Where this number comes from

Cash in the system

Every fact below is read from the registers the pipeline itself runs on — the series registry, the derivation register and the gauge definitions — not from prose maintained beside them. If a link or weight here is wrong, the dashboard is computing with the same wrong thing, and the audits fail.

The chain

Cash in the system net_usd_liquidity computed by findash
Source
Computed by findash walcl-tga-rrp Derived series — see the formula and inputs in its lineage; every input resolves to a publisher.
Last observation
5.8641 USD tn on 2026-09-16 stored 2026-09-24 16:04 UTC

walcl-tga-rrp Fed balance sheet minus the Treasury's account minus overnight reverse repo, restated to USD trillions on the weekly balance-sheet spine. The three inputs arrive in three different units (millions, millions, billions).

Computed from 3 inputs, each with its own chain:

Fed balance sheet us.fed.walcl fetched from the publisher
Last observation
6,746,548 USD mn on 2026-09-16 stored 2026-09-23 21:31 UTC
US government cash pile us.fed.tga fetched from the publisher
Last observation
877,028 USD mn on 2026-09-16 stored 2026-09-23 21:31 UTC
Money parked at the Fed us.fed.rrp fetched from the publisher
Last observation
0.461 USD bn on 2026-09-23 stored 2026-09-24 16:02 UTC

What reads this series

Condition meters

Indicators

Tripwires

Position tests

The same chain as JSON: /v1/series/net_usd_liquidity/lineage · raw observations: /v1/series/net_usd_liquidity/observations