NEW YORK (AP) — Total U.S. money market mutual fund assets increased $10.21 billion to $2.631 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.

Assets of the nation's retail money market mutual funds grew $9.06 billion to $951.65 billion, the Washington-based mutual fund trade group said. Assets of taxable money market funds in the retail category rose $4.26 billion to $563.8 billion. Tax-exempt retail fund assets rose $430 million to $197.21 billion.

Meanwhile, assets of institutional money market funds rose $1.15 billion to $1.680 trillion. Among institutional funds, taxable money market fund assets rose $2.33 billion to $1.578 trillion; assets of tax-exempt funds fell $1.18 billion to $101.60 billion.

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