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 May 23, 2013Posted May 24, 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* 3,679 1,453 373 616 581 350 306 136 50 14 25 22 12 12
Monthly average
2012-Dec. 4,340 2,484 458 333 504 244 316 146 88 16 13 14 7 8
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* 2,346 296 237 504 455 395 459 106 11 11 25 21 16 23
Weekly (Friday) average
Apr. 26 1,753 49 263 611 354 364 112 79 4 12 28 14 14 7
May 3 1,687 280 84 271 521 231 301 94 16 5 17 25 13 18
May 10 2,310 200 314 425 415 452 503 96 6 14 20 18 18 20
May 17 2,446 370 195 612 487 456 327 109 11 8 29 23 18 19
May 24* 2,458 230 303 625 405 315 581 110 8 12 28 20 12 31
Daily
May 17 1,367 425 0 197 228 407 110 53 11 0 13 9 14 6
May 20 2,290 220 363 432 313 331 631 94 6 13 20 11 13 31
May 21 3,776 288 703 265 680 553 1,287 169 13 27 15 30 16 68
May 22 1,970 213 94 861 330 328 144 101 7 3 41 20 17 13
May 23 1,797 200 50 942 296 50 260 78 4 7 38 17 1 11
* Data through May 23.

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* 4,477 2,308 852 569 556 123 69 322 174 56 37 42 9 4
Monthly average
2012-Dec. 4,483 2,548 686 516 551 127 54 218 122 30 26 30 8 2
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* 4,093 2,206 752 471 523 115 26 395 216 66 45 54 12 2
Weekly (Friday) average
Apr. 26 4,155 2,392 904 258 536 44 20 414 240 79 28 60 4 4
May 3 4,935 2,630 996 630 610 51 18 434 237 83 53 55 4 1
May 10 3,792 2,182 658 472 352 95 34 352 203 51 46 37 11 3
May 17 4,158 2,221 687 436 600 185 29 408 220 63 45 64 15 2
May 24* 3,878 2,011 757 477 495 119 19 416 220 70 45 61 17 2
Daily
May 17 4,125 2,479 283 652 294 400 16 400 241 24 74 38 20 3
May 20 4,220 2,657 516 277 557 152 61 471 273 51 26 90 26 5
May 21 3,579 1,911 736 479 415 33 5 372 200 75 42 51 3 1
May 22 4,101 1,840 1,090 483 501 187 0 450 219 107 47 49 28 0
May 23 3,612 1,634 686 668 508 106 9 370 187 49 66 55 11 2
* Data through May 23.

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* 1,186 249 42 56 90 123 627 60 11 2 3 5 7 33
Monthly average
2012-Dec. 1,557 560 100 112 177 92 516 62 15 4 5 8 6 24
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* 1,192 294 35 42 161 117 543 61 15 2 2 8 6 28
Weekly (Friday) average
Apr. 26 1,026 319 32 21 148 152 354 56 16 1 1 7 7 24
May 3 1,303 284 3 92 122 212 588 65 18 0 3 6 10 28
May 10 1,103 194 60 63 148 116 520 64 14 3 3 8 5 31
May 17 1,347 485 12 30 201 107 513 68 22 1 2 9 7 28
May 24* 906 164 59 10 137 57 479 43 6 2 1 8 5 22
Daily
May 17 1,502 942 0 0 221 129 209 61 30 0 0 8 4 19
May 20 1,538 124 50 34 122 54 1,154 60 5 1 3 5 6 40
May 21 600 169 75 0 235 42 79 30 6 2 0 8 7 7
May 22 689 243 56 0 86 86 218 42 8 3 0 14 3 14
May 23 797 122 55 7 103 46 464 39 5 2 1 3 3 25
* Data through May 23.

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* 12,071 7,024 731 257 2,134 722 1,202 423 252 24 9 68 26 44
Monthly average
2012-Dec. 12,138 6,811 931 255 2,343 612 1,186 361 203 27 9 65 21 36
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* 10,274 6,021 612 230 1,771 604 1,036 441 270 23 10 68 27 44
Weekly (Friday) average
Apr. 26 11,313 6,681 480 210 2,406 674 862 462 291 16 8 83 27 37
May 3 9,921 6,479 473 291 1,506 430 743 437 288 18 12 60 20 39
May 10 10,942 6,178 609 233 1,772 681 1,469 447 267 21 8 66 29 55
May 17 9,893 6,221 800 117 1,400 571 785 432 282 32 5 54 23 35
May 24* 9,926 5,372 515 265 2,321 544 908 437 252 19 12 88 28 38
Daily
May 17 9,808 5,665 857 246 1,714 762 565 415 252 44 10 64 22 23
May 20 10,727 5,736 604 45 2,512 490 1,340 485 271 16 7 118 20 53
May 21 10,726 5,439 652 327 2,866 668 775 466 257 25 12 109 31 32
May 22 9,467 5,479 262 240 2,185 678 623 412 256 11 9 70 44 22
May 23 8,786 4,835 542 450 1,723 342 893 385 226 25 21 53 17 43
* Data through May 23.

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* 73,138 43,016 8,857 3,406 7,107 2,817 7,933 2,822 1,597 313 168 312 127 306
Monthly average
2012-Dec. 58,893 33,386 6,527 2,731 7,139 2,839 6,271 1,962 1,058 214 113 249 117 212
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* 76,810 47,398 10,182 2,977 6,510 2,462 7,282 3,399 2,016 383 194 354 132 320
Weekly (Friday) average
Apr. 26 73,888 45,404 10,575 2,685 6,825 2,276 6,123 3,259 1,967 413 159 340 118 263
May 3 69,500 41,436 9,264 2,976 6,529 2,626 6,669 3,210 1,839 374 197 361 130 310
May 10 78,250 49,816 9,517 2,799 5,686 2,532 7,901 3,382 2,080 350 183 298 140 332
May 17 79,164 49,236 10,758 2,637 6,245 2,723 7,565 3,509 2,107 386 192 349 145 330
May 24* 78,139 47,153 11,811 3,453 7,580 1,905 6,236 3,422 1,963 431 216 414 116 282
Daily
May 17 80,238 49,008 9,761 3,221 7,673 3,710 6,865 3,458 2,056 338 249 379 139 297
May 20 74,283 45,921 10,051 2,636 6,061 1,983 7,631 3,305 1,970 329 165 405 119 317
May 21 89,179 49,525 17,701 3,578 9,621 2,086 6,667 3,776 2,035 590 226 470 123 332
May 22 77,944 49,561 9,827 3,198 6,496 2,464 6,398 3,454 2,026 430 190 385 148 275
May 23 71,148 43,606 9,664 4,398 8,143 1,089 4,247 3,154 1,822 374 283 394 75 206
* Data through May 23.

Footnotes

1. Millions of dollars.

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Last update: May 24, 2013