Date: July 13, 2000

Sunset Review: July 13, 2004

SUBJECT: Withdrawals from Trust and Deposit Fund Accounts Delegation of Authority to Administer the Investments of Federal Trust and Deposit Funds

1. DELEGATION. By virtue of the authority granted to the Fiscal Assistant Secretary, the Commissioner, Bureau of the Public Debt is delegated the authority to approve schedules withdrawals from all trust and deposit fund accounts administered by the Bureau of the Public Debt issue Government Account Series securities to Federal trust and deposit funds, authorized to invest in these securities and to provide investment accounting services to certain trust funds as required by statute or as deemed desirable by Treasury.

2. REDELEGATION. The Commissioner of the Public Debt, may redelegate this authority in writing to officials of the Bureau of the Public Debt, and it may be exercised in the individual capacity and under the individual title of each official receiving such authority.

3. AUTHORITIES. TO 101-05, "Reporting Relationships and Supervision of Officials, Offices and Bureaus, Delegation of Certain Authority, and Order of Succession in the Department of the Treasury."

4. CANCELLATION. Treasury Directive 16-22, "Withdrawals from Trust and Deposit Fund Accounts," dated June 5, 1997, is superseded.

5. OFFICE OF PRIMARY INTEREST. Division of Accounting Operations Federal Investments, Office of Public Debt Accounting, Bureau of the Public Debt.

/S/

Donald V. Hammond

Fiscal Assistant Secretary