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 November 5, 2026Posted November 6, 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* 5,501 2,498 1,629 615 386 262 110 176 77 45 23 16 11 4
Monthly average
2026-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. 6,689 3,444 1,723 665 349 387 120 208 99 50 21 15 16 6
Oct. 6,988 2,800 2,483 908 489 215 93 225 87 67 38 21 9 4
Nov.* 6,004 3,238 969 733 700 348 16 190 91 25 23 35 16 1
Weekly (Friday) average
Oct. 9 7,073 3,392 1,855 1,166 455 102 103 236 100 57 50 20 5 3
Oct. 16 6,982 1,794 3,222 957 716 183 110 210 50 81 38 30 7 4
Oct. 23 7,673 4,017 2,322 354 451 340 190 250 133 64 14 17 13 9
Oct. 30 5,695 2,415 1,936 584 450 298 11 179 77 48 18 19 15 1
Nov. 6* 6,004 3,238 969 733 700 348 16 190 91 25 23 35 16 1
Daily
Oct. 30 9,606 901 5,975 1,793 679 256 2 274 43 141 49 31 8 2
Nov. 2 8,132 5,215 1,255 591 714 313 45 227 130 33 19 27 17 1
Nov. 3 6,620 4,315 790 700 493 322 0 223 123 23 18 44 15 0
Nov. 4 4,999 3,189 859 602 276 56 15 163 98 24 20 17 3 1
Nov. 5 4,266 232 973 1,040 1,318 701 2 148 13 21 35 51 27 1
* Data through November 5.
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* 12,161 7,498 1,412 1,310 1,279 320 343 737 408 84 93 109 31 14
Monthly average
2026-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. 11,879 7,612 1,470 1,030 1,130 344 292 675 384 82 70 91 33 15
Oct. 10,794 6,182 1,374 1,144 1,376 318 400 660 365 72 76 108 27 11
Nov.* 11,047 6,812 1,305 1,646 918 358 8 664 377 70 99 73 44 2
Weekly (Friday) average
Oct. 9 9,525 5,622 1,158 1,228 1,225 254 38 573 297 62 90 97 25 2
Oct. 16 11,035 6,643 1,667 993 1,404 249 80 718 396 83 69 130 36 3
Oct. 23 11,500 6,120 1,313 1,137 1,182 269 1,479 693 392 70 75 105 20 31
Oct. 30 10,808 6,322 1,423 1,074 1,435 463 91 685 397 78 68 103 31 8
Nov. 6* 11,047 6,812 1,305 1,646 918 358 8 664 377 70 99 73 44 2
Daily
Oct. 30 13,202 7,709 1,647 986 2,495 139 225 727 399 63 52 180 23 10
Nov. 2 12,608 7,723 1,129 1,580 1,217 958 0 712 407 59 78 74 94 0
Nov. 3 10,150 6,885 1,090 1,332 630 207 5 594 392 50 77 59 15 1
Nov. 4 11,157 6,688 1,907 1,591 840 115 16 672 364 102 109 73 21 3
Nov. 5 10,271 5,950 1,096 2,079 983 152 11 678 345 67 133 85 45 3
* Data through November 5.
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* 5,087 4,796 113 43 22 15 99 142 132 3 1 1 0 5
Monthly average
2026-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. 5,682 5,364 158 22 5 35 98 157 145 4 1 0 1 7
Oct. 5,065 4,839 99 45 10 27 45 135 129 3 1 0 1 2
Nov.* 4,751 4,410 115 100 0 48 78 145 132 4 2 0 2 6
Weekly (Friday) average
Oct. 9 5,287 5,112 57 60 20 32 5 138 134 1 1 0 1 0
Oct. 16 5,346 5,172 115 0 6 10 43 144 138 2 0 0 1 2
Oct. 23 5,479 5,173 92 90 16 39 69 147 137 2 2 1 1 5
Oct. 30 4,059 3,827 147 0 0 36 49 116 109 4 0 0 1 2
Nov. 6* 4,751 4,410 115 100 0 48 78 145 132 4 2 0 2 6
Daily
Oct. 30 2,487 2,356 0 0 0 0 131 62 57 0 0 0 0 5
Nov. 2 4,336 4,117 0 0 0 0 219 135 123 0 0 0 0 12
Nov. 3 4,155 3,755 325 0 0 75 0 128 115 10 0 0 2 1
Nov. 4 5,438 4,755 135 400 0 65 83 161 137 4 8 0 2 10
Nov. 5 5,075 5,015 0 0 0 50 10 157 153 0 0 0 2 2
* Data through November 5.
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* 21,699 14,096 4,369 414 608 477 1,735 607 380 122 13 21 15 57
Monthly average
2026-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. 26,121 17,262 5,457 491 726 584 1,601 699 448 146 15 24 17 49
Oct. 26,599 17,949 5,216 447 634 479 1,875 717 465 142 13 23 15 59
Nov.* 26,128 17,235 4,952 446 971 821 1,704 724 454 130 17 33 24 66
Weekly (Friday) average
Oct. 9 26,481 18,044 5,166 382 517 555 1,816 726 478 144 12 21 18 53
Oct. 16 28,881 18,702 6,552 312 678 486 2,151 774 484 174 12 24 12 68
Oct. 23 24,908 16,486 5,555 435 488 454 1,491 679 434 151 11 20 17 47
Oct. 30 26,695 18,800 4,187 421 852 470 1,964 694 467 111 14 27 13 62
Nov. 6* 26,128 17,235 4,952 446 971 821 1,704 724 454 130 17 33 24 66
Daily
Oct. 30 25,016 18,159 2,601 817 486 431 2,522 670 477 65 21 16 15 76
Nov. 2 24,439 17,171 2,025 786 1,029 1,630 1,798 674 447 60 29 32 44 62
Nov. 3 24,689 17,187 5,287 199 386 240 1,390 665 445 133 11 19 9 48
Nov. 4 27,800 17,615 5,368 608 1,698 680 1,832 798 482 150 15 55 19 77
Nov. 5 27,585 16,967 7,130 190 770 734 1,794 760 443 179 12 25 23 78
* Data through November 5.
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* 130,420 82,987 20,451 5,811 6,852 3,357 10,963 4,855 2,789 667 325 418 182 475
Monthly average
2026-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. 147,796 98,053 23,750 5,637 6,784 3,378 10,194 5,151 3,081 765 287 395 177 445
Oct. 141,119 89,659 23,566 6,501 7,309 2,948 11,136 5,068 2,909 730 345 449 173 463
Nov.* 136,304 82,923 20,722 6,627 9,864 3,750 12,417 4,945 2,744 658 344 489 186 525
Weekly (Friday) average
Oct. 9 140,080 90,629 21,090 6,867 7,982 2,698 10,813 5,063 2,846 664 390 504 177 482
Oct. 16 148,594 94,385 26,435 6,245 7,518 2,643 11,368 5,264 3,029 805 340 446 175 470
Oct. 23 133,281 81,772 25,665 6,143 5,743 3,166 10,792 4,965 2,839 795 306 393 183 448
Oct. 30 140,038 92,214 19,742 5,755 7,406 3,161 11,760 4,983 3,000 634 299 424 157 470
Nov. 6* 136,304 82,923 20,722 6,627 9,864 3,750 12,417 4,945 2,744 658 344 489 186 525
Daily
Oct. 30 133,442 84,792 21,125 8,384 9,452 1,268 8,421 4,661 2,791 621 355 469 77 348
Nov. 2 138,682 89,336 13,965 5,936 10,129 5,237 14,079 4,840 2,849 464 287 443 257 540
Nov. 3 127,291 79,542 20,015 5,908 8,450 3,215 10,161 4,735 2,728 626 340 451 135 455
Nov. 4 140,617 83,044 19,213 7,734 10,520 2,679 17,426 5,118 2,746 667 367 538 126 674
Nov. 5 138,626 79,771 29,696 6,930 10,358 3,868 8,003 5,087 2,654 873 380 523 225 432
* Data through November 5.

Footnotes

1. Millions of dollars.

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Last Update: November 6, 2026