The overall flow of cash into mutual funds largely made up of mortgage securities from the Government National Mortgage Association decreased considerably in October 1999, the latest month available.

According to the Investment Company Institute, Ginnie Mae mortgage funds lost $224 million in new sales for October, compared to a gain of $85.9 million in sales for September and $564.6 million in October 1998.

Total assets for October were $60.88 billion, down from $61.18 billion in September but up from $60.6 billion a year earlier.

Other Ginnie Mae mutual fund data released for October included the following:

* Total sales, including reinvested dividends, were $776.7 million, down from $1.11 billion in September and $1.35 billion in October 1998.

* Total sales, less reinvested dividends, were $578 million, down from $861.4 million in September and $1.19 billion in October 1998.

* Redemptions were $1.00 billion, down from $1.028 billion in September and up from $794.1 million a year earlier.

* Exchanges into the funds were $494 million, down from $517.9 million in September and down from $844.2 million in October 1998.

* Exchanges out of the funds were $479.7 million, down from $618.6 million in September and $757.5 million a year earlier.

* Liquid assets were minus-$5.08 billion, up from minus-$5.58 billion in September and minus-$3.70 billion in October 1998.

* Liquidity ratios were minus-8.3%, up from minus-9.1% in September and down from minus-6.1% a year earlier.

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