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 August 3, 2015Posted August 4, 2015

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
2013 3,005 1,080 411 460 491 292 270 122 42 15 20 21 11 12
2014 4,926 2,892 736 251 425 292 330 189 109 25 11 18 12 15
2015* 5,242 3,329 751 366 416 175 206 197 125 23 16 17 7 9
Monthly average
2015-Mar. 4,256 2,403 829 423 401 67 133 179 108 29 16 17 3 5
Apr. 3,658 1,819 618 310 400 223 290 145 80 17 12 16 8 13
May 6,588 4,402 1,104 316 403 148 216 231 154 32 14 16 6 9
June 6,444 4,660 971 489 139 98 87 223 160 29 19 6 5 4
July 5,610 3,805 805 321 367 160 152 206 139 24 15 15 6 7
Aug.* 14,647 10,312 2,419 82 222 805 806 459 324 65 5 7 25 33
Weekly (Friday) average
July 10 6,325 5,030 458 159 259 261 157 230 175 15 11 10 13 6
July 17 4,439 2,602 669 640 381 35 112 165 92 18 27 19 2 7
July 24 6,093 4,468 939 266 292 38 90 206 149 29 11 10 2 5
July 31 5,570 4,138 640 163 281 173 175 215 167 19 6 13 5 5
Aug. 7* 14,647 10,312 2,419 82 222 805 806 459 324 65 5 7 25 33
Daily
July 28 6,216 5,713 200 16 150 61 75 247 226 5 2 10 2 2
July 29 2,708 1,912 430 102 25 114 125 100 74 10 6 4 3 3
July 30 5,967 3,145 959 600 470 425 369 209 124 29 12 21 12 11
July 31 3,767 2,619 730 62 42 163 151 209 156 31 9 3 5 5
Aug. 3 14,647 10,312 2,419 82 222 805 806 459 324 65 5 7 25 33
* Data through August 3.

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
2013 3,985 1,986 773 557 500 114 55 341 173 61 47 46 10 4
2014 4,885 2,874 654 614 570 117 55 428 245 57 57 54 11 4
2015* 5,308 2,958 690 669 768 171 53 466 238 60 70 79 16 4
Monthly average
2015-Mar. 6,007 3,545 804 598 841 187 33 546 306 70 68 85 15 2
Apr. 4,759 2,488 535 645 850 180 61 452 220 49 74 87 18 5
May 5,336 2,882 640 760 776 196 83 448 211 60 74 78 18 6
June 4,572 2,611 529 504 679 211 37 392 198 46 55 73 17 4
July 4,809 2,731 523 575 798 136 46 407 197 51 61 82 14 4
Aug.* 5,475 2,748 690 837 964 213 23 492 201 53 82 124 26 6
Weekly (Friday) average
July 10 5,190 2,817 556 694 930 122 71 430 197 52 60 104 13 4
July 17 5,138 3,077 574 491 795 109 90 443 222 57 56 88 12 8
July 24 4,636 2,745 517 508 663 185 18 393 196 52 62 63 18 2
July 31 4,048 2,333 408 573 602 120 13 347 178 42 62 54 10 1
Aug. 7* 5,475 2,748 690 837 964 213 23 492 201 53 82 124 26 6
Daily
July 28 3,666 2,061 288 562 577 157 20 300 156 31 56 37 19 1
July 29 3,668 2,238 283 408 688 33 18 311 161 24 45 76 4 1
July 30 3,996 2,386 501 610 448 51 0 371 203 48 70 45 5 0
July 31 4,242 2,446 450 561 675 86 25 357 175 60 53 61 7 1
Aug. 3 5,475 2,748 690 837 964 213 23 492 201 53 82 124 26 6
* Data through August 3.

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
2013 1,406 497 86 49 100 133 541 72 26 3 2 6 6 29
2014 2,983 2,185 148 33 66 107 444 134 97 5 2 3 4 23
2015* 1,141 466 134 25 78 107 331 64 30 5 1 4 5 18
Monthly average
2015-Mar. 945 456 124 17 41 72 235 64 34 6 1 4 4 15
Apr. 963 375 182 57 35 60 255 56 29 7 3 2 3 12
May 1,103 362 154 56 151 104 276 54 23 5 2 6 5 13
June 1,249 581 48 16 137 110 356 69 36 2 1 7 5 19
July 1,410 514 175 16 124 202 379 66 25 5 1 6 9 20
Aug.* 1,369 609 325 0 164 80 191 75 31 7 0 9 6 22
Weekly (Friday) average
July 10 1,402 495 110 17 44 138 598 54 20 3 1 2 7 21
July 17 1,355 554 180 25 118 100 377 70 31 4 2 5 7 20
July 24 1,305 431 212 20 218 241 183 71 24 7 1 8 11 20
July 31 1,432 522 171 9 134 366 231 66 26 6 1 7 12 13
Aug. 7* 1,369 609 325 0 164 80 191 75 31 7 0 9 6 22
Daily
July 28 1,642 609 253 16 354 391 20 72 27 10 1 18 13 3
July 29 1,557 311 375 0 15 272 584 70 21 9 0 4 9 27
July 30 1,082 289 25 0 47 319 401 58 22 2 0 5 8 21
July 31 1,540 654 101 28 131 547 80 78 30 8 4 5 21 10
Aug. 3 1,369 609 325 0 164 80 191 75 31 7 0 9 6 22
* Data through August 3.

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
2013 11,175 6,208 943 269 1,998 619 1,138 431 248 33 10 70 25 46
2014 9,408 4,894 794 307 1,624 489 1,300 382 207 37 11 59 20 48
2015* 10,414 5,854 949 364 1,512 578 1,156 401 232 40 14 52 21 42
Monthly average
2015-Mar. 9,074 4,698 851 400 1,449 564 1,113 370 206 37 14 50 21 41
Apr. 8,018 4,601 531 279 1,362 550 694 333 199 26 11 49 20 27
May 11,516 6,799 984 389 1,648 600 1,096 413 248 41 14 53 20 37
June 14,026 8,395 1,661 455 1,497 621 1,398 478 284 60 18 49 22 46
July 11,454 7,040 1,096 346 1,417 625 928 424 260 43 14 49 23 35
Aug.* 12,446 7,310 1,019 460 1,548 1,025 1,084 495 280 48 13 64 36 54
Weekly (Friday) average
July 10 13,131 7,951 1,384 345 1,347 966 1,138 477 285 54 14 50 32 42
July 17 12,152 7,247 1,090 393 1,704 628 1,090 443 258 43 16 57 25 44
July 24 10,540 6,667 797 240 1,382 652 802 392 253 31 11 44 24 28
July 31 9,347 6,331 736 266 1,227 284 503 355 240 33 12 42 9 19
Aug. 7* 12,446 7,310 1,019 460 1,548 1,025 1,084 495 280 48 13 64 36 54
Daily
July 28 8,021 6,184 258 100 443 657 379 289 215 15 4 18 19 18
July 29 8,904 6,062 887 345 1,186 40 385 347 242 40 14 42 1 8
July 30 8,657 6,516 668 110 972 105 285 339 261 29 5 31 4 9
July 31 11,013 6,711 1,119 637 1,359 390 798 434 261 52 28 48 11 34
Aug. 3 12,446 7,310 1,019 460 1,548 1,025 1,084 495 280 48 13 64 36 54
* Data through August 3.

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
2013 77,384 48,518 9,644 3,265 6,513 2,586 6,858 3,190 1,889 364 188 326 129 295
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* 79,312 50,638 8,634 3,635 6,522 2,991 6,891 3,387 1,983 360 237 367 149 290
Monthly average
2015-Mar. 75,993 49,543 8,223 3,551 6,366 2,622 5,689 3,426 2,067 364 232 365 140 258
Apr. 71,826 44,963 8,510 3,542 6,235 2,669 5,908 3,143 1,812 341 233 364 139 254
May 85,538 56,367 9,160 3,450 6,712 2,791 7,058 3,423 2,030 368 227 368 144 285
June 83,042 53,574 9,310 3,594 6,057 3,295 7,213 3,378 2,000 369 226 338 155 291
July 76,364 48,339 7,783 3,425 6,397 3,215 7,204 3,225 1,864 333 219 364 156 289
Aug.* 85,182 53,506 10,035 4,181 7,697 5,012 4,751 3,647 2,119 384 252 431 211 250
Weekly (Friday) average
July 10 79,519 49,225 7,099 3,286 6,914 3,677 9,317 3,345 1,846 322 219 428 170 360
July 17 73,004 47,419 7,146 3,888 6,589 2,327 5,635 3,189 1,850 313 240 389 135 261
July 24 76,942 49,559 8,340 3,033 5,629 3,512 6,869 3,192 1,913 343 196 305 167 268
July 31 72,950 49,804 6,695 3,051 5,010 3,261 5,128 3,061 1,949 286 204 275 145 203
Aug. 7* 85,182 53,506 10,035 4,181 7,697 5,012 4,751 3,647 2,119 384 252 431 211 250
Daily
July 28 74,632 52,183 5,944 2,756 4,606 3,281 5,863 3,004 1,947 266 185 235 160 211
July 29 71,590 48,456 7,815 3,339 4,416 2,648 4,915 2,989 1,879 305 199 303 116 187
July 30 72,508 48,219 8,664 3,341 4,846 3,520 3,919 3,138 2,037 311 201 247 149 193
July 31 66,259 44,019 4,438 3,283 4,961 4,252 5,304 3,023 1,848 267 233 292 162 221
Aug. 3 85,182 53,506 10,035 4,181 7,697 5,012 4,751 3,647 2,119 384 252 431 211 250
* Data through August 3.

Footnotes

1. Millions of dollars.

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Last update: August 4, 2015