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Fluctuations in the Treasury General Account and their effect on the Fed’s balance sheet

Annette Vissing-Jorgensen
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Annette Vissing-Jorgensen: https://www.federalreserve.gov/econres/annette-vissing-jorgensen.htm

No 2025-08-06, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The Treasury General Account (TGA) represents the US government's deposits held with the Federal Reserve. The TGA is used to facilitate payments from and to the government and thus provides important payment services to the government and the country.

Date: 2025-08-06
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-08-06

DOI: 10.17016/2380-7172.3873

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