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Tax and Loan Account |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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