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Article: Commercial paper outstanding drops again
- Article from:
- AP Worldstream
- Article date:
- October 9, 2008
- Author:
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The Federal Reserve says the amount of commercial paper in the market has dropped for the fourth straight week.
Commercial paper is unsecured debt that companies issue to get short-term cash.
Commercial paper outstanding fell by $56.4 billion to a seasonally adjusted $1.55 trillion in the week ended Oct. 8, the Fed says. That drop is smaller, however, ...