AI Data Insight
Latest data shows that in Q2 2026 (as of June 12), the US Treasury General Account (TGA) balance dropped to $801 billion, a decrease of approximately $44.6 billion from the previous value. Although this decline in the balance briefly released funds to the market, the market expects the Treasury to push the TGA level up to $1 trillion by the end of July. Against the backdrop of the Overnight Reverse Repurchase Agreement (ON RRP) buffer pool being nearly depleted, future fund replenishments will directly drain bank reserves.