NEW YORK (AP) -- Total U.S. money market mutual fund assets fell by $5.35 billion to $2.563 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
Assets of the nation's retail money market mutual funds rose $369 million to $889.88 billion, the Washington-based mutual fund trade group said. Assets of taxable money market funds in the retail category rose $390 million to $702.8 billion. Tax-exempt retail fund assets fell $17 million to $187.08 billion.
Meanwhile, assets of institutional money market funds fell $5.72 billion to $1.673 trillion. Among institutional funds, taxable money market fund assets fell $5.61 billion to $1.586 trillion; assets of tax-exempt funds fell $110 million to $86.95 billion.
The seven-day average yield on money market mutual funds was 0.03 percent in the week that ended Tuesday, unchanged from the previous week, said Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass.
The 30-day average yield was also unchanged from last week at 0.03 percent. The seven-day compounded yield was flat at 0.03 percent. The 30-day compounded yield was unchanged at 0.03 percent, Money Fund Report said.
The average maturity of portfolios held by money market mutual funds rose to 46 days from 45 days in the previous week.
The online service Bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation's 10 largest markets showed the annual percentage yield available on money market accounts was unchanged from last week at 0.13 percent.
The North Palm Beach, Fla.-based unit of Bankrate Inc. said the annual percentage yield available on interest-bearing checking accounts was unchanged from the week before at 0.06 percent.
Bankrate.com said the annual percentage yield on six-month certificates of deposit was unchanged from the previous week at 0.22 percent. The yield on one-year CDs was also unchanged at 0.33 percent. It was flat at 0.53 percent on two-and-a-half-year CDs and steady at 1.13 percent on five-year CDs.
Forex: Broad-based USD weakness - FXStreet.com
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Money to burn! Francesca Eastwood and boyfriend Tyler Shields set a $100,000 Hermes Birkin bag on fire in new shoot - Daily Mail
By Jade Watkins
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It is one of the most sort after handbags in the world and customers are often required to go on a very long waiting list in order to obtain one.
But the fashion world is without one less Hermes Birkin bag after Francesca Eastwood and her boyfriend Tyler Shields set one on fire in a new photo shoot.
The 18-year-old daughter of legendary actor Clint Eastwood and her photographer beau burnt the $100,000 crocodile skin version of the bag in the name of art.
Hot stuff: Francesca Eastwood and her boyfriend Tyler Shields set a $100,000 Hermes Birkin Bag on fire in a new photo shoot
In one snap, Francesca is also seen fanning the flames even further by blowing on it with her red-painted pout.
As well as engulfing the leathergood in flames, the teenager also put the handles of the bag in her mouth in order to play a game of tug of war.
The pair finish off the tote by slicing it in half with a chainsaw.
Destroyed: The pair finish off the tote by slicing it in half with a chainsaw
This isn't the first luxury item that has been destroyed for one of Shields's shoot.
A pair of Christian Louboutin shoes were also wrecked in the name of photographic art.
The new pictures come after Shields‘ recently opened his Mouthful exhibit in support of Love is Louder in Los Angeles.
Opening night was last weekend and actress Emma Roberts was one of the guests-of-honour.
It's mine! As well as engulfing the leathergood in flames, the teenager also put the handles of the bag in her mouth in order to play a game of tug of war
The event, held at a private studio, was the most exclusive ticket in town as guests clamoured to get close to the cult photographer.
Also in attendance at the exhibit, presented by A/X Armani Exchange were Tyler‘s girlfriend Francesca, Harry Shum, Jr., and Modern Family‘s Sarah Hyland - who was with boyfriend Matt Prokop - and beauties, Christa B. Allen and Brittany Snow.
The cult snapper posed happily with Eastwood's beautiful daughter and Roberts at the wonderfully surreal event.
Two for the price of one: The Hermes bag is one of the most sought after accessories in the world
Roberts, 21, looked stunning in a black Dolce & Gabbana dress with matching bag with Christian Louboutin shoes.
And the niece of superstar Julia Roberts seemed to enjoy the event, mingling with the giant rabbits and panda wandering around the studio playing chess.
Roberts and Eastwood have often teamed up for a series of stylish photoshoots with Shields.
In love: Shields‘ recently opened his Mouthful exhibit in support of Love is Louder in Los Angeles with Francesca at his side
The photographer is famous for his provocative snaps of stars like Demi Lovato, Lindsay Lohan and Mischa Barton.
At the event, guests were greeted by human pandas and rabbits donning black A|X suits and 'viewed the out-of-the-box photography before signing special edition A|X Armani Exchange tee shirts in support of Love is Louder and Tyler Shields.
The tees will be auctioned off, with all proceeds going towards the foundation, created to support anti-bullying efforts.
Famous friends: Emma Roberts was also in attendance at the event
According to the press release: 'The fashion-forward crowd received a sneak-peak of the one-day-only gallery exhibition which fuses photography, video, and art installation.
Shattering all the rules, Shields leads the way at the helm of an entirely new breed of art.'
Shields also stars in his girlfriend's new reality show Eastwood & Company, which airs tomorrow night on E!.
DM...you idiots. The bag is $10,000 not $100,000. Get your reporting facts straight. Either way, I would never spend that much on a bag and I'm sure this idiot guy didn't either...he probably bought a replica from Chinatown for $50.
- Kristin, NY, 27/5/2012 21:54
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