Money market mutual fund assets increased by $12.20 billion to $2.613 trillion for the week ended Wednesday, May 29, according to data from the Investment Company Institute.

Retail money market funds assets climbed $1.52 billion to $895.16 billion. Taxable government money market fund assets in the retail category decreased by $20 million to $193.43 billion, taxable non-government money market fund assets increased by $990 million to $513.86 billion, and tax-exempt fund assets increased by $550 million to $187.87 billion.

Institutional money market funds also increased by $10.68 billion to $1.718 trillion. Among institutional funds, taxable government money market fund assets increased by $6.87 billion to $717.89 billion, taxable non-government money market fund assets increased by $5.26 billion to $929.61 billion, and tax-exempt fund assets decreased by $1.45 billion to $70.68 billion.