<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/twentyfourf2filer" xmlns:com="http://www.sec.gov/edgar/common" xmlns:feec="http://www.sec.gov/edgar/feecommon">
  <schemaVersion>X0101</schemaVersion>
  <headerData>
    <submissionType>24F-2NT</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000004568</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-00066</fileNumber>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
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  </headerData>
  <formData>
    <annualFilings>
      <annualFilingInfo>
        <item1>
          <nameOfIssuer>American Balanced Fund</nameOfIssuer>
          <addressOfIssuer>
            <street1>6455 Irvine Center Drive</street1>
            <city>Irvine</city>
            <state>CA</state>
            <country>X1</country>
            <zipCode>92618</zipCode>
          </addressOfIssuer>
        </item1>
        <item2>
          <reportSeriesClass>
            <rptIncludeAllSeriesFlag>true</rptIncludeAllSeriesFlag>
          </reportSeriesClass>
        </item2>
        <item3>
          <investmentCompActFileNo>811-00066</investmentCompActFileNo>
          <securitiesActFileNumbers>
            <securitiesActFileNo>
              <fileNumber>002-10758</fileNumber>
            </securitiesActFileNo>
          </securitiesActFileNumbers>
        </item3>
        <item4>
          <lastDayOfFiscalYear>12/31/2021</lastDayOfFiscalYear>
        </item4>
        <item5>
          <aggregateSalePriceOfSecuritiesSold>50163819000.00</aggregateSalePriceOfSecuritiesSold>
          <aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>29019651000.00</aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>
          <aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>0.00</aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>
          <totalAvailableRedemptionCredits>29019651000.00</totalAvailableRedemptionCredits>
          <netSales>21144168000.00</netSales>
          <redemptionCreditsAvailableForUseInFutureYears>0.00</redemptionCreditsAvailableForUseInFutureYears>
          <multiplierForDeterminingRegistrationFee>0.0000927</multiplierForDeterminingRegistrationFee>
          <registrationFeeDue>1960064.37</registrationFeeDue>
        </item5>
        <item6>
          <amountOfSecuritiesDeducted>0.00</amountOfSecuritiesDeducted>
          <numberOfSharesOrOtherUnitsRemainingUnsold>0.00</numberOfSharesOrOtherUnitsRemainingUnsold>
        </item6>
        <item7>
          <interestDue>0.00</interestDue>
        </item7>
        <item8>
          <totalOfRegistrationFeePlusAnyInterestDue>1960064.37</totalOfRegistrationFeePlusAnyInterestDue>
        </item8>
        <item9>
          <explanatoryNotes>None</explanatoryNotes>
        </item9>
        <signature>
          <signature>Hong Le</signature>
          <nameAndTitle>Hong Le, Treasurer</nameAndTitle>
          <signatureDate>03/30/2022</signatureDate>
        </signature>
      </annualFilingInfo>
    </annualFilings>
  </formData>
</edgarSubmission>
