U.S. commercial paper market shrinks in week - Fed

NEW YORK Thu Feb 7, 2013 9:56am EST

NEW YORK Feb 7 (Reuters) - The amount of U.S. commercial paper contracted in the week ended Feb. 6, Federal Reserve data showed on Thursday.

U.S. seasonally adjusted commercial paper outstanding fell $13.1 billion to $1.112 trillion in the latest week.

Non-seasonally adjusted commercial paper outstanding - which some analysts consider a more reliable reading than the seasonally adjusted one since it has been distorted by the financial crisis - rose $5.1 billion to $1.067 trillion.

U.S. non-seasonally adjusted foreign financial commercial paper outstanding rose $3.3 billion to $248.7 billion.

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