Commercial Paper Rates and Outstanding Summary
Commercial Paper Outstanding
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Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of July 29, 2026Posted July 30, 2026
Commercial paper outstanding are provided for seasonally adjusted and not seasonally adjusted categories. The not seasonally adjusted categories include financial, tier level, and directly-placed categories. Information about the commercial paper outstanding categories, including seasonal adjustment and data revisions, are detailed in the Outstanding Calculations section of the About page of this release.
Seasonally adjusted
Billions of dollars| Period | Total | Nonfinancial | Financial | Asset- backed |
Other | ||||
|---|---|---|---|---|---|---|---|---|---|
| Total | Domestic | Foreign | Total | Domestic | Foreign | ||||
| Monthly-end changes | |||||||||
| 2025-Dec. | 60.0 | -7.4 | -12.5 | 4.5 | 32.4 | 12.2 | 20.2 | 33.1 | 1.8 |
| 2026-Jan. | 40.2 | 8.8 | 18.2 | -9.3 | 3.9 | -12.6 | 16.5 | 26.3 | 1.2 |
| Feb. | 25.4 | 16.0 | 17.2 | -1.1 | 18.6 | -6.9 | 25.6 | -9.6 | .4 |
| Mar. | -16.6 | 7.5 | .8 | 6.6 | -15.1 | 19.7 | -34.8 | -7.8 | -1.1 |
| Apr. | 26.1 | -12.0 | -11.5 | -.4 | 16.5 | -15.7 | 32.2 | 19.9 | 1.6 |
| May | -28.3 | -16.9 | -13.1 | -3.7 | -17.6 | -2.3 | -15.3 | 6.1 | .2 |
| June | -6.9 | -14.8 | -7.7 | -7.2 | -6.7 | 4.6 | -11.3 | 11.0 | 3.6 |
| Weekly (Wednesday) changes | |||||||||
| July 1 | -35.8 | -20.8 | -11.9 | -8.9 | -22.9 | -20.0 | -2.9 | 7.5 | .4 |
| July 8 | 34.1 | 23.7 | 4.7 | 18.3 | 13.7 | 27.2 | -13.5 | -4.1 | .7 |
| July 15 | -6.6 | .5 | 2.7 | -2.2 | -8.2 | -.5 | -7.6 | .6 | .4 |
| July 22 | 2.8 | -2.5 | 9.2 | -11.8 | 4.1 | 7.7 | -3.6 | .7 | .5 |
| July 29 | 5.5 | -.6 | 4.0 | -4.5 | -6.8 | -7.7 | .9 | 13.9 | -.9 |
| Year-end levels | |||||||||
| 2024 | 1,150.8 | 242.6 | 189.4 | 53.1 | 560.7 | 224.6 | 336.2 | 345.4 | 2.1 |
| 2025 | 1,342.8 | 319.1 | 238.4 | 80.0 | 592.7 | 245.4 | 347.3 | 423.9 | 7.1 |
| Monthly-end levels | |||||||||
| 2025-Dec. | 1,342.8 | 319.1 | 238.4 | 80.0 | 592.7 | 245.4 | 347.3 | 423.9 | 7.1 |
| 2026-Jan. | 1,383.0 | 328.0 | 256.6 | 70.7 | 596.5 | 232.8 | 363.7 | 450.2 | 8.3 |
| Feb. | 1,408.4 | 344.0 | 273.8 | 69.6 | 615.2 | 225.9 | 389.3 | 440.6 | 8.7 |
| Mar. | 1,391.8 | 351.4 | 274.6 | 76.3 | 600.0 | 245.6 | 354.5 | 432.8 | 7.6 |
| Apr. | 1,417.9 | 339.4 | 263.1 | 75.9 | 616.5 | 229.9 | 386.6 | 452.7 | 9.2 |
| May | 1,389.6 | 322.5 | 250.0 | 72.2 | 598.9 | 227.6 | 371.3 | 458.8 | 9.3 |
| June | 1,382.7 | 307.7 | 242.3 | 65.0 | 592.3 | 232.2 | 360.1 | 469.8 | 12.9 |
| Weekly (Wednesday) levels | |||||||||
| July 1 | 1,361.2 | 277.3 | 222.7 | 54.1 | 599.7 | 227.5 | 372.2 | 471.4 | 12.8 |
| July 8 | 1,395.3 | 301.0 | 227.4 | 72.4 | 613.5 | 254.7 | 358.7 | 467.4 | 13.5 |
| July 15 | 1,388.7 | 301.5 | 230.2 | 70.2 | 605.3 | 254.2 | 351.1 | 468.0 | 13.9 |
| July 22 | 1,391.5 | 299.0 | 239.4 | 58.4 | 609.4 | 261.9 | 347.5 | 468.6 | 14.4 |
| July 29 | 1,397.1 | 298.4 | 243.4 | 53.9 | 602.6 | 254.2 | 348.4 | 482.5 | 13.5 |
Not seasonally adjusted
Billions of dollars| Period | Total | Nonfinancial | Financial | Asset- backed |
Other | ||||
|---|---|---|---|---|---|---|---|---|---|
| Total | Domestic | Foreign | Total | Domestic | Foreign | ||||
| Monthly-end changes | |||||||||
| 2025-Dec. | 11.6 | -42.4 | -28.7 | -14.3 | 14.7 | -3.9 | 18.6 | 37.3 | 2.0 |
| 2026-Jan. | 86.7 | 61.5 | 58.8 | 2.6 | 13.2 | 18.2 | -5.0 | 11.0 | 1.0 |
| Feb. | 34.2 | 26.9 | 21.1 | 5.9 | 7.8 | -11.2 | 19.0 | -.2 | -.3 |
| Mar. | -55.4 | -2.9 | -6.4 | 3.4 | -49.5 | -.7 | -48.8 | -2.3 | -.6 |
| Apr. | 68.9 | 30.3 | 13.3 | 17.1 | 19.4 | 14.0 | 5.5 | 17.8 | 1.4 |
| May | .9 | -8.8 | -5.0 | -3.6 | 3.6 | 12.4 | -8.8 | 5.4 | .7 |
| June | -45.2 | -57.2 | -36.0 | -21.3 | -16.3 | -22.1 | 5.8 | 25.0 | 3.3 |
| Weekly (Wednesday) changes | |||||||||
| July 1 | -49.6 | -34.7 | -23.4 | -11.3 | -26.1 | -19.1 | -7.0 | 10.6 | .5 |
| July 8 | 22.4 | 8.0 | .6 | 6.6 | 14.6 | 12.6 | 2.1 | -.7 | .5 |
| July 15 | -2.4 | 1.8 | 2.7 | -.9 | -4.3 | -.8 | -3.5 | -.2 | .3 |
| July 22 | 19.1 | 6.9 | 4.4 | 2.5 | 11.1 | 15.4 | -4.2 | .5 | .6 |
| July 29 | -3.2 | -.9 | -1.1 | .4 | -13.4 | -5.3 | -8.1 | 11.9 | -.8 |
| Year-end levels | |||||||||
| 2024 | 1,173.8 | 236.6 | 194.6 | 42.0 | 567.8 | 202.4 | 365.4 | 367.7 | 1.7 |
| 2025 | 1,322.9 | 269.9 | 210.3 | 59.1 | 617.7 | 228.2 | 389.5 | 428.3 | 6.9 |
| Monthly-end levels | |||||||||
| 2025-Dec. | 1,322.9 | 269.9 | 210.3 | 59.1 | 617.7 | 228.2 | 389.5 | 428.3 | 6.9 |
| 2026-Jan. | 1,409.6 | 331.4 | 269.1 | 61.7 | 630.9 | 246.4 | 384.5 | 439.3 | 8.0 |
| Feb. | 1,443.7 | 358.3 | 290.2 | 67.6 | 638.7 | 235.2 | 403.5 | 439.1 | 7.6 |
| Mar. | 1,388.3 | 355.4 | 283.8 | 71.0 | 589.2 | 234.5 | 354.7 | 436.8 | 7.0 |
| Apr. | 1,457.3 | 385.7 | 297.1 | 88.1 | 608.6 | 248.5 | 360.2 | 454.6 | 8.4 |
| May | 1,458.2 | 376.8 | 292.1 | 84.5 | 612.2 | 260.9 | 351.3 | 460.0 | 9.1 |
| June | 1,413.0 | 319.6 | 256.1 | 63.1 | 595.9 | 238.8 | 357.1 | 485.0 | 12.4 |
| Weekly (Wednesday) levels | |||||||||
| July 1 | 1,426.4 | 326.3 | 262.4 | 63.4 | 603.9 | 247.0 | 356.9 | 483.5 | 12.7 |
| July 8 | 1,448.8 | 334.2 | 263.0 | 70.1 | 618.5 | 259.6 | 358.9 | 482.8 | 13.2 |
| July 15 | 1,446.4 | 336.1 | 265.8 | 69.2 | 614.2 | 258.8 | 355.4 | 482.6 | 13.5 |
| July 22 | 1,465.5 | 343.0 | 270.2 | 71.6 | 625.4 | 274.2 | 351.2 | 483.1 | 14.1 |
| July 29 | 1,462.3 | 342.1 | 269.1 | 72.1 | 611.9 | 268.8 | 343.1 | 495.0 | 13.3 |
Billions of dollars
| Period | Financial | Special categories | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic | Foreign | Ratings Tiers1 | Directly-placed | ||||||||||
| U.S. owned | Foreign bank parent |
Foreign nonbank parent |
Other | Bank | Other | Tier-1 | Tier-2 | Nonfinancial | Financial | Asset- backed |
Other | ||
| Monthly-end changes | |||||||||||||
| 2025-Dec. | -10.3 | 10.9 | -4.8 | .3 | 16.5 | 2.2 | .2 | -.4 | 3.7 | 2.9 | 1.9 | .0 | |
| 2026-Jan. | 8.0 | 10.9 | -.7 | .0 | -12.9 | 7.8 | 20.9 | 29.0 | -4.6 | -9.2 | 1.4 | -.0 | |
| Feb. | 2.6 | -14.3 | .5 | .0 | 4.5 | 14.5 | 8.3 | -8.2 | 2.9 | 6.9 | -4.1 | -.0 | |
| Mar. | .9 | .4 | -1.7 | -.2 | -16.2 | -32.6 | -10.7 | -1.8 | -.3 | .1 | -2.7 | -.0 | |
| Apr. | 14.6 | -.5 | -.1 | .0 | 6.1 | -.6 | 19.3 | 3.9 | -1.2 | -7.9 | -2.4 | -.0 | |
| May | 6.7 | 4.8 | 1.1 | -.2 | -9.0 | .2 | -9.7 | -3.4 | -.4 | 12.7 | 1.9 | -.0 | |
| June | -2.4 | -19.1 | -.6 | .0 | 1.4 | 4.4 | -18.1 | -20.2 | -.3 | -6.6 | 2.2 | .0 | |
| Weekly (Wednesday) changes | |||||||||||||
| July 1 | -5.2 | -14.2 | .3 | .0 | -5.7 | -1.3 | -11.7 | -10.6 | -.2 | -5.3 | 8.1 | -.0 | |
| July 8 | -.3 | 13.1 | -.2 | .0 | .5 | 1.5 | 5.9 | 4.9 | .1 | 7.0 | -6.9 | -.0 | |
| July 15 | 3.2 | -3.7 | -.2 | .0 | -2.6 | -.9 | -6.3 | -3.4 | -1.2 | 1.0 | -.6 | -.0 | |
| July 22 | 6.3 | 9.3 | -.2 | .0 | -3.5 | -.7 | 6.2 | 1.9 | -.5 | 6.2 | -.3 | -.0 | |
| July 29 | 4.2 | -8.6 | -1.0 | .0 | -8.3 | .1 | .5 | .6 | 1.2 | -14.4 | -.4 | .0 | |
| Year-end levels | |||||||||||||
| 2024 | 69.8 | 99.1 | 33.5 | .0 | 170.9 | 194.5 | 375.2 | 95.0 | 6.5 | 56.5 | 17.5 | .0 | |
| 2025 | 72.6 | 125.1 | 29.4 | 1.1 | 210.9 | 178.6 | 397.2 | 100.1 | 8.3 | 58.5 | 19.0 | .1 | |
| Monthly-end levels | |||||||||||||
| 2025-Dec. | 72.6 | 125.1 | 29.4 | 1.1 | 210.9 | 178.6 | 397.2 | 100.1 | 8.3 | 58.5 | 19.0 | .1 | |
| 2026-Jan. | 80.6 | 136.0 | 28.8 | 1.1 | 198.0 | 186.4 | 418.1 | 129.1 | 3.8 | 49.2 | 20.4 | .1 | |
| Feb. | 83.1 | 121.7 | 29.2 | 1.1 | 202.6 | 200.9 | 426.4 | 121.0 | 6.7 | 56.2 | 16.3 | .1 | |
| Mar. | 84.0 | 122.1 | 27.5 | .9 | 186.4 | 168.3 | 415.7 | 119.2 | 6.3 | 56.3 | 13.5 | .0 | |
| Apr. | 98.6 | 121.6 | 27.5 | .9 | 192.4 | 167.7 | 435.0 | 123.1 | 5.1 | 48.4 | 11.2 | .0 | |
| May | 105.3 | 126.3 | 28.5 | .7 | 183.4 | 167.9 | 425.3 | 119.7 | 4.7 | 61.0 | 13.0 | .0 | |
| June | 102.9 | 107.3 | 27.9 | .7 | 184.8 | 172.4 | 407.2 | 99.5 | 4.4 | 54.5 | 15.3 | .0 | |
| Weekly (Wednesday) levels | |||||||||||||
| July 1 | 106.6 | 111.7 | 28.0 | .7 | 183.8 | 173.1 | 404.8 | 101.9 | 4.1 | 55.0 | 17.9 | .0 | |
| July 8 | 106.3 | 124.7 | 27.8 | .7 | 184.3 | 174.6 | 410.6 | 106.8 | 4.2 | 62.0 | 11.0 | .0 | |
| July 15 | 109.5 | 121.0 | 27.6 | .7 | 181.7 | 173.7 | 404.4 | 103.4 | 3.1 | 63.0 | 10.3 | .0 | |
| July 22 | 115.8 | 130.3 | 27.4 | .7 | 178.2 | 173.0 | 410.6 | 105.3 | 2.6 | 69.2 | 10.0 | .0 | |
| July 29 | 120.0 | 121.7 | 26.4 | .7 | 169.9 | 173.1 | 411.0 | 105.8 | 3.8 | 54.8 | 9.6 | .0 | |
Footnotes
1.See Tier Levels paragraphs in the Outstanding Calculations section of the About page.
Last Update: July 30, 2026