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 5, 2015Posted May 6, 2015

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
2013 3,005 1,080 411 460 491 292 270 122 42 15 20 21 11 12
2014 4,926 2,892 736 251 425 292 330 189 109 25 11 18 12 15
2015* 4,488 2,616 576 352 499 200 246 178 105 19 15 21 8 11
Monthly average
2014-Dec. 5,808 3,955 919 280 269 149 236 227 152 34 13 12 7 10
2015-Jan. 4,944 3,033 240 416 660 351 243 194 114 8 19 27 14 11
Feb. 4,805 2,869 580 285 597 158 316 188 108 20 14 26 7 14
Mar. 4,256 2,403 829 423 401 67 133 179 108 29 16 17 3 5
Apr. 3,658 1,819 618 310 400 223 290 145 80 17 12 16 8 13
May* 7,233 5,628 646 120 241 273 325 239 178 16 10 10 12 12
Weekly (Friday) average
Apr. 10 3,929 2,045 331 430 391 355 377 158 82 9 16 21 12 20
Apr. 17 3,423 1,361 1,009 245 370 148 289 148 75 26 11 17 6 13
Apr. 24 3,530 1,522 806 264 444 216 279 135 73 23 9 13 8 9
May 1 4,297 2,694 479 247 317 221 340 168 107 13 13 11 9 15
May 8* 8,790 7,532 843 82 58 131 144 270 227 21 4 5 8 6
Daily
Apr. 29 4,229 3,186 471 50 102 385 35 159 125 13 2 4 13 2
Apr. 30 4,426 1,763 765 689 778 39 392 173 81 26 29 23 2 12
May 1 4,119 1,822 250 195 608 556 688 176 81 5 24 20 22 24
May 4 7,892 7,043 516 139 91 3 98 237 201 15 6 8 1 6
May 5 9,688 8,020 1,170 25 24 259 190 303 253 27 1 2 14 6
* Data through May 5.

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
2013 3,985 1,986 773 557 500 114 55 341 173 61 47 46 10 4
2014 4,885 2,874 654 614 570 117 55 428 245 57 57 54 11 4
2015* 5,629 3,138 784 710 784 161 52 505 264 65 76 80 16 4
Monthly average
2014-Dec. 4,959 2,853 601 583 657 175 90 427 231 51 58 63 17 6
2015-Jan. 5,727 3,039 889 810 806 143 40 507 256 76 75 80 15 4
Feb. 6,088 3,494 961 824 596 134 79 521 283 68 89 62 13 6
Mar. 6,007 3,545 804 598 841 187 33 546 306 70 68 85 15 2
Apr. 4,759 2,488 535 645 850 180 61 452 220 49 74 87 18 5
May* 5,681 3,334 643 623 928 107 45 477 217 64 63 114 16 3
Weekly (Friday) average
Apr. 10 4,711 2,162 350 658 1,288 203 50 465 209 33 75 127 17 4
Apr. 17 4,607 2,669 491 738 475 166 68 465 252 44 85 62 17 6
Apr. 24 5,039 2,865 727 487 672 206 81 459 236 68 61 64 25 5
May 1 4,956 2,819 519 709 714 161 34 438 222 47 73 76 17 3
May 8* 5,438 3,150 756 492 888 90 62 464 196 82 54 113 16 3
Daily
Apr. 29 4,250 2,293 904 346 442 215 50 378 175 91 43 52 16 1
Apr. 30 4,309 2,221 376 921 731 55 5 425 183 37 108 85 11 1
May 1 6,167 3,703 418 886 1,006 142 12 502 258 29 82 116 15 2
May 4 5,659 3,239 636 562 1,125 64 33 496 213 63 52 157 9 2
May 5 5,217 3,060 875 423 652 115 91 433 180 101 56 69 23 4
* Data through May 5.

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
2013 1,406 497 86 49 100 133 541 72 26 3 2 6 6 29
2014 2,983 2,185 148 33 66 107 444 134 97 5 2 3 4 23
2015* 1,039 444 138 21 36 83 317 63 32 6 1 2 4 18
Monthly average
2014-Dec. 1,166 507 83 18 49 135 374 63 32 4 1 3 4 20
2015-Jan. 1,185 473 119 3 34 113 443 71 34 5 1 2 5 25
Feb. 1,116 489 125 6 18 87 391 65 32 6 1 2 3 21
Mar. 945 456 124 17 41 72 235 64 34 6 1 4 4 15
Apr. 963 375 182 57 35 60 255 56 29 7 3 2 3 12
May* 830 390 144 2 129 97 67 43 25 5 1 6 4 2
Weekly (Friday) average
Apr. 10 1,035 476 164 41 6 117 231 69 38 8 5 1 4 13
Apr. 17 1,118 313 328 67 37 61 312 62 31 11 3 2 2 14
Apr. 24 964 456 69 51 63 53 272 54 30 2 2 3 3 14
May 1 679 252 125 66 76 37 124 39 22 4 2 4 2 6
May 8* 893 460 137 3 109 133 51 46 26 4 0 7 6 2
Daily
Apr. 29 653 251 133 0 37 50 182 43 22 5 0 5 2 9
Apr. 30 677 256 31 270 3 51 66 37 22 2 7 1 2 3
May 1 703 249 159 0 169 25 100 37 21 6 1 5 2 2
May 4 761 447 258 7 28 21 0 44 27 8 1 5 2 1
May 5 1,025 474 15 0 189 246 101 48 26 1 0 9 9 3
* Data through May 5.

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
2013 11,175 6,208 943 269 1,998 619 1,138 431 248 33 10 70 25 46
2014 9,408 4,894 794 307 1,624 489 1,300 382 207 37 11 59 20 48
2015* 8,952 4,683 714 338 1,509 547 1,160 370 207 33 13 53 21 43
Monthly average
2014-Dec. 10,202 5,503 969 309 1,493 533 1,395 390 225 39 11 50 20 47
2015-Jan. 8,581 4,101 687 298 1,638 567 1,289 368 194 33 12 58 22 49
Feb. 10,020 5,103 791 375 1,611 489 1,652 412 226 37 15 56 19 58
Mar. 9,074 4,698 851 400 1,449 564 1,113 370 206 37 14 50 21 41
Apr. 8,018 4,601 531 279 1,362 550 694 333 199 26 11 49 20 27
May* 10,605 6,391 751 352 1,510 647 954 395 240 35 12 48 21 37
Weekly (Friday) average
Apr. 10 8,057 4,235 486 338 1,126 736 1,135 347 202 24 11 38 29 42
Apr. 17 8,642 5,043 430 353 1,610 454 751 385 232 26 15 64 20 27
Apr. 24 8,608 5,265 530 270 1,498 655 389 335 204 26 10 56 20 19
May 1 9,203 5,437 603 217 1,753 406 786 349 216 29 12 55 12 25
May 8* 11,433 7,111 713 332 1,517 890 871 418 262 32 10 50 29 35
Daily
Apr. 29 9,420 5,379 721 28 2,421 200 671 346 208 27 1 77 7 26
Apr. 30 8,658 5,148 652 199 1,745 390 524 332 212 26 11 57 9 17
May 1 8,949 4,950 828 392 1,497 162 1,121 348 197 41 17 45 6 42
May 4 10,290 6,365 575 173 1,305 973 899 357 227 22 5 41 33 29
May 5 12,576 7,857 850 492 1,728 806 842 480 297 43 15 59 25 41
* Data through May 5.

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
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 80,421 53,016 8,737 3,196 6,334 2,595 6,543 3,450 2,129 367 195 334 131 294
2015* 77,663 49,271 8,464 3,713 6,617 2,881 6,716 3,418 1,998 361 246 375 147 291
Monthly average
2014-Dec. 83,468 57,827 7,854 3,318 5,991 3,068 5,409 3,502 2,274 337 199 312 151 229
2015-Jan. 80,779 50,071 8,372 3,847 7,219 3,696 7,573 3,554 2,023 369 253 407 179 322
Feb. 82,508 52,158 9,107 4,075 6,720 2,546 7,903 3,596 2,104 382 276 366 128 340
Mar. 75,993 49,543 8,223 3,551 6,366 2,622 5,689 3,426 2,067 364 232 365 140 258
Apr. 71,826 44,963 8,510 3,542 6,235 2,669 5,908 3,143 1,812 341 233 364 139 254
May* 81,245 55,260 6,431 2,970 6,589 3,038 6,957 3,345 2,032 288 220 385 149 270
Weekly (Friday) average
Apr. 10 70,656 42,752 7,797 3,975 6,594 2,994 6,544 3,286 1,836 317 267 422 147 298
Apr. 17 73,859 47,473 8,536 3,421 5,989 2,841 5,600 3,324 1,983 336 229 361 154 262
Apr. 24 79,315 52,025 8,144 3,138 6,652 2,907 6,449 3,204 1,933 338 204 346 143 239
May 1 76,189 50,957 7,439 3,434 6,147 2,163 6,048 3,159 1,925 323 230 332 113 237
May 8* 86,116 58,251 7,658 2,782 6,711 3,535 7,179 3,449 2,074 327 198 400 170 280
Daily
Apr. 29 78,040 52,649 10,989 1,659 5,654 1,772 5,318 3,117 1,882 469 122 300 113 231
Apr. 30 70,822 41,813 8,841 5,049 6,271 2,222 6,626 3,057 1,672 362 324 371 101 227
May 1 71,503 49,277 3,976 3,346 6,346 2,045 6,513 3,138 1,948 211 266 356 105 252
May 4 84,649 56,410 8,588 2,035 7,001 3,732 6,881 3,387 1,994 329 182 430 181 271
May 5 87,584 60,092 6,729 3,529 6,420 3,337 7,476 3,511 2,155 325 213 370 160 288
* Data through May 5.

Footnotes

1. Millions of dollars.

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Last update: May 6, 2015