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Financial Management Service: Difference between revisions
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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. | 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]], | 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=== | ===Credit Gateway=== | ||