The U.S. Treasury General Account (U.S. government cash account at the Federal Reserve) has climbed to roughly $1 trillion, marking its highest level since April 2021. The balance has increased by about $300 billion, according to the provided update. The Treasury General Account functions as the federal government’s primary checking account at the Federal Reserve and is used to receive, hold, and disburse government funds. A rising balance indicates the government is holding more cash on hand before it is spent into the broader financial system.