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. Which economic factors impact treasury yields?

    Discover the economic factors that impact Treasury yields. Treasury yields are the benchmark yield for the rest of the world, ... Read Answer >>
  2. 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 >>
  3. When are treasury bills best to use in a portfolio?

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  4. The interest rate used to define the “risk-free” rate of return is the:

    a. discount rate.b. 90-day Treasury bill rate.c. five-year Treasury note rate.d. federal funds rate. Answers: bThe 90-day ... Read Answer >>
  5. How is the interest rate on a treasury bond determined?

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