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 August 27, 2014Posted August 28, 2014

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
2012 5,057 2,890 455 398 697 308 308 164 91 16 15 23 10 10
2013 3,005 1,080 411 460 491 292 270 122 42 15 20 21 11 12
2014* 4,569 2,569 631 243 422 334 370 178 98 21 11 18 13 17
Monthly average
2014-Mar. 3,600 1,757 505 256 244 490 347 145 72 17 10 10 18 17
Apr. 2,711 1,192 494 285 228 312 200 120 61 18 11 11 10 10
May 5,879 3,359 697 267 662 275 620 234 130 24 13 26 13 28
June 7,087 5,047 906 278 276 143 437 255 181 28 10 13 6 16
July 5,863 3,660 702 271 453 383 394 224 135 26 12 20 15 17
Aug.* 6,322 3,466 1,142 246 527 446 496 219 116 34 9 22 18 21
Weekly (Friday) average
Aug. 1 5,805 2,580 1,112 385 717 559 452 217 94 33 19 27 24 19
Aug. 8 6,729 3,811 1,593 228 335 400 363 223 120 50 6 16 17 14
Aug. 15 5,332 2,855 533 241 576 614 513 199 105 17 9 22 26 20
Aug. 22 6,912 4,033 1,353 179 578 146 622 236 130 37 8 25 6 29
Aug. 29* 5,607 3,703 289 413 592 391 218 198 126 9 18 23 13 9
Daily
Aug. 21 3,399 1,781 470 260 265 4 618 128 61 13 6 14 1 33
Aug. 22 8,257 2,096 5,285 137 527 114 98 264 74 142 8 28 3 9
Aug. 25 5,753 4,294 686 40 415 141 176 185 127 21 3 21 6 7
Aug. 26 5,383 3,446 108 741 618 262 208 197 128 4 25 21 9 10
Aug. 27 5,684 3,370 72 458 744 769 272 212 123 3 25 26 24 11
* Data through August 27.

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
2012 5,241 3,097 675 599 676 143 51 249 142 29 30 37 8 3
2013 3,985 1,986 773 557 500 114 55 341 173 61 47 46 10 4
2014* 4,765 2,806 657 591 560 101 50 422 242 57 56 53 10 4
Monthly average
2014-Mar. 4,496 2,667 762 390 475 118 85 413 238 70 40 47 12 6
Apr. 4,656 2,707 667 628 514 115 25 408 229 60 59 47 10 2
May 5,460 3,104 673 778 715 134 55 478 265 60 73 63 14 3
June 4,912 3,030 560 695 515 76 36 420 246 45 65 53 8 3
July 4,988 3,045 542 660 659 57 25 437 259 48 64 59 5 2
Aug.* 4,591 2,980 498 489 532 65 27 414 266 48 44 47 6 3
Weekly (Friday) average
Aug. 1 5,123 3,405 321 655 646 85 10 469 304 34 61 62 7 1
Aug. 8 4,559 2,829 412 677 555 81 5 409 251 41 66 44 8 0
Aug. 15 4,217 2,984 405 397 357 53 20 377 266 34 35 35 5 2
Aug. 22 4,598 2,983 659 434 441 44 36 437 284 64 37 45 5 3
Aug. 29* 4,890 3,082 624 324 705 87 68 414 254 63 31 50 8 8
Daily
Aug. 21 4,483 2,964 651 504 241 50 74 440 301 61 46 25 4 3
Aug. 22 5,152 3,253 731 445 613 19 91 479 307 74 34 54 2 8
Aug. 25 4,667 3,118 655 269 424 201 0 403 245 73 23 44 18 0
Aug. 26 4,798 2,922 429 390 882 5 170 390 233 50 39 43 1 24
Aug. 27 5,205 3,205 789 312 809 56 33 449 284 65 30 64 5 1
* Data through August 27.

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
2012 1,445 440 69 78 118 101 638 60 12 3 3 6 5 31
2013 1,406 497 86 49 100 133 541 72 26 3 2 6 6 29
2014* 2,944 2,095 156 36 71 104 482 131 91 6 2 4 5 25
Monthly average
2014-Mar. 1,979 1,421 85 22 67 87 298 87 57 3 1 4 4 17
Apr. 2,374 1,553 95 55 72 108 491 99 62 4 2 3 5 23
May 3,354 2,688 130 34 84 95 322 153 117 6 2 4 4 20
June 2,857 2,011 195 40 94 102 415 120 83 6 1 5 3 21
July 3,916 2,745 390 34 89 62 596 173 123 13 1 5 3 28
Aug.* 4,888 4,031 114 43 79 77 544 218 177 3 2 5 4 27
Weekly (Friday) average
Aug. 1 4,043 2,417 149 37 168 63 1,210 157 100 6 3 6 4 39
Aug. 8 4,245 3,468 157 75 91 4 451 186 147 5 3 4 1 26
Aug. 15 3,606 2,941 67 64 68 122 343 195 159 2 3 4 4 21
Aug. 22 5,046 4,311 138 23 57 80 437 218 176 4 1 5 4 28
Aug. 29* 7,186 6,444 119 3 118 143 358 311 275 4 0 7 7 18
Daily
Aug. 21 5,824 4,982 310 6 40 28 459 255 214 8 1 2 6 24
Aug. 22 5,079 4,532 0 2 96 106 343 201 157 0 1 3 5 35
Aug. 25 6,744 5,908 205 0 175 154 302 294 261 6 0 5 6 16
Aug. 26 7,766 7,008 125 8 95 100 430 327 294 3 1 7 2 20
Aug. 27 7,048 6,417 28 0 84 176 342 311 269 2 0 9 13 18
* Data through August 27.

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
2012 15,681 8,780 1,532 421 2,816 787 1,346 447 246 42 14 81 25 41
2013 11,175 6,208 943 269 1,998 619 1,138 431 248 33 10 70 25 46
2014* 9,461 5,068 747 262 1,636 463 1,286 382 211 35 10 60 19 47
Monthly average
2014-Mar. 10,032 5,438 606 233 1,671 533 1,551 396 222 31 10 60 20 52
Apr. 8,465 4,629 600 158 1,478 429 1,171 343 195 31 6 53 16 41
May 9,128 4,555 686 247 1,640 538 1,462 366 189 35 10 60 22 50
June 9,692 5,259 772 460 1,709 400 1,093 382 212 35 15 62 17 41
July 8,766 4,480 1,038 274 1,492 497 984 362 197 43 9 55 20 38
Aug.* 9,139 4,429 760 341 1,762 377 1,469 396 202 38 12 69 17 59
Weekly (Friday) average
Aug. 1 7,888 4,436 722 585 1,222 301 622 327 194 35 16 43 13 26
Aug. 8 9,221 4,299 793 266 1,511 381 1,970 400 198 41 10 56 19 77
Aug. 15 9,340 4,778 788 397 1,821 400 1,156 404 212 38 14 74 16 51
Aug. 22 9,163 4,274 676 339 2,026 408 1,440 404 197 36 11 84 17 59
Aug. 29* 8,570 4,236 772 237 1,762 312 1,251 357 196 34 9 59 14 44
Daily
Aug. 21 6,965 3,626 656 197 1,569 358 557 336 186 34 9 54 15 38
Aug. 22 8,088 3,826 929 713 1,267 408 946 390 174 52 19 94 16 35
Aug. 25 8,213 4,258 438 202 782 387 2,147 353 198 19 8 37 22 69
Aug. 26 8,616 4,593 676 193 2,271 326 556 353 199 35 8 75 12 24
Aug. 27 8,881 3,857 1,202 316 2,232 223 1,050 365 192 48 12 66 7 40
* Data through August 27.

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
2012 71,805 42,245 6,970 3,626 8,655 3,052 7,257 2,334 1,282 228 145 312 121 246
2013 77,384 48,518 9,644 3,265 6,513 2,586 6,858 3,190 1,889 364 188 326 129 295
2014* 78,193 51,040 8,756 2,947 6,342 2,430 6,679 3,381 2,070 361 187 336 125 301
Monthly average
2014-Mar. 75,388 49,878 7,304 2,740 5,377 2,629 7,461 3,263 2,025 331 172 286 131 318
Apr. 68,804 43,495 7,555 2,882 5,717 2,519 6,636 3,081 1,855 339 178 297 126 287
May 81,320 53,212 9,053 3,199 6,572 2,504 6,780 3,561 2,183 379 206 354 132 307
June 82,510 56,384 8,557 3,524 6,611 1,897 5,537 3,458 2,210 353 202 337 102 254
July 78,952 51,215 10,289 2,706 6,578 2,400 5,765 3,415 2,097 399 180 358 120 261
Aug.* 83,651 54,337 10,622 2,764 6,615 2,380 6,932 3,511 2,155 392 174 346 124 321
Weekly (Friday) average
Aug. 1 79,523 52,396 9,577 3,042 6,808 1,942 5,756 3,333 2,102 356 183 344 106 243
Aug. 8 83,654 53,950 11,023 2,837 6,002 2,211 7,631 3,478 2,133 390 194 317 112 332
Aug. 15 77,089 49,699 9,902 2,891 6,642 2,229 5,727 3,338 2,040 372 180 347 115 285
Aug. 22 84,306 55,429 10,929 2,580 6,265 2,707 6,396 3,558 2,171 420 149 350 139 329
Aug. 29* 89,971 59,843 10,842 2,325 7,076 1,982 7,903 3,692 2,345 399 154 340 117 336
Daily
Aug. 21 78,488 55,738 7,994 2,681 5,089 2,550 4,436 3,411 2,223 347 163 291 119 268
Aug. 22 79,486 53,474 11,465 3,143 4,871 1,171 5,362 3,522 2,070 455 191 385 61 360
Aug. 25 87,741 60,509 10,735 2,095 5,551 1,780 7,071 3,608 2,404 357 151 310 111 275
Aug. 26 87,434 58,633 11,255 2,322 7,488 1,508 6,227 3,542 2,293 399 151 353 76 270
Aug. 27 94,739 60,388 10,535 2,560 8,188 2,657 10,410 3,925 2,339 440 159 358 165 464
* Data through August 27.

Footnotes

1. Millions of dollars.

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Last update: August 28, 2014