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 August 20, 2026Posted August 21, 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* 5,137 2,297 1,528 570 371 253 118 165 72 41 22 16 10 4
Monthly average
2026-Mar. 5,888 2,113 1,968 930 409 309 159 188 67 55 33 16 12 6
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.* 5,367 2,859 1,091 351 388 427 252 176 92 27 13 19 16 10
Weekly (Friday) average
July 24 5,872 3,024 2,216 225 167 206 35 176 86 65 8 7 9 1
July 31 6,352 3,092 1,759 647 183 431 240 181 93 44 18 5 12 9
Aug. 7 5,477 2,636 1,205 489 204 636 308 168 78 29 19 7 22 13
Aug. 14 5,599 3,102 1,329 211 231 368 358 188 100 33 9 17 16 13
Aug. 21* 4,942 2,834 650 354 815 239 50 173 98 18 11 36 9 1
Daily
Aug. 14 7,908 683 6,400 104 302 419 0 238 33 154 4 23 24 0
Aug. 17 7,683 6,858 0 68 644 113 0 250 215 0 2 26 7 0
Aug. 18 2,964 2,156 150 0 493 65 100 104 77 6 0 17 2 2
Aug. 19 5,220 880 1,965 461 1,515 298 100 173 40 47 12 63 9 2
Aug. 20 3,900 1,441 486 886 607 480 0 165 62 18 29 37 19 0
* Data through August 20.
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* 12,427 7,691 1,420 1,368 1,298 322 328 761 419 86 98 112 31 14
Monthly average
2026-Mar. 13,018 8,408 1,501 1,145 1,347 238 378 792 459 99 80 116 25 14
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.* 11,301 7,240 1,408 1,258 989 360 46 629 337 80 89 78 40 6
Weekly (Friday) average
July 24 12,686 7,893 1,391 1,024 1,437 862 79 732 404 70 79 142 31 6
July 31 13,785 7,217 1,399 1,432 2,068 167 1,501 725 377 72 84 147 13 33
Aug. 7 11,628 7,601 1,295 1,194 1,185 324 28 639 341 71 83 97 42 5
Aug. 14 11,055 6,857 1,490 1,384 831 442 51 620 330 90 98 61 38 4
Aug. 21* 11,201 7,267 1,445 1,182 942 301 63 628 342 77 85 74 40 9
Daily
Aug. 14 9,331 6,140 1,267 1,225 398 272 28 494 297 76 66 34 19 2
Aug. 17 11,652 7,815 1,575 1,168 470 610 15 661 348 79 103 32 98 1
Aug. 18 10,925 7,076 1,197 1,216 1,229 208 0 620 328 58 101 115 18 0
Aug. 19 11,131 6,681 1,698 1,354 1,101 279 18 568 304 87 74 65 34 4
Aug. 20 11,097 7,497 1,312 990 969 109 220 661 390 85 62 83 11 30
* Data through August 20.
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* 5,011 4,716 105 44 28 10 110 141 130 3 1 1 0 6
Monthly average
2026-Mar. 4,605 4,442 43 55 8 7 50 133 128 1 1 0 0 2
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.* 5,514 5,173 135 0 40 13 153 160 145 5 0 1 0 8
Weekly (Friday) average
July 24 5,393 5,155 112 38 0 30 58 148 136 3 1 0 1 7
July 31 5,464 5,164 171 100 0 7 22 161 152 6 2 0 0 1
Aug. 7 5,364 5,086 102 0 20 21 136 161 150 4 0 0 1 7
Aug. 14 5,499 5,243 122 0 42 10 81 152 137 7 0 2 0 6
Aug. 21* 5,720 5,194 192 0 62 8 264 169 150 5 0 1 0 12
Daily
Aug. 14 5,703 5,215 400 0 0 50 38 176 140 28 0 0 1 7
Aug. 17 5,318 5,280 0 0 0 0 38 147 141 0 0 0 0 6
Aug. 18 5,350 4,912 0 0 0 0 438 160 145 0 0 0 0 15
Aug. 19 6,917 5,360 766 0 250 0 541 212 160 20 0 5 0 27
Aug. 20 5,295 5,225 0 0 0 30 40 156 154 0 0 0 1 1
* Data through August 20.
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* 20,344 13,061 4,112 404 579 454 1,735 577 357 116 12 20 15 58
Monthly average
2026-Mar. 18,900 11,592 4,076 354 591 357 1,930 540 326 111 10 19 11 63
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.* 22,316 14,973 4,348 320 578 441 1,655 621 396 120 10 21 15 59
Weekly (Friday) average
July 24 21,400 14,807 4,068 254 545 374 1,352 593 403 114 8 18 12 39
July 31 23,712 17,299 4,034 407 965 434 573 629 448 108 11 27 12 22
Aug. 7 22,345 15,053 4,255 376 337 634 1,689 629 402 121 12 13 20 61
Aug. 14 22,200 15,131 4,149 459 700 181 1,580 622 400 117 13 24 6 62
Aug. 21* 22,425 14,676 4,715 77 726 524 1,706 610 384 124 3 26 19 54
Daily
Aug. 14 18,972 14,542 2,326 343 294 60 1,407 588 415 84 11 22 2 54
Aug. 17 21,950 14,767 3,358 30 1,086 684 2,026 589 385 88 1 34 33 48
Aug. 18 24,077 14,877 6,167 256 735 380 1,663 661 400 151 9 25 10 66
Aug. 19 20,689 13,814 4,715 10 421 299 1,430 574 366 126 1 16 13 52
Aug. 20 22,984 15,248 4,620 14 663 734 1,704 616 387 129 2 30 19 49
* Data through August 20.
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* 126,365 79,798 19,616 5,768 6,784 3,399 10,999 4,792 2,734 648 329 418 183 480
Monthly average
2026-Mar. 116,698 71,446 19,336 5,736 6,962 2,918 10,300 4,575 2,581 683 303 410 153 445
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.* 135,656 89,514 20,685 5,807 6,052 3,474 10,123 4,817 2,817 647 315 368 220 450
Weekly (Friday) average
July 24 140,711 94,848 22,059 4,476 6,049 3,771 9,508 5,091 3,054 681 286 408 188 475
July 31 142,906 96,487 20,342 5,720 7,811 2,980 9,566 4,896 3,056 632 274 417 148 369
Aug. 7 132,546 86,689 19,703 6,252 5,870 3,970 10,063 4,764 2,756 622 321 366 238 461
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* 140,104 90,144 23,157 4,923 7,191 3,409 11,281 4,927 2,819 706 288 402 238 474
Daily
Aug. 14 125,295 84,741 19,420 5,441 3,790 2,139 9,765 4,353 2,685 626 266 249 114 413
Aug. 17 130,053 90,065 15,553 3,712 4,950 3,682 12,091 4,684 2,850 513 272 288 293 468
Aug. 18 137,825 86,527 24,484 5,204 6,456 3,537 11,618 5,061 2,741 788 334 389 314 495
Aug. 19 141,528 88,304 24,252 5,270 11,044 2,467 10,191 4,760 2,736 703 248 465 187 421
Aug. 20 151,011 95,679 28,338 5,505 6,313 3,952 11,223 5,204 2,948 822 299 465 157 513
* Data through August 20.

Footnotes

1. Millions of dollars.

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Last Update: August 21, 2026