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 April 16, 2015Posted April 17, 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* 4,472 2,565 568 372 529 198 240 180 104 19 16 23 8 10
Monthly average
2014-Nov. 5,845 3,714 781 283 514 269 285 211 129 26 11 21 12 13
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.* 3,558 1,603 618 344 435 249 310 144 72 17 13 19 9 14
Weekly (Friday) average
Mar. 20 3,309 1,932 882 331 75 79 10 151 98 33 11 4 4 0
Mar. 27 5,312 3,028 1,032 374 445 130 303 219 136 35 14 16 6 12
Apr. 3 2,593 1,113 200 341 624 177 137 109 53 9 12 24 6 5
Apr. 10 3,929 2,045 331 430 391 355 377 158 82 9 16 21 12 20
Apr. 17* 3,589 1,322 1,262 225 369 112 299 154 74 32 10 19 5 14
Daily
Apr. 10 2,542 1,719 0 468 120 100 135 104 57 0 18 10 6 13
Apr. 13 4,173 1,405 2,250 0 92 100 327 151 66 55 0 5 5 20
Apr. 14 3,952 1,184 2,000 345 336 59 29 143 67 41 13 17 2 3
Apr. 15 3,475 1,258 696 371 440 180 530 164 71 26 15 24 10 18
Apr. 16 2,754 1,442 100 184 609 110 310 156 93 6 11 29 3 14
* Data through April 16.

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* 5,728 3,173 811 732 800 161 52 514 270 66 77 81 15 4
Monthly average
2014-Nov. 5,184 2,728 609 961 594 220 72 436 227 50 79 55 20 5
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.* 4,651 2,206 458 701 1,035 187 64 456 207 40 80 107 18 6
Weekly (Friday) average
Mar. 20 6,145 3,736 924 523 739 202 22 565 337 76 54 80 17 1
Mar. 27 5,493 3,178 736 413 983 160 22 511 287 64 45 101 12 2
Apr. 3 4,697 2,220 581 691 1,038 118 49 455 199 49 89 102 12 5
Apr. 10 4,711 2,162 350 658 1,288 203 50 465 209 33 75 127 17 4
Apr. 17* 4,491 2,450 501 750 506 200 85 457 235 45 85 64 21 7
Daily
Apr. 10 3,834 1,977 255 611 924 45 22 416 200 29 85 95 3 4
Apr. 13 3,875 1,994 250 761 657 200 13 437 215 18 88 83 30 3
Apr. 14 4,359 2,202 590 1,083 336 123 25 439 217 46 117 41 16 2
Apr. 15 5,414 2,970 719 588 568 320 250 517 263 64 68 79 25 18
Apr. 16 4,315 2,635 443 566 464 156 50 436 245 51 66 55 14 5
* Data through April 16.

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* 1,077 458 146 17 28 88 341 66 33 7 1 2 4 19
Monthly average
2014-Nov. 1,485 857 36 19 60 123 391 83 50 1 1 3 6 22
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.* 1,078 388 266 56 9 76 283 64 31 11 4 2 3 13
Weekly (Friday) average
Mar. 20 974 455 118 34 78 53 237 68 37 8 2 5 4 12
Mar. 27 825 434 117 3 23 116 133 55 33 6 1 3 4 8
Apr. 3 693 282 147 31 6 3 223 42 20 7 2 1 2 10
Apr. 10 1,035 476 164 41 6 117 231 69 38 8 5 1 4 13
Apr. 17* 1,210 319 410 83 14 76 307 66 32 13 4 2 2 14
Daily
Apr. 10 771 564 3 3 3 118 81 63 46 1 1 1 6 8
Apr. 13 1,323 314 717 0 19 100 173 62 31 17 1 2 2 9
Apr. 14 1,429 339 700 111 17 50 212 70 30 21 5 4 1 9
Apr. 15 1,056 284 224 0 0 155 393 64 28 14 0 1 6 15
Apr. 16 1,030 339 0 220 20 0 451 69 38 0 8 1 0 22
* Data through April 16.

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* 8,899 4,521 731 351 1,498 541 1,255 373 205 34 14 53 21 47
Monthly average
2014-Nov. 10,463 5,144 946 447 1,563 679 1,684 423 213 43 17 57 27 66
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.* 7,330 3,977 493 312 1,175 539 833 322 188 22 12 43 22 34
Weekly (Friday) average
Mar. 20 10,913 5,688 843 546 2,243 645 948 427 239 38 16 77 22 35
Mar. 27 7,971 3,891 623 345 1,329 658 1,125 326 168 29 14 50 22 43
Apr. 3 4,776 2,390 691 230 817 227 420 222 128 26 9 25 11 23
Apr. 10 8,057 4,235 486 338 1,126 736 1,135 347 202 24 11 38 29 42
Apr. 17* 8,721 5,072 305 353 1,736 445 809 384 234 17 16 68 18 30
Daily
Apr. 10 7,521 4,554 842 361 699 539 526 348 225 43 12 20 20 28
Apr. 13 8,152 5,310 145 413 1,031 384 870 363 248 9 22 42 15 27
Apr. 14 8,410 5,686 422 166 878 730 529 362 253 18 13 36 26 16
Apr. 15 9,607 4,852 343 428 2,895 244 844 426 228 23 14 120 14 27
Apr. 16 8,714 4,442 311 405 2,141 422 994 383 207 17 16 74 19 50
* Data through April 16.

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* 77,528 48,703 8,643 3,804 6,677 2,917 6,783 3,453 2,004 368 252 381 149 299
Monthly average
2014-Nov. 91,847 61,892 9,409 4,392 5,878 3,322 6,954 3,788 2,336 395 254 318 163 321
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.* 67,039 39,413 9,129 3,768 6,277 2,750 5,702 3,107 1,699 349 252 392 145 270
Weekly (Friday) average
Mar. 20 75,055 47,888 9,424 3,939 6,694 2,629 4,481 3,372 2,038 393 220 376 140 206
Mar. 27 81,180 53,953 8,034 2,993 6,172 3,186 6,841 3,596 2,242 349 196 374 160 274
Apr. 3 51,673 28,696 7,734 3,279 5,893 1,796 4,274 2,572 1,347 324 232 350 108 211
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* 74,902 46,692 9,738 3,479 6,438 2,950 5,605 3,363 1,947 366 236 382 158 274
Daily
Apr. 10 65,545 45,986 3,436 3,550 5,428 2,118 5,027 3,078 1,895 196 239 407 91 250
Apr. 13 71,941 46,620 7,575 3,078 6,463 2,790 5,416 3,243 1,955 254 234 392 164 244
Apr. 14 76,332 45,567 11,053 3,898 6,876 2,928 6,010 3,341 1,896 384 274 341 154 292
Apr. 15 79,755 47,397 14,030 3,289 6,395 2,721 5,924 3,591 1,965 543 204 429 158 292
Apr. 16 71,579 47,183 6,293 3,653 6,020 3,360 5,069 3,276 1,972 283 233 366 156 266
* Data through April 16.

Footnotes

1. Millions of dollars.

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Last update: April 17, 2015