Thursday, September 18, 2008

U.S. Commercial Paper Market Shrinking

The U.S. commercial paper market fell $52.1 billion to a seasonally adjusted $1.76 trillion for the week ended Sept. 17, the Federal Reserve said today. On a non-seasonally adjusted basis, the market dropped $74.1 billion, or 4.2 percent, to $1.68 trillion, the biggest percentage-point decline in at least 26 years.

-EPJ Newsdesk

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