Has the US Federal reserve really printed 400Billion? Trying to understand the H.4.1. documents on the Fed reserve website

Hello there,

I was forwarded a video a few hours ago from a channel called 'Reporting Ledger and Mark of Ledger' (link, [https://youtu.be/QaCQspLc5A8](https://youtu.be/QaCQspLc5A8) ) claiming that the US Federal Reserve has quietly added 400Billion USD to it's balance sheet in 'the last few weeks' in a move reminiscent of the opening stages of the great depression in the late 1920's.

I watched the video because I have a bit of money in an S&P500 index fund, and since I'd never heard for the H.4.1. report, which the video cites liberally I went and looked it up here [https://www.federalreserve.gov/releases/h41/](https://www.federalreserve.gov/releases/h41/)

I went back through six weeks of data and probably because I'm not used to parsing government data, could not find the 400 Billion in claimed increases, nor the specific terms the video uses as to how it was added. I can find an increase from 6.641 Trillion to 6.675 trillion, or an increase of 34 Billion between January 02, 2026 and February 19, 2026, but no more.

However, having only heard of this H.4.1. report earlier today, and not being very experienced with reading government balance sheets from the Federal reserve, I thought I could ask here and find out if I've missed something blindingly obvious, or if the video is pure fear mongering.

Many thanks