After a seven weeks in the desert, tax-exempt money market funds finally saw a modest trickle of inflows in the week ending Feb. 22. The gain of $187.7 million, raising total assets to $381.75 billion, marked only the second time this year that the funds were on the positive side of the ledger, according to the Money Fund Report, a service of

The time last the funds grew was the week ending Jan. 4, when they rang in the New Year with $2.60 billion of inflows for a total of $402.24 billion. Otherwise, outflows have dominated so far in 2010.

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