Total assets of money market mutual funds increased by $54.67 billion to reach $3.895 trillion for the week ending January 7, according to the Investment Company Institute.

Assets of retail money market funds increased by $13.22 billion to $1.368 trillion. Among retail funds, taxable fund assets increased by $6.89 billion to $1.061 trillion and tax-exempt assets increased by $6.32 billion to $307.18 billion.

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