BNET Business Dictionary

Business Definition for: Treasury

  • the department of a company or corporation that deals with all financial matters
  • in some countries, the government department responsible for the nation's financial policies as well as the management of the economy

Wiktionary Definition for: Treasury

  • a place where treasure is stored safely
  • a place where state or royal money and valuables are stored
  • a collection or artistic or literary works

Additional Resources

A Sit-Down with Treasury Officials (Part II)
Kid Dynamite submits: In Part One of the recap of my trip to the Treasury, I outlined the questions and answers related to variations on the concept of "extend and pretend" - the refusal to acknowledge bad debts and instead attempt to stick our proverbial policy finger in the...
Tags: Seeking Alpha, US Market, Financial, Kid Dynamite
External links 2009-11-05
Time to Change GSEs' Deal with Treasury
Derek Pilecki submits: Given Freddie Mac’s FRE recently reported profitable second quarter earnings, it is time for Treasury Secretary Geithner to amend the terms of Fannie Mae FNM and Freddie Mac’s Senior Preferred Stock Purchase Plan with the Treasury to be comparable to the preferred stock purchases the Treasury made...
Tags: Financial, Derek Pilecki, Fannie Mae, Freddie Mac
External links 2009-08-26
Unwinding the TARP: Is Treasury Leaving Money on the Table?
The Treasury Department announced on June 10 that a select group of 10 banks are in sufficiently robust health to repay the $68 billion they received in the Capital Purchase Program CPP portion of the TARP. But for them, TARP's not over: the Treasury still holds warrants to buy the...
Tags: Bank, Troubled Asset Relief Program, Warrant, Treasury, Financial Services, John Keefe
Blog posts 2009-06-12
Treasury Earns 12% Return on First Few TARP Banks: Is That Enough?
Banks that took Treasury TARP funding are eager to cut their ties to the program, in order to demonstrate their self-sufficiency, and regain full control of their institutions including how much they can pay the top brass. Eleven smallish banks have completely wound up their TARP participation, and the Congressional...
Tags: Bank, Troubled Asset Relief Program, Warrant, Treasury TARP, COP, Financial Services, John Keefe
Blog posts 2009-07-12
TARP Inspector General Gives Program, And Treasury, Low Marks
In his latest quarterly report card for the TARP program, released October 21, Special Inspector General Neil Barofsky provides a discouraging record. For the program itself, progress in spurring loan growth is slow, and in spite of news tidbits to the contrary, the return on taxpayers' investment has been poor....
Tags: Bank, Troubled Asset Relief Program, Special Inspector General Neil Barofsky, Treasury, John Keefe
Blog posts 2009-10-21
Treasury, GMAC in talks for more aid
NEW YORK - GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the U.S. auto industry. The Treasury Department mandated earlier this year that GMAC Financial Services...
Tags: government, Chrysler LLC, General Motors Corp., FDIC, U.S. Department Of Treasury
News items 2009-10-28
Fannie Mae Posts $18.9 Billion Q3 Loss, Taps Treasury
By Al YoonNEW YORK (Reuters) - Fannie Mae, the largest provider of funding for U.S. home loans, said on Thursday bad mortgages and a federal foreclosure prevention program left it with a $18.9 billion loss, forcing it to tap the Treasury again to plug a hole in its net worth.Fannie...
Tags: Fannie Mae, Treasury, Government, Mortgages, Taxes, Personal Finance, FHFA, Goldman Sachs Group Inc.
News items 2009-11-05
News Briefs: Arizona Treasury, board OK 20% TIPS allocation.(News Briefs)
PHOENIX - Arizona State Treasury and the Arizona State Board of Investment approved a 20% allocation to Treasury inflation-protected securities, said Blaine Vance, chief deputy treasurer. The treasury and board of investment have combined land trust PHOENIX - Arizona State Treasury and the Arizona State...
Tags: asset, benefit, benefit plan, company, Delta Air Lines Inc., endowment, equity, investment, Mercer, pension fund, pension plan, private equity
Research articles 2005-11-28
Ronald S. Eaker Named Co-Manager of The Gabelli U.S. Treasury Money Market Fund
RYE, N.Y. -- GAMCO Investors, Inc. (NYSE: GBL) today named Ronald S. Eaker as Co-Portfolio Manager of The Gabelli U.S. Treasury Money Market Fund (the "Fund"), a fund that seeks to provide high current income consistent with the preservation of principal and liquidity. The Fund (known as "GUSTO") invests exclusively...
Tags: FINANCE, GAMCO Investors Inc., Investment, U.S. Department of Treasury
Research articles 2008-06-26
KILL BW1293, TREASURY-INTERNATIONAL and KILL BW1151, CQN-TREASURY-INTERNATIONAL
Please KILL BW1293, (TREASURY-INTERNATIONAL) Treasury International Reports Fiscal Year 1999 Results, which ran on Business Wire at 1:45 p.m. ET on 08/26/1999. Also KILL the CORRECTION, BW1151, (CQN-TREASURY-INTERNATIONAL) CorrectingFigures in Earnings Release Issued Aug. 26; $2.1 Million sted $12.1; 67,679,323 sted 67,6798,323, which ran on Business Wire at 10:15...
Tags: Business Wire
Research articles 1999-08-27
Payback's Not a Bitch: 10 TARP Recipients Get Green Light to Repay $68 Billion to Treasury
Whew -- that was fast! It took just eight months for ten of the nation's largest banks to repay TARP funds.  That mid-September week after the collapse of Lehman Brothers seems like a lifetime ago, but it's worth recalling the intensity of that frightening period. As one...
Tags: Bank, Troubled Asset Relief Program, Government, Vertical Industries, Financial Services, Financial Planning, Finance, Jill Schlesinger
Blog posts 2009-06-09
Treasury GMAC Bailout A Fraudulent "Kiting" Scheme?
The Bush Administration seems determined to extend the US auto industry's life until January 21st come hell or high water. The latest sign of this desperation? The Treasury just bailed out GMAC with $5 billion of taxpayer TARP money that it doesn't really have. NYT: The Treasury Department injected $5...
News items 2009-08-07
Treasury's Kashkari Eyes TARP Contingency Funds
By David Lawder WASHINGTON (Reuters) - Thousands of U.S. banks are waiting for federal investment dollars, but the Obama administration needs to set aside cash for "one-off" rescues of major institutions, the man who runs the Treasury's $700 billion bailout fund said on Tuesday. Neel Kashkari, who will stay on...
News items 2009-08-07
A Sit Down with Treasury Officials (Part I)
Kid Dynamite submits: I received a mysterious email last week from the Treasury, inviting me to a discussion about the Administration's policies and reactions to the economic crisis. Although the timing sucked for me - it was the Monday following the weekend of my move out of NYC...
Tags: Financial, Seeking Alpha, US Market, Kid Dynamite, Bank of America Corp., Citigroup Inc.
External links 2009-11-04
Implications Of The Treasury Decision
The decision by the Treasury to end issuance of 30-year debt caught markets by surprise. This surprise was more about timing, however, than any fundamental news about fiscal policy or debt supply. Treasury's announcement did not make a material change to the likely supply of long Treasury bonds. Treasury has...
Tags: Treasury, Bond, Morgan Stanley, Investment, Finance
White papers 2002-11-08
International Treasury Back to Basics - The Effect of Transfer Pricing
Transfer pricing is a fair, but arm's length price assigned to the buying/selling of goods and services between related companies. The main Objectives of this article are to review Treasury's interface with global business operations, describe operating and treasury transactions, introduce and define transfer pricing concepts. Treasury must understand the...
Tags: Pricing Strategy, Pricing, Marketing Research, Marketing
White papers 2003-01-01
Commercial Policy Framework: Treasury Management Policy
The Treasury Management Policy applies to the treasury functions of all public sector agencies, incorporating both General Government agencies and Government businesses. However, the policy is of greater relevance to Government businesses, given the extent of their treasury functions. The objective of the policy is to provide an overarching framework...
Tags: Treasury Management, NSW Treasury, Treasury Management Policy, Treasury Function, Financial Services
White papers 2002-09-01
Ins. reaction to reforms called 'hostile.'(Treasury Undersecretary John D. Hawke, Jr. says insurance industry is very hostile to Treasury Department's financial services regulatory reform proposal)(Financial Institutions Insurance Association annual meeti
Washington The insurance industry's reaction to the Treasury Department's financial services reform proposal was "unpredictably hostile," Under Treasury Secretary John D. Hawke, Jr. said last week. "I thought we were on the same Washington The...
Tags: bank, financial, financial service, insurance, U.S. Department of Treasury, Williams
Research articles 1997-06-23
Treasury justifies annuity tax.(US Treasury Department justification of Clinton Administration's plan to levy $8 billion worth of new taxes on annuities)
The life insurance industry is criticizing the US Treasury Department's tack on gaining approval on the Clinton Administration's plan to levy $8 billion worth of new taxes on annuities. The Treasury Department has claimed that one of the four new taxes woThe life insurance industry is criticizing the US Treasury...
Tags: annuity, tax, U.S. Department of Treasury
Research articles 1998-03-02
Global Finance Names SunGard's AvantGard the Winner in Two Categories of its Annual Treasury and Cash Management Awards; AvantGard GETPAID Wins Best Accounts Receivable Solution; AvantGard Treasury Wins Best Treasury Workstation Award
PARSIPPANY, N.J. -- SunGard (http://www.sungard.com) today announced that AvantGard, SunGard's leading treasury, cash management and order-to-cash solution, has been selected by Global Finance magazine as the 2006 best treasury workstation and best provider of accounts receivable (A/R) solutions, for AvantGard Treasury and AvantGard GETPAID respectively. This is the second consecutive...
Tags: SunGard Data Systems Inc.
Research articles 2006-03-01
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