Averages of daily figures. The Federal Reserve Board has discontinued this series. For more information see the H.15 Statistical Release (https://www.federalreserve.gov/releases/h15/default.htm).

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

The Federal Reserve Board has discontinued this series. For more information see the H.15 Statistical Release (https://www.federalreserve.gov/releases/h15/default.htm).

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

Series is calculated as the spread between 3-Month AA Financial Commercial Paper (RIFSPPFAAD90NB) and Effective Federal Funds Rate (https://fred.stlouisfed.org/series/DFF). Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department (https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield).

Average of offering rates on commercial paper placed by several leading dealers for firms whose bond rating is AA or equivalent, quoted on a discount basis. Averages of daily figures.

Averages of daily figures. The Federal Reserve Board has discontinued this series. For more information see the H.15 Statistical Release (https://www.federalreserve.gov/releases/h15/default.htm).

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

The Federal Reserve Board has discontinued this series. For more information see the H.15 Statistical Release (https://www.federalreserve.gov/releases/h15/default.htm).

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

Average of offering rates on commercial paper placed by several leading dealers for firms whose bond rating is AA or equivalent, quoted on a discount basis. Averages of daily figures.

The Federal Reserve Board has discontinued this series. For more information see the H.15 Statistical Release (https://www.federalreserve.gov/releases/h15/default.htm).

The Federal Reserve Board has discontinued this series. For more information see the H.15 Statistical Release (https://www.federalreserve.gov/releases/h15/default.htm).

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

On April 10, 2006, the Federal Reserve Board made major changes to its commercial paper outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical commercial paper issuer information was updated. For more information, please refer to https://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

For more information, please see http://www.federalreserve.gov/releases/cp/about.htm.

This series may have irregularities or important features that are not disclosed here. To see whether this is the case, please consult Part 1, Section 2 in the original source at: https://fraser.stlouisfed.org/scribd/?item_id=6408&filepath=/docs/publications/bms/1914-1941/BMS14-41_complete.pdf&start_page=1#scribd-open details can be found in the footnotes of each table as well as the introductory material for Section 2.

Source ID: FL893169105.Q For more information about the Flow of Funds tables, see the Financial Accounts Guide (https://www.federalreserve.gov/apps/fof/Default.aspx). With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights (https://www.federalreserve.gov/apps/fof/FOFHighlight.aspx). In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer (https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FL893169105&t=) provided by the source.

Source ID: FR893169105.Q For more information about the Flow of Funds tables, see the Financial Accounts Guide (https://www.federalreserve.gov/apps/fof/Default.aspx). With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights (https://www.federalreserve.gov/apps/fof/FOFHighlight.aspx). In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer (https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FR893169105&t=) provided by the source.

Source ID: FA893169105.Q For more information about the Flow of Funds tables, see the Financial Accounts Guide (https://www.federalreserve.gov/apps/fof/Default.aspx). With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights (https://www.federalreserve.gov/apps/fof/FOFHighlight.aspx). In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer (https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FA893169105&t=) provided by the source.

This series appears in Table 13a. Source Code: Q:3P:3P:1:1:C:A:A:TO1:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:1:1:C:A:A:CAD:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:1:1:C:A:A:EU1:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:1:1:C:A:A:TO1:I:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:1:1:C:A:A:GBP:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:1:1:C:A:A:CHF:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:1:1:C:A:A:USD:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:1:1:C:A:A:JPY:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:B:1:C:A:A:TO1:I:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:2:1:C:A:A:TO1:I:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:S:1:C:A:A:TO1:I:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:B:1:C:A:A:TO1:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:2:1:C:A:A:TO1:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:S:1:C:A:A:TO1:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

This series appears in Table 13a. Source Code: Q:3P:3P:J:1:C:A:A:TO1:E:A:A:A:A:I Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors. For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf) Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.