After the arrival of last week’s bounty, outflows of $1.61 billion left tax-exempt money market funds with $272.34 billion in total net assets for the week ended Aug. 13, according to the Money Fund Report, a service of iMoneyNet.com.

The outflows chipped away at the $4.050 billion that the funds amassed last week when total net assets rose to $273.94 billion. Flows have been fluctuating week to week. In the week ended July 30, for instance, the funds saw outflows of $1.818 billion, leaving total net assets at $269.89 billion.

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