Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download FRED XML

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of September 10, 2026Posted September 11, 2026

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
2024 3,646 2,214 709 291 232 141 59 129 77 22 11 9 6 4
2025 4,343 2,408 790 382 403 220 140 155 83 25 16 17 9 6
2026* 5,212 2,368 1,535 583 363 246 117 167 74 42 22 15 10 4
Monthly average
2026-Apr. 4,898 2,066 1,624 686 178 217 127 154 63 46 25 7 9 5
May 5,407 1,654 2,434 567 292 371 90 167 52 61 23 13 15 3
June 4,850 2,453 849 560 656 233 100 168 76 23 22 31 12 4
July 5,235 2,724 1,551 346 322 208 84 157 81 42 11 13 7 3
Aug. 5,413 2,883 1,216 421 371 353 169 176 91 32 16 17 14 6
Sept.* 6,655 3,443 1,780 911 189 126 206 201 95 49 30 10 8 11
Weekly (Friday) average
Aug. 14 5,599 3,102 1,329 211 231 368 358 188 100 33 9 17 16 13
Aug. 21 5,471 2,343 1,722 347 776 242 40 180 83 43 12 33 9 1
Aug. 28 4,783 2,784 825 637 297 239 2 167 87 29 25 13 12 0
Sept. 4 6,472 3,785 1,695 556 210 65 160 184 99 45 17 9 5 9
Sept. 11* 7,083 3,799 1,374 1,340 171 185 213 224 109 41 45 10 9 10
Daily
Sept. 4 7,184 149 6,225 140 270 108 292 221 17 160 4 15 6 19
Sept. 7 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Sept. 8 7,572 5,768 736 495 246 129 197 235 156 23 18 11 10 17
Sept. 9 8,558 4,287 1,674 1,906 81 250 360 254 120 45 66 5 9 9
Sept. 10 5,121 1,342 1,714 1,619 187 176 82 184 51 55 50 14 9 5
* Data through September 10.
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
2024 10,068 6,639 1,251 805 782 438 154 674 410 82 65 74 35 8
2025 9,753 6,135 1,164 919 870 366 298 640 378 75 66 73 36 12
2026* 12,391 7,661 1,427 1,352 1,295 314 342 754 415 86 97 112 30 14
Monthly average
2026-Apr. 10,955 6,460 1,534 1,231 1,197 313 219 655 320 97 94 103 33 8
May 12,694 7,789 1,574 1,375 1,149 288 520 769 392 93 105 119 36 25
June 12,292 7,884 1,196 1,481 1,220 318 192 702 388 67 98 118 24 7
July 12,820 7,718 1,287 1,353 1,651 441 370 722 380 71 92 138 30 10
Aug. 11,416 7,186 1,349 1,212 1,057 296 316 638 345 78 86 86 32 11
Sept.* 12,305 7,560 1,782 1,219 1,326 253 165 694 370 94 82 107 27 14
Weekly (Friday) average
Aug. 14 11,055 6,857 1,490 1,384 831 442 51 620 330 90 98 61 38 4
Aug. 21 10,962 7,000 1,380 1,239 1,018 275 51 630 341 74 85 89 35 7
Aug. 28 11,915 7,048 1,319 1,055 1,143 154 1,196 656 356 82 80 91 16 31
Sept. 4 11,978 7,694 1,460 1,108 1,411 280 26 678 378 78 74 114 32 2
Sept. 11* 12,728 7,607 2,029 1,366 1,181 204 341 712 369 108 93 98 16 29
Daily
Sept. 4 10,736 7,279 733 1,310 984 400 30 558 349 36 55 85 31 2
Sept. 7 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Sept. 8 12,968 8,037 1,782 1,318 898 389 545 643 345 87 95 68 26 22
Sept. 9 12,926 7,666 2,022 1,461 1,181 157 438 793 387 108 96 124 16 62
Sept. 10 12,289 7,118 2,282 1,318 1,463 66 41 701 374 129 88 102 6 2
* Data through September 10.
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
2024 4,778 4,427 189 38 64 10 50 127 116 6 1 2 0 2
2025 4,188 3,834 186 54 39 16 59 114 103 5 1 1 1 3
2026* 5,052 4,753 113 43 26 10 108 142 131 3 1 1 0 6
Monthly average
2026-Apr. 4,550 4,303 94 50 38 1 63 125 117 3 1 2 0 2
May 5,425 4,986 200 30 46 23 140 145 132 6 1 1 1 5
June 5,266 4,726 153 42 15 4 327 153 128 5 1 0 0 19
July 5,465 5,162 121 52 34 13 83 148 138 4 1 1 1 3
Aug. 5,436 5,118 154 15 27 14 109 156 143 5 0 1 0 6
Sept.* 5,762 5,335 228 23 5 11 160 171 152 6 1 0 0 11
Weekly (Friday) average
Aug. 14 5,499 5,243 122 0 42 10 81 152 137 7 0 2 0 6
Aug. 21 5,749 5,289 193 0 50 6 211 168 152 5 0 1 0 10
Aug. 28 5,620 5,300 229 61 0 0 30 159 150 7 1 0 0 1
Sept. 4 5,224 4,903 157 0 7 30 127 156 141 5 0 0 1 9
Sept. 11* 5,738 5,243 270 54 0 10 161 161 142 6 2 0 0 12
Daily
Sept. 4 6,090 5,325 575 0 35 0 155 192 148 22 0 1 0 21
Sept. 7 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Sept. 8 5,335 5,265 0 0 0 0 70 142 137 0 0 0 0 5
Sept. 9 6,457 5,169 810 155 0 30 293 169 139 17 4 0 1 8
Sept. 10 5,421 5,295 0 6 0 0 120 173 150 0 1 0 0 22
* Data through September 10.
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
2024 22,542 15,680 3,545 517 713 466 1,621 660 449 96 15 24 15 60
2025 20,791 13,932 3,757 416 643 426 1,616 608 402 102 13 22 14 56
2026* 20,642 13,267 4,206 410 576 454 1,728 583 361 118 12 20 15 57
Monthly average
2026-Apr. 19,936 12,927 4,179 316 583 452 1,479 550 340 118 10 20 14 49
May 21,724 14,172 4,265 546 459 497 1,786 607 376 123 17 15 19 57
June 21,857 13,916 4,114 504 716 445 2,161 610 372 118 14 25 14 67
July 22,119 15,179 4,132 319 659 432 1,398 609 401 114 10 22 12 50
Aug. 22,269 14,946 4,270 315 601 448 1,688 617 397 118 10 20 15 58
Sept.* 25,908 16,350 6,446 654 453 446 1,559 695 422 170 19 14 14 55
Weekly (Friday) average
Aug. 14 22,200 15,131 4,149 459 700 181 1,580 622 400 117 13 24 6 62
Aug. 21 22,556 14,617 4,545 184 659 556 1,996 617 384 123 6 24 20 60
Aug. 28 22,956 15,417 4,525 260 668 411 1,674 627 411 123 9 18 13 53
Sept. 4 23,475 15,751 5,182 594 440 418 1,090 627 403 137 18 15 14 41
Sept. 11* 27,116 16,156 7,172 608 594 510 2,074 735 428 188 18 16 14 71
Daily
Sept. 4 21,557 15,214 3,746 842 346 315 1,094 606 404 112 24 12 12 42
Sept. 7 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Sept. 8 28,060 15,918 10,375 180 163 486 938 739 427 263 5 5 12 27
Sept. 9 26,559 16,234 5,058 1,292 944 641 2,389 742 424 148 35 23 16 96
Sept. 10 26,728 16,317 6,083 353 676 403 2,896 723 433 153 14 19 13 91
* Data through September 10.
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
2024 122,433 82,773 16,602 4,734 6,418 3,107 8,798 4,617 2,777 576 273 379 185 427
2025 122,146 80,064 17,192 4,952 6,646 3,325 9,968 4,727 2,820 590 286 405 193 433
2026* 127,519 80,746 19,956 5,772 6,691 3,369 10,984 4,802 2,744 655 327 414 183 479
Monthly average
2026-Apr. 118,630 72,771 19,493 5,237 6,599 3,474 11,054 4,461 2,437 641 326 402 179 476
May 133,427 85,235 21,444 6,064 5,779 3,452 11,454 4,951 2,822 690 340 397 199 503
June 134,730 87,191 18,990 6,969 7,698 2,923 10,958 4,918 2,839 609 360 460 160 490
July 142,053 94,123 21,414 5,246 7,046 3,806 10,417 5,012 2,972 666 300 426 190 457
Aug. 135,608 89,909 20,498 5,464 5,873 3,423 10,441 4,787 2,822 638 304 366 209 449
Sept.* 145,896 92,467 27,564 6,846 5,741 2,736 10,542 5,097 2,881 850 350 366 178 471
Weekly (Friday) average
Aug. 14 135,206 91,836 19,689 6,069 5,324 3,030 9,258 4,782 2,876 625 331 342 188 420
Aug. 21 138,249 89,716 22,849 5,177 6,734 3,216 10,557 4,862 2,803 688 294 401 225 451
Aug. 28 142,137 92,942 22,240 4,651 5,795 3,719 12,791 4,910 2,893 679 281 368 191 497
Sept. 4 136,282 90,202 22,447 5,879 5,988 2,642 9,124 4,789 2,812 695 310 369 189 414
Sept. 11* 148,978 92,808 29,591 7,508 4,988 2,719 11,364 5,222 2,906 936 382 338 155 505
Daily
Sept. 4 130,205 85,979 23,636 6,062 3,872 2,410 8,246 4,497 2,728 678 257 256 190 388
Sept. 7 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Sept. 8 146,257 95,914 30,898 5,251 3,885 2,712 7,598 4,991 2,940 978 319 256 155 343
Sept. 9 148,242 88,573 24,652 9,514 6,118 3,582 15,803 5,397 2,850 790 459 433 189 676
Sept. 10 152,435 93,938 33,224 7,759 4,961 1,862 10,691 5,279 2,929 1,040 368 325 122 495
* Data through September 10.

Footnotes

1. Millions of dollars.

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Last Update: September 11, 2026