Continuing last week's outflow pattern, tax-exempt money market funds lost $1.49 billion as total net assets declined to $268.31 billion in the week ended Sept. 24, according to The Money Fund Report, a service of iMoneyNet.com.

The losses from the 438 tax-exempt money funds were significantly higher than last week's $449.9 million of outflows, which caused total net assets to decrease to $269.80 million.

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