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U.S. commercial paper market shrinks in week: Fed

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NEW YORK, (Reuters) - The amount of U.S. commercial paper contracted in the week ended Mar 21 Federal Reserve data showed on Thursday.

U.S. seasonally adjusted commercial paper outstanding fell $15.6 billion to $1.065 trillion 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 - fell $15.4 billion to $1.087 trillion.

U.S. non-seasonally adjusted foreign financial commercial paper outstanding fell $1.6 billion to $283.3 billion.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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