Treasury Certificate


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Related to Treasury Certificate: certificate of deposit, Treasury bill

Treasury Certificate

A debt security issued by the U.S. Treasury with a short maturity, usually only a few months, and a rather unusual interest rate, such as 4.586%. They are no longer issued to the public and are only issued at all when the Treasury seeks to borrow from the Federal Reserve. In that situation, the Treasury issues Treasury certificates to the New York Federal Reserve Bank; this can only occur with the approval of the Fed's Board of Governors.
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If, however, it is expected that a six months or three months deposit will be rolled over, the portfolio may be invested in a less marketable, but more earning-yielding assets and perhaps, more risky securities with a longer-term maturities like commercial papers, development stocks, treasury certificates of 180-day or 360-day maturities and bankers acceptances (Ezema, 1993 and Uremadu, 2007).
Determinants of financial system liquidity (1980-2005): evidence from Nigeria
Several courses in this curriculum compose part of the Treasury Certificate in Accounting and Reporting.
Department of the Treasury Financial Management Service
With the Treasury's endorsement, the Federal Reserve stopped pegging the yield on Treasury bills in July 1947 and ended its ceiling on Treasury certificates a month later.
Cooperation, conflict, and the Emergence of a modern Federal Reserve
The regression results above, shows that a positive relationship exists between money supply and Treasury Bills (TB), Treasury Certificates (TC), Certificates of Deposit (CD), and Bankers' Acceptances (BA) as explanatory variables.
The money market instruments and money stock in Nigeria: comparative analysis of the regulation and deregulation periods
The dominant elements are such low-risk instruments as bonds and treasury certificates.
Diversification of investment portfolios as an instrument used by institutional investors in the capital management process
a) CATs--Certificates of Accrual on Treasury Certificates
Chapter 6 Stripped bonds
BCV director Domingo Maza Zavala said the bank sold its US Treasury certificates of deposit because "the US dollar has been depreciating relative to the euro.
VENEZUELA WITHDRAWS MAJORITY OF FOREIGN CURRENCY RESERVE FUNDS FROM U.S. TREASURY
On October 25, 2001, the Court of Justice ruled that in 1993 Italy failed to reimburse taxable persons in the form of tax credits but decided to issue treasury certificates, staggered over time, to taxable persons as repayment of their VAT credits (case C-78/00).
TAXATION: DUTCH, ITALIANS AND FRENCH FACE NEW LEGAL ACTION ON VAT AND EXCISE DUTIES
Immediately after the central bank decision in mid-August, interest rates for 28-day Treasury Certificates (Certificados de Tesoreria, CETES) surged to 22%, compared with 18.
MEXICAN PESO DECLINES BY MORE THAN 25 PERCENT SINCE START OF YEAR
Just before the declaration of war, Secretary of the Treasury McAdoo charged the System, which in 1915 had been made a receiver and distributor of government funds, with a new fiscal-agency function: that of issuing and redeeming shortterm Treasury certificates to prepare for the floating of the $2 billion Liberty Loan of 1917.
The establishment and evolution of the Federal Reserve Board: 1913-23
The Bank of Italy is set to auction EUR6bn worth of treasury certificates and bonds this week, reports Thomson Financial.
Bank of Italy to auction CCTs, BTPs worth EUR6bn
A start was made in 1996 to refunding the large accumulation of outstanding tax credits due to banks in Italy, but the refunds are being paid in instalments in the form of Treasury certificates, and only in part.
BANKING: EU PROBE ON ITALIAN BANK TAX CREDIT DISCRIMINATION

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