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 21, 2014Posted October 22, 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* 4,784 2,736 700 247 436 315 350 184 104 23 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.* 4,548 2,588 882 255 493 174 157 180 103 29 11 21 7 9
Weekly (Friday) average
Sept. 26 6,420 4,946 205 228 565 136 340 231 174 9 8 22 4 16
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* 5,877 4,470 328 144 311 500 124 234 170 14 8 14 17 11
Daily
Oct. 15 3,471 1,319 563 665 325 248 351 151 57 19 24 25 14 12
Oct. 16 2,220 1,235 40 280 381 231 53 89 55 1 7 17 7 2
Oct. 17 5,364 1,225 3,444 157 415 73 50 164 44 92 5 13 3 7
Oct. 20 6,587 4,951 0 225 432 979 0 242 180 0 10 20 32 0
Oct. 21 5,167 3,989 656 64 191 20 248 227 160 28 7 8 2 22
* Data through October 21.

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* 4,849 2,880 669 585 563 102 50 427 248 59 55 53 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.* 5,407 3,219 779 601 635 130 43 444 263 66 49 51 11 4
Weekly (Friday) average
Sept. 26 5,470 3,458 818 435 526 170 62 494 303 80 38 61 8 5
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* 5,492 3,583 718 504 541 135 9 440 269 74 44 40 13 1
Daily
Oct. 15 6,491 3,920 1,040 633 796 26 75 485 299 67 59 48 4 8
Oct. 16 6,172 3,702 999 618 502 208 144 483 262 102 60 37 7 15
Oct. 17 6,126 4,046 312 816 900 52 0 445 302 26 57 56 4 0
Oct. 20 5,522 3,781 593 383 541 206 18 417 276 49 35 35 20 2
Oct. 21 5,461 3,386 844 626 541 65 0 463 262 98 53 44 6 0
* Data through October 21.

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* 3,242 2,403 168 37 69 103 462 143 104 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.* 4,902 4,081 234 38 55 74 421 232 197 8 2 4 3 18
Weekly (Friday) average
Sept. 26 3,860 3,339 47 2 38 108 327 133 109 3 1 2 3 15
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* 4,819 3,795 494 4 24 0 502 234 197 14 1 2 0 21
Daily
Oct. 15 5,582 5,203 25 100 0 115 139 256 238 2 2 0 3 11
Oct. 16 6,207 4,936 50 200 31 1 990 275 219 2 4 7 3 40
Oct. 17 4,853 4,115 50 155 13 176 344 227 196 1 5 2 5 18
Oct. 20 4,797 3,725 413 8 0 0 651 235 195 11 2 0 0 27
Oct. 21 4,842 3,865 575 0 48 0 354 233 199 16 0 3 0 15
* Data through October 21.

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* 9,281 4,827 757 295 1,665 466 1,271 380 206 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.* 8,397 3,849 779 293 1,760 544 1,174 369 179 39 12 67 23 50
Weekly (Friday) average
Sept. 26 7,593 3,400 737 139 2,100 417 800 335 169 40 6 74 19 26
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* 9,014 4,293 390 254 2,430 131 1,516 371 192 22 10 88 6 52
Daily
Oct. 15 11,799 4,193 1,312 565 4,340 235 1,153 467 190 46 20 145 10 56
Oct. 16 8,735 3,968 814 474 1,614 246 1,619 424 189 45 21 67 19 83
Oct. 17 8,184 3,991 1,166 176 1,567 377 907 362 193 48 10 57 18 36
Oct. 20 10,990 4,269 315 237 3,877 103 2,190 436 187 18 9 140 5 77
Oct. 21 7,038 4,317 465 272 983 159 841 306 196 27 11 37 7 28
* Data through October 21.

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* 79,124 51,660 8,771 3,059 6,478 2,484 6,672 3,417 2,093 367 189 341 127 301
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.* 82,853 54,632 8,651 3,461 6,486 2,886 6,736 3,588 2,205 385 201 342 146 310
Weekly (Friday) average
Sept. 26 89,104 61,182 7,366 2,644 7,411 3,271 7,231 3,739 2,393 371 150 380 138 306
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* 83,920 57,896 7,784 2,759 6,282 3,099 6,100 3,621 2,328 358 169 306 146 314
Daily
Oct. 15 91,268 53,059 11,642 5,291 9,216 3,580 8,479 3,842 2,174 458 254 404 177 375
Oct. 16 75,116 49,231 8,172 3,758 4,532 2,083 7,339 3,396 2,036 404 206 284 114 352
Oct. 17 80,258 53,368 9,806 4,136 5,548 2,249 5,152 3,391 2,174 349 247 267 100 254
Oct. 20 85,718 59,493 4,978 2,704 7,794 4,089 6,660 3,669 2,424 262 153 349 184 297
Oct. 21 82,121 56,298 10,590 2,815 4,770 2,109 5,539 3,573 2,233 455 185 263 107 330
* Data through October 21.

Footnotes

1. Millions of dollars.

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Last update: October 22, 2014