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 ?

Cash Management Bills will have the generic character of Treasury Bills and their sale will be subject to the terms and conditions specified in the General Notification No.

RBI announces auction of a 33-Day Government of India Cash Management Bill

Note teh Treasury is selling $30 B in 42-day cash management bills today.

Money market rates are little changes after drifting lower

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

Adding the flexibility to use cash management bills narrows the gap further.

THE EFFECT OF "REGULAR AND PREDICTABLE" ISSUANCE ON TREASURY BILL FINANCING

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

The Reserve Bank of India, or RBI, will auction Rs220 billion ($3.59 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.<span style="mso-spacerun: yes;">  </span>It can also sell its stock of gold, which is trading at record prices.

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

The balance of Treasury financing requirements will be met with the weekly bill auctions, cash management bills, the monthly note and bond auctions, the May 10-year TIPS reopening auction, the June 30-year TIPS reopening auction, the July 10-year TIPS auction, and the regular monthly 2-year Floating Rate Note (FRN) auctions.

Quarterly Refunding Statement of Acting Assistant Secretary for Financial Markets Daleep Singh