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 November 10, 2026Posted November 12, 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* 5,535 2,548 1,616 611 387 264 109 177 78 44 23 16 11 4
Monthly average
2026-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. 6,988 2,800 2,483 908 489 215 93 225 87 67 38 21 9 4
Nov.* 6,850 4,454 863 563 594 361 15 207 115 25 18 28 19 1
Weekly (Friday) average
Oct. 16 6,982 1,794 3,222 957 716 183 110 210 50 81 38 30 7 4
Oct. 23 7,673 4,017 2,322 354 451 340 190 250 133 64 14 17 13 9
Oct. 30 5,695 2,415 1,936 584 450 298 11 179 77 48 18 19 15 1
Nov. 6 6,345 3,885 827 653 619 349 12 194 103 22 21 30 18 1
Nov. 13* 8,113 5,878 955 337 530 394 20 239 147 34 11 24 23 0
Daily
Nov. 5 4,266 232 973 1,040 1,318 701 2 148 13 21 35 51 27 1
Nov. 6 7,708 6,472 256 333 294 352 0 208 150 10 11 9 28 0
Nov. 9 7,838 6,032 881 5 436 485 0 235 153 29 1 22 30 0
Nov. 10 8,388 5,724 1,029 668 624 302 40 243 141 38 21 26 16 1
Nov. 11 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
* Data through November 10.
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* 12,140 7,475 1,414 1,311 1,283 319 338 736 407 84 93 109 31 13
Monthly average
2026-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. 10,794 6,182 1,374 1,144 1,376 318 400 660 365 72 76 108 27 11
Nov.* 10,891 6,384 1,430 1,531 1,203 320 24 654 358 76 89 88 40 3
Weekly (Friday) average
Oct. 16 11,035 6,643 1,667 993 1,404 249 80 718 396 83 69 130 36 3
Oct. 23 11,500 6,120 1,313 1,137 1,182 269 1,479 693 392 70 75 105 20 31
Oct. 30 10,808 6,322 1,423 1,074 1,435 463 91 685 397 78 68 103 31 8
Nov. 6 11,049 6,629 1,257 1,765 1,011 378 8 655 365 66 103 73 46 2
Nov. 13* 10,499 5,769 1,862 947 1,682 173 64 652 339 101 54 126 26 6
Daily
Nov. 5 10,271 5,950 1,096 2,079 983 152 11 678 345 67 133 85 45 3
Nov. 6 11,057 5,900 1,062 2,244 1,384 458 10 618 319 50 119 74 55 1
Nov. 9 9,914 5,747 1,618 910 1,394 118 128 635 358 91 54 102 17 13
Nov. 10 11,083 5,791 2,107 985 1,971 229 0 669 320 111 54 149 35 0
Nov. 11 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
* Data through November 10.
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* 5,087 4,797 113 42 22 15 98 142 132 3 1 1 0 5
Monthly average
2026-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. 5,065 4,839 99 45 10 27 45 135 129 3 1 0 1 2
Nov.* 4,897 4,601 135 57 0 34 70 141 131 4 1 0 1 4
Weekly (Friday) average
Oct. 16 5,346 5,172 115 0 6 10 43 144 138 2 0 0 1 2
Oct. 23 5,479 5,173 92 90 16 39 69 147 137 2 2 1 1 5
Oct. 30 4,059 3,827 147 0 0 36 49 116 109 4 0 0 1 2
Nov. 6 4,758 4,485 92 80 0 38 63 142 132 3 2 0 1 5
Nov. 13* 5,246 4,888 242 0 0 25 90 138 129 6 0 0 0 3
Daily
Nov. 5 5,075 5,015 0 0 0 50 10 157 153 0 0 0 2 2
Nov. 6 4,785 4,785 0 0 0 0 0 130 130 0 0 0 0 0
Nov. 9 4,980 4,800 0 0 0 0 180 126 120 0 0 0 0 6
Nov. 10 5,512 4,977 484 0 0 50 0 150 138 11 0 0 1 0
Nov. 11 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
* Data through November 10.
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* 21,727 14,130 4,365 414 609 475 1,735 608 381 122 13 21 15 57
Monthly average
2026-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. 26,599 17,949 5,216 447 634 479 1,875 717 465 142 13 23 15 59
Nov.* 25,088 16,963 4,571 406 823 630 1,696 709 455 123 15 26 23 68
Weekly (Friday) average
Oct. 16 28,881 18,702 6,552 312 678 486 2,151 774 484 174 12 24 12 68
Oct. 23 24,908 16,486 5,555 435 488 454 1,491 679 434 151 11 20 17 47
Oct. 30 26,695 18,800 4,187 421 852 470 1,964 694 467 111 14 27 13 62
Nov. 6 25,574 17,173 4,489 475 935 709 1,794 717 460 120 18 29 21 69
Nov. 13* 23,872 16,436 4,775 233 545 431 1,453 691 441 132 8 16 30 64
Daily
Nov. 5 27,585 16,967 7,130 190 770 734 1,794 760 443 179 12 25 23 78
Nov. 6 23,358 16,927 2,636 590 790 262 2,154 687 483 78 22 16 8 80
Nov. 9 21,136 16,603 2,581 0 527 170 1,255 582 438 72 0 13 4 55
Nov. 10 26,608 16,269 6,969 466 562 692 1,650 800 444 192 15 19 56 74
Nov. 11 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
* Data through November 10.
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* 130,572 83,112 20,450 5,806 6,887 3,371 10,946 4,856 2,791 667 324 418 182 474
Monthly average
2026-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. 141,119 89,659 23,566 6,501 7,309 2,948 11,136 5,068 2,909 730 345 449 173 463
Nov.* 138,481 86,837 20,571 6,127 9,640 4,021 11,287 4,941 2,828 652 308 468 202 484
Weekly (Friday) average
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. 23 133,281 81,772 25,665 6,143 5,743 3,166 10,792 4,965 2,839 795 306 393 183 448
Oct. 30 140,038 92,214 19,742 5,755 7,406 3,161 11,760 4,983 3,000 634 299 424 157 470
Nov. 6 136,452 85,167 20,010 6,445 9,573 3,496 11,760 4,904 2,794 624 335 466 182 503
Nov. 13* 143,555 91,012 21,971 5,329 9,806 5,332 10,104 5,034 2,912 720 240 473 253 435
Daily
Nov. 5 138,626 79,771 29,696 6,930 10,358 3,868 8,003 5,087 2,654 873 380 523 225 432
Nov. 6 137,044 94,141 17,163 5,719 8,409 2,481 9,132 4,739 2,993 491 300 376 165 414
Nov. 9 134,231 90,706 14,370 4,363 8,720 7,659 8,413 4,724 2,928 483 211 443 284 375
Nov. 10 152,879 91,318 29,572 6,296 10,891 3,006 11,795 5,343 2,895 958 270 503 222 495
Nov. 11 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
* Data through November 10.

Footnotes

1. Millions of dollars.

Back to Top
Last Update: November 12, 2026