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 ?
In the above efforts, the State Treasury has achieved remarkable results:
Treasury bills, meanwhile, continued to rise to P585.4 billion from P555.9 billion in the previous month.
To minimize their function's risk, treasurers should leverage the growing fears of cybercrime and payments fraud as an opportunity to align treasury with corporate security requirements established by the CISO or other IT security executive.
Treasury bills have retained their specialness after the Great Financial Crisis." During 2007-09, the premium for three-month Treasuries shot up to 280 basis points while the average five-year premium increased 90 basis points.
More than 200 entries spanning 30 countries were received for the prestigious Adam Smith Awards, now in their 10 th year and firmly established as the ultimate industry benchmark for exceptional achievement in corporate treasury.
What a Welsh treasury will not become is a foreign economic policy agent because that will still be a Westminster role.
Later in the day, the Government Accountability Office (GAO) projected in an update that the Treasury could ultimately make up to $15.1 billion on its investment in AIG.
"The decline in the treasury bill interest rate is not going to have an effect on the crediting.
The Treasury will repay 4.1 billion Turkish liras (TL) (2.6 billion USD) of domestic debt on July 14.
Options include the SPDR Barclays Capital Intermediate-Term Treasury fund (ticker symbol ITE) or the Vanguard Intermediate-Term Treasury fund (VFITX).
Overall, treasury practitioners are optimistic about the economy, job security, annual compensation and the strategic value of their treasury department.
While the composition of Treasury's debt portfolio changed in response to this increase, Treasury has taken a number of steps in the past year to return the composition of the debt portfolio to pre-market crisis structure.