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 October 15, 2026Posted October 16, 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* 5,416 2,459 1,589 623 374 259 113 173 76 44 24 16 10 4
Monthly average
2026-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. 6,689 3,444 1,723 665 349 387 120 208 99 50 21 15 16 6
Oct.* 7,158 2,650 2,364 1,426 496 126 95 237 76 68 62 23 5 3
Weekly (Friday) average
Sept. 18 8,250 3,676 2,633 417 421 940 163 257 103 75 14 21 39 7
Sept. 25 7,868 4,222 1,754 935 534 369 54 246 128 57 29 17 13 3
Oct. 2 5,277 1,869 1,845 1,039 370 154 0 178 53 51 49 20 5 0
Oct. 9 7,073 3,392 1,855 1,166 455 102 103 236 100 57 50 20 5 3
Oct. 16* 6,533 2,349 1,892 1,233 687 225 147 205 63 51 48 30 8 5
Daily
Oct. 9 11,329 5,845 4,001 931 357 90 105 312 158 112 26 8 5 3
Oct. 12 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.
Oct. 13 9,572 6,346 1,255 495 983 298 195 273 156 40 27 36 9 5
Oct. 14 3,582 325 2,090 654 268 0 245 101 9 51 19 12 0 10
Oct. 15 6,444 376 2,332 2,550 810 376 0 242 24 63 97 43 15 0
* Data through October 15.
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* 12,239 7,576 1,418 1,316 1,283 318 327 742 409 84 94 110 31 13
Monthly average
2026-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. 11,879 7,612 1,470 1,030 1,130 344 292 675 384 82 70 91 33 15
Oct.* 10,402 6,008 1,420 1,223 1,429 294 29 630 329 72 83 112 31 2
Weekly (Friday) average
Sept. 18 12,747 8,456 1,550 1,155 1,033 345 208 744 435 85 69 95 37 24
Sept. 25 12,026 7,439 1,213 982 1,140 470 782 667 377 76 78 76 42 19
Oct. 2 10,570 6,689 1,244 892 1,399 337 9 585 347 67 55 89 27 1
Oct. 9 9,525 5,622 1,158 1,228 1,225 254 38 573 297 62 90 97 25 2
Oct. 16* 11,008 6,346 1,898 1,077 1,364 307 17 734 387 93 75 134 45 1
Daily
Oct. 9 10,255 6,098 967 1,272 1,551 334 33 626 319 53 81 123 46 4
Oct. 12 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.
Oct. 13 10,679 6,076 1,826 1,403 1,053 320 0 704 368 80 96 118 42 0
Oct. 14 10,859 5,980 2,058 1,012 1,385 424 0 745 369 108 74 117 77 0
Oct. 15 11,485 6,981 1,810 816 1,653 175 50 754 423 91 55 166 16 3
* Data through October 15.
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* 5,108 4,817 112 42 23 13 101 143 132 3 1 1 0 5
Monthly average
2026-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. 5,682 5,364 158 22 5 35 98 157 145 4 1 0 1 7
Oct.* 5,320 5,142 80 50 12 17 19 139 135 2 1 0 0 1
Weekly (Friday) average
Sept. 18 5,503 5,345 142 0 6 0 10 142 139 3 0 1 0 0
Sept. 25 5,911 5,576 142 60 8 100 25 153 145 3 2 0 2 1
Oct. 2 5,196 4,913 57 40 0 30 156 139 125 2 1 0 1 10
Oct. 9 5,287 5,112 57 60 20 32 5 138 134 1 1 0 1 0
Oct. 16* 5,299 5,164 120 0 8 3 4 146 142 3 0 0 0 1
Daily
Oct. 9 5,150 5,150 0 0 0 0 0 129 129 0 0 0 0 0
Oct. 12 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.
Oct. 13 5,181 5,170 0 0 0 0 11 145 143 0 0 0 0 2
Oct. 14 5,470 5,235 210 0 25 0 0 148 142 5 0 1 0 0
Oct. 15 5,246 5,086 150 0 0 10 0 145 141 3 0 0 1 0
* Data through October 15.
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* 21,391 13,837 4,335 414 599 470 1,735 600 374 121 13 20 15 57
Monthly average
2026-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. 26,121 17,262 5,457 491 726 584 1,601 699 448 146 15 24 17 49
Oct.* 27,649 18,315 5,703 492 630 493 2,016 756 481 157 15 23 15 65
Weekly (Friday) average
Sept. 18 25,769 17,894 4,972 247 669 449 1,538 689 462 134 8 26 14 45
Sept. 25 27,048 17,618 4,892 610 1,059 1,110 1,759 720 456 132 18 34 31 48
Oct. 2 26,713 17,924 4,949 569 875 389 2,008 731 475 137 18 28 12 60
Oct. 9 26,481 18,044 5,166 382 517 555 1,816 726 478 144 12 21 18 53
Oct. 16* 30,482 19,151 7,472 356 804 479 2,220 818 498 194 13 26 12 74
Daily
Oct. 9 24,905 16,659 5,163 175 447 709 1,752 689 437 159 5 14 24 50
Oct. 12 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.
Oct. 13 30,510 18,306 8,442 341 1,017 688 1,717 812 479 214 11 34 16 58
Oct. 14 30,160 21,743 5,910 391 195 356 1,564 844 572 163 16 6 10 77
Oct. 15 30,776 17,403 8,063 337 1,201 392 3,380 797 443 206 11 39 10 88
* Data through October 15.
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* 129,947 82,728 20,339 5,790 6,802 3,365 10,924 4,847 2,781 665 326 417 183 475
Monthly average
2026-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. 147,796 98,053 23,750 5,637 6,784 3,378 10,194 5,151 3,081 765 287 395 177 445
Oct.* 145,887 91,847 24,885 7,157 8,019 2,831 11,149 5,171 2,876 760 390 488 184 473
Weekly (Friday) average
Sept. 18 154,983 106,263 22,740 5,480 7,285 3,475 9,739 5,479 3,379 757 291 420 172 460
Sept. 25 153,139 99,606 23,610 5,784 8,155 4,766 11,218 5,283 3,146 782 272 422 213 447
Oct. 2 141,875 93,466 22,484 5,138 7,669 2,863 10,256 4,890 2,897 694 272 453 157 416
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* 152,112 94,365 28,915 6,505 7,503 2,868 11,955 5,365 2,996 880 349 445 205 491
Daily
Oct. 9 136,214 93,168 17,839 6,148 6,576 2,237 10,246 4,859 2,920 597 326 404 159 453
Oct. 12 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.
Oct. 13 156,853 94,708 29,456 5,231 8,970 3,562 14,926 5,442 2,940 907 303 492 248 552
Oct. 14 144,544 97,100 24,204 5,915 5,745 2,583 8,998 5,202 3,075 768 302 332 225 500
Oct. 15 154,938 91,287 33,085 8,369 7,794 2,461 11,943 5,451 2,972 964 442 511 141 421
* Data through October 15.

Footnotes

1. Millions of dollars.

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Last Update: October 16, 2026