Liquidity Looks Fine — Until You Account for StressAt first glance, macro liquidity still looks supportive.
Fed net liquidity is around $5.81T, based on:
• Fed balance sheet (WALCL): $6.646T
• TGA: ~$838B
• RRP: ~$0.8B (basically drained)
This is not a liquidity shortage. On paper, conditions look stable.
But that view is incomplete.
Liquidity i
Key data points
Last release
—
Observation period
Feb 2026
Next release
—
Forecast
—
Highest
22.67 T USD on Feb 28, 2026
Lowest
286.60 B USD on Jan 31, 1959
About United States Money Supply M2
The United States Money Supply M2 includes M1 plus short-term time deposits in banks.
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