3-Month Commercial Paper Minus Federal Funds Rate (CPFF)

Observations

2026-07-29: 0.25
Updated: Jul 30, 2026 4:04 PM CDT
Next Release Date: Aug 6, 2026
2026-07-29:  0.25  
2026-07-28:  0.13  
2026-07-27:  0.23  
2026-07-24:  .  
2026-07-23:  0.18  
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Units:

Percent,
Not Seasonally Adjusted

Frequency:

Daily

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Notes

Source: Federal Reserve Bank of St. Louis  

Release: Interest Rate Spreads

Units:  Percent, Not Seasonally Adjusted

Frequency:  Daily

Notes:

Series is calculated as the spread between 3-Month AA Financial Commercial Paper (RIFSPPFAAD90NB) and Effective Federal Funds Rate (https://fred.stlouisfed.org/series/DFF).
Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department.

Suggested Citation:

Federal Reserve Bank of St. Louis, 3-Month Commercial Paper Minus Federal Funds Rate [CPFF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPFF, .

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Monthly, Not Seasonally Adjusted

Related Categories

Interest Rate Spreads Interest Rates Money, Banking, & Finance

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Tags

Yield Curve Commercial Paper Spread 3-Month Commercial Federal Interest Rate St. Louis Fed Interest Daily Rate Copyrighted: Citation Required Nation United States of America Not Seasonally Adjusted

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