Deposits into new tax-exempt unit investment trusts declined by about $570 million through July 1994, compared with the same period last year, according to the Investment Company Institute.

New tax-exempt unit trusts gained deposits of $330.9 million in July, bringing total assets in municipal trusts to $2.39 billion. This compares with total assets in the trusts of $2.96 billion in July 1993.

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