| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| TGA closing balance | 841.25 | 991.71 | 22.89 | 1038.04 |
| All-time low | 22.89 | 22.89 | 22.89 | 22.89 |
TGA close(D) = opening balance at D+1, in $bnTGA closing balance reconstituted from DTS Table I: close(D) equals the next business day's Opening Balance (open_today_bal). Modern DTS rows publish Opening Balance only; the close is therefore available once the following open prints. Millions → $bn.
As of 16 Sep 2026, the latest readings are TGA closing balance at 991.71 $bn and All-time low at 22.89 $bn. The TGA closing balance line is up 20.4% over the past year and above its long-run median of 732.16 $bn.
A high TGA means the Treasury holds large reserves at the Fed. A drain on private-sector liquidity. A low balance means the cash buffer is thin, often ahead of a borrowing announcement or a debt-ceiling negotiation. Balances peak around quarterly tax dates and trough between them as spending outruns receipts.
The TGA does not follow a weather-style seasonal band. It moves on the fiscal calendar. Tax dates, debt issuance and outlays create regular within-year swings, but they are policy-timed rather than seasonal averages. The all-time low marks the smallest cash buffer in this sample, and the distance from it measures how far the buffer sits above that floor.
Because close(D) is taken from the next day's open, the series lags Fiscal Data's latest Opening Balance by one business day. Intraday swings are not captured. Treat the chart as context for Treasury cash management, not investment advice.
The Treasury ran the TGA near zero in 2022-23 before the debt-ceiling suspension, then rebuilt it rapidly. The level versus its historical range signals the Treasury's next move weeks ahead of debt-management announcements.
As of 16 Sep 2026, the latest readings are TGA closing balance at 991.71 $bn and All-time low at 22.89 $bn. The TGA closing balance line is up 20.4% over the past year and above its long-run median of 732.16 $bn.
This benchmark is built on daily data. The page is refreshed when the source publishes new observations; the freshness block below the chart shows the exact data-through date and when PIER20 last fetched the file.
The chart is built from TGA closing balance and All-time low, sourced from the U.S. Department of the Treasury, Fiscal Data.
This page shows the LEVEL. The stock. The injection page shows the FLOW. Daily deposits and withdrawals that move the balance.
Modern DTS Table I publishes the TGA Opening Balance each day. This page defines close(D) as open(D+1), so the newest open becomes yesterday's close once it appears.
One tested idea, through the evidence stack. No migration of any kind.