Bureau of the Fiscal Service: Difference between revisions

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{{Organization
[[Catergory:Orgs]]
|OrganizationName=Bureau of the Fiscal Service
{{<span class="error">Expansion depth limit exceeded</span>|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}}
{{<span class="error">Expansion depth limit exceeded</span>|United States federal agency}}


{{Infobox government agency
{{<span class="error">Expansion depth limit exceeded</span>| seal =  
| seal =  
| logo = Bureau of the Fiscal Service logo.svg
| logo = Bureau of the Fiscal Service logo.svg
| formed = {{start date|2012|10|07}}
| formed = {{<span class="error">Expansion depth limit exceeded</span>|2012|10|07}}
| coordinates = {{coords|38.8846779|-77.0359374}}
| coordinates = {{<span class="error">Expansion depth limit exceeded</span>|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><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>
| employees = 1,969 [[full-time equivalent|FTE]] <sub>(2020)</sub><span class="error">Expansion depth limit exceeded</span>
| budget = $857,202,000 <sub>(2020)</sub><ref name=bfs2020/>
| budget = $857,202,000 <sub>(2020)</sub><span class="error">Expansion depth limit exceeded</span>
| 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 = {{official URL|https://www.fiscal.treasury.gov/}}
| website = {{<span class="error">Expansion depth limit exceeded</span>|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.<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 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.<span class="error">Expansion depth limit exceeded</span> The merger of the two agencies and their data centers saved $415{{<span class="error">Expansion depth limit exceeded</span>}}million.<span class="error">Expansion depth limit exceeded</span>


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>
The Bureau manages the government's accounting, central payment systems, and [[national debt of the United States|public debt]].<span class="error">Expansion depth limit exceeded</span> It also operates the [[TreasuryDirect]] website for purchasing [[United States Treasury security|Treasury securities]].<span class="error">Expansion depth limit exceeded</span>


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>
Among some of its better known duties is to collect any voluntary donations made to the government for reduction of the public debt.<span class="error">Expansion depth limit exceeded</span> The amount of donations has averaged $2.3{{<span class="error">Expansion depth limit exceeded</span>}}million per year during the last 26 years.<span class="error">Expansion depth limit exceeded</span> By comparison, the public debt was over $20{{<span class="error">Expansion depth limit exceeded</span>}}trillion as of 2017.<span class="error">Expansion depth limit exceeded</span>


{{Official URL (simple)|url=https://fiscal.treasury.gov/}}
{{<span class="error">Expansion depth limit exceeded</span>|url=https://fiscal.treasury.gov/}}


==Mission==
==Mission==
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== References ==
== References ==
{{reflist}}
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== External links ==
== External links ==
* {{Official website|https://www.fiscal.treasury.gov/}}
* {{<span class="error">Expansion depth limit exceeded</span>|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}}
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{{authority control}}
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[[Category:United States Department of the Treasury agencies]]
[[Category:United States Department of the Treasury agencies]]