Table 1: Dollar Volume of Medium-Term Notes Outstanding

(Millions of dollars, end of period)

 Issuer 1994 1995 1996 1997 1998 1999 2000 2001 2002  All U.S. corporations 235,486 267,501 287,323 302,102 388,729 420,565 446,439 479,178 515,912  Financial corporations 145,857 171,096 194,535 221,247 290,424 320,165 349,344 384,903 422,883  Finance companies 91,439 107,618 115,738 121,370 150,041 164,238 167,616 192,739 243,445  Auto 33,753 37,076 37,541 38,496 45,794 57,016 48,017 58,333 56,430  Other 57,686 70,542 78,197 82,874 104,247 107,222 119,599 134,406 187,016  Commercial banks 21,468 27,964 33,569 35,666 52,201 63,333 61,200 54,693 48,238  Other depository institutions 1,250 2,255 2,670 600 340 840 265 165 150  Securities brokers 26,944 27,176 34,556 56,692 74,105 75,717 94,379 95,807 77,219  Asset-backed n.a. n.a. n.a. 81 3,668 4,965 9,951 20,351 32,846  Other

1 4,756 6,083 8,002 6,838 10,069 11,072 15,933 21,148 20,986 

 Nonfinancial corporations 89,629 96,405 92,788 80,855 98,305 100,400 97,095 94,275 93,028  Electric, gas, and water 28,771 29,658 28,288 21,979 24,464 23,972 26,877 27,543 26,537  Manufacturing 31,959 33,945 34,204 21,941 29,734 30,143 27,291 27,792 29,778  Services 7,453 10,091 10,944 12,009 14,382 15,494 13,171 12,958 11,382  Telephone and communication 6,731 7,414 5,538 13,367 15,951 16,165 15,365 11,575 11,580  Transportation, mining, and construction 6,233 6,094 5,713 3,887 5,232 6,088 5,945 6,129 5,441  Wholesale and retail trade 8,482 9,203 8,101 7,672 8,542 8,538 8,446 8,278 8,310 

 Note. Components may not sum to totals because of rounding. Data source changed between 1996 and 1997. Data from 1997 through 2001 were  1. "Other" financial corporations category consists of insurance and real estate firms and miscellaneous investing institutions. n.a. Not available.
Table 2: Number of Issuers with Medium-Term Notes Outstanding

(End of period)

 Issuer 1994 1995 1996 1997 1998 1999 2000 2001 2002 200 All U.S. corporations 376 401 411 435 460 456 460 461 460 44 Financial corporations 114 121 126 156 167 170 177 176 188 18 Finance companies 51 50 49 59 63 62 64 61 65 6 Auto 3 3 3 7 7 6 6 6 6  Other 48 47 46 52 56 56 58 55 59 5 Commercial banks 30 31 32 36 37 38 40 39 36 3 Other depository institutions 5 6 6 4 3 4 3 3 2  Securities brokers 10 10 10 18 19 18 17 17 15 1 Asset-backed n.a. n.a. n.a. 2 3 4 7 8 21 2 Other

1 18 24 29 37 42 44 46 48 49 5

 Nonfinancial corporations 262 280 285 279 293 286 283 285 272 25 Electric, gas, and water 83 90 91 87 92 91 94 98 95 8 Manufacturing 111 117 117 91 98 95 90 92 93 9 Services 13 14 14 25 25 24 25 23 18 1 Telephone and communication 17 17 18 26 25 24 22 22 20 2 Transportation, mining, and construction 19 21 23 21 24 23 21 22 21 1 Wholesale and retail trade 19 21 22 29 29 29 31 28 25 2

 Note. Components may not sum to totals because of rounding. Data source changed between 1996 and 1997. Data from 1997 through significantly revised in 2002. 1. "Other" financial corporations category consists of insurance and real estate firms and miscellaneous investing institutions. n.a. Not available.
Table 3: Dollar Volume of Medium-Term Notes Outstanding, by Issuer Rating

(Millions of dollars, end of period)

 Issuer 1994 1995 1996 1997 1998 1999 2000 2001 2002  All U.S. corporations 235,486 267,501 287,323 302,102 388,729 420,567 446,439 479,177 515,912  AAA 12,725 17,021 13,599 11,470 16,779 25,620 38,901 69,613 120,080  AA 15,686 22,984 38,027 48,541 51,318 50,110 98,170 107,747 116,368  A 142,543 161,758 168,488 197,197 266,444 283,925 248,306 193,948 216,588  BBB 59,603 61,040 61,449 37,515 43,563 49,610 45,399 95,088 46,211  BB 4,136 3,723 4,638 5,166 5,989 6,200 7,268 7,422 5,069  B 343 500 635 884 898 403 4,712 520 0  Other

1 451 475 488 1,331 3,740 4,698 3,684 4,839 11,596 

 Financial corporations 145,857 171,096 194,535 221,248 290,424 320,166 349,344 384,903 422,883  AAA 12,130 16,621 13,045 10,013 15,562 24,505 38,230 67,431 117,056  AA 9,747 16,185 30,771 34,180 34,492 30,757 81,514 91,406 109,847  A 96,964 107,662 119,131 157,758 214,799 234,069 204,320 154,586 174,350  BBB 25,839 29,410 30,337 16,142 20,098 25,199 15,426 66,858 16,584  BB 1,177 1,218 1,251 1,346 1,263 938 1,795 714 244  B 0 0 0 704 718 243 4,546 440 0  Other

1 0 0 0 1,105 3,492 4,455 3,513 3,468 4,803 

 Nonfinancial corporations 89,629 96,405 92,788 80,854 98,305 100,401 97,095 94,274 93,028  AAA 595 400 554 1,456 1,217 1,115 671 2,181 3,024  AA 5,939 6,799 7,256 14,361 16,826 19,353 16,656 16,341 6,522  A 45,579 54,095 49,357 39,440 51,644 49,857 43,985 39,363 42,238  BBB 33,763 31,630 31,111 21,372 23,464 24,411 29,973 28,230 29,627  BB 2,959 2,506 3,387 3,819 4,726 5,262 5,473 6,708 4,825  B 343 500 635 180 180 160 166 80 0  Other

1 451 475 488 226 248 243 171 1,371 6,793 

 Note. Components may not sum to totals because of rounding. Data source changed between 1996 and 1997. Data from 1997 through 2001 were  1. "Other" rating category consists of firms rated less than B and those not rated by Standard & Poor’s or Moody’s Investors Service.
Table 4: Dollar Volume of Gross Issuance of Medium-Term Notes

(Millions of dollars)

 Issuer 1994 1995 1996 1997 1998 1999 2000 2001 2002  All U.S. corporations 88,144 98,916 93,677 114,436 149,219 170,753 210,183 222,931 257,754  Financial corporations 70,374 79,461 81,954 98,878 128,524 149,291 190,487 205,827 237,383  Finance companies 41,605 45,648 41,590 44,045 63,125 70,570 74,122 89,988 128,183  Auto 11,219 11,631 8,642 12,076 19,732 26,909 17,534 28,945 16,327  Other 30,386 34,017 32,948 31,969 43,393 43,661 56,588 61,043 111,856  Commercial banks 8,103 13,945 12,136 14,815 19,057 24,038 22,199 18,128 13,090  Other depository institutions 500 1,285 1,518 180 100 500 0 0 0  Securities brokers 19,320 16,912 24,319 36,192 40,759 46,275 78,761 70,875 57,870  Asset-backed n.a. n.a. n.a. n.a. n.a. 5,438 8,469 14,929 28,599  Other

1 846 1,671 2,391 3,646 5,483 2,470 6,936 11,907 9,641 

 Nonfinancial corporations 17,770 19,455 11,723 15,558 20,695 21,462 19,696 17,104 20,370  Electric, gas, and water 2,523 2,732 1,877 2,765 3,198 2,493 5,586 3,716 4,217  Manufacturing 6,817 7,531 5,221 6,321 9,213 7,023 5,699 5,726 7,139  Services 3,529 4,691 3,144 4,187 6,837 5,012 1,941 3,843 3,015  Telephone and communication 1,492 1,493 831 838 395 4,292 3,788 1,580 3,115  Transportation, mining, and construction 920 612 405 177 111 1,558 1,088 1,304 709  Wholesale and retail trade 2,489 2,396 245 1,270 941 1,084 1,594 935 2,175 

 Note. Components may not sum to totals because of rounding. Data source changed between 1996 and 1997. Data from 1999 through 2001 were  1. "Other" financial corporations category consists of insurance and real estate firms and miscellaneous investing institutions. n.a. Not available.
Table 5: Number of Issuers of Medium-Term Notes

 Issuer 1994 1995 1996 1997 1998 1999 2000 2001 2002 200 All U.S. corporations 171 195 165 158 145 150 145 122 135 14 Financial corporations 68 78 87 84 71 77 80 67 86 9 Finance companies 30 34 36 38 29 29 34 27 32 3 Auto 3 3 3 5 6 5 5 4 4  Other 27 31 33 33 23 24 29 23 28 2 Commercial banks 16 19 21 20 14 16 13 11 13 1 Other depository institutions 1 3 2 1 1 1 0 0 0  Securities brokers 10 8 10 11 9 11 11 9 9 1 Asset-backed n.a. n.a. n.a. n.a. n.a. 4 6 8 19 1 Other 1 11 14 18 14 18 16 16 12 13 1

 Nonfinancial corporations 103 117 78 74 74 73 65 55 49 4 Electric, gas, and water 37 42 31 32 31 22 25 20 15 1 Manufacturing 39 46 29 20 26 24 18 18 17 1 Services 8 7 7 6 7 10 9 6 5  Telephone and communication 6 8 5 4 2 5 4 2 2  Transportation, mining, and construction 7 7 3 4 3 6 4 5 4  Wholesale and retail trade 6 7 3 8 5 6 5 4 6 

 Note. Components may not sum to totals because of rounding. Data source changed between 1996 and 1997. Data from 1999 through  significantly revised in 2002. 1. "Other" financial corporations category consists of insurance and real estate firms and miscellaneous investing institutions. n.a. Not available.
Table 6: Dollar Volume of Gross Issuance of Medium-Term Notes, by Issuer Rating

(Millions of dollars)

 Issuer 1994 1995 1996 1997 1998 1999 2000 2001 2002  All U.S. corporations 87,844 98,916 93,675 114,470 149,269 170,753 210,181 222,932 257,754  AAA 9,274 10,358 4,740 2,065 10,021 15,832 25,730 38,811 89,342  AA 5,292 7,965 12,011 28,688 37,148 15,277 49,541 49,183 74,277  A 58,600 65,440 60,910 68,080 86,054 124,568 122,556 102,860 82,130  BBB 13,926 14,452 15,126 14,361 15,887 10,289 9,713 29,392 7,092  BB 618 573 757 266 159 478 451 526 0  B 134 128 131 1,010 0 100 50 0 0  Other

1 n.a. n.a. n.a. n.a. n.a. 4,209 2,140 2,160 4,912 

 Note. Components may not sum to totals because of rounding. Data source changed between 1996 and 1997. Data from 1999 through 2001 were  1. "Other" rating category consists of firms rated less than B and those not rated by Standard & Poor’s or Moody’s Investors Service. n.a. Not available.