ICI's latest "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets decreased by $500 million to $2.805 trillion for the week ended Wednesday, October 6.... Taxable government funds decreased by $340 million, taxable non-government funds decreased by $450 million, and tax-exempt funds increased by $290 million." Following a 5-week streak of modest inflows in August, money fund assets have seen moderate outflows in September and early October. Crane's Money Fund Intelligence XLS shows money fund assets declining by $28.2 billion in September. ICI's weekly series shows money fund assets have declined by $488 billion, or 14.8% YTD. (Institutional assets account for the bulk of these declines. They're down $373 billion, or 16.8%, YTD.) Almost all of the year-to-date declines occurred in the first quarter and first half of 2010. Money fund assets remain above the $2.8 trillion level and remain at the same level they were in mid-June. In other news, Federated Investors announced its "Third Quarter 2010 Earnings and Conference Call Dates, which will be Thursday Oct. 28 at 4pm and Friday Oct. 29 at 9am, respectively.
