Banking account present at private banking institutions in the name of the Federal Reserve Bank that is used as an operating expenses account for the United States Treasury. Tax and loan accounts are also used to deposit funds received from taxation and social security contributions from employers.
Related information about tax and loan account:
- Tax and Loan Account: Definition from Answers.com
account in a private-sector depository institution, held in the name of the district Federal Reserve Bank as fiscal agent of the United States, that serves.
- Tax and Loan Account - Financial Dictionary - The Free Dictionary
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.
- What is tax and loan account? definition and meaning
Definition of tax and loan account: Banking account present at private banking institutions in the name of the Federal Reserve Bank that is used as an operating ...
- Tax and loan account Definition - NASDAQ.com
Tax and loan account: read the definition of Tax and loan account and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
- Operating Circular No. 9 - FRBservices.org
known as a Treasury Tax and Loan Account and/or, if applicable, to maintain a Treasury. Investment Program balance. This application is made pursuant to 31 ...
- INTRODUCTION - Financial Management Service - Department of ...
In most cases, this involves a transfer of funds from a customer's account to the tax and loan account in the same financial institution. Also, Treasury can direct ...
- Treasury tax and loan accounts and Federal Reserve open market ...
The Treasury tax and loan account system was de- ... lowing a reexamination of the tax and loan account ... depositary and maintain a tax and loan account by ...
- SCHEDULE RC-E -- DEPOSIT LIABILITIES - FDIC
credit of the U.S. Treasury's Tax and Loan Account as of the report date.) Funds credited to Tax and Loan Demand Deposit Accounts as of the close of business ...