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Treasury General Account

Treasury's cash balance at the Fed, drawdowns inject liquidity into markets.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The Treasury General Account is currently $839B, last updated .

$839B
1W -4.46%1M -16.64%3M -8.12%
Updated 50m ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Treasury General Account, blended across current macro regimes.
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Download dataCSV (full history)·JSON (latest)·View on FRED ↗
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Financial conditions indexes are the Fed's dashboard. The Chicago Fed's NFCI blends over 100 inputs spanning equity volatility, credit spreads, funding stress, and leverage. Real yields across the TIPS curve reveal the true cost of capital after inflation, while liquidity measures (reverse repo, TGA, reserves) show whether the system is flush or stressed. Together they form the transmission belt from policy rate to real economy.

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Used in Convex Intelligence Indices

Treasury General Account is a component or related input for:

Convex Net Liquidity Index
The actual amount of Fed liquidity flowing into financial markets, adjusted for the drains that headline balance sheet numbers miss.

Recent Data

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DateValueChange
May 13, 2026$839B-4.46%
May 6, 2026$878B-10.61%
Apr 29, 2026$982B-2.39%
Apr 22, 2026$1006B+33.89%
Apr 15, 2026$751B+0.40%
Apr 8, 2026$748B-11.72%
Apr 1, 2026$848B-3.02%
Mar 25, 2026$874B+2.46%
Mar 18, 2026$853B+1.77%
Mar 11, 2026$838B+0.74%
Mar 4, 2026$832B-6.26%
Feb 25, 2026$888B-2.75%
Feb 18, 2026$913B-0.28%
Feb 11, 2026$915B+0.72%
Feb 4, 2026$909B-1.55%
Jan 28, 2026$923B+6.19%
Jan 21, 2026$869B+11.56%
Jan 14, 2026$779B-2.13%
Jan 7, 2026$796B-4.92%
Dec 31, 2025$837B+0.02%
Dec 24, 2025$837B+0.48%
Dec 17, 2025$833B-3.01%
Dec 10, 2025$859B-8.35%
Dec 3, 2025$937B—

Related in Liquidity

Fed Balance Sheet
Total assets held by the Federal Reserve, the QE/QT gauge.
Overnight Reverse Repo
ON RRP facility balance, liquidity buffer absorbing QT before reserves drain.
M2 Money Supply
Broad money supply including cash, checking, savings, and money market funds.
Total Reserves
Total reserves of depository institutions at the Federal Reserve.

Explore Further

Forecast 2026
Treasury General Account Outlook
Scenario-weighted forecast using regime implied approach.
Scenario
What Happens When the Treasury General Account Drains?
What happens when the Treasury General Account (TGA) drains? Liquidity injection effects, risk asset response, and debt ...
Indicator
Convex Net Liquidity Index (CNLI)
The Convex CNLI measures real market liquidity by subtracting two critical drains (Reverse Repo and Treasury General Acc...
Category
All Financial Conditions Data
NFCI, ANFCI, financial stress indexes, credit spreads, liquidity plumbing, and real yields across the TIPS curve. The co...

Frequently Asked Questions

▶What is Treasury General Account?
Treasury's cash balance at the Fed, drawdowns inject liquidity into markets.
▶How does Treasury General Account relate to liquidity?
Treasury General Account is part of the Liquidity category. Financial conditions indexes are the Fed's dashboard. The Chicago Fed's NFCI blends over 100 inputs spanning equity volatility, credit spreads, funding stress, and leverage. Real yields across the TIPS curve reveal the true cost of capital after inflation, while liquidity measures (reverse repo, TGA, reserves) show whether the system is flush or stressed. Together they form the transmission belt from policy rate to real economy.
▶How often is Treasury General Account updated?
Treasury General Account 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 Treasury General Account data?
Convex sources Treasury General Account 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 Treasury General Account chart page?
The Treasury General Account 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.