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 10, 2025Posted April 11, 2025

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
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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
2023 3,510 2,629 291 186 213 106 85 122 88 9 8 9 4 4
2024 3,646 2,214 709 291 232 141 59 129 77 22 11 9 6 4
2025* 3,913 2,085 657 291 451 241 189 132 68 20 11 18 9 7
Monthly average
2024-Nov. 3,993 2,231 701 657 236 108 59 137 73 22 23 9 6 4
Dec. 3,920 2,566 653 317 274 79 32 129 86 18 12 9 2 2
2025-Jan. 3,473 2,079 878 173 141 179 22 113 67 26 7 6 7 1
Feb. 4,147 2,170 765 351 440 243 179 137 72 22 13 15 8 6
Mar. 3,900 1,904 497 352 612 208 327 135 59 15 14 24 9 15
Apr.* 4,549 2,375 236 296 865 488 288 165 86 9 10 36 17 7
Weekly (Friday) average
Mar. 14 3,936 789 597 882 1,248 161 259 139 23 21 33 47 5 10
Mar. 21 4,071 2,514 578 207 214 346 211 133 72 18 9 10 14 10
Mar. 28 4,442 2,597 431 125 494 193 601 152 80 14 6 23 6 24
Apr. 4 3,762 2,149 125 223 695 225 346 137 73 6 8 28 8 14
Apr. 11* 4,729 2,148 316 488 862 695 219 180 86 10 16 38 24 6
Daily
Apr. 4 5,431 4,398 105 114 584 184 45 167 117 6 6 26 8 4
Apr. 7 5,395 4,068 165 258 623 281 0 224 168 7 13 27 9 0
Apr. 8 6,413 4,257 350 382 1,068 355 0 259 165 16 14 51 13 0
Apr. 9 3,825 209 250 513 1,252 1,171 430 129 8 5 20 53 34 9
Apr. 10 3,283 60 500 800 504 971 447 108 3 14 16 20 42 13
* Data through April 10.
A2/P2 nonfinancial
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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
2023 10,274 6,688 1,183 921 1,060 241 181 838 471 93 91 140 31 12
2024 10,068 6,639 1,251 805 782 438 154 674 410 82 65 74 35 8
2025* 10,627 6,923 1,306 870 881 373 274 678 393 91 67 79 38 10
Monthly average
2024-Nov. 9,079 5,668 1,170 1,117 624 401 98 599 365 79 79 47 26 3
Dec. 8,980 5,666 1,174 684 656 483 318 584 352 79 54 63 28 9
2025-Jan. 10,444 6,573 1,416 934 919 385 218 664 377 92 71 80 39 6
Feb. 11,464 7,200 1,611 1,002 890 389 373 738 420 105 70 84 43 14
Mar. 10,650 7,295 1,108 810 837 288 313 675 405 89 67 75 26 13
Apr.* 9,062 6,207 810 547 878 530 89 586 343 58 50 74 55 5
Weekly (Friday) average
Mar. 14 11,660 6,938 1,169 1,165 847 434 1,108 713 397 99 88 74 29 26
Mar. 21 10,769 7,629 1,140 822 982 160 37 699 406 99 83 90 19 3
Mar. 28 9,602 7,325 862 583 507 317 6 626 421 62 54 57 31 1
Apr. 4 9,162 6,417 805 496 746 624 74 600 356 72 41 54 71 5
Apr. 11* 8,863 6,094 742 589 1,013 338 87 578 346 46 55 98 29 4
Daily
Apr. 4 7,666 6,039 678 556 289 104 0 452 326 37 56 17 16 0
Apr. 7 8,234 5,894 528 531 808 366 107 475 325 27 35 53 27 8
Apr. 8 8,166 5,992 609 870 562 103 30 568 338 51 96 72 8 3
Apr. 9 8,649 5,841 1,008 405 793 602 0 563 355 62 35 66 45 0
Apr. 10 10,403 6,647 824 548 1,890 282 210 707 365 45 53 201 36 7
* Data through April 10.
AA financial
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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
2023 7,628 6,657 581 102 130 82 76 209 178 18 3 3 2 5
2024 4,778 4,427 189 38 64 10 50 127 116 6 1 2 0 2
2025* 3,477 3,090 225 72 23 10 57 83 72 6 2 1 0 3
Monthly average
2024-Nov. 4,940 4,472 292 58 49 19 50 134 120 7 2 2 1 2
Dec. 4,487 3,934 176 137 31 8 200 128 109 5 4 1 0 8
2025-Jan. 3,334 2,823 316 81 35 17 63 84 69 8 2 1 1 3
Feb. 3,657 3,144 333 113 26 4 36 88 75 8 3 1 0 2
Mar. 3,468 3,307 64 22 7 8 61 80 74 2 0 0 0 3
Apr.* 3,448 3,094 152 88 23 9 82 79 68 4 2 1 0 3
Weekly (Friday) average
Mar. 14 3,518 3,240 111 90 0 22 55 78 70 3 2 0 1 2
Mar. 21 3,531 3,434 56 0 0 5 36 78 75 2 0 0 0 1
Mar. 28 3,251 3,075 35 0 0 3 139 77 65 1 0 0 0 10
Apr. 4 3,412 3,091 135 40 21 10 115 78 68 3 1 1 0 5
Apr. 11* 3,275 2,969 136 125 19 6 20 74 65 4 3 0 0 1
Daily
Apr. 4 3,190 3,095 0 0 75 0 20 74 71 0 0 2 0 1
Apr. 7 3,240 3,090 150 0 0 0 0 72 69 3 0 0 0 0
Apr. 8 3,070 3,070 0 0 0 0 0 68 68 0 0 0 0 0
Apr. 9 3,949 2,970 320 500 78 25 56 91 64 11 11 2 1 2
Apr. 10 2,842 2,745 75 0 0 0 22 63 59 2 0 0 0 2
* Data through April 10.
AA asset-backed
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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
2023 16,214 9,705 3,223 487 860 509 1,431 506 300 89 16 28 16 56
2024 22,542 15,680 3,545 517 713 466 1,621 660 449 96 15 24 15 60
2025* 20,781 14,326 3,543 364 607 452 1,490 593 402 95 10 20 13 52
Monthly average
2024-Nov. 22,928 14,984 3,834 600 666 597 2,248 659 429 102 16 20 18 74
Dec. 21,665 14,626 3,446 675 689 352 1,878 624 415 91 19 23 11 65
2025-Jan. 20,719 14,287 3,684 382 586 354 1,425 600 408 98 11 19 11 52
Feb. 21,590 14,871 3,474 404 625 403 1,813 613 412 94 11 20 13 63
Mar. 20,043 13,918 3,351 353 524 534 1,362 572 390 92 11 18 15 47
Apr.* 20,957 14,206 3,838 248 833 607 1,226 582 395 100 6 26 16 39
Weekly (Friday) average
Mar. 14 20,704 14,517 3,424 301 477 469 1,516 594 407 95 12 14 14 53
Mar. 21 20,712 14,206 3,480 432 495 600 1,499 582 394 91 12 21 17 48
Mar. 28 20,130 14,082 3,587 264 481 479 1,237 576 397 100 10 16 13 40
Apr. 4 19,333 13,412 3,603 388 535 651 744 546 380 95 10 17 17 27
Apr. 11* 21,785 15,110 3,431 45 1,097 472 1,629 598 413 89 2 34 14 46
Daily
Apr. 4 20,773 13,490 3,750 1,235 917 721 660 558 378 94 29 25 16 16
Apr. 7 19,819 15,946 813 0 1,280 975 805 535 428 25 0 29 25 28
Apr. 8 25,014 14,771 7,451 10 450 225 2,108 662 395 185 1 20 8 53
Apr. 9 20,318 14,721 2,870 171 1,043 620 893 555 401 72 5 32 16 29
Apr. 10 21,990 15,004 2,589 0 1,616 70 2,710 638 428 73 0 57 5 75
* Data through April 10.
Total market
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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
2023 115,630 78,012 15,262 4,619 6,585 2,951 8,202 4,625 2,730 546 286 462 178 423
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* 123,214 81,944 17,439 4,159 6,436 3,438 9,800 4,566 2,706 579 247 410 189 435
Monthly average
2024-Nov. 120,972 79,297 16,565 5,773 6,049 3,698 9,590 4,488 2,664 581 306 317 188 432
Dec. 111,921 73,278 15,091 4,993 6,206 3,089 9,264 4,179 2,506 510 256 347 161 399
2025-Jan. 120,403 77,804 18,794 4,098 6,651 3,680 9,376 4,504 2,598 607 239 417 210 432
Feb. 124,227 81,885 18,187 4,263 5,968 3,336 10,588 4,623 2,720 600 241 396 185 481
Mar. 124,988 85,773 15,808 4,106 6,275 3,010 10,016 4,587 2,797 545 258 403 158 425
Apr.* 123,535 82,902 16,385 4,208 7,401 4,170 8,470 4,542 2,714 548 250 446 225 359
Weekly (Friday) average
Mar. 14 126,426 84,682 16,638 5,343 5,900 2,803 11,060 4,618 2,762 560 343 385 149 419
Mar. 21 130,185 90,041 17,525 4,196 5,403 3,371 9,649 4,704 2,857 623 268 376 166 414
Mar. 28 125,928 89,770 15,224 2,814 5,574 3,321 9,226 4,606 2,941 499 195 385 175 411
Apr. 4 118,287 79,526 15,548 3,969 7,551 3,919 7,774 4,466 2,623 554 236 445 243 364
Apr. 11* 121,507 82,156 15,652 4,241 7,262 4,001 8,194 4,410 2,697 517 245 439 186 326
Daily
Apr. 4 112,533 83,982 10,562 4,685 5,118 3,506 4,680 4,098 2,732 381 288 295 190 212
Apr. 7 119,144 87,844 10,597 2,490 8,843 3,798 5,572 4,090 2,815 355 149 360 169 242
Apr. 8 124,384 83,159 19,967 4,218 5,710 3,648 7,682 4,525 2,711 669 282 430 151 282
Apr. 9 119,314 79,618 15,923 4,879 6,344 5,222 7,327 4,346 2,645 540 259 349 221 332
Apr. 10 123,186 78,005 16,120 5,377 8,153 3,335 12,196 4,679 2,618 503 290 618 203 447
* Data through April 10.

Footnotes

1. Millions of dollars.

Last Update: April 11, 2025