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Statue of President Lincoln at the Lincoln Memorial

Summary Debt Accounting


A Complete Accounting

The Summary Debt Accounting program is key to meeting our responsibility to account for the more than $17.4 trillion of public debt and more than $415 billion in related annual interest expenses.

This program provides the overarching control structure for dozens of subordinate securities systems and reconciles more than $124 trillion of securities transactions and related cash flows handled by these subsystems annually. These cash flows represent funds received from the sale of securities and funds disbursed as interest and principal payments.

The program produces daily reports on the balances and composition of the public debt, the Monthly Statement of the Public Debt, and the annual, audited Schedules of Federal Debt, which reports on the single largest liability in the annual Financial Report of the United States Government.

We have always been committed to maintaining excellent accounting controls to ensure the integrity of operations and the accuracy of information provided to the public.  The strength of our accounting controls is reflected in the unqualified audit opinions we have consistently received on our Schedules of Federal Debt.

Our strategies for the Summary Debt Accounting program are:

  • Provide timely and accurate data concerning the public debt of the United States.

  • Improve the clarity, usefulness, and availability of federal debt financial information.

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

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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