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Money Market Fund Assets Increase $6.38 Billion

Dan Zak Boosters of the cryptocurrency make their case on Capitol Hill and want an ATM within easy reach More business news Assets in download institutional money market funds rose $9.17 billion to $1.785 trillion. Among institutional funds, taxable money market fund assets increased $9.26 billion to $1.7 trillion. Assets of tax-exempt funds fell $90 million to $75.27 billion. The seven-day average yield on money market mutual funds was unchanged at 0.01 percent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The seven-day compounded yield was flat at 0.01 percent. The 30-day yield and the (source) 30-day compounded yield were both unchanged at 0.01 percent, Money Fund Report said Wednesday.
More: http://www.washingtonpost.com/business/money-market-fund-assets-increase-638-billion/2014/01/23/066af650-847a-11e3-a273-6ffd9cf9f4ba_story.html

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