Money market mutual fund assets dropped by $3.67 billion to $2.691 trillion for the week ended Wednesday, February 6, according to the Investment Company Institute.
Assets of institutional money market funds decreased by $3.74 billion to $1.776 trillion. Among institutional funds, taxable government money market fund assets decreased by $110 million to $726.08 billion, taxable non-government money market fund assets decreased by $3.80 billion to $967.21 billion, and tax-exempt fund assets increased by $170 million to $82.33 billion.
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