Bureau of the Fiscal Service

The Bureau of the Fiscal Service (Fiscal Service) is a bureau of the U.S. Department of the Treasury. The Fiscal Service replaced the Bureau of the Public Debt and the Financial Management Service effective October 7, 2012 by directive of Treasury Secretary Timothy Geithner.[1]

Bureau of the Fiscal Service
Agency overview
FormedOctober 7, 2012 (2012-10-07)
Preceding agencies
JurisdictionUnited States federal government
HeadquartersLiberty Loan Federal Building
Washington, D.C.
Agency executive
  • Timothy Gribben, Commissioner of the Fiscal Service
Parent departmentUnited States Department of the Treasury
Websitewww.fiscal.treasury.gov

The Bureau manages the government's accounting, central payment systems, and public debt.[2]

Among some of its better known duties is to collect any voluntary donations made to the government for reduction of the public debt. The amount of such reductions has hovered around two million dollars per year, and have been widely variable.[3] By comparison, the annual compounding interest on US government debt in the year 2022 has been projected to be about $305B, making it some 152500 times greater than the amount of voluntary donations to the treasury.

See also

References
  1. "Bureau of the Fiscal Service - About". Bureau of the Fiscal Service. 2018. Retrieved 30 November 2018.
  2. "Bureau of the Fiscal Service - Our Programs". Bureau of the Fiscal Service. 2013. Archived from the original on 29 November 2013. Retrieved 26 November 2013.
  3. "Government - Gift Contributions to Reduce Debt Held by the Public".
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