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How much US Treasury debt was due within a year on 31 March 2023?

On , $7.21 trillion of marketable US Treasury debt was due within 12 months, 6.9% more than a year earlier ($6.74 trillion on ), the largest amount since .

April 2023 is the largest month, with $1.54 trillion

Marketable Treasury debt maturing each month, $ trillion

  • Bills
  • Notes and bonds
  • TIPS and floating rate notes
April 2023 is the largest month, with $1.54 trillion0.000.501.001.502.00Apr1.54May1.19Jun0.93Jul0.71Aug0.61Sep0.43Oct0.31Nov0.35Dec0.23Jan0.36Feb0.32Mar0.23April 2023 is the largest month, with $1.54 trillion0.000.501.001.502.00AprJunAugOctDecFeb

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 20231,540,2731,211,801186,497056,62785,34815
May 20231,187,266908,022279,24400014
June 2023926,986740,685186,30100013
July 2023714,383395,318183,691052,69182,68214
August 2023608,318306,050279,60922,6590011
September 2023429,359242,377186,9820008
October 2023308,60438,253188,2470082,1046
November 2023349,65077,575272,0750007
December 2023233,21238,497194,7160005
January 2024360,71637,621196,677052,52973,8877
February 2024318,25237,454280,7990006
March 2024228,47135,179193,2920004
All of these months7,205,4904,068,8322,628,13022,659161,848324,021110

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

What is all marketable debt made of?

KindAmount, $ millionShare
Bills4,068,83216.7%
Notes13,737,81756.4%
Bonds4,063,66516.7%
TIPS1,905,6087.8%
Floating rate notes601,4072.5%
All marketable debt24,377,329100.0%

Bills, the securities that mature within a year of issue, made up 16.7% of marketable debt at the month-end and 56.5% of what matures in the months above.

Weighted by amount, marketable debt had 74.0 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 20237,205,4904,068,83256.5%
31 March 20226,742,8073,928,96058.3%

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 20231,540,273143,8339.3%
May 20231,187,266179,36615.1%
June 2023926,98691,6359.9%
July 2023714,38378,30211.0%
August 2023608,318146,31624.1%
September 2023429,35950,50811.8%
October 2023308,60456,71118.4%
November 2023349,65073,77521.1%
December 2023233,21250,20421.5%
January 2024360,71656,84415.8%
February 2024318,25280,81625.4%
March 2024228,47145,81620.1%

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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