US money mkt fund assets fall $39.66 bln-iMoneyNet

NEW YORK Feb 17 (Reuters) - U.S. money market fund assets fell by $39.66 billion to $3.124 trillion in the week ended Feb. 16, the Money Fund Report said on Wednesday.

Taxable money market fund assets fell by $35.78 billion to $2.742 trillion, while tax-free assets were down by $3.88 billion to $381.56 billion, according to the report, published by iMoneyNet.

Yields on taxable money market funds remained at a record low of 0.02 percent, while tax-free and municipal fund yields also held at a record low of 0.02 percent. (Reporting by John Parry and Camille Drummond; Editing by James Dalgleish)