Fiscal agency services

Fiscal agency services

Services performed by the Federal Reserve Banks for the U.S. government. These include maintaining deposit accounts for the Treasury Department, paying U.S. government checks drawn on the Treasury, and issuing and redeeming savings bonds and other government securities.

Fiscal Agency Services

Services that Federal Reserve Banks perform for the United States government. The most important of these services include maintaining the Treasury Department's bank accounts and issuing and redeeming Treasury securities.