Deposit operations of the Federal Treasure: Past, present and future

The article considers the main theoretical and practical aspects of the functioning of the Federal Treasury operations in terms of placing federal budget funds, funds of the single treasury account, the reserve of funds for the implementation of compulsory social insurance against industrial accidents and occupational diseases and other funds in bank deposits. An analysis of the development and current state of the most significant, in terms of efficiency, financial instrument for placing free budget funds - bank deposits is carried out. Particular attention is paid to the characteristics and assessment of the effectiveness of the mechanism for admitting credit institutions to deposits of the Federal Treasury. The range of deposits provided by the Federal Treasury to financial market participants is considered. Plans and promising directions for the development of this instrument in 2025 are formulated.