NEW YORK (AP) — Total U.S. money market mutual fund assets fell $24.74 billion to $2.672 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.

Assets of the nation's retail money market mutual funds rose by $3.53 billion to $918.95 billion, while assets of institutional money market funds fell $28.27 billion to $1.753 trillion, the Washington-based mutual fund trade group said Thursday.

Assets of taxable money market funds in the retail category rose $3.57 billion to $722.37 billion. Tax-exempt fund assets fell $40 million to $196.58 billion. Among institutional funds, taxable money market fund assets fell $28.13 billion to $1.647 trillion; assets of tax-exempt funds fell $140 million to $106.09 billion.

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