In Slovenia, growth of household savings in banks is gradually slowing. While in previous years deposit volume growth moderated due to seasonal factors in July, it was negative this year for the first time in the past three years, since comparable data have been available. The decline in July was entirely due to net outflows of overnight deposits. A large part of these outflows was probably intended for increased household spending associated with holidays. After two months of modest net inflows in mutual funds, July saw a further outflow of assets totaling EUR 127.6 million in the first seven months of 2008. The volume of assets managed by domestic mutual funds decreased by a good fifth over the first seven months this year.