Chart assignment
Charts to read and discuss
Read each chart, then answer its questions. Every chart shows its source and date; open it for a table of the numbers and the data to download.
Chart 1 of 1 · Federal budget
Who owns the US national debt?
The interactive chart needs JavaScript. The numbers are on the chart's page.
At the end of August 2026 the federal debt was $40.2 trillion. Other U.S. investors (banks, mutual funds, pension funds, state and local governments and people) held $18.5 trillion, 46%. Foreign investors held $9.33 trillion (23%), federal trust funds such as Social Security's held $7.76 trillion (19%), and the Federal Reserve $4.55 trillion (11%). Foreign holdings are Treasury's TIC estimate, partly at market value, and the U.S. share is what's left after the others, so the split is approximate.
Questions to discuss
- In one sentence of your own, what does this chart show?
- Find the biggest change or difference in the chart. What might explain it?
- Who collected these numbers, and how recent are they? What else would you want to know before drawing a conclusion?
Source: U.S. Treasury Fiscal Data, Debt to the Penny; U.S. Treasury, TIC Major Foreign Holders of Treasury Securities; Federal Reserve Bank of New York, SOMA Holdings (Treasury data public domain (U.S. government work). The SOMA Holdings data is subject to the Terms of Use posted at newyorkfed.org; the New York Fed is not responsible for publication.) · Data as of Aug 31, 2026
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