Assets in money market funds fell by $35.08 billion in the week ended Jan. 19, the Investment Company Institute reported Thursday.

Taxable government funds decreased by $21.01 billion, taxable non-government funds had outflows of $12.08 billion and tax-exempt funds decreased by $1.99 billion.

Among retail funds, assets increased by $280 million to $940.84 billion. Taxable government money market funds gains $1.25 billion of assets for a total of $167.08 billion, taxable non-government money market funds lost $600 billion for a total of $566.85 billion and tax-exempt fund assets decreased by $360 million to $206.91 billion.

Among institutional funds, assets fell by $35.36 billion to $1.820 trillion. Taxable government money funds lost $22.25 billion of assets for a total of $628.71 billion, taxable non-government money fund assets decreased by $11.48 billion to $1.069 trillion, and tax-exempt assets decreased by $1.63 billion to $122.29 billion.

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