Category: Money

INCLUDES MUCH MORE THAN THE TREASURY PROPER THE preceding chapters have referred almost entirely to matters pertaining to the Federal cash transactions—the currency, bonds, checks, their clearance, etc. Other Treasury matters have not been alluded to except when essential to a clear explanation of those topics. Receiving, paying, and accounting for the Treasury cash are […]

DELIVERY AND RECEIPTING SYSTEM THE question is often asked how the Treasury is able to protect the money that flows into and out of the Treasury and how it is possible for those responsible for the safe-keeping of the public funds to be assured that the currency is, in fact, present in the vaults as […]

THE establishment of the Federal reserve banks made the subtreasuries no longer necessary. They were therefore abolished, and much of the Government business that they had been performing was taken over by the twelve Federal reserve banks that were organized pursuant to the Federal Reserve Act. There are now twenty-five branches of the twelve parent […]

THE PROCESS A DESCRIPTION of the means of protection and the pathway of a particular bond will substantiate the assertion that if a spurious bond were presented for redemption the fact that it was not a valid instrument could not escape detection. Let us inquire into the reasons that warrant that statement and begin by […]

BASIS OF THE TREASURY STRUCTURE THE story of how Uncle Sam keeps track of the vast sums of money that pour into his Treasury involves a description of a great business organization that has been developing and operating from September 2, 1789, until the present day. The original structure of the Treasury Department, as it […]