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 July 25, 2024Posted July 26, 2024

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
2022 4,359 3,230 319 237 297 195 80 157 109 13 10 13 8 3
2023 3,510 2,629 291 186 213 106 85 122 88 9 8 9 4 4
2024* 3,243 1,893 664 250 228 164 44 116 68 20 10 9 7 2
Monthly average
2024-Feb. 2,554 1,683 463 111 169 127 0 95 62 15 4 8 6 0
Mar. 2,598 1,393 398 249 341 182 35 99 51 14 10 14 9 1
Apr. 2,679 1,543 403 175 333 179 46 101 58 13 7 12 9 2
May 3,374 1,842 1,036 139 267 83 7 113 62 33 5 9 4 0
June 4,190 2,693 594 659 103 92 49 149 99 18 24 3 3 1
July* 4,571 2,498 1,085 406 231 227 124 162 88 30 17 8 9 10
Weekly (Friday) average
June 28 2,895 2,023 74 524 96 170 8 109 74 3 22 3 6 0
July 5 6,236 3,104 1,652 621 351 441 65 213 106 44 24 14 22 3
July 12 4,859 2,529 1,233 404 292 278 122 176 91 32 17 10 9 17
July 19 3,994 1,777 1,247 399 257 133 180 145 64 37 17 9 4 13
July 26* 3,269 2,753 130 203 0 68 116 116 95 6 9 0 2 4
Daily
July 19 6,309 56 5,781 148 75 0 250 190 2 154 9 3 0 22
July 22 6,176 5,422 150 290 0 0 315 220 186 11 9 0 0 14
July 23 5,967 5,276 270 422 0 0 0 208 174 10 24 0 0 0
July 24 782 202 100 100 0 230 150 22 7 3 2 0 7 3
July 25 151 111 0 0 0 40 0 14 13 0 0 0 1 0
* Data through July 25.
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
2022 10,100 6,494 1,125 958 1,006 317 200 775 452 94 91 97 30 11
2023 10,274 6,688 1,183 921 1,060 241 181 838 471 93 91 140 31 12
2024* 10,674 6,928 1,331 885 888 466 175 723 424 86 73 89 40 10
Monthly average
2024-Feb. 10,774 6,917 1,476 1,029 859 259 235 794 448 103 95 103 31 13
Mar. 9,986 6,559 1,374 826 814 231 182 691 396 86 77 91 28 12
Apr. 10,559 6,955 1,137 729 1,010 684 45 697 404 65 56 116 51 6
May 11,109 7,218 1,384 823 765 848 72 708 423 82 62 72 63 6
June 10,998 7,560 1,069 1,143 853 202 171 707 450 67 84 74 23 9
July* 10,222 6,529 1,291 697 920 629 156 673 404 88 56 72 44 9
Weekly (Friday) average
June 28 9,605 6,957 605 964 851 148 80 630 424 33 77 73 16 7
July 5 9,524 5,358 2,204 723 1,115 122 2 601 321 140 56 78 6 1
July 12 10,326 6,952 1,030 573 1,154 532 86 693 420 75 52 87 52 8
July 19 10,790 7,285 1,069 747 734 533 422 743 470 73 65 69 49 16
July 26* 10,080 6,228 981 762 667 1,376 66 633 384 72 50 52 66 8
Daily
July 19 10,000 6,785 734 560 926 989 5 673 447 57 34 74 60 1
July 22 11,084 7,340 1,035 662 1,060 897 89 741 450 77 34 106 68 6
July 23 8,930 6,305 973 666 666 311 10 607 411 74 56 34 30 2
July 24 7,953 5,361 811 573 382 725 101 500 309 61 33 21 65 11
July 25 12,353 5,906 1,106 1,148 559 3,570 65 684 364 78 79 48 100 15
* Data through July 25.
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
2022 9,562 8,408 596 118 224 88 128 246 206 18 4 7 3 9
2023 7,628 6,657 581 102 130 82 76 209 178 18 3 3 2 5
2024* 4,700 4,354 211 21 63 9 41 128 116 7 1 2 0 2
Monthly average
2024-Feb. 3,491 3,397 61 13 10 6 4 97 93 3 0 1 0 0
Mar. 4,593 4,177 269 31 82 6 29 131 117 9 1 2 0 2
Apr. 6,449 5,921 408 12 75 7 26 169 153 12 0 2 0 1
May 6,095 5,545 334 20 112 13 71 166 148 10 1 4 0 3
June 3,497 3,351 48 14 14 0 69 96 91 2 0 0 0 3
July* 3,756 3,301 192 55 134 12 62 98 84 5 2 4 0 3
Weekly (Friday) average
June 28 2,928 2,806 35 0 10 0 77 76 71 1 0 0 0 4
July 5 3,896 3,554 81 89 74 14 84 97 86 2 2 2 0 4
July 12 4,065 3,821 55 16 25 13 135 108 97 2 0 1 1 7
July 19 3,978 2,935 502 110 399 20 12 107 77 13 4 12 1 0
July 26* 2,953 2,857 85 0 0 0 11 77 72 3 0 0 0 2
Daily
July 19 5,779 3,103 2,176 500 0 0 0 153 84 51 18 0 0 0
July 22 2,789 2,674 100 0 0 0 15 78 70 6 0 0 0 2
July 23 3,278 3,203 75 0 0 0 0 86 84 2 0 0 0 0
July 24 3,350 3,225 125 0 0 0 0 89 85 4 0 0 0 0
July 25 2,395 2,325 40 0 0 0 30 56 50 1 0 0 0 5
* Data through July 25.
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
2022 16,982 11,030 2,697 541 918 483 1,314 535 336 77 16 31 16 58
2023 16,214 9,705 3,223 487 860 509 1,431 506 300 89 16 28 16 56
2024* 22,102 15,444 3,452 475 697 450 1,584 647 441 94 14 23 15 61
Monthly average
2024-Feb. 20,311 13,928 2,973 566 780 311 1,753 602 402 83 18 24 11 66
Mar. 21,460 15,141 3,233 488 667 445 1,485 627 431 91 15 22 13 55
Apr. 21,417 15,203 3,269 494 582 396 1,473 618 429 91 13 18 12 53
May 23,525 17,023 3,454 396 618 324 1,710 673 469 94 12 20 11 67
June 24,431 17,227 3,643 505 834 485 1,738 716 492 96 16 29 16 66
July* 24,099 17,136 4,144 330 758 466 1,265 693 488 109 10 23 16 48
Weekly (Friday) average
June 28 24,687 17,516 3,449 638 583 523 1,978 711 492 94 22 19 14 69
July 5 21,275 14,336 4,689 391 594 406 858 602 407 124 11 19 12 28
July 12 24,566 17,486 3,864 313 982 414 1,508 736 520 103 9 28 15 62
July 19 24,737 18,180 3,786 265 862 419 1,226 707 511 100 8 26 13 48
July 26* 25,541 18,196 4,396 370 512 650 1,417 714 501 110 11 19 24 49
Daily
July 19 23,326 18,703 3,296 102 474 540 211 644 505 89 4 19 17 10
July 22 28,307 19,751 4,398 436 549 762 2,411 771 539 103 13 19 28 69
July 23 25,743 18,258 4,639 695 350 728 1,072 694 487 119 16 10 18 44
July 24 24,848 17,424 5,138 153 463 520 1,151 706 491 127 8 20 22 38
July 25 23,265 17,351 3,410 194 686 591 1,033 686 488 93 8 26 26 45
* Data through July 25.
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
2022 121,237 83,340 14,203 4,945 6,919 3,738 8,093 4,541 2,744 516 287 380 187 426
2023 115,630 78,012 15,262 4,619 6,585 2,951 8,202 4,625 2,730 546 286 462 178 423
2024* 125,249 85,344 16,926 4,709 6,398 3,085 8,786 4,735 2,830 587 284 395 195 443
Monthly average
2024-Feb. 120,872 81,764 16,859 4,588 6,466 2,170 9,025 4,736 2,777 630 308 429 146 445
Mar. 120,857 83,236 15,227 4,632 6,717 2,407 8,638 4,581 2,728 557 289 415 155 436
Apr. 131,338 91,824 17,348 3,984 6,295 3,120 8,766 4,780 2,937 566 243 404 191 439
May 133,153 92,891 17,394 4,067 5,965 3,516 9,320 4,856 2,976 594 234 361 229 461
June 126,661 87,150 15,465 5,790 6,318 2,823 9,115 4,742 2,902 522 301 368 192 458
July* 121,713 79,327 19,273 4,614 6,113 3,939 8,447 4,566 2,667 619 266 351 235 428
Weekly (Friday) average
June 28 120,187 82,088 12,542 5,108 8,498 2,450 9,500 4,557 2,764 396 279 468 176 473
July 5 121,528 74,179 23,139 4,975 6,903 2,835 9,496 4,419 2,370 776 274 380 183 436
July 12 123,989 81,325 17,270 5,012 6,922 4,453 9,008 4,691 2,725 560 282 372 279 473
July 19 121,193 80,162 18,785 4,333 5,899 4,031 7,983 4,652 2,768 590 273 364 230 426
July 26* 119,702 80,932 18,519 4,107 4,578 4,287 7,279 4,449 2,766 573 231 278 237 364
Daily
July 19 118,649 79,134 21,773 3,547 5,402 4,160 4,633 4,454 2,705 649 264 279 256 301
July 22 125,151 84,985 20,001 2,963 5,459 4,977 6,766 4,599 2,937 605 154 318 275 310
July 23 133,358 84,628 27,267 5,005 4,382 2,519 9,555 4,806 2,846 779 271 242 162 506
July 24 110,740 76,861 17,001 4,389 3,364 3,778 5,348 4,085 2,612 500 230 223 257 263
July 25 109,558 77,252 9,807 4,071 5,107 5,875 7,445 4,306 2,670 407 270 331 253 375
* Data through July 25.

Footnotes

1. Millions of dollars.

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Last Update: July 26, 2024