Our Programs
IMPORTANT

Several links on this page will direct you to the fms.treas.gov (the former Financial Management Service) or to the publicdebt.treas.gov (the former Bureau of the Public Debt) websites. This is a temporary solution as we build the Bureau of the Fiscal Service website.

Statue of President Lincoln at the Lincoln Memorial

Our Programs


The Fiscal Service serves you, and the federal government. We provide many services, including payments and collections, government-wide accounting, and debt financing to keep the government working smoothly. We also give you and your organization the information you need to make important investment decisions.

Our new technologies, and newly combined efforts, have improved the services you’ve come to expect from the Department of the Treasury. We’re transforming the financial operations of our federal client agencies, and providing more efficient investment information for our institutional, government, and individual investors.

Find out more about our programs below. Select the links to the left to get more detail on each program.

Quick Links to Our Programs

Treasury Securities Services
Government Agency Investment Services
Summary Debt Accounting
Shared Services
Do Not Pay Business Center
Payments
Revenue Collections
Government Wide Accounting
Debt Collection

Treasury Security Services

Our Treasury Security Services program is for both retail and wholesale customers.

Retail Security Services focuses on serving individual investors who want to buy Treasury securities. Our Wholesale Security Services office provides for the sale of Treasury securities to the institutional marketplace. This is accomplished through our securities auctions. Auctions ensure that the federal government’s financing needs are met, and that the integrity and efficiency of primary and secondary markets for Treasury securities are maintained.

Our objective is to provide accurate and timely securities information to individual investors, institutional investors, and government agencies.

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Government Agency Investment Services

Our Government Agency Investment Services (GAIS) offers specialized investments and borrowing programs for government entities and agencies at the federal, state, and local levels. Because these investments and borrowings are affected by a broad range of statutes and serve a diverse customer base, our challenge is to ensure that we meet both statutory requirements and our customer’s needs, while providing the most efficient operations possible.

We offer four distinct service areas:

  • Federal Investments—which includes the issuing, servicing, and redeeming of securities for federal agencies.
  • Special Purpose Securities—in which the Treasury serves as fiscal agent for securities that may be issued by other federal agencies.
  • State and Local Government Securities—a part of the Special Purpose Securities program that offers a flexible investment alternative for state and local governments to refinance their outstanding, tax-exempt debt.
  • Federal Borrowings—The Fiscal Service acts on Treasury's behalf to loan funds to federal agencies. These loans, in turn, often support education and housing programs, veterans, and small businesses.

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Summary Debt Accounting

The Summary Debt Accounting program is the key control and reporting structure for the federal debt. We produce daily, monthly and yearly annual reports on the balances and composition of the various elements of the public debt. Our annual "Schedules of Federal Debt" reports on the single largest liability in the annual Financial Report of the United States Government. These detailed reports improve the timeliness, accuracy, clarity, usefulness and availability of federal financial information.

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Shared Services through the ARC

The Administrative Resource Center (ARC) is our award-winning network hub of value-added "shared services" specifically designed for agencies within the federal government. Through the Administrative Resource Center, the Fiscal Service provides trusted, cost-effective, professional administrative and operational support to federal agencies.

From reimbursable IT services, to financial and investment accounting, procurement, and a full range of human resources services including travel and relocation assistance, we achieve high quality through reliable standardization and streamlined economies of scale. We currently serve more than 85 customer agencies, more than two-thirds of which are non-Treasury organizations.

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Do Not Pay Business Center

Reducing improper payments for the federal government and its taxpayers saves money and time. A Presidential memorandum called for the establishment of a single point of entry where paying agencies can access relevant data before determining the eligibility for a benefit, grant, or contract award. In response, we developed the Do Not Pay Business Center.

Our Do Not Pay Business Center provides state-of-the-art automated tools, including a web-based single-entry portal, to support federal agencies in their efforts to reduce the number of improper payments made through programs funded by the federal government. Federal agencies use the portal to gain access to data sources that help them determine whether an individual or entity is eligible to receive federal payments or engage in federal contracts or grants. The Do Not Pay Business Center offers easy access, with the option of continuous monitoring, to all the relevant databases needed to evaluate incoming and outgoing payments.

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Payments

We ensure efficiency, integrity, and quality in all payment-related functions. The Payment Management program of the Fiscal Service manages and operates federal payment systems, and disburses approximately 85% of all federal payments. Major client agencies include the Social Security Administration, the Department of Veterans Affairs, and the Internal Revenue Service. We've upgraded and improved our payment systems. We've implemented improved EFT payment systems using the Automated Clearing House (ACH) and Fedwire, as well as other state-of-the-art electronic payment, claims, scheduling, documentation and information systems and standardization processes.

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Revenue Collections

We administer the world's largest government funds collection system through a network of more than 10,000 financial institutions. When working with us, federal agencies, individuals, businesses, tax practitioners, and financial institutions have a wide variety of cutting-edge electronic collection alternatives. Our services are easy to use, convenient and secure. We make full use of current web technologies to simplify the collection process, and manage the depositary services provided to Treasury by financial institutions, as well as constantly monitor the cash position of the federal government.

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Government-wide Accounting

We have the critical responsibility of maintaining the federal government's accounts, and serving as the repository of information about the financial position of the United States government. We closely monitor the government's monetary assets and liabilities through its oversight of central accounting and reporting systems. Our goal is to more efficiently gather and quickly publish government-wide financial information, which is important for establishing better government fiscal and debt management policies. Plus, we provide financial data to the public and private sectors, with more transparency, for a more informed electorate.

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Debt Collection

We serve as the government's central debt collection agency, managing the government's delinquent debt portfolio. Our state-of-the-art centralized process successfully collects debts owed to the United States government (such as, federal student, mortgage, or small business loans, federal salary or benefit overpayments, fines or penalties assessed by federal agencies), as well as income tax debts owed to states and overdue child support payments owed to custodial parents.

We use the innovative Treasury Offset Program (TOP), matching the names and taxpayer IDs of payment recipients to those with overdue debts. Our "Cross-Servicing" program helps facilitate the collection of delinquent debts for other federal agencies. We collect debts in a variety of ways, including custom designed demand letters, the ability to arrange for repayment options, and the authority to withhold wages. We report to credit bureaus, refer debts to the Department of Justice for action, and use the services of private collection agencies.

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Our Websites

Financial Management Service

This legacy bureau provided central payment services to federal agencies, operated the collections and deposit systems, provided government-wide accounting and reporting services, and managed the collection of delinquent debt owed to the government.

Visit Financial Management Service

Bureau of the Public Debt

See what the roles and responsibilities of this legacy Bureau were – to borrow the money needed to operate the government and to account for the resulting debt.

Visit Bureau of the Public Debt

TreasuryDirect

TreasuryDirect is the first and only financial services website that lets you buy and redeem Treasury securities, including U.S. Savings Bonds, directly from the U.S. Department of the Treasury in paperless electronic form.

Visit TreasuryDirect

ARC

The Administrative Resource Center works with federal agencies to improve the agency's success by delivering responsive, customer-focused, cost-effective administrative support.

Visit ARC

Do Not Pay

The Do Not Pay Business Center was developed to support federal agencies in their efforts to reduce the number of improper payments.

Visit Do Not Pay

EFTPS

A free service offered by the Department of the Treasury to help business and individual taxpayers conveniently pay all their federal taxes electronically.

Visit EFTPS



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