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 June 29, 2016Posted June 30, 2016

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
2014 4,926 2,892 736 251 425 292 330 189 109 25 11 18 12 15
2015 6,135 3,973 833 369 460 317 183 226 142 27 16 20 13 8
2016* 6,952 3,997 1,150 358 554 509 385 272 152 38 16 26 22 20
Monthly average
2016-Jan. 7,925 4,444 990 370 774 864 483 337 182 39 14 37 40 25
Feb. 6,742 3,870 950 310 680 624 309 262 146 32 15 31 24 15
Mar. 5,264 2,891 949 359 417 404 244 210 112 31 17 20 16 13
Apr. 5,457 2,584 888 334 503 594 554 224 107 28 14 24 25 26
May 7,978 4,518 1,744 410 503 337 466 306 172 52 19 22 17 24
June* 8,588 5,817 1,372 361 485 281 272 304 197 45 15 22 11 15
Weekly (Friday) average
June 3 8,455 4,355 2,535 495 859 138 73 310 168 79 19 34 6 4
June 10 8,378 6,140 1,060 421 542 58 156 313 222 35 18 26 2 9
June 17 7,043 4,388 1,475 557 323 185 114 241 140 48 22 15 7 9
June 24 9,622 6,329 1,662 189 378 382 682 341 210 55 7 20 16 33
July 1* 9,698 8,408 15 3 313 742 216 307 259 0 0 10 25 12
Daily
June 23 8,149 4,128 2,262 232 160 235 1,132 276 121 67 11 20 9 48
June 24 8,689 7,292 544 0 464 0 390 323 249 22 0 26 0 26
June 27 10,917 10,166 0 0 560 94 98 340 309 0 0 18 6 7
June 28 10,784 10,090 0 0 67 344 284 348 319 0 0 3 11 15
June 29 7,394 4,968 45 10 314 1,790 267 232 148 1 1 10 58 14
* Data through June 29.

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
2014 4,885 2,874 654 614 570 117 55 428 245 57 57 54 11 4
2015 5,085 2,827 638 631 750 189 50 451 228 57 67 77 18 4
2016* 5,409 3,081 667 708 771 147 34 499 268 62 74 79 14 2
Monthly average
2016-Jan. 5,187 2,653 652 773 928 160 21 474 226 59 74 97 16 3
Feb. 5,242 2,750 662 724 905 139 61 500 251 65 73 94 13 4
Mar. 4,831 2,753 651 554 672 177 23 449 247 59 58 68 16 2
Apr. 5,053 2,829 545 700 811 118 49 496 266 61 74 83 10 3
May 5,930 3,509 770 714 718 188 32 552 303 66 83 74 22 2
June* 6,238 3,968 724 808 621 98 18 523 310 60 82 60 9 1
Weekly (Friday) average
June 3 6,502 3,902 845 995 638 113 8 566 309 67 112 64 13 1
June 10 5,789 3,550 545 1,002 563 89 39 509 283 50 98 68 6 3
June 17 6,147 4,063 788 736 483 69 10 491 303 61 68 50 8 1
June 24 6,295 4,100 756 527 797 98 18 538 343 61 53 68 10 2
July 1* 6,693 4,297 725 859 656 150 7 537 318 66 91 49 12 0
Daily
June 23 5,818 4,040 923 452 349 54 0 501 334 72 44 43 8 0
June 24 6,053 4,666 295 396 618 78 0 500 375 29 48 42 6 0
June 27 6,903 4,913 294 743 765 188 0 550 381 27 67 63 12 0
June 28 7,510 4,648 872 1,067 726 177 20 584 328 68 118 55 14 1
June 29 5,665 3,331 1,008 766 476 84 0 478 246 103 89 30 10 0
* Data through June 29.

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
2014 2,983 2,185 148 33 66 107 444 134 97 5 2 3 4 23
2015 1,113 425 118 28 75 106 362 64 28 4 2 4 5 21
2016* 13,270 12,228 229 59 98 108 549 406 351 7 2 5 5 36
Monthly average
2016-Jan. 10,278 8,659 347 94 106 157 916 379 301 11 4 5 8 50
Feb. 13,418 11,884 446 107 128 140 712 463 394 13 4 5 6 41
Mar. 13,468 12,201 332 98 143 126 569 459 397 10 3 7 4 37
Apr. 13,695 12,995 79 13 53 77 479 376 327 3 1 4 4 38
May 14,953 14,390 84 17 41 60 361 392 355 3 1 3 3 27
June* 13,509 12,883 95 25 114 95 297 365 327 3 1 5 5 24
Weekly (Friday) average
June 3 11,469 10,856 116 3 42 82 369 317 274 3 1 2 5 32
June 10 13,927 13,453 76 77 79 93 151 380 346 2 3 4 4 20
June 17 13,437 12,787 145 6 96 127 276 360 320 4 1 4 6 25
June 24 12,075 11,584 47 1 246 37 160 328 296 2 1 9 2 18
July 1* 13,774 12,740 68 32 45 169 718 372 325 2 2 5 7 31
Daily
June 23 14,391 13,510 80 0 380 115 306 374 331 2 0 13 4 24
June 24 7,662 6,801 7 0 804 25 26 227 198 2 0 20 1 6
June 27 12,761 12,434 25 40 25 55 182 326 313 1 1 1 2 8
June 28 14,224 12,904 5 52 44 285 934 397 331 1 4 6 12 43
June 29 14,336 12,884 175 5 66 167 1,039 392 330 4 1 9 6 42
* Data through June 29.

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
2014 9,408 4,894 794 307 1,624 489 1,300 382 207 37 11 59 20 48
2015 11,484 6,749 1,149 386 1,439 581 1,179 432 257 45 15 52 21 41
2016* 11,441 6,734 1,107 263 1,224 661 1,453 409 239 42 10 45 23 49
Monthly average
2016-Jan. 12,271 7,270 973 341 1,306 765 1,616 445 256 41 13 49 28 58
Feb. 11,630 6,983 1,196 231 1,101 579 1,540 414 238 48 10 43 21 54
Mar. 11,883 6,600 1,398 234 1,233 603 1,815 406 226 50 10 44 21 54
Apr. 10,713 6,558 893 257 1,102 574 1,329 382 234 34 9 41 20 44
May 10,128 6,000 984 258 1,258 461 1,167 378 226 35 9 47 17 43
June* 12,067 7,070 1,160 263 1,346 992 1,234 431 260 42 10 46 30 43
Weekly (Friday) average
June 3 11,786 6,681 1,032 364 1,315 932 1,462 430 253 40 20 46 29 41
June 10 10,902 6,712 836 245 906 805 1,398 397 248 30 10 32 26 51
June 17 12,239 7,042 1,135 249 1,648 1,209 957 437 256 41 8 59 34 39
June 24 12,508 7,602 1,436 234 1,455 693 1,088 446 283 50 7 46 22 37
July 1* 13,209 7,430 1,575 292 1,300 1,316 1,296 444 256 52 9 44 37 46
Daily
June 23 13,376 8,714 1,810 446 1,537 251 617 476 328 54 12 49 11 22
June 24 12,394 7,809 1,330 361 947 599 1,348 421 293 47 10 23 18 30
June 27 13,014 7,766 1,625 183 1,313 1,012 1,115 428 254 54 5 43 25 47
June 28 12,922 7,482 1,822 318 1,114 647 1,538 434 264 57 8 37 22 46
June 29 13,692 7,042 1,278 374 1,473 2,291 1,236 470 250 45 14 52 63 46
* Data through June 29.

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
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 79,575 50,679 8,793 3,790 6,476 3,184 6,652 3,454 2,013 374 244 373 161 288
2016* 78,298 49,007 8,595 3,622 6,422 3,450 7,201 3,533 2,004 397 246 386 174 326
Monthly average
2016-Jan. 77,137 44,346 8,149 3,879 6,846 4,420 9,498 3,647 1,925 397 254 430 224 417
Feb. 76,176 46,754 7,882 3,802 6,370 2,954 8,413 3,519 1,947 386 266 404 154 362
Mar. 73,187 45,679 8,269 3,308 6,207 2,696 7,028 3,288 1,878 387 231 350 140 301
Apr. 79,677 50,421 8,215 3,525 6,728 3,647 7,141 3,569 2,041 387 238 396 178 328
May 80,726 52,574 9,687 3,375 6,019 3,018 6,053 3,599 2,103 423 239 378 169 287
June* 83,159 54,036 9,323 3,906 6,420 4,108 5,366 3,607 2,135 401 254 364 183 270
Weekly (Friday) average
June 3 82,909 50,659 10,303 4,761 7,699 3,560 5,927 3,758 2,108 436 340 427 172 275
June 10 82,367 54,044 8,650 3,497 6,258 4,158 5,759 3,665 2,193 358 273 375 191 274
June 17 81,190 52,491 9,063 4,003 6,008 4,908 4,718 3,441 1,999 384 235 352 208 264
June 24 81,303 52,119 11,075 3,356 6,364 3,406 4,983 3,515 2,084 480 191 344 156 259
July 1* 87,246 60,446 7,464 4,243 5,755 4,033 5,305 3,668 2,308 349 259 318 175 260
Daily
June 23 83,733 52,166 14,407 3,592 6,818 2,602 4,149 3,577 2,083 556 236 319 125 258
June 24 68,568 47,944 6,607 2,724 5,806 2,053 3,434 3,025 2,065 287 145 272 93 163
June 27 84,510 63,190 6,523 3,357 5,471 2,646 3,323 3,530 2,438 289 221 297 122 163
June 28 89,350 61,755 7,784 4,036 5,230 2,872 7,673 3,860 2,358 360 266 331 161 384
June 29 87,877 56,394 8,085 5,335 6,565 6,580 4,918 3,613 2,128 397 289 325 241 233
* Data through June 29.

Footnotes

1. Millions of dollars.

Return to top

Last update: June 30, 2016