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U.S. seasonally adjusted CP market shrinks for 5th week

NEW YORK, Oct 4 (Reuters) - The amount of seasonally adjusted U.S. commercial paper contracted for a fifth consecutive week in the week ended Oct. 3, Federal Reserve data showed on Thursday.

U.S. seasonally adjusted commercial paper outstanding fell $15 billion to $975.1 billion in the latest week.

Non-seasonally adjusted commercial paper outstanding - which some analysts consider is a more reliable reading than the seasonally adjusted one since it has been distorted by the financial crisis - rose $1.9 billion to $972.1 billion.

U.S. non-seasonally adjusted foreign bank commercial paper outstanding fell $200 million to $192.2 billion.

(Reporting by Chris Reese; Editing by James Dalgleish)

((Chris.Reese@thomsonreuters.com)(+1 646 303 6313)(Reuters Messaging: chris.reese.thomsonreuters.com@thomsonreuters.net))

Keywords: MARKETS COMMERCIALPAPER/