After recouping recent losses and ending a five-week trend of outflows, tax-exempt money market funds lost $2.50 billion for the week ended Oct. 17, as total net assets dropped to $288.10 billion, according to the Money Fund Report, a service of iMoneyNet.com.

The significant outflows arrived on the heels of $2.09 billion of inflows last week, which left assets at $290.61 billion. Last week was the first in over a month in which the funds had inflows, according to iMoneyNet.

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