{
  "status": "ok",
  "index": {
    "id": "net-systemic-liquidity",
    "code": "FP-NLI",
    "name": "FinPulse Net Systemic Liquidity Index",
    "current_value": 5.872,
    "formatted_value": "$5.872T",
    "unit": "Trillions USD",
    "status": "BALANCED CONSOLIDATION",
    "regime": "BALANCED CONSOLIDATION (SELECTIVE BETA)",
    "formula": "Fed Total Assets (WALCL) - Treasury General Account (WTREGEN) - Overnight Reverse Repo (RRPONTSYD)",
    "telemetry": {
      "fed_total_assets": "$6.755T",
      "tga_operating_cash": "$883.37B",
      "overnight_reverse_repo": "$0.237B",
      "net_systemic_liquidity": "$5.872T"
    },
    "market_implication": "Net Federal Reserve liquidity remains near $5.87T, maintaining a neutral macro transmission regime for crypto and equity risk premiums without acute liquidity drain.",
    "methodology": "Computed daily using active Federal Reserve Economic Data (FRED) observations.",
    "sparkline": [
      5.82,
      5.85,
      5.89,
      5.872
    ]
  },
  "generated_at": "2026-10-23 04:10:33 UTC"
}