Federal budget & debt · FDHBFRBN
Federal debt held by the Fed
As of Q2 2026, the federal debt held by the Fed had risen 5.5% from a year earlier, compared with a 12-month change of 3.0% in Q1 2026. The latest value was $4.78T.
Source: U.S. Department of the Treasury, Fiscal Service via FRED®. Quarterly data, not seasonally adjusted. Latest observation Q2 2026; snapshot taken Oct 27, 2026, 2:15 AM EDT.
Latest (Q2 2026)
$4.78T
Change from Q1 2026
+1.8%
A year earlier
$4.53T
12-month change
+5.5%
$4.78T Q2 2026 · Billions of dollars
Billions of dollars. Data from Q1 1970 to Q2 2026 (226 observations).
What it measures
This is the amount of federal debt held by Federal Reserve Banks. It grows when the Fed buys Treasury securities and shrinks when it lets them mature without replacing them.
- Official title
- Federal Debt Held by Federal Reserve Banks
- Units
- Billions of dollars
- Frequency and adjustment
- Quarterly, not seasonally adjusted
- Original source
- U.S. Department of the Treasury, Fiscal Service
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| Date | Value | Change | From a year ago |
|---|---|---|---|
| Q2 2026 | $4.78T | +1.8% | +5.5% |
| Q1 2026 | $4.69T | +3.6% | +3.0% |
| Q4 2025 | $4.53T | +0.4% | -2.2% |
| Q3 2025 | $4.51T | -0.5% | -4.3% |
| Q2 2025 | $4.53T | -0.5% | -5.8% |
| Q1 2025 | $4.56T | -1.6% | -8.7% |
| Q4 2024 | $4.63T | -1.8% | -11.6% |
| Q3 2024 | $4.71T | -2.1% | -11.9% |
| Q2 2024 | $4.81T | -3.6% | -12.8% |
| Q1 2024 | $4.99T | -4.7% | -12.6% |
| Q4 2023 | $5.24T | -2.1% | -11.9% |
| Q3 2023 | $5.35T | -3.1% | -12.2% |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- U.S. Department of the Treasury, Fiscal Service, Federal Debt Held by Federal Reserve Banks [FDHBFRBN], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FDHBFRBN, Oct 27, 2026.
- View FDHBFRBN on FRED® · U.S. Department of the Treasury, Fiscal Service
FRED® is a registered trademark of the Federal Reserve Bank of St. Louis. Neither the Federal Reserve Bank of St. Louis nor U.S. Department of the Treasury, Fiscal Service endorses OpenEcon.