NEW YORK Dec 13 The U.S. commercial paper
market expanded for a seventh consecutive week, suggesting there
is demand for short-term credit for companies to fund their
operations and banks to make loans, Federal Reserve data showed
U.S. seasonally adjusted commercial paper outstanding rose
$13.8 billion to $1.049 trillion in the week ended Dec. 12,
according to the latest Fed data.
However, non-seasonally adjusted commercial paper
outstanding, which some analysts consider a more reliable
reading, fell for a second week. It declined $4.8 billion to
U.S. non-seasonally adjusted foreign bank commercial paper
outstanding fell for the first time in four weeks, declining by
$1.9 billion to $124.9 billion.