NEW YORK (AP) — Total U.S. money market mutual fund assets fell $1.98 billion to $2.634 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.

Assets of the nation's retail money market mutual funds fell $1.18 billion to $944.24 billion, the Washington-based mutual fund trade group said. Assets of taxable money market funds in the retail category fell $1.21 billion to $750.73 billion. Tax-exempt retail fund assets rose $30 million to $193.51 billion.

Meanwhile, assets of institutional money market funds fell $810 million to $1.690 trillion. Among institutional funds, taxable money market fund assets rose $1.1 billion to $1.595 trillion; assets of tax-exempt funds fell $1.91 billion to $95.21 billion.

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