Bureau of the Public Debt

From Wikipedia, the free encyclopedia

The Bureau of the Public Debt is an agency of the United States Department of the Treasury. The Bureau's headquarters are located in Washington, DC, but most employees are located in Parkersburg, West Virginia. This Treasury Bureau borrows money needed to operate the Federal Government, accounts for the resulting debt, and provides reimbursable services to other Federal agencies. Borrowing is done by selling US Treasury bills, notes, bonds and TIPS, as well as US Treasury savings bonds. The bureau pays interest to investors and redeems investors' securities. Borrowings total about $5 trillion each year through 220 or so marketable securities auctions and savings bond sales at over 40,000 locations throughout the U.S. The Bureau of the Public Debt sells securities directly to and maintains accounts for investors in its TreasuryDirect system.

[edit] External links

• Bureau of the Public Debt
• TreasuryDirect

v • d • e  Agencies under the United States Department of the Treasury
Alcohol and Tobacco Tax and Trade Bureau • Bureau of Engraving and Printing • Bureau of the Public Debt • Community Development Financial Institution Fund • Financial Crimes Enforcement Network • Financial Management Service • Treasury Inspector General for Tax Administration • Internal Revenue Service • Office of the Comptroller of the Currency • Office of Thrift Supervision • United States Mint