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How much US Treasury debt was due within a year on 31 March 2020?

On , $4.89 trillion of marketable US Treasury debt was due within 12 months, 9.0% more than a year earlier ($4.49 trillion on ), the largest amount of any month-end we hold.

April 2020 is the largest month, with $1.12 trillion

Marketable Treasury debt maturing each month, $ trillion

  • Bills
  • Notes and bonds
  • TIPS and floating rate notes
April 2020 is the largest month, with $1.12 trillion0.000.501.001.50Apr1.12May0.83Jun0.50Jul0.43Aug0.41Sep0.31Oct0.21Nov0.23Dec0.18Jan0.26Feb0.25Mar0.17April 2020 is the largest month, with $1.12 trillion0.000.501.001.50AprJunAugOctDecFeb

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

Each month as a table
Marketable Treasury debt maturing each month ($ million)
Maturing inTotalBillsNotesBondsTIPSFRNsSecurities
April 20201,122,959892,241124,404055,14451,17015
May 2020829,707619,256202,8697,5820014
June 2020498,842372,617126,2250008
July 2020431,213213,308125,439038,29554,17111
August 2020405,780187,119201,60217,0590010
September 2020309,820184,838124,9830008
October 2020210,56827,997125,9910056,5806
November 2020228,75128,000200,7520006
December 2020179,99251,999127,9930006
January 2021255,04926,357129,449043,24855,9957
February 2021251,52626,551214,89910,076007
March 2021166,25627,155139,1010004
All of these months4,890,4652,657,4391,843,70634,717136,687217,916102

The table scrolls sideways; the first column stays in place.

What is all marketable debt made of?

KindAmount, $ millionShare
Bills2,657,43915.5%
Notes10,092,46158.8%
Bonds2,429,52714.2%
TIPS1,525,4778.9%
Floating rate notes449,0272.6%
All marketable debt17,153,931100.0%

Bills, the securities that mature within a year of issue, made up 15.5% of marketable debt at the month-end and 54.3% of what matures in the months above.

Weighted by amount, marketable debt had 69.2 months to go until it matures, on average, at the month-end.

How does it compare with a year earlier?

Debt due within the next months ($ million)
Month-endTotalBillsBills share
31 March 20204,890,4652,657,43954.3%
31 March 20194,486,2662,480,03555.3%

About these figures

The Federal Reserve's part and the source

How much of it did the Federal Reserve hold?

Maturing debt held in the Federal Reserve's System Open Market Account ($ million)
Maturing inTotalHeld by the FedFed share
April 20201,122,95984,2287.5%
May 2020829,707120,98614.6%
June 2020498,84257,41611.5%
July 2020431,21373,07116.9%
August 2020405,78087,81321.6%
September 2020309,82032,12810.4%
October 2020210,56816,8698.0%
November 2020228,75146,75120.4%
December 2020179,99243,01323.9%
January 2021255,04931,89312.5%
February 2021251,52675,28329.9%
March 2021166,25620,37112.3%

Source: Federal Reserve Bank of New York, SOMA holdings. Observed .

Source

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

Sources and licence

Sources and licence

  • U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data (source). Licence: Public domain, a work of the US federal government
  • © 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

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