Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of September 21, 2023Posted September 22, 2023

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
2021 3,556 2,429 252 214 172 272 218 127 81 10 9 8 11 9
2022 4,359 3,230 319 237 297 195 80 157 109 13 10 13 8 3
2023* 3,459 2,669 196 189 220 94 92 122 89 7 8 10 4 4
Monthly average
2023-Apr. 2,434 1,990 13 37 276 71 47 94 72 1 3 13 3 3
May 5,288 4,246 206 106 404 134 192 184 134 7 5 16 7 14
June 1,249 808 59 50 136 188 8 53 34 3 3 7 7 0
July 4,139 3,508 310 102 171 49 0 133 111 9 4 7 1 0
Aug. 4,681 3,926 293 135 188 95 44 149 122 8 6 8 4 1
Sept.* 4,563 3,420 356 123 222 209 233 152 111 9 5 10 9 7
Weekly (Friday) average
Aug. 25 5,963 5,622 158 59 75 48 1 195 180 6 2 5 2 0
Sept. 1 4,343 3,076 524 365 342 15 21 144 103 14 13 13 0 1
Sept. 8 4,426 3,218 458 87 150 51 464 134 98 10 4 7 2 14
Sept. 15 3,893 2,863 80 221 305 265 158 142 103 3 8 11 12 5
Sept. 22* 5,760 5,009 38 67 181 338 128 186 152 2 4 10 13 5
Daily
Sept. 15 1,381 177 0 145 305 554 200 52 11 0 4 9 24 4
Sept. 18 10,309 9,726 54 0 96 10 423 306 282 4 0 4 1 15
Sept. 19 8,380 7,502 75 125 253 424 0 259 220 4 3 13 19 0
Sept. 20 3,498 2,734 0 47 146 572 0 141 105 0 6 7 23 0
Sept. 21 854 72 25 96 229 345 88 40 3 1 8 15 9 4
* Data through September 21.
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
2021 5,442 3,473 576 423 570 209 190 436 251 53 43 56 19 14
2022 10,100 6,494 1,125 958 1,006 317 200 775 452 94 91 97 30 11
2023* 10,194 6,553 1,148 979 1,075 215 224 859 471 95 100 149 31 14
Monthly average
2023-Apr. 8,512 5,515 747 861 1,106 139 144 797 427 69 93 166 21 22
May 10,315 6,635 1,011 790 1,099 349 432 892 491 88 79 153 56 25
June 9,059 5,975 1,135 837 911 160 41 744 409 89 83 137 21 5
July 9,545 6,084 968 940 1,027 154 373 810 410 80 104 173 29 15
Aug. 8,741 5,652 1,188 794 873 172 62 772 428 99 91 122 26 5
Sept.* 9,954 6,695 1,146 933 898 243 39 840 482 86 92 132 45 4
Weekly (Friday) average
Aug. 25 7,597 4,875 952 670 975 90 35 679 395 76 78 116 10 3
Sept. 1 8,904 5,700 1,376 959 674 138 57 806 435 109 109 113 34 6
Sept. 8 10,716 6,912 1,382 985 1,197 180 60 874 478 106 94 157 36 4
Sept. 15 9,701 6,177 1,101 1,045 924 401 53 880 458 82 103 159 72 5
Sept. 22* 9,646 7,167 1,088 555 677 150 9 798 525 78 75 93 25 1
Daily
Sept. 15 9,863 7,172 942 1,121 492 105 30 788 499 50 98 96 44 1
Sept. 18 8,821 7,086 636 699 384 8 8 735 515 58 77 83 1 1
Sept. 19 10,374 7,580 1,180 529 762 295 27 913 542 76 116 114 61 4
Sept. 20 9,680 6,963 1,119 624 846 128 0 796 535 74 75 99 13 0
Sept. 21 9,709 7,040 1,417 368 714 170 0 748 508 105 33 77 25 0
* Data through September 21.
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
2021 7,199 6,789 123 35 33 40 178 178 161 6 1 1 1 8
2022 9,562 8,408 596 118 224 88 128 246 206 18 4 7 3 9
2023* 8,046 7,018 579 122 148 93 85 223 189 18 3 4 3 6
Monthly average
2023-Apr. 7,441 6,333 690 185 200 1 32 215 181 21 5 5 0 2
May 9,007 8,005 354 304 270 63 11 250 219 13 7 8 2 1
June 7,943 7,047 353 134 55 116 237 221 190 10 3 2 3 14
July 7,981 6,791 635 58 223 163 110 222 185 20 2 5 4 6
Aug. 8,457 7,574 556 54 116 100 58 231 203 18 2 3 3 4
Sept.* 8,312 7,091 507 95 59 451 108 226 188 18 3 1 12 5
Weekly (Friday) average
Aug. 25 8,629 7,857 713 0 20 0 40 237 207 21 0 0 0 8
Sept. 1 7,482 6,795 214 100 343 20 10 196 179 6 3 7 0 0
Sept. 8 7,396 6,678 445 56 109 0 109 196 173 15 2 2 0 4
Sept. 15 8,932 7,318 584 133 0 762 135 241 194 21 4 0 19 4
Sept. 22* 8,636 7,312 601 0 28 600 96 242 196 20 0 1 17 8
Daily
Sept. 15 10,133 7,793 125 605 0 1,610 0 268 208 3 18 0 39 0
Sept. 18 8,039 6,729 100 0 110 1,100 0 211 173 2 0 3 33 0
Sept. 19 10,052 7,477 1,175 0 0 1,300 100 262 192 32 0 0 36 2
Sept. 20 8,233 7,372 577 0 0 0 284 260 202 29 0 0 0 29
Sept. 21 8,218 7,668 550 0 0 0 0 237 218 19 0 0 0 0
* Data through September 21.
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
2021 15,774 11,043 1,871 297 659 418 1,487 529 358 61 10 24 15 61
2022 16,982 11,030 2,697 541 918 483 1,314 535 336 77 16 31 16 58
2023* 15,974 9,649 3,201 449 862 453 1,359 500 300 89 15 28 14 54
Monthly average
2023-Apr. 14,100 8,259 3,071 485 784 429 1,072 461 270 86 16 28 13 48
May 14,960 8,678 3,357 383 745 364 1,434 475 277 92 15 25 11 56
June 17,309 9,867 3,821 533 875 725 1,487 540 309 103 17 29 21 60
July 16,229 9,293 3,651 339 903 588 1,454 507 292 100 11 28 18 58
Aug. 16,002 9,509 3,454 417 814 479 1,330 503 301 92 15 26 15 54
Sept.* 16,781 9,629 3,739 464 944 574 1,431 521 299 105 15 32 18 52
Weekly (Friday) average
Aug. 25 16,235 9,831 3,589 361 1,035 405 1,013 510 307 96 14 32 13 47
Sept. 1 16,462 9,610 3,579 405 748 469 1,651 514 304 94 16 24 13 63
Sept. 8 16,973 9,271 4,462 379 945 648 1,267 520 289 125 11 27 19 50
Sept. 15 16,607 9,900 3,417 524 939 453 1,375 527 314 97 17 34 16 49
Sept. 22* 16,312 9,657 3,176 467 1,087 574 1,351 500 292 92 14 38 17 47
Daily
Sept. 15 18,450 9,870 4,088 1,001 1,181 351 1,959 594 330 118 37 37 13 59
Sept. 18 13,719 10,515 921 237 546 343 1,158 433 315 32 9 30 12 35
Sept. 19 14,246 9,058 2,811 309 732 196 1,139 446 290 78 13 23 5 37
Sept. 20 17,679 9,081 5,210 220 1,265 527 1,377 524 269 143 9 34 16 53
Sept. 21 19,605 9,973 3,762 1,101 1,808 1,231 1,729 596 293 114 27 64 36 62
* Data through September 21.
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
2021 98,211 67,992 11,502 3,043 4,514 2,787 8,373 3,671 2,262 413 176 263 146 411
2022 121,237 83,340 14,203 4,945 6,919 3,738 8,093 4,541 2,744 516 287 380 187 426
2023* 115,607 78,355 15,072 4,620 6,680 2,747 8,132 4,663 2,744 545 292 481 171 429
Monthly average
2023-Apr. 106,187 70,401 13,628 4,343 6,955 2,388 8,473 4,467 2,552 486 293 550 150 436
May 121,808 84,112 15,738 4,170 6,572 2,838 8,378 4,894 2,942 553 246 488 209 456
June 116,622 78,094 16,288 4,744 6,468 2,768 8,259 4,587 2,703 564 280 453 154 433
July 117,062 77,836 17,287 3,827 6,081 3,135 8,896 4,736 2,717 586 278 508 178 469
Aug. 116,424 80,467 16,987 3,566 5,825 2,381 7,198 4,635 2,779 601 260 440 154 402
Sept.* 123,948 82,841 16,914 5,055 6,813 3,701 8,623 4,933 2,890 607 310 478 203 445
Weekly (Friday) average
Aug. 25 116,349 82,348 18,521 3,218 5,411 1,455 5,396 4,598 2,867 638 228 431 108 327
Sept. 1 112,751 77,206 15,559 4,727 7,084 1,966 6,210 4,656 2,705 578 310 532 158 373
Sept. 8 124,412 82,583 19,278 3,983 7,051 2,983 8,533 4,860 2,855 678 250 438 172 467
Sept. 15 122,201 81,111 15,924 5,529 6,731 4,527 8,379 5,001 2,856 588 358 534 242 423
Sept. 22* 126,380 86,546 15,525 5,274 6,372 3,718 8,944 4,938 3,013 565 304 426 187 443
Daily
Sept. 15 124,076 80,169 13,906 8,749 6,518 7,497 7,236 5,069 2,897 550 544 471 266 341
Sept. 18 115,973 90,891 6,769 5,006 3,688 3,019 6,600 4,435 3,111 290 264 292 142 336
Sept. 19 132,759 89,292 19,640 5,541 5,610 4,255 8,422 5,085 3,086 685 378 356 209 371
Sept. 20 127,476 82,576 18,652 3,471 8,221 3,128 11,427 4,999 2,882 678 209 513 168 549
Sept. 21 129,313 83,424 17,040 7,080 7,971 4,470 9,328 5,233 2,973 608 365 541 230 516
* Data through September 21.

Footnotes

1. Millions of dollars.

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Last Update: September 22, 2023