Financial Management Service
From Wikipedia, the free encyclopedia
The Financial Management Service (or FMS) is a bureau of the United States Department of the Treasury and provides several financial services for the federal government. These services include centralized payment, collection, and reporting services, oversight of a daily cash flow of nearly $58 billion into and out of federal accounts, disbursement of more than $1.5 trillion to more than 100 million individuals via Social Security and veterans' benefits, issuance of tax refunds and other federal payments, collection of more than $2.67 trillion per year in payments to the government through financial institutions, and collection of delinquent debts owed to the government.
FMS has a total of 2,100 employees located in its headquarters offices in Washington, DC and Hyattsville, MD, and its five regional centers in Austin, Birmingham, Kansas City, Philadelphia and San Francisco.
