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How much US Treasury debt was due within a year on 31 December 2024?

On , $9.26 trillion of marketable US Treasury debt was due within 12 months, 5.5% more than a year earlier ($8.78 trillion on ).

January 2025 is the largest month, with $2.50 trillion

Marketable Treasury debt maturing each month, $ trillion

  • Bills
  • Notes and bonds
  • TIPS and floating rate notes
January 2025 is the largest month, with $2.50 trillion0.001.002.003.00Jan2.50Feb1.61Mar1.09Apr0.97May0.72Jun0.51Jul0.34Aug0.32Sep0.23Oct0.40Nov0.32Dec0.25January 2025 is the largest month, with $2.50 trillion0.001.002.003.00JanMarMayJulSepNov

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
January 20252,496,1402,146,947179,6820101,52267,98816
February 20251,612,9461,323,510279,9269,5090014
March 20251,092,375913,693178,68100012
April 2025970,651674,938181,967043,44570,30115
May 2025715,422440,330275,09200010
June 2025514,320338,576175,7440008
July 2025340,26048,584165,292054,50571,8797
August 2025321,28249,683260,41111,187007
September 2025226,71746,518180,1980005
October 2025402,306103,843178,762041,70178,0008
November 2025323,01551,320271,6950006
December 2025245,80648,938196,8680005
All of these months9,261,2396,186,8822,524,31920,696241,174288,167113

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

What is all marketable debt made of?

KindAmount, $ millionShare
Bills6,186,88221.9%
Notes14,565,39651.5%
Bonds4,811,64017.0%
TIPS2,078,0667.3%
Floating rate notes634,1082.2%
All marketable debt28,276,092100.0%

Bills, the securities that mature within a year of issue, made up 21.9% of marketable debt at the month-end and 66.8% of what matures in the months above.

Weighted by amount, marketable debt had 70.8 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 December 20249,261,2396,186,88266.8%
31 December 20238,778,3005,675,78164.7%

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
January 20252,496,140120,8984.8%
February 20251,612,946135,6868.4%
March 20251,092,37541,1333.8%
April 2025970,65162,9136.5%
May 2025715,422110,72615.5%
June 2025514,32033,5376.5%
July 2025340,26038,30811.3%
August 2025321,28275,12923.4%
September 2025226,71717,4477.7%
October 2025402,30629,4777.3%
November 2025323,01550,54715.6%
December 2025245,80624,3869.9%

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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