Bureau of the Fiscal Service
 | This page in a nutshell: United States federal agency |
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]
| Bureau of the Fiscal Service | |
|---|---|
| File:Bureau of the Fiscal Service logo.svg | |
| Agency Overview | |
| Formed | October 7, 2012 |
| 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 | |
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
- ↑ 1.0 1.1 "Bureau of the Fiscal Service: Program Summary by Budget Activity". U.S. Department of the Treasury. 2020.
- ↑ "Bureau of the Fiscal Service - About". Bureau of the Fiscal Service. 2018. https://www.fiscal.treasury.gov/about.html. Retrieved 30 November 2018.
- ↑ Wenger, Yvonne (September 9, 2012). "Md. lawmakers protest loss of 450 federal jobs". The Baltimore Sun. p. A8.
- ↑ "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.
- ↑ Trompor, Susan (May 28, 2023). "Nationwide savings bond scheme leads to headaches". Detroit Free Press. p. B1, B3.
- ↑ Purcell, Tom (January 28, 2017). "Your gift can help pay down US debt". News Herald (Port Clinton, Ohio). p. A5.
- ↑ "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.
- ↑ Yamachika, Tom (December 10, 2017). "Voluntary Additional Tax?" West Hawaii Today. p. C4.
External links
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