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 January 29, 2026Posted January 30, 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* 4,665 2,417 1,053 537 415 170 73 154 78 31 23 14 7 2
Monthly average
2025-Aug. 4,300 2,103 1,441 475 164 84 33 165 86 47 20 7 4 1
Sept. 5,470 3,198 824 610 422 231 185 218 128 30 25 17 10 8
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.* 4,665 2,417 1,053 537 415 170 73 154 78 31 23 14 7 2
Weekly (Friday) average
Jan. 2 1,907 86 1,367 156 228 70 0 53 3 32 8 7 3 0
Jan. 9 5,369 4,051 279 262 582 196 0 181 123 15 14 18 11 0
Jan. 16 5,282 2,325 1,468 953 279 237 20 178 80 42 37 11 8 0
Jan. 23 3,822 1,686 1,438 263 180 95 161 120 53 40 12 8 2 5
Jan. 30* 3,415 1,826 55 684 543 145 162 122 63 3 27 18 6 4
Daily
Jan. 23 6,299 228 5,213 404 138 0 316 169 8 132 14 4 0 11
Jan. 26 4,030 3,410 0 295 100 25 200 142 122 0 11 2 1 6
Jan. 27 2,263 1,266 40 260 132 366 200 96 60 2 11 5 14 4
Jan. 28 3,359 103 9 1,755 1,342 0 150 140 8 1 75 51 0 5
Jan. 29 4,008 2,524 171 428 597 188 100 110 62 9 10 15 11 3
* Data through January 29.
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* 11,889 7,057 1,415 1,372 1,378 329 338 850 495 93 100 107 38 18
Monthly average
2025-Aug. 9,373 5,780 987 1,073 870 303 361 667 389 69 81 76 37 16
Sept. 9,644 5,996 1,260 939 707 634 108 681 414 83 70 60 42 13
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.* 11,889 7,057 1,415 1,372 1,378 329 338 850 495 93 100 107 38 18
Weekly (Friday) average
Jan. 2 7,346 3,949 1,346 795 1,025 187 44 496 290 84 41 64 13 4
Jan. 9 11,246 6,013 1,576 1,261 1,564 639 192 830 415 98 111 124 67 14
Jan. 16 11,940 6,540 1,402 1,667 1,805 348 178 886 480 97 110 139 40 20
Jan. 23 12,387 7,996 1,524 1,518 1,003 206 140 896 564 102 103 78 35 14
Jan. 30* 13,270 8,877 1,179 1,099 1,040 71 1,003 879 594 82 84 84 7 26
Daily
Jan. 23 11,103 7,033 936 1,655 1,281 38 160 816 528 56 118 92 5 17
Jan. 26 13,685 10,305 1,242 1,082 847 116 93 960 706 88 86 65 7 8
Jan. 27 17,017 9,614 1,141 939 1,551 47 3,726 952 615 81 61 109 6 80
Jan. 28 11,759 8,147 1,079 1,250 1,178 10 95 835 544 76 89 113 1 12
Jan. 29 10,618 7,442 1,254 1,126 583 113 99 768 513 85 100 50 14 6
* Data through January 29.
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* 5,083 4,908 53 52 24 13 33 145 139 2 1 1 0 2
Monthly average
2025-Aug. 5,173 4,861 206 12 41 4 49 142 131 6 0 1 0 4
Sept. 5,152 4,645 126 72 87 73 150 149 132 4 2 4 2 5
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.* 5,083 4,908 53 52 24 13 33 145 139 2 1 1 0 2
Weekly (Friday) average
Jan. 2 3,320 3,249 59 0 0 0 12 90 88 2 0 0 0 0
Jan. 9 5,305 5,062 99 14 51 0 79 151 140 3 0 2 0 6
Jan. 16 5,300 5,049 27 118 39 50 17 148 140 1 3 1 2 2
Jan. 23 4,906 4,862 34 0 0 0 10 132 130 1 0 0 0 0
Jan. 30* 4,857 4,713 34 82 0 0 28 157 153 1 2 0 0 1
Daily
Jan. 23 4,330 4,330 0 0 0 0 0 117 117 0 0 0 0 0
Jan. 26 4,395 4,330 0 0 0 0 65 132 128 0 0 0 0 4
Jan. 27 5,309 5,309 0 0 0 0 0 166 166 0 0 0 0 0
Jan. 28 5,146 4,635 135 328 0 0 48 169 156 4 8 0 0 1
Jan. 29 4,578 4,578 0 0 0 1 0 162 161 0 0 0 1 0
* Data through January 29.
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* 17,324 10,689 3,492 490 552 588 1,513 529 321 105 16 20 19 49
Monthly average
2025-Aug. 20,993 14,148 3,802 378 670 366 1,629 633 419 104 12 27 13 58
Sept. 21,156 14,070 3,923 449 756 404 1,553 636 419 105 15 28 15 56
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.* 17,324 10,689 3,492 490 552 588 1,513 529 321 105 16 20 19 49
Weekly (Friday) average
Jan. 2 17,013 11,218 3,755 422 521 81 1,015 528 351 99 21 18 3 36
Jan. 9 17,768 10,722 3,317 411 491 780 2,046 545 322 102 13 16 20 71
Jan. 16 17,321 10,574 3,618 503 565 411 1,650 538 320 110 17 24 15 52
Jan. 23 17,242 10,491 4,072 305 722 530 1,122 512 305 120 9 24 20 34
Jan. 30* 17,451 11,198 3,489 642 303 737 1,082 516 326 103 19 11 24 32
Daily
Jan. 23 14,911 9,763 3,544 358 216 199 831 451 282 110 10 9 15 25
Jan. 26 14,909 11,489 1,293 435 462 429 802 443 334 46 13 16 10 24
Jan. 27 19,956 10,652 7,245 590 236 816 416 594 342 183 16 7 30 16
Jan. 28 15,323 9,719 3,561 505 87 864 587 451 264 115 17 5 33 17
Jan. 29 19,617 12,932 1,857 1,038 428 837 2,526 575 365 69 29 15 24 73
* Data through January 29.
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* 116,140 70,667 17,052 5,270 7,423 4,109 11,619 4,805 2,720 607 321 449 219 489
Monthly average
2025-Aug. 129,500 89,191 16,680 4,808 6,730 2,823 9,267 5,097 3,205 588 293 425 181 405
Sept. 122,891 80,035 16,965 5,543 7,016 3,031 10,301 5,059 3,065 629 325 404 176 462
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.* 116,140 70,667 17,052 5,270 7,423 4,109 11,619 4,805 2,720 607 321 449 219 489
Weekly (Friday) average
Jan. 2 82,537 49,090 16,789 3,545 4,886 1,396 6,831 3,289 2,000 544 203 226 73 242
Jan. 9 116,755 67,997 15,848 5,218 9,326 5,299 13,068 4,802 2,559 565 318 517 293 550
Jan. 16 118,176 71,789 17,469 6,032 7,498 4,193 11,195 5,039 2,792 651 378 491 231 496
Jan. 23 120,928 75,294 19,769 5,224 5,994 4,002 10,645 5,037 2,905 694 335 433 193 478
Jan. 30* 114,871 73,304 15,988 4,532 6,526 3,134 11,387 4,633 2,829 564 264 368 166 442
Daily
Jan. 23 113,124 67,812 18,695 5,935 5,812 2,283 12,587 4,595 2,675 622 351 327 120 500
Jan. 26 111,038 75,867 10,316 4,420 4,684 2,856 12,896 4,546 3,026 382 262 259 140 477
Jan. 27 117,610 71,458 20,270 2,928 5,451 3,846 13,657 4,642 2,792 646 171 325 184 524
Jan. 28 111,374 69,721 16,920 5,675 9,450 2,717 6,893 4,443 2,648 598 302 460 141 294
Jan. 29 119,461 76,168 16,447 5,104 6,520 3,117 12,104 4,900 2,850 628 319 430 199 474
* Data through January 29.

Footnotes

1. Millions of dollars.

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Last Update: January 30, 2026