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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Several courses in this curriculum compose part of the Treasury Certificate in Accounting and Reporting.
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.
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.
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.
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 Bank of Italy is set to auction EUR6bn worth of treasury certificates and bonds this week, reports Thomson Financial.
Banxico policies to contain inflation have thus far proven effective, and overall inflation forecasts are down, while the interest rate on 28-day Treasury certificates (Cetes) has fallen to its lowest level since 1994, at 8.
Delivering the actual Treasury certificates to the nearest
ACCI's certificates priced at 62 basis points above comparable Treasury certificates.
Despite the difficulties experienced by some issuers in recent months, ACCI's certificates priced at 65 basis points above comparable Treasury certificates.
With a maturity date of June 27, 1997 the CCPCs will generate gross annual returns on their par values, payable quarterly, which will be calculated by adding three points to the highest annual rate of return of the Federal Treasury Certificates (CETES) and one point to the highest annual rate of return of the Average Interbanking Interest Rate (TIIP) in the absence of the former.

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