Board of Governors of the Federal Reserve System

Commercial Paper

Commercial Paper Rates Derived from data supplied by The Depository Trust & Clearing Corporation

Data as of September 28, 2016Posted September 29, 2016

Daily rates for commercial paper are provided for the AA nonfinancial, A2/P2 nonfinancial, AA financial, and AA asset-backed 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.

Period AA nonfinancial A2/P2 nonfinancial
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
Annual average
2014 0.06 0.06 0.06 0.07 0.08 0.10 0.21 0.24 0.25 0.27 0.29 0.32
2015 0.09 0.09 0.10 0.11 0.13 0.16 0.37 0.41 0.44 0.47 0.51 0.56
2016* 0.33 0.33 0.34 0.36 0.41 0.48 0.58 0.65 0.70 0.77 0.83 0.86
Monthly average
2016-Apr. 0.32 0.32 0.33 0.35 0.39 0.48 0.57 0.66 0.71 0.77 0.80 0.83
May 0.33 0.32 0.33 0.35 0.41 0.48 0.58 0.63 0.69 0.76 0.81 0.80
June 0.36 0.34 0.35 0.38 0.43 0.49 0.59 0.65 0.70 0.78 0.85 0.88
July 0.34 0.34 0.34 0.35 0.40 0.46 0.58 0.65 0.71 0.75 0.83 0.81
Aug. 0.35 0.34 0.35 0.37 0.43 0.50 0.57 0.63 0.71 0.75 0.80 0.84
Sept.* 0.36 0.36 0.39 0.40 0.46 0.53 0.58 0.64 0.68 0.78 0.84 0.96
Weekly (Friday) average
Sept. 2 0.34 0.34 0.35 0.39 0.43 0.50 0.57 0.63 0.67 0.76 0.79 n.a.
Sept. 9 0.36 0.35 0.37 0.37 0.45 0.51 0.58 0.62 0.66 0.78 0.84 0.89
Sept. 16 0.36 0.36 0.39 0.41 0.48 0.54 0.58 0.67 0.68 0.77 0.83 0.95
Sept. 23 0.37 0.36 0.41 0.41 0.47 0.53 0.59 0.64 0.70 0.80 0.86 1.04
Sept. 30* 0.36 0.39 0.40 0.40 0.45 0.54 0.59 0.64 0.69 0.77 0.88 0.99
Daily
Sept. 22 0.36 0.35 0.37 0.41 0.47 n.a. 0.59 0.65 0.70 0.84 0.92 1.00
Sept. 23 0.37 0.38 0.40 0.43 0.48 0.54 0.59 0.66 0.70 0.81 0.73 n.a.
Sept. 26 0.37 0.46 0.48 0.38 0.40 0.56 0.58 0.63 0.70 0.80 0.91 n.a.
Sept. 27 0.37 0.36 0.38 0.42 0.48 0.54 0.59 0.63 0.66 0.73 0.86 n.a.
Sept. 28 0.34 0.34 0.35 0.41 0.47 0.53 0.59 0.66 0.71 0.78 0.88 0.99
* Data through September 28.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.
Period AA financial AA asset-backed
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
Annual average
2014 0.06 0.07 0.07 0.08 0.10 0.12 0.11 0.12 0.13 0.15 0.18 0.20
2015 0.09 0.10 0.11 0.12 0.17 0.23 0.16 0.16 0.18 0.19 0.24 0.29
2016* 0.37 0.37 0.38 0.41 0.50 0.60 0.42 0.43 0.46 0.48 0.57 0.68
Monthly average
2016-Apr. 0.36 0.37 0.37 0.41 0.47 0.55 0.40 0.41 0.45 0.45 0.51 0.59
May 0.37 0.36 0.36 0.38 0.47 0.57 0.41 0.41 0.46 0.45 0.52 0.60
June 0.38 0.38 0.37 0.39 0.47 0.55 0.42 0.42 0.45 0.47 0.54 0.62
July 0.40 0.40 0.40 0.40 0.50 0.62 0.46 0.50 0.47 0.51 0.60 0.71
Aug. 0.40 0.38 0.39 0.42 0.56 0.73 0.45 0.50 0.50 0.54 0.70 0.88
Sept.* 0.40 0.40 0.40 0.45 0.60 0.76 0.46 0.49 0.53 0.61 0.75 0.93
Weekly (Friday) average
Sept. 2 0.39 0.37 0.37 0.43 0.59 0.75 0.45 0.49 0.52 0.58 0.73 0.90
Sept. 9 0.40 0.38 0.38 0.44 0.59 0.76 0.46 0.48 0.51 0.58 0.76 0.95
Sept. 16 0.40 0.41 0.41 0.46 0.60 0.76 0.46 0.49 0.52 0.61 0.76 0.93
Sept. 23 0.40 0.41 0.42 0.46 0.60 0.78 0.47 0.49 0.55 0.61 0.74 0.92
Sept. 30* 0.40 0.41 0.42 0.47 0.57 0.70 0.47 0.50 0.53 0.66 0.75 0.95
Daily
Sept. 22 0.40 0.40 n.a. 0.48 0.61 0.77 0.47 0.48 0.56 0.63 0.77 0.95
Sept. 23 0.40 0.40 n.a. 0.43 0.60 0.78 0.47 0.51 0.54 0.57 0.67 0.88
Sept. 26 0.40 0.41 n.a. 0.47 0.55 0.63 0.47 0.51 0.55 0.69 0.65 1.04
Sept. 27 0.40 0.41 n.a. n.a. 0.56 0.64 0.48 0.50 0.53 0.61 0.77 0.91
Sept. 28 0.39 n.a. 0.42 n.a. 0.61 0.82 0.47 0.48 0.51 0.67 0.82 0.91
* Data through September 28.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.

Return to top

Last update: September 29, 2016