Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of May 30, 2024Posted May 31, 2024

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
2022 4,359 3,230 319 237 297 195 80 157 109 13 10 13 8 3
2023 3,510 2,629 291 186 213 106 85 122 88 9 8 9 4 4
2024* 2,817 1,652 569 151 250 167 29 102 59 18 6 10 7 1
Monthly average
2023-Dec. 3,287 1,842 994 165 141 111 33 113 69 27 6 6 4 1
2024-Jan. 3,000 1,768 711 75 129 262 55 104 61 20 3 6 10 4
Feb. 2,554 1,683 463 111 169 127 0 95 62 15 4 8 6 0
Mar. 2,598 1,393 398 249 341 182 35 99 51 14 10 14 9 1
Apr. 2,679 1,543 403 175 333 179 46 101 58 13 7 12 9 2
May* 3,251 1,879 873 142 266 83 7 110 64 28 6 9 4 0
Weekly (Friday) average
May 3 2,529 912 1,173 150 102 162 30 89 38 35 4 4 8 1
May 10 3,546 3,058 198 150 104 36 0 115 97 6 7 3 2 0
May 17 2,733 915 1,299 140 292 86 0 98 35 43 6 11 2 0
May 24 4,031 2,220 1,096 126 506 83 0 134 72 38 4 15 4 0
May 31* 2,505 2,141 2 49 202 111 0 88 74 0 2 7 5 0
Daily
May 24 5,195 71 4,615 160 350 0 0 156 4 138 5 9 0 0
May 27 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.
May 28 6,360 6,051 7 3 125 175 0 215 201 1 1 3 9 0
May 29 811 223 0 145 385 58 0 31 12 0 4 12 3 0
May 30 343 148 0 0 95 100 0 18 9 0 0 5 4 0
* Data through May 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
2022 10,100 6,494 1,125 958 1,006 317 200 775 452 94 91 97 30 11
2023 10,274 6,688 1,183 921 1,060 241 181 838 471 93 91 140 31 12
2024* 10,695 6,875 1,387 870 893 489 180 735 423 89 75 96 43 10
Monthly average
2023-Dec. 9,883 6,490 1,401 671 1,001 208 112 685 429 93 51 80 23 10
2024-Jan. 11,026 6,746 1,573 967 995 373 372 786 445 112 84 93 37 15
Feb. 10,774 6,917 1,476 1,029 859 259 235 794 448 103 95 103 31 13
Mar. 9,986 6,559 1,374 826 814 231 182 691 396 86 77 91 28 12
Apr. 10,559 6,955 1,137 729 1,010 684 45 697 404 65 56 116 51 6
May* 11,140 7,198 1,394 814 778 881 75 712 422 83 62 74 65 6
Weekly (Friday) average
May 3 11,170 7,436 1,469 839 935 391 101 747 438 74 64 100 63 7
May 10 9,686 6,463 904 893 747 622 57 646 373 51 67 69 81 5
May 17 11,739 7,217 1,538 895 795 1,161 134 749 423 95 60 82 78 12
May 24 10,399 7,336 1,422 673 544 406 18 702 433 93 65 65 43 3
May 31* 13,432 7,872 1,834 712 839 2,140 35 763 475 104 51 64 67 1
Daily
May 24 10,667 7,854 1,535 551 458 239 29 722 445 115 55 62 39 6
May 27 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.
May 28 11,898 8,672 1,448 373 939 466 0 729 501 105 24 68 31 0
May 29 14,468 7,444 2,864 1,028 930 2,201 0 755 430 113 83 63 66 0
May 30 13,930 7,498 1,191 734 648 3,753 106 804 494 93 47 62 104 4
* Data through May 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
2022 9,562 8,408 596 118 224 88 128 246 206 18 4 7 3 9
2023 7,628 6,657 581 102 130 82 76 209 178 18 3 3 2 5
2024* 5,087 4,721 246 16 60 11 33 139 127 8 0 2 0 2
Monthly average
2023-Dec. 5,223 4,462 612 82 12 2 52 136 113 18 2 1 0 2
2024-Jan. 4,563 4,363 126 6 15 20 32 126 117 5 0 1 0 2
Feb. 3,491 3,397 61 13 10 6 4 97 93 3 0 1 0 0
Mar. 4,593 4,177 269 31 82 6 29 131 117 9 1 2 0 2
Apr. 6,449 5,921 408 12 75 7 26 169 153 12 0 2 0 1
May* 6,198 5,627 350 20 114 14 73 170 151 11 1 4 0 3
Weekly (Friday) average
May 3 6,582 6,290 100 21 39 1 132 171 161 3 1 1 0 5
May 10 6,802 6,222 430 19 22 0 109 182 161 13 0 1 0 7
May 17 6,670 5,775 447 20 403 15 10 182 155 13 0 13 0 0
May 24 5,614 5,068 454 10 0 25 57 155 137 15 0 0 1 3
May 31* 4,450 4,294 65 22 27 28 13 134 127 3 1 1 1 1
Daily
May 24 4,427 4,352 0 0 0 25 50 117 115 0 0 0 1 1
May 27 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.
May 28 3,690 3,630 0 0 0 50 10 111 109 0 0 0 1 1
May 29 5,046 4,690 195 66 30 35 30 152 135 10 3 1 2 1
May 30 4,613 4,563 0 0 50 0 0 139 138 0 0 1 0 0
* Data through May 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
2022 16,982 11,030 2,697 541 918 483 1,314 535 336 77 16 31 16 58
2023 16,214 9,705 3,223 487 860 509 1,431 506 300 89 16 28 16 56
2024* 21,339 14,819 3,303 495 665 443 1,614 627 423 91 15 21 14 62
Monthly average
2023-Dec. 17,031 10,232 2,901 619 1,071 633 1,575 524 310 82 17 35 22 59
2024-Jan. 19,858 12,726 3,550 535 672 734 1,641 613 383 98 16 22 24 70
Feb. 20,311 13,928 2,973 566 780 311 1,753 602 402 83 18 24 11 66
Mar. 21,460 15,141 3,233 488 667 445 1,485 627 431 91 15 22 13 55
Apr. 21,417 15,203 3,269 494 582 396 1,473 618 429 91 13 18 12 53
May* 23,598 17,037 3,475 397 633 323 1,734 672 468 94 12 20 11 68
Weekly (Friday) average
May 3 22,151 15,691 3,016 453 452 390 2,149 630 434 81 13 14 10 78
May 10 23,165 16,397 3,265 280 768 495 1,960 655 442 90 10 24 15 73
May 17 24,442 17,910 3,241 298 846 205 1,941 688 484 87 10 24 7 76
May 24 23,402 17,163 3,582 538 361 326 1,431 671 476 97 16 14 13 55
May 31* 24,795 18,031 4,580 402 526 188 1,069 720 506 124 11 19 6 55
Daily
May 24 21,041 16,047 2,539 802 399 341 913 644 477 69 22 14 15 47
May 27 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.
May 28 25,684 18,026 5,737 595 343 132 851 751 487 149 14 11 5 85
May 29 23,966 17,769 4,091 332 502 276 996 690 504 122 11 13 8 32
May 30 24,736 18,297 3,912 278 733 155 1,361 719 526 101 8 32 4 48
* Data through May 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
2022 121,237 83,340 14,203 4,945 6,919 3,738 8,093 4,541 2,744 516 287 380 187 426
2023 115,630 78,012 15,262 4,619 6,585 2,951 8,202 4,625 2,730 546 286 462 178 423
2024* 125,781 86,179 16,808 4,533 6,450 2,994 8,816 4,768 2,849 594 284 408 190 444
Monthly average
2023-Dec. 111,727 74,396 15,355 4,602 6,812 3,477 7,085 4,305 2,616 545 245 369 186 344
2024-Jan. 120,901 79,690 17,069 5,437 6,895 3,650 8,159 4,850 2,792 620 349 432 220 436
Feb. 120,872 81,764 16,859 4,588 6,466 2,170 9,025 4,736 2,777 630 308 429 146 445
Mar. 120,857 83,236 15,227 4,632 6,717 2,407 8,638 4,581 2,728 557 289 415 155 436
Apr. 131,338 91,824 17,348 3,984 6,295 3,120 8,766 4,780 2,937 566 243 404 191 439
May* 134,437 93,900 17,515 4,054 5,884 3,579 9,504 4,894 3,001 599 234 363 234 463
Weekly (Friday) average
May 3 127,508 89,878 15,553 3,448 6,589 2,339 9,701 4,689 2,896 532 213 418 177 452
May 10 133,603 93,223 16,243 3,926 5,574 4,168 10,470 4,827 2,926 539 245 333 285 499
May 17 137,367 96,356 18,097 4,237 6,174 3,583 8,919 4,966 3,067 642 232 368 225 432
May 24 132,072 92,100 17,933 4,377 5,727 3,198 8,737 4,839 2,984 595 258 377 195 430
May 31* 137,782 95,542 19,698 3,525 4,866 4,377 9,774 5,107 3,104 681 191 323 294 515
Daily
May 24 123,171 85,888 16,472 4,638 6,282 2,452 7,440 4,511 2,848 584 247 299 152 381
May 27 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.
May 28 142,478 96,341 23,680 2,803 5,051 2,942 11,660 5,251 3,166 780 151 313 250 591
May 29 141,264 95,648 22,189 4,362 4,829 5,084 9,152 5,113 3,051 716 247 310 304 485
May 30 129,604 94,637 13,227 3,409 4,717 5,104 8,509 4,958 3,095 547 174 346 327 469
* Data through May 30.

Footnotes

1. Millions of dollars.

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Last Update: May 31, 2024