Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download FRED XML

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of October 22, 2026Posted October 23, 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* 5,467 2,494 1,610 615 378 257 114 175 77 44 23 16 10 4
Monthly average
2026-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 5,235 2,724 1,551 346 322 208 84 157 81 42 11 13 7 3
Aug. 5,413 2,883 1,216 421 371 353 169 176 91 32 16 17 14 6
Sept. 6,689 3,444 1,723 665 349 387 120 208 99 50 21 15 16 6
Oct.* 7,266 3,070 2,392 1,047 503 141 113 238 93 67 46 22 6 4
Weekly (Friday) average
Sept. 25 7,868 4,222 1,754 935 534 369 54 246 128 57 29 17 13 3
Oct. 2 5,277 1,869 1,845 1,039 370 154 0 178 53 51 49 20 5 0
Oct. 9 7,073 3,392 1,855 1,166 455 102 103 236 100 57 50 20 5 3
Oct. 16 6,982 1,794 3,222 957 716 183 110 210 50 81 38 30 7 4
Oct. 23* 7,272 4,854 1,257 329 446 199 187 244 157 39 14 17 9 8
Daily
Oct. 16 8,330 129 7,212 130 802 57 0 222 10 169 7 31 5 0
Oct. 19 7,597 4,853 1,877 200 667 0 0 227 143 55 7 22 0 0
Oct. 20 8,778 7,271 678 244 424 154 7 305 240 18 16 21 9 1
Oct. 21 7,056 4,250 1,495 792 314 112 93 228 137 49 21 7 11 3
Oct. 22 5,657 3,041 976 81 380 530 649 215 108 35 12 18 15 27
* Data through October 22.
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* 12,227 7,546 1,416 1,312 1,281 315 357 740 409 84 94 110 31 14
Monthly average
2026-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 12,820 7,718 1,287 1,353 1,651 441 370 722 380 71 92 138 30 10
Aug. 11,416 7,186 1,349 1,212 1,057 296 316 638 345 78 86 86 32 11
Sept. 11,879 7,612 1,470 1,030 1,130 344 292 675 384 82 70 91 33 15
Oct.* 10,852 6,129 1,383 1,190 1,355 267 528 651 353 71 80 108 27 12
Weekly (Friday) average
Sept. 25 12,026 7,439 1,213 982 1,140 470 782 667 377 76 78 76 42 19
Oct. 2 10,570 6,689 1,244 892 1,399 337 9 585 347 67 55 89 27 1
Oct. 9 9,525 5,622 1,158 1,228 1,225 254 38 573 297 62 90 97 25 2
Oct. 16 11,035 6,643 1,667 993 1,404 249 80 718 396 83 69 130 36 3
Oct. 23* 11,912 6,079 1,394 1,223 1,128 249 1,839 700 392 73 80 96 22 38
Daily
Oct. 16 11,118 7,535 973 740 1,524 75 270 667 426 54 51 117 9 10
Oct. 19 10,518 6,151 1,446 1,313 1,191 368 50 667 381 70 84 113 18 1
Oct. 20 9,884 6,287 1,424 1,174 873 126 0 652 413 76 70 79 14 0
Oct. 21 13,891 5,797 1,260 1,735 893 373 3,833 722 362 56 111 74 40 79
Oct. 22 13,354 6,081 1,444 669 1,556 130 3,474 759 413 89 55 117 14 71
* Data through October 22.
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* 5,118 4,825 112 43 23 14 101 143 132 3 1 1 0 5
Monthly average
2026-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 5,465 5,162 121 52 34 13 83 148 138 4 1 1 1 3
Aug. 5,436 5,118 154 15 27 14 109 156 143 5 0 1 0 6
Sept. 5,682 5,364 158 22 5 35 98 157 145 4 1 0 1 7
Oct.* 5,391 5,151 90 63 14 26 46 141 134 2 1 0 1 2
Weekly (Friday) average
Sept. 25 5,911 5,576 142 60 8 100 25 153 145 3 2 0 2 1
Oct. 2 5,196 4,913 57 40 0 30 156 139 125 2 1 0 1 10
Oct. 9 5,287 5,112 57 60 20 32 5 138 134 1 1 0 1 0
Oct. 16 5,346 5,172 115 0 6 10 43 144 138 2 0 0 1 2
Oct. 23* 5,546 5,163 115 112 20 49 86 148 135 2 2 1 2 6
Daily
Oct. 16 5,486 5,195 100 0 0 30 161 136 127 2 0 0 3 4
Oct. 19 5,444 5,048 250 50 0 96 0 125 116 5 1 0 3 0
Oct. 20 5,694 5,195 0 0 80 75 344 161 131 0 0 3 2 25
Oct. 21 5,840 5,205 210 400 0 25 0 156 142 5 8 0 1 0
Oct. 22 5,205 5,205 0 0 0 0 0 152 152 0 0 0 0 0
* Data through October 22.
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* 21,489 13,912 4,366 413 597 468 1,733 603 376 122 13 20 15 57
Monthly average
2026-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 22,119 15,179 4,132 319 659 432 1,398 609 401 114 10 22 12 50
Aug. 22,269 14,946 4,270 315 601 448 1,688 617 397 118 10 20 15 58
Sept. 26,121 17,262 5,457 491 726 584 1,601 699 448 146 15 24 17 49
Oct.* 26,893 17,845 5,668 442 584 458 1,894 732 469 155 13 22 14 60
Weekly (Friday) average
Sept. 25 27,048 17,618 4,892 610 1,059 1,110 1,759 720 456 132 18 34 31 48
Oct. 2 26,713 17,924 4,949 569 875 389 2,008 731 475 137 18 28 12 60
Oct. 9 26,481 18,044 5,166 382 517 555 1,816 726 478 144 12 21 18 53
Oct. 16 28,881 18,702 6,552 312 678 486 2,151 774 484 174 12 24 12 68
Oct. 23* 25,708 16,794 6,050 383 540 361 1,580 696 444 160 10 21 12 49
Daily
Oct. 16 24,079 17,356 3,794 180 301 505 1,942 643 441 113 11 15 13 50
Oct. 19 23,719 16,778 4,743 77 670 863 588 662 470 117 5 23 25 22
Oct. 20 23,739 15,040 5,782 295 459 279 1,884 646 396 151 8 15 11 65
Oct. 21 24,767 15,843 5,779 521 391 128 2,105 702 426 176 11 18 6 65
Oct. 22 30,607 19,516 7,894 639 641 175 1,742 772 485 195 15 27 5 45
* Data through October 22.
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* 130,139 82,802 20,464 5,796 6,787 3,355 10,935 4,852 2,785 668 325 417 183 475
Monthly average
2026-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 142,053 94,123 21,414 5,246 7,046 3,806 10,417 5,012 2,972 666 300 426 190 457
Aug. 135,608 89,909 20,498 5,464 5,873 3,423 10,441 4,787 2,822 638 304 366 209 449
Sept. 147,796 98,053 23,750 5,637 6,784 3,378 10,194 5,151 3,081 765 287 395 177 445
Oct.* 143,169 89,818 25,061 6,791 7,419 2,868 11,214 5,134 2,892 763 364 463 181 472
Weekly (Friday) average
Sept. 25 153,139 99,606 23,610 5,784 8,155 4,766 11,218 5,283 3,146 782 272 422 213 447
Oct. 2 141,875 93,466 22,484 5,138 7,669 2,863 10,256 4,890 2,897 694 272 453 157 416
Oct. 9 140,080 90,629 21,090 6,867 7,982 2,698 10,813 5,063 2,846 664 390 504 177 482
Oct. 16 148,594 94,385 26,435 6,245 7,518 2,643 11,368 5,264 3,029 805 340 446 175 470
Oct. 23* 137,656 83,589 27,016 6,206 5,882 3,185 11,777 5,084 2,873 814 312 402 198 486
Daily
Oct. 16 138,040 94,447 18,995 5,465 7,561 1,967 9,605 4,961 3,128 580 312 451 85 405
Oct. 19 131,495 84,098 24,488 5,833 6,201 3,430 7,445 4,837 2,900 699 272 351 199 416
Oct. 20 140,190 84,714 26,778 6,313 5,334 4,231 12,820 5,155 2,933 797 348 365 190 522
Oct. 21 131,019 83,050 20,690 7,230 5,008 2,482 12,560 4,893 2,809 686 357 344 205 492
Oct. 22 147,919 82,494 36,110 5,448 6,986 2,600 14,282 5,450 2,849 1,073 273 546 196 513
* Data through October 22.

Footnotes

1. Millions of dollars.

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Last Update: October 23, 2026