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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.
Bureau of the Public Debt's Authentication and Directory Services Team also manages the Treasury PKI SSP program. In July, 2006, Treasury announced that its Shared Service Provider (SSP) Public Key Infrastructure (PKI) was certified under the General Services Administration (GSA)-managed FIPS 201 Evaluation Program. The FIPS 201 certification enables Treasury to provide PKI services for Federal agencies needing to comply with Homeland Security Presidential Directive 12 (HSPD-12), or the government smart card initiative.
One of Public Debt's several buildings in downtown
Parkersburg.
Due to Public Debt’s extensive background and involvement with the Federal community in PKI endeavors, as well as its deeply vested interest and experience in the technology, Treasury is well-suited as an SSP. Treasury’s involvement will be especially important in the years ahead, as more Government organizations identify the need for PKI services to enhance security and address mandates such as the Homeland Security Presidential Directive #12, which will require all Federal personnel to use a standard identity card with digital certificates issued in accordance with the Common Policy.
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