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US seasonally adjusted CP rises in latest week - Fed
December 27, 2012 / 2:55 PM / 5 years ago

US seasonally adjusted CP rises in latest week - Fed

NEW YORK, Dec 27 (Reuters) - The U.S. seasonally adjusted commercial paper market expanded for an ninth 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 on Thursday.

U.S. seasonally adjusted commercial paper outstanding rose $7.3 billion to $1.066 trillion in the week ended Dec. 26, according to the latest Fed data.

However, non-seasonally adjusted commercial paper outstanding, which some analysts consider a more reliable reading, fell by $5.1 billion to $951.7 billion.

U.S. non-seasonally adjusted foreign bank commercial paper outstanding rose by $1.1 billion to $197.5 billion.

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