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Bureau of the Fiscal Service: Difference between revisions
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{{Organization | |||
{{ | |OrganizationName=Bureau of the Fiscal Service | ||
|OrganizationType=Executive Departments (Sub-organization) | |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. | |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. | ||
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|Website=https://fiscal.treasury.gov/ | |Website=https://fiscal.treasury.gov/ | ||
}} | }} | ||
{{ | {{Short description|United States federal agency}} | ||
{{ | {{Infobox government agency | ||
| seal = | |||
| logo = Bureau of the Fiscal Service logo.svg | | logo = Bureau of the Fiscal Service logo.svg | ||
| formed = {{ | | formed = {{start date|2012|10|07}} | ||
| coordinates = {{ | | coordinates = {{coords|38.8846779|-77.0359374}} | ||
| preceding1 = [[Bureau of the Public Debt]] | | preceding1 = [[Bureau of the Public Debt]] | ||
| preceding2 = [[Financial Management Service]] | | preceding2 = [[Financial Management Service]] | ||
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| chief5_position = | | chief5_position = | ||
| headquarters = Liberty Loan Federal Building<br> [[Washington, D.C.]] | | headquarters = Liberty Loan Federal Building<br> [[Washington, D.C.]] | ||
| employees = 1,969 [[full-time equivalent|FTE]] <sub>(2020)</sub>< | | employees = 1,969 [[full-time equivalent|FTE]] <sub>(2020)</sub><ref name=bfs2020>"[https://home.treasury.gov/system/files/266/17.-Fiscal-FY-2021-BIB.pdf Bureau of the Fiscal Service: Program Summary by Budget Activity]". ''U.S. Department of the Treasury''. 2020.</ref> | ||
| budget = $857,202,000 <sub>(2020)</sub>< | | budget = $857,202,000 <sub>(2020)</sub><ref name=bfs2020/> | ||
| chief6_name = | | chief6_name = | ||
| chief6_position = | | chief6_position = | ||
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| chief9_position = | | chief9_position = | ||
| parent_department = [[United States Department of the Treasury]] | | parent_department = [[United States Department of the Treasury]] | ||
| website = {{ | | website = {{official URL|https://www.fiscal.treasury.gov/}} | ||
}} | }} | ||
The '''Bureau of the Fiscal Service''' ('''Fiscal Service''') is a bureau of the [[United States Department of the Treasury|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.< | The '''Bureau of the Fiscal Service''' ('''Fiscal Service''') is a bureau of the [[United States Department of the Treasury|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.<ref>{{cite web | url=https://www.fiscal.treasury.gov/about.html | title=Bureau of the Fiscal Service - About | publisher=Bureau of the Fiscal Service | year=2018 | accessdate=30 November 2018}}</ref> The merger of the two agencies and their data centers saved $415{{nbsp}}million.<ref>Wenger, Yvonne (September 9, 2012). "[https://www.newspapers.com/image/262783340/ Md. lawmakers protest loss of 450 federal jobs]". ''The Baltimore Sun''. p. A8.</ref> | ||
The Bureau manages the government's accounting, central payment systems, and [[national debt of the United States|public debt]].< | The Bureau manages the government's accounting, central payment systems, and [[national debt of the United States|public debt]].<ref>{{cite web | url=http://www.fiscal.treasury.gov/fsprograms/fs_programs.htm | title=Bureau of the Fiscal Service - Our Programs | publisher=Bureau of the Fiscal Service | year=2013 | accessdate=26 November 2013 | archive-url=https://web.archive.org/web/20131129213835/http://www.fiscal.treasury.gov/fsprograms/fs_programs.htm | archive-date=29 November 2013 | url-status=dead }}</ref> It also operates the [[TreasuryDirect]] website for purchasing [[United States Treasury security|Treasury securities]].<ref>Trompor, Susan (May 28, 2023). "[https://www.newspapers.com/image/965288286/ Nationwide savings bond scheme leads to headaches]". ''Detroit Free Press''. p. B1, B3.</ref> | ||
Among some of its better known duties is to collect any voluntary donations made to the government for reduction of the public debt.< | Among some of its better known duties is to collect any voluntary donations made to the government for reduction of the public debt.<ref>Purcell, Tom (January 28, 2017). "[https://www.newspapers.com/image/264252986/ Your gift can help pay down US debt]". ''News Herald'' (Port Clinton, Ohio). p. A5.</ref> The amount of donations has averaged $2.3{{nbsp}}million per year during the last 26 years.<ref>{{Cite web |url= https://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm |title=Government - Gift Contributions to Reduce Debt Held by the Public |archiveurl= https://web.archive.org/web/20211006103725/https://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm |archivedate= October 6, 2021 }}</ref> By comparison, the public debt was over $20{{nbsp}}trillion as of 2017.<ref>Yamachika, Tom (December 10, 2017). "[https://www.newspapers.com/image/820574391/ Voluntary Additional Tax?]" ''West Hawaii Today''. p. C4.</ref> | ||
{{ | {{Official URL (simple)|url=https://fiscal.treasury.gov/}} | ||
==Mission== | ==Mission== | ||
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== References == | == References == | ||
{{ | {{reflist}} | ||
== External links == | == External links == | ||
* {{ | * {{Official website|https://www.fiscal.treasury.gov/}} | ||
*[[wikisource:Treasury Order 136-01|Treasury Order 136-01, which created the Fiscal Service]] | *[[wikisource:Treasury Order 136-01|Treasury Order 136-01, which created the Fiscal Service]] | ||
{{ | {{US Treasury agencies}} | ||
{{ | {{authority control}} | ||
[[Category:United States Department of the Treasury agencies]] | [[Category:United States Department of the Treasury agencies]] | ||