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 October 28, 2014Posted October 29, 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* 4,785 2,732 716 245 437 310 346 184 104 24 11 18 12 16
Monthly average
2014-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. 6,074 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.* 4,631 2,581 1,010 233 481 159 166 177 101 33 10 20 6 9
Weekly (Friday) average
Oct. 3 5,423 2,283 1,530 405 575 419 211 220 101 54 20 24 12 8
Oct. 10 4,378 3,129 364 74 618 73 121 172 121 12 3 25 3 8
Oct. 17 3,462 1,297 1,120 416 308 201 120 132 54 32 15 15 9 6
Oct. 24 4,892 2,771 1,259 135 357 268 103 189 108 42 6 15 9 8
Oct. 31* 5,800 3,949 603 241 541 120 345 186 134 14 10 14 3 11
Daily
Oct. 22 2,819 1,775 552 316 69 25 82 114 80 13 11 3 2 5
Oct. 23 3,370 1,436 654 58 828 212 183 141 60 23 2 35 8 13
Oct. 24 6,514 1,702 4,434 12 264 102 0 221 59 146 2 11 3 0
Oct. 27 6,444 4,688 395 128 753 190 290 209 158 8 4 22 5 12
Oct. 28 5,156 3,209 812 355 330 50 400 163 111 19 15 7 1 10
* Data through October 28.

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* 4,851 2,886 664 587 561 103 50 427 248 58 55 52 10 4
Monthly average
2014-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. 4,585 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.* 5,276 3,190 704 616 595 128 43 438 263 61 50 49 11 4
Weekly (Friday) average
Oct. 3 5,270 2,955 756 663 719 172 6 485 273 71 55 68 17 1
Oct. 10 4,553 2,868 711 501 342 64 67 392 250 54 41 35 6 7
Oct. 17 6,140 3,725 817 623 790 123 62 467 280 65 53 53 9 6
Oct. 24 5,252 3,292 608 641 558 114 39 436 264 59 53 47 10 3
Oct. 31* 4,635 3,127 434 546 353 156 18 400 268 39 44 30 15 4
Daily
Oct. 22 5,512 3,205 600 767 731 205 5 414 249 50 37 64 12 2
Oct. 23 4,970 2,812 730 610 592 62 164 463 260 62 69 60 4 8
Oct. 24 4,793 3,277 273 819 384 32 8 425 274 35 73 34 6 3
Oct. 27 4,730 3,405 412 449 284 153 26 408 289 33 38 30 14 4
Oct. 28 4,539 2,848 456 643 421 159 11 393 247 45 51 31 16 3
* Data through October 28.

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* 3,281 2,450 166 36 69 104 457 145 107 6 2 4 4 23
Monthly average
2014-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. 4,748 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.* 4,897 4,162 192 28 57 82 375 234 204 6 1 3 3 17
Weekly (Friday) average
Oct. 3 3,562 3,021 35 6 63 63 373 148 122 2 1 3 2 18
Oct. 10 4,757 3,887 258 6 80 85 441 238 199 9 1 6 4 18
Oct. 17 5,559 4,752 206 115 12 73 401 258 226 6 3 2 3 18
Oct. 24 4,436 3,731 248 3 50 64 340 227 200 7 1 2 2 16
Oct. 31* 5,934 5,441 62 0 53 106 271 272 250 2 0 4 5 12
Daily
Oct. 22 4,630 3,872 225 2 100 0 430 233 201 6 1 3 0 22
Oct. 23 5,528 5,074 25 0 5 266 158 335 317 1 0 1 7 9
Oct. 24 2,383 2,121 0 2 100 55 105 101 88 0 1 3 2 7
Oct. 27 4,900 4,659 0 0 20 160 62 208 193 0 0 1 6 8
Oct. 28 6,967 6,224 123 0 86 53 481 336 306 4 0 6 4 16
* Data through October 28.

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* 9,251 4,816 761 295 1,656 463 1,260 379 205 36 11 61 19 47
Monthly average
2014-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. 9,132 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.* 8,301 3,985 816 297 1,630 491 1,082 362 183 39 12 62 20 46
Weekly (Friday) average
Oct. 3 8,343 3,366 763 610 1,659 825 1,119 364 172 40 18 53 32 50
Oct. 10 7,453 3,754 673 283 1,247 441 1,056 335 170 37 12 54 19 44
Oct. 17 9,626 4,201 947 423 2,391 387 1,276 410 194 41 17 86 18 54
Oct. 24 8,451 4,287 962 302 1,531 304 1,065 360 196 42 12 58 13 40
Oct. 31* 7,960 4,486 284 272 1,772 234 911 325 188 16 10 62 8 40
Daily
Oct. 22 7,910 4,589 982 144 975 277 943 381 222 50 5 52 13 39
Oct. 23 7,936 4,156 818 456 1,226 411 869 345 191 43 18 42 14 37
Oct. 24 8,381 4,104 2,230 401 595 568 482 332 183 70 16 21 25 17
Oct. 27 8,889 4,738 264 262 2,123 125 1,377 369 206 12 8 82 3 58
Oct. 28 7,031 4,234 303 283 1,421 344 446 281 171 21 13 41 14 21
* Data through October 28.

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* 79,173 51,775 8,763 3,078 6,438 2,479 6,639 3,417 2,096 367 189 339 127 299
Monthly average
2014-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. 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.* 82,400 55,113 8,592 3,562 6,046 2,728 6,360 3,546 2,215 377 202 321 139 291
Weekly (Friday) average
Oct. 3 78,019 48,114 8,022 3,485 8,495 3,766 6,137 3,528 2,041 387 194 432 187 286
Oct. 10 81,816 56,215 7,543 3,120 5,683 2,135 7,119 3,497 2,240 335 193 312 113 304
Oct. 17 81,752 52,632 9,220 4,221 6,574 2,504 6,601 3,531 2,143 394 226 334 128 305
Oct. 24 81,631 55,847 9,410 3,410 5,043 2,569 5,352 3,487 2,241 392 195 270 128 261
Oct. 31* 82,672 59,425 5,322 3,849 5,708 2,386 5,982 3,468 2,336 270 194 286 124 258
Daily
Oct. 22 82,408 54,429 12,223 3,233 3,846 2,674 6,004 3,483 2,148 473 188 248 141 285
Oct. 23 79,240 53,335 9,118 4,038 4,836 1,960 5,953 3,523 2,254 396 223 271 110 269
Oct. 24 78,669 55,683 10,141 4,259 3,968 2,014 2,605 3,185 2,146 373 226 217 97 126
Oct. 27 79,188 59,329 2,777 2,562 6,339 2,595 5,586 3,314 2,291 183 153 316 128 243
Oct. 28 86,156 59,522 7,867 5,136 5,078 2,177 6,378 3,622 2,381 356 235 257 120 273
* Data through October 28.

Footnotes

1. Millions of dollars.

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Last update: October 29, 2014