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 October 30, 2014Posted October 31, 2014

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
2012 5,057 2,890 455 398 697 308 308 164 91 16 15 23 10 10
2013 3,005 1,080 411 460 491 292 270 122 42 15 20 21 11 12
2014* 4,766 2,717 715 246 433 310 344 183 103 24 11 18 12 16
Monthly average
2014-May 5,879 3,359 697 267 662 275 620 234 130 24 13 26 13 28
June 7,087 5,047 906 278 276 143 437 255 181 28 10 13 6 16
July 5,863 3,660 702 271 453 383 394 224 135 26 12 20 15 17
Aug. 6,074 3,321 1,083 243 557 414 456 212 112 32 10 23 17 19
Sept. 6,742 4,239 1,135 277 475 271 347 238 149 36 11 17 10 15
Oct.* 4,446 2,447 975 241 443 176 163 171 96 32 10 18 7 8
Weekly (Friday) average
Oct. 3 5,423 2,283 1,530 405 575 419 211 220 101 54 20 24 12 8
Oct. 10 4,378 3,129 364 74 618 73 121 172 121 12 3 25 3 8
Oct. 17 3,462 1,297 1,120 416 308 201 120 132 54 32 15 15 9 6
Oct. 24 4,892 2,771 1,259 135 357 268 103 189 108 42 6 15 9 8
Oct. 31* 4,245 2,559 624 278 311 232 242 148 94 18 11 10 8 8
Daily
Oct. 24 6,514 1,702 4,434 12 264 102 0 221 59 146 2 11 3 0
Oct. 27 6,444 4,688 395 128 753 190 290 209 158 8 4 22 5 12
Oct. 28 5,156 3,209 812 355 330 50 400 163 111 19 15 7 1 10
Oct. 29 2,604 1,162 556 558 2 277 50 105 45 23 23 1 12 1
Oct. 30 2,778 1,176 733 70 158 411 230 116 60 20 3 10 14 9
* Data through October 30.

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
2012 5,241 3,097 675 599 676 143 51 249 142 29 30 37 8 3
2013 3,985 1,986 773 557 500 114 55 341 173 61 47 46 10 4
2014* 4,851 2,887 665 587 560 102 50 427 248 58 55 52 10 4
Monthly average
2014-May 5,460 3,104 673 778 715 134 55 478 265 60 73 63 14 3
June 4,912 3,030 560 695 515 76 36 420 246 45 65 53 8 3
July 4,988 3,045 542 660 659 57 25 437 259 48 64 59 5 2
Aug. 4,585 3,015 491 467 524 63 25 411 266 47 42 46 6 3
Sept. 5,173 3,199 712 559 547 97 59 458 279 67 48 51 8 5
Oct.* 5,240 3,177 703 615 584 120 40 438 261 61 51 50 11 4
Weekly (Friday) average
Oct. 3 5,270 2,955 756 663 719 172 6 485 273 71 55 68 17 1
Oct. 10 4,553 2,868 711 501 342 64 67 392 250 54 41 35 6 7
Oct. 17 6,140 3,725 817 623 790 123 62 467 280 65 53 53 9 6
Oct. 24 5,252 3,292 608 641 558 114 39 436 264 59 53 47 10 3
Oct. 31* 4,765 3,090 562 579 417 100 17 419 258 50 52 46 10 3
Daily
Oct. 24 4,793 3,277 273 819 384 32 8 425 274 35 73 34 6 3
Oct. 27 4,730 3,405 412 449 284 153 26 408 289 33 38 30 14 4
Oct. 28 4,539 2,848 456 643 421 159 11 393 247 45 51 31 16 3
Oct. 29 4,530 3,021 447 475 526 36 25 417 257 48 37 68 3 4
Oct. 30 5,260 3,086 932 749 437 50 5 459 239 76 81 54 7 2
* Data through October 30.

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
2012 1,445 440 69 78 118 101 638 60 12 3 3 6 5 31
2013 1,406 497 86 49 100 133 541 72 26 3 2 6 6 29
2014* 3,309 2,483 164 36 68 103 455 147 108 6 2 4 4 23
Monthly average
2014-May 3,354 2,688 130 34 84 95 322 153 117 6 2 4 4 20
June 2,857 2,011 195 40 94 102 415 120 83 6 1 5 3 21
July 3,916 2,745 390 34 89 62 596 173 123 13 1 5 3 28
Aug. 4,748 3,904 129 42 76 79 518 213 172 4 2 5 4 26
Sept. 4,469 3,690 206 39 68 119 348 173 139 7 2 3 4 18
Oct.* 5,018 4,322 178 26 51 81 361 238 208 6 1 3 3 17
Weekly (Friday) average
Oct. 3 3,562 3,021 35 6 63 63 373 148 122 2 1 3 2 18
Oct. 10 4,757 3,887 258 6 80 85 441 238 199 9 1 6 4 18
Oct. 17 5,559 4,752 206 115 12 73 401 258 226 6 3 2 3 18
Oct. 24 4,436 3,731 248 3 50 64 340 227 200 7 1 2 2 16
Oct. 31* 6,051 5,642 50 1 27 84 248 272 249 2 0 2 3 16
Daily
Oct. 24 2,383 2,121 0 2 100 55 105 101 88 0 1 3 2 7
Oct. 27 4,900 4,659 0 0 20 160 62 208 193 0 0 1 6 8
Oct. 28 6,967 6,224 123 0 86 53 481 336 306 4 0 6 4 16
Oct. 29 6,531 6,023 50 4 0 50 405 296 254 3 1 0 1 37
Oct. 30 5,806 5,661 25 0 0 75 45 249 242 1 0 0 2 4
* Data through October 30.

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
2012 15,681 8,780 1,532 421 2,816 787 1,346 447 246 42 14 81 25 41
2013 11,175 6,208 943 269 1,998 619 1,138 431 248 33 10 70 25 46
2014* 9,233 4,810 762 295 1,649 461 1,256 378 205 36 11 61 19 47
Monthly average
2014-May 9,128 4,555 686 247 1,640 538 1,462 366 189 35 10 60 22 50
June 9,692 5,259 772 460 1,709 400 1,093 382 212 35 15 62 17 41
July 8,766 4,480 1,038 274 1,492 497 984 362 197 43 9 55 20 38
Aug. 9,132 4,375 792 344 1,724 356 1,541 394 201 39 12 68 16 59
Sept. 8,473 3,668 791 548 1,866 471 1,129 371 184 40 16 67 20 45
Oct.* 8,207 4,004 817 294 1,567 467 1,056 357 182 39 12 59 20 45
Weekly (Friday) average
Oct. 3 8,343 3,366 763 610 1,659 825 1,119 364 172 40 18 53 32 50
Oct. 10 7,453 3,754 673 283 1,247 441 1,056 335 170 37 12 54 19 44
Oct. 17 9,626 4,201 947 423 2,391 387 1,276 410 194 41 17 86 18 54
Oct. 24 8,451 4,287 962 302 1,531 304 1,065 360 196 42 12 58 13 40
Oct. 31* 7,637 4,339 554 271 1,372 237 865 318 181 30 12 48 10 36
Daily
Oct. 24 8,381 4,104 2,230 401 595 568 482 332 183 70 16 21 25 17
Oct. 27 8,889 4,738 264 262 2,123 125 1,377 369 206 12 8 82 3 58
Oct. 28 7,031 4,234 303 283 1,421 344 446 281 171 21 13 41 14 21
Oct. 29 7,501 4,181 731 301 1,063 240 985 290 163 37 15 38 6 31
Oct. 30 7,126 4,201 919 238 879 239 651 332 183 51 14 30 19 35
* Data through October 30.

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
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 77,384 48,518 9,644 3,265 6,513 2,586 6,858 3,190 1,889 364 188 326 129 295
2014* 79,186 51,807 8,775 3,080 6,416 2,478 6,630 3,418 2,097 368 189 338 127 299
Monthly average
2014-May 81,320 53,212 9,053 3,199 6,572 2,504 6,780 3,561 2,183 379 206 354 132 307
June 82,510 56,384 8,557 3,524 6,611 1,897 5,537 3,458 2,210 353 202 337 102 254
July 78,952 51,215 10,289 2,706 6,578 2,400 5,765 3,415 2,097 399 180 358 120 261
Aug. 82,889 53,752 10,490 2,758 6,833 2,288 6,768 3,489 2,136 392 174 354 120 313
Sept. 84,330 54,910 8,930 3,715 7,316 2,746 6,714 3,604 2,210 401 198 368 131 296
Oct.* 82,227 55,113 8,734 3,528 5,867 2,692 6,293 3,536 2,213 380 203 317 137 287
Weekly (Friday) average
Oct. 3 78,019 48,114 8,022 3,485 8,495 3,766 6,137 3,528 2,041 387 194 432 187 286
Oct. 10 81,816 56,215 7,543 3,120 5,683 2,135 7,119 3,497 2,240 335 193 312 113 304
Oct. 17 81,752 52,632 9,220 4,221 6,574 2,504 6,601 3,531 2,143 394 226 334 128 305
Oct. 24 81,631 55,847 9,410 3,410 5,043 2,569 5,352 3,487 2,241 392 195 270 128 261
Oct. 31* 81,627 57,271 7,701 3,524 4,939 2,372 5,821 3,459 2,266 340 201 282 118 251
Daily
Oct. 24 78,669 55,683 10,141 4,259 3,968 2,014 2,605 3,185 2,146 373 226 217 97 126
Oct. 27 79,188 59,329 2,777 2,562 6,339 2,595 5,586 3,314 2,291 183 153 316 128 243
Oct. 28 86,156 59,522 7,867 5,136 5,078 2,177 6,378 3,622 2,381 356 235 257 120 273
Oct. 29 81,858 53,920 11,651 3,229 4,576 2,319 6,163 3,429 2,149 424 184 297 115 260
Oct. 30 79,307 56,314 8,508 3,168 3,764 2,397 5,156 3,470 2,243 398 233 257 110 229
* Data through October 30.

Footnotes

1. Millions of dollars.

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Last update: October 31, 2014