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 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.

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Last update: May 20, 2013