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 April 17, 2014Posted April 18, 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* 2,885 1,257 394 220 386 361 268 125 56 14 10 18 14 14
Monthly average
2013-Nov. 1,762 470 174 379 489 156 94 74 22 7 15 20 7 4
Dec. 2,544 1,095 364 289 311 167 319 115 48 14 13 16 8 16
2014-Jan. 2,281 954 223 167 477 310 149 102 41 9 11 22 12 8
Feb. 2,835 1,071 414 162 535 325 328 127 50 15 8 24 13 17
Mar. 3,600 1,757 505 256 244 490 347 145 72 17 10 10 18 17
Apr.* 2,781 1,213 460 331 250 285 242 125 62 17 12 13 10 12
Weekly (Friday) average
Mar. 21 4,136 1,628 673 296 479 605 455 160 67 20 12 18 23 20
Mar. 28 4,467 2,908 215 335 242 538 231 172 103 10 14 11 21 12
Apr. 4 3,228 1,327 775 278 355 196 298 137 65 28 10 14 7 13
Apr. 11 2,430 1,049 198 390 175 430 188 116 58 7 13 15 13 10
Apr. 18* 3,271 1,327 851 330 300 258 205 140 67 30 11 12 11 10
Daily
Apr. 11 2,806 1,577 135 659 159 200 75 129 80 5 22 8 7 7
Apr. 14 3,619 1,894 481 220 430 325 269 156 89 14 11 17 13 12
Apr. 15 3,044 1,012 1,325 179 424 100 4 129 61 42 8 15 2 1
Apr. 16 3,122 939 845 432 198 463 245 121 44 29 11 8 22 7
Apr. 17 3,300 1,463 752 489 148 145 303 153 73 34 13 8 6 19
* Data through April 17.

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* 4,555 2,567 758 515 525 119 70 409 225 65 50 52 12 5
Monthly average
2013-Nov. 3,187 1,368 619 542 475 119 64 321 136 60 54 53 13 5
Dec. 3,011 1,645 495 316 450 58 48 288 150 44 34 51 6 3
2014-Jan. 4,066 2,007 767 567 548 107 69 381 189 62 56 60 11 5
Feb. 4,948 2,927 787 498 512 141 83 424 246 63 47 48 13 7
Mar. 4,496 2,667 762 390 475 118 85 413 238 70 40 47 12 6
Apr.* 4,865 2,782 697 659 587 108 32 427 232 65 64 53 10 3
Weekly (Friday) average
Mar. 21 4,332 2,639 834 341 369 131 19 396 227 82 31 40 13 3
Mar. 28 5,036 3,346 707 266 508 86 123 457 292 62 35 49 9 10
Apr. 4 5,470 3,140 795 595 794 112 33 465 254 72 52 75 10 3
Apr. 11 4,458 2,550 506 749 528 92 32 403 229 48 70 43 10 3
Apr. 18* 4,580 2,605 843 554 431 125 23 412 215 81 60 45 10 1
Daily
Apr. 11 5,197 2,878 302 1,215 734 0 67 449 254 22 107 58 0 8
Apr. 14 4,117 2,246 957 556 332 27 0 381 195 90 54 39 3 0
Apr. 15 4,445 2,743 876 266 462 87 11 379 202 87 33 42 13 2
Apr. 16 4,542 2,172 1,063 511 474 242 80 420 207 89 49 56 16 3
Apr. 17 5,217 3,258 474 883 456 145 0 468 255 57 102 44 10 0
* Data through April 17.

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* 2,162 1,317 109 34 54 127 522 99 58 4 2 3 6 26
Monthly average
2013-Nov. 1,794 924 142 43 73 83 528 95 52 5 1 5 4 27
Dec. 1,843 869 25 9 67 243 630 94 48 1 0 3 10 30
2014-Jan. 2,150 1,176 83 19 32 133 707 104 62 4 1 2 6 30
Feb. 2,124 1,229 144 46 45 173 486 102 52 5 2 3 8 32
Mar. 1,979 1,421 85 22 67 87 298 87 57 3 1 4 4 17
Apr.* 2,536 1,506 139 62 82 112 635 107 61 5 3 4 6 29
Weekly (Friday) average
Mar. 21 1,840 1,255 157 32 63 85 250 82 53 5 1 5 4 14
Mar. 28 2,225 1,743 29 15 87 129 222 93 64 2 2 4 5 16
Apr. 4 2,328 1,210 151 94 149 99 625 103 51 5 5 5 5 33
Apr. 11 2,559 1,702 81 1 23 183 570 105 68 2 1 2 8 24
Apr. 18* 2,466 1,392 210 81 79 44 658 105 57 9 3 4 3 30
Daily
Apr. 11 2,255 1,545 0 0 8 376 326 85 58 0 0 3 9 15
Apr. 14 2,349 1,707 35 40 0 16 552 102 63 3 1 0 7 28
Apr. 15 3,005 1,367 200 80 153 108 1,097 112 56 7 4 6 4 35
Apr. 16 2,429 1,198 526 50 161 54 440 114 53 21 1 7 2 30
Apr. 17 2,082 1,298 80 156 3 0 546 92 56 5 5 1 0 25
* Data through April 17.

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* 9,921 5,573 701 200 1,620 484 1,342 395 227 32 9 59 20 48
Monthly average
2013-Nov. 10,556 5,054 1,238 266 2,160 674 1,164 420 209 47 11 73 29 51
Dec. 11,539 5,906 1,594 467 1,280 706 1,586 433 241 50 16 45 25 57
2014-Jan. 9,921 5,864 853 153 1,533 513 1,006 401 242 33 7 58 21 40
Feb. 10,711 5,959 647 240 1,849 399 1,618 415 231 32 11 67 18 58
Mar. 10,032 5,438 606 233 1,671 533 1,551 396 222 31 10 60 20 52
Apr.* 8,586 4,760 689 164 1,347 482 1,144 356 204 34 7 51 19 42
Weekly (Friday) average
Mar. 21 10,470 5,240 539 182 2,565 610 1,335 409 213 28 8 90 21 48
Mar. 28 10,013 5,158 593 325 1,794 440 1,703 383 213 32 11 60 19 47
Apr. 4 7,165 4,361 592 122 774 532 783 305 186 32 5 31 23 29
Apr. 11 8,695 4,880 538 207 1,201 331 1,539 358 210 29 9 46 13 52
Apr. 18* 9,878 4,919 901 193 2,152 528 1,186 408 215 41 8 80 19 44
Daily
Apr. 11 12,159 4,971 704 703 1,468 498 3,815 448 213 45 25 47 14 104
Apr. 14 9,744 5,047 221 414 2,523 447 1,093 381 216 12 19 85 17 32
Apr. 15 9,945 5,018 308 150 2,744 536 1,190 402 217 14 5 104 18 44
Apr. 16 9,511 4,899 734 132 1,169 944 1,634 419 227 36 3 57 31 65
Apr. 17 10,310 4,711 2,340 76 2,171 186 827 428 199 101 6 75 10 37
* Data through April 17.

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* 76,145 49,186 8,043 2,897 6,173 2,586 7,261 3,327 2,005 346 187 328 133 328
Monthly average
2013-Nov. 84,474 56,299 9,569 3,797 5,763 2,601 6,445 3,533 2,153 392 219 321 141 308
Dec. 83,484 56,453 8,631 3,293 5,816 2,807 6,483 3,408 2,165 336 180 308 135 285
2014-Jan. 75,028 46,903 8,898 2,890 6,613 2,642 7,081 3,349 1,968 362 196 363 140 321
Feb. 81,100 53,828 7,842 2,859 6,737 2,461 7,373 3,437 2,087 336 184 349 130 352
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.* 71,929 44,969 8,150 3,218 5,923 2,606 7,064 3,235 1,915 358 203 310 127 323
Weekly (Friday) average
Mar. 21 75,333 49,082 8,479 2,403 5,920 2,621 6,827 3,233 2,011 362 153 280 135 292
Mar. 28 79,199 55,836 5,202 2,758 5,411 2,686 7,306 3,371 2,204 287 154 294 130 303
Apr. 4 68,868 42,093 8,023 2,974 6,064 3,020 6,693 3,164 1,804 365 184 340 148 322
Apr. 11 70,401 45,885 6,340 3,309 5,675 2,355 6,837 3,159 1,950 281 212 295 112 308
Apr. 18* 71,160 42,198 10,265 3,169 5,808 2,469 7,252 3,228 1,858 438 198 290 124 320
Daily
Apr. 11 72,344 46,162 4,300 5,763 5,371 1,953 8,795 3,231 1,989 179 357 260 78 368
Apr. 14 66,415 45,103 3,977 2,488 6,132 2,192 6,524 3,067 1,945 244 153 299 118 308
Apr. 15 79,698 43,343 16,426 2,874 6,339 2,448 8,268 3,472 1,889 558 209 341 121 354
Apr. 16 65,710 40,109 7,734 3,601 4,127 3,192 6,947 3,043 1,788 385 173 229 148 320
Apr. 17 72,817 40,238 12,920 3,713 6,633 2,044 7,268 3,328 1,809 564 256 293 109 297
* Data through April 17.

Footnotes

1. Millions of dollars.

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Last update: April 18, 2014