U.S. bank agency mortgage-backed securities in United States

U.S. bank agency mortgage-backed securities in the United States was $2.72 trillion in September 2026, according to the Board of Governors of the Federal Reserve System. That is up 0.5% from September 2025.

September 2026, USD million2,717,620.7

Change on September 2025+0.5%

Series high2,987,586.7February 2022

Series low974,231.9July 2009

Next release: Sunday, 8 November 2026, estimated by Invokely from past publication dates (low confidence), not announced by the publisher. Release calendar

U.S. bank agency mortgage-backed securities in United States, July 2009 to September 2026

USD million. Source: Federal Reserve Board, H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM). Retrieved 2026-10-16, published 2026-10-16.

All 207 values

Period	USD million
2026-09	2,717,620.7
2026-08	2,738,504.9
2026-07	2,754,202.3
2026-06	2,742,126.1
2026-05	2,739,468.8
2026-04	2,730,296.8
2026-03	2,732,243.3
2026-02	2,717,967.9
2026-01	2,704,382.1
2025-12	2,714,262.1
2025-11	2,716,988
2025-10	2,714,040.4
2025-09	2,705,285.2
2025-08	2,693,141.1
2025-07	2,693,640.9
2025-06	2,697,503.6
2025-05	2,687,422.6
2025-04	2,679,242.7
2025-03	2,668,537.7
2025-02	2,641,491.8
2025-01	2,636,191.8
2024-12	2,647,714.6
2024-11	2,651,488.8
2024-10	2,655,671.2
2024-09	2,635,103.9
2024-08	2,614,625.5
2024-07	2,591,587.3
2024-06	2,573,518.7
2024-05	2,545,004.1
2024-04	2,545,741.9
2024-03	2,546,704.6
2024-02	2,543,358.9
2024-01	2,540,930.7
2023-12	2,527,029.1
2023-11	2,505,299.9
2023-10	2,493,912
2023-09	2,526,548.1
2023-08	2,532,408.1
2023-07	2,543,179.5
2023-06	2,551,072.8
2023-05	2,562,605.3
2023-04	2,571,069.1
2023-03	2,632,545.2
2023-02	2,695,910
2023-01	2,695,988.7
2022-12	2,726,517.2
2022-11	2,725,970.5
2022-10	2,746,351.7
2022-09	2,814,342.6
2022-08	2,850,385.2
2022-07	2,860,157.3
2022-06	2,888,325.8
2022-05	2,911,907.1
2022-04	2,942,586.3
2022-03	2,970,632.1
2022-02	2,987,586.7
2022-01	2,983,060.1
2021-12	2,936,140
2021-11	2,923,464.9
2021-10	2,926,428
2021-09	2,884,823.3
2021-08	2,860,443.2
2021-07	2,835,163.1
2021-06	2,808,978
2021-05	2,786,439.3
2021-04	2,734,565.9
2021-03	2,689,101.7
2021-02	2,636,768.9
2021-01	2,582,881.3
2020-12	2,534,215.1
2020-11	2,487,639.3
2020-10	2,408,308.3
2020-09	2,339,016.9
2020-08	2,332,535.3
2020-07	2,269,388.4
2020-06	2,228,047.6
2020-05	2,217,908.9
2020-04	2,221,443.5
2020-03	2,172,288.3
2020-02	2,113,166.3
2020-01	2,102,018
2019-12	2,087,081
2019-11	2,090,259.7
2019-10	2,071,931.1
2019-09	2,047,783.8
2019-08	2,013,689.6
2019-07	2,006,459
2019-06	1,994,615.9
2019-05	1,967,740.3
2019-04	1,959,035.2
2019-03	1,931,794.2
2019-02	1,919,948
2019-01	1,908,351
2018-12	1,879,221.1
2018-11	1,837,694.3
2018-10	1,831,443.7
2018-09	1,829,727.6
2018-08	1,831,708.4
2018-07	1,832,278.7
2018-06	1,824,726
2018-05	1,807,152.7
2018-04	1,799,573.8
2018-03	1,797,545.2
2018-02	1,796,513.6
2018-01	1,808,669.9
2017-12	1,822,074.2
2017-11	1,795,531.9
2017-10	1,790,256
2017-09	1,775,461.3
2017-08	1,764,751.5
2017-07	1,756,102.9
2017-06	1,739,986.6
2017-05	1,726,965
2017-04	1,708,226.8
2017-03	1,703,931.8
2017-02	1,696,347.2
2017-01	1,683,668.3
2016-12	1,673,574.2
2016-11	1,671,496.6
2016-10	1,668,509.8
2016-09	1,648,869.1
2016-08	1,632,788.8
2016-07	1,613,349.8
2016-06	1,597,851.1
2016-05	1,595,236.7
2016-04	1,586,542.9
2016-03	1,569,896.6
2016-02	1,563,481.9
2016-01	1,557,302.9
2015-12	1,564,851.4
2015-11	1,551,531.7
2015-10	1,538,513.4
2015-09	1,521,267.3
2015-08	1,513,961
2015-07	1,493,833.3
2015-06	1,491,146
2015-05	1,481,076.3
2015-04	1,465,593.9
2015-03	1,460,745.1
2015-02	1,440,934.3
2015-01	1,417,526.5
2014-12	1,400,834.5
2014-11	1,387,919.7
2014-10	1,386,458.4
2014-09	1,375,643.5
2014-08	1,364,750.7
2014-07	1,363,546.2
2014-06	1,356,327
2014-05	1,351,297.4
2014-04	1,346,299.6
2014-03	1,348,390.3
2014-02	1,343,017.9
2014-01	1,333,150.8
2013-12	1,326,424.7
2013-11	1,327,199.1
2013-10	1,321,777.9
2013-09	1,324,737.8
2013-08	1,333,784.8
2013-07	1,349,669.2
2013-06	1,358,855.2
2013-05	1,360,991.2
2013-04	1,364,269
2013-03	1,339,815.9
2013-02	1,339,762
2013-01	1,339,805.1
2012-12	1,342,455.6
2012-11	1,331,994
2012-10	1,327,525.4
2012-09	1,340,583.1
2012-08	1,340,240
2012-07	1,332,721.2
2012-06	1,331,405.2
2012-05	1,334,918.5
2012-04	1,334,928
2012-03	1,319,603.1
2012-02	1,297,747.3
2012-01	1,272,418.1
2011-12	1,250,444.6
2011-11	1,236,389.1
2011-10	1,223,743.2
2011-09	1,207,022.5
2011-08	1,187,096.1
2011-07	1,170,471.5
2011-06	1,159,479.5
2011-05	1,152,915.5
2011-04	1,145,197.4
2011-03	1,119,149.9
2011-02	1,109,071.2
2011-01	1,112,896.2
2010-12	1,109,200.1
2010-11	1,121,003.9
2010-10	1,093,071.3
2010-09	1,064,925.7
2010-08	1,054,800.3
2010-07	1,042,609.9
2010-06	1,006,611.5
2010-05	1,011,549.9
2010-04	1,006,544.4
2010-03	1,001,605.1
2010-02	1,010,420
2010-01	1,002,298.3
2009-12	1,000,335.2
2009-11	990,444.4
2009-10	979,708.6
2009-09	980,339.6
2009-08	975,471
2009-07	974,231.9

Revision history

The September 2026 figure was revised once after Invokely first recorded it and still reads $2.72 trillion.

Periods with a revised value or a changed status, newest first. Values in USD million; dates are when Invokely recorded each version (UTC).
Period	First recorded	Latest	Revisions	First recorded on	Last revised on
September 2026	2,717,736.3	2,717,620.7	1	2026-10-12	2026-10-16
August 2026	2,738,248.5	2,738,504.9	1	2026-10-12	2026-10-16
July 2026	2,754,112.5	2,754,202.3	1	2026-10-12	2026-10-16
June 2026	2,742,087.8	2,742,126.1	1	2026-10-12	2026-10-16

Every version, with its dates and source, is available through the get_revisions tool and the /api/v1/revisions endpoint. Methodology

Definition

Seasonally adjusted monthly average balance of mortgage-backed securities issued or guaranteed by U.S. government agencies and government-sponsored enterprises and held by U.S. commercial banks, in USD million. The category includes pass-through securities, collateralized mortgage obligations, REMICs, residuals, and stripped MBS (Federal Reserve H.8, item 4).

H.8 covers commercial banks in the 50 states and the District of Columbia, including domestically chartered banks, U.S. branches and agencies of foreign banks, and Edge Act and agreement corporations. It excludes International Banking Facilities, U.S. territories, savings institutions, credit unions, and consumer finance companies. The XML date is the calendar month-end label, but each monthly level is a pro rata average of estimated weekly Wednesday balances, not a month-end balance. These are balance-sheet stocks, not new lending or loan originations. Some indicators are aggregates with their components also listed, so an aggregate and its components should not be added together. Federal Reserve notes document reporting and category reclassifications that can affect levels; published H.8 growth rates adjust for major nonbank structural changes and accounting changes, while the levels shown here retain these breaks and may not be comparable across them.

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How to cite

Board of Governors of the Federal Reserve System. H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM). https://www.federalreserve.gov/releases/h8/current/. Retrieved 2026-10-16.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

Board of Governors of the Federal Reserve System. (2026). H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM) (U.S. bank agency mortgage-backed securities, United States, 2009-07 to 2026-09) [Data set]. Retrieved October 16, 2026, from https://www.federalreserve.gov/releases/h8/current/

MLA 9

H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM), U.S. bank agency mortgage-backed securities, United States, 2009-07 to 2026-09. Board of Governors of the Federal Reserve System, 16 Oct. 2026, https://www.federalreserve.gov/releases/h8/current/. Invokely, https://invokely.ai/en/us-bank-agency-mortgage-backed-securities/united-states. Accessed 16 Oct. 2026.

Chicago (author-date)

Board of Governors of the Federal Reserve System. 2026. H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM). U.S. bank agency mortgage-backed securities, United States, 2009-07 to 2026-09. Dataset. Accessed October 16, 2026. https://www.federalreserve.gov/releases/h8/current/. Also distributed by Invokely, https://invokely.ai/en/us-bank-agency-mortgage-backed-securities/united-states.

Harvard

Board of Governors of the Federal Reserve System (2026) H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM), U.S. bank agency mortgage-backed securities, United States, 2009-07 to 2026-09 [Dataset]. Available at: https://www.federalreserve.gov/releases/h8/current/, via Invokely: https://invokely.ai/en/us-bank-agency-mortgage-backed-securities/united-states (Accessed: 16 October 2026).

BibTeX

@misc{board_u_s_bank_agency_2026,
  author = {{Board of Governors of the Federal Reserve System}},
  title = {{H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM): U.S. bank agency mortgage-backed securities, United States, 2009-07 to 2026-09}},
  year = {2026},
  howpublished = {Data set},
  url = {https://www.federalreserve.gov/releases/h8/current/},
  urldate = {2026-10-16},
  note = {Accessed via Invokely, https://invokely.ai/en/us-bank-agency-mortgage-backed-securities/united-states. Publisher attribution: Board of Governors of the Federal Reserve System. H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM). https://www.federalreserve.gov/releases/h8/current/. Retrieved 2026-10-16.},
}

RIS

TY  - DATA
AU  - Board of Governors of the Federal Reserve System
TI  - H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM): U.S. bank agency mortgage-backed securities, United States, 2009-07 to 2026-09
PY  - 2026
DA  - 2026/10/16
PB  - Board of Governors of the Federal Reserve System
DB  - Invokely
UR  - https://www.federalreserve.gov/releases/h8/current/
L2  - https://invokely.ai/en/us-bank-agency-mortgage-backed-securities/united-states
Y2  - 2026/10/16
N1  - Accessed via Invokely, https://invokely.ai/en/us-bank-agency-mortgage-backed-securities/united-states.
N1  - Publisher attribution: Board of Governors of the Federal Reserve System. H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM). https://www.federalreserve.gov/releases/h8/current/. Retrieved 2026-10-16.
ER  -

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Questions

What is the U.S. bank agency mortgage-backed securities in United States?

Where does this figure come from?

Board of Governors of the Federal Reserve System. H.8 Assets and Liabilities of Commercial Banks in the United States: U.S. bank agency mortgage-backed securities, seasonally adjusted monthly average, USD million (B1301NCBAM). Retrieved by Invokely on 2026-10-16.

What was the highest U.S. bank agency mortgage-backed securities in United States?

$2.99 trillion in February 2022, the highest value since July 2009 in this series.

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