Asset-backed commercial paper outstandings inched up last month to $669 billion from $665 billion in July, according to the Federal Reserve Bank. Outstandings had dropped $5 billion in July from the 2001 high of $670 billion.

Overall commercial paper outstandings dropped for the fourth consecutive month, shrinking nearly 3% to $1.40 trillion from $1.44 trillion. ABCP now accounts for nearly 47% of the market.

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