NEW YORK Jan 17 The U.S. commercial paper
market expanded to its largest size in 17 months, Federal
Reserve data showed on Thursday, suggesting steady growth by the
Companies raise short-term cash by selling commercial paper
to money market funds and other investors to finance
inventories, payrolls and other daily operations.
U.S. seasonally adjusted commercial paper outstanding rose
for a 12th straight week. It jumped $27.8 billion to $1.133
trillion in the week ended Jan. 16.
The latest figure was the highest since $1.147 trillion in
the week ended Aug. 17, 2011, according to Fed data.
Non-seasonally adjusted commercial paper outstanding - which
some analysts consider more reliable than seasonally adjusted
since it has been distorted by the financial crisis - rose $28.9
billion to $1.030 trillion.
This was the highest level of short-term corporate debt on a
non-seasonally adjusted basis since the week of Nov. 16, 2011
when it stood at $1.031 trillion.
U.S. non-seasonally adjusted commercial paper outstanding
from foreign financial companies rose $13.4 billion to $231