Board of Governors of the Federal Reserve System

Commercial Paper

Commercial Paper Rates Derived from data supplied by The Depository Trust & Clearing Corporation

Data as of July 27, 2016Posted July 28, 2016

Daily rates for commercial paper are provided for the AA nonfinancial, A2/P2 nonfinancial, AA financial, and AA asset-backed 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.

Period AA nonfinancial A2/P2 nonfinancial
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
Annual average
2014 0.06 0.06 0.06 0.07 0.08 0.10 0.21 0.24 0.25 0.27 0.29 0.32
2015 0.09 0.09 0.10 0.11 0.13 0.16 0.37 0.41 0.44 0.47 0.51 0.56
2016* 0.32 0.32 0.33 0.35 0.41 0.47 0.58 0.65 0.70 0.77 0.83 0.86
Monthly average
2016-Feb. 0.31 0.32 0.33 0.35 0.42 0.47 0.58 0.64 0.69 0.79 0.87 1.00
Mar. 0.30 0.32 0.32 0.34 0.40 0.47 0.58 0.66 0.71 0.80 0.83 0.77
Apr. 0.32 0.32 0.33 0.35 0.39 0.48 0.57 0.66 0.71 0.77 0.80 0.83
May 0.33 0.32 0.33 0.35 0.41 0.48 0.58 0.63 0.69 0.76 0.81 0.80
June 0.36 0.34 0.35 0.38 0.43 0.49 0.59 0.65 0.70 0.78 0.85 0.88
July* 0.34 0.34 0.34 0.35 0.40 0.46 0.58 0.65 0.71 0.75 0.83 0.81
Weekly (Friday) average
July 1 0.36 0.38 0.40 0.38 0.42 0.47 0.60 0.68 0.70 0.81 0.91 0.65
July 8 0.34 0.35 0.35 0.37 0.41 0.46 0.59 0.66 0.75 0.73 0.81 0.82
July 15 0.34 0.34 0.35 0.37 0.41 0.47 0.58 0.64 0.70 0.74 0.81 0.81
July 22 0.34 0.33 0.33 0.33 0.40 0.47 0.58 0.64 0.71 0.76 0.81 0.80
July 29* 0.36 0.35 0.34 0.36 0.40 0.47 0.58 0.63 0.69 0.77 0.85 0.80
Daily
July 21 0.31 0.33 0.33 0.34 0.40 0.45 0.57 0.62 0.67 0.81 0.74 0.75
July 22 0.32 0.34 0.33 0.35 0.41 0.47 0.58 0.63 0.75 0.72 0.81 n.a.
July 25 0.37 n.a. 0.33 0.35 0.36 0.45 0.58 0.66 0.68 0.77 0.95 n.a.
July 26 0.37 0.35 0.35 0.36 0.43 0.49 0.58 0.60 0.68 0.77 0.86 0.85
July 27 0.33 0.34 0.35 0.36 0.41 0.47 0.57 0.62 0.71 0.76 0.75 0.75
* Data through July 27.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.
Period AA financial AA asset-backed
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
Annual average
2014 0.06 0.07 0.07 0.08 0.10 0.12 0.11 0.12 0.13 0.15 0.18 0.20
2015 0.09 0.10 0.11 0.12 0.17 0.23 0.16 0.16 0.18 0.19 0.24 0.29
2016* 0.37 0.37 0.37 0.40 0.47 0.56 0.41 0.42 0.44 0.46 0.53 0.62
Monthly average
2016-Feb. 0.35 0.37 0.38 0.41 0.47 0.54 0.39 0.39 0.41 0.44 0.51 0.59
Mar. 0.36 0.37 0.38 0.41 0.47 0.55 0.40 0.40 0.42 0.44 0.51 0.60
Apr. 0.36 0.37 0.37 0.41 0.47 0.55 0.40 0.41 0.45 0.45 0.51 0.59
May 0.37 0.36 0.36 0.38 0.47 0.57 0.41 0.41 0.46 0.45 0.52 0.60
June 0.38 0.38 0.37 0.39 0.47 0.55 0.42 0.42 0.45 0.47 0.54 0.62
July* 0.40 0.40 0.39 0.40 0.50 0.61 0.46 0.51 0.47 0.51 0.59 0.70
Weekly (Friday) average
July 1 0.40 0.39 0.38 0.40 0.48 0.57 0.47 0.46 0.46 0.51 0.59 0.66
July 8 0.40 0.39 0.42 0.37 0.46 0.60 0.46 0.47 0.47 0.49 0.57 0.66
July 15 0.40 0.40 0.39 0.38 0.52 0.62 0.46 0.52 0.47 0.51 0.59 0.68
July 22 0.40 0.40 0.40 0.43 0.51 0.63 0.46 0.48 0.48 0.52 0.59 0.71
July 29* 0.40 0.39 0.37 0.40 0.52 0.63 0.45 0.62 0.47 0.52 0.62 0.78
Daily
July 21 0.40 0.41 0.41 0.40 0.50 0.63 0.46 0.45 0.48 0.49 0.60 0.68
July 22 0.40 0.38 0.36 0.40 0.48 0.64 0.46 0.45 0.47 0.52 0.57 0.72
July 25 0.40 0.38 0.34 0.37 0.50 0.62 0.45 0.96 0.47 0.50 0.61 0.78
July 26 0.40 0.38 0.32 0.36 0.50 0.63 0.45 0.46 0.47 0.54 0.61 0.76
July 27 0.40 0.42 0.44 0.47 0.55 0.63 0.45 0.45 0.46 0.52 0.64 0.79
* Data through July 27.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.

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Last update: July 28, 2016