The Balance Between the Reverse Repo and the Treasury General Account

April is normally a big tax-takes season or month for the US. That may improve the size of the of the TGA, give them some space. But effectively that money as you infer is actually a withdrawal of liquidity from the system. So they may have to offset that on the other side of the ledger by expanding their support in terms of bank funding and maybe not allowing Treasury's to roll off so quickly.