ICI Reports MMMF Assets and shows a decline of $22.15 billion to $3.834 trillion. While likely due to normal quarter-end seasonal outflows, this represents the third consecutive weekly decline. ICI says, "Taxable government funds decreased by $15.12 billion, taxable non-government funds decreased by $6.66 billion, and tax-exempt funds decreased by $363 million.... Assets of retail money market funds decreased by $11.01 billion to $1.340 trillion.... Assets of institutional money market funds decreased by $11.14 billion to $2.494 trillion. Among institutional funds, taxable government money market fund assets decreased by $10.76 billion to $1.132 trillion, taxable non-government money market fund assets decreased by $1.45 billion to $1.170 trillion, and tax-exempt fund assets increased by $1.07 billion to $192.59 billion." Also, see WSJ's "Stable Value? Chrysler Fund Shows Woes Still Lurking", which says, "An unnerving new crack emerged in the $520 billion stable-value fund market as an offering for workers at Chrysler LLC dropped 11%, highlighting strains in yet another supposedly safe investment."

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