cash management bill

Also found in: Acronyms.

Cash management bill

Very short-maturity bills that the Treasury occasionally sells because its cash balances are down and it needs money for a few days.

Cash Management Bill

A U.S. Treasury security with a minimum purchase of $1 million and a maturity of 10 to 20 days. The U.S. Treasury sells cash management bills to institutional investors when it needs to raise cash quickly for a very short period of time.

cash management bill

A very short-term security (typically one having 10 to 20 days from date of issue until maturity) that is issued by the U.S. Treasury in order to manage its cash balances. A cash management bill is issued in minimum denominations of $1 million and is bought by institutional investors.
References in periodicals archive ?
Treasury plans to address changes in any seasonal borrowing needs over the next quarter through changes in regular bill auction sizes and/or cash management bills.
Cash Management bills are being used by the central bank to modulate liquidity, although they are short-term instruments that are normally used by the government to overcome temporary cash flow mismatches.
Separately yesterday, the Treasury Department announced plans to sell pounds 27billion of notes and bonds next week as well as $20 billion of cash management bills to help finance government spending on everything from Social Security to national defence .
The balance of Treasury financing requirements will be met with the weekly bill auctions, cash management bills, the monthly note and bond auctions, the August 5-year TIPS reopening auction, the September 10-year TIPS reopening auction, the October 30-year TIPS reopening auction, and the regular monthly 2-year Floating Rate Note (FRN) auctions.
The frequency of sale of cash management bills and open market operations on government bonds will reduce as the yield in interest on longer tenor bonds poses threat to the already fragile economic recovery.
Of this amount, about $760 billion was from the increase in debt held by the public, which included $300 billion in cash management bills issued in September 2008 under the Supplementary Financing Program initiated by Treasury.