Federal Debt Held by Federal Reserve Banks as Percent of Gross Domestic Product (HBFRGDQ188S)

Q2 2026: 14.67956
Updated: Oct 28, 2026 7:22 PM CDT
Q2 2026:  14.67956  
Q1 2026:  14.71043  
Q4 2025:  14.39283  
Q3 2025:  14.46264  
Q2 2025:  14.79804  
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Units:

Percent of GDP,
Seasonally Adjusted

Frequency:

Quarterly

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Notes

Source: U.S. Office of Management and Budget  

Source: Federal Reserve Bank of St. Louis  

Release: Debt to Gross Domestic Product Ratios

Units:  Percent of GDP, Seasonally Adjusted

Frequency:  Quarterly

Notes:

Federal Debt Held by Federal Reserve Banks as Percent of Gross Domestic Product (HBFRGDQ188S) was first constructed by the Federal Reserve Bank of St. Louis in October 2012. It is calculated using Federal Debt Held by Federal Reserve Banks (FDHBFRBN) and Gross Domestic Product, 1 Decimal (GDP):
HBFRGDQ188S = (FDHBFRBN/GDP)*100

Suggested Citation:

U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis, Federal Debt Held by Federal Reserve Banks as Percent of Gross Domestic Product [HBFRGDQ188S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HBFRGDQ188S, .

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