The trust bank currently provides asset securitisation-related services for corporate clients, including asset trustee, cash management and
fiscal agency services.
The Federal Reserve is responsible for conducting monetary policy, supervising and regulating certain financial institutions, promoting the efficiency and integrity of the payments system, and providing fiscal agency services to the Treasury and other government agencies at their direction.
Our fiscal agency services, which comprise another one-sixth of the Reserve Banks' total budget, are provided at the direction of the Treasury and other federal government agencies for whom we provide these services and whose reimbursements to us are made primarily with appropriated funds.
Under the terms of the agreement Union Securities will provide ongoing
fiscal agency services, equity financing, and other like services to Columbia.
Notable developments have occurred in recent years in both depository and
fiscal agency services.
A particularly noteworthy initiative in 1990 is the enhancement of
fiscal agency services for the U.
Depository institutions benefit from production efficiencies that result when the facilities and expertise required to provide these
fiscal agency services are used to produce other similar services for depository institutions.
