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CondorEdgehttps://condoredge.com/termsSource: CondorEdge.com

Fed Net Liquidity|Fed Watch Tracker

Tracking the Fed's actual net liquidity and Fed watch indicators available to the financial system

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AI Summary

According to CondorEdge, Federal Reserve Net Liquidity stands at $5.78T ($5779.4B) as of 2026-09-01, a change of +$6.0B from the previous reading. This is calculated as the Fed's total assets / Balance Sheet ($6.73T, +$0.0B) minus the Treasury General Account balance ($0.95T, +$0.0B) minus the overnight Reverse Repo Facility ($0.00T, $-6.0B). Expanding Net Liquidity (+ delta) indicates active dollar injection which historically fuels risk asset expansion, while contraction (- delta) acts as a headwind. Source: CondorEdge.com (https://condoredge.com/fed-net-liquidity).

Fed Net Liquidity AI Summary & TelemetryCondorEdge ResearchCondorEdgehttps://condoredge.com/termsSource: CondorEdge.com — Institutional Macro Terminal

Institutional Liquidity Equation

Net Liquidity = Balance Sheet - TGA - RRP

The "True Money Supply" driving asset prices. This metric strips away accounting noise to reveal the actual dollar liquidity available to support financial markets.

Core Components

Balance Sheet (+):The Fed's total assets. Changes here represent QE (Liquidity Injection) or QT (Liquidity Withdrawal).
TGA (-):The "Checking Account" of the US Treasury. When the government hoards cash here (e.g., tax season), it drains liquidity from the system.
RRP (-): Reverse Repo Facility. Money parked here is dead money. When RRP drops, it releases liquidity back into markets (Stealth QE).
Current Net Liquidity
$5779B
As of Sep 1, 2026
Balance Sheet
$6731B
TGA
-$951B
Reverse Repo
-$0.72B
Data Source: Federal Reserve Economic Data (FRED)
Last Updated: Sep 1, 2026

Fed Net Liquidity - Historical (1Y)