NEW YORK (AP) — Total money market mutual fund assets fell $34.37 billion to $2.708 trillion for the week ended Wednesday, the Investment Company Institute said Thursday.

Assets of the nation's retail money market mutual funds rose $3.04 billion to $916.31 billion, the Washington-based mutual fund trade group said. Assets of taxable money market funds in the retail category rose $3.21 billion to $718.65 billion. Tax-exempt fund assets fell $160 million to $197.67 billion.

Assets of institutional money market funds fell $37.41 billion to $1.791 trillion for the same period. Among institutional funds, taxable money market fund assets dropped $36.30 billion to $1.682 trillion; assets of tax-exempt funds fell $1.11 billion to $109.33 billion.

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