US Liquidity
How much money the Fed’s balance sheet is putting into markets, what moved it this week, and whether overnight funding is getting tight.
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Headline figure
$0.00T
+$00.0B over 1 week
Sep 25, 2026
Net liquidity
Fed balance sheet weekly; Treasury cash and reverse repo daily
US net liquidity
Fed balance sheet minus Treasury cash and reverse repo, daily, USD trillions
Source: Fed H.4.1, U.S. Treasury, New York Fed; BlockPhi calculation
What net liquidity is made of
Fed total assets, Treasury cash, reverse repo and bank reserves, USD trillions
Source: Fed H.4.1, U.S. Treasury, New York Fed
What moved it each week
Weekly change in net liquidity by source, USD billions
Source: Fed H.4.1, U.S. Treasury, New York Fed; BlockPhi calculation
Net liquidity, 13-week change
Change over the previous 13 weeks, USD billions
Source: Fed H.4.1, U.S. Treasury, New York Fed; BlockPhi calculation
Funding stress
Overnight rates, daily
Money-market rates and the Fed’s corridor
Target range, interest on reserves, SOFR, fed funds and the reverse repo rate, percent
Source: Federal Reserve Board, New York Fed
Funding pressure: SOFR against the rate on reserves
SOFR and its 99th percentile minus interest on reserves, basis points
Source: New York Fed, Federal Reserve Board; BlockPhi calculation
Standing repo facility usage
Overnight repo lending by the Fed, USD billions
Source: New York Fed
How evenly repo is priced
1st, 25th, 75th and 99th percentiles of overnight repo rates, percent
Source: New York Fed