Treasury Tax and Loan Account
Treasury Tax and Loan Account
An account at a
bank where a
Federal Reserve bank deposits taxes that it receives from individual and corporate
taxpayers. This increases the
liquidity of the banks with the TT&L accounts; this in turn keeps the banking system stable.
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References in periodicals archive
"
Treasury Tax and Loan Accounts and Federal Reserve Open Market Operations." Federal Reserve Bank of New York Quarterly Review 3, no.
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