Money Fund Assets Flat on Week
ICI's latest "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets decreased by $1.98 billion to $2.634 trillion for the week ended Wednesday, October 19, the Investment Company Institute reported today. Taxable government funds increased by $90 million, taxable non-government funds decreased by $200 million, and tax-exempt funds decreased by $1.87 billion. Assets of retail money market funds decreased by $1.18 billion to $944.24 billion. Taxable government money market fund assets in the retail category decreased by $240 million to $198.43 billion, taxable non-government money market fund assets decreased by $970 million to $552.30 billion, and tax-exempt fund assets increased by $30 million to $193.51 billion.... Assets of institutional money market funds decreased by $810 million to $1.690 trillion. Among institutional funds, taxable government money market fund assets increased by $340 million to $690.86 billion, taxable non-government money market fund assets increased by $760 million to $904.16 billion, and tax-exempt fund assets decreased by $1.91 billion to $95.21 billion. ICI reports money market fund assets to the Federal Reserve each week. Revisions are due to data adjustments, reclassifications, and changes in the number of funds reporting. Historical weekly money market data back to January 2008 are available on the ICI website."
