UPDATE 1-US money fund deposits surged by $202 bln in past 3 months

BOSTON () – U.S. money-market fund deposits surged by about $202 billion during the past three months, the strongest showing in at least a decade, research firm Morningstar Inc said on Thursday. In July alone, money-market funds collected nearly $76 billion amid the first Federal Reserve interest rate cut since 2008. Taxable-bond funds also had a strong showing, with $40.2 billion in net deposits during July and $206 billion during the past 12 months, Morningstar (MORN.O) said. Reporting By Tim McLaughlin; Editing by Chizu NomiyamaOur Standards:The Thomson Trust Principles.