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Data as of September 4, 2008
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
2006 1,447 952 134 110 137 100 15   98 58 12 10 10 6 1
2007 1,427 757 113 115 176 147 120 96 49 11 10 13 8 5
2008* 1,516 583 152 194 298 204 87 103 42 12 14 21 10 4
Monthly average
2008-Apr 1,257 467 190 164 198 189 50   84 34 13 14 12 9 2
May 1,632 622 172 252 282 234 70 101 38 14 15 17 14 3
Jun 1,663 593 204 213 279 213 161 100 37 16 14 17 9 7
Jul 1,293 391 164 172 287 189 90 99 32 15 13 24 10 5
Aug 1,429 470 109 238 393 170 49 93 32 8 17 26 8 2
Sep* 2,332 371 239 98 430 679 514 143 35 17 6 33 30 21
Weekly (Friday) average
2008-Aug 8 1,495 318 157 324 409 223 64   95 22 10 24 24 13 2
15 1,646 546 193 246 427 99 134 99 38 11 14 23 6 7
22 1,248 469 44 249 332 147 8 83 29 5 18 26 5 0
29 1,257 561 29 103 395 170 0 86 37 4 10 29 7 0
Sep 5* 2,332 371 239 98 430 679 514 143 35 17 6 33 30 21
Daily
2008-Aug 29 1,439 661 50 81 572 75 0   114 46 9 11 43 5 0
Sep 1 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
2 2,800 296 49 32 544 1,234 644 137 22 2 7 32 43 31
3 2,206 433 0 189 250 535 800 133 51 0 10 19 24 29
4 1,989 386 667 73 495 268 100 158 32 50 2 47 24 3
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 4.


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
2006 4,986 3,733 330 231 490 138 65   329 193 27 20 56 21 12
2007 6,573 5,120 443 315 447 174 73 432 290 38 29 47 19 8
2008* 7,929 6,131 596 480 514 166 42 528 356 52 47 51 18 4
Monthly average
2008-Apr 8,233 6,357 613 536 538 145 44   543 362 52 55 53 17 4
May 7,920 6,213 535 455 498 192 27 537 368 49 46 49 22 3
Jun 7,773 6,124 484 418 542 172 35 560 385 49 46 56 19 4
Jul 8,155 6,181 593 534 579 223 45 548 363 53 50 58 19 4
Aug 7,708 6,055 524 463 524 114 29 500 338 47 44 52 15 4
Sep* 8,177 5,943 634 479 901 198 22 546 329 55 54 81 22 5
Weekly (Friday) average
2008-Aug 8 7,279 5,562 412 490 650 105 60   472 289 40 44 79 14 7
15 7,528 6,006 561 298 455 169 38 492 333 61 33 41 19 5
22 8,353 6,617 644 462 533 81 15 520 376 48 37 41 15 2
29 7,738 6,145 474 548 474 97 0 517 361 39 57 47 12 0
Sep 5* 8,177 5,943 634 479 901 198 22 546 329 55 54 81 22 5
Daily
2008-Aug 29 6,485 5,183 386 446 327 143 0   449 314 41 50 32 12 0
Sep 1 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
2 8,770 6,481 506 288 1,350 110 36 610 372 58 53 105 17 5
3 7,700 5,295 840 664 763 125 13 525 306 56 60 85 16 2
4 8,062 6,055 557 486 589 360 17 503 310 50 49 52 33 9
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 4.


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
2006 18,569 13,841 1,013 591 1,226 1,013 885   1,050 713 69 47 93 58 70
2007 13,098 8,321 995 690 1,073 621 1,397 716 387 63 51 91 47 77
2008* 9,864 5,426 583 548 1,168 660 1,479 525 254 36 32 76 49 77
Monthly average
2008-Apr 11,810 6,620 905 637 1,490 726 1,432   602 297 50 36 90 56 73
May 10,854 5,715 873 624 1,245 781 1,616 585 286 42 33 80 67 76
Jun 8,904 4,684 648 476 904 709 1,483 502 237 36 24 57 48 100
Jul 8,323 4,408 427 377 1,167 585 1,359 475 229 30 25 74 41 77
Aug 9,030 4,515 421 678 1,036 716 1,663 454 213 28 33 64 43 74
Sep* 8,915 4,383 282 718 1,173 847 1,513 476 210 25 43 63 47 88
Weekly (Friday) average
2008-Aug 8 8,222 4,122 339 466 824 834 1,636   453 208 25 27 60 52 81
15 9,237 4,287 401 676 1,085 367 2,421 455 211 28 29 64 32 92
22 9,104 4,706 528 758 1,131 698 1,282 447 218 37 34 64 37 57
29 9,592 5,125 408 799 997 947 1,316 459 221 21 42 60 50 65
Sep 5* 8,915 4,383 282 718 1,173 847 1,513 476 210 25 43 63 47 88
Daily
2008-Aug 29 10,183 6,277 130 943 1,394 838 603   467 258 11 40 73 39 46
Sep 1 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
2 9,988 4,874 408 616 1,714 1,192 1,183 462 204 26 35 75 57 65
3 9,512 3,822 288 1,054 1,065 798 2,485 523 180 36 55 64 55 133
4 7,246 4,452 150 483 740 551 871 442 245 14 38 50 28 67
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 4.


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
2006 51,246 28,913 2,779 2,266 11,274 3,235 2,780   2,126 1,166 147 113 452 135 113
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* 61,266 40,044 3,645 2,598 8,606 2,743 3,629 1,875 1,173 112 84 281 103 122
Monthly average
2008-Apr 62,151 39,972 3,572 3,171 9,970 2,369 3,097   1,888 1,163 110 99 318 93 105
May 59,317 37,312 3,719 2,248 9,699 2,907 3,432 1,824 1,106 112 70 315 110 112
Jun 64,499 43,689 3,441 2,484 7,913 2,638 4,334 1,958 1,259 103 80 261 104 151
Jul 55,298 34,570 3,568 2,922 8,427 2,733 3,077 1,707 1,010 109 91 273 99 125
Aug 52,184 32,193 3,076 2,234 8,054 2,952 3,674 1,577 927 96 71 252 105 127
Sep* 50,687 30,929 3,368 2,776 6,626 2,914 4,075 1,542 885 108 91 233 103 123
Weekly (Friday) average
2008-Aug 8 52,807 32,313 3,315 1,961 7,786 3,790 3,641   1,599 933 106 66 236 124 134
15 54,345 31,905 3,038 2,063 10,233 2,620 4,485 1,627 922 100 62 307 94 143
22 53,213 31,749 2,553 2,610 8,864 3,534 3,903 1,627 917 80 78 283 131 137
29 49,486 33,435 3,526 1,938 5,587 2,026 2,973 1,474 946 102 69 181 76 100
Sep 5* 50,687 30,929 3,368 2,776 6,626 2,914 4,075 1,542 885 108 91 233 103 123
Daily
2008-Aug 29 43,364 30,455 2,064 2,212 5,115 2,042 1,476   1,307 881 65 78 156 76 51
Sep 1 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
2 51,967 31,945 3,428 3,844 6,199 3,353 3,198 1,595 906 107 116 235 122 109
3 51,505 31,602 3,423 2,172 7,326 2,820 4,163 1,543 911 118 86 230 87 111
4 48,589 29,239 3,252 2,314 6,352 2,569 4,864 1,489 838 99 71 234 99 148
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 4.


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
2006 155,038 103,524 9,362 6,563 20,311 7,676 7,603   7,865 4,691 621 442 1,136 450 525
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* 147,890 99,332 8,847 6,678 16,468 6,321 10,245 6,388 3,919 454 370 808 353 484
Monthly average
2008-Apr 152,149 100,808 9,485 7,359 18,553 6,110 9,833   6,329 3,806 480 398 857 345 442
May 142,287 91,929 8,725 6,257 18,501 7,011 9,864 6,143 3,659 419 332 866 407 460
Jun 142,170 96,155 8,089 6,419 14,647 6,350 10,509 6,034 3,695 397 337 705 364 535
Jul 136,826 90,557 7,973 6,751 15,704 6,673 9,168 5,866 3,538 404 359 746 355 463
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* 137,496 86,984 8,321 7,165 15,135 7,640 12,250 5,807 3,178 463 402 796 405 563
Weekly (Friday) average
2008-Aug 8 135,760 89,993 6,840 6,042 14,441 7,444 11,000   5,619 3,311 373 332 698 397 507
15 133,394 85,495 6,841 6,385 16,949 5,639 12,084 5,535 3,229 384 337 750 334 501
22 133,184 85,911 7,379 6,872 16,293 7,608 9,122 5,495 3,212 396 354 752 370 411
29 131,193 90,170 7,778 6,047 13,175 5,400 8,623 5,440 3,253 398 381 688 310 410
Sep 5* 137,496 86,984 8,321 7,165 15,135 7,640 12,250 5,807 3,178 463 402 796 405 563
Daily
2008-Aug 29 123,369 87,131 5,001 7,070 12,184 4,405 7,578   5,171 3,188 354 424 598 238 369
Sep 1 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
2 146,233 93,301 8,100 8,702 14,956 9,321 11,853 6,151 3,388 473 458 826 452 554
3 137,187 84,437 8,316 6,868 16,790 8,093 12,684 5,805 3,092 469 391 859 415 579
4 129,068 83,215 8,549 5,926 13,660 5,507 12,211 5,464 3,054 447 356 704 347 556
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 4.


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Last update: September 5, 2008