Tax and loan account(redirected from Tax and Loan Accounts)
Tax and loan account
An account at a private bank, held in the name of the district Federal Reserve Bank, which holds operating cash for the business of the US Treasury.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Tax and Loan Account
An account that a Federal Reserve bank maintains at a private bank containing funds from taxes and government debt. The tax and loan account finances the operations of the U.S. Treasury.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved