Federal Reserve Economic Data

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

Observations

2025-11-07: -0.01
Updated: Nov 10, 2025 4:02 PM CST
Next Release Date: Nov 14, 2025
2025-11-07:  -0.01  
2025-11-06:  -0.02  
2025-11-05:  .  
2025-11-04:  .  
2025-11-03:  -0.01  
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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 Daily St. Louis Fed Interest Rate Copyrighted: Citation Required Nation United States of America Not Seasonally Adjusted

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