Money market fund assets rose for the fifth straight week and eighth week out of nine, according to ICI'​s latest "​Money Market Fund Assets" report. The release says, "Total money market fund assets increased by $​9.​82 billion to $​2.​65 trillion for the week ended Wednesday, November 19, the Investment Company Institute reported today. Among taxable money market funds, Treasury funds (​including agency and repo) increased by $​7.​41 billion and prime funds increased by $​1.​44 billion. Tax-​exempt money market funds increased by $​960 million. Assets of retail money market funds increased by $​30 million to $​899.​87 billion. Among retail funds, Treasury money market fund assets decreased by $​110 million to $​199.​28 billion, prime money market fund assets decreased by $​240 million to $​516.​09 billion, and tax-​exempt fund assets increased by $​390 million to $​184.​50 billion. Assets of institutional money market funds increased by $​9.​79 billion to $​1.​75 trillion. Among institutional funds, Treasury money market fund assets increased by $​7.​53 billion to $​766.​91 billion, prime money market fund assets increased by $​1.​68 billion to $​917.​42 billion, and tax-​exempt fund assets increased by $​580 million to $​69.​68 billion." In other news, the Federal Reserve released the Minutes from its October 28-​29 FOMC meeting on Wednesday. Here'​s an excerpt: "The Committee currently anticipates that, even after employment and inflation are near mandate-​consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run." Minneapolis Fed Chair Narayana Kocherlakota dissented (​arguing for a more dovish view). Also, Fed Governor Daniel Tarullo spoke about liquidity regulations and the "Net Stable Funding Ratio." Finally, the Fed issued a press release announcing, "On November 24, 2014, the Federal Reserve will conduct a fixed-​rate offering of term deposits through its Term Deposit Facility (​TDF) that will incorporate an early withdrawal feature."

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