Tax-free money market funds lost $7.69 billion - more than triple the outflows of the previous week - causing total assets to settle at $493.41 billion for the week ending Jan. 26, according to the Money Fund Report, a service of of Westborough, Mass.

By comparison, the funds lost $2.14 billion and settled at $501.1 billion in assets for the week ending Jan. 19, the report said.

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