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 June 17, 2013Posted June 18, 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* 3,488 1,330 385 581 552 333 306 132 46 15 25 21 12 12
Monthly average
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 2,269 358 190 462 482 346 430 103 13 9 23 22 15 21
June* 2,419 560 650 387 276 248 298 104 15 32 19 13 13 11
Weekly (Friday) average
May 24 2,206 224 244 569 374 321 474 97 7 10 26 18 11 25
May 31 2,210 663 35 312 655 141 405 107 28 4 19 30 8 18
June 7 2,256 332 508 378 416 199 422 100 7 28 17 19 15 15
June 14 2,440 832 640 379 154 223 211 105 24 32 23 8 9 9
June 21* 3,131 342 1,409 470 185 616 109 124 12 57 17 12 19 7
Daily
June 11 2,001 685 530 290 93 106 297 90 17 37 15 4 6 11
June 12 2,402 987 325 382 145 267 296 100 28 17 23 10 8 14
June 13 3,338 1,602 978 232 232 226 67 142 49 60 10 12 8 3
June 14 2,192 328 672 532 266 172 222 95 12 20 37 10 6 10
June 17 3,131 342 1,409 470 185 616 109 124 12 57 17 12 19 7
* Data through June 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* 4,405 2,273 841 567 540 116 69 330 178 57 40 42 9 4
Monthly average
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 4,065 2,146 785 472 529 107 27 391 210 66 46 55 12 2
June* 3,952 2,109 711 592 391 68 82 380 211 59 61 36 6 7
Weekly (Friday) average
May 24 3,888 2,094 743 477 442 106 26 405 221 65 47 56 14 2
May 31 3,981 1,820 946 473 630 85 26 385 185 74 48 64 12 3
June 7 4,036 2,106 726 681 394 62 67 389 208 59 71 37 4 10
June 14 3,899 2,101 686 546 376 77 113 376 214 58 55 36 8 5
June 21* 3,801 2,161 764 379 447 50 0 355 214 59 44 37 1 0
Daily
June 11 4,525 2,344 632 373 501 124 550 374 218 45 25 53 13 20
June 12 4,103 1,887 1,199 440 464 101 13 397 191 106 42 46 9 3
June 13 3,539 1,969 822 480 226 42 0 328 195 67 36 23 7 0
June 14 3,637 2,088 488 695 325 40 1 384 230 55 74 19 5 1
June 17 3,801 2,161 764 379 447 50 0 355 214 59 44 37 1 0
* Data through June 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* 1,163 258 37 52 86 121 608 58 11 2 3 5 6 32
Monthly average
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 1,144 289 32 40 133 105 546 58 14 1 3 6 5 28
June* 1,040 337 5 23 76 136 462 45 11 1 1 4 5 24
Weekly (Friday) average
May 24 966 229 53 27 119 56 482 44 8 2 2 6 4 22
May 31 925 213 17 18 35 68 575 48 6 1 3 3 4 32
June 7 853 260 0 29 60 164 340 35 9 0 1 3 7 16
June 14 1,094 472 11 22 62 100 426 50 14 1 1 3 4 27
June 21* 1,700 48 0 0 225 173 1,254 74 4 0 0 17 5 48
Daily
June 11 1,303 444 0 0 10 0 849 56 12 0 0 1 0 43
June 12 1,173 44 4 0 113 157 856 62 3 3 0 5 6 45
June 13 541 352 50 0 0 100 39 23 11 2 0 0 3 7
June 14 1,300 826 2 102 188 112 70 55 26 2 4 7 6 10
June 17 1,700 48 0 0 225 173 1,254 74 4 0 0 17 5 48
* Data through June 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* 11,796 6,873 730 254 2,062 706 1,172 425 254 24 10 67 26 44
Monthly average
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 10,099 5,997 649 211 1,754 545 943 434 270 26 9 66 24 40
June* 10,346 5,936 701 268 1,578 719 1,144 449 258 27 13 61 34 56
Weekly (Friday) average
May 24 9,832 5,437 598 240 2,179 530 847 433 255 25 12 81 26 35
May 31 9,514 5,969 736 147 1,717 314 632 407 275 29 6 57 14 26
June 7 9,894 5,645 707 410 1,408 736 988 442 250 26 22 61 36 48
June 14 10,523 6,039 720 170 1,708 602 1,284 449 263 28 6 57 30 64
June 21* 11,726 6,875 581 50 1,772 1,223 1,224 484 278 27 1 74 47 57
Daily
June 11 9,796 5,686 988 27 875 799 1,420 423 254 29 1 28 36 75
June 12 10,229 6,653 290 201 811 666 1,608 430 285 10 5 30 31 69
June 13 8,838 5,577 1,011 76 1,129 400 645 380 239 43 3 42 24 29
June 14 12,033 6,129 1,095 200 3,038 242 1,329 504 270 48 10 97 10 69
June 17 11,726 6,875 581 50 1,772 1,223 1,224 484 278 27 1 74 47 57
* Data through June 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* 73,809 44,009 9,164 3,329 6,882 2,724 7,700 2,903 1,663 327 174 310 125 304
Monthly average
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 76,844 47,924 10,403 2,804 6,340 2,290 7,084 3,377 2,019 392 187 346 124 309
June* 78,479 50,447 11,047 3,136 5,343 2,342 6,165 3,458 2,102 412 231 285 128 300
Weekly (Friday) average
May 24 77,453 47,088 12,012 3,338 7,149 1,845 6,020 3,368 1,958 430 209 392 108 272
May 31 77,525 50,431 10,737 2,053 5,847 1,731 6,725 3,339 2,054 418 158 322 104 284
June 7 77,614 49,773 10,180 3,582 5,424 2,348 6,306 3,473 2,087 387 269 307 131 290
June 14 77,785 50,645 10,974 2,940 5,121 2,263 5,841 3,383 2,081 412 211 249 123 308
June 21* 86,273 52,823 15,749 1,881 6,043 2,701 7,076 3,755 2,285 534 142 356 130 308
Daily
June 11 85,495 53,218 17,087 2,292 4,282 1,915 6,701 3,607 2,157 528 195 214 128 385
June 12 72,556 48,897 10,472 2,509 3,257 2,549 4,872 3,260 2,035 469 168 215 122 251
June 13 72,894 46,549 9,775 3,563 4,790 2,180 6,038 3,241 1,933 428 211 241 121 307
June 14 71,742 46,643 8,472 3,405 7,854 1,460 3,907 3,219 1,996 352 248 305 81 237
June 17 86,273 52,823 15,749 1,881 6,043 2,701 7,076 3,755 2,285 534 142 356 130 308
* Data through June 17.

Footnotes

1. Millions of dollars.

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Last update: June 18, 2013