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{{Infobox government agency
|agency_name     = Financial Management Service
|logo            = US-FinancialManagementService-Logo.svg
|logo_width      = 200px
|logo_caption    = Logo
|seal            = US-FinancialManagementService-Seal.svg
|seal_width      = 140px
|seal_caption    = Seal
|formed          = 1974
|preceding1      = Bureau of Accounts
|headquarters    = [[Washington, D.C.]]
|employees       = 2,100
|budget          =
|chief1_name     = David A. Lebryk
|chief1_position = Commissioner
|chief2_name     = Wanda Rogers
|chief2_position = Deputy Commissioner
|parent_agency   = [[United States Department of the Treasury|Treasury Department]]
|child1_agency   =
|website         = [http://www.fms.treas.gov www.fms.treas.gov]
|footnotes       =
|dissolved       = {{end date|2012|10|07}}
|superseding     = [[Bureau of the Fiscal Service]]
}}
The '''Financial Management Service''' (or '''FMS''') was a bureau of the [[United States Department of the Treasury]] and provided several financial services for the [[United States Government|federal government]]. On October 7, 2012, [[Secretary of the Treasury]] [[Timothy Geithner]] issued a directive merging the FMS with the [[Bureau of the Public Debt]] to form the new [[Bureau of the Fiscal Service]].<ref>{{cite web | url=http://www.fiscal.treasury.gov/fsabout/fs_history.htm | title=Bureau of the Fiscal Service - History | publisher=Bureau of the Fiscal Service | year=2013 | accessdate=26 November 2013 | archive-url=https://web.archive.org/web/20140502040338/http://www.fiscal.treasury.gov/fsabout/fs_history.htm | archive-date=2 May 2014 | url-status=dead }}</ref>

==Services==
These services included centralized payment, collection, and reporting services, oversight of a daily [[cash flow]] of nearly $58{{nbsp}}billion into and out of federal accounts, disbursement of more than $1.5{{nbsp}}trillion to more than 100{{nbsp}}million individuals via [[Social Security (United States)|Social Security]] and [[Veterans Benefits Administration|veterans' benefits]], issuance of [[tax refund]]s and other federal payments, collection of more than $2.67{{nbsp}}trillion per year in payments to the government through financial institutions, and collection of [[delinquent debt]]s owed to the government.

FMS had a total of 2,100 employees located in its headquarters offices in [[Washington, D.C.]], and [[Hyattsville, Maryland]], and its five regional centers in [[Austin, Texas|Austin]], [[Birmingham, Alabama|Birmingham]], [[Kansas City, Missouri|Kansas City]], [[Philadelphia]], and [[San Francisco]]. Before 1984, FMS was known as the Bureau of Government Financial Operations.

===Credit Gateway===
 
On September 13, 2010,<ref name="April 19, 2010 letter first">{{cite web|title=April 19, 2010 letter to all agencies|last=Bushwood|first=Bill|url=http://www.fms.treas.gov/creditgateway/lttr_agencies041910.pdf|publisher=Financial Management Service|accessdate=7 November 2012|date=April 19, 2010}}</ref> the Financial Management Service started to use [[Credit Gateway]] as a deposit program for the receipt of federal agency [[Fedwire]] and [[ACH Network|ACH]] credit transactions.<ref name="Before and After">{{cite web|title=Before & After Credit Gateway Comparison|url=http://www.fms.treas.gov/creditgateway/bef_aft_comp.pdf|publisher=Financial Management Service|accessdate=7 November 2012}}</ref><ref name="questions">{{cite web|title=Common Questions|url=http://www.fms.treas.gov/creditgateway/questions.pdf|publisher=Financial Management Service|accessdate=7 November 2012}}</ref> It is an effort to modernize the collections and cash management programs of the [[US Department of the Treasury]] and is being implemented in multiple phases over the course of two years.<ref name="April 19, 2010 letter first">{{cite web|title=April 19, 2010 letter to all agencies|last=Bushwood|first=Bill|url=http://www.fms.treas.gov/creditgateway/lttr_agencies041910.pdf|publisher=Financial Management Service|accessdate=7 November 2012|date=April 19, 2010}}</ref><ref name="questions">{{cite web|title=Common Questions|url=http://www.fms.treas.gov/creditgateway/questions.pdf|publisher=Financial Management Service|accessdate=7 November 2012}}</ref>

The [[Credit Gateway]] is operated by a commercial bank that has been designated as a financial agent of the government.<ref name="April 19, 2010 letter first">{{cite web|title=April 19, 2010 letter to all agencies|last=Bushwood|first=Bill|url=http://www.fms.treas.gov/creditgateway/lttr_agencies041910.pdf|publisher=Financial Management Service|accessdate=7 November 2012|date=April 19, 2010}}</ref><ref name="questions">{{cite web|title=Common Questions|url=http://www.fms.treas.gov/creditgateway/questions.pdf|publisher=Financial Management Service|accessdate=7 November 2012}}</ref> The bank processes FMS transactions using its own infrastructure and commercial software. The transactions settle at [[Federal Reserve Bank]]s, rather than at the designated commercial bank.<ref name="April 19, 2010 letter first">{{cite web|title=April 19, 2010 letter to all agencies|last=Bushwood|first=Bill|url=http://www.fms.treas.gov/creditgateway/lttr_agencies041910.pdf|publisher=Financial Management Service|accessdate=7 November 2012|date=April 19, 2010}}</ref><ref name="questions">{{cite web|title=Common Questions|url=http://www.fms.treas.gov/creditgateway/questions.pdf|publisher=Financial Management Service|accessdate=7 November 2012}}</ref> The Credit Gateway processes transactions in real time to FMS reporting systems, namely the [[Transaction Reporting System]].<ref name="April 19, 2010 letter first">{{cite web|title=April 19, 2010 letter to all agencies|last=Bushwood|first=Bill|url=http://www.fms.treas.gov/creditgateway/lttr_agencies041910.pdf|publisher=Financial Management Service|accessdate=7 November 2012|date=April 19, 2010}}</ref><ref name="questions">{{cite web|title=Common Questions|url=http://www.fms.treas.gov/creditgateway/questions.pdf|publisher=Financial Management Service|accessdate=7 November 2012}}</ref><ref name="Before and After">{{cite web|title=Before & After Credit Gateway Comparison|url=http://www.fms.treas.gov/creditgateway/bef_aft_comp.pdf|publisher=Financial Management Service|accessdate=7 November 2012}}</ref>

==References==
<references/>

==External links==
*[http://www.fms.treas.gov/ Financial Management Service website]
{{US Treasury agencies}}

{{authority control}}

[[Category:United States Department of the Treasury agencies]]
[[Category:Financial management]]
[[Category:Defunct agencies of the United States government]]