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1. the revenues or funds of a government, private organization, or individual
2. a place where funds are kept and disbursed


(in various countries) the government department in charge of finance. In Britain the Treasury is also responsible for economic strategy



(1) A depository of money, valuables, and other material wealth of khans, tsars, grand dukes and appanage princes, and monasteries.

(2) In centralized states, the aggregate of financial resources of the state. Through the treasury, the state is legally the holder of certain property rights and interests. Socialist countries haveno need for this concept of a treasury.



in capitalist countries a special government body in charge of the cash fulfillment of the state budget. The treasury organizes the collection of such state revenues as taxes, fees, customs duties, and the proceeds from sale of state bonds; it also allocates funds to cover budget expenditures. In many instances the treasury issues paper money.

In the USA the Department of the Treasury is the ministry of finance; in France the treasury is set up as the treasury office of the Ministry of Finance, and in Great Britain it is an independent agency. In most capitalist countries, the state makes the central banks of issue responsible for the cash fulfillment of the budget. The “bank system” reduces state expenses for maintaining the treasury administration and facilitates state control over the resources of the budget.

In Russia the treasury was established after 1863 when the department of the state treasury was created within the Ministry of Finance. The treasury exercised control over the local bodies known as financial boards. All revenues collected by the treasury system were registered in one account at the state bank.

There is no treasury in the USSR. Cash fulfillment of the statebudget is accomplished by the Gosbank (State Bank) of the USSR.


References in periodicals archive ?
Treasury is interested in public comment on what steps the public and private sectors can take to address any outstanding risks in the Treasury markets, including operational risks to market functioning and risks to market integrity.
Finally, Treasury and the IRS agreed with comments that certain transfers to a disregarded entity that remain there only briefly should not be valuation events.
Success in the corporate treasury is reliant on quick, smart decisions; by leveraging STP across the back-, middle- and front-office areas, firms can create and maintain a competitive edge.
Paulson is in charge and has assigned Emil Henry, Assistant Treasury Secretary for Financial Institutions, as the hands-on director of the group.
Twinem noted that the Treasury Department and IRS issued final regulations in May 2005 amending the rules governing practice before the IRS.
If they don't ask for a change, checks will continue to be mailed, Treasury officials said.
Last, the Treasury plans to make changes at the top of the IRS.
In our view, any legislation should give the Treasury Department a good deal of freedom to set the mint's production schedule so as to optimize costs and resource usage at the mint, die Bureau of Engraving and Printing, where the effect on bank note production will be substantial; at the Federal Reserve Banks, which will need to adjust considerably their capacity for processing notes and coins as well as draw down their inventories of $1 notes; and at commercial banks and retail establishments.
Treasury I also proved invaluable to Republicantax reformers.
Treasury found that Chinese (economic) policies were highly distortionary and posed a risk to China's economy, its global trading partners, and to global economic growth.