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 August 26, 2016Posted August 29, 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* 6,936 4,087 1,131 335 514 491 378 273 155 38 15 24 21 20
Monthly average
2016-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 7,978 4,518 1,744 410 503 337 466 306 172 52 19 22 17 24
June 8,425 5,622 1,346 380 484 298 295 301 192 45 15 22 12 16
July 6,666 3,957 1,086 273 414 521 415 275 152 42 15 19 25 23
Aug.* 7,206 4,908 1,080 230 373 340 275 282 182 36 12 19 15 18
Weekly (Friday) average
July 29 5,162 3,688 394 203 380 242 254 212 139 16 14 17 14 13
Aug. 5 9,052 6,362 1,690 186 417 296 103 337 222 54 12 26 12 11
Aug. 12 5,750 3,907 746 250 187 324 336 235 152 29 12 12 15 15
Aug. 19 7,175 4,201 1,353 292 393 569 367 283 160 41 14 19 26 22
Aug. 26* 6,847 5,163 530 193 495 172 294 272 193 19 10 17 9 24
Daily
Aug. 22 8,325 7,112 506 84 190 0 434 346 259 20 7 10 0 50
Aug. 23 8,727 6,553 814 107 936 47 270 336 249 33 4 36 4 10
Aug. 24 4,911 3,612 284 417 25 165 408 208 141 10 13 3 9 32
Aug. 25 3,920 1,350 722 206 1,214 208 221 163 60 26 15 31 10 21
Aug. 26 8,352 7,187 326 150 112 438 140 308 257 8 11 6 21 5
* Data through August 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
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* 5,538 3,211 693 703 761 135 35 505 274 63 73 78 14 2
Monthly average
2016-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 5,930 3,509 770 714 718 188 32 552 303 66 83 74 22 2
June 6,186 3,919 726 814 611 98 17 520 307 61 82 60 9 1
July 5,946 3,506 737 801 760 91 52 530 287 64 83 85 9 3
Aug.* 5,958 3,743 806 560 717 105 28 520 306 70 59 70 13 2
Weekly (Friday) average
July 29 6,330 3,977 778 770 603 86 116 541 324 67 68 67 12 3
Aug. 5 6,244 3,841 770 712 792 104 24 546 310 66 77 76 15 2
Aug. 12 6,062 3,881 861 530 680 99 11 514 305 78 52 67 10 1
Aug. 19 6,042 3,814 867 593 655 102 12 533 318 77 65 58 14 2
Aug. 26* 5,485 3,436 725 405 742 114 63 486 289 61 43 77 13 3
Daily
Aug. 22 6,101 3,708 852 362 841 222 116 538 299 74 38 94 28 5
Aug. 23 4,960 2,905 710 394 780 65 108 439 240 63 52 71 5 8
Aug. 24 5,322 3,220 586 556 684 182 93 453 273 34 44 83 15 4
Aug. 25 5,912 3,574 1,275 264 710 89 0 514 295 108 37 63 11 0
Aug. 26 5,129 3,773 202 447 696 10 0 487 339 24 46 74 4 0
* Data through August 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
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* 12,625 11,620 252 56 91 99 507 383 330 7 2 5 4 35
Monthly average
2016-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 14,953 14,390 84 17 41 60 361 392 355 3 1 3 3 27
June 12,925 12,303 93 25 108 90 306 351 313 3 1 5 4 24
July 10,768 9,863 317 36 71 66 415 309 258 9 2 4 3 33
Aug.* 11,054 10,153 347 61 77 76 339 329 279 9 2 4 4 31
Weekly (Friday) average
July 29 8,371 7,913 44 6 32 117 259 256 213 3 1 3 4 32
Aug. 5 10,561 9,672 305 58 143 93 290 323 274 8 3 5 4 29
Aug. 12 11,688 10,524 400 103 87 81 493 339 281 10 3 5 3 37
Aug. 19 11,136 10,173 514 10 73 33 334 322 271 12 0 6 4 29
Aug. 26* 10,829 10,241 169 73 7 98 240 332 290 6 4 1 5 26
Daily
Aug. 22 11,400 10,734 130 69 0 70 398 340 294 4 4 0 5 33
Aug. 23 12,652 11,873 92 226 6 203 252 378 330 4 9 2 8 25
Aug. 24 10,777 9,868 580 70 5 173 81 332 282 15 4 1 5 25
Aug. 25 8,975 8,600 36 0 0 23 316 290 262 2 0 0 4 22
Aug. 26 10,340 10,131 6 0 26 23 154 322 283 3 1 3 5 27
* Data through August 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
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* 11,832 7,001 1,095 316 1,319 650 1,451 423 249 41 12 48 22 51
Monthly average
2016-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 10,128 6,000 984 258 1,258 461 1,167 378 226 35 9 47 17 43
June 12,171 7,065 1,207 299 1,340 1,030 1,229 433 259 43 11 46 31 43
July 13,184 7,755 1,130 537 1,773 795 1,194 469 276 40 17 62 24 50
Aug.* 12,799 7,919 929 394 1,464 382 1,712 462 280 37 13 53 17 62
Weekly (Friday) average
July 29 12,560 7,934 997 504 1,579 561 985 460 285 37 18 55 18 47
Aug. 5 13,208 7,613 790 417 1,786 652 1,950 481 275 32 12 62 30 70
Aug. 12 12,613 7,978 825 289 1,401 348 1,771 452 278 34 12 47 16 65
Aug. 19 12,428 7,781 1,020 419 1,247 200 1,761 461 276 42 12 56 11 64
Aug. 26* 12,947 8,301 1,082 450 1,421 328 1,365 452 292 40 14 46 11 49
Daily
Aug. 22 13,846 9,069 935 218 2,254 134 1,234 511 309 58 6 89 6 43
Aug. 23 12,238 8,790 1,088 758 442 75 1,085 421 304 33 24 13 2 45
Aug. 24 12,680 7,364 1,267 631 984 415 2,019 431 268 41 18 29 12 63
Aug. 25 14,398 8,415 1,032 96 2,063 991 1,801 496 301 38 5 56 30 66
Aug. 26 11,574 7,870 1,089 546 1,360 22 687 402 278 29 19 42 5 29
* Data through August 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
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* 79,036 49,445 8,996 3,652 6,519 3,445 6,979 3,557 2,010 408 243 392 176 328
Monthly average
2016-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 80,726 52,574 9,687 3,375 6,019 3,018 6,053 3,599 2,103 423 239 378 169 287
June 82,046 52,837 9,283 4,001 6,392 4,098 5,435 3,573 2,097 403 257 363 182 271
July 81,971 50,427 10,241 4,024 7,149 3,941 6,190 3,650 2,009 450 253 427 194 318
Aug.* 81,731 52,291 10,286 3,350 6,527 2,890 6,387 3,653 2,083 439 209 395 173 354
Weekly (Friday) average
July 29 81,227 53,793 8,612 3,921 6,611 3,368 4,921 3,612 2,147 410 232 372 168 283
Aug. 5 85,619 53,025 10,791 3,391 7,628 3,917 6,867 3,760 2,087 445 225 430 218 354
Aug. 12 81,604 51,521 10,375 3,250 6,707 2,623 7,128 3,644 2,034 439 194 425 155 397
Aug. 19 80,200 50,972 11,112 3,311 5,533 2,871 6,402 3,623 2,039 472 213 354 179 366
Aug. 26* 79,502 53,647 8,865 3,446 6,239 2,150 5,154 3,584 2,172 399 203 372 139 299
Daily
Aug. 22 83,306 56,686 10,714 2,635 6,337 1,945 4,990 3,840 2,301 514 169 423 150 283
Aug. 23 80,670 55,503 11,451 2,573 4,975 1,493 4,675 3,505 2,159 453 183 325 102 283
Aug. 24 78,440 50,638 10,103 3,344 5,832 2,444 6,079 3,500 2,092 395 157 374 138 344
Aug. 25 77,334 47,244 7,470 4,175 8,263 3,616 6,566 3,605 1,986 418 252 395 206 348
Aug. 26 77,760 58,166 4,589 4,506 5,788 1,252 3,461 3,470 2,322 214 256 343 99 236
* Data through August 26.

Footnotes

1. Millions of dollars.

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Last update: August 29, 2016