Recent innovations in Treasury cash management

Kenneth Garbade, John C. Partlan and Paul J. Santoro

Current Issues in Economics and Finance, 2004, vol. 10, issue Nov

Abstract: The Treasury Tax and Loan program, a joint undertaking of the Treasury and the Federal Reserve, is designed to manage federal tax receipts and stabilize the supply of reserves in the banking system. Three recent innovations-electronic collection of business taxes, real-time investment of excess Treasury balances, and competitive bidding for Treasury deposits-have materially enhanced the ability of the two agencies to achieve these objectives.

Keywords: Taxation; Federal Reserve System; Tax and loan account (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (7)

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