Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download FRED

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of May 13, 2026Posted May 14, 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* 5,195 2,200 1,637 678 325 234 121 167 70 45 25 13 9 4
Monthly average
2025-Dec. 4,446 2,714 578 489 341 281 43 157 92 18 19 16 10 2
2026-Jan. 4,824 2,339 1,269 567 413 161 75 158 76 36 23 14 7 2
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* 6,268 2,169 2,448 755 291 443 163 196 68 61 28 14 19 6
Weekly (Friday) average
Apr. 17 3,938 1,131 1,785 714 49 54 205 125 40 51 25 1 2 5
Apr. 24 5,688 2,800 1,738 591 130 342 88 174 80 53 20 5 13 3
May 1 6,386 2,758 2,159 714 287 221 247 196 85 51 30 11 11 8
May 8 6,198 2,188 2,558 762 218 336 135 192 65 66 29 11 17 5
May 15* 4,801 2,604 884 202 259 719 133 164 89 23 9 11 26 6
Daily
May 7 5,373 1,501 1,381 1,474 707 110 200 173 39 36 59 29 6 4
May 8 7,860 398 5,725 1,072 2 437 226 233 11 134 46 1 30 11
May 11 5,973 3,966 993 160 299 355 200 189 130 25 7 11 11 5
May 12 5,359 3,204 752 175 410 618 200 180 106 18 4 18 22 12
May 13 3,070 641 906 271 68 1,185 0 122 31 25 17 5 44 0
* Data through May 13.
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* 12,527 7,652 1,501 1,373 1,281 300 421 803 449 95 101 108 31 18
Monthly average
2025-Dec. 8,494 4,795 1,090 874 1,052 286 398 561 318 62 56 84 25 15
2026-Jan. 11,891 7,072 1,415 1,415 1,354 314 321 847 493 93 102 106 36 17
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* 12,931 7,322 1,729 1,482 987 351 1,060 763 363 108 104 103 37 47
Weekly (Friday) average
Apr. 17 10,919 6,647 1,453 1,286 1,159 292 82 675 309 94 111 117 36 9
Apr. 24 12,328 7,049 1,603 1,377 1,172 323 806 721 357 112 111 94 28 20
May 1 12,136 7,613 1,767 1,302 1,258 179 18 723 379 103 86 137 17 2
May 8 13,627 7,261 1,779 1,411 930 374 1,872 786 360 109 106 91 38 83
May 15* 11,334 6,971 1,659 1,459 836 349 60 697 357 118 95 81 44 3
Daily
May 7 15,623 6,735 1,181 1,958 563 403 4,783 874 328 70 119 55 56 246
May 8 11,316 6,910 1,177 1,850 1,019 211 150 750 358 90 149 100 30 23
May 11 11,572 7,134 1,957 1,226 860 396 0 736 378 131 92 69 66 0
May 12 10,969 6,620 1,702 1,252 898 497 0 667 332 112 86 89 48 0
May 13 11,462 7,160 1,319 1,898 751 156 179 689 360 110 108 84 17 10
* Data through May 13.
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* 4,714 4,513 68 51 25 8 49 133 126 2 1 1 0 2
Monthly average
2025-Dec. 4,611 4,359 85 49 55 5 58 133 124 3 2 2 0 3
2026-Jan. 4,974 4,808 50 49 23 13 32 141 135 1 1 1 0 2
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* 5,370 5,066 136 42 46 20 61 146 136 4 1 2 1 2
Weekly (Friday) average
Apr. 17 4,903 4,527 235 21 51 0 69 132 119 6 1 2 0 4
Apr. 24 4,557 4,416 27 80 0 0 34 128 124 1 2 0 0 1
May 1 4,328 4,181 58 10 36 8 35 120 115 2 0 1 1 1
May 8 5,324 5,048 107 65 22 28 55 146 138 3 2 1 1 1
May 15* 5,442 5,157 178 0 41 0 67 143 133 5 0 2 0 2
Daily
May 7 5,275 5,065 50 0 0 35 125 152 147 1 0 0 1 3
May 8 5,611 5,158 350 0 10 92 0 160 145 12 0 1 2 0
May 11 4,590 4,540 0 0 50 0 0 123 122 0 0 1 0 0
May 12 5,405 5,380 0 0 0 0 25 146 145 0 0 0 0 1
May 13 6,332 5,550 535 0 72 0 175 159 133 15 0 5 0 6
* Data through May 13.
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* 18,919 11,825 4,036 397 534 441 1,687 548 332 114 12 19 15 56
Monthly average
2025-Dec. 19,832 12,776 3,446 478 634 456 2,043 594 377 92 16 23 16 69
2026-Jan. 17,331 10,650 3,505 497 587 590 1,502 532 321 105 16 21 19 50
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* 19,776 13,048 4,103 534 365 314 1,412 563 354 121 15 12 13 47
Weekly (Friday) average
Apr. 17 21,730 14,418 4,233 383 596 374 1,726 594 373 121 12 26 11 52
Apr. 24 21,306 13,719 4,218 355 508 713 1,794 587 358 122 10 18 19 60
May 1 20,458 13,947 3,911 421 451 365 1,361 551 363 110 13 16 10 40
May 8 19,591 13,052 4,050 510 418 204 1,357 547 348 120 13 13 6 47
May 15* 20,572 13,154 5,008 454 300 436 1,220 611 369 147 18 11 23 43
Daily
May 7 20,898 15,166 4,361 50 239 115 968 580 380 147 2 9 4 38
May 8 17,000 12,792 1,685 250 992 170 1,111 498 366 57 8 22 6 39
May 11 18,120 12,989 3,160 393 671 55 852 517 363 80 21 23 4 26
May 12 21,783 13,063 6,703 427 6 519 1,065 680 364 212 16 3 45 40
May 13 21,813 13,410 5,160 543 224 734 1,743 636 381 150 16 7 19 63
* Data through May 13.
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* 117,695 71,872 18,821 5,613 6,709 3,397 11,282 4,668 2,611 645 328 417 180 487
Monthly average
2025-Dec. 101,253 60,963 15,294 5,504 6,398 3,134 9,960 4,142 2,384 533 285 372 164 404
2026-Jan. 115,837 70,272 17,156 5,360 7,457 4,117 11,476 4,789 2,706 607 326 450 217 484
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* 125,750 78,251 20,142 6,425 5,413 3,499 12,019 4,744 2,625 665 337 398 203 516
Weekly (Friday) average
Apr. 17 120,020 74,818 18,691 5,238 6,844 3,087 11,342 4,575 2,475 633 370 425 170 502
Apr. 24 127,187 78,284 20,173 5,097 5,972 3,944 13,718 4,738 2,621 686 307 388 190 546
May 1 121,281 77,982 20,069 5,070 5,817 2,988 9,355 4,565 2,643 646 297 384 177 418
May 8 123,761 76,855 19,055 6,688 5,727 3,350 12,086 4,662 2,581 637 340 404 176 525
May 15* 131,172 82,140 23,343 5,301 4,232 3,869 12,288 4,955 2,752 772 311 347 243 530
Daily
May 7 132,779 81,680 18,532 6,591 6,425 3,792 15,758 5,052 2,671 642 379 444 207 709
May 8 118,448 76,919 16,831 6,614 5,883 3,459 8,742 4,511 2,631 551 352 420 170 387
May 11 124,150 80,743 16,957 4,598 4,740 2,884 14,228 4,604 2,745 568 286 316 173 516
May 12 135,928 82,891 27,047 5,095 5,208 4,275 11,411 5,229 2,782 901 303 465 287 491
May 13 133,438 82,785 26,025 6,210 2,748 4,446 11,224 5,031 2,729 847 343 259 269 584
* Data through May 13.

Footnotes

1. Millions of dollars.

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Last Update: May 14, 2026