Treasury Notes


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Related to Treasury Notes: Treasury bills, 10 Year Treasury Notes

Treasury Notes

 

tokens representing value, which substitute in circulation for set quantities of gold or silver. Having no value of their own, treasury notes circulate as representations of gold and silver money and to some’extent may substitute for them as a medium of payment. Treasury notes may take the form of paper money and bank notes, as well as of coins having a nominal value greater than their actual metallic value (such as copper and nickel coins).


Treasury Notes

 

money not exchangeable for gold and issued by the treasury, as well as short-term treasury obligations in circulation. Before World War I, treasury notes greatly differed from bank notes, which were put out by the banks of issue to credit commodity circulation and which were exchangeable for gold. During and for some time after World War I, budget deficits were often covered by treasury notes, as well as by bank notes (which ceased to be exchangeable for gold). During World War II, military expenditures were financed by short-term treasury obligations, such as the “occupation marks” issued by fascist Germany that circulated in countries temporarily occupied by Germany.

In the USSR, treasury notes are used to replace bank notes and to pay small bills. Treasury notes circulate in the country on an equal basis with bank notes. Treasury notes are issued by the Gosbank (State Bank) of the USSR according to its emission plan in denominations of one, three, and five rubles. By law, treasury notes are backed by the national property of the USSR, and their acceptance at their nominal value is mandatory throughout the entire country for all types of payments.

A. B. EIDEL’NANT

References in periodicals archive ?
Due to the US Treasury Department's suspension of 30-year bond issuance between 2001 and 2006, the gap in the exposures of the existing 10-Year US Treasury note and the US Treasury bond futures has expanded from approximately eight years to about 14 years, creating customer demand for a new product that establishes 10-year yield exposure.
By rewarding executives only when the company's stock price increases at a rate greater than the 10-year Treasury note plus an equity risk premium, EPOPs overcome the criticism that performance targets are too low.
Following the Fed's rate cut, yields on 10-year Treasury notes rose from 4.47 percent to 4.62 percent by the end of the month, a jump presumably precipitated by concerns that the Fed's rate cut might negatively impact inflation at some point down the line.
NORDIC BUSINESS REPORT-19 June 2006-New treasury notes issued in Iceland(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
economy for years, buying billions of federal debt in Treasury notes and personal debt in mortgage bonds.
"There can be little doubt that exceptionally low interest rates on 10-year Treasury notes, and hence on home mortgages, have been a major factor in the recent surge of homebuilding and home turnover, and especially in the steep climb in home prices.
Unlike nominal Treasury notes, the real return of a TIPS is fixed at auction time.
Treasury notes and dollar bills with a total face value exceeding $125 trillion were seized over the weekend in the city of Cagayan de Oro in the southern Philippines, police said Wednesday.
''Twenty-one boxes contain fake treasury notes in $500 million denominations and 12 boxes contain (notes in) $100 million denominations.
* Treasury notes (intermediate-term): maturities of three to 10 years

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