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 29, 2026Posted April 30, 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* 5,098 2,219 1,543 674 332 214 116 164 70 44 25 13 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.* 4,965 2,121 1,603 704 183 228 126 156 64 46 26 7 9 5
Weekly (Friday) average
Apr. 3 4,654 548 1,819 1,080 627 463 117 163 24 56 38 20 18 7
Apr. 10 4,712 2,374 1,631 536 106 45 19 144 68 47 20 8 1 1
Apr. 17 3,938 1,131 1,785 714 49 54 205 125 40 51 25 1 2 5
Apr. 24 5,688 2,800 1,738 591 130 342 88 174 80 53 20 5 13 3
May 1* 5,801 4,040 713 291 205 318 233 187 123 18 17 7 16 6
Daily
Apr. 23 3,376 1,700 517 825 227 107 0 96 38 18 30 7 3 0
Apr. 24 6,887 4,433 842 702 237 583 90 217 115 33 29 12 25 3
Apr. 27 10,509 7,614 1,490 732 280 193 200 333 219 37 42 8 23 4
Apr. 28 3,663 1,865 621 0 265 762 150 116 64 14 0 10 24 4
Apr. 29 3,232 2,640 30 141 70 0 350 111 85 3 10 3 0 10
* Data through April 29.
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* 12,490 7,689 1,468 1,366 1,315 297 356 808 459 93 101 109 31 15
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.* 10,908 6,407 1,502 1,245 1,201 324 230 652 316 94 96 102 34 9
Weekly (Friday) average
Apr. 3 9,482 5,395 1,474 797 1,339 389 87 576 276 85 48 105 54 8
Apr. 10 10,274 6,081 1,396 1,326 1,136 314 21 618 303 88 99 100 27 2
Apr. 17 10,919 6,647 1,453 1,286 1,159 292 82 675 309 94 111 117 36 9
Apr. 24 12,328 7,049 1,603 1,377 1,172 323 806 721 357 112 111 94 28 20
May 1* 11,504 7,271 1,645 1,219 1,148 191 30 688 365 97 87 114 20 3
Daily
Apr. 23 15,153 6,467 1,580 1,661 1,089 528 3,829 810 338 110 141 73 63 85
Apr. 24 10,527 6,603 920 1,280 1,500 189 35 640 335 61 94 127 20 3
Apr. 27 11,381 7,715 903 949 1,423 300 90 711 395 69 57 149 32 9
Apr. 28 11,581 7,086 1,502 1,431 1,469 94 0 712 335 98 114 151 14 0
Apr. 29 11,549 7,011 2,530 1,275 553 179 0 640 366 125 91 43 15 0
* Data through April 29.
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* 4,659 4,467 61 53 23 6 48 132 126 2 1 1 0 2
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.* 4,609 4,351 98 52 40 1 66 127 119 3 1 2 0 2
Weekly (Friday) average
Apr. 3 3,778 3,486 77 34 90 0 90 115 105 2 1 4 0 2
Apr. 10 5,143 4,913 47 85 27 6 65 132 126 2 2 1 0 2
Apr. 17 4,903 4,527 235 21 51 0 69 132 119 6 1 2 0 4
Apr. 24 4,557 4,416 27 80 0 0 34 128 124 1 2 0 0 1
May 1* 4,320 4,242 45 0 0 0 33 121 119 1 0 0 0 1
Daily
Apr. 23 4,455 4,355 0 0 0 0 100 133 129 0 0 0 0 4
Apr. 24 3,074 3,074 0 0 0 0 0 94 94 0 0 0 0 0
Apr. 27 3,830 3,780 0 0 0 0 50 102 101 0 0 0 0 1
Apr. 28 4,025 3,975 0 0 0 0 50 120 119 0 0 0 0 1
Apr. 29 5,105 4,970 135 0 0 0 0 141 137 4 0 0 0 0
* Data through April 29.
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* 18,801 11,670 4,018 386 554 451 1,724 546 330 113 12 19 15 57
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.* 19,891 12,896 4,143 329 592 436 1,495 549 339 117 10 20 14 49
Weekly (Friday) average
Apr. 3 15,914 9,705 3,964 384 666 318 876 452 266 108 12 19 14 33
Apr. 10 19,445 12,478 4,018 241 652 422 1,635 549 338 111 7 19 14 59
Apr. 17 21,730 14,418 4,233 383 596 374 1,726 594 373 121 12 26 11 52
Apr. 24 21,306 13,719 4,218 355 508 713 1,794 587 358 122 10 18 19 60
May 1* 21,029 14,478 4,322 393 519 185 1,132 560 373 120 13 19 6 29
Daily
Apr. 23 24,455 17,350 4,930 293 628 406 847 649 439 134 10 19 14 33
Apr. 24 18,735 12,849 1,787 547 250 761 2,542 516 329 70 17 10 17 73
Apr. 27 19,161 13,536 2,646 533 1,119 256 1,071 507 349 63 19 38 6 32
Apr. 28 20,380 12,447 6,037 460 228 79 1,129 549 340 161 10 6 3 29
Apr. 29 23,548 17,451 4,284 187 210 220 1,196 625 429 137 10 13 9 27
* Data through April 29.
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* 116,836 71,173 18,612 5,545 6,860 3,393 11,252 4,661 2,611 641 328 419 178 484
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.* 118,772 72,819 19,276 5,300 6,628 3,506 11,243 4,457 2,435 633 329 401 182 477
Weekly (Friday) average
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. 10 125,821 77,755 18,487 5,988 7,280 4,028 12,283 4,679 2,572 588 381 447 178 513
Apr. 17 120,020 74,818 18,691 5,238 6,844 3,087 11,342 4,575 2,475 633 370 425 170 502
Apr. 24 127,187 78,284 20,173 5,097 5,972 3,944 13,718 4,738 2,621 686 307 388 190 546
May 1* 123,776 81,525 20,103 4,318 5,231 2,996 9,602 4,588 2,754 647 268 331 186 402
Daily
Apr. 23 132,986 79,530 23,167 6,817 5,954 2,924 14,594 4,848 2,630 728 393 323 246 528
Apr. 24 107,692 72,763 10,548 5,881 4,051 3,058 11,391 4,209 2,516 432 370 301 147 443
Apr. 27 115,512 80,072 11,160 5,124 7,395 2,779 8,982 4,326 2,768 390 271 401 148 348
Apr. 28 124,487 77,472 23,264 4,271 4,864 3,327 11,289 4,718 2,645 729 287 344 231 482
Apr. 29 131,329 87,030 25,887 3,560 3,435 2,883 8,535 4,721 2,850 822 245 248 180 376
* Data through April 29.

Footnotes

1. Millions of dollars.

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Last Update: April 30, 2026