Deputy Treasury Secretary Francis Brooke disclosed on September 22 that money market mutual funds absorbed approximately 85% of the over $550 billion in new Treasury bill supply issued by the US government during July and August. Stablecoin providers remain significant holders of short-dated government debt, with their holdings totaling nearly $200 billion. Additionally, the Federal Reserve purchased over $300 billion in bills through September 22, and foreign residents increased their bill holdings by $38.8 billion in July.