Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of September 9, 2021Posted September 10, 2021

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
2019 4,097 2,640 450 336 333 211 126 169 99 19 18 17 10 7
2020 3,303 2,185 230 120 236 256 276 133 77 10 6 11 12 16
2021* 3,364 2,234 199 161 200 323 246 122 74 7 7 9 13 12
Monthly average
2021-Apr. 2,126 640 192 244 251 391 408 80 20 8 9 11 14 18
May 5,230 3,735 231 402 340 351 171 175 117 8 16 15 13 7
June 3,426 2,441 226 148 192 245 174 122 80 8 6 10 9 8
July 3,708 2,740 129 57 185 275 321 134 95 5 2 8 11 13
Aug. 4,785 3,913 372 97 187 127 90 163 126 14 5 9 5 4
Sept.* 2,832 1,968 152 112 237 251 112 99 66 6 5 11 10 3
Weekly (Friday) average
Aug. 13 4,637 3,892 323 68 29 136 189 158 129 12 3 1 6 6
Aug. 20 5,276 4,334 431 132 187 113 78 168 133 14 5 7 5 4
Aug. 27 5,418 4,164 611 80 425 137 0 186 131 24 4 21 6 0
Sept. 3 1,492 801 92 123 219 146 110 66 34 3 7 12 7 3
Sept. 10* 4,070 3,190 150 127 304 258 42 133 101 7 5 12 7 1
Daily
Sept. 3 1,451 649 260 84 55 402 0 62 25 9 5 4 19 0
Sept. 6 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.
Sept. 7 8,955 8,319 50 0 261 325 0 272 252 3 0 10 7 0
Sept. 8 1,672 657 300 0 415 300 0 57 28 9 0 12 8 0
Sept. 9 1,583 593 100 380 235 150 125 69 22 8 15 15 6 3
* Data through September 9.
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
2019 9,253 5,972 1,120 805 973 250 132 849 515 107 82 104 27 14
2020 4,977 3,374 458 372 425 210 139 435 267 49 39 45 20 14
2021* 5,176 3,298 589 396 544 181 169 423 242 55 41 55 18 12
Monthly average
2021-Apr. 4,499 2,872 607 341 449 180 50 379 209 61 38 47 17 6
May 5,246 3,195 833 442 522 204 50 436 226 79 44 54 25 7
June 5,759 3,700 596 492 768 147 56 434 252 58 50 54 13 7
July 5,981 3,444 786 491 709 172 379 475 261 55 47 78 17 18
Aug. 5,555 3,880 419 402 539 185 130 443 266 40 40 65 15 17
Sept.* 5,919 4,202 465 434 539 214 65 463 289 40 41 63 25 5
Weekly (Friday) average
Aug. 13 5,306 3,586 376 414 569 221 140 431 240 40 47 62 21 21
Aug. 20 5,495 3,926 330 383 634 93 130 440 261 34 37 81 11 16
Aug. 27 5,467 3,979 455 380 432 113 108 436 282 46 28 57 10 12
Sept. 3 6,069 4,282 373 559 621 170 65 476 289 34 57 74 20 3
Sept. 10* 5,640 4,055 539 383 435 204 24 459 292 45 37 57 22 6
Daily
Sept. 3 6,371 4,301 551 513 475 218 313 462 294 42 52 43 20 11
Sept. 6 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.
Sept. 7 5,789 4,272 409 437 609 42 20 485 308 31 48 78 4 16
Sept. 8 5,486 3,957 470 329 336 344 50 456 299 39 26 52 39 1
Sept. 9 5,645 3,937 737 382 360 226 2 435 270 64 38 40 22 1
* Data through September 9.
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
2019 5,620 4,592 486 85 125 91 242 189 143 14 3 5 4 19
2020 7,284 6,829 176 72 74 27 106 185 168 5 2 3 1 6
2021* 7,221 6,797 107 43 44 30 200 181 162 5 1 1 1 10
Monthly average
2021-Apr. 7,517 7,185 111 32 15 19 156 190 171 5 1 1 1 12
May 7,112 6,764 76 74 26 1 172 182 163 4 2 1 0 12
June 7,715 7,488 99 35 8 1 83 188 176 5 1 0 0 6
July 5,761 5,336 78 10 17 10 311 139 123 4 1 1 0 11
Aug. 4,526 4,257 64 4 22 5 174 112 102 3 0 1 0 6
Sept.* 4,380 4,104 103 4 19 0 150 116 103 6 0 1 0 6
Weekly (Friday) average
Aug. 13 4,768 4,511 53 7 16 3 178 124 110 3 1 1 0 10
Aug. 20 4,588 4,501 53 0 0 1 32 116 112 3 0 0 0 1
Aug. 27 3,913 3,775 55 5 5 0 73 93 87 4 0 0 0 2
Sept. 3 4,547 3,873 81 5 53 0 535 113 93 4 0 2 0 14
Sept. 10* 4,441 4,203 146 0 17 0 75 118 105 8 0 0 0 5
Daily
Sept. 3 4,138 4,009 66 0 0 0 63 109 97 2 0 0 0 10
Sept. 6 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.
Sept. 7 4,295 3,975 150 0 50 0 120 112 100 3 0 1 0 8
Sept. 8 4,441 4,175 264 0 0 0 2 123 104 18 0 0 0 1
Sept. 9 4,589 4,460 25 0 0 0 104 118 111 2 0 0 0 5
* Data through September 9.
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
2019 13,875 9,384 1,760 270 687 608 1,167 540 363 67 12 29 21 49
2020 16,703 11,462 2,307 292 777 524 1,342 561 378 74 10 29 16 54
2021* 16,059 11,330 1,846 286 683 389 1,524 544 368 62 11 26 14 63
Monthly average
2021-Apr. 15,712 11,153 1,724 259 685 504 1,388 546 372 54 8 27 20 64
May 16,080 11,060 1,918 254 772 535 1,542 549 370 62 10 27 18 62
June 15,869 11,341 1,941 288 647 341 1,311 524 361 66 10 24 13 50
July 15,736 11,056 1,809 335 724 347 1,464 525 349 68 12 27 12 57
Aug. 14,158 9,838 1,638 260 715 340 1,367 481 319 57 9 26 13 56
Sept.* 15,511 10,249 2,180 241 723 455 1,663 511 324 74 11 23 14 65
Weekly (Friday) average
Aug. 13 14,190 9,737 2,088 131 421 268 1,547 488 318 71 4 15 13 67
Aug. 20 14,260 9,976 1,584 271 811 350 1,268 493 328 56 9 32 12 55
Aug. 27 13,749 9,462 1,371 383 960 397 1,177 474 311 47 13 38 14 51
Sept. 3 14,669 10,109 1,751 315 630 492 1,374 493 324 59 13 24 18 54
Sept. 10* 15,497 10,400 2,080 121 536 429 1,930 501 325 71 6 16 12 71
Daily
Sept. 3 15,122 10,050 2,202 319 1,273 552 726 509 323 74 20 39 17 36
Sept. 6 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.
Sept. 7 15,688 10,295 1,841 27 585 894 2,047 492 323 61 3 12 22 71
Sept. 8 16,558 10,704 3,159 185 681 135 1,694 558 334 111 8 28 5 72
Sept. 9 14,244 10,200 1,241 150 343 259 2,050 453 317 42 8 9 8 69
* Data through September 9.
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
2019 79,801 46,823 12,553 3,690 5,817 3,206 7,711 3,960 2,181 527 260 399 190 402
2020 77,294 49,885 10,393 2,506 4,236 2,650 7,625 3,179 1,833 388 161 251 150 395
2021* 97,078 66,565 11,537 2,891 4,694 2,854 8,537 3,680 2,238 420 173 277 152 419
Monthly average
2021-Apr. 97,275 66,275 12,085 3,016 4,816 3,272 7,812 3,656 2,200 416 175 288 168 407
May 102,971 70,186 13,157 3,067 4,865 3,019 8,678 3,851 2,324 478 186 284 160 420
June 101,777 71,769 11,405 3,135 5,450 2,927 7,093 3,775 2,379 430 188 280 147 352
July 103,114 71,576 11,925 2,692 4,828 2,512 9,581 3,813 2,370 436 158 299 132 418
Aug. 100,572 72,734 10,887 2,455 4,443 2,682 7,370 3,726 2,370 393 152 288 134 389
Sept.* 103,568 71,672 12,561 3,679 5,499 2,725 7,432 3,828 2,382 440 218 280 155 352
Weekly (Friday) average
Aug. 13 101,029 74,272 10,891 1,941 3,927 2,821 7,176 3,753 2,401 385 134 281 144 408
Aug. 20 100,464 73,187 10,951 2,470 4,288 1,925 7,643 3,783 2,420 404 151 293 99 417
Aug. 27 105,066 75,573 12,071 2,814 5,344 2,629 6,635 3,821 2,464 428 151 328 126 324
Sept. 3 95,064 66,856 9,515 3,512 5,138 2,535 7,508 3,584 2,210 352 215 297 154 357
Sept. 10* 103,554 72,672 13,802 3,192 5,009 2,487 6,392 3,823 2,443 472 218 261 124 304
Daily
Sept. 3 98,774 68,535 12,998 4,210 4,956 3,157 4,917 3,572 2,260 429 208 236 187 252
Sept. 6 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.
Sept. 7 105,612 77,442 12,122 3,331 4,164 2,500 6,053 3,875 2,596 388 231 237 118 305
Sept. 8 106,177 69,545 18,038 3,315 6,756 2,607 5,915 3,949 2,363 598 225 344 138 281
Sept. 9 98,872 71,031 11,244 2,930 4,105 2,354 7,207 3,644 2,371 430 198 202 116 327
* Data through September 9.

Footnotes

1. Millions of dollars.

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Last Update: September 10, 2021