UPDATE 1-US commercial paper market expands for 4th wk-Fed

(Adds details from latest Fed data)

NEW YORK, Oct 14 (BestGrowthStock) – The U.S. commercial paper
market expanded for a fourth straight week, Federal Reserve
data showed on Thursday, signaling continued demand for credit
against a backdrop of modest economic growth.

For the week ended Oct. 13, the size of the U.S. commercial
paper market rose by $5.1 billion to $1.128 trillion
outstanding.

Total asset-backed commercial paper outstanding was
unchanged from last week to total $397.4 billion.

Unsecured financial commercial paper issuance fell in the
week by $300 million after a $31.8 billion rise the previous
week.
(Reporting by Chris Reese; editing by Jeffrey Benkoe)

UPDATE 1-US commercial paper market expands for 4th wk-Fed