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
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    Discover the economic factors that impact Treasury yields. Treasury yields are the benchmark yield for the rest of the world, ... Read Answer >>
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    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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    Find out more about the daily Treasury long-term rates, daily Treasury yield curve rates and the difference between these ... Read Answer >>
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  5. How are treasury bills taxed?

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