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 11, 2026Posted August 12, 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* 5,133 2,289 1,539 581 360 249 116 164 71 42 22 15 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.* 5,527 3,253 888 373 163 523 327 175 101 22 15 7 18 12
Weekly (Friday) average
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 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* 5,654 4,796 96 85 61 241 375 194 158 4 6 7 8 10
Daily
Aug. 5 5,751 3,157 100 1,252 107 963 172 188 93 3 44 5 32 11
Aug. 6 1,683 50 0 627 385 148 473 71 1 0 31 10 7 22
Aug. 7 6,284 46 5,700 138 50 100 251 155 2 132 6 2 2 11
Aug. 10 6,114 5,247 100 162 34 221 350 212 176 4 9 5 8 10
Aug. 11 5,194 4,344 93 7 88 262 400 175 141 4 3 9 8 10
* Data through August 11.
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* 12,495 7,723 1,418 1,374 1,318 321 340 768 423 86 99 115 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.* 11,659 7,488 1,365 1,282 1,110 375 39 643 343 72 89 88 46 5
Weekly (Friday) average
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 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* 11,737 7,203 1,540 1,503 923 501 66 652 348 73 105 66 56 4
Daily
Aug. 5 13,360 8,641 1,587 1,372 1,356 353 50 747 385 99 81 117 61 4
Aug. 6 10,654 6,892 851 1,209 1,342 341 20 599 302 42 78 135 29 13
Aug. 7 9,411 6,513 620 1,123 733 389 33 552 331 46 64 71 37 3
Aug. 10 12,080 7,435 2,043 1,365 702 415 120 643 358 77 102 53 45 8
Aug. 11 11,394 6,972 1,037 1,641 1,144 588 12 662 338 69 108 78 68 1
* Data through August 11.
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* 4,979 4,690 101 46 27 9 107 140 129 3 1 1 0 5
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.* 5,318 5,065 73 0 30 15 135 158 147 3 0 1 0 8
Weekly (Friday) average
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 5,464 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* 5,201 5,013 0 0 54 0 135 150 139 0 0 2 0 9
Daily
Aug. 5 5,508 5,073 210 0 50 25 150 155 144 5 0 1 1 4
Aug. 6 5,100 4,717 0 0 50 0 333 179 153 0 0 1 0 25
Aug. 7 5,915 5,420 300 0 0 0 195 171 151 14 0 0 0 6
Aug. 10 5,571 5,239 0 0 107 0 225 154 145 0 0 4 0 5
Aug. 11 4,831 4,787 0 0 0 0 44 146 133 0 0 0 0 13
* Data through August 11.
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* 20,253 12,963 4,098 416 573 460 1,743 576 355 116 13 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.* 22,285 14,748 4,276 499 457 544 1,761 622 391 119 15 15 17 65
Weekly (Friday) average
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 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* 22,135 13,983 4,328 807 756 321 1,940 603 362 113 22 20 10 76
Daily
Aug. 5 24,307 15,348 4,924 403 748 692 2,192 697 415 138 11 26 21 86
Aug. 6 23,583 15,247 5,792 150 319 435 1,640 680 409 179 3 15 13 61
Aug. 7 18,905 14,132 1,991 375 338 896 1,174 561 382 69 19 13 34 44
Aug. 10 20,313 13,781 2,664 704 953 382 1,830 566 363 76 21 21 12 73
Aug. 11 23,957 14,186 5,993 910 559 260 2,049 640 361 150 23 19 8 79
* Data through August 11.
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* 125,830 79,302 19,485 5,793 6,799 3,413 11,039 4,789 2,730 645 330 420 182 482
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.* 133,259 88,398 18,876 6,383 5,630 3,861 10,111 4,783 2,802 592 333 357 239 459
Weekly (Friday) average
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 31 142,906 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* 135,039 92,669 16,808 6,712 5,030 3,587 10,232 4,829 2,919 518 362 334 242 456
Daily
Aug. 5 136,655 86,525 17,689 10,990 7,049 4,629 9,771 4,982 2,734 593 408 472 318 457
Aug. 6 132,820 82,179 27,611 4,744 4,950 3,286 10,050 4,869 2,613 849 297 420 207 483
Aug. 7 123,582 85,134 19,107 4,484 3,370 3,198 8,289 4,411 2,749 572 237 246 186 421
Aug. 10 135,170 95,595 14,659 5,366 4,920 4,080 10,551 4,723 3,000 447 298 272 243 463
Aug. 11 134,908 89,744 18,958 8,059 5,140 3,094 9,913 4,935 2,838 588 425 396 240 448
* Data through August 11.

Footnotes

1. Millions of dollars.

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Last Update: August 12, 2026