Tax-exempt money market funds saw withdrawals for a second week in a row. Total net assets fell by $1.34 billion to $292.40 billion in the week ended Jan. 23, according to the Money Fund Report, a service of iMoneyNet.com.

Last week brought with it the end of a month-long trend of inflows for tax-exempt money market funds, as investors pulled $2.82 billion from the sector and total net assets dropped to $293.75 billion.

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