Economy · Money and the Fed

Treasury General Account at the Fed (since 2002)

The U.S. Treasury's operating account at the Federal Reserve. When it rises, as after a debt-ceiling deal, money moves out of bank reserves; when it falls, the Treasury's spending puts it back.

The Treasury's cash at the Fed (weekly average): $880B (Oct 7, 2026).
A year earlier: $805B (Oct 1, 2025), a change of +9.3%.
Highest on record here: $1,817B (Jul 29, 2020); lowest: $3.7B (Oct 15, 2003).

Year	Average	Year close
2002	$5.3B	$4.7B
2003	$5.9B	$5.9B
2004	$5.3B	$4.6B
2005	$5.0B	$4.9B
2006	$5.1B	$5.2B
2007	$5.2B	$4.9B
2008	$18.8B	$114B
2009	$52.0B	$119B
2010	$49.2B	$87.5B
2011	$60.6B	$98.7B
2012	$64.3B	$55.6B
2013	$60.0B	$99.1B

Source: FRED WTREGEN (Liabilities and Capital: Liabilities: Deposits with F.R. Banks, Other Than Reserve Balances: U.S. Treasury, General Account: Week Average). Federal Reserve Bank of St. Louis.

Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).

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