Total money market mutual fund assets decreased by $6.22 billion to $2.827 trillion for the week ended Wednesday, September 1, the Investment Company Institute reported yesterday.

The Wall Street Journal's John Kell covered the news.

Taxable government funds decreased by $10.71 billion, taxable non-government funds increased by $7.26 billion, and tax-exempt funds decreased by $2.77 billion. Assets of retail money market funds decreased by $470 million to $966 billion. Taxable government money market fund assets in the retail category increased by $90 million to $169.81 billion, taxable non-government money market fund assets increased by $810 million to $590.75 billion, and tax-exempt fund assets decreased by $1.38 billion to $205.45 billion.

Assets of institutional money market funds decreased by $5.75 billion to $1.861 trillion. Among institutional funds, taxable government money market fund assets decreased by $10.81 billion to $666.56 billion, taxable non-government money market fund assets increased by $6.45 billion to $1.065 trillion, and tax-exempt fund assets decreased by $1.39 billion to $130.23 billion. 

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