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 September 1, 2026Posted September 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* 5,172 2,345 1,520 575 370 249 113 166 73 41 22 15 10 4
Monthly average
2026-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. 5,413 2,883 1,216 421 371 353 169 176 91 32 16 17 14 6
Sept.* 8,503 6,044 560 1,554 344 0 0 228 150 18 51 9 0 0
Weekly (Friday) average
Aug. 7 5,477 2,636 1,205 489 204 636 308 168 78 29 19 7 22 13
Aug. 14 5,599 3,102 1,329 211 231 368 358 188 100 33 9 17 16 13
Aug. 21 5,471 2,343 1,722 347 776 242 40 180 83 43 12 33 9 1
Aug. 28 4,783 2,784 825 637 297 239 2 167 87 29 25 13 12 0
Sept. 4* 7,764 6,132 350 988 294 0 0 208 155 12 32 9 0 0
Daily
Aug. 26 4,218 2,779 621 84 382 352 0 159 100 27 7 15 10 0
Aug. 27 4,092 1,208 842 1,267 237 528 10 161 44 33 36 14 33 1
Aug. 28 2,494 975 1,025 255 239 0 0 75 29 32 7 7 0 0
Aug. 31 7,025 6,220 139 421 245 0 0 187 160 6 12 9 0 0
Sept. 1 8,503 6,044 560 1,554 344 0 0 228 150 18 51 9 0 0
* Data through September 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* 12,404 7,664 1,418 1,357 1,300 317 348 757 417 86 98 113 31 14
Monthly average
2026-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. 11,416 7,186 1,349 1,212 1,057 296 316 638 345 78 86 86 32 11
Sept.* 13,888 7,375 2,425 1,255 2,382 451 0 808 375 106 89 189 49 0
Weekly (Friday) average
Aug. 7 11,628 7,601 1,295 1,194 1,185 324 28 639 341 71 83 97 42 5
Aug. 14 11,055 6,857 1,490 1,384 831 442 51 620 330 90 98 61 38 4
Aug. 21 10,962 7,000 1,380 1,239 1,018 275 51 630 341 74 85 89 35 7
Aug. 28 11,915 7,048 1,319 1,055 1,143 154 1,196 656 356 82 80 91 16 31
Sept. 4* 12,912 7,873 1,668 1,180 1,847 345 0 739 392 79 82 152 34 0
Daily
Aug. 26 13,236 7,093 1,540 860 1,262 241 2,239 669 355 81 78 91 18 46
Aug. 27 13,541 6,930 771 1,062 1,151 55 3,572 662 327 69 73 103 11 79
Aug. 28 10,116 6,709 1,148 1,333 831 68 27 591 360 73 85 58 12 3
Aug. 31 11,937 8,370 911 1,105 1,312 239 0 670 409 52 76 114 19 0
Sept. 1 13,888 7,375 2,425 1,255 2,382 451 0 808 375 106 89 189 49 0
* Data through September 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* 5,025 4,731 108 43 26 10 107 141 130 3 1 1 0 5
Monthly average
2026-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. 5,436 5,118 154 15 27 14 109 156 143 5 0 1 0 6
Sept.* 5,439 5,220 0 0 0 0 219 168 156 0 0 0 0 12
Weekly (Friday) average
Aug. 7 5,364 5,086 102 0 20 21 136 161 150 4 0 0 1 7
Aug. 14 5,499 5,243 122 0 42 10 81 152 137 7 0 2 0 6
Aug. 21 5,749 5,289 193 0 50 6 211 168 152 5 0 1 0 10
Aug. 28 5,620 5,300 229 61 0 0 30 159 150 7 1 0 0 1
Sept. 4* 4,219 4,060 0 0 0 50 109 117 110 0 0 0 1 6
Daily
Aug. 26 6,316 5,531 785 0 0 0 0 169 147 22 0 0 0 0
Aug. 27 5,681 5,375 0 306 0 0 0 163 156 0 7 0 0 0
Aug. 28 5,780 5,400 359 0 0 0 20 171 156 14 0 0 0 1
Aug. 31 3,000 2,900 0 0 0 100 0 66 64 0 0 0 2 0
Sept. 1 5,439 5,220 0 0 0 0 219 168 156 0 0 0 0 12
* Data through September 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* 20,451 13,156 4,125 404 581 454 1,733 579 359 116 12 20 15 57
Monthly average
2026-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. 22,269 14,946 4,270 315 601 448 1,688 617 397 118 10 20 15 58
Sept.* 25,518 16,194 6,262 1,010 415 369 1,268 697 425 160 29 14 18 51
Weekly (Friday) average
Aug. 7 22,345 15,053 4,255 376 337 634 1,689 629 402 121 12 13 20 61
Aug. 14 22,200 15,131 4,149 459 700 181 1,580 622 400 117 13 24 6 62
Aug. 21 22,556 14,617 4,545 184 659 556 1,996 617 384 123 6 24 20 60
Aug. 28 22,956 15,417 4,525 260 668 411 1,674 627 411 123 9 18 13 53
Sept. 4* 21,441 14,484 4,284 612 613 435 1,013 586 384 110 18 18 15 40
Daily
Aug. 26 22,546 13,900 6,232 100 855 362 1,096 609 356 167 4 22 10 50
Aug. 27 28,550 18,993 5,365 414 1,165 791 1,822 764 492 142 16 26 28 60
Aug. 28 21,199 14,862 2,849 168 335 395 2,591 612 428 88 6 14 10 66
Aug. 31 17,365 12,773 2,306 215 811 502 758 475 344 59 7 23 12 30
Sept. 1 25,518 16,194 6,262 1,010 415 369 1,268 697 425 160 29 14 18 51
* Data through September 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* 126,891 80,348 19,677 5,737 6,741 3,391 10,997 4,792 2,739 648 327 416 183 479
Monthly average
2026-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. 135,608 89,909 20,498 5,464 5,873 3,423 10,441 4,787 2,822 638 304 366 209 449
Sept.* 150,769 96,006 26,217 7,420 8,428 2,617 10,081 5,334 2,957 826 405 490 194 462
Weekly (Friday) average
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. 14 135,206 91,836 19,689 6,069 5,324 3,030 9,258 4,782 2,876 625 331 342 188 420
Aug. 21 138,249 89,716 22,849 5,177 6,734 3,216 10,557 4,862 2,803 688 294 401 225 451
Aug. 28 142,137 92,942 22,240 4,651 5,795 3,719 12,791 4,910 2,893 679 281 368 191 497
Sept. 4* 128,920 89,086 17,139 5,707 6,574 2,417 7,998 4,634 2,785 577 324 393 180 374
Daily
Aug. 26 146,046 89,817 24,593 2,904 7,271 4,382 17,079 5,030 2,791 731 231 407 190 680
Aug. 27 162,283 96,360 28,759 6,721 6,437 5,927 18,080 5,461 2,958 834 308 378 353 630
Aug. 28 122,730 89,318 15,289 4,384 3,531 1,594 8,613 4,252 2,853 486 255 223 104 331
Aug. 31 107,071 82,166 8,061 3,993 4,719 2,217 5,915 3,934 2,613 328 244 296 167 286
Sept. 1 150,769 96,006 26,217 7,420 8,428 2,617 10,081 5,334 2,957 826 405 490 194 462
* Data through September 1.

Footnotes

1. Millions of dollars.

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Last Update: September 2, 2026