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Assets of institutional money market funds rose by $5.48 billion to $1.510 trillion for the same period. Among institutional funds, taxable money market fund assets rose by $4.93 billion to $1.356 trillion; assets of tax-exempt funds rose by $555.2 million to $154.58 billion.
The seven-day average yield on money market mutual funds fell in the week ended Tuesday to 4.70 percent from 4.72 percent the previous week, said Money Fund Report, a service of iMoneyNet Inc. in Westboro, Mass. The 30-day average yield was unchanged at 4.72 percent, according to Money Fund Report.
The seven-day compounded yield fell to 4.81 percent from 4.84 percent the previous week, and the 30-day compounded yield fell to 4.83 percent from 4.84 percent, Money Fund Report said.
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 The online service Bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation's 10 largest markets showed the annual percentage yield available on money market accounts was unchanged at 0.85 percent as of Wednesday from a week earlier.
The North Palm Beach, Fla.-based unit of Bankrate Inc. said the annual percentage yield available on interest-bearing checking accounts was unchanged at 0.28 percent.
Bankrate.com said the annual percentage yield was 3.57 percent on six-month certificates of deposit, unchanged from the previous week. Yields were 3.76 percent on
one-year CDs, unchanged; 3.76 percent on 2 1/2-year CDs, up from 3.75 percent; and 3.98 percent on
five-year CDs, up from 3.96 percent.
[Associated Press] |
