Bureau of Trust Funds Administration

From USApedia

The Bureau of Trust Funds Administration (BTFA) is a bureau within the U.S. Department of the Interior that manages the financial assets of American Indians:

Responsibilities

The BTFA manages over $8.6 billion in trust funds, including:

  • Approximately 4,100 Tribal accounts
  • More than 408,000 individual accounts
  • Individual Indian Money (IIM) accounts

Services

The BTFA provides:

  • Trust funds accounting and management services
  • Fiduciary guidance
  • Other responsibilities
  • Maintains the official archive of American Indian Records
  • Safeguards millions of original, historic documents

Mission

The mission of the Bureau of Trust Funds Administration is to manage the financial assets of trust beneficiaries, which includes disbursing more than $1 billion annually and having more than $8 billion under active day-to-day management and investment on behalf of Tribes and individuals. This effort is integrally related to the Department of the Interior's goal of meeting its responsibilities to American Indians, with a vision of "We Excel, Native America Prospers."

Parent Organization

Legislation Authorizing Creation

Number of Employees

  • Over 400 employees

Last Total Enacted Budget

  • Specific figures not publicly detailed, manages over $8 billion in trust funds.

Title of the Leader

  • Director

Services Provided

The BTFA manages the financial assets of American Indians held in trust by the Department of the Interior. This includes the disbursement of funds, day-to-day management and investment of more than $8 billion on behalf of Tribes and individuals, maintaining the official archive of American Indian Records, and safeguarding millions of historic documents that detail the Federal government's treaty obligations to Native Americans.

Regulations Overseen

The BTFA oversees regulations related to the management of trust funds for American Indians and Tribes, ensuring compliance with federal laws like the American Indian Trust Fund Management Reform Act of 1994. It also handles the responsibilities for trust fund accounting, investment, and distribution in accordance with fiduciary standards. These responsibilities are detailed in various parts of the Code of Federal Regulations, notably 25 CFR Part 115, which deals with Trust Funds for Tribes and Individual Indians.

Headquarters Address

  • Mailing Address: P.O. Box 26928, Albuquerque, NM 87125

Website

Wikipedia Article Title

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