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Fed holdings · System Open Market Account

How much US Treasury debt does the Federal Reserve hold?

In the week to , the Federal Reserve held $4.47 trillion of Treasury securities at par value, 14.0% of the marketable debt outstanding on .

Federal Reserve holdings of Treasury securities each week, par value

1,216 weeks, to

Federal Reserve holdings of Treasury securities each week, par value, 9 July 2003 to 21 October 2026
Federal Reserve holdings of Treasury securities each week, par value, 26 October 2016 to 21 October 2026
Federal Reserve holdings of Treasury securities each week, par value, 23 October 2024 to 21 October 2026

Federal Reserve Treasury holdings by calendar year of maturity, par value

Week to 21 October 2026

Federal Reserve Treasury holdings by calendar year of maturity, par value, 2026 to 2056

Each point is one week's holding, at par value; pointing at the chart shows its week and figure.

Select a line to followLatest:

  • Share of marketable debt14.0%
Inspect and compare dates

The newest week beside the one before it and the nearest ones a year, five and ten years earlier, at par value. Every week is in the table under "The numbers behind the chart".

MeasureLatestThe week beforeA year earlierFive years earlierTen years earlier
Week to
Par value4,466,3184,463,9754,084,5755,433,6592,446,200
Change to the newest week2,343381,743−967,3412,020,118

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

Observed .

Right now

The Federal Reserve held $4.47 trillion of Treasury securities in the week to , $1.22 trillion less than at its peak on .

Up $2.34 billion from the week before () and up $381.82 billion from a year earlier (). It held 433 Treasury securities.

By kindPar value and share

Notes and bonds made up the largest part of the Fed's Treasury holdings in the week to , 80.6%.

  • Bills $567.88B 12.7%
  • Notes and bonds $3.60T 80.6%
  • TIPS $277.66B 6.2%
  • Floating rate notes $20.05B 0.4%

When they mature

The balance sheetThe Board's H.4.1

Securities held outright were $6.47 trillion on Wednesday , from the Board's H.4.1.

Its lines each Wednesday since : the Federal Reserve balance sheet.

Every line of the H.4.1

Understanding the Fed's holdings

Where it stands today

The Fed held $4.47T of Treasury securities in the week to , 14.0% of marketable debt.

What changes the Fed's holdings?

Holdings change as the Fed buys securities, rolls maturing ones into new issues, or lets them mature without replacing them.

Read more

Par value is the face amount; for TIPS it leaves out the inflation compensation the New York Fed lists beside it.

The share compares a weekly holding with the newest month-end of marketable debt, so the dates differ by up to a month.

The numbers behind the chart

What did the Fed hold each week?The last two years week by week, then each month's last week; $ million, par value

Every week since , and before that the last week of each month, back to : 361 of the 1,216 weeks the chart draws, newest first.

Federal Reserve Treasury holdings each week of the last two years, then at each month's last week ($ million, par value)
Week toPar value
4,466,318
4,463,975
4,460,084
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
Show 349 more rows
Week toPar value
4,412,446
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
4,266,678
4,281,731
4,296,765
4,335,124
4,372,785
4,426,524
4,505,063
4,550,459
4,581,470
4,676,614
4,729,122
4,799,710
4,847,416
4,897,005
4,972,816
5,036,954
5,058,348
5,161,790
5,225,497
5,263,737
5,333,786
5,398,126
5,415,029
5,508,818
5,571,783
5,594,879
5,641,222
5,673,068
5,682,369
5,682,369
5,680,763
5,666,562
5,642,755
5,580,053
5,511,069
5,447,460
5,366,850
5,285,433
5,206,818
5,128,278
5,036,686
4,967,071
4,896,194
4,800,846
4,723,231
4,645,262
4,563,521
4,485,269
4,405,257
4,321,119
4,258,050
4,161,520
4,072,669
3,935,381
2,949,101
2,448,675
2,383,660
2,303,459
2,223,490
2,150,972
2,083,353
2,071,348
2,056,943
2,086,791
2,091,976
2,131,618
2,154,165
2,160,870
2,198,355
2,218,341
2,230,963
2,248,394
2,291,281
2,302,698
2,338,315
2,357,021
2,366,391
2,392,902
2,405,105
2,405,105
2,417,005
2,434,538
2,437,235
2,446,738
2,446,738
2,446,538
2,446,538
2,446,343
2,446,343
2,446,543
2,446,513
2,446,313
2,446,313
2,445,800
2,446,200
2,446,200
2,446,200
2,446,200
2,445,800
2,445,226
2,445,226
2,445,426
2,445,399
2,445,399
2,445,173
2,445,173
2,445,173
2,445,174
2,445,174
2,445,175
2,445,176
2,445,176
2,445,177
2,445,177
2,445,179
2,445,180
2,445,180
2,445,181
2,445,182
2,445,183
2,432,055
2,419,414
2,404,073
2,381,258
2,355,514
2,335,778
2,297,643
2,264,914
2,229,830
2,195,250
2,149,921
2,104,173
2,048,674
2,010,428
1,969,469
1,915,826
1,870,934
1,824,337
1,783,597
1,739,083
1,699,409
1,645,992
1,635,795
1,634,962
1,638,438
1,629,449
1,641,538
1,656,695
1,647,020
1,658,584
1,655,754
1,652,535
1,652,078
1,662,475
1,662,206
1,668,265
1,655,006
1,642,632
1,628,850
1,608,076
1,511,435
1,406,527
1,326,640
1,207,029
1,108,399
1,009,924
895,424
832,242
806,183
779,081
771,571
771,571
771,571
771,571
771,072
771,072
771,072
770,714
770,714
768,778
763,479
739,187
690,435
648,189
595,248
544,456
470,714
470,714
470,714
469,986
469,986
469,986
469,986
473,303
473,303
473,303
485,859
543,805
607,579
708,807
713,807
749,750
774,913
774,913
774,913
779,913
786,150
786,150
786,150
783,414
777,348
777,348
775,470
774,988
768,492
764,264
764,828
762,732
760,863
762,595
758,865
756,289
755,193
749,416
743,330
740,849
740,849
736,523
733,168
727,592
721,922
723,227
720,404
716,199
715,210
715,542
715,507
715,507
709,400
704,588
696,482
692,726
691,656
685,454
678,766
674,610
672,391
669,920
665,433
665,000
662,880
657,085
654,463
652,196
651,393

Observed .

What kinds of Treasury securities does the Fed hold?$ million, par value
Federal Reserve Treasury holdings by kind, week to 21 October 2026 ($ million, par value)
KindPar valueShare
Bills567,87512.7%
Notes and bonds3,600,74280.6%
TIPS277,6566.2%
Floating rate notes20,0460.4%
All Treasury securities4,466,318100.0%
Securities held433
Marketable Treasury debt outstanding31,831,22614.0%

Observed .

When do the Fed's Treasury holdings mature?By calendar year, $ million
Federal Reserve Treasury holdings by calendar year of maturity, week to 21 October 2026 ($ million, par value)
Maturing inPar valueShare
2026454,62510.2%
2027674,08115.1%
2028432,1779.7%
2029371,7508.3%
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
203669,5811.6%
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%
205627,0890.6%

Observed .

What else is on the Fed's balance sheet?The Board's H.4.1, Wednesday levels, $ million
Federal Reserve Board H.4.1, Wednesday levels, 21 October 2026 ($ million)
Line21 October 2026Wednesday before52 weeks earlier
Total assets of the Federal Reserve6,753,6046,755,6396,589,533
Securities held outright6,470,1786,471,0596,281,420
US Treasury securities held outright4,572,6544,570,5524,196,467
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
6,753,6046,470,1784,572,654
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
6,753,6046,470,1784,572,654
6,755,6396,471,0594,570,552
6,747,5606,466,8204,566,384
6,743,0316,464,5974,564,161
6,747,7046,471,0884,558,332
Show 8 more rows
WednesdayTotal assets of the Federal ReserveSecurities held outrightUS Treasury securities held outright
6,746,5486,470,3204,554,450
6,740,6196,468,2694,552,337
6,737,2046,468,2784,552,347
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

Observed .

What do the figures leave out, and what are their dates?Limits and dates

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.

Dates

Observed
Checked by us

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Sources

© 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) Terms: Federal Reserve Bank of New York terms of use.