Outflows among tax-exempt money market funds increased to $3.03 billion for the week ending June 22, as total assets fell to $459.98 billion, according to the Money Fund Report, a service of iMoneyNet.com.

Last week, the funds declined by $2.88 billion and settled at $463.01 billion for the week ending June 15.

In addition to the outflows this week, the average seven-day simple yield for the 504 tax-exempt money funds in the report inched up to 0.19% from the record low of 0.18% achieved on June 8. At the same time, the average maturity increased to 25 days from 24 days.

In the taxable money fund market, meanwhile, total assets increased by a noticeable $18.11 billion to $3.187 trillion for the week ending June 23. That activity came on the heels of two weeks of outflows — $60.04 billion for the week ending June 16 when the funds settled at $3.169 trillion and $6.78 billion for the week ending June 9 when they settled at $3.229 trillion.

The average seven-day simple yield for the 1,208 taxable funds in the report this week remained at an all-time low of 0.13%.

Overall, the combined assets of the 1,712 money funds generated $15.08 billion of inflows and settled at $3.647 trillion for the week ending June 23, after losing $62.9 billion for the week ending June 16 and settling at $3.632 trillion.

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