Fed liquidity regime today: balance sheet z-score +0.51 (Clear)
As of 7 October 2026, the Fed balance sheet z-score reads +0.51. One year earlier, on 1 October 2025, it was +1.14. The Zensei Index rates the Fed liquidity regime indicator Clear on 7 October 2026: no stress. The reading sits in its calm range.
Fed balance sheet chart: the liquidity trend
A falling z-score means the Fed withdraws liquidity faster than its recent trend.
Balance sheet z-score and 26-week average, Feb 2005 to Oct 2026. Values updated weekly. Data as of .
Fed balance sheet z-score: last value of each month
| Month | Date | Balance sheet z-score | 26-week average | Fed total assets |
|---|---|---|---|---|
| October 2026 | +0.51 | +1.11 | $6.75 trillion | |
| September 2026 | +0.44 | +1.19 | $6.74 trillion | |
| August 2026 | +0.39 | +1.50 | $6.73 trillion | |
| July 2026 | +0.82 | +1.71 | $6.74 trillion | |
| June 2026 | +1.19 | +1.95 | $6.74 trillion | |
| May 2026 | +1.15 | +1.96 | $6.70 trillion | |
| April 2026 | +1.80 | +1.91 | $6.70 trillion | |
| March 2026 | +2.02 | +1.76 | $6.66 trillion | |
| February 2026 | +1.94 | +1.64 | $6.61 trillion | |
| January 2026 | +1.95 | +1.52 | $6.59 trillion | |
| December 2025 | +3.48 | +1.50 | $6.64 trillion | |
| November 2025 | +1.07 | +1.48 | $6.55 trillion |
What it measures
Assesses whether the Federal Reserve is adding or withdrawing liquidity.
This indicator tracks whether the Federal Reserve is adding or withdrawing liquidity from the financial system. It focuses on changes in trend rather than absolute balance sheet size.
Why it matters
Liquidity expansion tends to cushion market stress, while liquidity withdrawal increases vulnerability.
This indicator belongs to the structural conditions group: whether the environment is fundamentally supportive or constrained. It carries 10% of that group's weight.
How to read the status
The Index dashboard gives this indicator one of 4 statuses, from calm to stressed. A more stressed status adds more of the indicator's weight to its group score. A falling z-score means the Fed withdraws liquidity faster than its recent trend.
- ClearToday
No stress. The reading sits in its calm range.
- Watch
Early warning. The reading moves toward stress.
- Stress
Confirmed stress. The reading is in its stress range.
- Danger
Full signal. The reading is at its most stressed level.
Fed liquidity regime: common questions
What is the Fed balance sheet z-score today?
As of 7 October 2026, the Fed balance sheet z-score reads +0.51. The Zensei Index rates the Fed liquidity regime indicator Clear: no stress. The reading sits in its calm range.
How large is the Fed balance sheet today?
As of 7 October 2026, Federal Reserve total assets are $6.75 trillion (FRED series WALCL). A year earlier they were $6.59 trillion. The z-score on this page measures the change in trend, not the size.
What does a rising Fed balance sheet z-score mean?
A rising z-score means the balance sheet grows faster than its recent trend: the Fed adds liquidity. In the Index, a higher reading moves this indicator toward Clear. A falling reading moves it toward Danger.
Where does the Fed liquidity regime data come from?
Federal Reserve total assets (FRED series WALCL), published weekly. Zensei computes the indicator from these series.
How often does the Fed liquidity regime indicator update?
The Federal Reserve publishes its balance sheet once a week. Zensei recomputes the indicator after each new release. This page shows the newest value and its date.
Analytics, not investment advice. The status describes current conditions; it does not predict prices.
More market risk indicators
See all ten indicators in one score
The Zensei Index combines this reading with nine others into one risk score from 0 (calm) to 100 (maximum risk), with a written summary when conditions change.