Bureau of the Fiscal Service: Difference between revisions

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{{Short description|United States federal agency}}
{{Short description|United States federal agency}}
{{Use mdy dates|date=January 2024}} {{Use American English|date=January 2024}}
{{Organization
|OrganizationName=Bureau of the Fiscal Service
|OrganizationType=Executive Departments (Sub-organization)
|Mission=The Bureau of the Fiscal Service promotes the financial integrity and operational efficiency of the U.S. government through exceptional accounting, financing, collections, payments, and shared services. It provides innovative solutions for managing federal finances to ensure transparency and accountability.
|OrganizationExecutive=Commissioner
|Employees=4000
|Budget=
|Website=https://fiscal.treasury.gov/
|Services=Public debt management; Federal payments; Collections; Cash management; Financial reporting
|ParentOrganization=U.S. Department of the Treasury
|CreationLegislation=Treasury Order 136-01 (effective October 7, 2012)
|Regulations=31 CFR Subchapter A (Bureau of the Fiscal Service)
|HeadquartersLocation=38.940848, -76.893077
|HeadquartersAddress=3201 Pennsy Dr, Landover, MD 20785
}}
{{Infobox government agency
{{Infobox government agency
| seal =  
| seal =  

Revision as of 23:26, 9 January 2025

Stored: Bureau of the Fiscal Service

Bureau of the Fiscal Service
Type: Executive Departments (Sub-organization)
Parent organization: U.S. Department of the Treasury
Top organization:
Employees: 4000
Executive: Commissioner
Budget:
Address: 3201 Pennsy Dr, Landover, MD 20785
Website: https://fiscal.treasury.gov/
Creation Legislation: Treasury Order 136-01 (effective October 7, 2012)
Wikipedia: Bureau of the Fiscal ServiceWikipedia Logo.png
Bureau of the Fiscal Service
This map created from a Cargo query (Purge)
Mission
The Bureau of the Fiscal Service promotes the financial integrity and operational efficiency of the U.S. government through exceptional accounting, financing, collections, payments, and shared services. It provides innovative solutions for managing federal finances to ensure transparency and accountability.
Services

Public debt management; Federal payments; Collections; Cash management; Financial reporting

Regulations

31 CFR Subchapter A (Bureau of the Fiscal Service)

Bureau of the Fiscal Service
File:Bureau of the Fiscal Service logo.svg
Agency Overview
Formed October 7, 2012 (2012-10-07)
Preceding agencies Bureau of the Public Debt
Financial Management Service
Jurisdiction United States federal government
Headquarters Liberty Loan Federal Building
Washington, D.C.
Employees 1,969 FTE (2020)[1]
Annual budget $857,202,000 (2020)[1]
Agency Executive Timothy Gribben, Commissioner of the Fiscal Service
Parent department United States Department of the Treasury
Website
[{{{url}}} Official Site - {{{text}}}]

The Bureau of the Fiscal Service (Fiscal Service) is a bureau of the U.S. Department of the Treasury. The Fiscal Service replaced the Bureau of the Public Debt and the Financial Management Service effective October 7, 2012, by directive of Treasury Secretary Timothy Geithner.[2] The merger of the two agencies and their data centers saved $415 million.[3]

The Bureau manages the government's accounting, central payment systems, and public debt.[4] It also operates the TreasuryDirect website for purchasing Treasury securities.[5]

Among some of its better known duties is to collect any voluntary donations made to the government for reduction of the public debt.[6] The amount of donations has averaged $2.3 million per year during the last 26 years.[7] By comparison, the public debt was over $20 trillion as of 2017.[8]

See also

References

  1. ↑ 1.0 1.1 "Bureau of the Fiscal Service: Program Summary by Budget Activity". U.S. Department of the Treasury. 2020.
  2. ↑ "Bureau of the Fiscal Service - About". Bureau of the Fiscal Service. 2018. https://www.fiscal.treasury.gov/about.html. Retrieved 30 November 2018. 
  3. ↑ Wenger, Yvonne (September 9, 2012). "Md. lawmakers protest loss of 450 federal jobs". The Baltimore Sun. p. A8.
  4. ↑ "Bureau of the Fiscal Service - Our Programs". Bureau of the Fiscal Service. 2013. http://www.fiscal.treasury.gov/fsprograms/fs_programs.htm. Retrieved 26 November 2013. 
  5. ↑ Trompor, Susan (May 28, 2023). "Nationwide savings bond scheme leads to headaches". Detroit Free Press. p. B1, B3.
  6. ↑ Purcell, Tom (January 28, 2017). "Your gift can help pay down US debt". News Herald (Port Clinton, Ohio). p. A5.
  7. ↑ "Government - Gift Contributions to Reduce Debt Held by the Public". Archived from the original on October 6, 2021. https://web.archive.org/web/20211006103725/https://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm. 
  8. ↑ Yamachika, Tom (December 10, 2017). "Voluntary Additional Tax?" West Hawaii Today. p. C4.

External links

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