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 22, 2014Posted April 23, 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* 2,836 1,240 392 214 377 352 262 123 56 14 10 17 13 13
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.* 2,563 1,137 440 282 230 255 219 116 59 16 10 12 9 10
Weekly (Friday) average
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 2,617 1,062 681 264 240 207 164 112 53 24 9 10 9 8
Apr. 25* 2,425 1,206 526 106 215 190 183 118 70 18 6 10 6 8
Daily
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
Apr. 18 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Apr. 21 2,718 1,280 592 105 350 220 171 126 71 20 3 16 6 10
Apr. 22 2,131 1,131 459 106 80 160 194 110 70 15 8 5 5 7
* Data through April 22.

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* 4,506 2,543 748 512 517 119 68 405 223 64 50 51 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.* 4,573 2,627 659 616 536 109 26 401 220 62 59 49 10 2
Weekly (Friday) average
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 3,664 2,084 674 443 345 100 18 330 172 65 48 36 8 1
Apr. 25* 4,957 2,931 743 639 472 171 1 436 252 66 58 46 12 0
Daily
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
Apr. 18 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Apr. 21 4,648 3,148 476 353 531 140 0 433 302 38 31 57 5 0
Apr. 22 5,265 2,714 1,009 925 413 202 3 438 203 95 84 35 20 1
* Data through April 22.

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* 2,140 1,314 105 33 53 124 510 98 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.* 2,356 1,455 115 53 74 103 556 100 60 4 3 3 5 25
Weekly (Friday) average
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 1,993 1,134 168 65 63 36 527 84 46 7 2 3 3 24
Apr. 25* 2,318 1,801 16 22 58 97 323 101 78 1 2 4 5 12
Daily
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
Apr. 18 100 100 0 0 0 0 0 2 2 0 0 0 0 0
Apr. 21 2,068 1,337 0 35 40 160 496 86 59 0 2 2 6 17
Apr. 22 2,569 2,264 33 10 77 35 150 116 97 2 1 5 4 7
* Data through April 22.

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* 9,795 5,470 684 194 1,631 478 1,338 390 223 32 9 60 19 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.* 8,232 4,414 606 143 1,451 456 1,161 340 190 30 6 54 18 42
Weekly (Friday) average
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 7,902 3,935 720 154 1,721 422 949 326 172 33 7 64 15 36
Apr. 25* 10,047 4,369 374 80 2,854 517 1,854 404 194 22 2 104 18 64
Daily
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
Apr. 18 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Apr. 21 7,021 3,793 334 0 1,219 324 1,350 295 172 23 0 51 12 37
Apr. 22 13,074 4,944 413 160 4,489 710 2,358 514 216 20 5 156 25 92
* Data through April 22.

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* 75,121 48,478 7,980 2,871 6,094 2,547 7,151 3,283 1,979 343 184 323 131 323
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.* 67,793 42,356 7,826 3,031 5,592 2,418 6,571 3,039 1,807 340 185 289 122 296
Weekly (Friday) average
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 57,207 33,952 8,212 2,535 4,731 1,975 5,801 2,588 1,490 350 158 234 99 256
Apr. 25* 74,106 46,066 9,633 3,330 6,022 2,403 6,651 3,271 2,000 395 166 292 146 272
Daily
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
Apr. 18 1,392 968 0 0 424 0 0 29 20 0 0 9 0 0
Apr. 21 62,607 45,821 4,629 1,787 4,377 1,470 4,524 2,841 2,003 246 103 238 71 180
Apr. 22 85,604 46,311 14,638 4,873 7,668 3,337 8,778 3,701 1,996 544 230 346 221 364
* Data through April 22.

Footnotes

1. Millions of dollars.

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Last update: April 23, 2014