An independent publication
Vol. I, No. 13 Afternoon Edition
A civic journal of money and credit
Live Federal Reserve rates, FOMC decisions, speeches, and Treasury data, with every figure copied from the agency that published it.
Published · Updated
The Fed's balance sheet is the list of what the Federal Reserve owns, mainly Treasury and mortgage securities, and what it owes, mainly bank reserves and currency in circulation.
On the asset side, the Fed holds Treasury securities and mortgage-backed securities, along with smaller items. On the liability side are the cash in circulation, the reserve balances that banks keep at the Fed, and the Treasury's own account at the Fed, the Treasury General Account.
The Fed grows its balance sheet by buying securities, which adds reserves to the banking system. It shrinks it by letting securities mature without replacing them, which is called quantitative tightening, or by selling. The FOMC decides which path to follow and says so in its statements.
Changes in the Treasury's account also move reserves. When the Treasury collects more cash, its account at the Fed rises and reserves in the banking system fall, all else equal.
The Board publishes the balance sheet every week in the H.4.1 release. The New York Fed publishes the SOMA summary, which lists the securities the Fed manages. The Treasury publishes its own cash balance in the Daily Treasury Statement. This paper prints stored values from each of them, with the source and the as-of date, and does not add or net them.
Stored as the agency published it. This paper does not forecast or compute a change here.
Source: Federal Reserve Bank of New York, SOMA summary history · as of · retrieved
Cite the agency first. This paper is the place you read the figure, as of Oct 7, 2026.
| As of | Total |
|---|---|
| Sep 24, 2003 | $654,473,316,000.00 |
| Dec 31, 2003 | $665,000,116,000.00 |
| Mar 31, 2004 | $672,391,366,000.00 |
| Jun 30, 2004 | $685,454,366,000.00 |
| Sep 29, 2004 | $696,482,366,000.00 |
| Dec 29, 2004 | $715,507,486,000.00 |
| Mar 30, 2005 | $715,209,519,000.00 |
| Jun 29, 2005 | $723,226,552,000.00 |
| Sep 28, 2005 | $733,168,152,000.00 |
| Dec 28, 2005 | $740,848,599,000.00 |
| Mar 29, 2006 | $755,193,221,000.00 |
| Jun 28, 2006 | $762,595,446,000.00 |
| Sep 27, 2006 | $764,827,929,000.00 |
| Dec 27, 2006 | $774,987,618,000.00 |
| Mar 28, 2007 | $777,347,825,000.00 |
| Jun 27, 2007 | $786,149,825,000.00 |
| Sep 26, 2007 | $774,913,483,000.00 |
| Dec 26, 2007 | $749,750,234,000.00 |
| Mar 26, 2008 | $607,579,161,000.00 |
| Jun 25, 2008 | $473,302,960,000.00 |
| Sep 24, 2008 | $479,985,502,900.00 |
| Dec 31, 2008 | $489,693,502,900.00 |
| Mar 25, 2009 | $757,262,829,168.00 |
| Jun 24, 2009 | $1,212,040,431,153.80 |
| Sep 30, 2009 | $1,587,020,034,300.00 |
| Dec 30, 2009 | $1,838,849,745,975.50 |
| Mar 31, 2010 | $2,008,756,703,446.30 |
| Jun 30, 2010 | $2,054,460,166,266.20 |
| Sep 29, 2010 | $2,038,827,407,489.00 |
| Dec 29, 2010 | $2,149,525,358,436.20 |
| Mar 30, 2011 | $2,396,289,704,916.10 |
| Jun 29, 2011 | $2,633,633,441,174.70 |
| Sep 28, 2011 | $2,634,157,473,454.20 |
| Dec 28, 2011 | $2,603,764,526,266.30 |
| Mar 28, 2012 | $2,589,017,878,975.60 |
| Jun 27, 2012 | $2,603,158,121,301.90 |
| Sep 26, 2012 | $2,556,821,729,413.80 |
| Dec 26, 2012 | $2,649,332,839,120.30 |
| Mar 27, 2013 | $2,926,952,334,818.20 |
| Jun 26, 2013 | $3,194,599,884,715.00 |
| Sep 25, 2013 | $3,454,330,232,934.70 |
| Dec 31, 2013 | $3,742,632,690,427.80 |
| Mar 26, 2014 | $3,948,089,960,865.10 |
| Jun 25, 2014 | $4,088,813,507,970.90 |
| Sep 24, 2014 | $4,178,343,086,869.30 |
| Dec 31, 2014 | $4,220,690,108,476.80 |
| Mar 25, 2015 | $4,213,964,708,612.80 |
| Jun 24, 2015 | $4,227,464,404,825.00 |
| Sep 30, 2015 | $4,221,499,920,390.40 |
| Dec 30, 2015 | $4,225,583,667,597.60 |
| Mar 30, 2016 | $4,227,737,869,418.30 |
| Jun 29, 2016 | $4,213,862,766,793.10 |
| Sep 28, 2016 | $4,203,567,172,677.70 |
| Dec 28, 2016 | $4,203,366,691,374.20 |
| Mar 29, 2017 | $4,228,959,674,894.20 |
| Jun 28, 2017 | $4,224,719,509,413.80 |
| Sep 27, 2017 | $4,221,655,151,614.20 |
| Dec 27, 2017 | $4,203,854,982,331.50 |
| Mar 28, 2018 | $4,163,864,039,501.30 |
| Jun 27, 2018 | $4,080,701,043,257.30 |
| Sep 26, 2018 | $3,975,452,883,030.40 |
| Dec 26, 2018 | $3,857,873,039,174.80 |
| Mar 27, 2019 | $3,749,234,437,230.70 |
| Jun 26, 2019 | $3,621,864,604,309.80 |
| Sep 25, 2019 | $3,552,957,176,149.20 |
| Dec 31, 2019 | $3,714,482,596,780.60 |
| Mar 25, 2020 | $4,336,011,382,965.00 |
| Jun 24, 2020 | $6,107,308,210,209.90 |
| Sep 30, 2020 | $6,390,379,082,800.20 |
| Dec 30, 2020 | $6,687,077,217,563.09 |
| Mar 31, 2021 | $7,083,224,261,791.89 |
| Jun 30, 2021 | $7,450,262,558,653.42 |
| Sep 29, 2021 | $7,863,880,504,300.80 |
| Dec 29, 2021 | $8,197,891,860,011.00 |
| Mar 30, 2022 | $8,398,359,684,121.30 |
| Jun 29, 2022 | $8,384,742,591,811.30 |
| Sep 28, 2022 | $8,272,288,169,977.00 |
| Dec 28, 2022 | $8,041,875,253,601.80 |
| Mar 29, 2023 | $7,822,324,033,290.50 |
| Jun 28, 2023 | $7,577,439,912,355.20 |
| Sep 27, 2023 | $7,329,489,160,028.60 |
| Dec 27, 2023 | $7,110,733,520,330.00 |
| Mar 27, 2024 | $6,895,845,250,739.80 |
| Jun 26, 2024 | $6,673,467,890,478.70 |
| Sep 25, 2024 | $6,551,103,309,394.10 |
| Dec 31, 2024 | $6,408,308,868,072.60 |
| Mar 26, 2025 | $6,319,641,344,480.90 |
| Jun 25, 2025 | $6,242,120,746,578.70 |
| Sep 24, 2025 | $6,191,231,192,275.50 |
| Dec 31, 2025 | $6,154,707,149,716.80 |
| Mar 25, 2026 | $6,271,471,713,765.80 |
| Jun 24, 2026 | $6,344,345,567,445.70 |
| Sep 30, 2026 | $6,358,573,997,880.20 |
| Oct 7, 2026 | $6,360,519,997,880.20 |
Mainly Treasury securities and mortgage-backed securities. The New York Fed's SOMA summary lists the holdings by type.
The Treasury's checking account at the Federal Reserve. Its balance is published in the Daily Treasury Statement.
The Board's H.4.1 release is weekly. The New York Fed's SOMA summary updates on its own schedule, and each page here shows the as-of date.
