US money market fund assets fall by $35bn in latest week

India Infoline News Service | Mumbai |

Assets of institutional money market funds decreased by $29.69 billion to $1.66 trillion

Total money market fund assets decreased by $35.02 billion to $2.58 trillion for the week ended Wednesday, April 16, the Investment Company Institute reported on Thursday.
Among taxable money market funds, treasury funds (including agency and repo) decreased by $11.37 billion and prime funds decreased by $18.54 billion. Tax-exempt money market funds decreased by $5.11 billion.
Retail: Assets of retail money market funds decreased by $5.33 billion to $912.96 billion. Treasury money market fund assets in the retail category decreased by $1.21 billion to $201.49 billion, prime money market fund assets decreased by $1.51 billion to $520.10 billion, and tax-exempt fund assets decreased by $2.61 billion to $191.37 billion.
Institutional: Assets of institutional money market funds decreased by $29.69 billion to $1.66 trillion. Among institutional funds, treasury money market fund assets decreased by $10.16 billion to $693.42 billion, prime money market fund assets decreased by $17.03 billion to $897.63 billion, and tax-exempt fund assets decreased by $2.50 billion to $73.06 billion.
ICI reports money market fund assets to the Federal Reserve each week. 
 

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