View the total value of the assets of all Federal Reserve Banks as reported in the weekly balance sheet.

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest *** trillion U.S. dollars at the end of 2007, it ballooned to approximately **** trillion U.S. dollars by May 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic - both of which resulted in negative annual GDP growth in the U.S. - showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies. Impact on inflation and interest rates The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached * percent in 2022, the highest since 1991. However, by *************, inflation had declined to *** percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at **** percent in ***********, before the first rate cut since ************** occurred in **************. Financial implications for the Federal Reserve The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2023, the Fed reported a negative net income of ***** billion U.S. dollars, a stark contrast to the ***** billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over *** billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of ****** billion U.S. dollars in the same year.

Graph and download economic data for Balance Sheet: Total Assets: Securities (QBPBSTASSC) from Q1 1984 to Q1 2025 about securities, assets, and USA.

As of December 31, 2023, the largest asset group on the Federal Reserve’s balance sheet was treasury securities, totaling roughly 5 trillion U.S. dollars. Federal agency and government-sponsored enterprise mortgage-backed securities were the second-largest asset group, amounting to approximately 2.5 trillion U.S. dollars. The total value of the Federal Reserve’s balance sheet was 7.84 trillion U.S. dollars.

The Federal Reserve's balance sheet ballooned following its announcement to carry out quantitative easing to increase the liquidity of U.S. banks in early 2020. The balance sheet continued to grow in the following period as well, with a downward trend in 2023. As of February 29, 2024, the Fed's balance sheet amounted to roughly 7.6 trillion U.S. dollars. The most drastic increase in the observed period took place in the first half of 2020. This measure was taken to increase the money supply and stimulate economic growth in the wake of the damage caused by the COVID-19 pandemic. The Federal Reserve was not the only institution that implemented an expansionary monetary policy in response to the pandemic. For instance, the European Central Bank expanded its money supply in March 2020 and kept doing so over the following months. How do central banks increase the amount of money in circulation? Central banks can increase the money circulating in the economy in many ways. For instance, they can decrease banks’ reserve requirements to stimulate lending or decrease the interest rates to reduce the cost of borrowing for commercial banks. Alternatively, central banks can engage in open market operations (OMO) and buy securities such as government bonds from commercial banks or institutions. By conducting open market operations, the Federal Reserve expanded its balance sheet by seven trillion U.S. dollars between 2007 and 2023. All these measures aim to increase bank loans to entrepreneurs and consumers in order to stimulate employment and economic growth. Impact of COVID-19 on the U.S. economy The COVID-19 pandemic had a tremendous impact on national economies worldwide, and the United States was no exception. During the early months of the crisis, many lost their jobs, mostly those in lower-income categories. As a consequence, many Americans found it difficult to pay their rent and cover basic household expenses. Furthermore, in April 2022, most small business owners claimed that the pandemic had a large or moderate negative effect on their businesses. Overall, the gross domestic product (GDP) of the United States decreased by roughly 2.2 percent in 2020. In the following years, however, it increased notably, surpassing 25 trillion U.S. dollars in 2022.

FRB: Assets: GS: Treasury Secs data was reported at 2,359.893 USD bn in 25 Jul 2018. This records an increase from the previous number of 2,359.766 USD bn for 18 Jul 2018. FRB: Assets: GS: Treasury Secs data is updated weekly, averaging 742.870 USD bn from Jun 1996 (Median) to 25 Jul 2018, with 1153 observations. The data reached an all-time high of 2,465.727 USD bn in 25 Oct 2017 and a record low of 385.047 USD bn in 24 Jul 1996. FRB: Assets: GS: Treasury Secs data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KB001: Balance Sheet: Federal Reserve Banks.

Among the 12 Federal Reserve Banks of the Federal Reserve System in the United States, the Federal Reserve Bank of New York held by far the highest value of assets in 2023. With approximately 4.3 trillion U.S. dollars on its balance sheet, the Federal Reserve Bank of New York held over 50 percent of the Fed's total assets. It was followed by the Federal Reserve Bank of San Francisco.

FRB: Assets: Govt Securities Held Outright (GS) data was reported at 4,071.830 USD bn in 25 Jul 2018. This records a decrease from the previous number of 4,084.466 USD bn for 18 Jul 2018. FRB: Assets: Govt Securities Held Outright (GS) data is updated weekly, averaging 758.575 USD bn from Jun 1996 (Median) to 25 Jul 2018, with 1153 observations. The data reached an all-time high of 4,258.966 USD bn in 12 Apr 2017 and a record low of 382.378 USD bn in 31 Jul 1996. FRB: Assets: Govt Securities Held Outright (GS) data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KB001: Balance Sheet: Federal Reserve Banks.

United States - Balance Sheet: Earning Assets was 21870777.43800 Mil. of U.S. $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Balance Sheet: Earning Assets reached a record high of 21999724.07400 in July of 2024 and a record low of 21178435.78000 in July of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Balance Sheet: Earning Assets - last updated from the United States Federal Reserve on May of 2025.

United States - Balance Sheet: Total Assets: Acceptances of Other Banks was 2314599.84400 Mil. of U.S. $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Balance Sheet: Total Assets: Acceptances of Other Banks reached a record high of 2594322.66400 in July of 2024 and a record low of 2314599.84400 in October of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Balance Sheet: Total Assets: Acceptances of Other Banks - last updated from the United States Federal Reserve on May of 2025.

United States FB: Balance Sheet: Assets data was reported at 101,502.578 USD bn in Jun 2018. This records an increase from the previous number of 100,929.304 USD bn for Mar 2018. United States FB: Balance Sheet: Assets data is updated quarterly, averaging 9,486.196 USD bn from Dec 1951 (Median) to Jun 2018, with 267 observations. The data reached an all-time high of 101,502.578 USD bn in Jun 2018 and a record low of 479.801 USD bn in Dec 1951. United States FB: Balance Sheet: Assets data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB078: Integrated Macroeconomic Accounts: Financial Business.

The H.8 release provides an estimated weekly aggregate balance sheet for all commercial banks in the United States. The release also includes separate balance sheet aggregations for several bank groups: domestically chartered commercial banks; large domestically chartered commercial banks; small domestically chartered commercial banks; and foreign-related institutions in the United States. Foreign-related institutions include U.S. branches and agencies of foreign banks as well as Edge Act and agreement corporations. Published weekly, the release is typically available to the public by 4:15 p.m. each Friday. If Friday is a federal holiday, then the data are released on Thursday.The H.8 release is primarily based on data that are reported weekly by a sample of approximately 875 domestically chartered banks and foreign-related institutions. As of December 2009, U.S. branches and agencies of foreign banks accounted for about 60 of the weekly reporters and domestically chartered banks made up the rest of the sample. Data for domestically chartered commercial banks and foreign-related institutions that do not report weekly are estimated at a weekly frequency based on quarterly Call Report data.

Graph and download economic data for Balance Sheet: Total Assets: Securities: Mortgage-Backed Securities (QBPBSTASSCMRTSEC) from Q1 1984 to Q1 2025 about mortgage-backed, securities, assets, and USA.

Graph and download economic data for Assets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level (TREAST) from 2002-12-18 to 2025-06-04 about maturity, securities, Treasury, and USA.

Among the 12 Federal Reserve Banks of the Federal Reserve System (Fed) in the United States, the Federal Reserve Bank of New York held by far the highest value of U.S. Treasury securities in 2023. With roughly 2.8 trillion U.S. dollars worth of securities, the Federal Reserve Bank of New York held over 50 percent of all U.S. Treasury securities of the Fed. It was followed by the Federal Reserve Bank of San Francisco.

United States - Balance Sheet: Total Assets: Securities was 5585105.11700 Mil. of U.S. $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Balance Sheet: Total Assets: Securities reached a record high of 6260348.22300 in January of 2022 and a record low of 5303500.20700 in July of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Balance Sheet: Total Assets: Securities - last updated from the United States Federal Reserve on May of 2025.

Graph and download economic data for Security Brokers and Dealers; Total Assets (Balance Sheet), Level (BOGZ1FL664090663Q) from Q4 1945 to Q4 2024 about brokers, dealers, balance sheet, securities, assets, and USA.

Graph and download economic data for Balance Sheet: Total Assets: Securities: State and Municipal Securities (QBPBSTASSCSTMNSC) from Q1 1984 to Q1 2025 about municipal, state & local, balance sheet, securities, assets, government, and USA.

United States - Balance Sheet: Total Assets: Securities: Mortgage-Backed Securities was 2964233.37100 Mil. of U.S. $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Balance Sheet: Total Assets: Securities: Mortgage-Backed Securities reached a record high of 2977839.98300 in July of 2024 and a record low of 2910487.60100 in April of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Balance Sheet: Total Assets: Securities: Mortgage-Backed Securities - last updated from the United States Federal Reserve on May of 2025.

Graph and download economic data for Life Insurance Companies, General Accounts; Total Assets (Balance Sheet), Level (BOGZ1FL544090073A) from 1945 to 2024 about general accounts, life, balance sheet, insurance, assets, and USA.