Federal Reserve Data Shows Increase in U.S. Commercial Paper Size Last Week

On June 12, the Federal Reserve announced that as of the week ending June 10, the size of U.S. commercial paper has increased. In the latest week, seasonally adjusted U.S. outstanding commercial paper rose by $11.4 billion to $1.413 trillion. Meanwhile, the seasonally unadjusted outstanding commercial paper decreased by $6.9 billion to $1.466 trillion. Some analysts believe that the unadjusted data is more reliable than the seasonally adjusted figures, as the latter can be distorted by financial crises. Additionally, the unadjusted outstanding commercial paper from foreign financial institutions fell by $7.2 billion to $356 billion.