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Fed Balance Sheet Detailweekly

Fed TGA (Liability Side)

Treasury General Account balance as it appears on the Fed liability side of H.4.1.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The Fed TGA (Liability Side) is currently 807,420, last updated .

807,420
1W -6.41%1M -12.66%3M -9.16%
Updated 22m ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Fed TGA (Liability Side), blended across current macro regimes.
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Download dataCSV (full history)·JSON (latest)·View on FRED ↗
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The Fed balance sheet and Treasury General Account together determine the volume of reserves circulating in the banking system. Nowcasts from Atlanta, New York, and Cleveland Fed staff provide real-time estimates of GDP and inflation, often weeks ahead of official releases. These operational metrics are what actually moves rates and reserves, as opposed to the policy statements that describe intent.

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Recent Data

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DateValueChange
May 13, 2026807,420-6.41%
May 6, 2026862,757-12.69%
Apr 29, 2026988,102-1.89%
Apr 22, 20261,007,172+8.95%
Apr 15, 2026924,435+32.62%
Apr 8, 2026697,079-13.25%
Apr 1, 2026803,553-4.04%
Mar 25, 2026837,412-4.39%
Mar 18, 2026875,833+8.69%
Mar 11, 2026805,806-4.86%
Mar 4, 2026846,979+0.95%
Feb 25, 2026838,975-5.61%
Feb 18, 2026888,854-2.38%
Feb 11, 2026910,533+0.31%
Feb 4, 2026907,737-4.72%
Jan 28, 2026952,705+9.36%
Jan 21, 2026871,169+12.11%
Jan 14, 2026777,061-0.83%
Jan 7, 2026783,571-10.23%
Dec 31, 2025872,853+8.90%
Dec 24, 2025801,537-6.95%
Dec 17, 2025861,417+6.90%
Dec 10, 2025805,827-11.30%
Dec 3, 2025908,523—

Related in Fed Balance Sheet Detail

Fed Treasury Holdings
Fed holdings of US Treasury securities, the largest single line on the H.4.1 asset side.
Fed MBS Holdings
Fed holdings of agency mortgage-backed securities, the other major SOMA portfolio.
Fed Repo Operations
Outstanding repurchase agreements on the Fed balance sheet, spikes during money-market stress.
Fed Reverse Repo Liabilities
H.4.1 reverse repo liabilities, the liability-side complement to the ON-RRP take-up series.

Explore Further

Forecast 2026
Fed TGA (Liability Side) Outlook
Scenario-weighted forecast using regime implied approach.
Category
All Central Banks & Fed Operations Data
Real-time Fed nowcasts, the weekly H.4.1 balance sheet breakdown, and daily Treasury operating cash balance. The plumbin...

Frequently Asked Questions

▶What is Fed TGA (Liability Side)?
Treasury General Account balance as it appears on the Fed liability side of H.4.1.
▶How does Fed TGA (Liability Side) relate to fed balance sheet detail?
Fed TGA (Liability Side) is part of the Fed Balance Sheet Detail category. The Fed balance sheet and Treasury General Account together determine the volume of reserves circulating in the banking system. Nowcasts from Atlanta, New York, and Cleveland Fed staff provide real-time estimates of GDP and inflation, often weeks ahead of official releases. These operational metrics are what actually moves rates and reserves, as opposed to the policy statements that describe intent.
▶How often is Fed TGA (Liability Side) updated?
Fed TGA (Liability Side) is updated weekly, typically on the same day each week. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Fed TGA (Liability Side) data?
Convex sources Fed TGA (Liability Side) data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Fed TGA (Liability Side) chart page?
The Fed TGA (Liability Side) page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated weekly. This page is for informational purposes only and does not constitute financial advice.