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 November 25, 2014Posted November 26, 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* 4,864 2,813 711 250 443 307 340 186 106 23 11 19 12 16
Monthly average
2014-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. 4,366 2,397 946 232 448 172 172 169 95 31 10 18 7 9
Nov.* 6,286 4,153 676 317 560 285 294 227 144 22 12 22 12 14
Weekly (Friday) average
Oct. 31 3,934 2,318 565 229 359 201 263 142 87 16 10 12 7 10
Nov. 7 7,503 4,741 1,290 160 647 439 226 275 167 42 7 27 19 13
Nov. 14 4,210 2,606 411 187 431 188 387 150 91 13 6 18 8 15
Nov. 21 7,506 5,316 312 574 657 317 330 262 175 9 22 26 14 16
Nov. 28* 4,343 2,873 584 326 361 14 185 172 116 20 12 12 2 10
Daily
Nov. 19 6,331 3,744 569 863 607 266 282 248 144 18 29 23 13 21
Nov. 20 4,043 1,558 0 891 788 536 270 168 57 0 41 31 24 15
Nov. 21 9,506 7,663 40 578 903 322 0 309 253 1 14 32 9 0
Nov. 24 5,587 4,334 311 245 696 0 0 215 170 14 15 16 0 0
Nov. 25 3,099 1,411 856 407 26 29 370 128 61 25 10 8 4 20
* Data through November 25.

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* 4,902 2,895 659 620 566 111 52 430 248 57 57 53 11 4
Monthly average
2014-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. 5,227 3,179 693 622 574 121 38 437 260 60 53 50 10 4
Nov.* 5,571 2,974 590 1,041 659 227 81 464 246 45 86 61 21 5
Weekly (Friday) average
Oct. 31 4,805 3,114 549 616 405 108 13 419 251 49 60 46 10 3
Nov. 7 5,546 3,079 551 966 719 203 28 486 264 46 92 64 18 2
Nov. 14 5,552 3,132 721 866 654 116 64 440 248 48 64 60 13 8
Nov. 21 5,765 2,938 396 1,218 726 335 151 475 242 30 96 69 31 7
Nov. 28* 5,186 2,481 910 1,133 350 243 68 430 206 78 90 33 16 6
Daily
Nov. 19 5,801 2,766 673 1,461 358 510 33 449 204 46 111 38 49 1
Nov. 20 6,731 2,570 493 1,718 1,100 350 500 523 215 36 121 110 31 10
Nov. 21 5,150 2,919 105 1,075 648 278 126 455 260 13 87 62 25 8
Nov. 24 4,846 2,697 534 968 235 276 137 417 236 46 69 29 24 13
Nov. 25 5,526 2,265 1,286 1,299 464 211 0 442 176 109 112 37 8 0
* Data through November 25.

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* 3,179 2,364 155 34 68 105 453 142 104 5 2 4 4 23
Monthly average
2014-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. 4,862 4,151 173 25 53 80 380 231 200 6 1 3 3 18
Nov.* 1,573 917 32 21 66 126 411 86 52 1 1 3 6 24
Weekly (Friday) average
Oct. 31 5,158 4,626 55 4 41 79 354 234 205 2 1 2 3 20
Nov. 7 2,413 1,561 50 67 148 115 472 120 84 2 3 5 5 23
Nov. 14 1,120 571 25 0 1 146 377 56 28 1 0 1 5 22
Nov. 21 1,258 668 10 0 57 114 408 75 42 1 0 3 5 24
Nov. 28* 1,171 623 55 1 12 143 337 86 46 2 0 1 10 26
Daily
Nov. 19 1,294 826 25 0 0 115 328 70 42 2 0 0 3 23
Nov. 20 1,663 536 25 0 50 133 919 102 46 1 0 1 6 48
Nov. 21 1,120 631 2 1 195 219 73 68 41 1 1 8 7 10
Nov. 24 1,095 677 0 2 0 102 314 87 48 0 1 0 11 27
Nov. 25 1,246 569 110 0 24 184 360 84 44 3 0 2 10 25
* Data through November 25.

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* 9,358 4,854 766 307 1,644 487 1,299 383 207 36 11 61 20 49
Monthly average
2014-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. 8,280 4,032 828 295 1,511 536 1,077 359 183 40 12 57 21 46
Nov.* 10,967 5,453 802 465 1,652 741 1,854 443 225 38 18 60 29 72
Weekly (Friday) average
Oct. 31 8,072 4,394 658 281 1,161 585 993 334 187 34 12 41 18 42
Nov. 7 10,889 5,352 701 298 1,585 1,018 1,935 456 222 35 14 58 40 86
Nov. 14 11,230 5,354 1,009 414 1,428 709 2,316 460 224 45 16 62 30 84
Nov. 21 11,330 5,603 713 697 2,245 495 1,577 438 230 32 24 74 19 59
Nov. 28* 9,730 5,532 864 405 781 726 1,422 384 222 43 18 32 25 44
Daily
Nov. 19 8,915 5,265 715 106 1,130 370 1,328 366 220 33 5 40 14 54
Nov. 20 11,492 5,916 511 895 2,439 191 1,541 475 243 35 30 98 15 54
Nov. 21 14,153 6,084 814 2,073 3,127 1,087 969 491 246 26 64 70 36 49
Nov. 24 9,518 5,792 633 488 352 753 1,499 375 227 37 20 15 30 46
Nov. 25 9,943 5,271 1,095 323 1,210 699 1,346 394 217 49 17 48 20 43
* Data through November 25.

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* 80,336 52,720 8,784 3,198 6,399 2,560 6,674 3,456 2,123 368 196 338 130 301
Monthly average
2014-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. 81,536 54,478 8,703 3,523 5,818 2,741 6,272 3,513 2,193 378 205 316 136 284
Nov.* 96,268 65,425 8,942 4,744 6,275 3,568 7,314 3,980 2,480 370 274 343 173 340
Weekly (Friday) average
Oct. 31 78,706 54,048 7,773 3,506 4,907 2,651 5,822 3,369 2,167 336 212 285 120 249
Nov. 7 95,268 64,473 8,351 3,979 7,100 4,283 7,083 3,990 2,463 339 267 381 188 352
Nov. 14 96,700 64,948 10,952 3,917 6,036 3,046 7,801 3,907 2,377 446 223 358 154 349
Nov. 21 99,122 69,482 6,647 6,323 6,244 3,574 6,853 4,085 2,651 279 322 334 184 317
Nov. 28* 90,765 58,616 12,134 4,365 4,769 2,807 8,074 3,839 2,304 525 274 238 148 350
Daily
Nov. 19 93,444 63,811 11,123 5,876 4,114 3,473 5,047 3,965 2,529 454 295 245 188 254
Nov. 20 96,434 65,755 5,550 8,418 6,444 2,771 7,496 4,081 2,523 250 407 389 173 339
Nov. 21 106,140 73,927 4,083 11,134 7,438 3,992 5,566 4,221 2,812 149 470 313 196 281
Nov. 24 93,242 63,135 12,747 3,593 4,418 2,975 6,373 3,911 2,494 511 209 205 167 325
Nov. 25 88,288 54,096 11,521 5,138 5,120 2,639 9,775 3,767 2,114 539 340 270 128 376
* Data through November 25.

Footnotes

1. Millions of dollars.

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Last update: November 26, 2014