Fed Balance Sheet & Liquidity Dashboard
Federal Reserve total assets, the Treasury General Account, bank reserves, overnight reverse repo, the monetary base, M1, M2 and SOFR.
About this data
The Federal Reserve's balance sheet is where federal borrowing meets the banking system. When the Treasury sells debt and parks the cash in its account at the Fed (the Treasury General Account, or TGA), that cash leaves bank reserves; when the Treasury spends it, the cash flows back. The Fed's own bond holdings, reserve balances and the overnight reverse repo facility move in the other direction, which is why analysts watch them together.
This dashboard pulls each piece from FRED, using the Federal Reserve's H.4.1 weekly release for the balance sheet, TGA and reserves, the New York Fed for reverse repo and SOFR, and the H.6 release for M1 and M2. Net liquidity is a simple derived figure (Fed assets minus the TGA minus reverse repo), not an official statistic. Demo data is shown if live data is unavailable.
Fed balance sheet and liquidity at a glance
Federal Reserve Total Assets
Treasury General Account, Reserves and Reverse Repo
- Reserves ($B)
- TGA ($B)
- Reverse repo ($B)
A rising TGA drains reserves; a falling one adds them back. Reverse repo is cash parked at the Fed overnight.
Net Liquidity (Assets − TGA − Reverse Repo)
Simple derived estimate, not an official Federal Reserve statistic.
M1, M2 and the Monetary Base
- M2 ($B)
- M1 ($B)
- Monetary base ($B)
Secured Overnight Financing Rate (SOFR)
Series Tracked in This Dashboard
Each series links to its own chart, latest value and data download.
Fed balance sheet
Total assets the Federal Reserve holds, plus the Treasury and mortgage-backed securities that make up most of them.
Liquidity plumbing
The three balances that drain or add cash in the banking system: the Treasury General Account (the government's checking account), bank reserves, and the overnight reverse repo facility.
Money supply
The monetary base the Fed controls directly, and the broader M1 and M2 measures of money held by households and businesses.
Overnight funding
The Secured Overnight Financing Rate, the benchmark for what banks pay to borrow cash against Treasuries overnight.
Recent Weekly Fed Balance Sheet and Liquidity
| Week | Fed assets | TGA | Reserves | Reverse repo | Net liquidity |
|---|---|---|---|---|---|
| Oct 7, 2026 | $6.75T | $880B | $3,030B | $2B | $5.86T |
| Sep 30, 2026 | $6.74T | $949B | $2,948B | $12B | $5.78T |
| Sep 23, 2026 | $6.75T | $977B | $2,930B | $0B | $5.77T |
| Sep 16, 2026 | $6.75T | $877B | $3,014B | $5B | $5.86T |
| Sep 9, 2026 | $6.74T | $883B | $2,991B | $0B | $5.86T |
| Sep 2, 2026 | $6.74T | $968B | $2,895B | $1B | $5.77T |
| Aug 26, 2026 | $6.73T | $951B | $2,925B | $1B | $5.78T |
| Aug 19, 2026 | $6.75T | $954B | $2,935B | $0B | $5.79T |
| Aug 12, 2026 | $6.76T | $964B | $2,944B | $1B | $5.80T |
| Aug 5, 2026 | $6.75T | $907B | $2,993B | $2B | $5.84T |
| Jul 29, 2026 | $6.74T | $911B | $2,985B | $3B | $5.82T |
| Jul 22, 2026 | $6.75T | $830B | $3,062B | $0B | $5.92T |
| Jul 15, 2026 | $6.74T | $756B | $3,143B | $0B | $5.99T |
| Jul 8, 2026 | $6.74T | $774B | $3,099B | $3B | $5.96T |
| Jul 1, 2026 | $6.72T | $880B | $2,967B | $1B | $5.84T |
| Jun 24, 2026 | $6.74T | $919B | $2,951B | $5B | $5.81T |
| Jun 17, 2026 | $6.74T | $881B | $3,033B | $7B | $5.85T |
| Jun 10, 2026 | $6.73T | $828B | $3,081B | $0B | $5.90T |
| Jun 3, 2026 | $6.71T | $876B | $3,014B | $2B | $5.83T |
| May 27, 2026 | $6.70T | $830B | $3,067B | $2B | $5.87T |
| May 20, 2026 | $6.71T | $781B | $3,130B | $25B | $5.91T |
| May 13, 2026 | $6.73T | $839B | $3,103B | $4B | $5.89T |
| May 6, 2026 | $6.71T | $878B | $3,033B | $2B | $5.83T |
| Apr 29, 2026 | $6.70T | $982B | $2,919B | $1B | $5.72T |
| Apr 22, 2026 | $6.71T | $1,006B | $2,902B | $1B | $5.70T |
| Apr 15, 2026 | $6.71T | $751B | $3,130B | $0B | $5.95T |
Key Terms
Frequently asked questions
What is the Treasury General Account (TGA)?
The Treasury General Account is the U.S. government's main checking account at the Federal Reserve. Tax receipts and proceeds from Treasury auctions flow in, and federal payments flow out. When the balance rises, cash leaves bank reserves; when it falls, cash returns to the banking system. FRED publishes the weekly balance as series WTREGEN.
How big is the Federal Reserve's balance sheet?
The Federal Reserve's total assets, mostly Treasury securities and mortgage-backed securities, peaked near $9 trillion in 2022 after pandemic-era asset purchases and have declined since the Fed began quantitative tightening. The live figure on this page comes from the Fed's weekly H.4.1 release (FRED series WALCL).
What is net liquidity?
Net liquidity is a simple shorthand many market analysts use: Federal Reserve total assets minus the Treasury General Account minus overnight reverse repo balances. It estimates how much Fed-created cash is available to the banking system. It is not an official Federal Reserve statistic and this dashboard calculates it from the underlying FRED series.
What is the overnight reverse repo facility?
The overnight reverse repurchase agreement (ON RRP) facility lets money market funds and other eligible firms park cash at the Federal Reserve overnight in exchange for Treasury securities, earning a set rate. Large balances mean cash is sitting at the Fed instead of in markets. FRED publishes daily volumes as RRPONTSYD.
What is the difference between the monetary base, M1 and M2?
The monetary base is currency in circulation plus bank reserves, the money the Fed directly controls. M1 adds checking-type deposits, and M2 adds savings deposits, small time deposits and retail money market funds. All three are published by the Federal Reserve and tracked here as BOGMBASE, M1SL and M2SL.