bureau of the public debt
Public Debt’s mission is to borrow the money needed to operate the Federal Government and account for the resulting public debt. The Bureau 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 Register of the Treasury, became the Public Debt Service in 1919 and was part of the Fiscal Service in 1940. The Bureau of the Public Debt was delegated Treasury’s operational role under the Government Securities Act of 1986.
President Franklin D. Roosevelt buys the first Series E Savings Bond from
Secretary Henry Morgenthau on May 1, 1941. (Library of Congress)
Last Updated: March 12, 2007
|
