Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of May 14, 2024Posted May 15, 2024

Volume statistics for daily commercial paper issuance are provided for each of the commercial paper rate categories: AA nonfinancial, A2/P2 nonfinancial, AA financial, and AA asset-backed; as well as for the total market. Total market is not the sum of the four rate categories as there is additional issuance that does not fall in any of the rate categories. The criteria that determine which issues are included in the rate categories are detailed in the Rate Calculations section of the About page of this release. The market statistics reflect all sales of commercial paper to investors by dealers or direct issuers, excluding secondary issues and repurchase agreement and financing issues.

AA nonfinancial
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2022 4,359 3,230 319 237 297 195 80 157 109 13 10 13 8 3
2023 3,510 2,629 291 186 213 106 85 122 88 9 8 9 4 4
2024* 2,759 1,653 511 155 233 174 33 100 59 16 6 9 8 1
Monthly average
2023-Dec. 3,287 1,842 994 165 141 111 33 113 69 27 6 6 4 1
2024-Jan. 3,000 1,768 711 75 129 262 55 104 61 20 3 6 10 4
Feb. 2,554 1,683 463 111 169 127 0 95 62 15 4 8 6 0
Mar. 2,598 1,393 398 249 341 182 35 99 51 14 10 14 9 1
Apr. 2,679 1,543 403 175 333 179 46 101 58 13 7 12 9 2
May* 3,176 2,136 663 173 132 58 15 106 71 19 8 5 3 0
Weekly (Friday) average
Apr. 19 1,876 337 754 255 181 307 42 69 13 22 11 8 10 4
Apr. 26 2,746 1,607 586 62 326 144 20 109 62 21 4 11 10 1
May 3 2,529 912 1,173 150 102 162 30 89 38 35 4 4 8 1
May 10 3,546 3,058 198 150 104 36 0 115 97 6 7 3 2 0
May 17* 2,411 1,999 138 112 158 5 0 88 66 4 9 8 0 0
Daily
May 8 3,360 2,866 65 379 50 0 0 121 105 3 12 1 0 0
May 9 1,580 1,000 23 167 366 25 0 55 31 2 11 10 1 0
May 10 4,880 4,508 192 75 104 0 0 130 116 6 5 3 0 0
May 13 4,322 3,788 275 193 66 0 0 156 123 9 16 8 0 0
May 14 500 211 0 30 250 10 0 20 10 0 2 7 1 0
* Data through May 14.
A2/P2 nonfinancial
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2022 10,100 6,494 1,125 958 1,006 317 200 775 452 94 91 97 30 11
2023 10,274 6,688 1,183 921 1,060 241 181 838 471 93 91 140 31 12
2024* 10,596 6,801 1,364 880 918 437 196 735 420 88 76 99 41 11
Monthly average
2023-Dec. 9,883 6,490 1,401 671 1,001 208 112 685 429 93 51 80 23 10
2024-Jan. 11,026 6,746 1,573 967 995 373 372 786 445 112 84 93 37 15
Feb. 10,774 6,917 1,476 1,029 859 259 235 794 448 103 95 103 31 13
Mar. 9,986 6,559 1,374 826 814 231 182 691 396 86 77 91 28 12
Apr. 10,559 6,955 1,137 729 1,010 684 45 697 404 65 56 116 51 6
May* 10,696 6,852 1,178 851 887 817 112 689 396 66 63 81 72 10
Weekly (Friday) average
Apr. 19 10,664 7,471 1,163 693 824 469 42 731 443 69 55 94 66 4
Apr. 26 9,907 6,545 1,115 890 873 438 45 666 385 61 62 104 50 4
May 3 11,170 7,436 1,469 839 935 391 101 747 438 74 64 100 63 7
May 10 9,686 6,463 904 893 747 622 57 646 373 51 67 69 81 5
May 17* 12,004 6,868 1,401 694 875 1,967 199 736 400 88 51 96 76 26
Daily
May 8 11,020 7,015 806 570 1,430 1,149 50 756 428 46 57 100 120 5
May 9 9,278 6,201 766 1,343 733 202 34 619 354 43 90 109 20 3
May 10 8,956 5,796 861 1,023 508 765 2 628 307 45 78 43 153 2
May 13 11,460 7,265 1,512 1,021 811 673 177 737 382 82 73 94 78 28
May 14 12,549 6,470 1,289 367 939 3,262 221 734 417 94 29 98 73 23
* Data through May 14.
AA financial
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2022 9,562 8,408 596 118 224 88 128 246 206 18 4 7 3 9
2023 7,628 6,657 581 102 130 82 76 209 178 18 3 3 2 5
2024* 5,024 4,686 236 16 44 9 33 137 126 8 0 1 0 2
Monthly average
2023-Dec. 5,223 4,462 612 82 12 2 52 136 113 18 2 1 0 2
2024-Jan. 4,563 4,363 126 6 15 20 32 126 117 5 0 1 0 2
Feb. 3,491 3,397 61 13 10 6 4 97 93 3 0 1 0 0
Mar. 4,593 4,177 269 31 82 6 29 131 117 9 1 2 0 2
Apr. 6,449 5,921 408 12 75 7 26 169 153 12 0 2 0 1
May* 6,834 6,297 365 20 31 3 118 183 165 11 0 1 0 5
Weekly (Friday) average
Apr. 19 6,755 6,112 497 13 127 6 0 174 156 14 0 4 1 0
Apr. 26 6,795 6,265 452 0 59 7 12 177 160 14 0 2 0 1
May 3 6,582 6,290 100 21 39 1 132 171 161 3 1 1 0 5
May 10 6,802 6,222 430 19 22 0 109 182 161 13 0 1 0 7
May 17* 6,472 5,948 500 0 0 12 12 176 160 14 0 0 0 0
Daily
May 8 7,427 6,135 1,126 95 0 0 71 197 153 38 2 0 0 4
May 9 6,143 5,975 0 0 0 0 168 160 153 0 0 0 0 7
May 10 6,025 5,975 0 0 50 0 0 157 156 0 0 1 0 0
May 13 5,990 5,965 0 0 0 25 0 164 163 0 0 0 1 0
May 14 6,955 5,930 1,000 0 0 0 25 187 158 28 0 0 0 1
* Data through May 14.
AA asset-backed
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2022 16,982 11,030 2,697 541 918 483 1,314 535 336 77 16 31 16 58
2023 16,214 9,705 3,223 487 860 509 1,431 506 300 89 16 28 16 56
2024* 21,031 14,482 3,252 500 694 466 1,637 620 415 90 15 22 15 63
Monthly average
2023-Dec. 17,031 10,232 2,901 619 1,071 633 1,575 524 310 82 17 35 22 59
2024-Jan. 19,858 12,726 3,550 535 672 734 1,641 613 383 98 16 22 24 70
Feb. 20,311 13,928 2,973 566 780 311 1,753 602 402 83 18 24 11 66
Mar. 21,460 15,141 3,233 488 667 445 1,485 627 431 91 15 22 13 55
Apr. 21,417 15,203 3,269 494 582 396 1,473 618 429 91 13 18 12 53
May* 23,183 16,307 3,186 336 867 410 2,077 661 446 86 11 26 12 81
Weekly (Friday) average
Apr. 19 20,694 14,671 3,390 360 448 404 1,421 594 419 94 9 15 12 45
Apr. 26 21,618 15,769 3,353 521 515 457 1,003 627 442 94 15 17 16 43
May 3 22,151 15,691 3,016 453 452 390 2,149 630 434 81 13 14 10 78
May 10 23,165 16,397 3,265 280 768 495 1,960 655 442 90 10 24 15 73
May 17* 24,934 17,375 3,374 203 1,496 268 2,218 722 480 86 6 42 8 102
Daily
May 8 26,755 17,135 5,590 52 1,603 685 1,689 732 452 151 2 47 24 56
May 9 23,975 17,230 3,797 40 520 1,217 1,170 658 460 99 2 20 32 45
May 10 23,007 17,795 2,359 529 429 140 1,755 655 475 71 21 13 5 70
May 13 25,526 17,257 3,085 370 2,058 352 2,404 719 465 81 10 55 10 98
May 14 24,342 17,493 3,663 36 934 183 2,033 726 494 90 2 28 5 107
* Data through May 14.
Total market
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2022 121,237 83,340 14,203 4,945 6,919 3,738 8,093 4,541 2,744 516 287 380 187 426
2023 115,630 78,012 15,262 4,619 6,585 2,951 8,202 4,625 2,730 546 286 462 178 423
2024* 124,667 85,229 16,595 4,582 6,537 2,929 8,795 4,745 2,825 588 290 414 185 443
Monthly average
2023-Dec. 111,727 74,396 15,355 4,602 6,812 3,477 7,085 4,305 2,616 545 245 369 186 344
2024-Jan. 120,901 79,690 17,069 5,437 6,895 3,650 8,159 4,850 2,792 620 349 432 220 436
Feb. 120,872 81,764 16,859 4,588 6,466 2,170 9,025 4,736 2,777 630 308 429 146 445
Mar. 120,857 83,236 15,227 4,632 6,717 2,407 8,638 4,581 2,728 557 289 415 155 436
Apr. 131,338 91,824 17,348 3,984 6,295 3,120 8,766 4,780 2,937 566 243 404 191 439
May* 133,494 93,469 16,289 3,985 6,084 3,607 10,061 4,813 2,945 553 236 366 234 479
Weekly (Friday) average
Apr. 19 133,794 92,352 19,146 4,288 5,730 3,374 8,906 4,855 2,986 611 232 353 218 454
Apr. 26 132,946 95,235 16,189 3,627 6,092 2,879 8,924 4,843 3,026 559 218 413 203 423
May 3 127,508 89,878 15,553 3,448 6,589 2,339 9,701 4,689 2,896 532 213 418 177 452
May 10 133,603 93,223 16,243 3,926 5,574 4,168 10,470 4,827 2,926 539 245 333 285 499
May 17* 136,153 95,849 17,158 4,178 5,690 3,966 9,311 4,852 3,000 586 235 365 202 462
Daily
May 8 140,423 93,119 21,850 3,922 6,232 6,112 9,187 5,128 2,963 765 247 343 396 414
May 9 125,838 91,943 13,587 3,329 5,258 3,839 7,882 4,529 2,882 473 274 352 157 391
May 10 126,880 95,744 11,930 3,844 4,517 3,295 7,551 4,485 2,877 381 261 245 323 398
May 13 131,932 97,258 12,241 3,478 6,298 3,267 9,388 4,705 3,002 429 222 346 220 486
May 14 140,374 94,440 22,076 4,878 5,082 4,665 9,235 4,998 2,999 743 248 384 185 439
* Data through May 14.

Footnotes

1. Millions of dollars.

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Last Update: May 15, 2024