Fiscal agency services
Services performed by the Federal Reserve Banks for the U.S. government. These include maintaining deposit accounts for the Treasury Department, paying U.S. government checks drawn on the Treasury, and issuing and redeeming savings bonds and other government securities.
Nearby TermsFirst-pass regression Fiscal agency agreement Fiscal agency services Fiscal policy Fiscal stimulus
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University