Two weeks of gains among tax-exempt money market funds were washed away this week as $2.49 billion escaped the industry and total net assets decreased to $267.42 billion in the week ended Oct. 15, according to The Money Fund Report, a service of

The outflows put an end to a two-week inflow cycle -- the first in nearly a month -- during which the funds took in $1.50 billion last week and settled with $269.91 billion; and $99.2 million when they settled with $268.41 billion in the week ended Oct. 1.

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