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 September 26, 2014Posted September 29, 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* 4,794 2,750 681 245 432 319 367 184 104 23 11 18 13 17
Monthly average
2014-Apr. 2,711 1,192 494 285 228 312 200 120 61 18 11 11 10 10
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.* 6,877 4,424 1,135 265 476 203 373 240 153 36 10 17 8 17
Weekly (Friday) average
Aug. 29 4,849 2,998 381 337 691 279 163 176 104 11 15 27 11 8
Sept. 5 7,412 4,000 1,945 323 619 235 290 255 139 61 10 21 9 15
Sept. 12 5,430 3,428 669 153 457 220 505 193 118 20 8 16 9 22
Sept. 19 8,351 5,239 1,884 369 292 228 340 285 179 58 12 10 12 14
Sept. 26* 6,420 4,946 205 228 565 136 340 231 174 9 8 22 4 16
Daily
Sept. 22 6,856 5,895 76 0 835 50 0 227 199 5 0 22 1 0
Sept. 23 6,915 5,526 99 25 602 250 413 265 195 5 1 29 9 26
Sept. 24 11,212 9,453 119 50 996 175 419 371 292 10 2 43 5 19
Sept. 25 3,465 1,825 730 150 290 170 300 145 90 23 4 12 4 12
Sept. 26 3,649 2,030 0 917 100 35 567 149 92 0 33 2 1 21
* Data through September 26.

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* 4,811 2,853 661 585 560 101 51 425 246 58 55 53 10 4
Monthly average
2014-Apr. 4,656 2,707 667 628 514 115 25 408 229 60 59 47 10 2
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.* 5,245 3,214 727 570 570 101 63 459 278 69 49 51 8 5
Weekly (Friday) average
Aug. 29 4,747 3,189 545 299 600 71 43 400 260 54 28 47 6 5
Sept. 5 5,435 3,277 786 625 528 100 118 472 274 72 54 50 12 9
Sept. 12 4,503 2,720 618 621 439 79 26 390 233 58 52 36 7 3
Sept. 19 5,612 3,415 698 610 778 54 58 482 299 66 51 57 6 3
Sept. 26* 5,470 3,458 818 435 526 170 62 494 303 80 38 61 8 5
Daily
Sept. 22 5,786 3,937 641 508 452 106 141 522 357 46 45 58 8 8
Sept. 23 5,570 3,408 1,238 285 379 151 110 486 284 105 24 47 15 11
Sept. 24 5,067 3,374 766 203 654 64 5 499 299 75 27 91 6 1
Sept. 25 5,273 3,066 1,050 418 668 15 56 480 251 124 43 56 1 5
Sept. 26 5,653 3,504 396 760 478 515 0 484 322 51 49 51 11 0
* Data through September 26.

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* 3,126 2,281 165 37 71 107 466 137 97 6 2 4 5 24
Monthly average
2014-Apr. 2,374 1,553 95 55 72 108 491 99 62 4 2 3 5 23
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.* 4,685 3,868 228 43 72 131 343 182 146 8 2 3 5 18
Weekly (Friday) average
Aug. 29 5,678 4,944 182 13 90 125 324 253 213 6 2 6 7 20
Sept. 5 5,904 4,740 472 11 182 196 303 255 208 15 2 6 6 17
Sept. 12 4,249 3,354 190 16 44 128 517 157 114 7 1 4 5 25
Sept. 19 4,971 4,213 251 137 47 106 217 198 165 7 3 3 5 14
Sept. 26* 3,860 3,339 47 2 38 108 327 133 109 3 1 2 3 15
Daily
Sept. 22 3,730 3,293 62 3 107 31 234 146 116 8 2 3 2 15
Sept. 23 4,855 3,321 111 2 60 405 957 147 103 3 1 4 10 26
Sept. 24 3,634 3,250 37 0 0 102 245 126 102 4 0 0 4 16
Sept. 25 3,769 3,614 25 0 0 0 131 119 110 1 0 0 0 8
Sept. 26 3,312 3,215 0 4 23 0 69 126 113 0 2 1 0 10
* Data through September 26.

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* 9,351 4,914 759 284 1,653 462 1,278 381 208 35 10 61 19 47
Monthly average
2014-Apr. 8,465 4,629 600 158 1,478 429 1,171 343 195 31 6 53 16 41
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.* 8,421 3,680 830 471 1,835 492 1,112 373 184 41 15 67 21 45
Weekly (Friday) average
Aug. 29 8,767 4,084 903 291 1,603 247 1,640 366 194 43 11 57 11 50
Sept. 5 8,190 3,623 960 307 1,098 585 1,616 373 183 44 10 44 24 68
Sept. 12 8,720 3,780 872 776 1,415 586 1,291 385 190 39 22 55 23 56
Sept. 19 9,132 3,905 775 629 2,581 400 843 398 192 41 20 92 20 34
Sept. 26* 7,593 3,400 737 139 2,100 417 800 335 169 40 6 74 19 26
Daily
Sept. 22 9,154 3,721 572 278 3,572 188 824 387 176 33 10 128 14 26
Sept. 23 6,023 3,394 180 111 1,507 651 180 276 167 22 6 55 22 4
Sept. 24 7,429 3,821 840 166 1,577 513 513 329 185 44 8 49 25 18
Sept. 25 7,703 2,926 1,078 74 2,295 448 881 338 152 53 4 79 21 29
Sept. 26 7,657 3,139 1,016 64 1,551 287 1,600 343 167 49 4 57 13 53
* Data through September 26.

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* 78,974 51,546 8,825 3,025 6,445 2,452 6,682 3,408 2,087 367 188 339 126 301
Monthly average
2014-Apr. 68,804 43,495 7,555 2,882 5,717 2,519 6,636 3,081 1,855 339 178 297 126 287
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.* 86,150 56,315 9,388 3,739 7,089 2,755 6,865 3,655 2,245 416 199 360 131 303
Weekly (Friday) average
Aug. 29 84,241 55,180 10,200 2,475 7,807 1,755 6,824 3,523 2,191 398 163 374 103 295
Sept. 5 86,446 52,390 11,946 3,859 7,364 2,342 8,545 3,684 2,118 484 218 385 113 367
Sept. 12 80,969 53,192 9,314 3,651 5,956 2,591 6,265 3,484 2,118 403 211 326 127 300
Sept. 19 88,140 57,712 9,438 4,824 7,678 2,734 5,754 3,718 2,326 419 223 356 143 252
Sept. 26* 89,104 61,182 7,366 2,644 7,411 3,271 7,231 3,739 2,393 371 150 380 138 306
Daily
Sept. 22 88,925 61,537 6,276 3,157 8,270 2,066 7,619 3,746 2,434 338 173 409 94 298
Sept. 23 90,610 62,393 8,582 3,282 6,547 3,902 5,904 3,737 2,408 399 156 331 178 265
Sept. 24 92,336 63,918 8,789 1,368 7,942 3,373 6,946 3,922 2,467 397 108 419 170 361
Sept. 25 87,533 57,640 8,965 2,139 7,878 3,108 7,804 3,680 2,241 448 134 407 122 328
Sept. 26 86,116 60,420 4,217 3,275 6,416 3,904 7,883 3,609 2,417 274 177 334 127 280
* Data through September 26.

Footnotes

1. Millions of dollars.

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Last update: September 29, 2014