cash management bill

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Cash management bill

Very short-maturity bills that the Treasury occasionally sells because its cash balances are down and it needs money for a few days.

Cash Management Bill

A U.S. Treasury security with a minimum purchase of $1 million and a maturity of 10 to 20 days. The U.S. Treasury sells cash management bills to institutional investors when it needs to raise cash quickly for a very short period of time.

cash management bill

A very short-term security (typically one having 10 to 20 days from date of issue until maturity) that is issued by the U.S. Treasury in order to manage its cash balances. A cash management bill is issued in minimum denominations of $1 million and is bought by institutional investors.
References in periodicals archive ?
Cash Management bills are being used by the central bank to modulate liquidity, although they are short-term instruments that are normally used by the government to overcome temporary cash flow mismatches.
59 billion) of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
In addition, it could shrink the Federal Reserve's supplementary financing program, issue more cash management bills, raid the exchange stabilization fund, sell its TARP investments more quickly, and sell its holdings of mortgage-backed securities from Fannie and Freddie, according to Reuters.
Separately yesterday, the Treasury Department announced plans to sell pounds 27billion of notes and bonds next week as well as $20 billion of cash management bills to help finance government spending on everything from Social Security to national defence .
SOLD: The Treasury Department sold 36-day cash management bills Thursday, the last leg of its quarterly refunding.
Of this amount, about $760 billion was from the increase in debt held by the public, which included $300 billion in cash management bills issued in September 2008 under the Supplementary Financing Program initiated by Treasury.
SIMPLE TWIST OF RATE: The Treasury Department sold 42-day cash management bills Wednesday at an average discount rate of 5.