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 27, 2015Posted April 28, 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* 4,400 2,508 572 362 515 199 244 176 102 19 15 22 8 10
Monthly average
2014-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. 4,944 3,033 240 416 660 351 243 194 114 8 19 27 14 11
Feb. 4,805 2,869 580 285 597 158 316 188 108 20 14 26 7 14
Mar. 4,256 2,403 829 423 401 67 133 179 108 29 16 17 3 5
Apr.* 3,589 1,715 615 311 412 232 303 143 76 17 12 16 8 13
Weekly (Friday) average
Apr. 3 2,593 1,113 200 341 624 177 137 109 53 9 12 24 6 5
Apr. 10 3,929 2,045 331 430 391 355 377 158 82 9 16 21 12 20
Apr. 17 3,423 1,361 1,009 245 370 148 289 148 75 26 11 17 6 13
Apr. 24 3,530 1,522 806 264 444 216 279 135 73 23 9 13 8 9
May 1* 5,079 4,223 250 141 7 53 405 176 139 7 6 3 5 16
Daily
Apr. 21 3,222 1,358 563 344 493 74 388 122 63 17 9 14 3 16
Apr. 22 3,470 1,334 1,067 204 457 242 165 138 61 38 10 17 8 4
Apr. 23 3,803 1,242 959 241 855 136 370 130 64 23 9 19 6 9
Apr. 24 3,533 1,802 1,260 76 30 213 151 149 92 34 3 2 9 9
Apr. 27 5,079 4,223 250 141 7 53 405 176 139 7 6 3 5 16
* Data through April 27.

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* 5,680 3,160 798 717 787 164 53 510 269 66 76 80 16 4
Monthly average
2014-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. 5,727 3,039 889 810 806 143 40 507 256 76 75 80 15 4
Feb. 6,088 3,494 961 824 596 134 79 521 283 68 89 62 13 6
Mar. 6,007 3,545 804 598 841 187 33 546 306 70 68 85 15 2
Apr.* 4,845 2,508 535 651 896 188 67 463 224 48 75 91 19 5
Weekly (Friday) average
Apr. 3 4,697 2,220 581 691 1,038 118 49 455 199 49 89 102 12 5
Apr. 10 4,711 2,162 350 658 1,288 203 50 465 209 33 75 127 17 4
Apr. 17 4,607 2,669 491 738 475 166 68 465 252 44 85 62 17 6
Apr. 24 5,039 2,865 727 487 672 206 81 459 236 68 61 64 25 5
May 1* 5,972 3,311 573 835 891 273 89 523 270 55 85 78 28 7
Daily
Apr. 21 4,741 2,758 646 533 607 97 101 454 230 68 68 70 14 4
Apr. 22 4,916 2,559 1,110 380 723 71 73 475 235 91 47 85 12 5
Apr. 23 4,658 2,770 540 493 558 238 59 412 227 57 55 35 34 4
Apr. 24 4,630 2,695 559 543 403 279 151 402 203 42 84 28 34 11
Apr. 27 5,972 3,311 573 835 891 273 89 523 270 55 85 78 28 7
* Data through April 27.

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* 1,065 454 141 19 33 84 335 65 33 6 1 2 4 19
Monthly average
2014-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. 1,185 473 119 3 34 113 443 71 34 5 1 2 5 25
Feb. 1,116 489 125 6 18 87 391 65 32 6 1 2 3 21
Mar. 945 456 124 17 41 72 235 64 34 6 1 4 4 15
Apr.* 1,024 394 202 49 37 62 281 59 30 8 3 2 3 14
Weekly (Friday) average
Apr. 3 693 282 147 31 6 3 223 42 20 7 2 1 2 10
Apr. 10 1,035 476 164 41 6 117 231 69 38 8 5 1 4 13
Apr. 17 1,118 313 328 67 37 61 312 62 31 11 3 2 2 14
Apr. 24 964 456 69 51 63 53 272 54 30 2 2 3 3 14
May 1* 953 255 300 0 153 0 245 48 23 6 0 7 0 12
Daily
Apr. 21 1,220 809 0 0 0 0 411 48 37 0 0 0 0 11
Apr. 22 1,382 586 50 250 133 170 192 77 37 2 8 7 7 16
Apr. 23 894 249 35 0 75 27 508 55 23 2 0 2 3 25
Apr. 24 459 349 11 4 77 0 17 39 25 2 3 4 0 5
Apr. 27 953 255 300 0 153 0 245 48 23 6 0 7 0 12
* Data through April 27.

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* 8,890 4,590 716 346 1,500 547 1,192 371 206 33 13 53 21 44
Monthly average
2014-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. 8,581 4,101 687 298 1,638 567 1,289 368 194 33 12 58 22 49
Feb. 10,020 5,103 791 375 1,611 489 1,652 412 226 37 15 56 19 58
Mar. 9,074 4,698 851 400 1,449 564 1,113 370 206 37 14 50 21 41
Apr.* 7,872 4,466 514 304 1,304 564 720 332 196 25 12 48 21 29
Weekly (Friday) average
Apr. 3 4,776 2,390 691 230 817 227 420 222 128 26 9 25 11 23
Apr. 10 8,057 4,235 486 338 1,126 736 1,135 347 202 24 11 38 29 42
Apr. 17 8,642 5,043 430 353 1,610 454 751 385 232 26 15 64 20 27
Apr. 24 8,608 5,265 530 270 1,498 655 389 335 204 26 10 56 20 19
May 1* 10,244 5,873 271 330 2,079 478 1,212 373 225 19 17 70 13 29
Daily
Apr. 21 8,433 5,435 449 368 1,111 800 270 306 193 18 16 42 22 15
Apr. 22 6,545 4,826 242 122 386 707 262 269 201 16 5 14 21 12
Apr. 23 7,547 5,086 323 169 1,271 263 435 310 199 18 8 49 10 26
Apr. 24 9,743 5,197 1,194 357 1,618 868 509 373 196 53 14 61 22 27
Apr. 27 10,244 5,873 271 330 2,079 478 1,212 373 225 19 17 70 13 29
* Data through April 27.

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* 77,613 49,029 8,530 3,752 6,654 2,900 6,747 3,433 2,003 363 249 377 148 294
Monthly average
2014-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. 80,779 50,071 8,372 3,847 7,219 3,696 7,573 3,554 2,023 369 253 407 179 322
Feb. 82,508 52,158 9,107 4,075 6,720 2,546 7,903 3,596 2,104 382 276 366 128 340
Mar. 75,993 49,543 8,223 3,551 6,366 2,622 5,689 3,426 2,067 364 232 365 140 258
Apr.* 71,262 44,210 8,476 3,563 6,329 2,739 5,946 3,151 1,805 336 236 373 143 258
Weekly (Friday) average
Apr. 3 51,673 28,696 7,734 3,279 5,893 1,796 4,274 2,572 1,347 324 232 350 108 211
Apr. 10 70,656 42,752 7,797 3,975 6,594 2,994 6,544 3,286 1,836 317 267 422 147 298
Apr. 17 73,859 47,473 8,536 3,421 5,989 2,841 5,600 3,324 1,983 336 229 361 154 262
Apr. 24 79,315 52,025 8,144 3,138 6,652 2,907 6,449 3,204 1,933 338 204 346 143 239
May 1* 83,254 56,322 7,041 3,602 7,469 2,096 6,724 3,396 2,118 291 240 370 124 253
Daily
Apr. 21 75,813 50,800 7,140 3,030 6,319 2,529 5,995 3,013 1,876 314 193 315 120 195
Apr. 22 82,732 51,373 10,280 3,487 7,251 3,603 6,738 3,386 1,941 409 235 394 167 240
Apr. 23 76,976 52,995 8,645 2,753 5,729 1,618 5,235 3,137 1,974 341 179 294 111 238
Apr. 24 78,442 53,358 7,585 3,338 5,853 3,392 4,916 3,126 1,920 302 249 285 161 209
Apr. 27 83,254 56,322 7,041 3,602 7,469 2,096 6,724 3,396 2,118 291 240 370 124 253
* Data through April 27.

Footnotes

1. Millions of dollars.

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Last update: April 28, 2015