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 5, 2026Posted June 8, 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* 5,140 2,107 1,706 655 318 238 115 164 67 47 25 12 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* 5,079 2,317 1,408 770 244 147 193 165 73 40 28 10 9 5
Weekly (Friday) average
May 8 6,198 2,188 2,558 762 218 336 135 192 65 66 29 11 17 5
May 15 4,564 1,575 1,843 184 165 719 80 145 55 46 9 8 24 3
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
Daily
June 1 6,533 4,173 160 1,444 579 127 50 191 124 4 43 14 5 1
June 2 4,324 3,061 220 854 78 66 44 137 92 8 27 4 5 1
June 3 4,167 2,519 846 450 89 113 150 170 95 26 19 14 13 3
June 4 3,879 1,542 306 1,001 436 374 220 151 46 20 46 17 15 7
June 5 6,491 288 5,509 100 36 58 500 174 7 140 4 3 5 15
* Data through June 5.
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* 12,530 7,702 1,494 1,378 1,265 290 400 795 442 93 101 110 32 17
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* 12,651 7,594 1,471 1,675 950 233 727 693 374 79 90 94 36 20
Weekly (Friday) average
May 8 13,627 7,261 1,779 1,411 930 374 1,872 786 360 109 106 91 38 83
May 15 11,607 7,442 1,431 1,272 987 421 55 727 376 97 88 99 65 2
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
Daily
June 1 12,394 8,655 1,663 764 1,048 263 0 724 411 86 57 146 24 0
June 2 11,702 7,766 2,103 1,189 543 100 0 608 389 97 63 33 26 0
June 3 15,139 8,113 2,110 3,759 833 188 137 769 413 124 125 64 36 7
June 4 14,765 7,222 949 1,282 1,661 176 3,475 813 348 65 100 163 44 93
June 5 9,254 6,216 530 1,382 664 436 25 553 308 25 107 63 48 2
* Data through June 5.
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* 4,859 4,589 93 47 28 9 92 137 127 3 1 1 0 5
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* 6,181 5,263 202 20 56 6 633 194 146 5 1 1 0 41
Weekly (Friday) average
May 8 5,324 5,048 107 65 22 28 55 146 138 3 2 1 1 1
May 15 5,185 4,898 201 22 24 0 40 136 127 6 1 1 0 1
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
Daily
June 1 5,569 5,494 0 0 50 0 25 155 153 0 0 1 0 1
June 2 5,810 5,465 0 75 150 0 120 177 163 0 2 3 0 9
June 3 6,290 5,200 610 25 30 0 425 170 124 16 1 1 0 28
June 4 7,413 5,230 0 0 0 0 2,182 289 153 0 0 0 0 136
June 5 5,821 4,926 400 0 50 30 415 180 139 10 0 1 1 29
* Data through June 5.
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* 19,499 12,271 4,063 417 535 460 1,752 560 341 115 13 18 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* 21,754 14,270 3,833 476 562 415 2,198 608 378 109 16 19 16 71
Weekly (Friday) average
May 8 19,591 13,052 4,050 510 418 204 1,357 547 348 120 13 13 6 47
May 15 21,634 14,258 4,422 337 312 536 1,769 631 391 127 14 15 27 58
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
Daily
June 1 20,357 13,848 2,163 858 816 816 1,856 540 354 53 19 30 31 53
June 2 22,708 13,250 6,371 476 549 169 1,893 642 376 180 15 14 4 53
June 3 21,179 13,330 4,745 306 610 273 1,915 592 345 128 14 26 12 67
June 4 25,910 17,712 3,730 254 443 335 3,434 716 449 108 12 14 9 124
June 5 18,617 13,209 2,158 486 391 480 1,893 551 366 74 22 10 22 57
* Data through June 5.
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* 120,913 74,530 19,203 5,772 6,732 3,352 11,325 4,732 2,659 650 334 418 180 492
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* 138,785 87,306 18,972 8,688 8,584 2,381 12,854 5,066 2,829 601 412 487 158 579
Weekly (Friday) average
May 8 123,761 76,855 19,055 6,688 5,727 3,350 12,086 4,662 2,581 637 340 404 176 525
May 15 131,192 84,122 22,204 5,082 4,212 3,805 11,767 4,945 2,817 729 304 333 259 502
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
Daily
June 1 137,078 90,677 12,173 8,591 11,931 2,975 10,731 4,804 2,889 368 363 620 131 433
June 2 149,366 88,807 27,534 6,213 9,594 1,846 15,371 5,333 2,892 888 350 461 145 597
June 3 139,414 86,169 24,061 9,651 7,150 2,013 10,370 5,114 2,805 727 417 451 183 531
June 4 144,616 89,900 16,406 8,683 8,795 2,883 17,948 5,470 2,850 567 454 515 190 894
June 5 123,450 80,978 14,686 10,302 5,448 2,186 9,849 4,611 2,711 453 476 388 142 441
* Data through June 5.

Footnotes

1. Millions of dollars.

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Last Update: June 8, 2026