monetary macro

Dollar flows · Banks · Treasuries

Following the flow of dollars

Monetary Macro tracks how dollars move through banks, the Treasury market and the global financial system. Interactive charts are built from official data and refresh automatically when each release lands, and research reports explain what the numbers and the officials are saying.

Everything on the site is free to use. Questions or feedback: contact@monetarymacro.com.

Charts

Full history, a five-year default view, zoom to any window, recession shading, and one-click PNG export with the source line included.

Banking
Federal Reserve H.8, weekly
Loans, deposits, securities, cash and borrowings at US commercial banks, split by large, small and foreign-related banks, with loan and deposit growth rates and balance sheet shares.
Treasury market
Treasury, FiscalData and Federal Reserve, daily to monthly
Treasuries outstanding by product with and without the Fed's holdings, the yield curve, issuance and coupon supply by quarter, auction results, buybacks, the Treasury General Account and the government's average cost of debt.
Global dollar
Treasury TIC, BIS and Federal Reserve Z.1, monthly and quarterly
Who holds US securities and where US investors invest abroad, by country and asset class; cross-border bank claims by currency; and the financial accounts of US sectors.

Money market fund and dealer data are coming next. Every calculation is computed from the published figures, and the chart says where a series is adjusted.

Research reports

Reports are tied to data releases, written with AI assistance and reviewed by the editor before they are published. Read them on the site, or choose the ones you want and receive them as PDFs in your inbox.

Fed Speak
What Federal Reserve officials said this week, and whether the tone turned more hawkish or dovish.
Research Digest
The most useful new research from the Fed, the Treasury and the BIS on funding markets and market plumbing.
TBAC Report
Each quarter: changes to Treasury's issuance guidance, auction sizes, financing estimates and buybacks.
Read the reports on the site

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Figures are derived from public filings and provided as is; nothing here is investment advice. See the Terms.