Tuesday, 11 September 2012

Chart of the Day: U.S. Institutional Money Funds

Institutional money funds are constructed from weekly data collected by the Investment Company Institute (ICI), a trade association for the investment company industry. It forms a part of the Fed's money stock measures (e.g. M1). As of 27 August 2012, the figure stood at USD 1,741.9 billion, which was a reduction of 0.7% on the same period last year. The figure was 32.8% lower than the highest ever reported, which was USD 2,593.5 billion in May 2009.


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