Tax and Loan Account

  • 1 Posts
  • 1 Sections
  • 1 Types
August 25, 2024 3 min read Definitions
Tax and Loan Account: Repository for U.S. Treasury Operating Cash
Finance Banking Tax and Loan Account U.S. Treasury Federal Reserve Fiscal Agent Operating Cash
A Tax and Loan (T&L) Account is an account held at private-sector depository institutions in the name of the district Federal Reserve Bank, serving as a repository for operating cash available to the U.S. Treasury.
Read more about Tax and Loan Account: Repository for U.S. Treasury Operating Cash.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.