Treasury Services

JP Morgan role in NavyCash is a Treasury Service. 

The Federal Reserve offers a Treasury Service to the the US Government.  Major financial institutions all seem to offer a category of financial service called Treasury Service at a level that places this service among the primary categories of Asset Management, Commercial Banking, Investment Bank, Private Banking, Security Services and Treasury Services.  All the categorically big things that financial institutions do.

These  are the Treasury Services offered by JP Morgan.  I expect that the generic offerings of all the other competing financial institutions are generically the same.  Treasury Services are all about cash management.  Receipts and payments and maintenance of cash holdings in that pot that exists between receipt and payment where cash exists as some form of actual currency or conversion to a cash currency equivalent liquid asset that is not the cash of any sovereign nation by quickly or instantly, convertible to any form of sovereign money.

Cash as real money cash in a treasury pot does not do much so it would be my expectation that (real) cash management holdings objectives would ideally be zero.  Converting real cash receipt to some form of money making paper upon receipt and converting it back to real cash only at the instant that a payment in real cash has to be made.  Beyond receipts and payment the management service of "real cash" is obviously where the financial institution providing the service makes its money.

In the current digital computer environment I wonder how soon cash into a customer Treasury Service account changes into some kind of liquid paper.  Likewise, how quickly it converts back to cash for payment.  The cash converted to liquid paper in the customer account goes somewhere after it buys "liquid paper something" to be converted again by the receiver because they find little value in holding real cash as real cash.  I expect there is arbitrage and fees at the exchange point.  Must be something in it for someone.

How much (if anything) is the monetary value of the thing being received and payed out of the customer's Treasury Service account really a sovereign currency and how much is it equivalent paper that does not even have to undergo a transition in order tto be a form of payment made from the customer Treasury Service account?

All medium of exchange in the real world, especially when it is a financial product or derivative in the financial trading world is likely not to be solely and strictly a sovereign currency of some country?  That is a big question.  In my money scheme (a digital, serialized denominated currency that is a record upon which ownership changes, not an account where the money in it changes) all transactions would be done in that medium of exchange.  Trades of things for things, like barter, even if the thing bartered was a paper representation of something of claimed value would be outside of the money accounting system.