Money market fund assets dropped $8.04 billion for the week ending Wednesday, March 20, the Investment Company Institute reported today. That brings total money market fund assets to $2.35 trillion.

Most of the decrease came from institutional money market funds, which dropped $5.64 billion to $1.26 trillion, according to the ICI. Taxable funds decreased by $5.73 billion, however tax-exempt funds actually increased by $88.3 million.

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