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 December 1, 2016Posted December 2, 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* 7,226 4,208 1,294 384 506 501 334 281 157 43 17 24 22 18
Monthly average
2016-July 6,666 3,957 1,086 273 414 521 415 275 152 42 15 19 25 23
Aug. 6,850 4,659 1,022 237 369 319 244 267 171 34 13 19 14 16
Sept. 7,786 4,633 1,585 606 395 345 222 286 164 50 24 19 13 15
Oct. 8,625 5,302 1,570 346 545 582 280 335 194 54 16 24 27 20
Nov. 8,012 3,913 2,159 549 552 650 189 294 142 66 22 26 27 11
Dec.* 8,132 2,892 1,230 1,566 320 1,859 264 319 103 44 87 22 53 10
Weekly (Friday) average
Nov. 4 9,283 5,101 2,163 224 709 873 212 355 201 63 12 33 35 11
Nov. 11 7,289 4,220 1,733 333 275 645 84 286 157 56 16 15 33 8
Nov. 18 9,759 5,084 1,181 1,296 897 953 348 345 169 38 48 38 33 19
Nov. 25 5,839 1,488 3,532 357 233 171 57 196 52 105 15 15 6 3
Dec. 2* 7,168 3,420 1,878 571 424 653 222 274 127 58 30 23 25 12
Daily
Nov. 25 228 96 0 82 50 0 0 22 9 0 8 5 0 0
Nov. 28 9,486 6,462 2,300 82 442 148 52 361 243 71 10 25 7 5
Nov. 29 5,027 2,365 1,610 59 562 231 200 186 83 48 5 28 13 9
Nov. 30 6,028 1,959 2,374 575 372 375 373 232 80 68 17 18 26 23
Dec. 1 8,132 2,892 1,230 1,566 320 1,859 264 319 103 44 87 22 53 10
* Data through December 1.

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* 5,532 3,270 692 643 735 155 36 500 278 63 66 75 16 2
Monthly average
2016-July 5,946 3,506 737 801 760 91 52 530 287 64 83 85 9 3
Aug. 5,790 3,632 792 535 700 109 24 508 298 69 57 69 13 2
Sept. 5,805 3,739 765 497 616 167 20 502 306 69 49 59 17 2
Oct. 5,255 3,296 487 486 720 187 79 486 292 46 49 73 20 6
Nov. 5,554 3,281 806 490 678 276 22 486 272 69 46 68 28 1
Dec.* 6,597 3,633 917 818 816 330 83 553 319 62 71 66 32 3
Weekly (Friday) average
Nov. 4 5,547 3,594 732 489 572 123 37 495 295 66 49 64 17 3
Nov. 11 5,752 3,662 801 333 776 170 9 506 304 69 32 83 16 1
Nov. 18 6,381 3,813 437 817 896 391 28 543 305 39 64 94 40 1
Nov. 25 4,233 1,701 1,429 206 540 316 41 374 153 122 23 43 30 2
Dec. 2* 5,875 3,549 777 550 629 348 21 520 312 58 60 56 33 1
Daily
Nov. 25 953 835 54 63 0 0 0 78 66 4 8 0 0 0
Nov. 28 6,387 3,911 707 569 856 344 0 592 347 62 68 79 36 0
Nov. 29 5,176 3,098 788 360 317 613 0 467 293 66 34 28 46 0
Nov. 30 5,339 3,556 696 455 526 106 0 467 290 43 65 50 19 0
Dec. 1 6,597 3,633 917 818 816 330 83 553 319 62 71 66 32 3
* Data through December 1.

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* 11,384 10,514 200 48 84 98 439 351 301 6 2 4 5 33
Monthly average
2016-July 10,768 9,863 317 36 71 66 415 309 258 9 2 4 3 33
Aug. 10,603 9,753 307 57 80 76 331 317 267 8 3 4 5 31
Sept. 10,073 9,496 53 27 63 92 342 301 258 2 2 4 4 32
Oct. 7,469 6,984 36 27 61 109 252 261 220 2 1 3 5 30
Nov. 7,154 6,646 114 33 69 88 203 246 214 4 2 3 4 19
Dec.* 7,001 6,581 122 5 5 172 117 241 210 6 1 4 5 15
Weekly (Friday) average
Nov. 4 4,885 4,238 46 39 115 91 356 190 148 1 2 4 6 29
Nov. 11 6,906 6,625 48 25 77 75 57 236 212 2 1 4 2 14
Nov. 18 8,198 7,706 37 45 75 103 232 278 249 1 2 4 4 18
Nov. 25 7,727 7,108 409 12 14 52 131 256 223 14 1 2 3 13
Dec. 2* 6,619 6,292 42 23 16 123 124 222 195 3 2 2 6 13
Daily
Nov. 25 7,187 7,187 0 0 0 0 0 210 210 0 0 0 0 0
Nov. 28 9,528 9,241 10 7 12 75 184 295 272 1 1 2 6 13
Nov. 29 8,856 8,569 6 5 14 162 101 282 260 3 1 1 5 12
Nov. 30 1,091 776 30 77 32 82 93 68 39 3 6 2 7 11
Dec. 1 7,001 6,581 122 5 5 172 117 241 210 6 1 4 5 15
* Data through December 1.

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* 12,235 7,476 1,114 359 1,187 617 1,482 439 266 42 13 44 21 53
Monthly average
2016-July 13,184 7,755 1,130 537 1,773 795 1,194 469 276 40 17 62 24 50
Aug. 12,862 8,001 911 410 1,395 448 1,697 462 283 36 13 50 18 61
Sept. 15,294 9,907 1,347 549 1,032 540 1,918 521 327 47 18 39 17 72
Oct. 12,470 8,569 778 466 830 489 1,338 470 318 33 16 32 18 53
Nov. 11,906 7,553 1,439 368 663 528 1,355 448 286 53 15 27 16 52
Dec.* 13,585 8,594 692 562 771 304 2,662 503 316 38 19 31 13 86
Weekly (Friday) average
Nov. 4 11,725 7,419 855 448 797 671 1,535 446 287 30 16 31 22 60
Nov. 11 12,398 8,646 1,055 176 494 312 1,715 463 319 40 7 23 9 65
Nov. 18 13,700 8,812 1,100 438 874 1,041 1,435 497 321 39 19 37 26 55
Nov. 25 9,422 5,222 2,594 234 253 281 839 358 207 94 9 10 10 29
Dec. 2* 12,344 7,822 1,363 506 809 300 1,544 477 303 56 24 30 12 52
Daily
Nov. 25 2,795 2,092 164 10 130 26 372 127 100 12 1 4 2 8
Nov. 28 12,071 7,802 1,388 791 1,115 237 739 488 303 64 53 26 12 30
Nov. 29 11,237 6,984 2,131 472 383 248 1,019 420 268 66 18 14 9 45
Nov. 30 12,484 7,909 1,242 197 966 413 1,756 498 324 54 8 51 12 49
Dec. 1 13,585 8,594 692 562 771 304 2,662 503 316 38 19 31 13 86
* Data through December 1.

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* 78,530 49,266 9,216 3,625 6,238 3,396 6,789 3,539 2,009 410 237 377 175 332
Monthly average
2016-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. 81,055 52,048 10,157 3,366 6,418 2,865 6,200 3,619 2,069 436 210 390 167 346
Sept. 86,433 56,306 10,811 4,058 5,820 2,937 6,501 3,679 2,160 446 234 338 153 347
Oct. 73,848 47,039 7,854 3,102 5,660 3,310 6,883 3,493 2,029 355 202 351 183 373
Nov. 71,208 42,854 10,691 3,371 5,020 3,539 5,734 3,312 1,830 437 217 326 189 312
Dec.* 74,679 40,972 9,663 6,071 5,999 6,025 5,950 3,503 1,806 445 392 338 251 271
Weekly (Friday) average
Nov. 4 67,688 41,200 8,127 2,832 4,899 3,976 6,654 3,300 1,860 339 198 334 198 371
Nov. 11 73,808 47,704 9,699 2,174 5,850 2,924 5,457 3,432 1,983 420 152 400 167 310
Nov. 18 77,845 48,129 7,694 5,321 5,922 4,485 6,294 3,568 2,006 301 307 388 221 345
Nov. 25 61,012 31,798 16,901 2,489 3,220 2,351 4,252 2,767 1,342 706 149 212 136 221
Dec. 2* 72,679 43,456 10,972 3,886 4,913 4,110 5,342 3,406 1,924 448 281 278 217 259
Daily
Nov. 25 29,416 23,659 2,350 1,439 534 842 591 1,218 955 98 56 28 31 50
Nov. 28 79,113 52,302 8,755 3,455 5,945 3,619 5,037 3,686 2,251 374 274 312 219 256
Nov. 29 73,862 45,048 13,395 3,195 3,553 3,394 5,278 3,402 1,957 503 251 218 204 269
Nov. 30 63,062 35,503 12,076 2,822 4,156 3,402 5,103 3,035 1,680 471 207 242 194 241
Dec. 1 74,679 40,972 9,663 6,071 5,999 6,025 5,950 3,503 1,806 445 392 338 251 271
* Data through December 1.

Footnotes

1. Millions of dollars.

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Last update: December 2, 2016