Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download FRED

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of June 1, 2026Posted June 2, 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* 5,156 2,117 1,706 657 324 241 111 165 67 47 25 13 10 4
Monthly average
2026-Jan. 4,824 2,339 1,269 567 413 161 75 158 76 36 23 14 7 2
Feb. 4,618 2,327 1,270 457 321 145 99 152 76 36 18 13 6 3
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* 6,533 4,173 160 1,444 579 127 50 191 124 4 43 14 5 1
Weekly (Friday) average
May 8 6,198 2,188 2,558 762 218 336 135 192 65 66 29 11 17 5
May 15 4,564 1,575 1,843 184 165 719 80 145 55 46 9 8 24 3
May 22 4,754 1,231 2,072 622 433 331 65 155 44 52 25 17 15 2
May 29 4,885 1,834 2,432 282 253 85 0 142 51 62 16 10 3 0
June 5* 6,533 4,173 160 1,444 579 127 50 191 124 4 43 14 5 1
Daily
May 26 7,411 5,294 1,488 453 176 0 0 217 147 42 19 9 0 0
May 27 2,978 207 2,314 183 134 140 0 94 9 63 12 7 3 0
May 28 3,463 1,743 825 249 455 191 0 117 45 25 22 18 7 0
May 29 5,688 90 5,100 242 247 10 0 142 4 116 13 8 1 0
June 1 6,533 4,173 160 1,444 579 127 50 191 124 4 43 14 5 1
* Data through June 1.
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* 12,523 7,716 1,497 1,358 1,278 293 381 799 445 94 101 111 32 17
Monthly average
2026-Jan. 11,891 7,072 1,415 1,415 1,354 314 321 847 493 93 102 106 36 17
Feb. 14,259 8,922 1,446 1,705 1,363 316 506 958 581 87 130 110 28 22
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* 12,394 8,655 1,663 764 1,048 263 0 724 411 86 57 146 24 0
Weekly (Friday) average
May 8 13,627 7,261 1,779 1,411 930 374 1,872 786 360 109 106 91 38 83
May 15 11,607 7,442 1,431 1,272 987 421 55 727 376 97 88 99 65 2
May 22 12,723 8,123 1,460 1,539 1,298 194 110 778 410 82 118 140 18 11
May 29 12,462 8,243 1,608 1,120 1,294 146 53 770 426 87 104 124 24 6
June 5* 12,394 8,655 1,663 764 1,048 263 0 724 411 86 57 146 24 0
Daily
May 26 13,615 9,265 1,554 1,150 1,393 252 0 801 446 80 114 135 26 0
May 27 12,319 7,180 2,347 1,044 1,640 43 65 750 357 124 93 166 7 3
May 28 12,349 8,523 1,236 1,050 1,378 37 125 759 458 73 94 109 8 17
May 29 11,566 8,003 1,293 1,234 765 252 20 768 443 70 114 86 53 2
June 1 12,394 8,655 1,663 764 1,048 263 0 724 411 86 57 146 24 0
* Data through June 1.
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* 4,802 4,565 87 48 27 9 65 135 127 2 1 1 0 3
Monthly average
2026-Jan. 4,974 4,808 50 49 23 13 32 141 135 1 1 1 0 2
Feb. 4,445 4,266 54 56 21 4 44 128 122 1 1 1 0 3
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* 5,569 5,494 0 0 50 0 25 155 153 0 0 1 0 1
Weekly (Friday) average
May 8 5,324 5,048 107 65 22 28 55 146 138 3 2 1 1 1
May 15 5,185 4,898 201 22 24 0 40 136 127 6 1 1 0 1
May 22 6,153 5,326 260 0 89 40 438 163 138 6 0 2 1 16
May 29 4,951 4,620 252 31 16 19 12 131 121 7 1 0 1 1
June 5* 5,569 5,494 0 0 50 0 25 155 153 0 0 1 0 1
Daily
May 26 5,340 5,215 0 50 50 25 0 141 138 0 1 1 1 0
May 27 6,387 5,690 610 0 12 25 50 183 161 17 0 1 1 3
May 28 4,577 4,477 0 75 0 25 0 121 118 0 2 0 1 0
May 29 3,500 3,100 400 0 0 0 0 78 68 10 0 0 0 0
June 1 5,569 5,494 0 0 50 0 25 155 153 0 0 1 0 1
* Data through June 1.
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* 19,398 12,190 4,056 418 536 466 1,732 558 339 115 13 19 16 57
Monthly average
2026-Jan. 17,331 10,650 3,505 497 587 590 1,502 532 321 105 16 21 19 50
Feb. 19,031 11,477 4,352 369 434 428 1,972 564 332 120 12 17 16 67
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* 20,357 13,848 2,163 858 816 816 1,856 540 354 53 19 30 31 53
Weekly (Friday) average
May 8 19,591 13,052 4,050 510 418 204 1,357 547 348 120 13 13 6 47
May 15 21,634 14,258 4,422 337 312 536 1,769 631 391 127 14 15 27 58
May 22 23,474 15,203 4,288 354 626 710 2,292 643 392 125 13 18 24 72
May 29 23,169 14,542 4,961 1,004 523 545 1,593 633 381 136 29 16 23 48
June 5* 20,357 13,848 2,163 858 816 816 1,856 540 354 53 19 30 31 53
Daily
May 26 28,007 15,658 8,574 1,078 582 540 1,574 777 416 226 25 23 34 53
May 27 21,997 13,507 4,535 1,446 596 607 1,307 609 357 125 44 16 22 45
May 28 25,935 17,053 4,642 1,166 720 379 1,975 656 414 125 36 17 14 50
May 29 16,738 11,949 2,094 328 196 655 1,516 489 337 68 11 6 22 45
June 1 20,357 13,848 2,163 858 816 816 1,856 540 354 53 19 30 31 53
* Data through June 1.
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* 120,210 74,071 19,147 5,658 6,693 3,395 11,246 4,717 2,653 649 330 416 181 487
Monthly average
2026-Jan. 115,837 70,272 17,156 5,360 7,457 4,117 11,476 4,789 2,706 607 326 450 217 484
Feb. 115,907 69,987 18,572 5,789 6,371 3,058 12,131 4,850 2,740 637 359 417 162 536
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* 137,078 90,677 12,173 8,591 11,931 2,975 10,731 4,804 2,889 368 363 620 131 433
Weekly (Friday) average
May 8 123,761 76,855 19,055 6,688 5,727 3,350 12,086 4,662 2,581 637 340 404 176 525
May 15 131,192 84,122 22,204 5,082 4,212 3,805 11,767 4,945 2,817 729 304 333 259 502
May 22 146,557 95,997 23,261 6,365 6,393 3,295 11,247 5,272 3,112 734 353 419 156 497
May 29 135,392 86,567 22,574 5,532 6,632 3,410 10,677 5,024 2,854 704 353 408 200 505
June 5* 137,078 90,677 12,173 8,591 11,931 2,975 10,731 4,804 2,889 368 363 620 131 433
Daily
May 26 140,875 91,169 25,640 5,109 6,344 2,857 9,756 5,171 2,921 835 338 379 221 477
May 27 131,146 77,402 25,814 5,452 6,872 3,992 11,612 5,053 2,697 777 359 509 186 525
May 28 146,732 98,162 20,736 6,032 7,173 2,453 12,174 5,357 3,117 651 381 398 190 620
May 29 122,815 79,533 18,104 5,535 6,139 4,339 9,166 4,514 2,679 551 335 347 203 399
June 1 137,078 90,677 12,173 8,591 11,931 2,975 10,731 4,804 2,889 368 363 620 131 433
* Data through June 1.

Footnotes

1. Millions of dollars.

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Last Update: June 2, 2026