September 17, 2019 / 5:34 PM / a month ago

U.S. money fund assets fall $13.9 billion Monday: Crane Data

(Reuters) - U.S. money market funds saw $13.9 billion in outflows on Monday from Friday, lowering their assets to $3.689 trillion, as companies and investors withdrew cash to pay quarterly taxes and their purchases of Treasuries, respectively, according to Crane Data.

Money fund assets were down $38 billion from a week earlier, the data firm said on Tuesday.

Reporting by Richard Leong

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