NEW YORK -- The Federal Reserve Bank of New York said commercial paper in the United States decreased by $3.774 billion in April, to $553.355 billion.
According to the seasonally adjusted data, financial company paper was down $4.179 billion in April, to $405.07 billion, after rising during the two previous months by a total of $7.824 billion.
Nonfinancial company paper was up $405 million, to $148.285 million. That category of debt had fallen in the two previous months by a total of $10.138 billion.
