After a short-lived period of inflows last week, tax-exempt money market funds experienced $1.81 billion of outflows and settled at $330.29 billion in total net assets for the week ending Oct. 11, according to the Money Fund Report, a service of

The funds managed to end a recent heavy streak of outflows during the week ending Oct. 4 by gaining $476.9 million and settling at $332.10 billion. The modest inflows arrived on the heels of substantial losses the three preceding weeks that ranged from $1.8 billion to $2.7 billion.

The iMoneyNet money fund average seven-day simple yield for the 488 reporting tax-exempt funds this week ended at a 0.03%, down one basis point from the 0.04% level recorded in each of the three previous weeks. In addition, the average maturity increased to 33 days from 32 days.

Tthe 1,143 taxable funds reporting saw $3.93 billion of outflows as they settled with $2.448 trillion for the week ending Oct. 12. Last week, the funds finished with $2.444 trillion after losing $3.77 billion.

The yield for taxable funds dipped to 0.03% from 0.04% — a level it had maintained for 16 consecutive weeks. The average maturity increased to 46 days from 44 days.

Overall, the combined assets of the 1,631 money funds in the report fell by $2.12 billion and settled at $2.779 trillion for the week ending Oct. 12, versus outflows of $3.29 billion the previous week when the funds settled at $2.777 trillion.