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Data as of January 8, 2009
Volume Statistics for Commercial Paper Issuance

Volume statistics of daily commercial paper issuance are provided for the total market, as well as for each of the commercial paper discount rate categories; AA nonfinanial, A2/P2 nonfinancial, AA financial, and AA asset-backed. The criteria that determine which issues are included in the AA asset-backed, AA financial, AA nonfinanial, and A2/P2 nonfinancial categories are detailed under Rate Calculations in the about section of the commercial paper 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.



Period AA nonfinancial
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2007 1,427 757 113 115 176 147 120   96 49 11 10 13 8 5
2008 1,641 636 143 198 319 239 105 107 42 11 14 22 13 5
2009* 2,021 887 84 129 449 318 155 106 50 5 7 23 15 6
Monthly average
2008-Aug 1,429 470 109 238 393 170 49   93 32 8 17 26 8 2
Sep 2,257 877 138 260 474 379 129 134 49 10 16 33 21 5
Oct 1,849 717 72 138 445 363 114 122 49 6 10 29 21 7
Nov 2,155 589 94 222 427 476 348 135 37 6 16 30 28 17
Dec 1,497 744 209 199 143 125 77 79 36 11 10 9 7 4
2009-Jan* 2,021 887 84 129 449 318 155 106 50 5 7 23 15 6
Weekly (Friday) average
2008-Dec 12 1,614 948 284 248 64 56 15   77 37 16 14 6 2 1
19 1,765 1,023 123 302 178 83 57 92 51 9 13 12 4 3
26 760 224 235 161 140 0 0 46 14 16 8 9 0 0
2009-Jan 2 1,045 430 133 46 282 84 69 57 24 7 6 13 5 4
9* 2,144 983 105 156 393 314 194 114 57 7 7 22 14 8
Daily
2009-Jan 2 1,529 502 0 24 671 332 0   76 24 0 4 29 19 0
5 2,368 974 133 184 761 288 27 133 50 8 9 47 16 3
6 1,781 809 125 200 324 313 10 99 47 4 7 23 17 1
7 2,475 1,084 107 128 205 414 536 120 66 12 5 7 12 18
8 1,954 1,065 53 111 283 241 202 104 65 2 8 10 10 9
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through January 8.


Period A2/P2 nonfinancial
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2007 6,573 5,120 443 315 447 174 73   432 290 38 29 47 19 8
2008 6,966 5,243 585 507 446 145 39 504 330 56 52 47 16 4
2009* 3,421 2,259 339 306 409 58 50 349 216 30 29 60 9 6
Monthly average
2008-Aug 7,708 6,055 524 463 524 114 29   500 338 47 44 52 15 4
Sep 7,015 5,345 611 445 468 122 24 524 358 57 45 48 14 3
Oct 5,108 3,408 678 660 272 63 28 482 281 84 70 37 9 2
Nov 4,006 2,307 528 734 263 123 50 415 207 61 84 37 20 5
Dec 3,831 2,538 435 434 280 112 33 406 248 51 53 37 14 2
2009-Jan* 3,421 2,259 339 306 409 58 50 349 216 30 29 60 9 6
Weekly (Friday) average
2008-Dec 12 4,246 2,764 456 373 454 130 69   455 274 56 46 61 15 4
19 4,911 3,812 130 526 270 154 19 523 375 17 67 45 16 2
26 2,976 1,812 630 374 122 37 1 299 174 60 41 18 5 0
2009-Jan 2 2,059 1,292 402 230 113 22 0 233 132 55 28 14 6 0
9* 3,725 2,453 348 342 447 72 63 388 236 31 34 69 11 8
Daily
2009-Jan 2 2,206 1,484 305 160 257 0 0   192 135 25 9 23 0 0
5 3,962 2,391 416 322 715 76 43 424 235 42 27 104 10 6
6 3,672 2,494 327 321 394 68 67 380 236 25 28 70 13 8
7 3,918 2,614 486 296 407 92 23 397 246 39 40 57 13 2
8 3,348 2,312 162 430 271 54 120 352 226 17 41 45 8 15
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through January 8.


Period AA financial
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2007 13,098 8,321 995 690 1,073 621 1,397   716 387 63 51 91 47 77
2008 10,844 6,907 659 505 955 498 1,319 520 297 36 28 61 36 62
2009* 10,595 8,028 384 553 1,390 113 128 376 248 19 34 66 6 4
Monthly average
2008-Aug 9,030 4,515 421 678 1,036 716 1,663   454 213 28 33 64 43 74
Sep 10,546 7,517 542 536 551 415 984 472 307 31 26 36 24 47
Oct 15,254 10,264 999 471 574 163 2,783 625 443 46 25 36 12 64
Nov 12,401 10,772 946 271 302 81 30 482 406 38 14 18 4 2
Dec 12,838 11,046 736 395 625 30 7 449 380 26 14 25 3 1
2009-Jan* 10,595 8,028 384 553 1,390 113 128 376 248 19 34 66 6 4
Weekly (Friday) average
2008-Dec 12 12,932 11,794 453 364 310 11 0   465 416 19 13 16 1 0
19 13,507 11,794 351 400 957 6 0 456 402 9 14 30 0 0
26 10,128 7,686 1,779 212 446 0 5 324 239 57 9 17 1 1
2009-Jan 2 11,927 9,476 869 496 1,041 32 15 462 349 34 22 51 6 1
9* 10,641 8,316 272 481 1,285 140 147 366 248 17 31 60 7 4
Daily
2009-Jan 2 10,414 6,874 836 841 1,808 5 50   415 247 24 46 93 4 1
5 9,843 7,836 205 639 1,094 19 50 373 244 19 50 56 3 1
6 11,775 8,771 522 619 1,600 249 14 403 253 33 31 76 9 1
7 10,867 8,031 214 444 1,494 209 476 348 230 12 22 59 11 14
8 10,078 8,627 145 221 953 81 50 341 264 5 20 47 4 1
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through January 8.


Period AA asset-backed
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2007 69,907 45,552 4,001 3,087 10,649 2,854 3,765   2,446 1,496 153 125 422 116 134
2008 64,219 44,068 3,749 2,454 7,600 2,569 3,778 1,926 1,264 114 81 253 95 119
2009* 39,680 25,230 3,877 1,305 5,218 1,256 2,795 1,145 689 103 35 177 52 90
Monthly average
2008-Aug 52,184 32,193 3,076 2,234 8,054 2,952 3,674   1,577 927 96 71 252 105 127
Sep 74,351 59,343 3,272 2,212 5,227 1,616 2,680 2,154 1,650 99 84 185 55 82
Oct 96,295 73,343 4,162 3,299 7,196 2,144 6,151 2,712 1,989 132 107 263 67 155
Nov 61,425 42,266 3,955 1,687 4,665 3,394 5,458 1,793 1,170 114 64 171 130 145
Dec 45,996 31,361 4,383 1,381 4,675 1,915 2,281 1,371 908 124 43 156 69 71
2009-Jan* 39,680 25,230 3,877 1,305 5,218 1,256 2,795 1,145 689 103 35 177 52 90
Weekly (Friday) average
2008-Dec 12 52,115 34,163 3,998 1,053 6,728 2,390 3,782   1,562 984 121 32 226 90 109
19 46,329 32,889 2,073 1,254 5,853 1,503 2,758 1,426 985 63 38 197 50 94
26 36,058 23,043 6,823 2,255 2,692 396 850 1,060 684 188 61 79 16 32
2009-Jan 2 31,687 23,178 4,612 687 2,189 319 702 922 660 128 27 70 16 22
9* 42,976 26,378 4,403 1,485 5,834 1,543 3,333 1,241 718 114 39 201 63 107
Daily
2009-Jan 2 26,497 20,636 1,773 584 2,754 108 641   763 573 58 18 80 9 25
5 45,977 26,543 6,570 1,678 6,396 2,336 2,453 1,349 731 164 47 240 87 80
6 43,554 27,078 3,922 2,118 6,138 876 3,422 1,243 719 98 57 210 44 115
7 44,300 26,523 3,838 741 6,512 1,906 4,781 1,271 710 107 21 208 77 148
8 38,073 25,369 3,281 1,402 4,291 1,054 2,676 1,100 710 87 32 145 43 83
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through January 8.


Period Market
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2007 171,953 118,200 10,804 7,289 19,249 6,403 10,008   8,108 5,020 614 450 1,075 390 559
2008 150,234 103,181 9,014 6,594 14,892 6,094 10,459 6,197 3,875 449 365 732 332 444
2009* 115,135 77,453 7,376 3,985 11,915 4,742 9,664 4,104 2,446 285 215 557 236 364
Monthly average
2008-Aug 133,144 87,677 7,166 6,457 15,127 6,570 10,148   5,528 3,253 387 356 722 354 457
Sep 153,820 117,153 7,788 6,529 10,813 4,345 7,193 6,086 4,143 409 371 595 251 317
Oct 191,420 139,244 10,245 7,930 13,544 4,441 16,016 6,956 4,674 522 422 663 229 446
Nov 147,982 100,963 9,628 6,158 10,914 8,261 12,059 5,527 3,357 433 372 550 420 395
Dec 124,055 83,476 9,661 5,099 11,098 6,085 8,636 4,544 2,806 390 264 493 284 308
2009-Jan* 115,135 77,453 7,376 3,985 11,915 4,742 9,664 4,104 2,446 285 215 557 236 364
Weekly (Friday) average
2008-Dec 12 135,166 89,030 8,927 4,169 13,959 7,918 11,162   4,979 2,957 390 217 645 367 403
19 122,393 86,894 4,481 4,712 12,219 5,224 8,863 4,604 3,033 189 265 543 243 331
26 97,170 65,309 14,498 5,570 6,201 1,548 4,045 3,399 2,132 536 257 258 83 134
2009-Jan 2 97,481 67,516 10,554 3,775 8,621 2,059 4,957 3,400 2,195 398 189 351 106 162
9* 122,006 80,473 8,030 4,207 12,729 5,585 10,983 4,361 2,545 309 222 599 273 415
Daily
2009-Jan 2 87,650 65,376 4,760 3,097 8,659 1,369 4,389   3,075 2,053 192 186 390 91 163
5 124,879 81,606 10,153 4,488 15,736 6,313 6,583 4,623 2,556 375 279 769 336 308
6 126,976 82,488 8,841 4,954 12,954 3,854 13,884 4,489 2,596 345 233 603 223 489
7 129,889 86,028 6,246 3,271 13,110 7,582 13,651 4,519 2,697 261 167 591 329 474
8 106,280 71,767 6,879 4,115 9,114 4,590 9,815 3,814 2,330 253 210 432 202 387
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through January 8.


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Last update: January 9, 2009