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Discussion Paper

Fluctuations in the Treasury General Account and their effect on the Fed’s balance sheet


Abstract: The Treasury General Account (TGA) represents the US government's deposits held with the Federal Reserve. The TGA is used to facilitate payments from and to the government and thus provides important payment services to the government and the country.

https://doi.org/10.17016/2380-7172.3873

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File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/fluctuations-in-the-treasury-general-account-and-their-effect-on-the-feds-balance-sheet-20250806.html

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Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2025-08-06

Number: 2025-08-06