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 March 9, 2026Posted March 10, 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* 4,890 2,342 1,330 579 372 169 98 161 77 37 22 14 7 3
Monthly average
2025-Oct. 4,506 2,483 999 423 340 150 110 180 103 35 18 14 5 5
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.* 5,971 2,397 1,719 1,008 397 275 175 199 85 47 33 14 13 7
Weekly (Friday) average
Feb. 13 4,082 1,833 1,214 365 435 105 130 138 62 32 15 17 5 6
Feb. 20 4,438 1,754 1,624 546 179 290 46 144 62 42 20 10 10 1
Feb. 27 4,851 2,849 991 570 249 192 0 161 88 34 24 8 8 0
Mar. 6 5,932 2,254 1,672 1,091 419 286 210 202 83 45 36 15 13 9
Mar. 13* 6,167 3,111 1,957 590 291 218 0 187 94 55 18 11 9 0
Daily
Mar. 3 6,907 4,859 285 793 311 347 312 260 177 11 31 12 18 11
Mar. 4 4,554 866 1,095 1,499 577 249 268 153 36 36 43 18 11 9
Mar. 5 5,651 364 1,848 2,113 739 258 328 163 9 45 58 21 11 19
Mar. 6 6,531 525 4,834 1,007 22 114 29 191 18 121 42 4 5 1
Mar. 9 6,167 3,111 1,957 590 291 218 0 187 94 55 18 11 9 0
* Data through March 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
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* 13,031 8,081 1,450 1,490 1,333 308 369 896 537 93 111 106 31 18
Monthly average
2025-Oct. 9,551 5,969 1,086 1,148 845 312 191 668 433 65 79 64 21 6
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.* 12,944 8,783 1,577 1,059 1,172 261 93 865 543 115 78 98 23 8
Weekly (Friday) average
Feb. 13 15,267 7,834 1,623 2,231 1,543 364 1,672 1,034 531 103 180 133 30 58
Feb. 20 14,849 9,736 1,348 1,687 1,697 327 55 982 617 85 124 118 35 3
Feb. 27 15,110 10,173 1,488 1,508 1,514 340 86 1,010 639 86 114 135 25 11
Mar. 6 13,045 8,700 1,718 1,092 1,168 255 112 854 550 107 79 84 24 10
Mar. 13* 12,444 9,200 871 891 1,193 288 0 923 508 154 74 166 21 0
Daily
Mar. 3 13,712 8,813 2,244 1,128 1,261 151 114 913 590 137 87 85 10 4
Mar. 4 13,377 8,885 1,921 887 1,355 188 141 882 536 150 70 91 22 13
Mar. 5 13,194 8,087 1,401 1,599 1,662 356 90 896 531 88 103 142 25 7
Mar. 6 11,341 7,744 1,212 1,233 786 267 98 650 439 49 76 49 25 12
Mar. 9 12,444 9,200 871 891 1,193 288 0 923 508 154 74 166 21 0
* Data through March 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
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* 4,668 4,500 48 45 22 8 45 134 128 1 1 1 0 3
Monthly average
2025-Oct. 4,478 4,082 115 121 92 14 54 137 123 4 3 3 1 2
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.* 4,355 4,213 22 0 25 4 90 126 122 1 0 0 0 2
Weekly (Friday) average
Feb. 13 4,638 4,376 62 110 42 0 48 125 116 2 3 2 0 3
Feb. 20 4,453 4,364 34 2 48 5 0 133 130 1 0 1 0 0
Feb. 27 4,257 4,071 27 100 1 0 57 121 115 1 2 0 0 3
Mar. 6 4,425 4,292 27 0 30 5 71 127 124 1 0 1 0 2
Mar. 13* 4,004 3,819 0 0 0 0 185 117 112 0 0 0 0 5
Daily
Mar. 3 3,680 3,630 0 0 0 0 50 109 108 0 0 0 0 1
Mar. 4 4,469 4,278 135 0 0 0 55 132 125 4 0 0 0 3
Mar. 5 5,552 5,302 0 0 50 0 200 164 159 0 0 1 0 4
Mar. 6 4,515 4,415 0 0 100 0 0 133 131 0 0 2 0 0
Mar. 9 4,004 3,819 0 0 0 0 185 117 112 0 0 0 0 5
* Data through March 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
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* 18,160 11,125 3,910 419 533 494 1,679 544 327 111 13 19 17 57
Monthly average
2025-Oct. 20,338 13,448 3,827 497 897 323 1,346 610 403 107 15 31 11 43
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.* 18,165 11,596 3,861 319 668 382 1,339 520 327 102 8 22 11 50
Weekly (Friday) average
Feb. 13 19,580 11,575 4,622 487 488 360 2,047 572 334 125 13 16 12 73
Feb. 20 20,205 11,841 4,610 350 446 417 2,541 612 340 131 12 27 18 84
Feb. 27 18,699 11,546 4,725 351 374 289 1,413 549 343 125 12 17 8 44
Mar. 6 18,228 11,569 4,073 383 518 417 1,268 525 326 109 10 18 12 51
Mar. 13* 17,847 11,729 2,800 0 1,421 205 1,692 496 333 70 0 39 7 47
Daily
Mar. 3 20,206 10,642 7,043 415 355 228 1,523 576 318 177 9 12 7 53
Mar. 4 16,604 10,579 3,735 30 344 598 1,319 502 318 100 1 10 15 58
Mar. 5 18,963 14,265 1,958 722 482 159 1,377 534 381 64 17 16 11 45
Mar. 6 16,524 10,569 4,096 100 428 270 1,061 477 274 117 2 17 6 61
Mar. 9 17,847 11,729 2,800 0 1,421 205 1,692 496 333 70 0 39 7 47
* Data through March 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
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* 115,342 69,954 17,976 5,533 6,945 3,429 11,504 4,795 2,718 631 334 427 185 499
Monthly average
2025-Oct. 111,047 68,035 16,232 6,620 7,400 2,589 10,172 4,779 2,776 590 378 433 157 444
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.* 111,905 68,792 18,825 5,299 7,060 2,315 9,614 4,639 2,688 696 286 387 154 429
Weekly (Friday) average
Feb. 13 116,711 70,462 18,842 6,209 6,051 3,000 12,146 4,790 2,689 640 407 381 160 513
Feb. 20 117,644 69,054 20,161 6,548 6,712 2,622 12,547 5,037 2,759 724 396 432 146 580
Feb. 27 117,529 71,902 19,079 6,268 6,683 2,755 10,842 4,911 2,836 643 351 467 138 476
Mar. 6 112,318 68,340 19,350 5,380 7,146 2,386 9,718 4,707 2,704 715 297 388 163 440
Mar. 13* 109,839 71,051 16,203 4,897 6,634 1,959 9,095 4,297 2,605 598 228 380 111 375
Daily
Mar. 3 120,418 71,210 27,144 5,362 4,666 2,361 9,675 4,857 2,813 939 295 327 109 374
Mar. 4 109,691 62,406 19,397 4,682 8,171 3,288 11,747 4,823 2,531 794 268 408 245 577
Mar. 5 117,774 72,717 13,693 7,499 9,659 1,986 12,221 4,856 2,794 524 384 481 131 542
Mar. 6 108,857 66,276 22,044 5,471 6,398 1,374 7,294 4,472 2,579 765 306 302 157 363
Mar. 9 109,839 71,051 16,203 4,897 6,634 1,959 9,095 4,297 2,605 598 228 380 111 375
* Data through March 9.

Footnotes

1. Millions of dollars.

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Last Update: March 10, 2026