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The Federal Reserve Banks as Fiscal Agents and Depositories
FEDERAL RESERVE BULLETIN, 1992, p.727-737
Copyright (c) 1992 FEDERAL RESERVE BULLETIN ;ISSN: 0014-9209 ;EISSN: 1944-8910
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Title:
The Federal Reserve Banks as Fiscal Agents and Depositories
Author:
Manypenny, Gerald D
;
Bermudez, Michael L
Subjects:
Federal Reserve banks
;
Federal Reserve System (U.S.)
;
Public depositaries
Is Part Of:
FEDERAL RESERVE BULLETIN, 1992, p.727-737
Description:
The Federal Reserve, the nation's central bank, is also the U.S. government's bank. As fiscal agents of the United States, the Reserve Banks provide debt-related services to the U.S. Treasury- -issuing, servicing, and redeeming Treasury securities and processing their resale in secondary market transactions initiated by depository institutions. As depositories, the Reserve Banks provide payment-related services--handling the government checking account and the collection of taxes and fees. This article describes the nature of the principal fiscal and depository services required by the U.S. Treasury; explains how the Federal Reserve Banks meet those requirements; surveys other fiscal and depository services performed by the Reserve Banks; and discusses the direction of developments in certain service areas. [FEDERAL RESERVE BULLETIN]
Language:
English
Identifier:
ISSN: 0014-9209
EISSN: 1944-8910
Source:
ProQuest Central
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