August 19, 2009 / 6:29 PM / in 8 years

US money market fund assets fall $22.6 bln-iMoneyNet

NEW YORK, Aug 19 (Reuters) - U.S. money market fund assets fell by $22.6 billion to $3.524 trillion in the week ended Aug. 18, the Money Fund Report said on Wednesday.

Taxable money market fund assets fell $19.8 billion to $3.078 trillion, while tax-free assets fell by $2.8 billion to $446.1 billion, according to the report, published by iMoneyNet.

Yields on taxable money market funds were unchanged at a record low of 0.07 percent, while tax-free yields slid to a record low of 0.10 percent from 0.11 percent the prior week.

Reporting by Dena Aubin

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