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Duties & Functions
Bureau of the Public Debt
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The Bureau of the Public Debt borrows the money
needed to operate the Federal Government. It
accomplishes its mission of administering the public
debt by issuing and servicing U.S. Treasury
marketable, savings and special securities.
The modern Bureau evolved from the ,
becoming the in 1919 and was designated as a
Bureau in 1940. With the passage of the Government
Securities Act in 1986, the BPD assumed the
rulemaking authority for the conduct of the
Government Securities market. The Bureau of the
Public Debt's functions include:
- Borrowing the money necessary to operate the
Federal Government and accounting for the
resulting public debt;
- Receiving, storing, issuing, and redeeming
Government securities;
- Servicing registered accounts and paying
interest when due;
- Maintaining accounting and audit control over
public debt transactions and publishing
statements;
- Processing claims for securities that are
lost, stolen, or destroyed;
- Promoting the sale and retention of United
States Savings Bonds.
Last Updated:
December 21, 2005
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