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How much US Treasury debt does the Federal Reserve hold?

In the week to , the Federal Reserve held $4.46 trillion of Treasury securities at par value, 14.0% of the marketable debt outstanding on , up $373.47 billion from a year earlier.

Treasury securities held by the Federal Reserve, par value

$4.46 trillion

Marketable Treasury debt outstanding, 31 August 2026

$31.82 trillion

What kinds of Treasury securities does the Fed hold?

Federal Reserve Treasury holdings by kind, week to 30 September 2026 ($ million, par value)
KindPar valueShare
Bills560,21112.6%
Notes and bonds3,597,91680.7%
TIPS279,9656.3%
Floating rate notes20,0460.4%
All Treasury securities4,458,138100.0%
Securities held433
Marketable Treasury debt outstanding31,824,34914.0%
Federal Reserve Treasury holdings against earlier weeks ($ million, par value)
WeekPar valueChange to the newest week
Week to 30 September 20264,458,138
Week before, 23 September 20264,452,3005,838
A year earlier, 1 October 20254,084,670373,468

Source: Federal Reserve Bank of New York, SOMA Holdings, Treasury securities. Observed .

Source: U.S. Treasury, Fiscal Data, Monthly Statement of the Public Debt. Observed .

What this number cannot tell you
  • Par value is the face amount; for TIPS it leaves out the inflation compensation the New York Fed lists beside it.
  • Holdings change as the Fed buys securities, rolls maturing ones into new issues, or lets them mature without replacing them.
  • The share compares a weekly holding with the newest month-end of marketable debt, so the dates differ by up to a month.

Federal Reserve Treasury holdings, the weeks we hold

$ trillion

Federal Reserve Treasury holdings, the weeks we hold0.02.04.06.09 July 200330 September 2026Federal Reserve Treasury holdings, the weeks we hold0.02.04.06.09 July 200330 September 2026

Source: Federal Reserve Bank of New York, SOMA Holdings, Treasury securities. Observed .

The numbers behind this chart
Federal Reserve Treasury holdings each week ($ million, par value)
Week toPar value
4,458,138
4,452,300
4,448,409
4,446,287
4,446,287
4,439,922
4,435,679
4,431,436
4,422,804
4,412,446
Show 1203 more rows
Week toPar value
4,408,993
4,403,813
4,393,684
4,383,728
4,380,409
4,380,384
4,373,746
4,363,882
4,357,331
4,354,042
4,347,466
4,332,292
4,324,707
4,319,649
4,307,004
4,303,383
4,287,241
4,272,444
4,256,302
4,249,576
4,234,890
4,220,130
4,204,110
4,196,099
4,179,491
4,164,266
4,149,042
4,129,667
4,121,502
4,113,337
4,113,337
4,090,206
4,075,238
4,075,238
4,077,932
4,077,932
4,080,238
4,080,238
4,084,500
4,084,500
4,084,575
4,084,670
4,084,670
4,089,670
4,089,670
4,089,670
4,089,720
4,091,502
4,091,427
4,094,620
4,094,620
4,097,341
4,097,341
4,097,341
4,096,700
4,096,700
4,101,278
4,101,228
4,101,675
4,101,675
4,103,584
4,103,584
4,106,675
4,106,600
4,106,525
4,108,845
4,108,845
4,109,344
4,109,344
4,128,296
4,128,296
4,134,344
4,134,344
4,144,574
4,144,524
4,159,294
4,159,294
4,167,872
4,167,872
4,167,872
4,172,724
4,172,699
4,190,589
4,190,539
4,197,599
4,197,599
4,205,305
4,205,305
4,222,599
4,222,674
4,240,695
4,240,620
4,240,620
4,246,815
4,246,815
4,266,678
4,266,678
4,271,815
4,271,740
4,281,731
4,281,781
4,296,765
4,296,765
4,296,765
4,307,048
4,307,048
4,319,164
4,319,114
4,335,124
4,335,049
4,344,064
4,344,064
4,372,785
4,372,785
4,372,785
4,404,064
4,403,964
4,426,524
4,426,524
4,461,518
4,461,518
4,505,063
4,507,996
4,516,992
4,520,426
4,550,459
4,550,509
4,581,470
4,581,470
4,581,470
4,610,836
4,612,343
4,637,917
4,639,514
4,676,614
4,678,354
4,695,718
4,698,762
4,729,122
4,729,122
4,729,122
4,759,695
4,759,670
4,799,710
4,801,437
4,816,957
4,819,329
4,847,416
4,850,224
4,872,180
4,878,384
4,897,005
4,897,005
4,896,930
4,939,570
4,939,570
4,972,816
4,975,139
4,995,598
4,997,982
5,036,954
5,038,143
5,053,242
5,055,373
5,058,348
5,089,460
5,089,460
5,118,348
5,118,248
5,161,790
5,161,740
5,175,787
5,175,787
5,225,497
5,226,031
5,226,843
5,234,726
5,235,787
5,263,737
5,263,687
5,295,737
5,295,737
5,333,786
5,334,817
5,353,703
5,354,918
5,398,126
5,398,761
5,411,923
5,413,103
5,415,029
5,434,609
5,434,609
5,475,029
5,475,004
5,508,818
5,511,995
5,529,845
5,533,892
5,571,783
5,573,841
5,586,940
5,590,656
5,594,879
5,602,030
5,602,030
5,624,879
5,624,879
5,641,222
5,641,222
5,652,344
5,652,344
5,673,068
5,673,093
5,673,093
5,682,369
5,682,369
5,682,369
5,682,369
5,682,369
5,682,369
5,682,369
5,682,369
5,680,763
5,680,763
5,680,763
5,680,763
5,680,763
5,676,762
5,673,364
5,666,562
5,663,960
5,657,558
5,654,156
5,642,755
5,620,753
5,610,762
5,587,855
5,580,053
5,578,452
5,568,151
5,534,874
5,523,846
5,511,069
5,506,341
5,485,662
5,466,663
5,447,460
5,433,659
5,400,857
5,384,453
5,366,850
5,349,646
5,328,843
5,310,439
5,303,838
5,285,433
5,263,830
5,244,825
5,219,820
5,206,818
5,187,015
5,165,682
5,145,879
5,128,278
5,109,275
5,100,675
5,077,670
5,067,890
5,036,686
5,022,081
5,005,345
4,992,141
4,967,071
4,953,333
4,926,201
4,912,463
4,896,194
4,875,658
4,866,723
4,844,454
4,823,116
4,800,846
4,780,709
4,755,638
4,729,102
4,723,231
4,700,693
4,679,934
4,655,796
4,645,262
4,639,261
4,619,393
4,587,123
4,571,253
4,563,521
4,541,810
4,510,473
4,495,939
4,485,269
4,468,197
4,444,059
4,429,394
4,405,257
4,391,793
4,367,657
4,355,122
4,348,588
4,321,119
4,308,586
4,283,520
4,269,785
4,258,050
4,230,582
4,218,047
4,195,523
4,177,389
4,161,520
4,132,985
4,113,969
4,097,619
4,072,669
4,052,534
4,020,676
3,983,826
3,935,381
3,874,380
3,754,880
3,601,529
3,309,629
2,949,101
2,614,192
2,497,178
2,477,175
2,448,675
2,426,269
2,417,167
2,402,462
2,383,660
2,355,554
2,337,150
2,322,261
2,303,459
2,303,459
2,275,353
2,256,949
2,234,793
2,223,490
2,195,384
2,176,579
2,169,776
2,150,972
2,124,667
2,098,562
2,096,961
2,092,758
2,083,353
2,081,552
2,076,950
2,071,348
2,071,348
2,065,145
2,056,941
2,056,941
2,056,943
2,070,362
2,070,362
2,071,789
2,071,791
2,086,791
2,086,791
2,086,836
2,086,836
2,091,976
2,091,976
2,092,026
2,101,886
2,101,886
2,131,618
2,131,618
2,131,786
2,131,786
2,154,165
2,154,165
2,154,165
2,154,165
2,160,870
2,160,870
2,184,165
2,184,165
2,198,355
2,198,355
2,198,355
2,200,131
2,200,131
2,218,341
2,218,341
2,218,341
2,218,341
2,230,963
2,230,963
2,248,341
2,248,394
2,248,394
2,272,227
2,272,274
2,272,274
2,272,274
2,291,281
2,291,281
2,291,281
2,291,281
2,302,698
2,302,698
2,302,598
2,315,181
2,315,181
2,338,315
2,338,315
2,339,021
2,339,021
2,357,021
2,357,021
2,357,021
2,357,021
2,366,391
2,366,391
2,366,391
2,375,021
2,375,021
2,392,902
2,392,902
2,393,005
2,393,105
2,405,105
2,405,105
2,405,105
2,405,105
2,405,105
2,412,916
2,417,005
2,417,005
2,417,005
2,427,804
2,427,804
2,428,538
2,428,538
2,434,538
2,434,538
2,434,538
2,434,738
2,437,235
2,437,235
2,437,235
2,440,738
2,440,738
2,446,738
2,446,738
2,446,738
2,446,738
2,446,738
2,446,738
2,446,738
2,446,538
2,446,538
2,446,538
2,446,538
2,446,538
2,446,538
2,446,538
2,446,538
2,446,343
2,446,343
2,446,343
2,446,343
2,446,343
2,446,343
2,446,343
2,446,343
2,446,343
2,446,543
2,446,543
2,446,543
2,446,543
2,446,513
2,446,513
2,446,513
2,446,313
2,446,313
2,446,313
2,446,313
2,446,313
2,446,313
2,446,313
2,446,313
2,446,313
2,446,313
2,445,800
2,445,800
2,445,800
2,445,800
2,445,800
2,445,800
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,446,200
2,445,800
2,445,800
2,445,800
2,445,800
2,445,226
2,445,226
2,445,226
2,445,226
2,445,226
2,445,226
2,445,226
2,445,226
2,445,426
2,445,426
2,445,426
2,445,426
2,445,426
2,445,399
2,445,399
2,445,399
2,445,399
2,445,399
2,445,399
2,445,399
2,445,399
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,173
2,445,174
2,445,174
2,445,174
2,445,174
2,445,174
2,445,174
2,445,174
2,445,174
2,445,174
2,445,175
2,445,175
2,445,175
2,445,175
2,445,176
2,445,176
2,445,176
2,445,176
2,445,176
2,445,176
2,445,176
2,445,177
2,445,177
2,445,177
2,445,177
2,445,177
2,445,177
2,445,177
2,445,177
2,445,177
2,445,178
2,445,178
2,445,179
2,445,179
2,445,180
2,445,180
2,445,180
2,445,180
2,445,180
2,445,180
2,445,180
2,445,180
2,445,181
2,445,181
2,445,181
2,445,181
2,445,181
2,445,182
2,445,182
2,445,182
2,445,182
2,445,182
2,445,182
2,445,183
2,442,756
2,438,861
2,437,930
2,435,182
2,432,055
2,429,991
2,424,106
2,420,445
2,419,414
2,414,925
2,411,333
2,406,300
2,404,073
2,397,493
2,394,305
2,392,616
2,388,775
2,381,258
2,375,849
2,370,388
2,362,858
2,355,514
2,352,187
2,346,440
2,340,262
2,335,778
2,327,368
2,321,686
2,311,875
2,306,666
2,297,643
2,291,990
2,282,443
2,275,047
2,264,914
2,254,528
2,247,753
2,239,643
2,229,830
2,218,035
2,207,509
2,199,454
2,195,250
2,195,251
2,183,653
2,172,019
2,156,069
2,149,921
2,137,244
2,123,404
2,111,947
2,104,173
2,092,925
2,081,512
2,073,370
2,063,583
2,048,674
2,038,734
2,027,776
2,020,081
2,010,428
1,999,041
1,988,020
1,980,384
1,969,469
1,957,104
1,948,811
1,939,898
1,930,080
1,915,826
1,906,093
1,893,443
1,885,386
1,870,934
1,864,585
1,851,995
1,842,231
1,835,935
1,824,337
1,813,326
1,802,942
1,794,670
1,783,597
1,773,850
1,759,245
1,751,260
1,739,083
1,725,935
1,717,896
1,706,596
1,699,409
1,685,949
1,678,163
1,665,492
1,655,212
1,645,992
1,647,906
1,649,854
1,642,723
1,635,795
1,639,713
1,646,157
1,640,831
1,634,962
1,636,256
1,648,730
1,643,643
1,642,953
1,638,438
1,636,102
1,640,823
1,638,926
1,629,449
1,627,161
1,636,342
1,642,570
1,639,422
1,641,538
1,638,779
1,652,659
1,656,528
1,656,695
1,653,797
1,650,611
1,654,572
1,647,020
1,647,301
1,647,402
1,656,771
1,658,353
1,658,584
1,663,037
1,671,887
1,659,924
1,655,754
1,654,404
1,650,823
1,650,410
1,652,535
1,647,469
1,657,912
1,651,599
1,653,028
1,652,078
1,642,041
1,641,338
1,653,845
1,662,475
1,674,596
1,663,785
1,665,238
1,662,206
1,654,990
1,666,062
1,658,119
1,644,397
1,668,265
1,660,558
1,658,817
1,662,096
1,655,006
1,653,576
1,649,447
1,646,102
1,642,632
1,639,043
1,638,223
1,635,314
1,631,570
1,628,850
1,624,861
1,621,261
1,615,441
1,608,076
1,593,090
1,567,498
1,546,326
1,524,180
1,511,435
1,487,424
1,458,828
1,434,802
1,406,527
1,395,788
1,367,735
1,351,324
1,326,640
1,298,537
1,273,770
1,259,520
1,229,824
1,207,029
1,183,971
1,160,900
1,132,004
1,108,399
1,073,534
1,055,790
1,024,719
1,009,924
1,001,074
961,506
943,777
911,630
895,424
867,987
847,416
836,391
832,242
826,592
815,642
813,573
806,183
799,673
789,214
784,464
780,856
779,081
774,122
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,571
771,072
771,072
771,072
771,072
771,072
771,072
771,072
771,072
771,072
771,072
771,072
771,072
771,072
770,714
770,714
770,714
770,714
770,714
770,714
770,714
770,714
770,714
770,714
770,714
768,778
767,728
767,728
763,479
763,479
759,934
754,085
752,036
747,086
739,187
730,492
723,476
699,930
690,435
687,435
678,936
668,437
658,438
648,189
633,692
623,742
601,248
595,248
578,601
572,446
555,981
544,456
530,431
521,928
504,288
488,254
470,714
470,714
470,714
470,714
470,714
470,714
470,714
470,714
470,714
470,714
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
469,986
473,303
473,303
473,303
473,303
473,303
473,303
473,303
473,303
473,303
473,303
473,303
473,303
473,303
473,303
476,705
481,632
485,859
497,717
510,596
531,740
543,805
543,805
543,805
555,316
576,471
607,579
655,807
698,807
708,807
708,807
708,807
708,807
708,807
713,807
718,807
723,807
723,255
735,735
749,750
764,913
769,913
774,913
774,913
774,913
774,913
774,913
774,913
774,913
774,913
774,913
774,913
774,913
774,913
774,913
774,913
779,913
784,913
784,913
786,150
786,150
786,150
786,150
786,150
786,150
786,150
786,150
786,150
786,150
786,150
786,150
786,150
786,150
783,414
783,414
779,194
779,194
777,348
777,348
777,348
777,348
777,348
777,348
775,470
775,470
775,470
775,470
775,470
775,470
774,988
774,988
774,988
773,646
771,569
770,139
768,492
767,722
765,854
766,188
765,694
764,264
762,507
764,828
764,828
764,828
764,828
764,828
762,732
762,732
760,863
760,863
760,863
760,863
760,863
760,863
762,595
762,595
762,595
762,595
762,595
761,279
758,865
758,865
756,170
756,289
756,289
756,289
755,193
755,193
755,193
755,193
753,965
753,965
752,415
751,565
749,416
748,168
745,644
745,630
743,330
742,383
741,134
739,528
740,849
740,849
740,849
740,849
740,849
741,038
739,690
738,594
737,557
736,523
735,023
734,706
734,652
733,168
730,499
730,403
727,605
727,592
726,793
724,556
721,922
721,922
721,922
721,922
721,922
721,922
723,227
723,227
722,802
722,802
722,802
720,404
719,080
719,054
716,899
716,199
714,999
714,999
714,999
715,210
715,210
715,210
715,210
715,210
715,542
715,542
715,542
715,542
715,507
715,507
715,507
715,507
715,507
715,398
715,398
714,845
710,686
709,400
707,948
706,731
705,983
704,588
700,674
699,479
699,450
696,482
696,056
693,592
692,752
692,734
692,726
692,658
691,656
691,656
691,656
690,260
688,292
685,935
685,454
683,253
683,081
682,032
679,596
678,766
677,775
676,015
676,015
674,610
673,184
672,984
672,581
672,391
672,321
671,496
671,400
670,019
669,920
669,174
668,235
665,672
665,433
665,196
665,152
665,065
665,000
664,548
664,281
663,934
663,552
662,880
661,082
658,669
657,277
657,085
655,180
654,928
654,722
654,651
654,463
654,416
654,069
652,452
652,196
652,044
651,809
651,559
651,393
651,359
651,217
650,972

What else is on the Fed's balance sheet? (H.4.1)

Federal Reserve Board H.4.1, Wednesday levels, 30 September 2026 ($ million)
Line30 September 2026Wednesday before52 weeks earlier
Total assets of the Federal Reserve6,743,0316,747,7046,587,119
Securities held outright6,464,5976,471,0886,284,715
US Treasury securities held outright4,564,1614,558,3324,196,385
The same lines on the last Wednesday of each year, newest first ($ million)
WednesdayTotal assets of the Federal ReserveSecurities held outrightUS Treasury securities held outright
6,743,0316,464,5974,564,161
6,640,6186,269,1714,227,801
6,885,9636,556,7194,308,893
7,712,7817,224,6674,790,547
8,551,1698,144,5825,500,834
8,757,4608,270,1115,652,272
7,363,3516,730,7314,688,916
4,165,5913,751,1892,328,862
4,075,6363,880,2492,240,717
4,448,6804,223,5352,454,219
4,451,4514,221,1682,463,601
4,486,5874,241,9652,461,554
4,497,6604,236,8732,461,364
4,032,5753,762,9932,208,829
2,907,3002,660,2711,656,930
2,926,1952,613,3821,672,092
2,420,6742,155,7031,016,102
2,234,3091,844,722776,587
2,239,854495,629475,921
891,158754,612754,612
871,162778,938778,938
848,909744,210744,210
811,962717,813717,813
772,995666,665666,665
733,136629,412629,402
The same lines over the last 13 Wednesdays, newest first ($ million)
WednesdayTotal assets of the Federal ReserveSecurities held outrightUS Treasury securities held outright
6,743,0316,464,5974,564,161
6,747,7046,471,0884,558,332
6,746,5486,470,3204,554,450
6,740,6196,468,2694,552,337
6,737,2046,468,2784,552,347
Show 8 more rows
WednesdayTotal assets of the Federal ReserveSecurities held outrightUS Treasury securities held outright
6,730,9126,462,1014,546,169
6,745,6996,475,3034,542,228
6,759,9556,471,4904,538,288
6,748,5676,463,1604,529,958
6,738,1906,452,8564,519,654
6,747,3786,462,7974,515,661
6,743,0286,460,6254,509,941
6,735,6096,453,4944,502,749

Source: Board of Governors of the Federal Reserve System, H.4.1 Factors Affecting Reserve Balances. Observed .

What this number cannot tell you
  • The H.4.1 counts securities at face value plus, for TIPS, their inflation compensation, so its Treasury line differs from the New York Fed's par value above.
  • Securities held outright include mortgage-backed securities and federal agency debt as well as Treasury securities. The record begins on 18 December 2002.

When do the Fed's Treasury holdings mature?

Federal Reserve Treasury holdings by calendar year of maturity, week to 30 September 2026 ($ million, par value)
Maturing inPar valueShare
2026508,32811.4%
2027615,02413.8%
2028432,1779.7%
2029370,3738.3%
2030242,3835.4%
2031266,1706.0%
2032157,2713.5%
203391,9322.1%
203446,9271.1%
203575,8411.7%
Show 21 more rows
Maturing inPar valueShare
203668,6551.5%
203726,6020.6%
203833,6160.8%
2039105,4112.4%
2040209,3504.7%
2041203,5364.6%
2042135,1613.0%
204394,9532.1%
204482,7561.9%
2045104,7122.3%
204685,7601.9%
204759,3351.3%
204843,0761.0%
204965,8571.5%
205066,1581.5%
205179,3931.8%
205264,5771.4%
205327,0400.6%
205426,3630.6%
205542,8341.0%
205626,5670.6%

Source: Federal Reserve Bank of New York, SOMA Holdings, Treasury securities. Observed .

Observed
Checked by us
Sources and licence

Sources and licence

  • © 2026 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org. The Federal Reserve share of maturities is computed by 500metrics. (source). Licence: Federal Reserve Bank of New York terms of use
  • U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data (source). Licence: Public domain, a work of the US federal government
  • Board of Governors of the Federal Reserve System, H.4.1 Factors Affecting Reserve Balances (source). Licence: Public domain, a work of the US federal government

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