Assets of money market mutual funds fell by $5.08 billion to rest at $3.502 trillion during the week ending July 30, according to the Investment Company Institute.

Retail money market mutual funds fell by $5.15 billion to $1.226 trillion during the same period. Taxable money market fund retail assets fell by $2.33 billion to $924.84 billion, while tax-exempt money market fund assets fell by $2.82 billion to $301.01 billion.

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