Fiscal agency services

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Fiscal agency services

Services performed by the Federal Reserve Banks for the U.S. government. These include maintaining deposit accounts for the Treasury Department, paying U.S. government checks drawn on the Treasury, and issuing and redeeming savings bonds and other government securities.

Fiscal Agency Services

Services that Federal Reserve Banks perform for the United States government. The most important of these services include maintaining the Treasury Department's bank accounts and issuing and redeeming Treasury securities.
References in periodicals archive ?
The trust bank currently provides asset securitisation-related services for corporate clients, including asset trustee, cash management and fiscal agency services.
The trust bank currently provides asset securitization-related services for corporate clients, including asset trustee, cash management and fiscal agency services.
The Federal Reserve is responsible for conducting monetary policy, supervising and regulating certain financial institutions, promoting the efficiency and integrity of the payments system, and providing fiscal agency services to the Treasury and other government agencies at their direction.
Our fiscal agency services, which comprise another one-sixth of the Reserve Banks' total budget, are provided at the direction of the Treasury and other federal government agencies for whom we provide these services and whose reimbursements to us are made primarily with appropriated funds.
Under the terms of the agreement Union Securities will provide ongoing fiscal agency services, equity financing, and other like services to Columbia.
From 1973 to 1981 he was with the Federal Reserve Bank of Atlanta's Nashville branch as a manager of checking processing and, later, a manager of fiscal agency services.
Notable developments have occurred in recent years in both depository and fiscal agency services.
A particularly noteworthy initiative in 1990 is the enhancement of fiscal agency services for the U.
Depository institutions benefit from production efficiencies that result when the facilities and expertise required to provide these fiscal agency services are used to produce other similar services for depository institutions.