Off The Wire
U.S. commercial paper market shrinks in week: Fed
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.