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. What's the difference between a capital stock and a treasury stock?

    Learn about treasury capital stock, how to calculate a company's capital and treasury stock, and the differences between ... Read Answer >>
  3. How do I sign up for a TreasuryDirect account?

    Invest in Treasury securities by dealing directly with the U.S. Department of the Treasury online, conveniently managing ... Read Answer >>
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