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

According to the Investment Company Institute, Ginnie Mae mortgage funds lost $302.3 million in new sales for February, compared to a loss of $1.4 billion in sales for January and a gain of $470.3 million in February 1999.

Total assets for February were $56.9 billion, down from $57.35 billion in January and down from $61.3 billion a year earlier.

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

Total sales, including reinvested dividends, were $807.5 million, down from $870.4 million in January and $1.19 billion in February 1999.

Total sales, less reinvested dividends, were $608 million, down from $719.2 million in January and $1. billion in February 1999.

Redemptions were $1.1 billion, down from $2.27 billion in January and up from $723.5 million a year earlier.

Exchanges into the funds were $548.9 million, down from $645 million in January and down from $725.8 million in February 1999.

Exchanges out of the funds were $937 million, down from $1.07 billion in January and up from $622 million a year earlier.

Liquid assets were minus-$6.06 billion, down from minus-$5.6 billion in January and minus-$3.38 billion in February 1999.

Liquidity ratios were minus-10.6%, down from minus-9.9% in January and down from minus-5.1% a year earlier. -

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