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 August 17, 2026Posted August 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* 5,158 2,312 1,540 572 362 252 119 165 72 42 22 15 10 4
Monthly average
2026-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 4,850 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.* 5,733 3,231 1,152 324 256 467 303 184 101 28 13 13 18 12
Weekly (Friday) average
July 24 5,872 3,024 2,216 225 167 206 35 176 86 65 8 7 9 1
July 31 6,352 3,092 1,759 647 183 431 240 181 93 44 18 5 12 9
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* 7,683 6,858 0 68 644 113 0 250 215 0 2 26 7 0
Daily
Aug. 11 5,194 4,344 93 7 88 262 400 175 141 4 3 9 8 10
Aug. 12 3,904 3,164 0 206 114 120 300 130 88 0 8 14 6 14
Aug. 13 4,873 2,072 50 577 617 819 738 183 64 1 19 35 32 32
Aug. 14 7,908 683 6,400 104 302 419 0 238 33 154 4 23 24 0
Aug. 17 7,683 6,858 0 68 644 113 0 250 215 0 2 26 7 0
* Data through August 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* 12,454 7,703 1,420 1,372 1,302 325 332 764 421 86 99 113 31 14
Monthly average
2026-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 12,292 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.* 11,370 7,283 1,409 1,278 959 404 37 632 336 80 92 75 45 4
Weekly (Friday) average
July 24 12,686 7,893 1,391 1,024 1,437 862 79 732 404 70 79 142 31 6
July 31 13,785 7,217 1,399 1,432 2,068 167 1,501 725 377 72 84 147 13 33
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* 11,652 7,815 1,575 1,168 470 610 15 661 348 79 103 32 98 1
Daily
Aug. 11 11,394 6,972 1,037 1,641 1,144 588 12 662 338 69 108 78 68 1
Aug. 12 11,777 7,126 1,402 1,477 1,072 618 82 700 329 121 126 82 36 6
Aug. 13 10,692 6,613 1,700 1,211 839 317 13 602 326 106 88 59 22 1
Aug. 14 9,331 6,140 1,267 1,225 398 272 28 494 297 76 66 34 19 2
Aug. 17 11,652 7,815 1,575 1,168 470 610 15 661 348 79 103 32 98 1
* Data through August 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* 4,995 4,707 102 44 27 10 105 140 130 3 1 1 0 5
Monthly average
2026-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 5,266 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.* 5,421 5,175 102 0 28 14 102 156 143 5 0 1 0 6
Weekly (Friday) average
July 24 5,393 5,155 112 38 0 30 58 148 136 3 1 0 1 7
July 31 5,464 5,164 171 100 0 7 22 161 152 6 2 0 0 1
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* 5,318 5,280 0 0 0 0 38 147 141 0 0 0 0 6
Daily
Aug. 11 4,831 4,787 0 0 0 0 44 146 133 0 0 0 0 13
Aug. 12 5,740 5,425 210 0 105 0 0 152 142 5 0 5 0 0
Aug. 13 5,650 5,551 0 0 0 0 99 132 127 0 0 0 0 5
Aug. 14 5,703 5,215 400 0 0 50 38 176 140 28 0 0 1 7
Aug. 17 5,318 5,280 0 0 0 0 38 147 141 0 0 0 0 6
* Data through August 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* 20,302 13,031 4,092 410 578 454 1,737 577 356 116 12 20 15 58
Monthly average
2026-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 21,857 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.* 22,243 15,063 4,125 382 570 433 1,670 622 400 116 12 20 15 60
Weekly (Friday) average
July 24 21,400 14,807 4,068 254 545 374 1,352 593 403 114 8 18 12 39
July 31 23,712 17,299 4,034 407 965 434 573 629 448 108 11 27 12 22
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* 21,950 14,767 3,358 30 1,086 684 2,026 589 385 88 1 34 33 48
Daily
Aug. 11 23,957 14,186 5,993 910 559 260 2,049 640 361 150 23 19 8 79
Aug. 12 21,727 14,563 4,681 184 897 188 1,214 618 391 138 5 34 7 43
Aug. 13 26,029 18,584 5,079 153 797 17 1,399 699 469 137 4 25 3 61
Aug. 14 18,972 14,542 2,326 343 294 60 1,407 588 415 84 11 22 2 54
Aug. 17 21,950 14,767 3,358 30 1,086 684 2,026 589 385 88 1 34 33 48
* Data through August 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* 126,038 79,599 19,500 5,777 6,762 3,401 10,999 4,788 2,733 646 329 417 183 480
Monthly average
2026-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 134,730 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.* 133,529 89,335 19,319 5,938 5,538 3,517 9,881 4,765 2,819 614 321 348 220 443
Weekly (Friday) average
July 24 140,711 94,848 22,059 4,476 6,049 3,771 9,508 5,091 3,054 681 286 408 188 475
July 31 142,906 96,487 20,342 5,720 7,811 2,980 9,566 4,896 3,056 632 274 417 148 369
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* 130,053 90,065 15,553 3,712 4,950 3,682 12,091 4,684 2,850 513 272 288 293 468
Daily
Aug. 11 134,908 89,744 18,958 8,059 5,140 3,094 9,913 4,935 2,838 588 425 396 240 448
Aug. 12 133,058 92,321 18,000 5,982 5,829 2,813 8,112 4,840 2,880 662 369 379 159 391
Aug. 13 147,597 96,777 27,408 5,500 6,941 3,024 7,947 5,058 2,975 801 295 415 186 386
Aug. 14 125,295 84,741 19,420 5,441 3,790 2,139 9,765 4,353 2,685 626 266 249 114 413
Aug. 17 130,053 90,065 15,553 3,712 4,950 3,682 12,091 4,684 2,850 513 272 288 293 468
* Data through August 17.

Footnotes

1. Millions of dollars.

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Last Update: August 18, 2026