Tax-exempt money market funds experienced a second week of outflows, losing $3.18 billion, and total net assets dropped to $326.73 billion in the week ended Jan. 24 — $1.17 billion less than the previous week, according to the Money Fund Report, a service of iMoneyNet.com.

The outflows followed losses of $4.35 billion that trimmed total net assets to $329.91 billion for the week ended Jan. 17 and offset the nearly month-long period of inflows that began on Dec. 15.

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