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 October 1, 2026Posted October 2, 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* 5,334 2,441 1,548 599 368 264 114 171 75 43 22 16 11 4
Monthly average
2026-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. 5,413 2,883 1,216 421 371 353 169 176 91 32 16 17 14 6
Sept. 6,689 3,444 1,723 665 349 387 120 208 99 50 21 15 16 6
Oct.* 7,216 995 1,656 4,122 442 0 0 295 26 60 188 21 0 0
Weekly (Friday) average
Sept. 4 6,472 3,785 1,695 556 210 65 160 184 99 45 17 9 5 9
Sept. 11 6,191 3,321 1,346 1,092 132 139 160 199 97 41 36 9 7 8
Sept. 18 8,250 3,676 2,633 417 421 940 163 257 103 75 14 21 39 7
Sept. 25 7,868 4,222 1,754 935 534 369 54 246 128 57 29 17 13 3
Oct. 2* 4,247 1,961 547 1,148 418 174 0 153 56 19 51 20 6 0
Daily
Sept. 25 9,973 7,540 1,370 538 375 150 0 305 226 44 19 11 5 0
Sept. 28 6,903 5,859 26 378 0 641 0 196 161 3 13 0 19 0
Sept. 29 1,935 731 507 90 607 0 0 84 26 14 4 40 0 0
Sept. 30 934 258 0 0 622 54 0 38 13 0 0 21 4 0
Oct. 1 7,216 995 1,656 4,122 442 0 0 295 26 60 188 21 0 0
* Data through October 1.
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* 12,338 7,654 1,419 1,321 1,283 319 342 747 413 85 95 110 31 14
Monthly average
2026-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. 11,416 7,186 1,349 1,212 1,057 296 316 638 345 78 86 86 32 11
Sept. 11,879 7,612 1,470 1,030 1,130 344 292 675 384 82 70 91 33 15
Oct.* 12,466 6,614 1,496 1,274 2,766 269 47 673 337 68 82 162 21 3
Weekly (Friday) average
Sept. 4 11,978 7,694 1,460 1,108 1,411 280 26 678 378 78 74 114 32 2
Sept. 11 12,038 7,441 1,793 1,227 1,051 265 261 676 360 96 84 94 19 22
Sept. 18 12,747 8,456 1,550 1,155 1,033 345 208 744 435 85 69 95 37 24
Sept. 25 12,026 7,439 1,213 982 1,140 470 782 667 377 76 78 76 42 19
Oct. 2* 10,487 6,781 1,249 721 1,424 301 12 592 356 67 49 94 26 1
Daily
Sept. 25 10,676 6,912 863 830 1,572 441 57 602 358 39 71 85 39 10
Sept. 28 10,485 7,353 892 499 1,359 382 0 592 393 53 33 80 33 0
Sept. 29 10,142 6,874 1,459 706 749 355 0 560 331 78 49 73 29 0
Sept. 30 8,853 6,281 1,149 404 821 198 0 545 362 70 33 60 20 0
Oct. 1 12,466 6,614 1,496 1,274 2,766 269 47 673 337 68 82 162 21 3
* Data through October 1.
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* 5,099 4,802 114 41 24 12 105 143 132 3 1 1 0 6
Monthly average
2026-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. 5,436 5,118 154 15 27 14 109 156 143 5 0 1 0 6
Sept. 5,682 5,364 158 22 5 35 98 157 145 4 1 0 1 7
Oct.* 5,600 5,300 150 0 0 0 150 129 120 6 0 0 0 3
Weekly (Friday) average
Sept. 4 5,224 4,903 157 0 7 30 127 156 141 5 0 0 1 9
Sept. 11 6,003 5,558 242 40 0 8 156 171 152 6 1 0 0 12
Sept. 18 5,503 5,345 142 0 6 0 10 142 139 3 0 1 0 0
Sept. 25 5,911 5,576 142 60 8 100 25 153 145 3 2 0 2 1
Oct. 2* 5,178 4,875 71 0 0 38 194 140 124 2 0 0 1 13
Daily
Sept. 25 6,670 6,030 500 0 40 100 0 183 168 11 0 2 2 0
Sept. 28 5,862 5,700 0 0 0 100 62 161 156 0 0 0 2 3
Sept. 29 6,416 5,800 0 0 0 50 566 209 162 0 0 0 1 46
Sept. 30 2,835 2,700 135 0 0 0 0 63 59 4 0 0 0 0
Oct. 1 5,600 5,300 150 0 0 0 150 129 120 6 0 0 0 3
* Data through October 1.
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* 21,104 13,627 4,269 415 599 468 1,725 593 369 119 13 20 15 57
Monthly average
2026-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. 22,269 14,946 4,270 315 601 448 1,688 617 397 118 10 20 15 58
Sept. 26,121 17,262 5,457 491 726 584 1,601 699 448 146 15 24 17 49
Oct.* 29,757 19,058 5,634 1,278 821 335 2,631 810 497 156 31 29 10 87
Weekly (Friday) average
Sept. 4 23,475 15,751 5,182 594 440 418 1,090 627 403 137 18 15 14 41
Sept. 11 25,881 16,203 6,427 592 540 414 1,705 699 426 170 17 15 11 59
Sept. 18 25,769 17,894 4,972 247 669 449 1,538 689 462 134 8 26 14 45
Sept. 25 27,048 17,618 4,892 610 1,059 1,110 1,759 720 456 132 18 34 31 48
Oct. 2* 27,672 18,302 5,397 546 973 391 2,064 747 485 145 17 30 12 58
Daily
Sept. 25 26,773 17,986 2,777 542 1,618 1,625 2,225 741 501 80 27 48 35 50
Sept. 28 25,707 17,935 3,037 381 1,392 230 2,732 691 478 88 13 40 5 67
Sept. 29 26,937 19,003 5,100 264 788 753 1,030 739 513 130 14 31 25 26
Sept. 30 28,288 17,212 7,818 260 890 246 1,862 749 452 206 10 22 8 51
Oct. 1 29,757 19,058 5,634 1,278 821 335 2,631 810 497 156 31 29 10 87
* Data through October 1.
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* 129,293 82,291 20,173 5,745 6,763 3,396 10,926 4,834 2,776 662 323 414 183 475
Monthly average
2026-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. 135,608 89,909 20,498 5,464 5,873 3,423 10,441 4,787 2,822 638 304 366 209 449
Sept. 147,796 98,053 23,750 5,637 6,784 3,378 10,194 5,151 3,081 765 287 395 177 445
Oct.* 165,620 91,339 34,401 11,049 11,620 3,778 13,434 5,582 2,764 965 560 602 195 496
Weekly (Friday) average
Sept. 4 136,282 90,202 22,447 5,879 5,988 2,642 9,124 4,789 2,812 695 310 369 189 414
Sept. 11 145,385 93,954 26,766 7,172 4,866 2,658 9,968 5,055 2,922 852 361 326 142 450
Sept. 18 154,983 106,263 22,740 5,480 7,285 3,475 9,739 5,479 3,379 757 291 420 172 460
Sept. 25 153,139 99,606 23,610 5,784 8,155 4,766 11,218 5,283 3,146 782 272 422 213 447
Oct. 2* 143,214 94,110 22,542 4,755 8,049 2,970 10,788 4,931 2,928 697 256 458 160 432
Daily
Sept. 25 137,979 95,613 14,057 5,303 8,832 5,672 8,502 4,941 3,137 465 256 467 207 409
Sept. 28 137,243 103,822 10,577 2,828 7,638 3,021 9,357 4,750 3,277 380 129 453 183 328
Sept. 29 142,276 97,278 21,527 2,564 6,871 3,706 10,331 5,097 3,060 696 196 473 163 509
Sept. 30 127,715 84,002 23,662 2,579 6,068 1,374 10,030 4,295 2,609 748 139 306 100 393
Oct. 1 165,620 91,339 34,401 11,049 11,620 3,778 13,434 5,582 2,764 965 560 602 195 496
* Data through October 1.

Footnotes

1. Millions of dollars.

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Last Update: October 2, 2026