Total money market mutual fund assets increased by $3.93 billion to $2.687 trillion for the week ended Wednesday, July 6, the Investment Company Institute reports. Taxable government funds increased by $11.89 billion, taxable non-government funds decreased by $13.02 billion, and tax-exempt funds increased by $5.06 billion.

Retail: Assets of retail money market funds increased by $3.62 billion to $920.55 billion. Taxable government money market fund assets in the retail category increased by $2.34 billion to $177.30 billion, taxable non-government money market fund assets decreased by $1.41 billion to $544.84 billion, and tax-exempt fund assets increased by $2.69 billion to $198.41 billion.

Institutional: Assets of institutional money market funds increased by $310 million to $1.766 trillion. Among institutional funds, taxable government money market fund assets increased by $9.55 billion to $642.76 billion, taxable non-government money market fund assets decreased by $11.61 billion to $1.015 trillion, and tax-exempt fund assets increased by $2.36 billion to $108.62 billion.