Volume Statistics for Commercial Paper Issuance RSS DDP

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of January 23, 2020Posted January 24, 2020

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
2018 4,506 2,604 474 366 516 319 227 199 104 19 19 26 15 15
2019 4,097 2,640 450 336 333 211 126 169 99 19 18 17 10 7
2020* 3,970 2,470 272 351 301 479 97 160 89 14 17 14 17 8
Monthly average
2019-Aug. 5,067 3,533 697 566 195 52 25 183 124 23 24 8 3 2
Sept. 4,812 3,326 599 388 384 76 39 196 126 26 19 19 4 2
Oct. 4,717 3,227 452 344 458 169 67 191 116 18 19 25 9 5
Nov. 5,103 3,615 456 359 316 312 45 190 120 18 18 15 16 2
Dec. 3,881 3,106 331 135 158 120 31 130 98 13 6 6 5 2
2020-Jan.* 3,970 2,470 272 351 301 479 97 160 89 14 17 14 17 8
Weekly (Friday) average
Dec. 27 2,345 2,093 110 62 56 25 0 76 65 6 3 2 1 0
Jan. 3 1,065 486 189 154 126 73 35 55 25 8 10 6 3 4
Jan. 10 5,810 4,429 138 136 412 560 134 207 147 7 7 18 18 9
Jan. 17 3,507 1,406 403 705 272 644 76 162 58 22 34 17 22 9
Jan. 24* 3,209 2,168 291 179 197 289 86 131 83 16 7 7 12 5
Daily
Jan. 17 3,385 490 498 1,477 283 535 101 156 26 21 59 21 23 6
Jan. 20 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Jan. 21 6,741 5,816 208 282 100 278 57 255 215 11 7 2 15 5
Jan. 22 1,172 287 260 149 224 100 152 57 15 14 9 10 4 5
Jan. 23 1,714 402 406 105 266 488 47 81 18 24 6 9 18 6
* Data through January 23.
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
2018 8,726 5,507 1,106 784 1,007 218 103 758 439 99 78 102 27 13
2019 9,253 5,972 1,120 805 973 250 132 849 515 107 82 104 27 14
2020* 8,390 5,518 707 969 745 261 190 803 491 82 98 86 25 22
Monthly average
2019-Aug. 9,002 5,528 1,322 758 1,029 277 88 853 497 135 79 99 32 12
Sept. 9,342 6,298 1,122 811 724 277 112 882 582 116 76 72 24 12
Oct. 8,361 5,586 846 724 818 216 171 816 519 95 79 82 21 21
Nov. 8,604 5,651 1,090 633 797 331 104 771 468 108 71 78 34 13
Dec. 7,765 5,496 649 493 663 311 153 648 423 62 57 67 26 12
2020-Jan.* 8,390 5,518 707 969 745 261 190 803 491 82 98 86 25 22
Weekly (Friday) average
Dec. 27 4,312 3,289 415 307 211 82 8 384 256 52 38 28 8 1
Jan. 3 6,094 4,115 875 509 284 85 226 587 398 78 51 34 7 20
Jan. 10 8,338 5,601 643 939 704 247 205 806 485 83 99 88 22 29
Jan. 17 8,341 5,436 530 1,110 852 328 86 801 496 65 112 88 32 8
Jan. 24* 9,122 6,012 1,022 900 791 233 164 877 518 124 97 92 27 20
Daily
Jan. 17 8,571 5,673 768 865 781 415 71 881 581 90 95 72 39 4
Jan. 20 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Jan. 21 10,394 7,124 1,150 795 956 236 133 1,032 647 130 74 133 28 20
Jan. 22 8,204 5,373 985 883 598 316 49 743 422 121 84 77 34 5
Jan. 23 8,768 5,538 931 1,022 818 148 310 857 486 120 133 66 18 34
* Data through January 23.
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
2018 6,169 5,328 339 66 89 80 268 243 192 11 2 5 5 28
2019 5,620 4,592 486 85 125 91 242 189 143 14 3 5 4 19
2020* 5,914 5,255 286 88 76 53 155 186 158 10 3 3 1 11
Monthly average
2019-Aug. 5,349 4,299 546 85 154 135 130 179 130 16 2 8 7 15
Sept. 6,013 5,069 394 50 66 105 328 211 161 12 2 3 7 26
Oct. 5,623 4,717 438 71 78 9 310 189 148 13 3 3 0 22
Nov. 6,616 5,224 939 131 46 48 227 214 163 26 4 2 2 17
Dec. 7,875 6,803 565 174 71 80 182 235 195 16 5 3 3 13
2020-Jan.* 5,914 5,255 286 88 76 53 155 186 158 10 3 3 1 11
Weekly (Friday) average
Dec. 27 10,033 8,679 755 63 4 378 153 285 238 21 3 1 12 10
Jan. 3 6,817 6,216 173 54 138 24 213 196 174 7 2 3 1 8
Jan. 10 4,375 3,844 175 115 92 24 125 150 124 5 3 4 1 13
Jan. 17 5,527 4,957 273 102 17 108 69 179 155 11 3 1 3 7
Jan. 24* 7,965 7,307 454 8 15 14 168 236 207 12 2 4 1 12
Daily
Jan. 17 4,795 4,007 73 66 0 513 136 167 136 6 3 0 12 10
Jan. 20 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Jan. 21 6,578 6,027 250 16 0 0 285 183 163 5 3 0 0 12
Jan. 22 7,224 6,512 525 7 38 0 142 234 203 12 3 10 0 6
Jan. 23 10,093 9,381 588 0 6 41 77 292 254 18 0 1 2 17
* Data through January 23.
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
2018 12,563 7,887 1,671 285 620 554 1,547 503 317 62 11 26 20 67
2019 13,875 9,384 1,760 270 687 608 1,167 540 363 67 12 29 21 49
2020* 15,436 9,905 2,192 273 976 640 1,450 572 352 77 11 38 23 70
Monthly average
2019-Aug. 14,410 10,299 1,534 225 850 574 927 574 400 61 10 39 24 40
Sept. 17,048 12,008 1,919 315 716 809 1,281 640 444 73 14 27 29 54
Oct. 14,708 9,582 2,225 372 595 630 1,302 565 362 83 14 27 22 56
Nov. 13,684 8,779 2,237 413 553 660 1,043 519 325 80 15 23 25 50
Dec. 14,704 10,355 1,837 346 789 562 815 543 377 68 12 30 17 38
2020-Jan.* 15,436 9,905 2,192 273 976 640 1,450 572 352 77 11 38 23 70
Weekly (Friday) average
Dec. 27 12,517 8,579 2,503 252 658 146 379 465 325 84 13 20 7 15
Jan. 3 14,048 9,178 2,174 154 735 813 993 509 331 74 8 23 22 50
Jan. 10 16,205 10,696 1,835 168 1,010 562 1,935 598 369 63 10 45 27 85
Jan. 17 14,584 9,775 2,025 342 756 585 1,101 552 354 77 12 32 21 56
Jan. 24* 14,968 8,820 2,623 433 1,197 616 1,279 554 321 92 14 44 19 64
Daily
Jan. 17 12,992 8,974 1,407 551 854 568 639 474 330 58 15 27 17 27
Jan. 20 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Jan. 21 14,742 9,137 2,680 356 1,338 175 1,057 578 344 102 12 55 5 60
Jan. 22 13,273 8,818 1,735 95 1,207 284 1,134 492 317 60 6 42 16 51
Jan. 23 16,888 8,505 3,454 849 1,046 1,388 1,646 593 301 115 25 36 36 80
* Data through January 23.
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
2018 82,442 47,708 13,574 3,989 6,051 3,487 7,632 4,042 2,154 566 269 413 205 434
2019 79,801 46,823 12,553 3,690 5,817 3,206 7,711 3,960 2,181 527 260 399 190 402
2020* 84,317 48,050 12,256 3,913 6,171 4,317 9,610 4,045 2,099 508 283 401 230 523
Monthly average
2019-Aug. 82,590 49,128 13,395 4,058 6,551 3,013 6,444 4,046 2,271 570 267 416 192 330
Sept. 84,280 50,635 12,808 3,760 5,818 2,966 8,292 4,168 2,408 566 264 355 169 406
Oct. 78,040 44,668 11,982 3,661 5,389 2,912 9,427 3,928 2,093 515 276 375 175 494
Nov. 77,976 43,284 13,881 3,867 4,918 3,891 8,135 3,758 1,931 571 265 318 233 439
Dec. 75,281 48,920 8,905 3,254 4,666 2,922 6,614 3,419 1,997 381 219 298 171 352
2020-Jan.* 84,317 48,050 12,256 3,913 6,171 4,317 9,610 4,045 2,099 508 283 401 230 523
Weekly (Friday) average
Dec. 27 65,309 47,909 8,336 1,977 2,372 1,427 3,290 2,692 1,835 322 134 130 80 191
Jan. 3 67,841 40,611 9,920 2,826 5,035 2,171 7,278 3,150 1,756 432 210 282 107 364
Jan. 10 87,281 49,195 10,955 3,107 6,965 4,660 12,400 4,231 2,139 455 267 446 265 659
Jan. 17 79,441 46,135 10,564 4,725 5,198 4,708 8,111 3,900 2,053 456 327 372 243 449
Jan. 24* 86,758 50,449 15,845 3,974 5,392 3,895 7,203 4,100 2,189 655 250 356 202 449
Daily
Jan. 17 75,575 45,499 8,717 5,441 4,945 4,232 6,741 3,814 2,145 394 327 354 212 382
Jan. 20 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Jan. 21 88,915 55,602 12,311 4,278 5,757 3,853 7,114 4,404 2,470 600 262 416 206 450
Jan. 22 79,744 46,388 15,110 3,138 5,003 3,981 6,124 3,747 1,982 623 215 337 205 385
Jan. 23 91,615 49,358 20,114 4,505 5,415 3,850 8,373 4,149 2,114 741 273 315 195 511
* Data through January 23.

Footnotes

1. Millions of dollars.

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Last Update: January 24, 2020