Interest rates interpolated from data on certain commercial paper trades settled by The Depository Trust Company. The trades represent sales of commercial paper by dealers or direct issuers to investors (that is, the offer side). The 1-, 2-, and 3-month rates are equivalent to the 30-, 60-, and 90-day dates reported on the Board's Commercial Paper Web page ().
During the financial crisis, investors were clobbered with MBS defaults. They then became concerned about the credit-worthiness of ABCPs, even though supposedly-safe commercial paper stood behind the ABCPs. They assumed that the ABCPs had bad loans, just like the mortgage-backed securities contained .
ABCPs are safer than long-term corporate bonds because they are short-term. There is less time for something to go wrong. The companies that issue the ABCP are high quality. That makes it unlikely they would default in just a few months. Many ultra-safe invested in ABCPs and unsecuritized commercial debt.
Financial paper that is insured by the FDIC's Temporary Liquidity Guarantee Program is not excluded from relevant indexes, nor is any financial or nonfinancial commercial paper that may be directly or indirectly affected by one or more of the Federal Reserve's liquidity facilities. Thus the rates published after September 19, 2008, likely reflect the direct or indirect effects of the new temporary programs and, accordingly, likely are not comparable for some purposes to rates published prior to that period.
Unlike commercial paper, ABCPs are backed by collateral. The collateral is the future payments made on auto loans, credit cards and invoices. Companies use ABCPs to borrow money now in return for these expected future payments. Mortgages are not used to back ABCPs because they are long-term debt, not short-term.
Rate posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. Prime is one of several base rates used by banks to price short-term business loans.
Definition: Asset-backed commercial paper is short-term debt backed by collateral. Commercial paper is another word for a 45 day to 90 day loan. Corporations with very high credit ratings can issue commercial paper without any collateral. Companies use them to raise they need immediately.
We examined patterns of Hg concentrations in U.S. commercial seafood items using, to our knowledge, the largest compilation of available academic and agency data to date. Our overarching goal was to examine long-standing questions about the patterns of seafood Hg concentrations and their variability. Our Seafood Hg Database () aggregates Hg measurements of hundreds of seafood items from federal and state agencies, as well as from smaller, more intensive studies in the scientific literature. Our specific goals were to reliably identify low-Hg and high-Hg fish, and to identify the seafood items and geographic regions for which further study is most needed. We also compared Hg concentrations in farmed seafood items relative to concentrations in their wild seafood counterparts. Finally, we compared Hg concentrations for individual seafood items to those summarized from the . FDA-MP data are commonly used for risk assessment and exposure estimates (; ; ) and in the development of state-level consumption advice for consumers (e.g., ; ). At least one previous study has compared FDA-MP data to those from independent studies in order to better estimate Hg intake in the United States (). Our study builds on this approach by synthesizing a much larger aggregation of available data to better characterize Hg variability and assess the current state of knowledge of seafood Hg content. Ideally, these improved estimates of Hg concentrations in commercial fish will help enable more accurate assessments of potential exposure and inform both public health programs and the public itself regarding the types and amounts of fish that are safe to eat.