Federal Reserve Economic Data

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

Observations

2025-12-03: -0.05
Updated: Dec 4, 2025 4:02 PM CST
Next Release Date: Dec 5, 2025
2025-12-03:  -0.05  
2025-12-02:  0.00  
2025-12-01:  .  
2025-11-28:  .  
2025-11-27:  .  
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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 St. Louis Fed Daily Interest Rate Interest Rate Copyrighted: Citation Required Nation Not Seasonally Adjusted United States of America

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