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 May 11, 2026Posted May 12, 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* 5,217 2,206 1,655 688 327 219 122 167 70 46 26 13 9 4
Monthly average
2025-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. 4,898 2,066 1,624 686 178 217 127 154 63 46 25 7 9 5
May* 6,855 2,239 2,911 907 306 312 181 209 68 73 33 14 15 6
Weekly (Friday) average
Apr. 17 3,938 1,131 1,785 714 49 54 205 125 40 51 25 1 2 5
Apr. 24 5,688 2,800 1,738 591 130 342 88 174 80 53 20 5 13 3
May 1 6,386 2,758 2,159 714 287 221 247 196 85 51 30 11 11 8
May 8 6,198 2,188 2,558 762 218 336 135 192 65 66 29 11 17 5
May 15* 5,973 3,966 993 160 299 355 200 189 130 25 7 11 11 5
Daily
May 5 7,282 2,963 3,415 74 50 679 100 212 80 100 2 2 24 4
May 6 4,904 2,898 940 523 156 236 150 173 105 24 14 12 14 4
May 7 5,373 1,501 1,381 1,474 707 110 200 173 39 36 59 29 6 4
May 8 7,860 398 5,725 1,072 2 437 226 233 11 134 46 1 30 11
May 11 5,973 3,966 993 160 299 355 200 189 130 25 7 11 11 5
* Data through May 11.
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* 12,556 7,669 1,501 1,368 1,291 299 428 805 451 95 101 109 31 18
Monthly average
2025-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. 10,955 6,460 1,534 1,231 1,197 313 219 655 320 97 94 103 33 8
May* 13,421 7,445 1,792 1,456 1,034 358 1,337 787 368 107 106 108 39 59
Weekly (Friday) average
Apr. 17 10,919 6,647 1,453 1,286 1,159 292 82 675 309 94 111 117 36 9
Apr. 24 12,328 7,049 1,603 1,377 1,172 323 806 721 357 112 111 94 28 20
May 1 12,136 7,613 1,767 1,302 1,258 179 18 723 379 103 86 137 17 2
May 8 13,627 7,261 1,779 1,411 930 374 1,872 786 360 109 106 91 38 83
May 15* 11,572 7,134 1,957 1,226 860 396 0 736 378 131 92 69 66 0
Daily
May 5 13,255 7,619 2,167 1,508 1,238 314 408 896 418 134 132 150 37 25
May 6 15,849 6,890 2,466 942 975 560 4,016 770 331 139 64 76 41 119
May 7 15,623 6,735 1,181 1,958 563 403 4,783 874 328 70 119 55 56 246
May 8 11,316 6,910 1,177 1,850 1,019 211 150 750 358 90 149 100 30 23
May 11 11,572 7,134 1,957 1,226 860 396 0 736 378 131 92 69 66 0
* Data through May 11.
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* 4,688 4,492 63 53 25 8 48 133 126 2 1 1 0 2
Monthly average
2025-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. 4,550 4,303 94 50 38 1 63 125 117 3 1 2 0 2
May* 5,228 4,951 98 54 48 26 50 144 136 4 1 1 1 1
Weekly (Friday) average
Apr. 17 4,903 4,527 235 21 51 0 69 132 119 6 1 2 0 4
Apr. 24 4,557 4,416 27 80 0 0 34 128 124 1 2 0 0 1
May 1 4,328 4,181 58 10 36 8 35 120 115 2 0 1 1 1
May 8 5,324 5,048 107 65 22 28 55 146 138 3 2 1 1 1
May 15* 4,590 4,540 0 0 50 0 0 123 122 0 0 1 0 0
Daily
May 5 5,030 5,030 0 0 0 0 0 128 128 0 0 0 0 0
May 6 5,778 5,085 135 325 73 10 150 165 147 4 8 2 1 3
May 7 5,275 5,065 50 0 0 35 125 152 147 1 0 0 1 3
May 8 5,611 5,158 350 0 10 92 0 160 145 12 0 1 2 0
May 11 4,590 4,540 0 0 50 0 0 123 122 0 0 1 0 0
* Data through May 11.
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* 18,855 11,794 3,994 395 543 437 1,693 545 331 113 12 19 14 56
Monthly average
2025-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. 19,936 12,927 4,179 316 583 452 1,479 550 340 118 10 20 14 49
May* 19,198 12,994 3,581 548 436 225 1,414 536 349 104 15 14 7 46
Weekly (Friday) average
Apr. 17 21,730 14,418 4,233 383 596 374 1,726 594 373 121 12 26 11 52
Apr. 24 21,306 13,719 4,218 355 508 713 1,794 587 358 122 10 18 19 60
May 1 20,458 13,947 3,911 421 451 365 1,361 551 363 110 13 16 10 40
May 8 19,591 13,052 4,050 510 418 204 1,357 547 348 120 13 13 6 47
May 15* 18,120 12,989 3,160 393 671 55 852 517 363 80 21 23 4 26
Daily
May 5 21,537 12,592 6,059 574 191 35 2,086 630 352 172 14 15 2 75
May 6 20,210 11,750 5,765 899 303 416 1,076 556 329 161 18 8 12 28
May 7 20,898 15,166 4,361 50 239 115 968 580 380 147 2 9 4 38
May 8 17,000 12,792 1,685 250 992 170 1,111 498 366 57 8 22 6 39
May 11 18,120 12,989 3,160 393 671 55 852 517 363 80 21 23 4 26
* Data through May 11.
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* 117,317 71,628 18,649 5,613 6,770 3,376 11,281 4,657 2,608 640 329 418 178 485
Monthly average
2025-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. 118,630 72,771 19,493 5,237 6,599 3,474 11,054 4,461 2,437 641 326 402 179 476
May* 123,198 76,940 18,316 6,646 5,823 3,253 12,219 4,634 2,588 606 341 408 182 510
Weekly (Friday) average
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. 24 127,187 78,284 20,173 5,097 5,972 3,944 13,718 4,738 2,621 686 307 388 190 546
May 1 121,281 77,982 20,069 5,070 5,817 2,988 9,355 4,565 2,643 646 297 384 177 418
May 8 123,761 76,855 19,055 6,688 5,727 3,350 12,086 4,662 2,581 637 340 404 176 525
May 15* 124,150 80,743 16,957 4,598 4,740 2,884 14,228 4,604 2,745 568 286 316 173 516
Daily
May 5 125,475 72,854 27,224 7,014 5,293 2,724 10,366 4,891 2,521 900 397 422 144 507
May 6 131,840 77,119 22,046 6,646 6,375 3,403 16,253 4,831 2,610 734 280 341 197 669
May 7 132,779 81,680 18,532 6,591 6,425 3,792 15,758 5,052 2,671 642 379 444 207 709
May 8 118,448 76,919 16,831 6,614 5,883 3,459 8,742 4,511 2,631 551 352 420 170 387
May 11 124,150 80,743 16,957 4,598 4,740 2,884 14,228 4,604 2,745 568 286 316 173 516
* Data through May 11.

Footnotes

1. Millions of dollars.

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Last Update: May 12, 2026