cash management bill

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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 ?
The balance of Treasury financing requirements will be met with the weekly bill auctions, cash management bills, the monthly note and bond auctions, the February 30-year Treasury Inflation-Protected Securities (TIPS) auction, the March 10-year TIPS reopening auction, the April 5-year TIPS auction, and the regular monthly 2-year Floating Rate Note (FRN) auctions.
Treasury offering $66b of Treasury securities
The balance of Treasury financing requirements will be met with the weekly bill auctions, cash management bills, the monthly note and bond auctions, the November 10-year TIPS reopening auction, the December 5-year TIPS reopening auction, the January 10-year TIPS auction, and the regular monthly 2-year Floating Rate Note (FRN) auctions.
United States : Quarterly Refunding Statement of Acting Assistant Secretary for Financial Markets Daleep Singh
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.
BANKS TO GET ONE TIME RELIEF ON BOIND LOSSES
The Reserve Bank of India has stated that it will be auctioning Government of India Cash Management Bills (CMBs) for a notified amount of INR200bn every Monday.
-Reserve Bank of India to auction CMBs every Monday
59 billion) of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
New RBI steps to aid rupee
In addition, it could shrink the Federal Reserve's supplementary financing program, issue more cash management bills, raid the exchange stabilization fund, sell its TARP investments more quickly, and sell its holdings of mortgage-backed securities from Fannie and Freddie, according to Reuters.
Why Debt Ceiling a[euro]oeLehman 2008a[euro] Fears Are Overblown
One action Treasury has undertaken has been to reduce its reliance on cash management bills (CMB).
Debt Management: Treasury Was Able to Fund Economic Stabilization and Recovery Expenditures in a Short Period of Time, but Debt Management Challenges Remain
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 .
Unexpected pick-me-up is a tonic for Uncle Sam
SOLD: The Treasury Department sold 36-day cash management bills Thursday, the last leg of its quarterly refunding.
BIZWATCH : MARKETS
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.
United States : Current Policy Press Release
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.
Financial Audit: Bureau of the Public Debt's Fiscal Years 2008 and 2007 Schedules of Federal Debt
SIMPLE TWIST OF RATE: The Treasury Department sold 42-day cash management bills Wednesday at an average discount rate of 5.
BIZWATCH\MARKETS
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