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 1, 2026Posted April 2, 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* 5,171 2,223 1,520 694 399 219 116 168 72 43 26 15 9 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.* 6,807 391 1,392 2,523 1,409 804 288 220 16 38 84 35 29 18
Weekly (Friday) average
Mar. 6 5,932 2,254 1,672 1,091 419 286 210 202 83 45 36 15 13 9
Mar. 13 5,296 1,766 2,388 602 309 137 93 160 54 62 24 10 6 3
Mar. 20 7,336 2,347 2,757 976 381 555 320 225 67 75 33 19 20 12
Mar. 27 5,724 2,557 1,174 1,281 427 244 40 181 73 36 45 18 8 1
Apr. 3* 4,971 747 1,579 1,075 912 499 159 177 32 54 38 28 17 7
Daily
Mar. 26 4,033 1,738 452 999 489 255 100 136 40 11 45 29 9 2
Mar. 27 3,535 816 326 1,439 723 230 0 129 24 10 60 29 6 0
Mar. 30 3,620 1,116 1,787 271 437 10 0 149 50 68 11 19 1 0
Mar. 31 4,485 734 1,559 430 890 682 190 162 31 56 18 31 22 4
Apr. 1 6,807 391 1,392 2,523 1,409 804 288 220 16 38 84 35 29 18
* Data through April 1.
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* 13,036 8,097 1,472 1,405 1,376 292 394 858 504 93 102 112 30 17
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.* 13,114 6,062 2,458 1,220 2,725 575 74 650 280 96 72 152 42 8
Weekly (Friday) average
Mar. 6 13,045 8,700 1,718 1,092 1,168 255 112 854 550 107 79 84 24 10
Mar. 13 13,272 8,115 1,128 1,171 1,276 289 1,293 788 448 97 74 106 32 31
Mar. 20 14,088 9,185 1,785 1,485 1,329 204 99 832 460 112 119 115 17 9
Mar. 27 12,784 8,375 1,369 999 1,702 228 111 750 423 78 63 154 25 8
Apr. 3* 11,188 6,391 1,830 890 1,663 310 104 654 321 100 49 141 34 8
Daily
Mar. 26 12,601 8,674 1,043 841 1,459 252 332 735 430 71 46 137 29 22
Mar. 27 9,838 7,135 630 984 962 97 30 579 359 34 68 107 9 2
Mar. 30 10,042 7,199 923 547 1,178 60 135 600 358 63 29 140 4 6
Mar. 31 10,408 5,913 2,108 903 1,086 294 103 711 325 142 47 131 57 9
Apr. 1 13,114 6,062 2,458 1,220 2,725 575 74 650 280 96 72 152 42 8
* Data through April 1.
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* 4,695 4,513 52 54 21 8 48 135 129 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.* 5,879 4,880 235 80 284 0 400 190 156 7 2 14 0 11
Weekly (Friday) average
Mar. 6 4,425 4,292 27 0 30 5 71 127 124 1 0 1 0 2
Mar. 13 4,492 4,259 27 132 6 10 57 126 119 1 3 0 0 3
Mar. 20 4,433 4,283 27 30 0 15 78 135 128 1 1 0 0 5
Mar. 27 5,298 5,097 107 80 0 0 14 151 145 4 2 0 0 0
Apr. 3* 4,650 4,317 78 27 95 0 133 140 129 2 1 5 0 4
Daily
Mar. 26 6,070 6,070 0 0 0 0 0 161 161 0 0 0 0 0
Mar. 27 4,918 4,918 0 0 0 0 0 149 149 0 0 0 0 0
Mar. 30 5,320 5,320 0 0 0 0 0 168 168 0 0 0 0 0
Mar. 31 2,750 2,750 0 0 0 0 0 62 62 0 0 0 0 0
Apr. 1 5,879 4,880 235 80 284 0 400 190 156 7 2 14 0 11
* Data through April 1.
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* 18,475 11,265 3,996 411 552 458 1,794 546 326 112 13 19 16 60
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.* 21,482 12,320 5,337 720 1,231 642 1,232 602 322 151 16 31 34 48
Weekly (Friday) average
Mar. 6 18,228 11,569 4,073 383 518 417 1,268 525 326 109 10 18 12 51
Mar. 13 19,402 11,452 4,794 249 837 213 1,857 540 320 126 7 24 7 56
Mar. 20 18,711 11,203 3,553 369 393 440 2,753 544 318 98 10 17 13 89
Mar. 27 19,348 11,937 3,889 341 605 395 2,181 556 335 112 10 17 11 69
Apr. 3* 19,612 12,181 4,486 600 823 390 1,132 554 335 122 16 24 18 39
Daily
Mar. 26 23,404 15,362 3,472 627 944 608 2,391 619 391 100 14 23 18 73
Mar. 27 17,226 10,936 2,508 956 325 632 1,869 519 320 84 30 10 17 58
Mar. 30 18,355 12,456 2,719 604 722 342 1,511 511 336 73 18 22 13 49
Mar. 31 18,999 11,766 5,401 477 517 186 652 550 347 142 15 19 7 20
Apr. 1 21,482 12,320 5,337 720 1,231 642 1,232 602 322 151 16 31 34 48
* Data through April 1.
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* 116,385 70,524 18,496 5,677 7,040 3,382 11,266 4,733 2,664 647 329 428 178 487
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.* 129,534 65,464 25,389 8,584 13,113 5,089 11,895 4,855 2,210 860 376 630 254 525
Weekly (Friday) average
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. 13 116,321 69,586 20,865 5,564 6,912 2,017 11,376 4,452 2,464 737 279 365 125 482
Mar. 20 121,164 72,625 20,999 6,320 6,216 4,035 10,968 4,743 2,591 748 369 410 188 437
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* 112,212 69,064 18,263 5,455 8,852 3,121 7,459 4,226 2,327 632 275 482 156 355
Daily
Mar. 26 133,866 81,645 17,558 5,562 10,142 4,851 14,107 4,864 2,737 578 275 501 198 575
Mar. 27 107,933 72,791 8,759 7,493 6,840 2,376 9,674 4,044 2,542 314 352 351 82 403
Mar. 30 109,483 78,640 11,719 4,352 6,345 1,742 6,685 4,010 2,592 421 236 403 72 286
Mar. 31 97,620 63,086 17,680 3,428 7,097 2,532 3,796 3,813 2,178 614 213 412 142 254
Apr. 1 129,534 65,464 25,389 8,584 13,113 5,089 11,895 4,855 2,210 860 376 630 254 525
* Data through April 1.

Footnotes

1. Millions of dollars.

Back to Top
Last Update: April 2, 2026