The overall flow of cash into mutual funds largely made up of mortgage securities from the Government National Mortgage Association decreased considerably in April 2000, the latest month available.

According to the Investment Company Institute, Ginnie Mae mortgage funds lost $200.3 million in new sales for April, compared to a loss of $243.9 million in sales for March and a gain of $193.6 million in April 1999.

Total assets for April were $57.72 billion, down from $58.29 billion in March and $61.9 billion a year earlier.

Other Ginnie Mae mutual fund data released for April 2000 included the following:

* Total sales, including reinvested dividends, were $762 million, down from $950.7 in March and $1.26 billion in April 1999.

* Total sales, less reinvested dividends, were $557.8 million, down from $733.6 million in March and $1.08 billion in April 1999.

* Redemptions were $962.3 million, down from $1.2 billion in March and $1.06 billion a year earlier.

* Exchanges into the funds were $525.2 million, down from $584.4 million in March and $741.1 million in April 1999.

* Exchanges out of the funds were $622.1 million, down from $755.5 million in March and $720.1 million a year earlier.

* Liquid assets were minus-$5.54 billion, up from minus-$5.94 billion in March and down from minus-$2.8 billion in April 1999.

* Liquidity ratios were minus-9.6%, up from minus-10.2% in March and down from minus-4.5% a year earlier.

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