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 June 6, 2024Posted June 7, 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* 2,869 1,688 592 158 241 160 30 104 61 19 6 9 7 1
Monthly average
2024-Jan. 3,000 1,768 711 75 129 262 55 104 61 20 3 6 10 4
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* 3,463 2,794 228 370 0 0 71 136 110 8 15 0 0 2
Weekly (Friday) average
May 10 3,546 3,058 198 150 104 36 0 115 97 6 7 3 2 0
May 17 2,733 915 1,299 140 292 86 0 98 35 43 6 11 2 0
May 24 4,031 2,220 1,096 126 506 83 0 134 72 38 4 15 4 0
May 31 3,366 1,873 1,114 56 219 106 0 111 64 32 2 8 5 0
June 7* 3,463 2,794 228 370 0 0 71 136 110 8 15 0 0 2
Daily
May 31 5,951 1,069 4,447 75 270 90 0 181 34 129 2 12 4 0
June 3 5,356 5,172 0 0 0 0 184 204 198 0 0 0 0 6
June 4 4,631 4,031 252 348 0 0 0 175 151 8 16 0 0 0
June 5 1,314 539 309 466 0 0 0 68 33 16 19 0 0 0
June 6 2,553 1,434 352 667 0 0 100 95 59 9 25 0 0 2
* Data through June 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
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* 10,722 6,919 1,385 877 895 473 173 734 424 88 75 95 41 10
Monthly average
2024-Jan. 11,026 6,746 1,573 967 995 373 372 786 445 112 84 93 37 15
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* 11,491 7,890 1,363 1,028 1,048 137 25 722 455 72 86 94 14 1
Weekly (Friday) average
May 10 9,686 6,463 904 893 747 622 57 646 373 51 67 69 81 5
May 17 11,739 7,217 1,538 895 795 1,161 134 749 423 95 60 82 78 12
May 24 10,399 7,336 1,422 673 544 406 18 702 433 93 65 65 43 3
May 31 12,691 7,814 1,666 785 755 1,644 26 726 467 93 54 57 54 1
June 7* 11,491 7,890 1,363 1,028 1,048 137 25 722 455 72 86 94 14 1
Daily
May 31 10,468 7,643 1,161 1,005 504 156 0 617 443 61 64 36 13 0
June 3 12,560 8,511 1,539 768 1,660 82 0 824 480 88 52 195 9 0
June 4 11,866 8,100 1,727 969 892 178 0 686 441 79 87 55 24 0
June 5 11,096 7,672 1,379 1,185 809 51 0 711 456 64 118 65 8 0
June 6 10,443 7,275 808 1,191 834 236 100 666 443 58 85 60 16 4
* Data through June 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
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* 5,040 4,682 237 16 59 10 35 138 126 8 0 2 0 2
Monthly average
2024-Jan. 4,563 4,363 126 6 15 20 32 126 117 5 0 1 0 2
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* 4,095 3,870 61 16 49 0 98 116 107 4 0 2 0 4
Weekly (Friday) average
May 10 6,802 6,222 430 19 22 0 109 182 161 13 0 1 0 7
May 17 6,670 5,775 447 20 403 15 10 182 155 13 0 13 0 0
May 24 5,614 5,068 454 10 0 25 57 155 137 15 0 0 1 3
May 31 4,317 4,177 49 22 34 21 15 122 116 2 1 1 1 1
June 7* 4,095 3,870 61 16 49 0 98 116 107 4 0 2 0 4
Daily
May 31 3,920 3,825 0 20 55 0 20 88 84 0 1 2 0 1
June 3 4,834 4,649 35 30 120 0 0 131 125 1 1 4 0 0
June 4 3,587 3,487 0 0 0 0 100 100 98 0 0 0 0 2
June 5 3,890 3,570 210 35 75 0 0 118 102 13 1 2 0 0
June 6 4,067 3,775 0 0 0 0 292 117 104 0 0 0 0 13
* Data through June 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
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* 21,399 14,873 3,311 487 683 445 1,601 630 425 92 15 22 14 62
Monthly average
2024-Jan. 19,858 12,726 3,550 535 672 734 1,641 613 383 98 16 22 24 70
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* 22,832 15,830 3,604 293 1,249 522 1,334 696 474 97 10 42 22 50
Weekly (Friday) average
May 10 23,165 16,397 3,265 280 768 495 1,960 655 442 90 10 24 15 73
May 17 24,442 17,910 3,241 298 846 205 1,941 688 484 87 10 24 7 76
May 24 23,402 17,163 3,582 538 361 326 1,431 671 476 97 16 14 13 55
May 31 24,089 17,703 4,191 393 470 224 1,108 713 506 115 11 17 8 57
June 7* 22,832 15,830 3,604 293 1,249 522 1,334 696 474 97 10 42 22 50
Daily
May 31 21,973 16,722 3,024 368 301 335 1,224 693 505 88 11 11 15 63
June 3 20,971 16,245 1,689 164 1,214 509 1,151 680 498 51 7 42 37 45
June 4 23,606 15,324 4,323 235 1,719 549 1,456 713 477 112 7 51 14 52
June 5 23,040 14,548 4,583 657 1,258 586 1,409 712 446 121 19 46 22 58
June 6 23,711 17,203 3,823 115 806 444 1,321 677 477 103 6 31 16 44
* Data through June 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
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* 125,677 86,089 16,754 4,517 6,504 3,000 8,812 4,762 2,846 591 283 408 190 444
Monthly average
2024-Jan. 120,901 79,690 17,069 5,437 6,895 3,650 8,159 4,850 2,792 620 349 432 220 436
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* 127,816 87,328 15,808 4,143 7,632 3,341 9,563 4,778 2,890 524 258 422 222 462
Weekly (Friday) average
May 10 133,603 93,223 16,243 3,926 5,574 4,168 10,470 4,827 2,926 539 245 333 285 499
May 17 137,367 96,356 18,097 4,237 6,174 3,583 8,919 4,966 3,067 642 232 368 225 432
May 24 132,072 92,100 17,933 4,377 5,727 3,198 8,737 4,839 2,984 595 258 377 195 430
May 31 129,887 89,583 18,485 3,729 5,568 3,830 8,692 4,848 2,944 633 204 320 253 494
June 7* 127,816 87,328 15,808 4,143 7,632 3,341 9,563 4,778 2,890 524 258 422 222 462
Daily
May 31 106,202 71,705 14,846 4,341 7,673 2,189 5,447 4,070 2,463 490 243 312 132 430
June 3 123,048 87,665 10,295 2,748 10,453 3,590 8,297 4,725 2,945 376 175 585 235 409
June 4 131,528 86,832 20,456 4,264 7,775 4,070 8,132 4,828 2,854 639 288 398 260 389
June 5 126,826 84,159 17,370 5,713 6,359 2,782 10,442 4,819 2,822 570 318 369 197 543
June 6 129,861 90,655 15,110 3,847 5,943 2,924 11,383 4,739 2,938 511 253 336 194 507
* Data through June 6.

Footnotes

1. Millions of dollars.

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Last Update: June 7, 2024