Treasury
A Treasury is a governmental authority that the assets of a state managed. Treasuries of indebted states manage a state's debts ( national debt ), that is, they ensure punctual interest payments, repayment of loans when they fall due and the issuing of new government bonds . The treasury of a country is often part of the respective finance ministry and therefore subordinate to the respective finance minister .
Germany, Austria, Switzerland
- The Federal Securities Administration (BWpV), formerly the Federal Debt Administration (BSV), was a German federal authority. It was absorbed by the German Finance Agency in August 2006 .
- Austria: Austrian Federal Financing Agency (OeBFA)
- The Federal Treasury is imputed to the Federal Department of Finance Swiss Treasury
Other countries
- Belgium: Agence de la Dette / Agentschap van de Schuld (Belgian Debt Agency)
- France: Agence France Trésor
- United Kingdom (Great Britain): UK Debt Management Office . Directed by the Lord High Treasurer
- Ireland: National Treasury Management Agency
- Israel: Misrad ha-'Ōtzar ( Hebrew מִשְׂרַד הָאוֹצָר / , German 'treasury' )
- Italy: Dipartimento del Tesoro
- Spain: Tesoro Público
- USA: US Department of the Treasury
Historical treasuries
- The Reichsschatzamt was the highest financial authority in the German Empire . In 1919, the Reich Treasury was replaced by the newly established Reich Ministry of Finance .
Others
In the wake of the sovereign debt crisis in the euro area , which became generally known in 2009 , the activities of treasury offices received more public attention and media coverage than before.
An example: The 2013 parliamentary elections in Italy on 24/25 February resulted in a stalemate in the Senate, relatively few votes for Mario Monti's alliance and an unexpectedly high number of votes for Berlusconi's. The attention of stock exchanges, financial market participants and politicians from other countries focused on the interest rates at which the Dipartimento del Tesoro was able to place new Italian government bonds in the reverse auctions and whether the new borrowing was successful in the planned amount (more in the section "Reactions" ).