The Evolution of Treasury Cash Management During the Financial Crisis

11 Pages Posted: 29 Apr 2012

See all articles by Paul Santoro

Paul Santoro

affiliation not provided to SSRN

Date Written: April 1, 2012

Abstract

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

Santoro, Paul, The Evolution of Treasury Cash Management During the Financial Crisis (April 1, 2012). Current Issues in Economics and Finance, Vol. 18, No. 3, 2012, Available at SSRN: https://ssrn.com/abstract=2047088 or http://dx.doi.org/10.2139/ssrn.2047088

Paul Santoro (Contact Author)

affiliation not provided to SSRN ( email )

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