The Fed - Commercial Paper Rates and Outstanding Summary

Commercial Paper Rates RSS Data Download FRED

Derived from data supplied by The Depository Trust & Clearing Corporation

Data as of July 16, 2025Posted July 17, 2025

Daily rates for commercial paper are provided for the AA nonfinancial, A2/P2 nonfinancial, AA financial, and AA asset-backed 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.

Period	AA nonfinancial						A2/P2 nonfinancial
Period	1-day	7-day	15-day	30-day	60-day	90-day	1-day	7-day	15-day	30-day	60-day	90-day
Annual average
2023	4.98	4.97	5.01	5.05	5.11	5.04	5.20	5.19	5.25	5.34	5.40	5.44
2024	5.13	5.15	5.17	5.15	5.12	5.00	5.25	5.24	5.26	5.29	5.27	5.40
2025*	4.31	4.32	4.32	4.32	4.31	4.29	4.51	4.54	4.56	4.58	4.58	4.59
Monthly average
2025-Feb.	4.32	4.31	4.32	4.31	4.29	4.27	4.47	4.50	4.51	4.53	4.54	4.57
Mar.	4.31	4.32	4.31	4.32	4.31	4.28	4.52	4.56	4.57	4.57	4.56	4.56
Apr.	4.31	4.34	4.35	4.34	4.34	4.32	4.55	4.60	4.61	4.62	4.63	4.63
May	4.29	4.32	4.32	4.32	4.31	4.30	4.53	4.56	4.58	4.61	4.62	4.63
June	4.31	4.31	4.31	4.32	4.31	4.32	4.52	4.54	4.56	4.59	4.59	4.55
July*	4.31	4.31	4.30	4.30	4.30	4.30	4.51	4.53	4.55	4.57	4.59	4.56
Weekly (Friday) average
June 20	4.31	4.31	4.32	4.33	4.30	4.32	4.52	4.54	4.57	4.60	4.58	4.55
June 27	4.31	4.31	4.31	4.32	4.32	4.33	4.52	4.53	4.56	4.58	4.59	n.a.
July 4	4.29	4.32	4.30	4.30	4.31	4.32	4.51	4.55	4.54	4.58	4.61	4.68
July 11	4.30	4.30	4.31	4.31	4.29	4.26	4.51	4.53	4.55	4.56	4.57	4.48
July 18*	4.33	4.31	4.30	4.30	4.30	4.30	4.51	4.51	4.56	4.57	4.60	4.51
Daily
July 10	4.27	4.31	4.30	4.32	4.31	n.a.	4.51	4.54	4.54	4.55	4.55	n.a.
July 11	4.26	4.28	4.29	4.30	4.27	n.a.	4.52	4.49	4.53	4.58	n.a.	n.a.
July 14	4.33	n.a.	4.31	4.31	4.29	n.a.	4.51	4.52	4.56	4.55	4.53	4.51
July 15	4.33	4.32	4.31	4.30	4.30	4.31	4.51	4.52	4.58	4.56	4.63	n.a.
July 16	4.33	4.29	4.29	4.29	4.30	4.29	4.50	4.49	4.53	4.61	4.63	n.a.

* Data through July 16.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.

Period	AA financial						AA asset-backed
Period	1-day	7-day	15-day	30-day	60-day	90-day	1-day	7-day	15-day	30-day	60-day	90-day
Annual average
2023	5.00	5.01	4.99	5.09	5.24	5.19	5.05	5.05	5.07	5.11	5.19	5.27
2024	5.13	5.12	5.10	5.12	4.98	5.04	5.16	5.15	5.16	5.16	5.14	5.12
2025*	4.33	4.33	4.32	4.32	4.32	4.31	4.35	4.36	4.36	4.37	4.38	4.38
Monthly average
2025-Feb.	4.33	4.33	4.32	4.33	4.32	4.34	4.34	4.35	4.36	4.37	4.37	4.38
Mar.	4.33	4.33	4.32	4.33	4.31	4.29	4.35	4.35	4.36	4.36	4.37	4.37
Apr.	4.33	4.33	4.31	4.32	4.33	4.32	4.35	4.36	4.37	4.39	4.40	4.39
May	4.33	4.33	4.31	4.33	4.30	4.29	4.36	4.36	4.36	4.37	4.38	4.39
June	4.33	4.33	4.32	4.31	4.36	4.31	4.35	4.36	4.36	4.37	4.38	4.38
July*	4.32	4.33	4.32	4.31	4.31	4.29	4.35	4.36	4.37	4.37	4.38	4.38
Weekly (Friday) average
June 20	4.33	4.33	n.a.	n.a.	n.a.	4.30	4.35	4.36	4.37	4.38	4.39	4.39
June 27	4.32	4.32	4.32	n.a.	4.36	4.32	4.35	4.35	4.36	4.37	4.39	4.39
July 4	4.32	4.33	4.33	4.32	4.33	4.31	4.35	4.36	4.36	4.36	4.38	4.38
July 11	4.32	4.33	4.32	4.31	4.30	4.28	4.35	4.36	4.37	4.37	4.38	4.39
July 18*	4.32	4.33	4.31	4.31	4.30	4.31	4.35	4.36	4.38	4.38	4.38	4.38
Daily
July 10	4.32	4.32	n.a.	n.a.	4.29	4.27	4.35	4.36	4.37	4.39	4.41	4.39
July 11	4.32	4.35	n.a.	n.a.	4.33	n.a.	4.35	4.36	4.38	4.41	4.40	4.39
July 14	4.32	4.32	4.31	4.29	4.26	n.a.	4.35	4.36	4.36	4.37	4.38	4.39
July 15	4.32	n.a.	n.a.	n.a.	n.a.	4.28	4.35	4.36	4.41	4.39	4.38	4.38
July 16	4.32	4.33	n.a.	4.33	4.33	4.33	4.35	4.35	4.36	4.37	4.37	4.38

* Data through July 16.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.

Last Update: July 17, 2025