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 April 6, 2026Posted April 7, 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* 5,182 2,212 1,540 702 390 225 113 168 71 43 26 15 9 4
Monthly average
2025-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. 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.* 5,766 1,581 1,812 1,283 506 462 122 183 46 51 43 16 18 10
Weekly (Friday) average
Mar. 13 5,296 1,766 2,388 602 309 137 93 160 54 62 24 10 6 3
Mar. 20 7,336 2,347 2,757 976 381 555 320 225 67 75 33 19 20 12
Mar. 27 5,724 2,557 1,174 1,281 427 244 40 181 73 36 45 18 8 1
Apr. 3 4,654 548 1,819 1,080 627 463 117 163 24 56 38 20 18 7
Apr. 10* 7,900 5,432 1,500 433 214 225 96 227 145 47 13 12 5 5
Daily
Mar. 31 4,485 734 1,559 430 890 682 190 162 31 56 18 31 22 4
Apr. 1 6,807 391 1,392 2,523 1,409 804 288 220 16 38 84 35 29 18
Apr. 2 8,359 501 4,358 2,176 399 820 105 286 24 118 76 17 36 15
Apr. 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Apr. 6 7,900 5,432 1,500 433 214 225 96 227 145 47 13 12 5 5
* Data through April 6.
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* 12,808 7,942 1,450 1,372 1,367 297 379 843 493 92 99 111 31 17
Monthly average
2025-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. 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.* 9,349 5,073 1,368 829 1,563 454 62 552 260 68 51 108 57 8
Weekly (Friday) average
Mar. 13 13,272 8,115 1,128 1,171 1,276 289 1,293 788 448 97 74 106 32 31
Mar. 20 14,088 9,185 1,785 1,485 1,329 204 99 832 460 112 119 115 17 9
Mar. 27 12,784 8,375 1,369 999 1,702 228 111 750 423 78 63 154 25 8
Apr. 3 9,482 5,395 1,474 797 1,339 389 87 576 276 85 48 105 54 8
Apr. 10* 10,437 6,428 1,136 777 1,817 223 55 642 339 55 42 181 19 6
Daily
Mar. 31 10,408 5,913 2,108 903 1,086 294 103 711 325 142 47 131 57 9
Apr. 1 13,114 6,062 2,458 1,220 2,725 575 74 650 280 96 72 152 42 8
Apr. 2 13,845 7,804 1,878 1,317 1,708 1,018 120 917 419 122 91 100 167 18
Apr. 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Apr. 6 10,437 6,428 1,136 777 1,817 223 55 642 339 55 42 181 19 6
* Data through April 6.
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* 4,622 4,439 51 53 24 8 47 133 127 2 1 1 0 3
Monthly average
2025-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. 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.* 3,793 3,400 96 42 125 8 122 117 104 3 1 6 0 3
Weekly (Friday) average
Mar. 13 4,492 4,259 27 132 6 10 57 126 119 1 3 0 0 3
Mar. 20 4,433 4,283 27 30 0 15 78 135 128 1 1 0 0 5
Mar. 27 5,298 5,097 107 80 0 0 14 151 145 4 2 0 0 0
Apr. 3 3,778 3,486 77 34 90 0 90 115 105 2 1 4 0 2
Apr. 10* 4,355 4,238 0 0 50 30 37 125 122 0 0 1 1 1
Daily
Mar. 31 2,750 2,750 0 0 0 0 0 62 62 0 0 0 0 0
Apr. 1 5,879 4,880 235 80 284 0 400 190 156 7 2 14 0 11
Apr. 2 4,939 4,482 150 90 167 0 50 153 137 5 3 7 0 1
Apr. 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Apr. 6 4,355 4,238 0 0 50 30 37 125 122 0 0 1 1 1
* Data through April 6.
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* 18,192 11,094 3,953 398 547 451 1,750 537 321 111 12 19 15 58
Monthly average
2025-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. 17,331 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.* 14,626 8,754 3,622 279 643 384 944 414 236 100 9 16 18 34
Weekly (Friday) average
Mar. 13 19,402 11,452 4,794 249 837 213 1,857 540 320 126 7 24 7 56
Mar. 20 18,711 11,203 3,553 369 393 440 2,753 544 318 98 10 17 13 89
Mar. 27 19,348 11,937 3,889 341 605 395 2,181 556 335 112 10 17 11 69
Apr. 3 15,914 9,705 3,964 384 666 318 876 452 266 108 12 19 14 33
Apr. 10* 16,290 10,715 2,790 275 480 471 1,560 455 296 73 11 11 22 42
Daily
Mar. 31 18,999 11,766 5,401 477 517 186 652 550 347 142 15 19 7 20
Apr. 1 21,482 12,320 5,337 720 1,231 642 1,232 602 322 151 16 31 34 48
Apr. 2 20,732 11,981 6,361 121 860 422 987 598 327 175 10 24 15 47
Apr. 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Apr. 6 16,290 10,715 2,790 275 480 471 1,560 455 296 73 11 11 22 42
* Data through April 6.
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* 114,527 69,310 18,299 5,615 6,970 3,327 11,005 4,652 2,613 637 325 423 176 478
Monthly average
2025-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. 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.* 89,474 49,542 17,018 5,402 7,425 2,908 7,178 3,444 1,718 540 274 392 173 348
Weekly (Friday) average
Mar. 13 116,321 69,586 20,865 5,564 6,912 2,017 11,376 4,452 2,464 737 279 365 125 482
Mar. 20 121,164 72,625 20,999 6,320 6,216 4,035 10,968 4,743 2,591 748 369 410 188 437
Mar. 27 122,248 75,467 17,984 6,421 7,671 3,546 11,160 4,661 2,643 598 300 476 154 490
Apr. 3 92,967 54,413 17,427 4,902 7,290 2,723 6,212 3,541 1,860 572 250 390 159 310
Apr. 10* 100,161 67,831 10,333 4,878 6,694 2,293 8,133 3,892 2,343 332 293 435 110 379
Daily
Mar. 31 97,620 63,086 17,680 3,428 7,097 2,532 3,796 3,813 2,178 614 213 412 142 254
Apr. 1 129,534 65,464 25,389 8,584 13,113 5,089 11,895 4,855 2,210 860 376 630 254 525
Apr. 2 127,665 64,420 32,283 8,145 9,894 4,250 8,674 4,962 2,304 963 424 503 316 452
Apr. 3 534 454 65 0 1 2 13 67 14 3 2 2 11 35
Apr. 6 100,161 67,831 10,333 4,878 6,694 2,293 8,133 3,892 2,343 332 293 435 110 379
* Data through April 6.

Footnotes

1. Millions of dollars.

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Last Update: April 7, 2026