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 February 5, 2026Posted February 6, 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* 4,817 2,523 1,116 541 407 138 91 159 82 32 22 14 6 2
Monthly average
2025-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. 4,824 2,339 1,269 567 413 161 75 158 76 36 23 14 7 2
Feb.* 4,778 3,445 351 411 380 19 173 164 110 16 18 15 1 4
Weekly (Friday) average
Jan. 9 5,369 4,051 279 262 582 196 0 181 123 15 14 18 11 0
Jan. 16 5,282 2,325 1,468 953 279 237 20 178 80 42 37 11 8 0
Jan. 23 3,822 1,686 1,438 263 180 95 161 120 53 40 12 8 2 5
Jan. 30 4,301 1,631 1,121 774 510 116 150 145 61 29 29 18 5 4
Feb. 6* 4,778 3,445 351 411 380 19 173 164 110 16 18 15 1 4
Daily
Jan. 30 7,842 850 5,384 1,130 378 0 100 237 51 133 36 15 0 2
Feb. 2 7,492 5,478 652 903 409 50 0 288 207 32 29 18 2 0
Feb. 3 6,179 5,370 481 218 10 0 100 196 162 20 9 2 0 3
Feb. 4 3,156 1,914 109 382 579 0 171 102 51 5 21 20 0 5
Feb. 5 2,285 1,017 163 140 519 26 420 71 22 8 11 19 1 10
* Data through February 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* 11,936 7,280 1,408 1,398 1,260 299 291 843 503 90 102 98 34 16
Monthly average
2025-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. 11,891 7,072 1,415 1,415 1,354 314 321 847 493 93 102 106 36 17
Feb.* 12,163 8,318 1,374 1,314 793 225 139 825 551 79 101 58 22 14
Weekly (Friday) average
Jan. 9 11,246 6,013 1,576 1,261 1,564 639 192 830 415 98 111 124 67 14
Jan. 16 11,940 6,540 1,402 1,667 1,805 348 178 886 480 97 110 139 40 20
Jan. 23 12,387 7,996 1,524 1,518 1,003 206 140 896 564 102 103 78 35 14
Jan. 30 12,999 8,572 1,226 1,324 1,012 62 803 858 567 83 96 84 7 21
Feb. 6* 12,163 8,318 1,374 1,314 793 225 139 825 551 79 101 58 22 14
Daily
Jan. 30 11,916 7,351 1,415 2,225 902 24 0 777 455 84 144 85 9 0
Feb. 2 13,291 9,528 1,246 897 1,246 279 95 866 621 65 73 71 28 8
Feb. 3 11,742 8,091 1,771 1,174 387 65 255 824 541 96 97 41 11 38
Feb. 4 12,312 8,386 1,304 1,708 626 194 95 808 557 65 106 58 17 5
Feb. 5 11,305 7,268 1,174 1,477 913 364 110 802 486 89 129 64 30 4
* Data through February 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* 4,898 4,729 60 41 19 12 37 141 134 2 1 1 0 3
Monthly average
2025-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. 4,974 4,808 50 49 23 13 32 141 135 1 1 1 0 2
Feb.* 4,516 4,334 109 0 0 8 66 138 130 3 0 0 0 5
Weekly (Friday) average
Jan. 9 5,305 5,062 99 14 51 0 79 151 140 3 0 2 0 6
Jan. 16 5,300 5,049 27 118 39 50 17 148 140 1 3 1 2 2
Jan. 23 4,906 4,862 34 0 0 0 10 132 130 1 0 0 0 0
Jan. 30 4,466 4,350 27 66 0 0 23 138 134 1 2 0 0 1
Feb. 6* 4,516 4,334 109 0 0 8 66 138 130 3 0 0 0 5
Daily
Jan. 30 2,900 2,900 0 0 0 0 0 61 61 0 0 0 0 0
Feb. 2 4,490 4,490 0 0 0 0 0 128 128 0 0 0 0 0
Feb. 3 4,517 4,217 300 0 0 0 0 140 133 7 0 0 0 0
Feb. 4 4,512 4,328 135 0 0 30 18 141 130 4 0 0 1 6
Feb. 5 4,545 4,300 0 0 0 0 245 141 127 0 0 0 0 14
* Data through February 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* 17,433 10,732 3,474 463 550 616 1,599 532 321 104 15 19 21 52
Monthly average
2025-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. 17,331 10,650 3,505 497 587 590 1,502 532 321 105 16 21 19 50
Feb.* 17,946 11,140 3,322 291 363 745 2,085 530 317 96 11 8 30 67
Weekly (Friday) average
Jan. 9 17,768 10,722 3,317 411 491 780 2,046 545 322 102 13 16 20 71
Jan. 16 17,321 10,574 3,618 503 565 411 1,650 538 320 110 17 24 15 52
Jan. 23 17,242 10,491 4,072 305 722 530 1,122 512 305 120 9 24 20 34
Jan. 30 17,452 10,941 3,542 640 492 714 1,123 529 327 104 20 17 25 36
Feb. 6* 17,946 11,140 3,322 291 363 745 2,085 530 317 96 11 8 30 67
Daily
Jan. 30 17,454 9,914 3,752 631 1,248 625 1,283 581 329 106 23 42 29 52
Feb. 2 15,220 11,072 1,232 51 424 557 1,884 443 319 39 3 10 26 46
Feb. 3 21,740 10,318 6,894 682 240 952 2,653 653 312 185 25 6 37 88
Feb. 4 17,621 10,613 3,864 52 450 902 1,740 522 300 107 2 9 45 59
Feb. 5 17,205 12,557 1,299 380 338 568 2,064 500 338 52 14 9 13 74
* Data through February 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* 115,333 69,989 16,906 5,153 7,286 4,049 11,951 4,784 2,703 598 316 445 215 507
Monthly average
2025-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. 115,837 70,272 17,156 5,360 7,457 4,117 11,476 4,789 2,706 607 326 450 217 484
Feb.* 112,815 68,573 15,656 4,119 6,433 3,711 14,324 4,756 2,687 558 264 421 204 622
Weekly (Friday) average
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. 16 118,176 71,789 17,469 6,032 7,498 4,193 11,195 5,039 2,792 651 378 491 231 496
Jan. 23 120,928 75,294 19,769 5,224 5,994 4,002 10,645 5,037 2,905 694 335 433 193 478
Jan. 30 113,913 71,195 16,614 5,041 6,842 3,362 10,860 4,604 2,754 571 294 387 167 432
Feb. 6* 112,815 68,573 15,656 4,119 6,433 3,711 14,324 4,756 2,687 558 264 421 204 622
Daily
Jan. 30 110,080 62,758 19,115 7,077 8,105 4,272 8,751 4,491 2,452 599 418 462 171 389
Feb. 2 110,942 70,805 8,205 3,627 8,877 4,988 14,440 4,782 2,843 334 213 478 266 648
Feb. 3 121,403 67,047 23,662 3,743 5,870 4,035 17,045 4,898 2,627 810 225 400 210 626
Feb. 4 110,853 65,868 19,515 3,740 5,148 3,050 13,532 4,737 2,598 634 229 413 180 683
Feb. 5 108,062 70,570 11,243 5,364 5,838 2,770 12,277 4,607 2,681 452 391 392 159 532
* Data through February 5.

Footnotes

1. Millions of dollars.

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Last Update: February 6, 2026