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 April 20, 2026Posted April 21, 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* 5,101 2,150 1,593 690 348 208 112 165 69 45 26 13 8 4
Monthly average
2025-Nov. 4,818 2,592 1,065 481 542 136 2 173 85 31 22 27 9 0
Dec. 4,446 2,714 578 489 341 281 43 157 92 18 19 16 10 2
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.* 4,913 1,699 1,903 808 193 200 110 155 53 54 29 7 8 5
Weekly (Friday) average
Mar. 27 5,724 2,557 1,174 1,281 427 244 40 181 73 36 45 18 8 1
Apr. 3 4,654 548 1,819 1,080 627 463 117 163 24 56 38 20 18 7
Apr. 10 4,712 2,374 1,631 536 106 45 19 144 68 47 20 8 1 1
Apr. 17 3,938 1,131 1,785 714 49 54 205 125 40 51 25 1 2 5
Apr. 24* 10,370 5,362 3,818 360 125 676 30 318 162 110 15 4 26 1
Daily
Apr. 14 2,053 451 1,350 100 0 0 152 52 13 31 4 0 0 4
Apr. 15 4,840 1,982 1,665 488 245 0 460 169 81 50 21 7 0 10
Apr. 16 5,446 1,859 1,755 1,640 0 50 142 186 61 59 59 0 2 5
Apr. 17 5,105 960 3,354 424 0 220 147 146 33 87 13 0 9 4
Apr. 20 10,370 5,362 3,818 360 125 676 30 318 162 110 15 4 26 1
* Data through April 20.
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* 12,537 7,751 1,461 1,367 1,327 297 334 819 469 93 101 110 31 15
Monthly average
2025-Nov. 9,698 5,923 1,048 1,156 752 319 500 646 403 61 74 55 38 15
Dec. 8,494 4,795 1,090 874 1,052 286 398 561 318 62 56 84 25 15
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.* 10,368 6,096 1,481 1,188 1,209 342 51 634 297 93 95 104 38 6
Weekly (Friday) average
Mar. 27 12,784 8,375 1,369 999 1,702 228 111 750 423 78 63 154 25 8
Apr. 3 9,482 5,395 1,474 797 1,339 389 87 576 276 85 48 105 54 8
Apr. 10 10,274 6,081 1,396 1,326 1,136 314 21 618 303 88 99 100 27 2
Apr. 17 10,919 6,647 1,453 1,286 1,159 292 82 675 309 94 111 117 36 9
Apr. 24* 12,229 7,846 2,153 1,042 1,018 170 0 839 402 180 118 124 15 0
Daily
Apr. 14 11,526 6,352 1,726 1,628 1,266 499 55 682 271 129 136 122 20 4
Apr. 15 11,375 7,135 1,276 1,187 1,266 247 263 803 335 86 98 157 96 31
Apr. 16 11,578 7,155 1,483 1,652 1,013 276 0 676 327 93 126 101 29 0
Apr. 17 11,293 6,882 1,676 1,278 1,292 136 28 730 337 97 149 129 15 3
Apr. 20 12,229 7,846 2,153 1,042 1,018 170 0 839 402 180 118 124 15 0
* Data through April 20.
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* 4,679 4,481 63 53 25 7 50 133 126 2 1 1 0 3
Monthly average
2025-Nov. 4,576 4,299 88 56 29 8 96 139 128 4 1 1 0 4
Dec. 4,611 4,359 85 49 55 5 58 133 124 3 2 2 0 3
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.* 4,694 4,369 128 50 60 2 85 129 118 4 1 2 0 3
Weekly (Friday) average
Mar. 27 5,298 5,097 107 80 0 0 14 151 145 4 2 0 0 0
Apr. 3 3,778 3,486 77 34 90 0 90 115 105 2 1 4 0 2
Apr. 10 5,143 4,913 47 85 27 6 65 132 126 2 2 1 0 2
Apr. 17 4,903 4,527 235 21 51 0 69 132 119 6 1 2 0 4
Apr. 24* 4,670 4,600 0 0 0 0 70 141 138 0 0 0 0 3
Daily
Apr. 14 5,434 4,904 500 0 0 0 30 147 132 14 0 0 0 1
Apr. 15 4,260 3,570 560 5 125 0 0 134 116 14 1 3 0 0
Apr. 16 4,833 4,620 15 0 98 0 100 118 111 1 0 4 0 2
Apr. 17 4,646 4,593 0 0 0 0 54 126 124 0 0 0 0 2
Apr. 20 4,670 4,600 0 0 0 0 70 141 138 0 0 0 0 3
* Data through April 20.
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* 18,570 11,438 3,976 387 562 447 1,760 543 326 112 12 20 15 58
Monthly average
2025-Nov. 19,565 12,046 4,014 463 488 523 2,031 587 358 111 14 17 16 72
Dec. 19,832 12,776 3,446 478 634 456 2,043 594 377 92 16 23 16 69
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.* 19,197 12,267 3,985 305 653 412 1,575 535 326 111 9 22 14 53
Weekly (Friday) average
Mar. 27 19,348 11,937 3,889 341 605 395 2,181 556 335 112 10 17 11 69
Apr. 3 15,914 9,705 3,964 384 666 318 876 452 266 108 12 19 14 33
Apr. 10 19,445 12,478 4,018 241 652 422 1,635 549 338 111 7 19 14 59
Apr. 17 21,730 14,418 4,233 383 596 374 1,726 594 373 121 12 26 11 52
Apr. 24* 20,664 12,956 2,836 306 815 724 3,026 574 353 75 9 26 20 91
Daily
Apr. 14 24,591 15,340 6,416 465 820 328 1,222 674 424 168 13 19 12 38
Apr. 15 22,403 12,491 4,812 383 914 818 2,986 610 321 130 11 52 24 72
Apr. 16 25,462 17,706 5,011 48 468 345 1,884 656 415 153 5 17 10 56
Apr. 17 17,163 13,235 1,798 530 398 280 922 504 347 68 15 23 7 44
Apr. 20 20,664 12,956 2,836 306 815 724 3,026 574 353 75 9 26 20 91
* Data through April 20.
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* 116,027 70,448 18,437 5,601 6,995 3,381 11,166 4,661 2,606 638 331 425 177 483
Monthly average
2025-Nov. 104,655 61,154 15,975 5,999 6,578 3,785 11,165 4,507 2,490 567 346 407 229 467
Dec. 101,253 60,963 15,294 5,504 6,398 3,134 9,960 4,142 2,384 533 285 372 164 404
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.* 115,407 69,755 18,671 5,476 7,233 3,498 10,774 4,356 2,322 613 345 427 178 472
Weekly (Friday) average
Mar. 27 122,248 75,467 17,984 6,421 7,671 3,546 11,160 4,661 2,643 598 300 476 154 490
Apr. 3 92,967 54,413 17,427 4,902 7,290 2,723 6,212 3,541 1,860 572 250 390 159 310
Apr. 10 125,821 77,755 18,487 5,988 7,280 4,028 12,283 4,679 2,572 588 381 447 178 513
Apr. 17 120,020 74,818 18,691 5,238 6,844 3,087 11,342 4,575 2,475 633 370 425 170 502
Apr. 24* 128,756 83,363 17,774 3,797 7,635 4,057 12,129 4,838 2,743 648 267 492 170 518
Daily
Apr. 14 124,714 75,968 24,789 4,105 6,570 2,647 10,635 4,706 2,481 822 297 474 119 513
Apr. 15 116,682 66,566 21,443 4,600 6,570 4,172 13,331 4,633 2,318 699 357 418 261 580
Apr. 16 125,262 79,018 19,251 7,022 6,856 2,599 10,516 4,861 2,553 696 515 523 124 450
Apr. 17 112,849 73,039 13,042 6,323 5,960 3,866 10,619 4,389 2,428 467 445 336 216 497
Apr. 20 128,756 83,363 17,774 3,797 7,635 4,057 12,129 4,838 2,743 648 267 492 170 518
* Data through April 20.

Footnotes

1. Millions of dollars.

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Last Update: April 21, 2026