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 May 24, 2012Posted May 25, 2012

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
2010 4,857 3,552 282 335 347 221 120 172 102 14 18 20 11 6
2011 4,986 2,987 490 420 544 352 192 165 85 16 18 24 14 8
2012* 5,166 2,927 439 415 745 345 295 164 89 14 16 25 11 9
Monthly average
2011-Dec. 4,609 2,762 390 597 510 115 236 158 91 15 24 17 4 7
2012-Jan. 5,029 2,232 578 465 1,022 352 379 167 72 19 17 35 13 11
Feb. 4,803 2,948 333 448 574 243 257 153 90 11 17 21 8 7
Mar. 4,944 3,137 432 480 487 200 208 152 92 14 17 16 6 7
Apr. 6,330 3,798 539 395 768 578 251 195 109 17 16 27 19 8
May* 4,637 2,402 295 268 916 353 402 153 79 11 11 28 12 12
Weekly (Friday) average
Apr. 27 4,647 2,360 448 486 735 376 243 166 78 16 19 29 16 9
May 4 4,126 2,224 124 321 686 405 366 141 73 7 12 22 15 11
May 11 4,830 2,297 217 277 1,213 469 357 154 74 10 11 32 16 11
May 18 5,029 2,555 298 308 951 336 581 165 87 12 11 30 9 16
May 25* 4,335 2,392 588 213 706 195 241 148 78 18 12 24 8 8
Daily
May 18 3,589 2,466 8 236 588 111 180 134 89 1 12 21 4 7
May 21 3,573 2,820 177 97 286 8 184 131 88 9 13 13 1 7
May 22 4,909 2,130 791 231 1,183 262 312 156 68 24 10 36 9 9
May 23 4,344 2,118 884 342 524 373 102 157 75 23 14 22 18 5
May 24 4,516 2,500 499 182 831 137 367 148 82 15 11 23 6 11
* Data through May 24.

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
2010 2,673 1,968 233 231 184 46 11 191 134 18 18 16 4 1
2011 4,393 2,858 492 451 432 129 32 227 147 23 23 25 7 2
2012* 5,401 3,388 643 572 622 134 41 257 152 29 30 35 8 2
Monthly average
2011-Dec. 4,972 3,220 560 422 573 170 27 213 128 25 21 29 9 2
2012-Jan. 5,866 3,751 771 588 566 161 29 260 154 34 31 30 10 1
Feb. 5,255 3,168 647 605 641 123 71 257 147 28 32 38 7 4
Mar. 5,512 3,647 618 556 530 104 56 264 166 28 30 31 7 3
Apr. 5,249 3,223 622 598 628 151 27 254 148 28 31 36 9 1
May* 5,089 3,105 552 508 769 134 21 247 143 26 28 40 9 1
Weekly (Friday) average
Apr. 27 4,917 2,985 605 536 619 151 22 243 145 25 27 36 9 1
May 4 5,242 2,972 529 620 939 158 24 264 146 25 34 50 9 1
May 11 5,045 3,328 483 475 584 156 19 241 151 23 24 32 10 1
May 18 5,325 3,273 589 516 814 110 23 249 146 25 28 41 8 1
May 25* 4,704 2,747 639 435 762 87 33 236 127 31 25 42 9 2
Daily
May 18 5,119 3,219 352 656 774 70 48 246 146 15 34 43 5 3
May 21 5,120 3,237 413 496 832 98 45 260 146 22 33 47 10 2
May 22 4,119 2,739 402 297 527 123 30 210 125 22 21 30 11 1
May 23 5,176 2,973 763 560 772 79 30 253 134 36 27 45 9 2
May 24 4,400 2,041 980 387 918 47 26 222 104 44 20 47 6 1
* Data through May 24.

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
2010 7,955 5,906 456 213 414 292 673 252 165 16 9 19 13 29
2011 5,092 3,415 299 128 317 228 704 151 81 10 6 15 11 28
2012* 1,324 353 57 49 103 66 697 53 8 2 2 4 4 32
Monthly average
2011-Dec. 4,730 3,597 175 93 328 101 436 130 81 5 3 17 6 17
2012-Jan. 1,792 887 3 10 84 35 772 55 19 0 0 4 2 31
Feb. 1,622 384 97 89 43 53 955 60 9 3 3 3 3 40
Mar. 890 39 13 58 133 88 560 46 2 1 2 5 6 30
Apr. 1,004 119 39 35 46 65 700 44 3 1 1 2 4 33
May* 1,380 380 147 52 218 91 492 60 11 5 3 9 5 28
Weekly (Friday) average
Apr. 27 1,072 107 119 19 59 121 647 45 2 4 1 2 5 31
May 4 1,299 165 112 48 341 110 522 64 4 4 3 10 7 36
May 11 1,294 229 84 29 67 136 748 61 7 3 2 4 6 38
May 18 1,397 616 165 65 196 61 293 59 18 6 5 8 4 19
May 25* 1,569 549 221 57 227 61 455 62 13 7 4 12 4 22
Daily
May 18 1,175 590 153 75 115 181 60 49 18 8 4 3 8 8
May 21 1,233 590 391 75 79 12 86 49 15 10 2 7 3 12
May 22 1,928 674 102 34 273 87 758 66 16 4 2 10 5 29
May 23 1,130 0 200 3 453 143 332 61 0 4 4 21 7 25
May 24 1,986 930 192 115 104 1 645 73 22 9 7 12 1 22
* Data through May 24.

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
2010 22,761 13,203 1,363 832 3,932 1,168 2,263 742 419 47 29 132 42 73
2011 24,920 15,664 1,917 742 3,780 990 1,827 697 423 53 23 111 31 55
2012* 18,447 10,414 2,133 492 3,080 825 1,504 512 280 56 16 90 25 45
Monthly average
2011-Dec. 31,859 23,128 2,260 752 3,448 1,192 1,079 827 579 57 23 98 34 35
2012-Jan. 27,460 16,322 3,248 790 4,037 1,106 1,956 749 436 82 26 112 34 58
Feb. 20,774 12,157 2,356 762 3,079 640 1,780 569 318 63 25 89 21 52
Mar. 15,509 8,406 1,899 439 2,890 731 1,144 435 229 49 15 85 22 36
Apr. 14,785 8,264 1,617 240 2,479 840 1,345 413 223 43 8 74 25 39
May* 13,713 6,877 1,531 219 2,949 818 1,318 396 193 41 8 89 25 41
Weekly (Friday) average
Apr. 27 14,220 8,199 1,571 388 2,090 675 1,296 398 221 42 12 65 21 38
May 4 14,127 7,062 1,594 272 2,989 919 1,292 400 190 43 9 90 27 40
May 11 13,123 6,182 1,792 213 2,632 813 1,491 380 172 47 9 85 22 45
May 18 13,022 6,906 1,265 109 3,056 578 1,108 380 196 33 3 89 20 39
May 25* 14,179 7,924 1,144 283 2,592 928 1,308 414 226 33 9 78 29 39
Daily
May 18 13,393 8,274 782 13 2,636 753 934 402 231 24 1 78 28 40
May 21 15,614 8,712 1,046 138 2,970 922 1,826 430 236 25 4 80 29 56
May 22 12,709 7,350 803 26 2,774 958 798 381 219 27 3 83 28 21
May 23 15,066 7,759 1,361 641 2,710 1,523 1,072 444 223 36 19 87 45 34
May 24 13,327 7,874 1,365 327 1,916 309 1,536 400 227 44 11 60 14 44
* Data through May 24.

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
2010 84,343 54,835 6,754 3,631 9,110 3,095 6,918 2,962 1,786 254 172 374 134 243
2011 90,293 58,762 7,691 4,058 9,394 3,478 6,910 2,813 1,664 251 166 349 141 242
2012* 79,591 47,784 7,517 3,743 9,652 3,281 7,614 2,539 1,422 242 151 342 126 256
Monthly average
2011-Dec. 94,108 64,242 8,156 3,963 9,485 3,612 4,649 2,831 1,784 251 155 330 134 178
2012-Jan. 93,687 56,156 8,898 4,220 10,616 4,180 9,618 2,875 1,611 273 163 366 153 309
Feb. 80,733 49,072 7,573 3,974 9,383 2,647 8,083 2,575 1,451 245 162 339 107 271
Mar. 75,103 46,076 7,752 3,656 8,937 3,165 5,517 2,431 1,396 242 149 316 121 207
Apr. 73,014 42,422 6,782 3,638 9,286 3,337 7,549 2,369 1,288 227 144 332 128 249
May* 75,820 45,394 6,489 3,185 10,181 3,063 7,507 2,454 1,365 222 133 362 122 250
Weekly (Friday) average
Apr. 27 77,121 47,589 6,723 4,109 8,429 3,050 7,221 2,472 1,411 225 155 321 121 239
May 4 74,735 42,993 6,418 3,978 9,420 4,006 7,921 2,468 1,316 224 160 349 150 270
May 11 75,984 44,096 6,337 2,972 9,805 3,214 9,561 2,438 1,333 213 126 339 118 308
May 18 73,863 44,838 6,138 3,221 11,113 2,514 6,037 2,424 1,360 212 134 388 116 214
May 25* 76,596 50,151 6,365 2,598 9,509 2,310 5,662 2,467 1,476 234 118 355 99 186
Daily
May 18 71,883 46,490 5,191 4,043 9,375 1,939 4,844 2,367 1,425 170 176 331 97 168
May 21 80,040 54,402 3,620 2,223 10,450 2,164 7,182 2,520 1,584 168 109 342 98 219
May 22 78,409 52,802 6,282 1,807 9,612 2,555 5,352 2,477 1,538 225 97 343 106 168
May 23 76,897 47,864 8,241 3,491 9,751 3,055 4,495 2,508 1,434 256 143 392 122 161
May 24 71,037 45,536 7,319 2,873 8,224 1,464 5,621 2,362 1,349 286 121 342 69 195
* Data through May 24.

Footnotes

1. Millions of dollars.

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Last update: May 25, 2012