ICI's latest "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets decreased by $16.45 billion to $2.633 trillion for the week ended Wednesday, September 14, the Investment Company Institute reported today. Taxable government funds decreased by $3.38 billion, taxable non-government funds decreased by $9.98 billion, and tax-exempt funds decreased by $3.09 billion. Assets of retail money market funds decreased by $4.84 billion to $939.03 billion. Taxable government money market fund assets in the retail category decreased by $310 million to $192.76 billion, taxable non-government money market fund assets decreased by $3.11 billion to $552.62 billion, and tax-exempt fund assets decreased by $1.43 billion to $193.65 billion. Assets of institutional money market funds decreased by $11.61 billion to $1.694 trillion. Among institutional funds, taxable government money market fund assets decreased by $3.07 billion to $663.45 billion, taxable non-government money market fund assets decreased by $6.87 billion to $930.51 billion, and tax-exempt fund assets decreased by $1.67 billion to $100.00 billion." This latest decline follows two weeks of inflows. Month-to-date in Sept., money funds are now down $4 billion. Year-to-date, money fund assets have declined by $177 billion, or 6.3%.

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