Observations

Sep 2025: 25,179.3

Updated: Oct 17, 2025 4:42 PM CDT

Units:

Billions of Dollars,

Not Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Market Value of Privately Held Gross Federal Debt	2016-03-10	2025-10-10

Source

Federal Reserve Bank of Dallas	2016-03-10	2025-10-10

Release

Market Value of U.S. Government Debt	2016-03-10	2025-10-10

Units

Billions of Dollars	2016-03-10	2025-10-10

Frequency

Monthly	2016-03-10	2025-10-10

Seasonal Adjustment

Not Seasonally Adjusted	2016-03-10	2025-10-10

Notes

For many uses, market value more accurately represents the debt burden faced by the U.S. government than the par value. The par value of government debt, which is reported by the U.S. Treasury Department, reflects interest rates at the time the debt was issued while the market value is adjusted to reflect market interest rates as of the observed period. Federal Reserve Bank of Dallas researchers calculates the market value of U.S. government debt series. For further information visit http://www.dallasfed.org/research/econdata/govdebt.cfm.	2016-03-10	2025-10-10

Market Value of Privately Held Gross Federal Debt (MVPHGFD027MNFRBDAL)