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 July 13, 2026Posted July 14, 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* 5,096 2,236 1,537 612 380 228 104 164 70 42 23 16 9 4
Monthly average
2026-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. 4,898 2,066 1,624 686 178 217 127 154 63 46 25 7 9 5
May 5,407 1,654 2,434 567 292 371 90 167 52 61 23 13 15 3
June 4,850 2,453 849 560 656 233 100 168 76 23 22 31 12 4
July* 5,145 3,460 982 260 401 29 12 154 98 28 10 17 1 0
Weekly (Friday) average
June 19 6,784 3,793 1,578 348 825 122 119 220 106 36 18 51 5 3
June 26 5,485 2,548 587 649 1,222 477 2 211 84 22 24 53 26 1
July 3 2,701 324 1,532 183 551 111 0 88 16 40 6 24 2 0
July 10 4,918 4,111 230 267 255 37 20 148 117 8 11 10 2 1
July 17* 6,730 5,979 681 20 0 50 0 178 151 24 2 0 1 0
Daily
July 7 3,875 3,665 0 0 210 0 0 114 109 0 0 5 0 0
July 8 7,133 5,465 730 643 295 0 0 206 144 30 18 14 0 0
July 9 1,619 550 178 260 451 80 100 57 16 5 11 20 2 3
July 10 8,018 7,045 240 430 201 103 0 227 181 6 26 8 6 0
July 13 6,730 5,979 681 20 0 50 0 178 151 24 2 0 1 0
* Data through July 13.
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* 12,502 7,746 1,434 1,391 1,288 311 332 779 432 88 100 113 32 14
Monthly average
2026-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. 10,955 6,460 1,534 1,231 1,197 313 219 655 320 97 94 103 33 8
May 12,694 7,789 1,574 1,375 1,149 288 520 769 392 93 105 119 36 25
June 12,292 7,884 1,196 1,481 1,220 318 192 702 388 67 98 118 24 7
July* 12,769 7,888 1,261 1,506 1,557 527 30 721 371 73 97 125 51 3
Weekly (Friday) average
June 19 13,321 7,786 2,081 1,381 1,102 951 19 762 394 118 95 115 40 1
June 26 11,985 8,542 680 1,146 1,413 156 47 686 419 38 83 121 17 7
July 3 13,108 8,175 1,329 1,420 1,621 532 31 712 396 74 84 108 46 3
July 10 12,118 7,684 1,166 1,567 1,262 415 24 696 364 66 103 112 47 3
July 17* 12,074 8,229 1,012 1,239 1,410 180 4 667 355 66 92 145 7 2
Daily
July 7 13,008 7,633 1,762 2,086 1,321 206 0 691 353 79 131 119 9 0
July 8 11,748 7,565 1,138 1,519 1,315 211 0 646 343 78 89 98 38 0
July 9 12,114 7,287 1,044 1,576 1,600 553 55 752 339 58 113 138 94 10
July 10 10,445 6,815 852 1,618 845 316 0 672 361 55 116 110 30 0
July 13 12,074 8,229 1,012 1,239 1,410 180 4 667 355 66 92 145 7 2
* Data through July 13.
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* 4,909 4,620 98 47 29 9 107 138 127 3 1 1 0 5
Monthly average
2026-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. 4,550 4,303 94 50 38 1 63 125 117 3 1 2 0 2
May 5,425 4,986 200 30 46 23 140 145 132 6 1 1 1 5
June 5,266 4,726 153 42 15 4 327 153 128 5 1 0 0 19
July* 5,455 5,158 96 43 88 13 56 144 136 3 1 2 0 2
Weekly (Friday) average
June 19 5,544 4,641 199 0 0 0 704 160 121 7 0 0 0 32
June 26 5,246 5,003 77 53 0 5 108 152 138 2 1 0 0 10
July 3 3,445 3,149 90 26 62 6 112 90 82 2 1 1 0 4
July 10 5,489 5,226 82 49 85 7 41 146 139 3 1 2 0 1
July 17* 5,475 5,400 0 0 30 45 0 146 141 0 0 3 2 0
Daily
July 7 5,500 5,225 50 0 225 0 0 140 134 1 0 5 0 0
July 8 5,954 5,150 210 243 150 0 201 152 133 5 6 3 0 5
July 9 5,450 5,300 150 0 0 0 0 141 133 8 0 0 0 0
July 10 5,400 5,400 0 0 0 0 0 142 142 0 0 0 0 0
July 13 5,475 5,400 0 0 30 45 0 146 141 0 0 3 2 0
* Data through July 13.
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* 19,880 12,538 4,076 424 573 463 1,805 569 346 116 13 20 15 59
Monthly average
2026-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. 19,936 12,927 4,179 316 583 452 1,479 550 340 118 10 20 14 49
May 21,724 14,172 4,265 546 459 497 1,786 607 376 123 17 15 19 57
June 21,857 13,916 4,114 504 716 445 2,161 610 372 118 14 25 14 67
July* 21,006 13,610 4,000 341 709 522 1,825 595 366 112 10 24 14 67
Weekly (Friday) average
June 19 21,609 13,478 4,842 252 776 408 1,853 593 353 140 8 28 12 52
June 26 22,521 14,269 3,882 720 559 447 2,643 627 384 106 17 20 14 86
July 3 21,981 13,038 4,905 499 728 720 2,091 624 354 141 16 26 19 68
July 10 21,202 13,841 4,166 254 743 465 1,733 594 372 115 7 25 13 62
July 17* 18,815 13,819 2,234 263 495 151 1,853 531 366 65 6 17 5 72
Daily
July 7 24,739 13,620 6,295 296 775 883 2,869 694 357 166 9 24 25 113
July 8 21,167 13,393 4,053 240 1,089 718 1,674 614 370 123 6 35 23 57
July 9 24,627 15,931 5,974 366 818 50 1,488 675 427 163 10 32 1 42
July 10 17,076 12,786 2,147 290 225 200 1,428 487 352 62 7 8 5 53
July 13 18,815 13,819 2,234 263 495 151 1,853 531 366 65 6 17 5 72
* Data through July 13.
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* 123,787 77,149 19,297 5,852 6,874 3,370 11,246 4,766 2,694 646 335 424 180 489
Monthly average
2026-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. 118,630 72,771 19,493 5,237 6,599 3,474 11,054 4,461 2,437 641 326 402 179 476
May 133,427 85,235 21,444 6,064 5,779 3,452 11,454 4,951 2,822 690 340 397 199 503
June 134,730 87,191 18,990 6,969 7,698 2,923 10,958 4,918 2,839 609 360 460 160 490
July* 143,228 92,490 21,164 5,778 7,695 4,162 11,940 5,018 2,867 656 326 448 212 507
Weekly (Friday) average
June 19 138,891 87,077 22,701 5,355 7,457 4,023 12,278 5,100 2,845 758 327 469 179 521
June 26 137,866 92,778 18,491 6,174 8,225 2,396 9,802 4,906 3,008 564 304 448 139 441
July 3 130,517 77,222 24,472 5,297 7,900 3,764 11,863 4,656 2,524 740 280 452 201 460
July 10 146,840 96,375 20,495 5,752 7,690 4,157 12,370 5,140 2,971 638 330 461 207 533
July 17* 139,171 102,553 12,947 4,581 4,587 3,876 10,628 4,841 3,058 440 317 315 187 524
Daily
July 7 147,478 88,956 23,633 6,385 8,433 3,456 16,616 5,220 2,750 761 387 459 148 715
July 8 151,234 98,078 26,453 5,259 7,794 3,726 9,924 5,277 3,009 833 305 453 214 463
July 9 161,233 105,619 28,274 5,551 7,902 2,667 11,220 5,611 3,177 796 318 582 212 526
July 10 133,248 101,174 8,742 6,765 5,138 2,950 8,479 4,723 3,086 308 374 358 155 442
July 13 139,171 102,553 12,947 4,581 4,587 3,876 10,628 4,841 3,058 440 317 315 187 524
* Data through July 13.

Footnotes

1. Millions of dollars.

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Last Update: July 14, 2026