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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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.



(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.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
In recent months, "as investors have become more optimistic about economic recovery, they have begun to sell Treasury debt, sending government bond prices down," notes the September 7th Financial Times.
A a time of approximately 10 percent unemployment nationwide, treasury practitioners have high (41 percent) job security and more than 61 percent expect their annual compensation to increase up to 5 percent.
Overall, treasury practitioners indicated that every job function has become more difficult since the beginning of the financial crisis.
Most notably, treasury practitioners say they are being seen as a strategic resources for C-Level executives.
The government securities market spans a wide range of securities, from the extremely liquid, so-called on-the-run Treasury securities, for which bid-asked spreads are razor-thin, to the more exotic and sometimes tailor-made hybrids and derivatives, for which a fair markup could be sizable.
In this process, which would in essence take place with oversight by the SEC, we would favor substantive consultation and cooperation with the Department of the Treasury as the primary regulator of this market.
This is a strategic issue that touches all aspect of the business, not just treasury. To start, this risk capacity assessment really falls to the CFO and CEO.
Again, most of the company's natural hedging will be done outside of Treasury. It may be economic for the business units to put in place formal processes to match the currencies or receipts and expenditures and/or incentive plans that compensate business managers based on results measured in the company's functional currency, regardless of the currency in which the units transact.