Current Issues in Economics and Finance
The Evolution of Treasury Cash Management during the Financial Crisis
Volume 18, Number 32012
JEL classification: A19, B26

Authors: Paul J. Santoro

The U.S. Treasury and the Federal Reserve System have long enjoyed a close relationship, each helping the other to carry out certain statutory responsibilities. This relationship proved beneficial during the 2008-09 financial crisis, when the Treasury altered its cash management practices to facilitate the Fed’s dramatic expansion of credit to banks, primary dealers, and foreign central banks.

PDF full articlePDF 11 pages / 383 kb
Press release
Order this article
Related New York Fed Content