After slowing from the massive outflows of two weeks ago, the losses of tax-exempt money market funds inched up to $3.37 billion and total assets settled at $387.61 billion for the week ended Feb. 1, according to the Money Fund Report, a service of iMoneyNet.com.

This week’s activity comes on the heels of last week’s outflows, which slowed to $2.65 billion in the week ending Jan. 25 following massive outflows of $7.67 billion in the week before.

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