U.S. commercial paper market grows in week ended Oct. 21, Fed data show
SPY•Seasonally adjusted U.S. commercial paper outstanding rose $22.6 billion to $1.503 trillion in the week ended Oct. 21. Non-seasonally adjusted outstanding increased $2.1 billion to $1.448 trillion.
1. Outstanding rises
Seasonally adjusted U.S. commercial paper outstanding rose $22.6 billion to $1.503 trillion in the latest week, Federal Reserve data showed. Non-seasonally adjusted outstanding, which some analysts consider a more reliable reading because seasonal figures have been distorted by the financial crisis, rose $2.1 billion to $1.448 trillion.
2. Foreign financial paper
Non-seasonally adjusted foreign financial commercial paper outstanding rose $4.7 billion to $351.3 billion.
