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 January 29, 2015Posted January 30, 2015

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
2013 3,005 1,080 411 460 491 292 270 122 42 15 20 21 11 12
2014 4,926 2,892 736 251 425 292 330 189 109 25 11 18 12 15
2015* 5,058 3,126 234 402 688 353 256 197 117 8 18 28 14 12
Monthly average
2014-Aug. 6,074 3,321 1,083 243 557 414 456 212 112 32 10 23 17 19
Sept. 6,742 4,239 1,135 277 475 271 347 238 149 36 11 17 10 15
Oct. 4,366 2,397 946 232 448 172 172 169 95 31 10 18 7 9
Nov. 5,845 3,714 781 283 514 269 285 211 129 26 11 21 12 13
Dec. 5,808 3,955 919 280 269 149 236 227 152 34 13 12 7 10
2015-Jan.* 5,058 3,126 234 402 688 353 256 197 117 8 18 28 14 12
Weekly (Friday) average
Jan. 2 2,305 1,683 131 325 134 20 12 126 92 6 22 4 1 0
Jan. 9 6,475 4,931 211 330 761 223 19 227 162 10 13 31 9 2
Jan. 16 6,233 2,904 106 771 1,362 656 434 251 114 3 35 55 27 17
Jan. 23 3,641 2,290 200 61 289 483 318 150 96 6 2 14 16 15
Jan. 30* 3,477 2,126 429 284 231 75 331 136 80 12 14 10 4 16
Daily
Jan. 23 2,300 1,079 674 0 185 262 101 109 69 20 0 7 8 5
Jan. 26 8,441 6,434 802 340 480 123 261 283 215 18 12 21 6 11
Jan. 27 1,182 465 0 38 225 55 399 55 24 0 3 8 3 17
Jan. 28 1,652 789 379 136 68 25 255 85 38 14 12 6 2 13
Jan. 29 2,632 817 536 621 152 96 409 122 42 15 31 5 6 23
* Data through January 29.

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
2013 3,985 1,986 773 557 500 114 55 341 173 61 47 46 10 4
2014 4,885 2,874 654 614 570 117 55 428 245 57 57 54 11 4
2015* 5,728 3,019 901 814 806 146 42 507 253 77 76 80 16 4
Monthly average
2014-Aug. 4,585 3,015 491 467 524 63 25 411 266 47 42 46 6 3
Sept. 5,173 3,199 712 559 547 97 59 458 279 67 48 51 8 5
Oct. 5,227 3,179 693 622 574 121 38 437 260 60 53 50 10 4
Nov. 5,184 2,728 609 961 594 220 72 436 227 50 79 55 20 5
Dec. 4,959 2,853 601 583 657 175 90 427 231 51 58 63 17 6
2015-Jan.* 5,728 3,019 901 814 806 146 42 507 253 77 76 80 16 4
Weekly (Friday) average
Jan. 2 3,169 1,945 451 348 374 33 17 294 164 39 38 47 3 2
Jan. 9 6,022 2,901 962 960 954 207 38 527 237 73 91 99 24 3
Jan. 16 6,227 3,393 889 1,057 705 156 26 540 272 82 101 71 12 2
Jan. 23 5,757 3,032 1,008 668 822 157 68 507 251 94 53 84 18 7
Jan. 30* 5,238 2,935 894 532 769 65 42 479 273 69 55 66 10 6
Daily
Jan. 23 4,790 2,872 654 451 578 197 38 433 258 57 37 51 23 7
Jan. 26 5,670 3,287 1,224 375 629 73 82 532 322 80 47 59 11 13
Jan. 27 4,763 2,774 542 665 660 57 65 402 238 42 56 50 14 2
Jan. 28 5,508 2,846 1,101 566 918 66 12 494 262 83 57 74 12 6
Jan. 29 5,010 2,836 710 521 869 64 10 488 270 71 59 82 5 1
* Data through January 29.

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
2013 1,406 497 86 49 100 133 541 72 26 3 2 6 6 29
2014 2,983 2,185 148 33 66 107 444 134 97 5 2 3 4 23
2015* 1,209 469 124 3 36 118 461 72 34 6 1 2 5 25
Monthly average
2014-Aug. 4,748 3,904 129 42 76 79 518 213 172 4 2 5 4 26
Sept. 4,469 3,690 206 39 68 119 348 173 139 7 2 3 4 18
Oct. 4,862 4,151 173 25 53 80 380 231 200 6 1 3 3 18
Nov. 1,485 857 36 19 60 123 391 83 50 1 1 3 6 22
Dec. 1,166 507 83 18 49 135 374 63 32 4 1 3 4 20
2015-Jan.* 1,209 469 124 3 36 118 461 72 34 6 1 2 5 25
Weekly (Friday) average
Jan. 2 871 232 6 4 19 122 489 46 24 0 1 1 4 15
Jan. 9 1,320 405 105 5 14 163 628 77 30 6 1 1 8 32
Jan. 16 1,201 520 126 2 85 120 348 77 36 6 1 3 6 25
Jan. 23 1,220 458 152 0 24 150 435 67 35 6 0 2 4 21
Jan. 30* 1,095 512 146 2 8 29 398 70 36 6 1 1 2 24
Daily
Jan. 23 874 544 0 0 11 18 300 55 29 0 0 2 1 23
Jan. 26 904 398 0 1 0 13 492 62 33 0 1 0 4 24
Jan. 27 969 483 25 0 31 42 387 73 37 1 0 5 2 28
Jan. 28 1,397 595 310 6 0 52 434 73 36 10 1 0 2 24
Jan. 29 1,110 572 249 1 0 9 278 70 37 12 1 0 2 18
* Data through January 29.

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
2013 11,175 6,208 943 269 1,998 619 1,138 431 248 33 10 70 25 46
2014 9,408 4,894 794 307 1,624 489 1,300 382 207 37 11 59 20 48
2015* 8,543 4,139 647 292 1,662 590 1,214 368 195 31 12 59 23 47
Monthly average
2014-Aug. 9,132 4,375 792 344 1,724 356 1,541 394 201 39 12 68 16 59
Sept. 8,473 3,668 791 548 1,866 471 1,129 371 184 40 16 67 20 45
Oct. 8,280 4,032 828 295 1,511 536 1,077 359 183 40 12 57 21 46
Nov. 10,463 5,144 946 447 1,563 679 1,684 423 213 43 17 57 27 66
Dec. 10,202 5,503 969 309 1,493 533 1,395 390 225 39 11 50 20 47
2015-Jan.* 8,543 4,139 647 292 1,662 590 1,214 368 195 31 12 59 23 47
Weekly (Friday) average
Jan. 2 8,388 3,509 1,343 287 1,568 283 1,398 331 171 47 10 47 9 47
Jan. 9 9,906 4,700 529 277 1,881 723 1,795 421 216 26 9 68 29 72
Jan. 16 9,836 4,659 610 352 2,243 854 1,120 416 218 30 18 74 33 42
Jan. 23 7,533 3,794 668 238 1,426 427 981 338 184 35 8 56 16 39
Jan. 30* 6,135 3,370 570 216 969 224 786 272 160 30 9 34 9 30
Daily
Jan. 23 6,558 3,470 993 301 783 473 538 312 178 51 13 30 17 23
Jan. 26 8,056 3,981 669 238 1,955 265 949 366 204 31 13 70 12 36
Jan. 27 4,100 1,916 704 268 917 75 220 201 104 39 9 25 5 19
Jan. 28 5,939 3,149 448 173 750 390 1,029 255 148 22 7 27 13 38
Jan. 29 6,445 4,434 460 184 256 166 946 267 183 29 8 12 7 28
* Data through January 29.

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
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 80,421 53,016 8,737 3,196 6,334 2,595 6,543 3,450 2,129 367 195 334 131 294
2015* 81,656 50,892 8,281 3,815 7,275 3,779 7,615 3,576 2,043 366 252 411 182 323
Monthly average
2014-Aug. 82,889 53,752 10,490 2,758 6,833 2,288 6,768 3,489 2,136 392 174 354 120 313
Sept. 84,330 54,910 8,930 3,715 7,316 2,746 6,714 3,604 2,210 401 198 368 131 296
Oct. 81,536 54,478 8,703 3,523 5,818 2,741 6,272 3,513 2,193 378 205 316 136 284
Nov. 91,847 61,892 9,409 4,392 5,878 3,322 6,954 3,788 2,336 395 254 318 163 321
Dec. 83,468 57,827 7,854 3,318 5,991 3,068 5,409 3,502 2,274 337 199 312 151 229
2015-Jan.* 81,656 50,892 8,281 3,815 7,275 3,779 7,615 3,576 2,043 366 252 411 182 323
Weekly (Friday) average
Jan. 2 60,780 39,406 6,307 2,161 5,258 2,427 5,220 2,660 1,680 284 149 262 97 188
Jan. 9 90,523 54,210 8,331 3,773 8,818 4,142 11,249 3,930 2,114 368 265 521 217 444
Jan. 16 85,757 54,836 7,492 4,843 7,604 4,155 6,827 3,753 2,164 345 325 417 203 298
Jan. 23 80,918 51,099 9,795 3,452 6,450 3,863 6,257 3,548 2,050 438 210 384 176 290
Jan. 30* 70,174 45,090 7,593 2,860 5,926 3,032 5,672 3,093 1,894 326 184 302 134 252
Daily
Jan. 23 70,500 45,957 10,203 3,215 4,386 2,316 4,423 3,211 1,941 418 203 295 118 236
Jan. 26 80,381 54,906 6,009 3,339 7,035 1,998 7,095 3,523 2,281 271 200 384 113 274
Jan. 27 63,249 41,467 8,768 2,389 4,206 2,138 4,280 2,647 1,654 308 133 222 107 223
Jan. 28 68,983 40,731 7,942 2,684 6,935 4,628 6,063 3,078 1,753 382 175 323 173 272
Jan. 29 68,081 43,258 7,654 3,026 5,528 3,364 5,251 3,123 1,890 342 230 279 143 239
* Data through January 29.

Footnotes

1. Millions of dollars.

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Last update: January 30, 2015