Assets in the nation's money market mutual funds fell 1.2% to $971.96 billion during the week ended Wednesday, according to the Investment Company Institute.

Retail money market funds lost $4.44 billion, ending the week with $655.19 billion in assets. Assets of 402 taxable money market funds in the retail sector dropped $2.27 billion to $536.05 billion, while the 263 tax- exempt funds' assets decreased by $2.17 billion to $119.14 billion.

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