After a short-lived period of inflows, tax-free money market funds declined by $124.8 million for the week ending May 25, and settled at $469.02 billion in total assets — after two prior weeks of positive cash-flow activity, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

Last week, tax-free money market funds gained $479.9 million and settled at $469.14 billion in total assets for the week ending May 18, following inflows of $742.9 million, which caused total funds to settle at $468.67 billion for the week ending May 11.

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