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 February 8, 2016Posted February 9, 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* 8,070 4,582 1,046 344 800 864 433 330 182 39 14 37 37 21
Monthly average
2015-Sept. 8,091 5,325 1,517 335 424 374 116 283 181 47 13 20 17 5
Oct. 7,877 4,700 991 367 623 890 305 282 160 32 17 25 35 14
Nov. 7,218 5,280 337 213 684 594 109 262 179 13 10 30 24 5
Dec. 6,638 4,386 936 487 438 279 112 246 148 36 21 22 13 5
2016-Jan. 7,925 4,444 990 370 774 864 483 337 182 39 14 37 40 25
Feb.* 8,528 5,018 1,224 261 884 864 278 310 179 40 14 35 31 11
Weekly (Friday) average
Jan. 15 7,445 3,972 702 740 843 826 361 351 186 31 27 47 41 20
Jan. 22 6,726 3,618 697 318 567 1,249 276 269 136 24 10 26 51 21
Jan. 29 7,480 4,343 1,166 195 505 518 754 292 170 43 7 19 19 34
Feb. 5 8,101 4,273 1,356 292 1,018 948 215 296 153 45 14 40 33 9
Feb. 12* 10,662 8,743 565 109 209 443 593 381 309 13 14 10 18 17
Daily
Feb. 2 12,060 6,719 1,980 155 1,474 1,117 615 413 231 59 7 59 39 18
Feb. 3 6,969 2,631 1,333 114 1,513 1,264 115 247 102 44 7 45 39 10
Feb. 4 5,723 2,351 1,468 292 455 1,092 64 239 99 47 19 26 43 5
Feb. 5 4,361 2,148 613 613 337 546 104 178 89 17 25 20 20 7
Feb. 8 10,662 8,743 565 109 209 443 593 381 309 13 14 10 18 17
* Data through February 8.

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* 5,190 2,604 624 754 1,000 160 48 477 223 58 72 104 15 4
Monthly average
2015-Sept. 4,502 2,555 631 540 565 173 38 408 205 61 59 63 17 3
Oct. 4,796 2,389 571 663 873 254 47 459 222 53 68 85 25 6
Nov. 4,971 2,566 569 650 813 298 75 442 218 46 64 81 29 4
Dec. 4,712 2,744 574 519 678 180 17 403 213 54 56 63 15 2
2016-Jan. 5,187 2,653 652 773 928 160 21 474 226 59 74 97 16 3
Feb.* 5,199 2,449 534 691 1,229 161 134 483 216 54 67 127 12 6
Weekly (Friday) average
Jan. 15 5,045 2,723 482 854 774 189 23 458 229 43 80 86 18 2
Jan. 22 5,492 2,795 824 774 885 178 37 480 220 70 77 91 16 8
Jan. 29 5,295 2,799 558 906 877 138 17 479 248 43 83 90 13 2
Feb. 5 5,472 2,448 606 722 1,380 171 146 505 213 60 70 142 13 7
Feb. 12* 3,833 2,457 175 538 476 112 75 373 232 27 49 53 10 2
Daily
Feb. 2 6,050 2,499 505 640 2,115 264 25 568 206 44 76 221 20 1
Feb. 3 6,129 2,601 977 847 963 241 500 516 225 84 66 122 9 10
Feb. 4 4,872 2,296 532 611 1,251 162 20 481 208 67 65 123 16 2
Feb. 5 3,965 2,113 94 721 919 118 1 375 191 13 77 82 11 1
Feb. 8 3,833 2,457 175 538 476 112 75 373 232 27 49 53 10 2
* Data through February 8.

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* 10,776 9,164 352 114 125 147 874 395 318 11 4 6 7 49
Monthly average
2015-Sept. 1,034 369 90 16 66 68 426 55 24 3 1 4 3 20
Oct. 1,017 286 61 35 60 91 484 67 24 2 2 3 5 31
Nov. 909 230 19 13 35 127 485 59 19 1 1 3 5 31
Dec. 1,091 478 28 52 36 102 396 71 30 2 2 3 4 30
2016-Jan. 10,278 8,659 347 94 106 157 916 379 301 11 4 5 8 50
Feb.* 12,352 10,763 369 177 188 115 740 448 374 12 5 8 6 44
Weekly (Friday) average
Jan. 15 10,799 9,058 374 176 57 134 1,000 384 306 12 6 4 5 52
Jan. 22 9,222 7,907 276 36 164 147 693 350 284 9 2 5 8 42
Jan. 29 8,282 6,876 485 68 12 132 709 329 260 14 3 1 8 43
Feb. 5 12,258 10,522 423 195 207 129 783 444 365 13 5 8 6 48
Feb. 12* 12,820 11,970 95 84 97 45 529 466 417 4 5 5 7 28
Daily
Feb. 2 12,244 9,843 196 432 180 158 1,435 439 352 9 10 6 8 54
Feb. 3 10,671 9,364 185 160 102 162 698 399 337 5 4 3 8 42
Feb. 4 13,235 10,947 1,201 100 620 164 204 451 363 30 2 26 4 26
Feb. 5 13,000 12,010 437 75 25 88 365 457 404 16 2 2 5 28
Feb. 8 12,820 11,970 95 84 97 45 529 466 417 4 5 5 7 28
* Data through February 8.

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* 12,136 7,219 952 321 1,201 765 1,679 439 251 42 13 45 28 60
Monthly average
2015-Sept. 13,593 8,662 1,430 331 1,652 390 1,129 519 331 57 13 66 15 37
Oct. 12,955 7,738 1,564 541 1,446 300 1,365 478 288 57 16 54 14 49
Nov. 13,504 7,995 2,259 422 1,172 787 869 475 285 70 17 49 26 29
Dec. 13,420 8,138 1,171 447 1,140 883 1,640 458 273 43 15 45 31 51
2016-Jan. 12,271 7,270 973 341 1,306 765 1,616 445 256 41 13 49 28 58
Feb.* 11,708 7,057 887 255 867 765 1,877 419 237 43 11 34 27 67
Weekly (Friday) average
Jan. 15 11,829 7,076 856 368 1,213 537 1,779 433 252 32 13 49 22 64
Jan. 22 12,861 7,053 1,286 228 1,305 1,362 1,627 487 264 58 7 52 39 67
Jan. 29 11,323 7,051 931 266 1,256 544 1,275 412 250 45 9 45 21 42
Feb. 5 11,959 7,005 981 241 900 813 2,018 428 237 47 9 34 28 72
Feb. 12* 10,452 7,316 415 325 700 526 1,170 372 238 22 19 31 20 42
Daily
Feb. 2 13,497 7,351 1,300 372 1,055 664 2,754 483 261 52 15 32 24 99
Feb. 3 11,540 6,430 1,104 339 823 536 2,308 423 237 52 11 30 21 72
Feb. 4 11,632 6,051 1,252 303 1,165 796 2,064 425 205 60 9 44 24 83
Feb. 5 9,974 7,005 761 146 608 502 951 367 223 41 8 24 22 49
Feb. 8 10,452 7,316 415 325 700 526 1,170 372 238 22 19 31 20 42
* Data through February 8.

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* 77,205 44,944 7,987 3,799 6,829 4,257 9,389 3,635 1,935 387 253 434 213 412
Monthly average
2015-Sept. 85,561 53,120 10,927 4,250 7,113 3,145 7,005 3,768 2,174 476 261 400 165 292
Oct. 80,317 47,963 9,121 4,035 6,950 3,698 8,550 3,626 1,984 392 263 399 203 384
Nov. 78,246 51,033 8,453 3,925 5,810 3,693 5,332 3,430 2,015 357 258 360 187 254
Dec. 77,611 50,746 8,103 4,215 5,842 3,210 5,494 3,416 2,026 384 246 347 160 252
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.* 77,422 46,838 7,477 3,547 6,775 3,741 9,044 3,595 1,970 354 252 444 178 397
Weekly (Friday) average
Jan. 15 76,104 43,625 7,546 4,725 6,428 4,128 9,652 3,632 1,923 364 299 412 219 415
Jan. 22 78,007 45,146 9,232 3,559 6,164 6,004 7,902 3,729 1,998 456 229 394 259 392
Jan. 29 69,865 41,124 7,889 3,521 5,698 2,642 8,990 3,291 1,850 361 226 344 139 372
Feb. 5 78,125 45,720 7,886 3,545 7,318 3,921 9,737 3,631 1,930 376 248 470 183 425
Feb. 12* 73,905 52,429 5,431 3,560 4,063 2,840 5,582 3,414 2,166 248 271 314 157 258
Daily
Feb. 2 83,013 46,192 9,960 3,922 8,151 4,434 10,355 3,860 1,935 414 266 570 217 458
Feb. 3 76,368 41,225 7,879 3,333 6,786 4,442 12,702 3,581 1,791 414 229 439 200 508
Feb. 4 75,856 43,539 8,333 3,700 7,035 3,984 9,265 3,495 1,826 373 262 443 180 411
Feb. 5 74,227 48,141 5,803 3,934 6,896 3,439 6,014 3,352 1,950 286 291 379 152 294
Feb. 8 73,905 52,429 5,431 3,560 4,063 2,840 5,582 3,414 2,166 248 271 314 157 258
* Data through February 8.

Footnotes

1. Millions of dollars.

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Last update: February 9, 2016