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Data as of July 24, 2008
Volume Statistics for Commercial Paper Issuance

Volume statistics of daily commercial paper issuance are provided for the total market, as well as for each of the commercial paper discount rate categories; AA nonfinanial, A2/P2 nonfinancial, AA financial, and AA asset-backed. The criteria that determine which issues are included in the AA asset-backed, AA financial, AA nonfinanial, and A2/P2 nonfinancial categories are detailed under Rate Calculations in the about section of the commercial paper 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.



Period AA nonfinancial
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 1,447 952 134 110 137 100 15   98 58 12 10 10 6 1
2007 1,427 757 113 115 176 147 120 96 49 11 10 13 8 5
2008* 1,518 603 153 194 281 203 85 103 43 12 14 20 10 4
Monthly average
2008-Feb 1,653 820 100 132 341 196 65   125 67 9 12 23 9 4
Mar 1,513 451 173 280 223 287 99 108 34 15 20 21 14 4
Apr 1,257 467 190 164 198 189 50 84 34 13 14 12 9 2
May 1,632 622 172 252 282 234 70 101 38 14 15 17 14 3
Jun 1,663 593 204 213 279 213 161 100 37 16 14 17 9 7
Jul* 1,276 328 145 199 282 220 103 92 25 12 14 24 11 6
Weekly (Friday) average
2008-Jun 27 1,800 579 259 345 381 20 216   115 43 19 23 18 2 11
Jul 4 1,427 301 199 384 359 91 95 116 29 18 25 30 6 8
11 1,150 435 140 134 233 96 112 83 31 8 10 24 6 4
18 1,521 388 4 257 316 447 109 97 25 1 17 23 20 11
25* 993 173 237 85 261 170 67 80 15 21 9 24 9 3
Daily
2008-Jul 18 914 278 17 177 374 35 34   68 14 4 18 28 3 1
21 923 300 193 116 181 134 0 67 27 14 7 12 7 0
22 879 36 395 0 114 334 0 62 5 31 0 12 14 0
23 1,210 186 361 56 385 161 61 124 12 39 15 43 12 3
24 960 172 0 168 366 50 205 66 16 0 15 27 1 7
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through July 24.


Period A2/P2 nonfinancial
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 4,986 3,733 330 231 490 138 65   329 193 27 20 56 21 12
2007 6,573 5,120 443 315 447 174 73 432 290 38 29 47 19 8
2008* 7,968 6,157 609 481 504 173 44 532 359 53 47 50 18 4
Monthly average
2008-Feb 8,450 6,578 704 432 507 179 50   527 359 57 40 48 17 6
Mar 7,855 6,101 666 517 403 127 40 513 349 57 49 41 14 3
Apr 8,233 6,357 613 536 538 145 44 543 362 52 55 53 17 4
May 7,920 6,213 535 455 498 192 27 537 368 49 46 49 22 3
Jun 7,773 6,124 484 418 542 172 35 560 385 49 46 56 19 4
Jul* 8,319 6,284 612 539 599 238 47 563 368 56 53 61 20 5
Weekly (Friday) average
2008-Jun 27 8,010 6,474 485 446 411 146 48   556 400 47 43 47 14 5
Jul 4 7,861 5,693 591 482 711 323 61 559 362 59 55 57 22 4
11 7,689 5,626 501 555 675 305 26 586 371 53 51 82 24 6
18 8,625 6,724 673 457 513 197 60 545 371 54 42 55 19 4
25* 8,724 7,116 575 552 374 78 31 535 379 49 55 37 13 3
Daily
2008-Jul 18 9,132 7,492 418 351 521 281 69   497 343 24 37 62 25 6
21 8,496 7,024 364 591 381 82 54 540 390 41 60 37 8 4
22 8,466 7,000 562 335 472 62 35 485 350 41 40 44 9 1
23 9,333 7,419 915 643 243 113 0 571 398 65 62 23 23 0
24 8,602 7,019 456 641 398 54 34 545 378 49 56 44 11 7
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through July 24.


Period AA financial
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 18,569 13,841 1,013 591 1,226 1,013 885   1,050 713 69 47 93 58 70
2007 13,098 8,321 995 690 1,073 621 1,397 716 387 63 51 91 47 77
2008* 10,079 5,595 625 530 1,195 656 1,477 538 261 38 32 78 50 79
Monthly average
2008-Feb 10,441 5,682 338 368 1,288 612 2,152   551 253 28 30 93 49 99
Mar 9,198 5,640 509 645 985 452 966 485 244 44 38 65 37 56
Apr 11,810 6,620 905 637 1,490 726 1,432 602 297 50 36 90 56 73
May 10,854 5,715 873 624 1,245 781 1,616 585 286 42 33 80 67 76
Jun 8,904 4,684 648 476 904 709 1,483 502 237 36 24 57 48 100
Jul* 8,483 4,226 488 360 1,233 635 1,541 473 219 32 22 73 42 84
Weekly (Friday) average
2008-Jun 27 8,257 5,175 696 178 830 435 942   475 238 42 13 52 33 97
Jul 4 7,426 3,801 566 502 1,078 336 1,141 433 201 36 38 59 26 72
11 9,126 3,820 563 224 888 1,081 2,550 486 207 29 15 59 55 121
18 7,760 4,233 294 393 1,586 401 853 448 212 30 21 85 40 59
25* 8,794 4,857 546 360 1,162 583 1,286 494 249 36 20 82 39 69
Daily
2008-Jul 18 7,812 4,473 222 231 1,503 581 802   443 195 26 17 86 50 69
21 8,477 4,349 460 351 1,018 539 1,761 502 245 28 26 71 45 87
22 9,079 5,336 445 531 1,278 509 980 498 261 31 24 77 40 65
23 8,494 4,581 1,062 376 1,047 263 1,167 498 231 67 14 94 23 69
24 9,124 5,162 217 181 1,306 1,019 1,238 479 257 19 14 87 46 56
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through July 24.


Period AA asset-backed
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 51,246 28,913 2,779 2,266 11,274 3,235 2,780   2,126 1,166 147 113 452 135 113
2007 69,907 45,552 4,001 3,087 10,649 2,854 3,765 2,446 1,496 153 125 422 116 134
2008* 63,246 41,634 3,770 2,659 8,784 2,739 3,659 1,938 1,222 115 86 289 103 122
Monthly average
2008-Feb 67,367 45,400 4,695 1,987 8,542 2,849 3,893   2,061 1,330 146 71 284 106 125
Mar 67,390 47,349 3,656 3,028 7,958 2,454 2,946 2,012 1,372 106 93 263 92 87
Apr 62,151 39,972 3,572 3,171 9,970 2,369 3,097 1,888 1,163 110 99 318 93 105
May 59,317 37,312 3,719 2,248 9,699 2,907 3,432 1,824 1,106 112 70 315 110 112
Jun 64,499 43,689 3,441 2,484 7,913 2,638 4,334 1,958 1,259 103 80 261 104 151
Jul* 57,112 35,033 3,842 3,111 8,841 2,983 3,301 1,762 1,020 116 96 287 107 135
Weekly (Friday) average
2008-Jun 27 67,345 47,347 3,729 3,053 7,785 1,817 3,614   1,989 1,335 115 96 246 76 120
Jul 4 58,363 39,330 4,804 2,855 6,163 2,392 2,819 1,826 1,159 140 89 212 86 141
11 60,681 35,521 3,425 2,830 11,115 3,841 3,949 1,864 1,033 105 93 349 127 157
18 55,975 35,915 3,846 3,041 7,953 2,442 2,779 1,731 1,033 116 97 270 96 119
25* 53,999 32,549 3,204 3,534 8,975 2,655 3,081 1,671 961 95 99 282 102 132
Daily
2008-Jul 18 50,672 32,379 3,592 4,567 7,036 1,676 1,422   1,516 933 91 131 213 84 64
21 61,335 35,084 4,847 2,357 13,569 2,545 2,932 1,870 1,013 119 64 414 114 146
22 54,124 31,791 3,358 5,231 8,413 2,408 2,923 1,656 962 100 137 247 94 116
23 48,675 30,117 2,303 2,391 7,988 2,016 3,860 1,560 910 79 77 261 61 172
24 51,862 33,205 2,309 4,158 5,930 3,653 2,608 1,597 960 83 117 207 137 93
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through July 24.


Period Market
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 155,038 103,524 9,362 6,563 20,311 7,676 7,603   7,865 4,691 621 442 1,136 450 525
2007 171,953 118,200 10,804 7,289 19,249 6,403 10,008 8,108 5,020 614 450 1,075 390 559
2008* 150,988 101,607 9,181 6,756 16,811 6,302 10,331 6,560 4,048 466 374 827 354 490
Monthly average
2008-Feb 161,727 111,479 9,954 5,472 17,599 5,949 11,274   7,183 4,562 513 349 913 334 513
Mar 159,608 113,745 9,805 7,432 15,067 5,395 8,164 6,801 4,406 521 404 776 302 391
Apr 152,149 100,808 9,485 7,359 18,553 6,110 9,833 6,329 3,806 480 398 857 345 442
May 142,287 91,929 8,725 6,257 18,501 7,011 9,864 6,143 3,659 419 332 866 407 460
Jun 142,170 96,155 8,089 6,419 14,647 6,350 10,509 6,034 3,695 397 337 705 364 535
Jul* 139,585 90,532 8,354 7,249 16,473 7,164 9,812 5,998 3,558 414 377 781 374 494
Weekly (Friday) average
2008-Jun 27 149,203 106,907 7,919 6,742 14,019 4,851 8,765   6,283 4,122 397 349 640 265 511
Jul 4 139,303 93,088 10,591 7,954 13,648 6,056 7,965 6,158 3,823 492 413 663 301 466
11 148,346 92,716 8,037 6,958 18,954 8,421 13,260 6,320 3,644 401 373 856 410 637
18 136,569 92,408 7,326 6,911 15,730 6,720 7,475 5,913 3,603 364 353 795 390 408
25* 131,890 86,355 7,575 7,250 16,046 6,100 8,563 5,566 3,300 390 374 747 330 425
Daily
2008-Jul 18 127,157 85,630 6,959 8,046 13,998 5,914 6,610   5,385 3,304 306 398 661 342 374
21 140,861 89,616 8,904 6,440 20,732 6,375 8,794 5,825 3,451 380 335 866 359 434
22 134,308 88,413 7,736 7,656 14,907 5,876 9,721 5,589 3,366 356 358 709 340 460
23 128,287 83,921 8,060 6,051 15,575 5,187 9,492 5,505 3,218 462 327 746 277 475
24 124,104 83,470 5,599 8,853 12,972 6,964 6,247 5,343 3,166 360 475 667 343 332
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through July 24.


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Last update: July 25, 2008