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naraburns  nihil supernum  1yr ago (text post)   4039 thread views

Small-Scale Question Sunday for March 26, 2023

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That government IOU is called a T-bill.

How do you ultimately get the cash out though when the t-bill matures without interacting with the banking system again? By IOU I meant like can the bank just give you some certificate that says you are owed $50m in cash from the Fed/treasury (idk which), and then make it your problem to try and get the actual cash from them? Since I assume the bank would need to order the $50m in 100 dollar bills from the government anyway

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