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Cake day: June 11th, 2025

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  • The United States Federal Reserve banks currently holds over $4.5 trillion dollars of US Government debt, as of Q1 2025. That’s $4.5 trillion the government owes to the Fed, through Treasuries and other instruments. That number spiked during Covid and has been slowly unwinding as they reduce back to normal levels.

    I wasn’t able to find any articles showing how much money the Fed may owe the government with a quick search, but I would definitely be interested in seeing your source. Generally speaking, the Fed has no particular need for money given that they can literally just edit the amount of money in their bank accounts if they want to, and any borrowing they do would be for other reasons.