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 November 20, 2014Posted November 21, 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* 4,847 2,790 715 248 441 310 343 186 105 24 11 19 12 16
Monthly average
2014-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. 6,742 4,239 1,135 277 475 271 347 238 149 36 11 17 10 15
Oct. 4,366 2,397 946 232 448 172 172 169 95 31 10 18 7 9
Nov.* 6,337 4,080 740 296 565 324 333 229 140 23 12 23 14 16
Weekly (Friday) average
Oct. 24 4,892 2,771 1,259 135 357 268 103 189 108 42 6 15 9 8
Oct. 31 3,934 2,318 565 229 359 201 263 142 87 16 10 12 7 10
Nov. 7 7,503 4,741 1,290 160 647 439 226 275 167 42 7 27 19 13
Nov. 14 4,210 2,606 411 187 431 188 387 150 91 13 6 18 8 15
Nov. 21* 7,006 4,729 380 573 595 315 412 250 155 11 24 24 16 20
Daily
Nov. 14 3,799 2,339 300 100 510 170 380 129 77 8 4 19 6 15
Nov. 17 11,723 9,277 559 208 734 224 722 373 281 18 7 27 14 26
Nov. 18 5,926 4,339 393 332 251 236 375 212 138 9 19 16 12 18
Nov. 19 6,331 3,744 569 863 607 266 282 248 144 18 29 23 13 21
Nov. 20 4,043 1,558 0 891 788 536 270 168 57 0 41 31 24 15
* Data through November 20.

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* 4,899 2,898 659 613 568 109 51 429 248 57 57 53 10 4
Monthly average
2014-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. 5,173 3,199 712 559 547 97 59 458 279 67 48 51 8 5
Oct. 5,227 3,179 693 622 574 121 38 437 260 60 53 50 10 4
Nov.* 5,663 3,053 578 1,024 707 221 79 470 251 43 85 65 21 5
Weekly (Friday) average
Oct. 24 5,252 3,292 608 641 558 114 39 436 264 59 53 47 10 3
Oct. 31 4,805 3,114 549 616 405 108 13 419 251 49 60 46 10 3
Nov. 7 5,546 3,079 551 966 719 203 28 486 264 46 92 64 18 2
Nov. 14 5,552 3,132 721 866 654 116 64 440 248 48 64 60 13 8
Nov. 21* 5,919 2,943 469 1,254 746 349 158 480 237 34 98 71 33 6
Daily
Nov. 14 5,389 3,112 507 904 581 85 200 437 253 40 56 58 12 18
Nov. 17 5,175 3,068 175 765 780 296 91 473 265 16 82 69 29 12
Nov. 18 5,969 3,367 536 1,072 746 242 6 475 265 38 80 67 23 2
Nov. 19 5,801 2,766 673 1,461 358 510 33 449 204 46 111 38 49 1
Nov. 20 6,731 2,570 493 1,718 1,100 350 500 523 215 36 121 110 31 10
* Data through November 20.

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* 3,206 2,387 156 35 68 104 456 143 104 5 2 4 4 23
Monthly average
2014-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. 4,469 3,690 206 39 68 119 348 173 139 7 2 3 4 18
Oct. 4,862 4,151 173 25 53 80 380 231 200 6 1 3 3 18
Nov.* 1,670 984 31 26 64 116 449 87 53 1 1 3 5 24
Weekly (Friday) average
Oct. 24 4,436 3,731 248 3 50 64 340 227 200 7 1 2 2 16
Oct. 31 5,158 4,626 55 4 41 79 354 234 205 2 1 2 3 20
Nov. 7 2,413 1,561 50 67 148 115 472 120 84 2 3 5 5 23
Nov. 14 1,120 571 25 0 1 146 377 56 28 1 0 1 5 22
Nov. 21* 1,292 677 12 0 22 88 492 77 42 1 0 2 4 28
Daily
Nov. 14 1,221 535 50 0 0 51 586 66 30 1 0 0 2 33
Nov. 17 956 768 0 0 14 3 170 59 41 0 0 3 2 13
Nov. 18 1,255 579 0 0 26 100 550 78 38 0 0 5 7 28
Nov. 19 1,294 826 25 0 0 115 328 70 42 2 0 0 3 23
Nov. 20 1,663 536 25 0 50 133 919 102 46 1 0 1 6 48
* Data through November 20.

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* 9,333 4,843 765 298 1,645 482 1,300 382 206 36 11 61 20 49
Monthly average
2014-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. 8,473 3,668 791 548 1,866 471 1,129 371 184 40 16 67 20 45
Oct. 8,280 4,032 828 295 1,511 536 1,077 359 183 40 12 57 21 46
Nov.* 10,912 5,393 792 351 1,672 716 1,989 448 224 38 15 64 29 78
Weekly (Friday) average
Oct. 24 8,451 4,287 962 302 1,531 304 1,065 360 196 42 12 58 13 40
Oct. 31 8,072 4,394 658 281 1,161 585 993 334 187 34 12 41 18 42
Nov. 7 10,889 5,352 701 298 1,585 1,018 1,935 456 222 35 14 58 40 86
Nov. 14 11,230 5,354 1,009 414 1,428 709 2,316 460 224 45 16 62 30 84
Nov. 21* 10,625 5,482 688 353 2,025 347 1,730 424 226 34 14 74 14 62
Daily
Nov. 14 10,151 4,868 1,069 129 1,958 633 1,495 470 222 39 4 106 25 74
Nov. 17 12,685 5,378 746 155 3,154 471 2,782 475 213 37 9 109 18 89
Nov. 18 9,407 5,371 778 257 1,377 356 1,268 382 227 29 13 51 11 51
Nov. 19 8,915 5,265 715 106 1,130 370 1,328 366 220 33 5 40 14 54
Nov. 20 11,492 5,916 511 895 2,439 191 1,541 475 243 35 30 98 15 54
* Data through November 20.

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* 80,128 52,573 8,775 3,153 6,409 2,552 6,667 3,449 2,118 367 194 339 130 301
Monthly average
2014-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. 84,330 54,910 8,930 3,715 7,316 2,746 6,714 3,604 2,210 401 198 368 131 296
Oct. 81,536 54,478 8,703 3,523 5,818 2,741 6,272 3,513 2,193 378 205 316 136 284
Nov.* 96,355 65,818 8,824 4,311 6,417 3,652 7,332 3,984 2,482 363 259 361 176 343
Weekly (Friday) average
Oct. 24 81,631 55,847 9,410 3,410 5,043 2,569 5,352 3,487 2,241 392 195 270 128 261
Oct. 31 78,706 54,048 7,773 3,506 4,907 2,651 5,822 3,369 2,167 336 212 285 120 249
Nov. 7 95,268 64,473 8,351 3,979 7,100 4,283 7,083 3,990 2,463 339 267 381 188 352
Nov. 14 96,700 64,948 10,952 3,917 6,036 3,046 7,801 3,907 2,377 446 223 358 154 349
Nov. 21* 97,368 68,371 7,288 5,120 5,945 3,469 7,175 4,051 2,610 311 284 339 181 326
Daily
Nov. 14 96,747 66,203 10,331 4,273 5,314 3,464 7,162 3,979 2,455 401 251 329 177 366
Nov. 17 105,374 74,278 7,175 3,050 8,266 3,572 9,033 4,259 2,753 308 234 423 173 368
Nov. 18 94,220 69,638 5,304 3,137 4,955 4,062 7,123 3,900 2,636 232 202 299 190 341
Nov. 19 93,444 63,811 11,123 5,876 4,114 3,473 5,047 3,965 2,529 454 295 245 188 254
Nov. 20 96,434 65,755 5,550 8,418 6,444 2,771 7,496 4,081 2,523 250 407 389 173 339
* Data through November 20.

Footnotes

1. Millions of dollars.

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Last update: November 21, 2014