Commercial paper market grows in week: Fed

NEW YORK Thu Apr 19, 2012 10:56am EDT

NEW YORK (Reuters) - The commercial paper market grew in the latest week, suggesting some renewed business appetite for short-term credit even as economic growth seems to be slowing, according to Federal Reserve data released on Thursday.

In the week ended April 18, commercial paper outstanding rose $4.2 billion to $932.6 billion on a seasonally adjusted basis, the Fed said.

The increase reversed the decline in this outstanding short-term debt seen during the previous two weeks.

On a non-seasonally-adjusted basis, the supply of commercial paper, which companies use to finance payrolls and inventories, grew $5.2 billion in the latest week to $1.008 trillion.

While most of the major issuer categories showed growth in the latest week, commercial paper outstanding from foreign banks, on a non-seasonally adjusted basis, fell for a third consecutive week. It declined by $1.6 billion to $127.1 billion.

(Reporting by Richard Leong; Editing by James Dalgleish)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.