The Evolution of Treasury Cash Management During the Financial Crisis
11 Pages Posted: 29 Apr 2012
Date Written: April 1, 2012
The U.S. Treasury and the Federal Reserve System have long enjoyed a close relationship, each helping the other to carry out certain statutory responsibilities. This relationship proved beneficial during the 2008-09 financial crisis, when the Treasury altered its cash management practices to facilitate the Fed’s dramatic expansion of credit to banks, primary dealers, and foreign central banks.
Keywords: treasury, supplementary financing program, treasury general account, treasury tax and loan note account, cash management, supplementary financing program
JEL Classification: A19, B26
Suggested Citation: Suggested Citation