Treasury


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treasury

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

Treasury

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

Treasury

 

(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.


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.

A. B. EIDEL’NANT

References in periodicals archive ?
Persons who previously have been sent inquiry letters by the Department of Treasury will have 180 days after enactment of the voluntary disclosure legislation to send a written request to enter into a voluntary disclosure agreement.
Of the efforts taken to date, I should comment on the significant progress made in improving communications among the agencies involved in the surveillance effort--the Bank, the Treasury, the SEC, the Federal Reserve Board, and the Commodity Futures Trading Commission.
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Many in the industry understand that this is the most pragmatic solution to the conceptual issue of the corporate treasury, but are at a loss as to how to accomplish it.
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Calculating net value: In the preamble to the final regulations, Treasury and the IRS noted that the comments received on a disregarded entity's net value illustrate the difficulty of taking into account priorities among obligations of disregarded entities in determining their net value, as well as the differing views on the best approach to measure a partner's economic risk of loss.
High speeds, a competitive landscape and profitability models have dramatically changed the notion of efficiency within the corporate treasury department.
She observed that in the past the Treasury Department has expressed opposition to codification of the economic substance provision and inquired whether the Treasury Department remains opposed to the proposal.
And if they discontinue investing in the quantity that they do, one would think that could affect the Treasury rate.
Our response has been to bring together a highly specialized team in the region to support and advise clients during their treasury centralization and optimization process.
A lack of experience with the industry had Treasury thinking insurance didn't offer a likely avenue for laundering money, Abernathy said.