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 March 3, 2015Posted March 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* 4,870 2,959 413 344 644 246 265 191 112 14 16 27 10 12
Monthly average
2014-Oct. 4,366 2,397 946 232 448 172 172 169 95 31 10 18 7 9
Nov. 5,845 3,714 781 283 514 269 285 211 129 26 11 21 12 13
Dec. 5,808 3,955 919 280 269 149 236 227 152 34 13 12 7 10
2015-Jan. 4,944 3,033 240 416 660 351 243 194 114 8 19 27 14 11
Feb. 4,805 2,869 580 285 597 158 316 188 108 20 14 26 7 14
Mar.* 4,760 3,081 557 174 927 21 0 194 129 16 9 38 2 0
Weekly (Friday) average
Feb. 6 4,958 2,912 855 324 555 160 152 188 108 31 14 21 7 6
Feb. 13 4,909 3,357 310 200 562 110 370 184 114 12 14 23 5 16
Feb. 20 3,987 2,392 420 157 446 301 270 162 98 14 9 19 13 10
Feb. 27 5,202 2,720 702 435 796 89 461 213 108 21 17 40 5 22
Mar. 6* 4,760 3,081 557 174 927 21 0 194 129 16 9 38 2 0
Daily
Feb. 25 3,892 1,293 738 678 212 40 931 176 65 26 21 17 1 46
Feb. 26 4,633 1,268 1,314 880 831 131 210 199 60 41 40 34 5 19
Feb. 27 3,673 1,861 2 338 1,423 50 0 190 99 2 15 68 6 0
Mar. 2 5,774 3,306 406 278 1,742 42 0 237 137 13 14 70 3 0
Mar. 3 3,746 2,856 708 70 113 0 0 150 121 19 4 6 0 0
* Data through March 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* 5,994 3,345 917 816 713 145 59 521 276 72 82 72 14 5
Monthly average
2014-Oct. 5,227 3,179 693 622 574 121 38 437 260 60 53 50 10 4
Nov. 5,184 2,728 609 961 594 220 72 436 227 50 79 55 20 5
Dec. 4,959 2,853 601 583 657 175 90 427 231 51 58 63 17 6
2015-Jan. 5,727 3,039 889 810 806 143 40 507 256 76 75 80 15 4
Feb. 6,088 3,494 961 824 596 134 79 521 283 68 89 62 13 6
Mar.* 7,779 4,982 783 805 892 260 59 666 397 69 87 90 21 3
Weekly (Friday) average
Feb. 6 6,385 3,496 1,107 760 827 130 65 562 302 90 71 80 13 7
Feb. 13 6,005 3,543 816 886 546 167 49 516 284 59 99 53 14 7
Feb. 20 5,947 3,071 1,258 837 486 131 164 498 246 67 104 65 11 5
Feb. 27 5,987 3,781 722 816 503 108 56 503 294 55 86 49 14 5
Mar. 6* 7,779 4,982 783 805 892 260 59 666 397 69 87 90 21 3
Daily
Feb. 25 6,503 3,943 1,331 620 487 82 39 476 253 94 67 44 12 6
Feb. 26 5,413 3,427 496 802 427 184 78 499 308 43 85 44 15 4
Feb. 27 7,155 4,850 723 984 454 51 94 580 387 36 105 40 6 6
Mar. 2 7,619 4,967 484 859 1,032 277 0 710 426 54 85 128 17 0
Mar. 3 7,940 4,996 1,081 751 752 242 117 623 368 84 89 51 25 6
* Data through March 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* 1,149 484 116 7 29 97 416 68 33 5 1 2 4 23
Monthly average
2014-Oct. 4,862 4,151 173 25 53 80 380 231 200 6 1 3 3 18
Nov. 1,485 857 36 19 60 123 391 83 50 1 1 3 6 22
Dec. 1,166 507 83 18 49 135 374 63 32 4 1 3 4 20
2015-Jan. 1,185 473 119 3 34 113 443 71 34 5 1 2 5 25
Feb. 1,116 489 125 6 18 87 391 65 32 6 1 2 3 21
Mar.* 1,088 551 12 60 78 18 368 72 36 1 2 2 6 25
Weekly (Friday) average
Feb. 6 1,237 658 123 12 4 75 365 67 39 4 1 0 4 19
Feb. 13 1,260 541 114 0 37 69 498 62 31 5 0 2 2 22
Feb. 20 942 381 163 7 6 132 253 59 27 8 0 1 4 18
Feb. 27 991 355 107 6 21 82 420 70 29 7 1 3 4 26
Mar. 6* 1,088 551 12 60 78 18 368 72 36 1 2 2 6 25
Daily
Feb. 25 1,182 302 250 0 10 100 520 74 30 13 0 2 2 27
Feb. 26 1,137 300 250 0 14 101 471 72 27 15 0 1 6 23
Feb. 27 1,029 407 2 16 12 40 552 73 30 3 4 4 1 31
Mar. 2 1,048 597 0 95 50 2 304 69 38 0 3 1 1 26
Mar. 3 1,127 505 25 24 107 34 432 76 34 2 2 4 10 24
* Data through March 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* 9,309 4,639 742 336 1,595 521 1,475 390 211 35 13 56 21 54
Monthly average
2014-Oct. 8,280 4,032 828 295 1,511 536 1,077 359 183 40 12 57 21 46
Nov. 10,463 5,144 946 447 1,563 679 1,684 423 213 43 17 57 27 66
Dec. 10,202 5,503 969 309 1,493 533 1,395 390 225 39 11 50 20 47
2015-Jan. 8,581 4,101 687 298 1,638 567 1,289 368 194 33 12 58 22 49
Feb. 10,020 5,103 791 375 1,611 489 1,652 412 226 37 15 56 19 58
Mar.* 9,835 5,617 839 331 1,018 371 1,659 394 240 32 11 30 22 59
Weekly (Friday) average
Feb. 6 9,981 4,770 791 253 1,515 321 2,330 423 213 40 10 55 20 84
Feb. 13 9,571 5,084 546 614 1,605 392 1,329 393 220 30 22 58 16 47
Feb. 20 10,774 5,136 902 346 2,540 343 1,506 422 221 39 14 83 16 49
Feb. 27 9,907 5,430 945 282 968 868 1,413 413 250 40 13 35 24 51
Mar. 6* 9,835 5,617 839 331 1,018 371 1,659 394 240 32 11 30 22 59
Daily
Feb. 25 10,342 5,271 1,459 159 1,371 1,027 1,055 437 251 57 12 46 31 40
Feb. 26 9,856 4,767 1,143 396 525 847 2,178 381 219 51 12 15 20 64
Feb. 27 8,934 4,776 798 326 678 981 1,374 397 234 48 11 29 26 49
Mar. 2 10,982 6,263 490 182 1,093 454 2,499 417 251 25 11 33 20 77
Mar. 3 8,687 4,970 1,187 480 943 288 820 372 230 40 11 26 24 41
* Data through March 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* 81,598 51,199 8,665 3,917 7,006 3,106 7,706 3,580 2,072 373 263 386 154 331
Monthly average
2014-Oct. 81,536 54,478 8,703 3,523 5,818 2,741 6,272 3,513 2,193 378 205 316 136 284
Nov. 91,847 61,892 9,409 4,392 5,878 3,322 6,954 3,788 2,336 395 254 318 163 321
Dec. 83,468 57,827 7,854 3,318 5,991 3,068 5,409 3,502 2,274 337 199 312 151 229
2015-Jan. 80,779 50,071 8,372 3,847 7,219 3,696 7,573 3,554 2,023 369 253 407 179 322
Feb. 82,508 52,158 9,107 4,075 6,720 2,546 7,903 3,596 2,104 382 276 366 128 340
Mar.* 81,158 53,362 7,409 3,112 7,600 2,514 7,161 3,692 2,260 327 240 380 149 335
Weekly (Friday) average
Feb. 6 81,516 51,789 8,661 3,299 6,776 2,717 8,274 3,586 2,131 378 218 361 149 350
Feb. 13 83,667 54,894 8,143 4,692 5,606 2,593 7,739 3,576 2,146 339 309 332 132 318
Feb. 20 84,844 52,138 10,807 4,137 7,549 2,312 7,901 3,662 2,087 437 286 394 113 346
Feb. 27 80,470 49,806 9,156 4,183 7,114 2,515 7,696 3,572 2,047 385 293 381 117 348
Mar. 6* 81,158 53,362 7,409 3,112 7,600 2,514 7,161 3,692 2,260 327 240 380 149 335
Daily
Feb. 25 86,916 53,254 11,667 4,837 6,510 2,491 8,156 3,718 2,110 497 292 369 109 341
Feb. 26 79,312 48,321 9,416 4,565 5,429 2,944 8,638 3,506 1,996 436 324 317 116 317
Feb. 27 73,370 44,109 8,030 5,007 7,422 2,442 6,359 3,455 1,974 351 325 390 119 296
Mar. 2 80,945 53,972 5,187 2,607 10,152 2,162 6,864 3,814 2,351 245 254 497 131 336
Mar. 3 81,370 52,752 9,630 3,617 5,048 2,865 7,458 3,570 2,170 409 227 263 167 334
* Data through March 3.

Footnotes

1. Millions of dollars.

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Last update: March 4, 2015