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Tax and Loan Account
(redirected from Tax and Loan Accounts)

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Tax and loan account
An account at a private bank, held in the name of the district Federal Reserve Bank, which holds operating cash for the business of the US Treasury.

Tax and Loan Account
An account that a Federal Reserve bank maintains at a private bank containing funds from taxes and government debt. The tax and loan account finances the operations of the U.S. Treasury.


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In normal times, the treasury typically holds some proceeds in Treasury Tax and Loan accounts at commercial banks, which keeps reserves in the banking system.
 
 
 
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