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 July 30, 2026Posted July 31, 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* 5,082 2,249 1,532 593 370 234 104 163 70 42 22 15 10 4
Monthly average
2026-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 4,850 2,453 849 560 656 233 100 168 76 23 22 31 12 4
July* 5,019 2,789 1,292 352 324 193 69 152 82 36 11 13 7 2
Weekly (Friday) average
July 3 2,701 324 1,532 183 551 111 0 88 16 40 6 24 2 0
July 10 4,918 4,111 230 267 255 37 20 148 117 8 11 10 2 1
July 17 3,923 1,530 1,414 236 427 242 75 122 49 36 8 17 9 2
July 24 5,872 3,024 2,216 225 167 206 35 176 86 65 8 7 9 1
July 31* 5,495 3,525 449 755 157 410 200 160 104 13 20 5 11 7
Daily
July 24 9,135 1,017 7,488 267 284 78 0 242 32 181 12 14 3 0
July 27 8,521 7,028 614 104 95 580 100 223 178 20 3 4 16 2
July 28 6,303 4,826 507 200 142 628 0 182 142 13 6 4 17 0
July 29 3,697 885 324 1,940 117 230 200 115 32 11 56 5 6 5
July 30 3,460 1,363 350 775 272 200 500 122 66 9 16 7 4 20
* Data through July 30.
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* 12,544 7,737 1,423 1,383 1,323 320 357 775 428 87 100 116 31 15
Monthly average
2026-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 12,292 7,884 1,196 1,481 1,220 318 192 702 388 67 98 118 24 7
July* 12,890 7,738 1,293 1,379 1,635 457 388 729 382 72 94 138 32 11
Weekly (Friday) average
July 3 13,108 8,175 1,329 1,420 1,621 532 31 712 396 74 84 108 46 3
July 10 12,118 7,684 1,166 1,567 1,262 415 24 696 364 66 103 112 47 3
July 17 11,923 7,875 1,056 1,335 1,549 106 2 699 368 69 105 146 10 2
July 24 12,686 7,893 1,391 1,024 1,437 862 79 732 404 70 79 142 31 6
July 31* 14,394 7,194 1,463 1,589 2,090 182 1,876 764 389 78 94 149 14 41
Daily
July 24 10,219 6,680 872 1,446 1,092 124 5 657 368 44 102 132 10 1
July 27 12,838 7,969 911 1,672 2,189 98 0 740 429 64 82 161 4 0
July 28 13,559 7,219 1,423 1,888 2,811 213 4 812 409 70 115 199 18 1
July 29 15,561 6,396 2,487 1,076 1,650 134 3,818 748 332 114 76 132 9 85
July 30 15,617 7,191 1,030 1,721 1,709 284 3,682 757 385 62 102 104 26 78
* Data through July 30.
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* 4,974 4,683 101 48 27 9 106 140 129 3 1 1 0 5
Monthly average
2026-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 5,266 4,726 153 42 15 4 327 153 128 5 1 0 0 19
July* 5,564 5,260 113 54 36 14 87 151 141 4 1 1 1 4
Weekly (Friday) average
July 3 3,445 3,149 90 26 62 6 112 90 82 2 1 1 0 4
July 10 5,489 5,226 82 49 85 7 41 146 139 3 1 2 0 1
July 17 5,557 5,220 96 20 16 9 195 143 132 4 0 1 1 5
July 24 5,393 5,155 112 38 0 30 58 148 136 3 1 0 1 7
July 31* 5,980 5,680 138 125 0 9 28 181 172 4 2 0 0 2
Daily
July 24 5,567 5,291 251 0 0 25 0 166 158 7 0 0 1 0
July 27 5,629 5,389 150 0 0 10 80 167 159 4 0 0 1 3
July 28 6,626 6,585 0 0 0 25 15 203 200 0 0 0 1 2
July 29 7,022 6,797 210 0 0 0 15 208 202 5 0 0 0 1
July 30 4,644 3,950 194 500 0 0 0 146 129 7 10 0 0 0
* Data through July 30.
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* 20,141 12,843 4,110 413 576 451 1,748 573 352 116 13 20 15 58
Monthly average
2026-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 21,857 13,916 4,114 504 716 445 2,161 610 372 118 14 25 14 67
July* 22,112 15,047 4,280 316 645 401 1,423 610 398 117 10 22 12 51
Weekly (Friday) average
July 3 21,981 13,038 4,905 499 728 720 2,091 624 354 141 16 26 19 68
July 10 21,202 13,841 4,166 254 743 465 1,733 594 372 115 7 25 13 62
July 17 22,362 15,671 4,126 248 353 288 1,677 614 399 114 10 16 8 68
July 24 21,400 14,807 4,068 254 545 374 1,352 593 403 114 8 18 12 39
July 31* 24,075 17,133 4,786 413 971 274 498 636 446 124 11 27 8 20
Daily
July 24 17,836 14,200 2,215 75 213 527 606 493 381 68 2 13 12 17
July 27 19,195 14,678 2,191 564 921 250 590 521 384 60 14 30 8 25
July 28 25,612 15,715 6,650 735 1,963 150 399 670 416 163 19 49 3 20
July 29 22,957 16,672 4,742 87 643 428 384 642 464 125 4 15 16 18
July 30 28,535 21,466 5,560 268 356 267 619 713 518 149 7 14 7 18
* Data through July 30.
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* 125,473 78,794 19,552 5,770 6,856 3,387 11,115 4,793 2,726 649 330 423 180 484
Monthly average
2026-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 134,730 87,191 18,990 6,969 7,698 2,923 10,958 4,918 2,839 609 360 460 160 490
July* 142,838 94,353 21,770 5,257 7,063 3,791 10,603 5,047 2,983 675 302 430 192 465
Weekly (Friday) average
July 3 130,517 77,222 24,472 5,297 7,900 3,764 11,863 4,656 2,524 740 280 452 201 460
July 10 146,840 96,375 20,495 5,752 7,690 4,157 12,370 5,140 2,971 638 330 461 207 533
July 17 140,085 95,335 20,550 4,559 5,746 4,112 9,783 5,003 2,993 654 300 394 199 462
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* 147,241 98,285 21,942 5,898 8,094 2,696 10,326 5,055 3,134 675 280 438 144 384
Daily
July 24 120,699 85,958 20,262 3,899 3,925 2,129 4,525 4,377 2,883 623 253 303 95 220
July 27 134,552 95,414 14,593 4,642 6,544 3,347 10,012 4,780 3,058 494 231 470 171 356
July 28 158,421 102,371 26,346 6,872 14,055 2,420 6,359 5,330 3,223 787 332 598 119 271
July 29 141,719 99,639 17,033 5,965 5,619 2,481 10,982 4,918 3,213 566 267 345 145 382
July 30 154,270 95,716 29,795 6,112 6,159 2,536 13,952 5,191 3,041 852 291 339 141 527
* Data through July 30.

Footnotes

1. Millions of dollars.

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Last Update: July 31, 2026