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 28, 2026Posted May 29, 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* 5,137 2,117 1,688 654 322 245 112 165 67 46 25 13 10 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* 5,393 1,736 2,294 584 295 390 94 168 55 58 24 13 16 3
Weekly (Friday) average
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 4,564 1,575 1,843 184 165 719 80 145 55 46 9 8 24 3
May 22 4,754 1,231 2,072 622 433 331 65 155 44 52 25 17 15 2
May 29* 4,617 2,415 1,542 295 255 110 0 143 67 43 18 11 3 0
Daily
May 22 8,216 255 6,230 1,344 334 53 0 227 8 148 49 20 2 0
May 25 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.
May 26 7,411 5,294 1,488 453 176 0 0 217 147 42 19 9 0 0
May 27 2,978 207 2,314 183 134 140 0 94 9 63 12 7 3 0
May 28 3,463 1,743 825 249 455 191 0 117 45 25 22 18 7 0
* Data through May 28.
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* 12,534 7,704 1,497 1,365 1,286 293 388 800 445 94 101 111 31 17
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* 12,753 7,778 1,588 1,382 1,169 290 546 769 389 94 104 120 35 26
Weekly (Friday) average
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 11,607 7,442 1,431 1,272 987 421 55 727 376 97 88 99 65 2
May 22 12,723 8,123 1,460 1,539 1,298 194 110 778 410 82 118 140 18 11
May 29* 12,761 8,323 1,712 1,081 1,470 111 63 770 420 92 100 137 14 7
Daily
May 22 12,203 9,100 971 1,067 927 28 110 671 448 46 69 90 5 13
May 25 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.
May 26 13,615 9,265 1,554 1,150 1,393 252 0 801 446 80 114 135 26 0
May 27 12,319 7,180 2,347 1,044 1,640 43 65 750 357 124 93 166 7 3
May 28 12,349 8,523 1,236 1,050 1,378 37 125 759 458 73 94 109 8 17
* Data through May 28.
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* 4,807 4,571 85 49 27 10 66 135 127 2 1 1 0 3
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* 5,526 5,085 190 32 48 24 147 149 135 5 1 1 1 5
Weekly (Friday) average
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 5,185 4,898 201 22 24 0 40 136 127 6 1 1 0 1
May 22 6,153 5,326 260 0 89 40 438 163 138 6 0 2 1 16
May 29* 5,435 5,127 203 42 21 25 17 148 139 6 1 1 1 1
Daily
May 22 7,465 5,035 400 0 0 0 2,030 211 129 10 0 0 0 72
May 25 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.
May 26 5,340 5,215 0 50 50 25 0 141 138 0 1 1 1 0
May 27 6,387 5,690 610 0 12 25 50 183 161 17 0 1 1 3
May 28 4,577 4,477 0 75 0 25 0 121 118 0 2 0 1 0
* Data through May 28.
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* 19,415 12,176 4,094 414 537 461 1,732 559 339 116 13 19 16 57
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* 21,987 14,289 4,379 557 472 488 1,800 613 378 126 17 15 19 58
Weekly (Friday) average
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 21,634 14,258 4,422 337 312 536 1,769 631 391 127 14 15 27 58
May 22 23,474 15,203 4,288 354 626 710 2,292 643 392 125 13 18 24 72
May 29* 25,313 15,406 5,917 1,230 633 509 1,619 681 396 159 35 19 23 49
Daily
May 22 20,295 15,097 2,286 757 605 579 971 566 385 82 25 18 18 38
May 25 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.
May 26 28,007 15,658 8,574 1,078 582 540 1,574 777 416 226 25 23 34 53
May 27 21,997 13,507 4,535 1,446 596 607 1,307 609 357 125 44 16 22 45
May 28 25,935 17,053 4,642 1,166 720 379 1,975 656 414 125 36 17 14 50
* Data through May 28.
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* 120,019 73,854 19,225 5,631 6,647 3,390 11,272 4,718 2,650 653 330 415 181 488
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* 133,986 85,535 21,619 6,092 5,760 3,405 11,575 4,974 2,829 697 340 399 199 509
Weekly (Friday) average
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 15 131,192 84,122 22,204 5,082 4,212 3,805 11,767 4,945 2,817 729 304 333 259 502
May 22 146,557 95,997 23,261 6,365 6,393 3,295 11,247 5,272 3,112 734 353 419 156 497
May 29* 139,584 88,911 24,063 5,531 6,796 3,101 11,181 5,194 2,912 754 359 429 199 541
Daily
May 22 144,204 93,583 21,909 9,111 4,122 3,219 12,260 4,989 3,011 643 329 284 125 597
May 25 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.
May 26 140,875 91,169 25,640 5,109 6,344 2,857 9,756 5,171 2,921 835 338 379 221 477
May 27 131,146 77,402 25,814 5,452 6,872 3,992 11,612 5,053 2,697 777 359 509 186 525
May 28 146,732 98,162 20,736 6,032 7,173 2,453 12,174 5,357 3,117 651 381 398 190 620
* Data through May 28.

Footnotes

1. Millions of dollars.

Back to Top
Last Update: May 29, 2026