The size of the U.S. commercial paper market recorded growth in the past week.
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Golden Ten Data reported on March 13 that data released by the Federal Reserve on Thursday showed an increase in the size of U.S. commercial paper for the week ending March 11. After seasonal adjustment, the outstanding U.S. commercial paper increased by $13 billions, reaching $1.41 trillions. The unadjusted outstanding commercial paper balance decreased by $9.5 billions to $1.423 trillions. Some analysts believe that, due to the impact of the financial crisis, the unadjusted data is more reliable. The unadjusted outstanding U.S. foreign financial commercial paper decreased by $20 billions to $376.3 billions.
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