Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of July 15, 2024Posted July 16, 2024

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
2022 4,359 3,230 319 237 297 195 80 157 109 13 10 13 8 3
2023 3,510 2,629 291 186 213 106 85 122 88 9 8 9 4 4
2024* 3,204 1,866 654 244 237 168 36 115 67 20 10 9 7 2
Monthly average
2024-Feb. 2,554 1,683 463 111 169 127 0 95 62 15 4 8 6 0
Mar. 2,598 1,393 398 249 341 182 35 99 51 14 10 14 9 1
Apr. 2,679 1,543 403 175 333 179 46 101 58 13 7 12 9 2
May 3,374 1,842 1,036 139 267 83 7 113 62 33 5 9 4 0
June 4,190 2,693 594 659 103 92 49 149 99 18 24 3 3 1
July* 5,119 2,620 1,278 451 358 324 87 180 92 34 18 13 14 10
Weekly (Friday) average
June 21 5,771 2,676 1,339 1,480 182 82 12 185 92 35 48 6 4 0
June 28 2,895 2,023 74 524 96 170 8 109 74 3 22 3 6 0
July 5 6,236 3,104 1,652 621 351 441 65 213 106 44 24 14 22 3
July 12 4,859 2,529 1,233 404 292 278 122 176 91 32 17 10 9 17
July 19* 1,951 1,137 7 2 715 90 0 70 37 2 2 27 2 0
Daily
July 9 6,737 4,706 5 685 956 385 0 223 156 1 28 29 9 0
July 10 3,186 2,031 75 280 50 485 264 208 107 6 16 1 12 66
July 11 996 434 124 188 6 58 186 38 13 5 8 1 4 7
July 12 6,916 64 5,761 622 81 226 162 195 5 139 26 5 10 10
July 15 1,951 1,137 7 2 715 90 0 70 37 2 2 27 2 0
* Data through July 15.
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
2022 10,100 6,494 1,125 958 1,006 317 200 775 452 94 91 97 30 11
2023 10,274 6,688 1,183 921 1,060 241 181 838 471 93 91 140 31 12
2024* 10,691 6,942 1,351 895 900 435 169 725 424 87 74 91 39 10
Monthly average
2024-Feb. 10,774 6,917 1,476 1,029 859 259 235 794 448 103 95 103 31 13
Mar. 9,986 6,559 1,374 826 814 231 182 691 396 86 77 91 28 12
Apr. 10,559 6,955 1,137 729 1,010 684 45 697 404 65 56 116 51 6
May 11,109 7,218 1,384 823 765 848 72 708 423 82 62 72 63 6
June 10,998 7,560 1,069 1,143 853 202 171 707 450 67 84 74 23 9
July* 10,082 6,395 1,517 675 1,098 337 60 665 390 101 55 81 30 8
Weekly (Friday) average
June 21 12,174 8,242 1,452 1,019 1,008 346 107 787 479 109 76 85 29 10
June 28 9,605 6,957 605 964 851 148 80 630 424 33 77 73 16 7
July 5 9,524 5,358 2,204 723 1,115 122 2 601 321 140 56 78 6 1
July 12 10,326 6,952 1,030 573 1,154 532 86 693 420 75 52 87 52 8
July 19* 11,092 7,764 1,203 993 749 223 160 782 514 77 70 68 19 34
Daily
July 9 11,938 7,410 998 916 1,125 1,283 205 760 417 58 64 66 138 17
July 10 9,047 6,578 903 361 956 147 103 594 365 70 29 84 43 3
July 11 9,175 6,244 1,269 580 791 286 4 633 403 110 36 64 19 1
July 12 8,722 6,444 593 575 963 81 66 658 419 52 100 69 10 8
July 15 11,092 7,764 1,203 993 749 223 160 782 514 77 70 68 19 34
* Data through July 15.
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
2022 9,562 8,408 596 118 224 88 128 246 206 18 4 7 3 9
2023 7,628 6,657 581 102 130 82 76 209 178 18 3 3 2 5
2024* 4,769 4,443 203 18 52 9 43 130 119 7 0 2 0 2
Monthly average
2024-Feb. 3,491 3,397 61 13 10 6 4 97 93 3 0 1 0 0
Mar. 4,593 4,177 269 31 82 6 29 131 117 9 1 2 0 2
Apr. 6,449 5,921 408 12 75 7 26 169 153 12 0 2 0 1
May 6,095 5,545 334 20 112 13 71 166 148 10 1 4 0 3
June 3,497 3,351 48 14 14 0 69 96 91 2 0 0 0 3
July* 3,931 3,661 70 44 42 12 102 103 93 2 1 1 1 5
Weekly (Friday) average
June 21 3,537 3,466 44 0 6 0 21 95 92 1 0 0 0 1
June 28 2,928 2,806 35 0 10 0 77 76 71 1 0 0 0 4
July 5 3,896 3,554 81 89 74 14 84 97 86 2 2 2 0 4
July 12 4,065 3,821 55 16 25 13 135 108 97 2 0 1 1 7
July 19* 3,406 3,295 100 0 0 3 8 103 95 6 0 0 1 1
Daily
July 9 4,776 4,425 75 0 0 0 276 123 110 2 0 0 0 11
July 10 3,550 3,375 100 0 0 0 75 96 88 4 0 0 0 4
July 11 3,584 3,425 0 30 75 30 24 94 86 0 1 2 1 4
July 12 3,704 3,425 0 0 50 0 229 101 86 0 0 1 0 14
July 15 3,406 3,295 100 0 0 3 8 103 95 6 0 0 1 1
* Data through July 15.
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
2022 16,982 11,030 2,697 541 918 483 1,314 535 336 77 16 31 16 58
2023 16,214 9,705 3,223 487 860 509 1,431 506 300 89 16 28 16 56
2024* 21,948 15,286 3,420 485 705 447 1,606 644 437 94 15 23 14 62
Monthly average
2024-Feb. 20,311 13,928 2,973 566 780 311 1,753 602 402 83 18 24 11 66
Mar. 21,460 15,141 3,233 488 667 445 1,485 627 431 91 15 22 13 55
Apr. 21,417 15,203 3,269 494 582 396 1,473 618 429 91 13 18 12 53
May 23,525 17,023 3,454 396 618 324 1,710 673 469 94 12 20 11 67
June 24,431 17,227 3,643 505 834 485 1,738 716 492 96 16 29 16 66
July* 23,618 16,358 4,268 348 913 428 1,302 687 477 112 10 26 14 48
Weekly (Friday) average
June 21 27,122 18,283 4,333 623 691 603 2,590 788 514 111 19 27 22 95
June 28 24,687 17,516 3,449 638 583 523 1,978 711 492 94 22 19 14 69
July 5 21,275 14,336 4,689 391 594 406 858 602 407 124 11 19 12 28
July 12 24,566 17,486 3,864 313 982 414 1,508 736 520 103 9 28 15 62
July 19* 28,251 18,811 4,604 351 1,843 589 2,054 788 547 110 9 48 14 60
Daily
July 9 28,621 17,895 6,743 582 1,322 215 1,865 847 533 172 15 37 20 70
July 10 25,335 17,329 5,024 200 430 1,144 1,207 738 506 130 4 9 32 57
July 11 22,115 17,417 1,406 223 1,392 187 1,490 681 533 50 9 37 8 44
July 12 22,047 18,144 1,656 10 681 189 1,366 690 539 53 1 28 7 62
July 15 28,251 18,811 4,604 351 1,843 589 2,054 788 547 110 9 48 14 60
* Data through July 15.
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
2022 121,237 83,340 14,203 4,945 6,919 3,738 8,093 4,541 2,744 516 287 380 187 426
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* 125,564 85,649 16,820 4,738 6,479 3,024 8,854 4,747 2,835 587 285 401 193 447
Monthly average
2024-Feb. 120,872 81,764 16,859 4,588 6,466 2,170 9,025 4,736 2,777 630 308 429 146 445
Mar. 120,857 83,236 15,227 4,632 6,717 2,407 8,638 4,581 2,728 557 289 415 155 436
Apr. 131,338 91,824 17,348 3,984 6,295 3,120 8,766 4,780 2,937 566 243 404 191 439
May 133,153 92,891 17,394 4,067 5,965 3,516 9,320 4,856 2,976 594 234 361 229 461
June 126,661 87,150 15,465 5,790 6,318 2,823 9,115 4,742 2,902 522 301 368 192 458
July* 123,140 78,635 19,711 4,923 6,970 3,805 9,096 4,600 2,600 644 273 392 233 457
Weekly (Friday) average
June 21 134,243 91,048 19,417 6,512 5,003 2,906 9,357 5,028 3,041 696 285 335 187 482
June 28 120,187 82,088 12,542 5,108 8,498 2,450 9,500 4,557 2,764 396 279 468 176 473
July 5 121,528 74,179 23,139 4,975 6,903 2,835 9,496 4,419 2,370 776 274 380 183 436
July 12 123,989 81,325 17,270 5,012 6,922 4,453 9,008 4,691 2,725 560 282 372 279 473
July 19* 125,340 83,009 18,202 4,271 7,480 4,445 7,933 4,870 2,896 539 225 545 203 462
Daily
July 9 136,117 85,214 23,035 5,875 8,046 5,765 8,181 4,973 2,751 672 317 354 489 390
July 10 125,688 80,784 18,520 3,395 6,920 4,939 11,131 4,814 2,697 599 219 418 272 609
July 11 110,423 79,592 8,103 6,125 6,536 3,206 6,862 4,169 2,697 357 264 334 186 331
July 12 114,594 76,165 17,183 5,252 5,238 3,133 7,623 4,614 2,664 567 384 327 201 471
July 15 125,340 83,009 18,202 4,271 7,480 4,445 7,933 4,870 2,896 539 225 545 203 462
* Data through July 15.

Footnotes

1. Millions of dollars.

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Last Update: July 16, 2024