Board of Governors of the Federal Reserve System

Commercial Paper

Volume Statistics for Commercial Paper Issuance Derived from data supplied by The Depository Trust & Clearing Corporation

Data as of February 8, 2012Posted February 9, 2012

Volume statistics for daily commercial paper issuance are provided for each of the commercial paper rate categories: AA nonfinancial, A2/P2 nonfinancial, AA financial, and AA asset-backed; as well as for the total market. Total market is not the sum of the four rate categories as there is additional issuance that does not fall in any of the rate categories. The criteria that determine which issues are included in the rate categories are detailed in the Rate Calculations section of the About page of this release. The market statistics reflect all sales of commercial paper to investors by dealers or direct issuers, excluding secondary issues and repurchase agreement and financing issues.

AA nonfinancial

Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2010 4,857 3,552 282 335 347 221 120 172 102 14 18 20 11 6
2011 4,986 2,987 490 420 544 352 192 165 85 16 18 24 14 8
2012* 4,905 2,371 527 443 881 335 348 161 75 17 16 30 12 10
Monthly average
2011-Sept. 5,821 3,544 565 542 585 455 131 187 98 19 21 24 18 6
Oct. 5,669 3,053 591 528 635 547 315 202 104 19 21 26 20 12
Nov. 4,687 2,549 389 496 687 330 236 163 85 14 18 25 13 7
Dec. 4,609 2,762 390 597 510 115 236 158 91 15 24 17 4 7
2012-Jan. 5,029 2,232 578 465 1,022 352 379 167 72 19 17 35 13 11
Feb.* 4,493 2,836 358 369 410 276 244 139 84 11 14 14 9 6
Weekly (Friday) average
Jan. 13 4,912 2,620 295 428 871 202 496 163 81 10 17 35 8 12
Jan. 20 5,351 2,291 311 590 949 725 486 182 73 12 20 34 28 14
Jan. 27 4,010 1,665 781 389 838 176 161 134 56 23 12 28 9 7
Feb. 3 5,051 2,469 537 329 1,053 219 443 159 77 18 14 30 7 14
Feb. 10* 4,182 2,958 406 267 243 277 31 128 87 12 8 10 9 1
Daily
Feb. 2 4,342 2,984 315 207 316 134 386 149 89 11 21 10 8 10
Feb. 3 4,916 3,143 122 249 836 202 364 160 101 6 13 22 8 10
Feb. 6 4,350 3,333 459 180 269 40 70 133 96 13 5 14 3 2
Feb. 7 4,103 2,806 718 217 195 145 22 127 88 19 8 7 4 1
Feb. 8 4,093 2,737 41 404 265 646 0 123 78 4 12 9 20 0
* Data through February 8.

A2/P2 nonfinancial

Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2010 2,673 1,968 233 231 184 46 11 191 134 18 18 16 4 1
2011 4,393 2,858 492 451 432 129 32 227 147 23 23 25 7 2
2012* 5,720 3,633 745 588 579 151 24 257 153 33 30 31 9 1
Monthly average
2011-Sept. 4,171 2,539 518 549 419 96 49 216 128 26 29 25 5 2
Oct. 4,913 3,196 417 490 585 198 28 237 150 21 23 33 9 2
Nov. 5,097 2,963 710 608 550 215 50 229 124 31 30 30 12 2
Dec. 4,972 3,220 560 422 573 170 27 213 128 25 21 29 9 2
2012-Jan. 5,866 3,751 771 588 566 161 29 260 154 34 31 30 10 1
Feb.* 5,235 3,238 656 590 623 117 10 250 149 29 30 35 6 0
Weekly (Friday) average
Jan. 13 5,761 3,687 671 621 614 152 16 249 145 27 33 32 12 1
Jan. 20 6,848 4,633 818 715 458 149 74 287 176 37 34 26 11 3
Jan. 27 5,657 3,670 831 486 478 172 20 254 160 36 25 23 8 1
Feb. 3 5,401 3,500 699 534 489 172 6 256 161 33 27 28 7 0
Feb. 10* 5,013 3,101 626 526 662 89 9 236 143 24 27 37 5 0
Daily
Feb. 2 5,644 3,418 887 672 523 137 7 283 158 47 34 37 6 1
Feb. 3 5,442 3,649 352 631 749 60 0 241 155 14 36 33 3 0
Feb. 6 5,168 3,762 416 199 736 55 0 237 157 22 16 36 6 0
Feb. 7 5,273 2,884 836 689 734 130 0 247 139 23 37 43 5 0
Feb. 8 4,599 2,656 625 690 517 82 28 224 132 26 27 33 5 1
* Data through February 8.

AA financial

Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2010 7,955 5,906 456 213 414 292 673 252 165 16 9 19 13 29
2011 5,092 3,415 299 128 317 228 704 151 81 10 6 15 11 28
2012* 1,801 819 9 46 73 35 819 56 18 0 2 3 2 31
Monthly average
2011-Sept. 3,632 2,064 224 57 359 392 536 112 45 6 2 17 17 24
Oct. 2,838 1,168 218 79 350 271 753 94 26 7 4 14 11 33
Nov. 2,994 1,148 207 114 224 203 1,099 95 25 6 6 11 7 39
Dec. 4,730 3,597 175 93 328 101 436 130 81 5 3 17 6 17
2012-Jan. 1,792 887 3 10 84 35 772 55 19 0 0 4 2 31
Feb.* 1,831 593 29 167 35 34 974 58 13 1 5 2 2 34
Weekly (Friday) average
Jan. 13 2,238 894 3 0 18 2 1,322 68 19 0 0 4 0 44
Jan. 20 1,499 1,108 9 23 37 61 261 46 24 0 1 2 3 17
Jan. 27 1,755 841 0 0 141 16 757 52 18 0 0 3 1 30
Feb. 3 1,653 721 32 149 5 39 707 47 15 1 5 1 2 24
Feb. 10* 1,669 633 5 120 61 4 846 56 14 0 4 3 1 34
Daily
Feb. 2 1,149 384 150 100 10 140 365 35 9 3 2 2 4 15
Feb. 3 1,833 719 0 441 0 44 629 64 15 0 17 0 3 29
Feb. 6 1,771 930 15 110 165 9 543 57 20 1 3 5 2 26
Feb. 7 2,319 721 0 250 16 2 1,329 70 16 0 8 3 1 42
Feb. 8 916 247 0 0 2 0 667 42 7 0 0 2 0 33
* Data through February 8.

AA asset-backed

Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2010 22,761 13,203 1,363 832 3,932 1,168 2,263 742 419 47 29 132 42 73
2011 24,920 15,664 1,917 742 3,780 990 1,827 697 423 53 23 111 31 55
2012* 26,364 15,589 3,030 769 3,873 1,053 2,050 721 417 78 25 108 33 60
Monthly average
2011-Sept. 31,152 20,841 2,584 1,262 4,251 1,179 1,035 816 524 66 36 120 35 34
Oct. 33,906 22,516 3,316 886 4,486 951 1,752 885 566 82 28 129 27 53
Nov. 32,895 21,987 3,619 912 3,835 1,079 1,463 850 543 89 29 110 35 44
Dec. 31,859 23,128 2,260 752 3,448 1,192 1,079 827 579 57 23 98 34 35
2012-Jan. 27,460 16,322 3,248 790 4,037 1,106 1,956 749 436 82 26 112 34 58
Feb.* 22,712 13,142 2,304 701 3,327 874 2,365 626 351 62 22 95 29 68
Weekly (Friday) average
Jan. 13 32,067 19,643 2,953 882 4,711 1,632 2,245 860 517 74 29 129 48 64
Jan. 20 26,522 13,078 4,535 772 5,104 938 2,096 739 375 112 25 135 29 63
Jan. 27 21,257 12,962 3,388 632 2,035 728 1,512 606 365 88 20 64 23 46
Feb. 3 21,326 12,740 2,151 781 3,008 711 1,935 601 347 58 27 87 26 57
Feb. 10* 23,171 13,558 2,428 483 3,512 984 2,208 625 358 62 16 96 29 64
Daily
Feb. 2 21,097 12,037 1,579 1,099 3,134 772 2,477 589 327 44 31 88 29 70
Feb. 3 22,169 13,219 3,015 349 2,874 691 2,022 615 354 87 10 83 26 55
Feb. 6 23,434 14,193 1,231 612 4,049 1,508 1,841 621 365 37 19 112 37 51
Feb. 7 22,317 13,297 4,256 475 1,717 534 2,037 623 370 105 16 49 17 66
Feb. 8 23,763 13,184 1,797 360 4,768 908 2,745 630 338 44 12 126 34 76
* Data through February 8.

Total market

Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2010 84,343 54,835 6,754 3,631 9,110 3,095 6,918 2,962 1,786 254 172 374 134 243
2011 90,293 58,762 7,691 4,058 9,394 3,478 6,910 2,813 1,664 251 166 349 141 242
2012* 91,333 54,664 8,437 4,226 10,334 3,977 9,695 2,821 1,579 261 163 360 148 311
Monthly average
2011-Sept. 100,043 67,644 8,303 5,013 9,821 3,903 5,358 3,043 1,859 275 193 358 152 205
Oct. 100,165 65,148 9,206 4,543 10,471 3,972 6,825 3,045 1,809 286 178 376 155 241
Nov. 96,341 61,621 10,145 4,552 9,693 3,960 6,370 2,861 1,665 305 178 338 153 222
Dec. 94,108 64,242 8,156 3,963 9,485 3,612 4,649 2,831 1,784 251 155 330 134 178
2012-Jan. 93,687 56,156 8,898 4,220 10,616 4,180 9,618 2,875 1,611 273 163 366 153 309
Feb.* 83,487 49,691 6,903 4,247 9,393 3,299 9,954 2,638 1,470 221 162 338 130 319
Weekly (Friday) average
Jan. 13 98,548 59,389 7,303 4,469 12,267 4,503 10,617 2,980 1,680 223 177 407 165 327
Jan. 20 93,537 53,277 10,583 5,158 10,578 4,448 9,493 2,917 1,554 320 186 360 172 324
Jan. 27 83,914 52,537 9,437 3,162 7,648 2,979 8,152 2,626 1,553 285 128 271 117 271
Feb. 3 81,755 48,394 6,822 4,599 9,021 3,131 9,789 2,605 1,450 229 168 321 120 316
Feb. 10* 85,130 52,727 7,046 2,922 9,460 3,039 9,937 2,643 1,538 206 126 334 125 313
Daily
Feb. 2 80,922 46,607 6,724 5,058 9,571 3,861 9,101 2,650 1,401 263 191 341 140 314
Feb. 3 79,920 48,050 6,868 5,126 8,076 2,850 8,950 2,537 1,447 217 185 286 118 284
Feb. 6 86,792 56,983 4,430 2,730 10,834 3,138 8,677 2,656 1,622 152 109 358 129 286
Feb. 7 89,616 52,765 10,620 3,214 8,412 2,505 12,100 2,772 1,576 282 146 304 94 370
Feb. 8 78,984 48,434 6,086 2,822 9,132 3,474 9,035 2,501 1,417 185 124 341 151 283
* Data through February 8.

Footnotes

1. Millions of dollars.

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Last update: February 9, 2012