As reported in the current issue of ASR (5/12/03), the Federal Reserve recorded a significant spike in ABCP outstandings in late April — to the tune of $30 billion over one week — all of which puzzled market players who said they really hadn’t witnessed this sort of increase in activity.  

As it turns out, the Fed's numbers were misleading because, during the week-over-week period, nearly the entire statistical increase was attributable to the addition of pre-existing programs to the source pool.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.