October 25, 2012 / 2:01 PM / 5 years ago

Commercial paper market shrinks in week: Fed

NEW YORK (Reuters) - The amount of commercial paper contracted for an eighth straight week in the week ended October 24 as companies reduced short-term borrowing on signs of slowing business demand, Federal Reserve data showed on Thursday.

U.S. seasonally adjusted commercial paper outstanding fell $19.2 billion to $924.4 billion 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 $4.3 billion to $969 billion.

U.S. non-seasonally adjusted foreign bank commercial paper outstanding rose $0.1 billion to $124.3 billion.

Reporting by Karen Brettell; Editing by James Dalgleish

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below