ICI's latest weekly statistics release says, "Total money market mutual fund assets decreased by $31.27 billion to $3.372 trillion for the week ended Wednesday, October 21.... Taxable government funds decreased by $13.35 billion, taxable non-government funds decreased by $14.56 billion, and tax-exempt funds decreased by $3.36 billion. Assets of retail money market funds decreased by $11.66 billion to $1.104 trillion. Taxable government money market fund assets in the retail category decreased by $4.46 billion to $170.53 billion, taxable non-government money market fund assets decreased by $5.85 billion to $691.90 billion, and tax-exempt fund assets decreased by $1.35 billion to $241.35 billion. Assets of institutional money market funds decreased by $19.61 billion to $2.269 trillion. Among institutional funds, taxable government money market fund assets decreased by $8.88 billion to $901.14 billion, taxable non-government money market fund assets decreased by $8.71 billion to $1.196 trillion, and tax-exempt fund assets decreased by $2.02 billion to $171.53 billion." Money fund assets have declined by $458 billion year-to-date (12.0%) and have decreased in 10 of the last 13 weeks. Assets have fallen by $221 billion (6.1%) over the past 52 weeks and have now retreated to levels last seen in February 2008.
