Market Chatter: JPMorgan Chase Shifted $350 Billion From Fed Reserve Account to Increase US Treasury Holdings

BY MT Newswires | ECONOMIC | 03:07 PM EST

03:07 PM EST, 12/17/2025 (MT Newswires) -- JPMorgan Chase (JPM) has moved nearly $350 billion out of its Federal Reserve account since 2023 to increase its holdings of US Treasuries, the Financial Times reported Wednesday, citing data compiled by industry data tracker BankRegData.

The bank reduced its Fed balance from $409 billion at the end of last year to $63 billion by Q3, the report added.

During the same period, JPMorgan (JPM) raised its US government bond holdings from $231 billion to $450 billion, according to the Financial Times.

JPMorgan Chase (JPM) and the US Federal Reserve did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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