Above its usual range of 1,889 to 5,616. The record is 7,088, in November 2021. Down from 5,821 a year ago.
What it is. The Federal Reserve's balance sheet minus the Treasury's cash account and reverse repos, in US$ billion.
How to read it. A popular gauge of dollars in the financial system. Over the full period it has explained little of foreign flows into India.
Source: Board of Governors of the Federal Reserve System, H.4.1 Factors Affecting Reserve BalancesMethodData
The numbers
Latest
5,747
30 Sept 2026
A week ago
5,800
A month ago
5,771
A year ago
5,821
Usual range
1,889 to 5,616
Median
3,748
Lowest
706
29 Jan 2003
Highest
7,088
24 Nov 2021
Percentile, full history
77
Percentile, last 5 years
8
The usual range is the middle half of readings since 2002. A percentile is the share of the 1,242 readings since 18 Dec 2002 that were below today's. Data: statistics, history (JSON); history as CSV.
To cite: tipsheet, “US net liquidity”, data to 30 Sept 2026, https://tipsheet.markets/i/us-net-liquidity/