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Bureau of the Fiscal Service

The mission of the Bureau of the Fiscal Service (Fiscal Service) is to promote the financial integrity and operational efficiency of the federal government through exceptional accounting, financing, collections, payments, and shared services. The Fiscal Service:

  • Operates the federal government's collections and deposit systems, overseeing daily cash flow of over $89 billion.
  • Borrows the money needed to operate the federal government through the sale of Treasury bills, notes, and bonds, and accounts for the resulting debt.
  • Provides central payment and collection services to federal program agencies.
  • Provides government-wide accounting and reporting services, and manages the collection of delinquent debt owed to the government.

Provides administrative, financial management, and information technology (IT) services to a wide range of federal government clients through its shared services provider, the Administrative Resource Center (ARC).The Bureau of the Fiscal Service was established on October 7, 2012, with the consolidation of two Treasury Department bureaus: the Bureau of the Public Debt (BPD) and the Financial Management Service (FMS). By combining these responsibilities, the Bureau of the Fiscal Service transforms the way the federal government manages its financial services. The Fiscal Service delivers inter-agency administrative services with more efficiency, transparency, and accountability than ever before.

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Last Reviewed: 2020-09-18