Commercial Paper
Volume Statistics for Commercial Paper Issuance Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of May 17, 2013Posted May 20, 2013
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 | |||||||||||||||
| 2011 | 4,986 | 2,987 | 490 | 420 | 544 | 352 | 192 | 165 | 85 | 16 | 18 | 24 | 14 | 8 | |
| 2012 | 5,057 | 2,890 | 455 | 398 | 697 | 308 | 308 | 164 | 91 | 16 | 15 | 23 | 10 | 10 | |
| 2013* | 3,730 | 1,504 | 376 | 616 | 588 | 352 | 295 | 137 | 52 | 14 | 25 | 22 | 12 | 11 | |
| Monthly average | |||||||||||||||
| 2012-Dec. | 4,340 | 2,484 | 458 | 333 | 504 | 244 | 316 | 146 | 88 | 16 | 13 | 14 | 7 | 8 | |
| 2013-Jan. | 4,139 | 1,817 | 379 | 479 | 656 | 562 | 246 | 146 | 68 | 12 | 18 | 23 | 17 | 7 | |
| Feb. | 5,269 | 2,465 | 381 | 710 | 963 | 336 | 414 | 178 | 84 | 13 | 26 | 31 | 11 | 12 | |
| Mar. | 4,827 | 2,434 | 527 | 962 | 444 | 199 | 262 | 165 | 76 | 20 | 36 | 17 | 7 | 9 | |
| Apr. | 1,801 | 190 | 319 | 423 | 406 | 270 | 194 | 88 | 12 | 12 | 22 | 18 | 12 | 11 | |
| May* | 2,312 | 316 | 217 | 467 | 471 | 419 | 421 | 105 | 11 | 10 | 23 | 21 | 18 | 20 | |
| Weekly (Friday) average | |||||||||||||||
| Apr. 19 | 1,384 | 165 | 26 | 413 | 308 | 256 | 217 | 66 | 6 | 2 | 22 | 13 | 11 | 12 | |
| Apr. 26 | 1,753 | 49 | 263 | 611 | 354 | 364 | 112 | 79 | 4 | 12 | 28 | 14 | 14 | 7 | |
| May 3 | 1,687 | 280 | 84 | 271 | 521 | 231 | 301 | 94 | 16 | 5 | 17 | 25 | 13 | 18 | |
| May 10 | 2,310 | 200 | 314 | 425 | 415 | 452 | 503 | 96 | 6 | 14 | 20 | 18 | 18 | 20 | |
| May 17* | 2,446 | 370 | 195 | 612 | 487 | 456 | 327 | 109 | 11 | 8 | 29 | 23 | 18 | 19 | |
| Daily | |||||||||||||||
| May 13 | 1,220 | 412 | 19 | 134 | 389 | 25 | 240 | 52 | 15 | 2 | 10 | 15 | 1 | 9 | |
| May 14 | 3,137 | 376 | 700 | 122 | 648 | 746 | 544 | 147 | 13 | 28 | 6 | 31 | 35 | 34 | |
| May 15 | 3,470 | 285 | 154 | 1,416 | 755 | 314 | 546 | 163 | 8 | 7 | 68 | 40 | 10 | 30 | |
| May 16 | 3,038 | 350 | 100 | 1,188 | 416 | 790 | 194 | 129 | 8 | 4 | 48 | 22 | 30 | 17 | |
| May 17 | 1,367 | 425 | 0 | 197 | 228 | 407 | 110 | 53 | 11 | 0 | 13 | 9 | 14 | 6 | |
* Data through May 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 | |||||||||||||||
| 2011 | 4,393 | 2,858 | 492 | 451 | 432 | 129 | 32 | 227 | 147 | 23 | 23 | 25 | 7 | 2 | |
| 2012 | 5,241 | 3,097 | 675 | 599 | 676 | 143 | 51 | 249 | 142 | 29 | 30 | 37 | 8 | 3 | |
| 2013* | 4,502 | 2,320 | 856 | 573 | 559 | 123 | 71 | 318 | 172 | 55 | 37 | 42 | 9 | 4 | |
| Monthly average | |||||||||||||||
| 2012-Dec. | 4,483 | 2,548 | 686 | 516 | 551 | 127 | 54 | 218 | 122 | 30 | 26 | 30 | 8 | 2 | |
| 2013-Jan. | 4,677 | 2,199 | 902 | 567 | 678 | 187 | 143 | 249 | 123 | 45 | 28 | 36 | 12 | 6 | |
| Feb. | 4,781 | 2,460 | 861 | 725 | 534 | 106 | 95 | 231 | 123 | 36 | 33 | 28 | 6 | 5 | |
| Mar. | 4,447 | 2,294 | 889 | 563 | 524 | 118 | 58 | 310 | 167 | 57 | 34 | 40 | 9 | 3 | |
| Apr. | 4,350 | 2,372 | 840 | 517 | 514 | 86 | 21 | 424 | 240 | 74 | 46 | 53 | 8 | 2 | |
| May* | 4,159 | 2,266 | 751 | 469 | 531 | 113 | 28 | 388 | 214 | 65 | 44 | 52 | 11 | 2 | |
| Weekly (Friday) average | |||||||||||||||
| Apr. 19 | 4,318 | 2,520 | 744 | 494 | 460 | 75 | 25 | 426 | 254 | 67 | 47 | 46 | 10 | 2 | |
| Apr. 26 | 4,155 | 2,392 | 904 | 258 | 536 | 44 | 20 | 414 | 240 | 79 | 28 | 60 | 4 | 4 | |
| May 3 | 4,935 | 2,630 | 996 | 630 | 610 | 51 | 18 | 434 | 237 | 83 | 53 | 55 | 4 | 1 | |
| May 10 | 3,792 | 2,182 | 658 | 472 | 352 | 95 | 34 | 352 | 203 | 51 | 46 | 37 | 11 | 3 | |
| May 17* | 4,158 | 2,221 | 687 | 436 | 600 | 185 | 29 | 408 | 220 | 63 | 45 | 64 | 15 | 2 | |
| Daily | |||||||||||||||
| May 13 | 3,594 | 1,942 | 870 | 237 | 473 | 43 | 28 | 351 | 172 | 97 | 26 | 47 | 7 | 2 | |
| May 14 | 4,426 | 2,147 | 633 | 498 | 960 | 168 | 20 | 414 | 221 | 52 | 32 | 92 | 15 | 2 | |
| May 15 | 4,542 | 2,216 | 776 | 536 | 738 | 276 | 0 | 468 | 216 | 69 | 65 | 90 | 28 | 0 | |
| May 16 | 4,103 | 2,321 | 875 | 255 | 535 | 37 | 80 | 409 | 248 | 72 | 28 | 53 | 5 | 3 | |
| May 17 | 4,125 | 2,479 | 283 | 652 | 294 | 400 | 16 | 400 | 241 | 24 | 74 | 38 | 20 | 3 | |
* Data through May 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 | |||||||||||||||
| 2011 | 5,092 | 3,415 | 299 | 128 | 317 | 228 | 704 | 151 | 81 | 10 | 6 | 15 | 11 | 28 | |
| 2012 | 1,445 | 440 | 69 | 78 | 118 | 101 | 638 | 60 | 12 | 3 | 3 | 6 | 5 | 31 | |
| 2013* | 1,197 | 252 | 41 | 58 | 88 | 125 | 633 | 61 | 11 | 2 | 3 | 5 | 7 | 33 | |
| Monthly average | |||||||||||||||
| 2012-Dec. | 1,557 | 560 | 100 | 112 | 177 | 92 | 516 | 62 | 15 | 4 | 5 | 8 | 6 | 24 | |
| 2013-Jan. | 1,342 | 184 | 29 | 70 | 89 | 93 | 877 | 66 | 5 | 2 | 4 | 5 | 6 | 43 | |
| Feb. | 999 | 264 | 72 | 24 | 25 | 80 | 534 | 48 | 6 | 2 | 1 | 2 | 5 | 31 | |
| Mar. | 1,162 | 216 | 35 | 32 | 67 | 81 | 730 | 54 | 8 | 2 | 2 | 4 | 4 | 34 | |
| Apr. | 1,216 | 292 | 39 | 103 | 113 | 232 | 436 | 71 | 18 | 3 | 4 | 7 | 11 | 27 | |
| May* | 1,280 | 335 | 28 | 51 | 169 | 135 | 562 | 66 | 18 | 1 | 3 | 8 | 6 | 30 | |
| Weekly (Friday) average | |||||||||||||||
| Apr. 19 | 1,223 | 227 | 46 | 246 | 74 | 182 | 447 | 74 | 15 | 4 | 8 | 5 | 12 | 29 | |
| Apr. 26 | 1,026 | 319 | 32 | 21 | 148 | 152 | 354 | 56 | 16 | 1 | 1 | 7 | 7 | 24 | |
| May 3 | 1,303 | 284 | 3 | 92 | 122 | 212 | 588 | 65 | 18 | 0 | 3 | 6 | 10 | 28 | |
| May 10 | 1,103 | 194 | 60 | 63 | 148 | 116 | 520 | 64 | 14 | 3 | 3 | 8 | 5 | 31 | |
| May 17* | 1,347 | 485 | 12 | 30 | 201 | 107 | 513 | 68 | 22 | 1 | 2 | 9 | 7 | 28 | |
| Daily | |||||||||||||||
| May 13 | 621 | 75 | 50 | 81 | 191 | 21 | 203 | 45 | 10 | 1 | 3 | 6 | 3 | 22 | |
| May 14 | 1,552 | 257 | 0 | 50 | 184 | 129 | 932 | 72 | 17 | 0 | 1 | 9 | 9 | 36 | |
| May 15 | 1,399 | 557 | 10 | 18 | 250 | 125 | 439 | 83 | 26 | 1 | 4 | 11 | 12 | 29 | |
| May 16 | 1,663 | 594 | 1 | 0 | 158 | 129 | 781 | 80 | 25 | 1 | 0 | 10 | 9 | 35 | |
| May 17 | 1,502 | 942 | 0 | 0 | 221 | 129 | 209 | 61 | 30 | 0 | 0 | 8 | 4 | 19 | |
* Data through May 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 | |||||||||||||||
| 2011 | 24,920 | 15,664 | 1,917 | 742 | 3,780 | 990 | 1,827 | 697 | 423 | 53 | 23 | 111 | 31 | 55 | |
| 2012 | 15,681 | 8,780 | 1,532 | 421 | 2,816 | 787 | 1,346 | 447 | 246 | 42 | 14 | 81 | 25 | 41 | |
| 2013* | 12,160 | 7,093 | 740 | 257 | 2,126 | 730 | 1,214 | 423 | 252 | 24 | 9 | 67 | 26 | 44 | |
| Monthly average | |||||||||||||||
| 2012-Dec. | 12,138 | 6,811 | 931 | 255 | 2,343 | 612 | 1,186 | 361 | 203 | 27 | 9 | 65 | 21 | 36 | |
| 2013-Jan. | 12,245 | 6,256 | 866 | 275 | 2,386 | 928 | 1,534 | 368 | 193 | 25 | 9 | 68 | 28 | 44 | |
| Feb. | 13,185 | 7,816 | 798 | 393 | 2,360 | 500 | 1,318 | 384 | 224 | 23 | 12 | 66 | 17 | 42 | |
| Mar. | 14,004 | 8,907 | 788 | 202 | 2,213 | 764 | 1,130 | 455 | 285 | 27 | 8 | 69 | 24 | 42 | |
| Apr. | 10,484 | 6,050 | 582 | 197 | 1,903 | 770 | 982 | 465 | 288 | 21 | 9 | 69 | 30 | 48 | |
| May* | 10,382 | 6,221 | 642 | 220 | 1,602 | 622 | 1,076 | 443 | 275 | 25 | 9 | 62 | 26 | 45 | |
| Weekly (Friday) average | |||||||||||||||
| Apr. 19 | 10,856 | 5,907 | 548 | 157 | 2,116 | 1,071 | 1,057 | 481 | 278 | 20 | 9 | 82 | 35 | 57 | |
| Apr. 26 | 11,313 | 6,681 | 480 | 210 | 2,406 | 674 | 862 | 462 | 291 | 16 | 8 | 83 | 27 | 37 | |
| May 3 | 9,921 | 6,479 | 473 | 291 | 1,506 | 430 | 743 | 437 | 288 | 18 | 12 | 60 | 20 | 39 | |
| May 10 | 10,942 | 6,178 | 609 | 233 | 1,772 | 681 | 1,469 | 447 | 267 | 21 | 8 | 66 | 29 | 55 | |
| May 17* | 9,893 | 6,221 | 800 | 117 | 1,400 | 571 | 785 | 432 | 282 | 32 | 5 | 54 | 23 | 35 | |
| Daily | |||||||||||||||
| May 13 | 11,331 | 7,075 | 809 | 0 | 1,271 | 1,159 | 1,018 | 479 | 303 | 24 | 0 | 55 | 50 | 47 | |
| May 14 | 9,921 | 6,486 | 855 | 67 | 755 | 471 | 1,288 | 443 | 305 | 27 | 4 | 30 | 22 | 55 | |
| May 15 | 9,597 | 5,931 | 506 | 150 | 2,221 | 248 | 541 | 423 | 268 | 25 | 6 | 83 | 13 | 28 | |
| May 16 | 8,809 | 5,949 | 971 | 120 | 1,041 | 216 | 512 | 399 | 281 | 42 | 5 | 39 | 10 | 22 | |
| May 17 | 9,808 | 5,665 | 857 | 246 | 1,714 | 762 | 565 | 415 | 252 | 44 | 10 | 64 | 22 | 23 | |
* Data through May 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 | |||||||||||||||
| 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 | 71,805 | 42,245 | 6,970 | 3,626 | 8,655 | 3,052 | 7,257 | 2,334 | 1,282 | 228 | 145 | 312 | 121 | 246 | |
| 2013* | 72,929 | 42,843 | 8,734 | 3,404 | 7,088 | 2,855 | 8,004 | 2,797 | 1,581 | 308 | 166 | 308 | 127 | 307 | |
| Monthly average | |||||||||||||||
| 2012-Dec. | 58,893 | 33,386 | 6,527 | 2,731 | 7,139 | 2,839 | 6,271 | 1,962 | 1,058 | 214 | 113 | 249 | 117 | 212 | |
| 2013-Jan. | 72,222 | 38,563 | 8,013 | 3,224 | 8,401 | 4,066 | 9,954 | 2,388 | 1,220 | 247 | 133 | 307 | 151 | 330 | |
| Feb. | 75,739 | 44,402 | 8,979 | 3,922 | 7,886 | 2,228 | 8,322 | 2,427 | 1,350 | 265 | 157 | 280 | 93 | 282 | |
| Mar. | 71,731 | 44,416 | 7,958 | 3,762 | 6,498 | 2,264 | 6,832 | 2,713 | 1,570 | 303 | 173 | 289 | 102 | 277 | |
| Apr. | 70,271 | 41,346 | 9,393 | 3,127 | 6,243 | 2,938 | 7,224 | 3,236 | 1,870 | 370 | 187 | 333 | 152 | 323 | |
| May* | 76,401 | 47,473 | 9,681 | 2,830 | 6,180 | 2,633 | 7,603 | 3,392 | 2,032 | 368 | 187 | 336 | 137 | 331 | |
| Weekly (Friday) average | |||||||||||||||
| Apr. 19 | 71,412 | 41,943 | 9,337 | 3,835 | 6,455 | 2,993 | 6,848 | 3,321 | 1,939 | 369 | 221 | 321 | 143 | 328 | |
| Apr. 26 | 73,888 | 45,404 | 10,575 | 2,685 | 6,825 | 2,276 | 6,123 | 3,259 | 1,967 | 413 | 159 | 340 | 118 | 263 | |
| May 3 | 69,500 | 41,436 | 9,264 | 2,976 | 6,529 | 2,626 | 6,669 | 3,210 | 1,839 | 374 | 197 | 361 | 130 | 310 | |
| May 10 | 78,250 | 49,816 | 9,517 | 2,799 | 5,686 | 2,532 | 7,901 | 3,382 | 2,080 | 350 | 183 | 298 | 140 | 332 | |
| May 17* | 79,164 | 49,236 | 10,758 | 2,637 | 6,245 | 2,723 | 7,565 | 3,509 | 2,107 | 386 | 192 | 349 | 145 | 330 | |
| Daily | |||||||||||||||
| May 13 | 80,632 | 50,139 | 11,947 | 1,918 | 6,272 | 2,261 | 8,095 | 3,405 | 2,118 | 391 | 155 | 296 | 127 | 318 | |
| May 14 | 80,436 | 47,622 | 13,725 | 1,932 | 5,235 | 2,914 | 9,007 | 3,550 | 2,074 | 446 | 153 | 325 | 165 | 387 | |
| May 15 | 80,313 | 48,696 | 9,708 | 3,425 | 7,456 | 2,446 | 8,582 | 3,734 | 2,096 | 384 | 231 | 466 | 169 | 388 | |
| May 16 | 74,203 | 50,716 | 8,648 | 2,690 | 4,589 | 2,285 | 5,276 | 3,399 | 2,189 | 372 | 170 | 281 | 127 | 260 | |
| May 17 | 80,238 | 49,008 | 9,761 | 3,221 | 7,673 | 3,710 | 6,865 | 3,458 | 2,056 | 338 | 249 | 379 | 139 | 297 | |
* Data through May 17.
Footnotes
1. Millions of dollars.
Last update: May 20, 2013
