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 June 15, 2026Posted June 16, 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* 5,113 2,149 1,632 651 331 233 116 164 68 45 25 13 10 4
Monthly average
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. 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* 4,836 2,636 804 668 419 148 161 160 81 23 25 18 8 6
Weekly (Friday) average
May 22 4,754 1,231 2,072 622 433 331 65 155 44 52 25 17 15 2
May 29 4,885 1,834 2,432 282 253 85 0 142 51 62 16 10 3 0
June 5 5,079 2,317 1,408 770 244 147 193 165 73 40 28 10 9 5
June 12 4,189 2,375 289 654 576 166 129 147 73 8 26 25 8 7
June 19* 6,857 5,532 360 230 514 59 162 205 158 10 7 22 4 4
Daily
June 9 2,813 1,504 0 639 135 151 384 118 60 0 30 7 8 13
June 10 3,796 1,026 833 968 839 101 30 143 38 27 34 35 5 4
June 11 2,650 212 511 929 704 291 2 86 7 11 31 26 10 1
June 12 6,982 5,664 0 404 509 206 199 210 141 0 18 30 14 7
June 15 6,857 5,532 360 230 514 59 162 205 158 10 7 22 4 4
* Data through June 15.
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* 12,501 7,702 1,464 1,392 1,279 284 380 791 438 91 102 112 31 16
Monthly average
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. 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* 12,286 7,650 1,169 1,660 1,259 203 345 710 374 65 108 128 25 10
Weekly (Friday) average
May 22 12,723 8,123 1,460 1,539 1,298 194 110 778 410 82 118 140 18 11
May 29 12,462 8,243 1,608 1,120 1,294 146 53 770 426 87 104 124 24 6
June 5 12,651 7,594 1,471 1,675 950 233 727 693 374 79 90 94 36 20
June 12 11,745 7,500 793 1,752 1,530 153 17 715 362 45 130 163 15 1
June 19* 13,169 8,681 1,536 1,125 1,450 308 70 763 436 87 88 128 21 3
Daily
June 9 10,588 6,889 1,074 1,197 1,328 100 0 674 351 82 76 154 11 0
June 10 12,927 7,463 783 2,069 2,350 236 25 810 356 44 134 256 18 2
June 11 11,723 7,854 698 1,919 1,163 89 0 706 371 31 173 125 6 0
June 12 12,381 7,570 312 2,641 1,634 164 60 778 359 11 204 169 32 3
June 15 13,169 8,681 1,536 1,125 1,450 308 70 763 436 87 88 128 21 3
* Data through June 15.
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* 4,878 4,608 97 49 27 9 88 137 128 3 1 1 0 4
Monthly average
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. 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* 5,665 5,090 184 55 28 5 303 166 140 5 1 1 0 19
Weekly (Friday) average
May 22 6,153 5,326 260 0 89 40 438 163 138 6 0 2 1 16
May 29 4,951 4,620 252 31 16 19 12 131 121 7 1 0 1 1
June 5 6,181 5,263 202 20 56 6 633 194 146 5 1 1 0 41
June 12 5,642 5,300 202 102 6 5 27 151 141 6 2 1 0 1
June 19* 3,200 3,175 0 0 0 0 25 101 100 0 0 0 0 1
Daily
June 9 5,300 5,300 0 0 0 0 0 123 123 0 0 0 0 0
June 10 6,425 5,585 610 175 0 0 55 168 148 13 5 0 0 2
June 11 6,190 5,800 0 335 0 0 55 168 159 0 7 0 0 2
June 12 4,944 4,514 400 0 30 0 0 151 132 16 0 3 0 0
June 15 3,200 3,175 0 0 0 0 25 101 100 0 0 0 0 1
* Data through June 15.
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* 19,594 12,361 4,032 422 562 461 1,757 563 342 114 13 19 16 58
Monthly average
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. 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* 21,516 14,107 3,630 498 826 444 2,011 605 376 107 15 29 14 63
Weekly (Friday) average
May 22 23,474 15,203 4,288 354 626 710 2,292 643 392 125 13 18 24 72
May 29 23,169 14,542 4,961 1,004 523 545 1,593 633 381 136 29 16 23 48
June 5 21,754 14,270 3,833 476 562 415 2,198 608 378 109 16 19 16 71
June 12 21,297 13,869 3,554 557 976 444 1,895 606 376 108 15 33 13 61
June 19* 21,423 14,480 2,989 313 1,398 587 1,655 585 370 95 8 61 13 38
Daily
June 9 23,486 13,793 6,552 250 973 443 1,475 740 372 218 6 56 11 77
June 10 22,643 13,074 3,986 630 1,011 906 3,036 642 353 122 16 34 31 86
June 11 21,307 13,710 3,967 545 235 304 2,546 580 371 114 15 7 8 65
June 12 20,338 14,579 1,422 1,332 888 325 1,793 537 380 35 35 23 9 55
June 15 21,423 14,480 2,989 313 1,398 587 1,655 585 370 95 8 61 13 38
* Data through June 15.
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* 121,194 75,084 18,974 5,881 6,743 3,333 11,179 4,732 2,666 643 338 419 179 487
Monthly average
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. 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* 131,948 86,085 16,724 8,228 7,695 2,716 10,500 4,881 2,806 554 412 462 160 487
Weekly (Friday) average
May 22 146,557 95,997 23,261 6,365 6,393 3,295 11,247 5,272 3,112 734 353 419 156 497
May 29 135,392 86,567 22,574 5,532 6,632 3,410 10,677 5,024 2,854 704 353 408 200 505
June 5 138,785 87,306 18,972 8,688 8,584 2,381 12,854 5,066 2,829 601 412 487 158 579
June 12 128,179 85,778 15,335 8,463 6,941 2,999 8,664 4,799 2,794 518 440 452 168 427
June 19* 116,610 81,513 12,430 4,757 7,026 2,981 7,903 4,362 2,753 497 271 385 129 327
Daily
June 9 129,510 86,406 19,558 6,006 5,707 2,849 8,984 4,926 2,757 755 314 430 139 531
June 10 136,760 85,336 22,290 8,839 7,777 3,815 8,703 4,949 2,733 680 443 497 200 396
June 11 135,540 88,899 17,972 9,439 6,083 2,011 11,135 4,942 2,822 573 492 434 135 486
June 12 120,927 83,986 6,817 13,469 5,949 2,445 8,261 4,636 2,791 222 686 406 168 363
June 15 116,610 81,513 12,430 4,757 7,026 2,981 7,903 4,362 2,753 497 271 385 129 327
* Data through June 15.

Footnotes

1. Millions of dollars.

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Last Update: June 16, 2026