Treasury General Account

DEFINITION of 'Treasury General Account'

The general checking account used by the Department of the Treasury. The Treasury General Account is held at the Federal Reserve Bank of New York. All official payments of the U.S. government are made from this account.

BREAKING DOWN 'Treasury General Account'

The Treasury General Account also holds money that is credited to the government in the form of monetized gold.

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RELATED FAQS
  1. Why are treasury bond yields important to investors of other securities?

    Learn about the wide-ranging impact of U.S. Treasury Bond yields on all other interest-bearing instruments in the economy ... Read Answer >>
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    Learn what treasury stock is used to measure. Understand why a shareholder should be interested in a company's treasury stock ... Read Answer >>
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