treasury general account (TGA)
Definition
The general checking account of the Department of the Treasury, used for all official payments made by the U.S. government. This account also holds the dollars credited to the Treasury as monetized gold, and is maintained by the Federal Reserve Bank of New York.
Recommended Articles from InvestorGuide.com
- Finding a Financial Advisor Means Looking Past the Neighborhood
- Starting a College Fund for your Child - Savings or Investments?
- ETFs - Basic Facts
- Introduction to the Federal Reserve and its Structure
- Introduction to Futures and Futures Trading
- Information on Filing Auto Claims and Reducing Premiums
Related Videos
Featured Advertiser
