Total money market mutual fund assets increased by $17.04 billion to $2.075 trillion for the week ended Wednesday, May 24, the Investment Company Institute reported today.

Retail: Assets of retail money market funds increased by $6.99 billion to $859.56 billion. Taxable money market fund assets in the retail category increased by $6.16 billion to $653.38 billion, and tax-exempt fund assets increased by $828.2 million to $206.18 billion.

Institutional: Assets of institutional money market funds increased by $10.05 billion to $1.215 trillion. Among institutional funds, taxable money market fund assets increased by $13.50 billion to $1.079 trillion, and tax-exempt fund assets decreased by $3.45 billion to $135.82 billion.