Board of Governors of the Federal Reserve System

Commercial Paper

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Technical Q&As

This page provides additional information about data in the Board of Governors' statistical release on Commercial Paper. Most of the information is of a technical nature and represents answers to questions that may be of interest to a range of analysts and researchers. The page will be updated as such questions arise.

Documentation for the statistics in the Commercial Paper release is available on the About page.

Q. Are Commercial Paper (CP) rates annualized?

Posted: 03/14/2013

Yes, CP rates are annualized using the convention of a 360-day year. More information about rate calculation can be found on the CP About page.

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Last update: March 14, 2013