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 3, 2016Posted May 4, 2016

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
2014 4,926 2,892 736 251 425 292 330 189 109 25 11 18 12 15
2015 6,135 3,973 833 369 460 317 183 226 142 27 16 20 13 8
2016* 6,386 3,480 961 339 595 619 393 258 137 33 15 28 26 20
Monthly average
2015-Dec. 6,638 4,386 936 487 438 279 112 246 148 36 21 22 13 5
2016-Jan. 7,925 4,444 990 370 774 864 483 337 182 39 14 37 40 25
Feb. 6,742 3,870 950 310 680 624 309 262 146 32 15 31 24 15
Mar. 5,264 2,891 949 359 417 404 244 210 112 31 17 20 16 13
Apr. 5,457 2,584 888 334 503 594 554 224 107 28 14 24 25 26
May* 10,881 6,605 1,686 149 1,053 965 424 388 231 48 10 40 43 18
Weekly (Friday) average
Apr. 8 5,883 3,201 761 142 540 680 559 241 129 26 7 29 26 23
Apr. 15 5,620 2,888 826 454 492 718 242 222 113 24 22 20 27 16
Apr. 22 5,077 1,941 1,049 282 427 498 880 211 88 34 9 19 23 37
Apr. 29 5,514 2,549 974 438 545 453 556 230 106 27 16 27 24 30
May 6* 10,881 6,605 1,686 149 1,053 965 424 388 231 48 10 40 43 18
Daily
Apr. 27 4,728 1,456 815 824 262 704 667 182 59 24 20 17 31 31
Apr. 28 6,263 2,353 1,050 563 1,103 447 746 259 90 27 19 46 33 44
Apr. 29 3,296 1,587 288 454 596 257 114 142 58 10 27 24 15 8
May 2 11,716 6,996 2,365 107 1,474 475 299 396 237 64 5 51 26 13
May 3 10,045 6,214 1,007 190 631 1,454 548 380 225 31 14 28 60 22
* Data through May 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
2014 4,885 2,874 654 614 570 117 55 428 245 57 57 54 11 4
2015 5,085 2,827 638 631 750 189 50 451 228 57 67 77 18 4
2016* 5,109 2,768 628 688 834 152 39 483 249 61 70 86 14 3
Monthly average
2015-Dec. 4,712 2,744 574 519 678 180 17 403 213 54 56 63 15 2
2016-Jan. 5,187 2,653 652 773 928 160 21 474 226 59 74 97 16 3
Feb. 5,242 2,750 662 724 905 139 61 500 251 65 73 94 13 4
Mar. 4,831 2,753 651 554 672 177 23 449 247 59 58 68 16 2
Apr. 5,053 2,829 545 700 811 118 49 496 266 61 74 83 10 3
May* 6,825 3,574 684 914 1,312 260 81 642 298 70 102 130 38 4
Weekly (Friday) average
Apr. 8 5,172 2,765 501 727 1,075 89 14 485 245 54 81 95 8 2
Apr. 15 5,127 2,839 644 649 750 181 63 511 272 73 64 83 14 5
Apr. 22 4,859 2,841 566 643 666 122 21 495 274 68 66 74 11 2
Apr. 29 5,037 2,927 496 706 712 86 110 493 280 54 77 73 6 2
May 6* 6,825 3,574 684 914 1,312 260 81 642 298 70 102 130 38 4
Daily
Apr. 27 5,313 3,253 540 855 569 56 40 512 307 41 105 55 3 1
Apr. 28 5,325 2,712 606 858 629 11 510 458 239 44 100 60 4 11
Apr. 29 4,850 2,980 366 717 676 111 0 456 273 46 79 50 8 0
May 2 6,428 3,733 686 849 856 259 44 606 289 79 93 101 41 3
May 3 7,222 3,415 681 979 1,768 260 118 678 306 61 110 159 36 6
* Data through May 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
2014 2,983 2,185 148 33 66 107 444 134 97 5 2 3 4 23
2015 1,113 425 118 28 75 106 362 64 28 4 2 4 5 21
2016* 12,855 11,600 294 76 106 123 655 421 357 9 3 5 5 41
Monthly average
2015-Dec. 1,091 478 28 52 36 102 396 71 30 2 2 3 4 30
2016-Jan. 10,278 8,659 347 94 106 157 916 379 301 11 4 5 8 50
Feb. 13,418 11,884 446 107 128 140 712 463 394 13 4 5 6 41
Mar. 13,468 12,201 332 98 143 126 569 459 397 10 3 7 4 37
Apr. 13,695 12,995 79 13 53 77 479 376 327 3 1 4 4 38
May* 15,820 15,154 115 25 18 67 441 436 382 2 1 2 4 45
Weekly (Friday) average
Apr. 8 12,769 12,067 47 6 51 89 510 372 319 2 0 5 3 43
Apr. 15 13,515 12,709 113 2 83 48 560 374 325 5 0 3 3 38
Apr. 22 16,107 15,399 120 43 35 53 456 418 374 4 1 3 2 33
Apr. 29 12,913 12,342 50 2 11 107 401 348 300 2 0 2 6 38
May 6* 15,820 15,154 115 25 18 67 441 436 382 2 1 2 4 45
Daily
Apr. 27 16,973 16,275 86 0 29 286 297 431 386 3 0 3 11 28
Apr. 28 16,073 15,343 128 0 4 0 599 443 379 4 0 1 0 59
Apr. 29 868 337 10 0 3 14 504 58 17 1 0 1 3 36
May 2 15,833 14,901 230 50 0 63 589 444 377 5 1 0 2 59
May 3 15,808 15,406 0 1 36 72 293 429 388 0 1 4 5 31
* Data through May 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
2014 9,408 4,894 794 307 1,624 489 1,300 382 207 37 11 59 20 48
2015 11,484 6,749 1,149 386 1,439 581 1,179 432 257 45 15 52 21 41
2016* 11,605 6,815 1,120 261 1,184 622 1,603 411 237 43 10 44 22 53
Monthly average
2015-Dec. 13,420 8,138 1,171 447 1,140 883 1,640 458 273 43 15 45 31 51
2016-Jan. 12,271 7,270 973 341 1,306 765 1,616 445 256 41 13 49 28 58
Feb. 11,630 6,983 1,196 231 1,101 579 1,540 414 238 48 10 43 21 54
Mar. 11,883 6,600 1,398 234 1,233 603 1,815 406 226 50 10 44 21 54
Apr. 10,713 6,558 893 257 1,102 574 1,329 382 234 34 9 41 20 44
May* 11,185 5,996 934 136 1,141 413 2,565 419 226 34 6 48 17 88
Weekly (Friday) average
Apr. 8 11,452 7,056 871 298 662 1,014 1,551 400 240 38 8 28 34 52
Apr. 15 10,274 6,574 872 216 1,265 227 1,121 366 230 31 9 48 9 39
Apr. 22 10,273 6,273 1,011 274 1,116 393 1,206 365 224 34 9 41 16 40
Apr. 29 10,493 6,421 804 262 1,348 644 1,013 384 241 32 9 47 21 34
May 6* 11,185 5,996 934 136 1,141 413 2,565 419 226 34 6 48 17 88
Daily
Apr. 27 10,057 6,052 1,136 153 1,633 509 575 366 222 44 4 62 17 17
Apr. 28 9,311 6,277 581 508 893 503 550 347 224 31 13 39 18 22
Apr. 29 11,872 6,865 964 277 1,472 1,139 1,154 427 260 41 11 45 33 37
May 2 10,203 6,002 341 220 1,195 243 2,202 395 231 15 6 50 14 79
May 3 12,168 5,991 1,526 53 1,087 583 2,928 443 222 52 5 46 20 98
* Data through May 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
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 79,575 50,679 8,793 3,790 6,476 3,184 6,652 3,454 2,013 374 244 373 161 288
2016* 76,858 47,108 8,204 3,590 6,548 3,405 8,004 3,510 1,954 391 246 395 174 351
Monthly average
2015-Dec. 77,611 50,746 8,103 4,215 5,842 3,210 5,494 3,416 2,026 384 246 347 160 252
2016-Jan. 77,137 44,346 8,149 3,879 6,846 4,420 9,498 3,647 1,925 397 254 430 224 417
Feb. 76,176 46,754 7,882 3,802 6,370 2,954 8,413 3,519 1,947 386 266 404 154 362
Mar. 73,187 45,679 8,269 3,308 6,207 2,696 7,028 3,288 1,878 387 231 350 140 301
Apr. 79,677 50,421 8,215 3,525 6,728 3,647 7,141 3,569 2,041 387 238 396 178 328
May* 93,669 58,521 11,106 2,655 7,519 3,877 9,991 4,052 2,248 472 214 494 226 400
Weekly (Friday) average
Apr. 8 79,829 49,882 7,683 3,254 6,702 4,635 7,672 3,652 2,049 367 239 409 215 372
Apr. 15 78,558 49,391 8,559 3,565 6,909 3,453 6,681 3,560 2,026 415 241 395 171 312
Apr. 22 81,791 52,404 8,572 3,529 6,743 3,301 7,243 3,563 2,081 401 213 387 167 313
Apr. 29 78,780 51,272 8,432 3,566 6,318 2,795 6,398 3,455 2,043 361 238 374 148 291
May 6* 93,669 58,521 11,106 2,655 7,519 3,877 9,991 4,052 2,248 472 214 494 226 400
Daily
Apr. 27 80,984 54,343 7,080 3,715 7,339 3,334 5,173 3,506 2,107 371 256 385 146 241
Apr. 28 82,860 54,711 9,619 3,547 5,319 2,484 7,180 3,556 2,089 362 257 326 160 362
Apr. 29 61,940 36,867 6,087 4,847 5,733 3,001 5,405 2,973 1,652 277 331 322 148 243
May 2 96,963 59,549 12,165 2,752 7,584 3,742 11,171 4,077 2,258 473 189 510 217 430
May 3 90,374 57,493 10,046 2,559 7,454 4,011 8,811 4,027 2,237 470 238 478 235 369
* Data through May 3.

Footnotes

1. Millions of dollars.

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Last update: May 4, 2016