Historical Year Data · 2025

Fed TGA (Liability Side) in 2025

Fed TGA (Liability Side) opened 2025 at 721,892 and closed at 872,853, a +20.91% move for the year. The high of 983,859 was reached on October 29, and the low of 277,025 on June 11.

Open

721,892

2025-01

872,853

53 data points

High

983,859

Oct 29

Low

277,025

Jun 11

Full Year Change

+20.91%

2024 Change

-1.13%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	721,892	811,549	811,549	620,531	+12.42%
Feb	817,953	568,550	817,953	568,550	-30.49%
Mar	522,818	315,970	522,818	315,970	-39.56%
Apr	301,624	677,657	677,657	301,624	+124.67%
May	595,860	436,627	595,860	436,627	-26.72%
Jun	376,160	334,579	383,851	277,025	-11.05%
Jul	372,232	419,446	419,446	311,048	+12.68%
Aug	464,315	595,798	595,798	464,315	+28.32%
Sep	661,939	757,970	807,142	661,939	+14.51%
Oct	819,378	983,859	983,859	794,054	+20.07%
Nov	942,700	899,678	943,145	899,678	-4.56%
Dec	908,523	872,853	908,523	801,537	-3.93%

Events During 2025

2025 US Tariff Shock

Stagflation

February – April 2025

The Trump administration imposed reciprocal tariffs averaging 25% on most trading partners in February-April 2025. Markets priced the most aggressive trade policy shift since 1930, with ripple effects across currencies, bond yields, and supply chains.

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