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 June 17, 2026Posted June 18, 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* 5,124 2,183 1,604 645 344 231 117 165 69 44 25 14 9 4
Monthly average
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 5,407 1,654 2,434 567 292 371 90 167 52 61 23 13 15 3
June* 4,975 2,864 680 604 522 143 160 166 85 19 24 25 8 6
Weekly (Friday) average
May 22 4,754 1,231 2,072 622 433 331 65 155 44 52 25 17 15 2
May 29 4,885 1,834 2,432 282 253 85 0 142 51 62 16 10 3 0
June 5 5,079 2,317 1,408 770 244 147 193 165 73 40 28 10 9 5
June 12 4,189 2,375 289 654 576 166 129 147 73 8 26 25 8 7
June 19* 6,111 4,593 120 246 898 96 159 201 124 3 14 50 5 4
Daily
June 11 2,650 212 511 929 704 291 2 86 7 11 31 26 10 1
June 12 6,982 5,664 0 404 509 206 199 210 141 0 18 30 14 7
June 15 6,857 5,532 360 230 514 59 162 205 158 10 7 22 4 4
June 16 9,334 8,199 0 308 295 223 309 277 213 0 28 21 7 8
June 17 2,143 48 0 200 1,884 5 6 122 1 0 8 108 4 1
* Data through June 17.
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* 12,530 7,698 1,484 1,392 1,274 308 374 791 437 92 101 112 31 16
Monthly average
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 12,694 7,789 1,574 1,375 1,149 288 520 769 392 93 105 119 36 25
June* 12,573 7,620 1,392 1,619 1,220 431 292 721 376 78 104 125 30 8
Weekly (Friday) average
May 22 12,723 8,123 1,460 1,539 1,298 194 110 778 410 82 118 140 18 11
May 29 12,462 8,243 1,608 1,120 1,294 146 53 770 426 87 104 124 24 6
June 5 12,651 7,594 1,471 1,675 950 233 727 693 374 79 90 94 36 20
June 12 11,745 7,500 793 1,752 1,530 153 17 715 362 45 130 163 15 1
June 19* 13,824 7,864 2,258 1,304 1,151 1,223 23 775 401 128 83 114 48 1
Daily
June 11 11,723 7,854 698 1,919 1,163 89 0 706 371 31 173 125 6 0
June 12 12,381 7,570 312 2,641 1,634 164 60 778 359 11 204 169 32 3
June 15 13,169 8,681 1,536 1,125 1,450 308 70 763 436 87 88 128 21 3
June 16 12,978 7,277 2,232 1,530 1,386 552 0 788 379 116 89 149 55 0
June 17 15,325 7,636 3,006 1,257 618 2,808 0 775 389 182 71 66 67 0
* Data through June 17.
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* 4,892 4,618 99 48 27 9 92 138 128 3 1 1 0 5
Monthly average
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 5,425 4,986 200 30 46 23 140 145 132 6 1 1 1 5
June* 5,664 5,105 186 47 24 4 298 163 138 5 1 1 0 18
Weekly (Friday) average
May 22 6,153 5,326 260 0 89 40 438 163 138 6 0 2 1 16
May 29 4,951 4,620 252 31 16 19 12 131 121 7 1 0 1 1
June 5 6,181 5,263 202 20 56 6 633 194 146 5 1 1 0 41
June 12 5,642 5,300 202 102 6 5 27 151 141 6 2 1 0 1
June 19* 4,840 4,518 133 0 0 0 189 129 118 3 0 0 0 8
Daily
June 11 6,190 5,800 0 335 0 0 55 168 159 0 7 0 0 2
June 12 4,944 4,514 400 0 30 0 0 151 132 16 0 3 0 0
June 15 3,200 3,175 0 0 0 0 25 101 100 0 0 0 0 1
June 16 5,429 5,379 0 0 0 0 50 137 135 0 0 0 0 2
June 17 5,891 5,000 398 0 0 0 493 150 120 9 0 0 0 21
* Data through June 17.
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* 19,641 12,384 4,056 417 562 458 1,763 563 343 115 13 19 16 58
Monthly average
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 21,724 14,172 4,265 546 459 497 1,786 607 376 123 17 15 19 57
June* 21,636 14,051 3,910 441 789 425 2,020 605 374 114 13 27 14 63
Weekly (Friday) average
May 22 23,474 15,203 4,288 354 626 710 2,292 643 392 125 13 18 24 72
May 29 23,169 14,542 4,961 1,004 523 545 1,593 633 381 136 29 16 23 48
June 5 21,754 14,270 3,833 476 562 415 2,198 608 378 109 16 19 16 71
June 12 21,297 13,869 3,554 557 976 444 1,895 606 376 108 15 33 13 61
June 19* 22,004 13,990 4,631 189 855 409 1,929 599 363 134 6 31 10 54
Daily
June 11 21,307 13,710 3,967 545 235 304 2,546 580 371 114 15 7 8 65
June 12 20,338 14,579 1,422 1,332 888 325 1,793 537 380 35 35 23 9 55
June 15 21,423 14,480 2,989 313 1,398 587 1,655 585 370 95 8 61 13 38
June 16 23,182 13,601 6,575 53 415 125 2,414 633 349 185 2 12 4 81
June 17 21,407 13,889 4,330 202 753 515 1,718 578 369 123 9 19 14 44
* Data through June 17.
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* 121,619 75,336 19,047 5,868 6,773 3,355 11,240 4,741 2,669 645 337 421 179 489
Monthly average
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 133,427 85,235 21,444 6,064 5,779 3,452 11,454 4,951 2,822 690 340 397 199 503
June* 134,086 86,637 17,718 7,755 7,816 3,010 11,150 4,941 2,819 589 395 471 164 503
Weekly (Friday) average
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 29 135,392 86,567 22,574 5,532 6,632 3,410 10,677 5,024 2,854 704 353 408 200 505
June 5 138,785 87,306 18,972 8,688 8,584 2,381 12,854 5,066 2,829 601 412 487 158 579
June 12 128,179 85,778 15,335 8,463 6,941 2,999 8,664 4,799 2,794 518 440 452 168 427
June 19* 136,099 86,953 19,599 5,022 7,995 4,077 12,452 4,969 2,844 686 292 474 168 504
Daily
June 11 135,540 88,899 17,972 9,439 6,083 2,011 11,135 4,942 2,822 573 492 434 135 486
June 12 120,927 83,986 6,817 13,469 5,949 2,445 8,261 4,636 2,791 222 686 406 168 363
June 15 116,610 81,513 12,430 4,757 7,026 2,981 7,903 4,362 2,753 497 271 385 129 327
June 16 149,088 91,982 24,034 5,161 9,496 3,715 14,700 5,518 2,993 835 309 553 167 661
June 17 142,599 87,365 22,333 5,148 7,462 5,536 14,754 5,026 2,787 726 296 485 208 524
* Data through June 17.

Footnotes

1. Millions of dollars.

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Last Update: June 18, 2026