Federal Reserve Economic Data

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

Feb 2025: 0.01
Updated: Mar 3, 2025 4:01 PM CST
Feb 2025:  0.01  
Jan 2025:  0.00  
Dec 2024:  -0.02  
Nov 2024:  -0.12  
Oct 2024:  -0.21  
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Units:

Percent,
Not Seasonally Adjusted

Frequency:

Monthly

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Notes

Source: Federal Reserve Bank of St. Louis  

Release: Interest Rate Spreads

Units:  Percent, Not Seasonally Adjusted

Frequency:  Monthly

Notes:

Series is calculated as the spread between 3-Month AA Financial Commercial Paper (RIFSPPFAAD90NBM) and Effective Federal Funds Rate (https://fred.stlouisfed.org/series/EFFRM).
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 [CPFFM], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPFFM, .

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