The total U.S. money market mutual fund assets dropped $2.10 billion to $2.629 trillion for the week ended August 24, Bloomberg reports. According to Washington-based Investment Company Institute, mutual fund assets of the country’s retail money market shrank $6.82 billion to $944.83 billion. Taxable money market funds’ assets in the retail category fell $4.73 billion to $749.73 billion, while tax-exempt retail fund assets reduced $2.1 billion to $195.11 billion. On the other hand, assets of institutional money market funds increased $4.72 billion to $1.684 trillion and taxable money market fund assets rose $5.17 billion to $1.583 trillion.

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