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Data as of September 18, 2008
Volume Statistics for Commercial Paper Issuance

Volume statistics of daily commercial paper issuance are provided for the total market, as well as for each of the commercial paper discount rate categories; AA nonfinanial, A2/P2 nonfinancial, AA financial, and AA asset-backed. The criteria that determine which issues are included in the AA asset-backed, AA financial, AA nonfinanial, and A2/P2 nonfinancial categories are detailed under Rate Calculations in the about section of the commercial paper 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.



Period AA nonfinancial
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 1,447 952 134 110 137 100 15   98 58 12 10 10 6 1
2007 1,427 757 113 115 176 147 120 96 49 11 10 13 8 5
2008* 1,556 608 149 199 303 209 87 104 43 12 15 21 10 4
Monthly average
2008-Apr 1,257 467 190 164 198 189 50   84 34 13 14 12 9 2
May 1,632 622 172 252 282 234 70 101 38 14 15 17 14 3
Jun 1,663 593 204 213 279 213 161 100 37 16 14 17 9 7
Jul 1,293 391 164 172 287 189 90 99 32 15 13 24 10 5
Aug 1,429 470 109 238 393 170 49 93 32 8 17 26 8 2
Sep* 2,255 886 133 248 404 395 190 131 52 10 16 27 19 8
Weekly (Friday) average
2008-Aug 22 1,248 469 44 249 332 147 8   83 29 5 18 26 5 0
29 1,257 561 29 103 395 170 0 86 37 4 10 29 7 0
Sep 5 2,152 489 181 114 472 510 386 133 40 14 7 34 23 16
12 1,905 810 81 244 228 365 177 111 52 5 20 14 14 6
19* 2,795 1,377 151 385 557 315 10 153 63 12 20 36 20 2
Daily
2008-Sep 12 1,926 604 214 385 125 124 475   125 37 11 43 12 6 16
15 2,373 1,727 0 276 246 124 0 141 92 0 22 15 12 0
16 2,575 1,111 284 509 314 356 2 156 60 24 24 25 21 2
17 3,597 1,368 313 666 1,011 204 36 193 56 18 28 67 20 4
18 2,636 1,301 6 91 658 578 1 122 44 5 7 38 27 1
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 18.


Period A2/P2 nonfinancial
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 4,986 3,733 330 231 490 138 65   329 193 27 20 56 21 12
2007 6,573 5,120 443 315 447 174 73 432 290 38 29 47 19 8
2008* 7,919 6,125 597 479 512 165 41 527 356 52 47 51 18 4
Monthly average
2008-Apr 8,233 6,357 613 536 538 145 44   543 362 52 55 53 17 4
May 7,920 6,213 535 455 498 192 27 537 368 49 46 49 22 3
Jun 7,773 6,124 484 418 542 172 35 560 385 49 46 56 19 4
Jul 8,155 6,181 593 534 579 223 45 548 363 53 50 58 19 4
Aug 7,708 6,055 524 463 524 114 29 500 338 47 44 52 15 4
Sep* 7,851 6,007 617 461 583 157 26 529 359 52 43 55 17 3
Weekly (Friday) average
2008-Aug 22 8,353 6,617 644 462 533 81 15   520 376 48 37 41 15 2
29 7,738 6,145 474 548 474 97 0 517 361 39 57 47 12 0
Sep 5 8,144 5,915 577 571 879 185 16 537 326 50 58 77 23 4
12 7,901 5,649 777 541 651 228 55 519 329 59 46 59 21 5
19* 7,495 6,545 457 252 202 40 0 535 430 46 26 27 6 0
Daily
2008-Sep 12 8,451 5,943 986 743 568 204 7   495 308 68 55 42 20 2
15 6,035 5,552 229 50 186 18 0 461 390 42 9 14 6 0
16 7,735 7,019 525 96 79 17 0 482 406 44 14 16 2 0
17 8,670 7,425 642 363 194 45 0 571 467 49 32 19 4 0
18 7,541 6,184 433 499 348 78 0 624 458 48 47 58 13 0
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 18.


Period AA financial
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 18,569 13,841 1,013 591 1,226 1,013 885   1,050 713 69 47 93 58 70
2007 13,098 8,321 995 690 1,073 621 1,397 716 387 63 51 91 47 77
2008* 9,794 5,407 574 545 1,131 652 1,484 517 251 36 32 74 48 77
Monthly average
2008-Apr 11,810 6,620 905 637 1,490 726 1,432   602 297 50 36 90 56 73
May 10,854 5,715 873 624 1,245 781 1,616 585 286 42 33 80 67 76
Jun 8,904 4,684 648 476 904 709 1,483 502 237 36 24 57 48 100
Jul 8,323 4,408 427 377 1,167 585 1,359 475 229 30 25 74 41 77
Aug 9,030 4,515 421 678 1,036 716 1,663 454 213 28 33 64 43 74
Sep* 8,669 4,923 396 546 654 595 1,554 410 209 29 26 41 34 71
Weekly (Friday) average
2008-Aug 22 9,104 4,706 528 758 1,131 698 1,282   447 218 37 34 64 37 57
29 9,592 5,125 408 799 997 947 1,316 459 221 21 42 60 50 65
Sep 5 9,433 4,649 277 863 1,127 911 1,607 483 225 26 42 61 45 85
12 9,475 4,916 472 395 555 790 2,347 443 212 31 18 35 48 100
19* 6,896 5,205 420 419 304 36 512 296 189 31 20 28 8 21
Daily
2008-Sep 12 8,832 3,909 285 614 502 1,953 1,569   369 143 24 25 28 68 81
15 6,861 4,049 278 502 453 14 1,566 274 140 22 24 32 8 48
16 5,160 3,718 349 223 339 110 420 225 119 28 13 32 12 21
17 8,073 6,969 717 85 251 7 43 349 262 45 7 23 3 9
18 7,490 6,084 335 865 175 14 18 337 236 27 37 26 7 4
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 18.


Period AA asset-backed
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 51,246 28,913 2,779 2,266 11,274 3,235 2,780   2,126 1,166 147 113 452 135 113
2007 69,907 45,552 4,001 3,087 10,649 2,854 3,765 2,446 1,496 153 125 422 116 134
2008* 60,859 39,965 3,562 2,558 8,463 2,684 3,628 1,863 1,170 110 83 279 100 121
Monthly average
2008-Apr 62,151 39,972 3,572 3,171 9,970 2,369 3,097   1,888 1,163 110 99 318 93 105
May 59,317 37,312 3,719 2,248 9,699 2,907 3,432 1,824 1,106 112 70 315 110 112
Jun 64,499 43,689 3,441 2,484 7,913 2,638 4,334 1,958 1,259 103 80 261 104 151
Jul 55,298 34,570 3,568 2,922 8,427 2,733 3,077 1,707 1,010 109 91 273 99 125
Aug 52,184 32,193 3,076 2,234 8,054 2,952 3,674 1,577 927 96 71 252 105 127
Sep* 53,130 36,841 2,414 2,072 6,141 1,953 3,710 1,629 1,068 76 66 232 70 118
Weekly (Friday) average
2008-Aug 22 53,213 31,749 2,553 2,610 8,864 3,534 3,903   1,627 917 80 78 283 131 137
29 49,486 33,435 3,526 1,938 5,587 2,026 2,973 1,474 946 102 69 181 76 100
Sep 5 51,576 30,421 3,472 2,875 7,189 2,881 4,738 1,561 863 110 90 248 102 148
12 48,605 27,228 2,546 2,360 8,561 2,506 5,404 1,530 814 78 69 310 88 170
19* 60,342 55,276 1,190 910 2,066 333 566 1,821 1,589 40 37 117 17 21
Daily
2008-Sep 12 54,439 30,251 2,439 4,511 10,715 2,021 4,502   1,642 892 72 120 342 80 136
15 44,275 37,817 292 519 4,306 270 1,071 1,431 1,138 10 30 195 22 36
16 60,949 54,845 1,147 1,626 1,785 403 1,143 1,875 1,601 34 41 133 26 40
17 65,155 61,535 1,790 1,109 371 317 34 1,918 1,743 66 58 37 9 5
18 70,987 66,909 1,532 386 1,804 341 16 2,059 1,875 51 17 104 10 2
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 18.


Period Market
Amount 1   Number of Issues
Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days Total 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2006 155,038 103,524 9,362 6,563 20,311 7,676 7,603   7,865 4,691 621 442 1,136 450 525
2007 171,953 118,200 10,804 7,289 19,249 6,403 10,008 8,108 5,020 614 450 1,075 390 559
2008* 147,058 99,051 8,705 6,642 16,192 6,234 10,234 6,338 3,895 448 367 799 349 480
Monthly average
2008-Apr 152,149 100,808 9,485 7,359 18,553 6,110 9,833   6,329 3,806 480 398 857 345 442
May 142,287 91,929 8,725 6,257 18,501 7,011 9,864 6,143 3,659 419 332 866 407 460
Jun 142,170 96,155 8,089 6,419 14,647 6,350 10,509 6,034 3,695 397 337 705 364 535
Jul 136,826 90,557 7,973 6,751 15,704 6,673 9,168 5,866 3,538 404 359 746 355 463
Aug 133,144 87,677 7,166 6,457 15,127 6,570 10,148 5,528 3,253 387 356 722 354 457
Sep* 133,839 92,550 6,732 6,285 12,301 5,413 10,558 5,563 3,404 380 341 672 309 456
Weekly (Friday) average
2008-Aug 22 133,184 85,911 7,379 6,872 16,293 7,608 9,122   5,495 3,212 396 354 752 370 411
29 131,193 90,170 7,778 6,047 13,175 5,400 8,623 5,440 3,253 398 381 688 310 410
Sep 5 139,359 87,287 7,988 7,341 15,508 7,737 13,498 5,792 3,176 447 400 785 402 582
12 129,739 81,044 6,846 6,511 14,753 6,533 14,052 5,457 3,043 350 346 745 377 595
19* 133,443 112,196 5,334 4,946 6,029 1,690 3,249 5,466 4,083 350 276 469 132 156
Daily
2008-Sep 12 128,079 76,841 5,952 8,796 16,018 6,728 13,744   5,285 2,927 314 426 732 332 554
15 119,772 96,895 2,810 2,873 9,153 1,150 6,891 5,065 3,665 254 226 526 121 273
16 135,549 115,372 4,558 5,403 4,490 1,593 4,133 5,433 4,216 259 248 411 125 174
17 139,559 121,360 7,248 5,334 3,681 1,437 499 5,651 4,319 477 302 336 121 96
18 138,894 115,156 6,719 6,174 6,792 2,581 1,471 5,714 4,133 411 327 602 159 82
Note. Day ranges are days to maturity.
1 Millions of dollars.
* Data through September 18.


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Last update: September 19, 2008