Treasury


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Treasury

US Department of the Treasury, which issues all Treasury bonds, notes, and bills as well as overseeing agencies. Also, the department within a corporation that oversees its financial operations including the issuance of new shares.

Treasury

1. The department of the federal government responsible for the printing of money, the collection of taxes, the regulation of banks, and the management of public debt. Created in 1789, the Treasury issues Treasury securities, which is debt that the American government uses to pay for some of its functions. It also administers the Internal Revenue Service, which collects taxes and decides how tax laws and regulations are enforced, and the U.S. Mint, which prints and disburses currency. The Treasury Department is responsible for investigating and prosecuting certain financial crimes, such as tax evasion and counterfeiting. It is headed by the Secretary of the Treasury, who is appointed by the President with the consent of the Senate.

2. See: U.S. Treasury Security.

treasury

  1. the department within a firm which is responsible for managing the firm's finances, making arrangements to collect cash speedily from debtors; profitably invest any short-term cash surpluses; and arrange with lenders to cover any short-term cash shortages. In large multidivisional companies the treasury department may also arrange to transfer cash from company divisions earning surpluses to divisions experiencing liquidity problems so as to minimize external borrowings. In MULTINATIONAL ENTERPRISES the treasury department may also transfer funds between countries and convert currencies in order either to minimize the risk of losses or to take advantage of possible windfall gains from EXCHANGE RATE changes.
  2. the Treasury, the UK government department responsible for managing the government's finances, authorizing the expenditure plans of government DEPARTMENTS, and overseeing the tax-gathering work of the INLAND REVENUE and CUSTOMS AND EXCISE. In addition the Treasury advises the Chancellor of the Exchequer on the government's annual Budget. See BUDGET (GOVERNMENT).

Treasury

the UK government department responsible for managing the government's finances, authorizing expenditure plans for various government departments such as Health, Education and Defence, and overseeing the tax-gathering work of the INLAND REVENUE and CUSTOMS AND EXCISE. In addition, the Treasury prepares forecasts of future economic activity levels and advises the CHANCELLOR OF THE EXCHEQUER on the government's annual budget.
References in periodicals archive ?
Taxpayers must not have been contacted by the Department of Treasury or its agents for audit or discovery, and must not be under investigation for the tax for which they are requesting to make voluntary disclosure.
Meanwhile, Lay says longer maturities currently look like a bargain, even after yields on the 30-year Treasury have fallen from 6.
Our customers, which include the world's largest central banks and corporations, demand treasury and cash management technologies that move at the speed of their businesses" said Michele Fitzpatrick, managing director for sales and account management, Wall Street Systems (formerly CEO of Trema).
The downside of this was the loss of local knowledge: The central treasury can never have the same level of understanding of local customs, favorable national financing options, payrolls and receivables collections.
Treasury has requested comment regarding these issues from a diverse group of stakeholders, including the general public, buy and sell-side market participants, academics, and industry groups, by March 22, 2016.
Not extended to other entities: Treasury and the IRS requested comments on whether the proposed regulations should extend to the Regs.
By embedding the power of analytics within de-facto treasury systems, consistent and accurate information is available, faster.
In fact, Paulson's emergence represents a major shift in economic policymaking from the White House to Treasury.
Solomon said that the Treasury Department looks forward to working with Congress on the President's proposal.
With the Fed vouching that inflation now seems under control and that a "measured" pace of rate increases will be continued, the 10-year Treasury has settled down to roughly 4.
He added that the bank has seen a trend toward the creation of 'Regional Treasury Centers' by multinational companies in Latin America.