DALLAS -- Texas municipalities pulled more than $1.6 billion out of the state's municipal investment pool this week as officials sought to reassure investors and calm fears to prevent further losses.

The state treasurer's office released figures showing that investors yesterday withdrew an estimated net of $271 million out of the fund, called TexPool, and took out $448 million on Tuesday. That followed a withdrawal of $646 million Monday and a $326 million run on Friday.

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