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 January 14, 2026Posted January 15, 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* 5,310 3,479 849 325 467 179 11 174 109 26 14 15 9 0
Monthly average
2025-Aug. 4,300 2,103 1,441 475 164 84 33 165 86 47 20 7 4 1
Sept. 5,470 3,198 824 610 422 231 185 218 128 30 25 17 10 8
Oct. 4,506 2,483 999 423 340 150 110 180 103 35 18 14 5 5
Nov. 4,818 2,592 1,065 481 542 136 2 173 85 31 22 27 9 0
Dec. 4,446 2,714 578 489 341 281 43 157 92 18 19 16 10 2
2026-Jan.* 5,310 3,479 849 325 467 179 11 174 109 26 14 15 9 0
Weekly (Friday) average
Dec. 19 5,935 4,169 233 208 878 425 22 199 128 6 7 40 17 1
Dec. 26 1,655 1,270 155 126 56 11 38 67 56 4 5 1 0 1
Jan. 2 1,907 86 1,367 156 228 70 0 53 3 32 8 7 3 0
Jan. 9 5,369 4,051 279 262 582 196 0 181 123 15 14 18 11 0
Jan. 16* 4,836 3,686 315 422 203 177 33 165 122 12 14 9 8 1
Daily
Jan. 8 792 123 38 160 283 188 0 45 5 3 10 15 12 0
Jan. 9 5,974 5,380 185 233 104 73 0 196 160 14 14 3 5 0
Jan. 12 6,069 5,256 161 415 112 125 0 203 174 6 15 5 3 0
Jan. 13 6,646 5,689 323 520 20 95 0 238 188 18 18 3 11 0
Jan. 14 1,793 113 460 330 479 310 100 54 3 12 9 19 9 2
* Data through January 14.
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* 10,669 5,610 1,454 1,363 1,612 503 127 797 413 90 103 126 54 11
Monthly average
2025-Aug. 9,373 5,780 987 1,073 870 303 361 667 389 69 81 76 37 16
Sept. 9,644 5,996 1,260 939 707 634 108 681 414 83 70 60 42 13
Oct. 9,551 5,969 1,086 1,148 845 312 191 668 433 65 79 64 21 6
Nov. 9,698 5,923 1,048 1,156 752 319 500 646 403 61 74 55 38 15
Dec. 8,494 4,795 1,090 874 1,052 286 398 561 318 62 56 84 25 15
2026-Jan.* 10,669 5,610 1,454 1,363 1,612 503 127 797 413 90 103 126 54 11
Weekly (Friday) average
Dec. 19 10,832 5,255 928 981 1,681 446 1,541 624 327 44 58 111 39 44
Dec. 26 4,995 2,595 1,343 537 412 80 28 369 204 76 46 29 11 2
Jan. 2 7,346 3,949 1,346 795 1,025 187 44 496 290 84 41 64 13 4
Jan. 9 11,246 6,013 1,576 1,261 1,564 639 192 830 415 98 111 124 67 14
Jan. 16* 10,818 5,531 1,342 1,668 1,843 374 60 847 447 90 110 148 44 9
Daily
Jan. 8 11,088 5,845 1,460 1,671 1,187 654 271 824 431 108 106 86 79 14
Jan. 9 9,939 4,920 1,716 853 2,089 332 30 778 358 82 58 232 36 12
Jan. 12 11,850 5,783 1,304 1,061 3,054 582 65 927 426 85 110 222 77 7
Jan. 13 10,188 5,494 1,428 1,578 1,333 284 70 795 451 95 101 116 18 14
Jan. 14 10,415 5,315 1,293 2,364 1,142 255 46 820 464 89 119 105 36 7
* Data through January 14.
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* 5,268 5,000 81 62 50 24 50 147 137 2 1 2 1 4
Monthly average
2025-Aug. 5,173 4,861 206 12 41 4 49 142 131 6 0 1 0 4
Sept. 5,152 4,645 126 72 87 73 150 149 132 4 2 4 2 5
Oct. 4,478 4,082 115 121 92 14 54 137 123 4 3 3 1 2
Nov. 4,576 4,299 88 56 29 8 96 139 128 4 1 1 0 4
Dec. 4,611 4,359 85 49 55 5 58 133 124 3 2 2 0 3
2026-Jan.* 5,268 5,000 81 62 50 24 50 147 137 2 1 2 1 4
Weekly (Friday) average
Dec. 19 5,041 4,948 27 0 5 19 42 150 147 1 0 0 1 1
Dec. 26 4,787 4,499 156 0 100 0 31 136 128 5 0 2 0 1
Jan. 2 3,320 3,249 59 0 0 0 12 90 88 2 0 0 0 0
Jan. 9 5,305 5,062 99 14 51 0 79 151 140 3 0 2 0 6
Jan. 16* 5,462 5,098 45 164 65 72 18 154 143 2 4 2 2 1
Daily
Jan. 8 5,340 5,340 0 0 0 0 0 164 164 0 0 0 0 0
Jan. 9 5,365 5,300 0 0 65 0 0 155 152 0 0 3 0 0
Jan. 12 5,249 5,099 0 0 0 150 0 145 142 0 0 0 3 0
Jan. 13 5,550 5,445 0 0 0 50 56 169 164 0 0 0 1 4
Jan. 14 5,587 4,750 136 491 195 14 0 147 123 5 11 5 3 0
* Data through January 14.
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* 17,485 10,772 3,331 498 530 575 1,779 543 332 100 16 18 16 61
Monthly average
2025-Aug. 20,993 14,148 3,802 378 670 366 1,629 633 419 104 12 27 13 58
Sept. 21,156 14,070 3,923 449 756 404 1,553 636 419 105 15 28 15 56
Oct. 20,338 13,448 3,827 497 897 323 1,346 610 403 107 15 31 11 43
Nov. 19,565 12,046 4,014 463 488 523 2,031 587 358 111 14 17 16 72
Dec. 19,832 12,776 3,446 478 634 456 2,043 594 377 92 16 23 16 69
2026-Jan.* 17,485 10,772 3,331 498 530 575 1,779 543 332 100 16 18 16 61
Weekly (Friday) average
Dec. 19 19,938 13,317 2,630 604 612 299 2,476 577 368 70 25 25 9 80
Dec. 26 18,090 11,820 4,153 383 765 164 806 525 357 106 10 26 4 22
Jan. 2 17,013 11,218 3,755 422 521 81 1,015 528 351 99 21 18 3 36
Jan. 9 17,768 10,722 3,317 411 491 780 2,046 545 322 102 13 16 20 71
Jan. 16* 17,864 11,163 3,992 491 403 376 1,439 542 339 116 13 15 13 46
Daily
Jan. 8 15,888 12,676 805 292 191 454 1,470 494 369 39 7 13 14 52
Jan. 9 14,903 9,606 2,574 559 342 174 1,647 492 310 84 22 8 10 58
Jan. 12 16,349 11,143 2,065 586 562 152 1,841 530 362 68 13 17 8 62
Jan. 13 17,191 9,294 6,096 0 81 312 1,408 514 296 160 0 11 9 38
Jan. 14 20,051 13,050 3,816 886 566 664 1,068 583 360 120 27 16 21 39
* Data through January 14.
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* 114,962 68,014 15,775 5,355 8,312 4,826 12,681 4,753 2,587 561 322 488 266 528
Monthly average
2025-Aug. 129,500 89,191 16,680 4,808 6,730 2,823 9,267 5,097 3,205 588 293 425 181 405
Sept. 122,891 80,035 16,965 5,543 7,016 3,031 10,301 5,059 3,065 629 325 404 176 462
Oct. 111,047 68,035 16,232 6,620 7,400 2,589 10,172 4,779 2,776 590 378 433 157 444
Nov. 104,655 61,154 15,975 5,999 6,578 3,785 11,165 4,507 2,490 567 346 407 229 467
Dec. 101,253 60,963 15,294 5,504 6,398 3,134 9,960 4,142 2,384 533 285 372 164 404
2026-Jan.* 114,962 68,014 15,775 5,355 8,312 4,826 12,681 4,753 2,587 561 322 488 266 528
Weekly (Friday) average
Dec. 19 108,659 66,725 10,632 7,689 9,826 3,108 10,679 4,442 2,541 355 368 570 177 431
Dec. 26 79,930 50,272 17,305 3,688 3,545 794 4,326 3,090 1,930 572 173 182 50 183
Jan. 2 82,537 49,090 16,789 3,545 4,886 1,396 6,831 3,289 2,000 544 203 226 73 242
Jan. 9 116,755 67,997 15,848 5,218 9,326 5,299 13,068 4,802 2,559 565 318 517 293 550
Jan. 16* 120,692 74,259 16,118 5,752 7,119 4,959 12,486 5,116 2,836 601 360 503 274 543
Daily
Jan. 8 113,436 68,555 11,407 7,556 9,450 5,267 11,201 4,827 2,610 450 379 572 308 508
Jan. 9 106,737 67,806 13,617 4,749 6,907 3,816 9,842 4,553 2,580 489 286 471 244 483
Jan. 12 118,260 76,587 11,547 5,493 8,282 4,977 11,373 5,046 2,926 467 396 492 261 504
Jan. 13 123,119 74,390 20,738 4,739 6,088 5,232 11,932 5,224 2,856 713 268 530 312 545
Jan. 14 120,697 71,799 16,069 7,022 6,988 4,668 14,151 5,079 2,726 622 415 488 248 580
* Data through January 14.

Footnotes

1. Millions of dollars.

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Last Update: January 15, 2026