ICI's Weekly Money Market Mutual Funds
ICI's Weekly Money Market Mutual Funds says, "Total money market mutual fund assets decreased by $21.86 billion to $2.726 trillion for the week ended Wednesday, June 1, the Investment Company Institute reported today. Taxable government funds decreased by $13.01 billion, taxable non-government funds decreased by $7.25 billion, and tax-exempt funds decreased by $1.60 billion. Assets of retail money market funds decreased by $2.34 billion to $908.09 billion. Taxable government money market fund assets in the retail category decreased by $680 million to $167.63 billion, taxable non-government money market fund assets decreased by $970 million to $544.23 billion, and tax-exempt fund assets decreased by $700 million to $196.24 billion. Assets of institutional money market funds decreased by $19.52 billion to $1.818 trillion. Among institutional funds, taxable government money market fund assets decreased by $12.33 billion to $594.87 billion, taxable non-government money market fund assets decreased by $6.28 billion to $1.112 trillion, and tax-exempt fund assets decreased by $910 million to $111.18 billion. See also, Treasury Today's "Should you bother with US money market funds?" and The Wall Street Journal's "Why Investors Should Worry About Money Funds".
