Bureau of the Public Debt

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Bureau of the Public Debt
Agency overview
Formed	June 30, 1940[1]
Preceding agency	Public Debt Service
Jurisdiction	Federal government of the United States
Headquarters	Washington, D.C.
Employees	1,987 (2006)
Agency executive	Van Zeck, Commissioner
Parent agency	Department of the Treasury
Website
www.publicdebt.treas.gov

The Bureau of the Public Debt is an agency of the United States Department of the Treasury. The Bureau's headquarters are located in Washington, DC, but most employees are located in Parkersburg, West Virginia.^{[citation needed]} This Treasury Bureau borrows money needed to operate the Federal Government, accounts for the resulting debt, and provides reimbursable services to other Federal agencies. Borrowing is done by selling US Treasury bills, notes, bonds and TIPS, as well as US Treasury savings bonds. The bureau pays interest to investors and redeems investors' securities. Borrowings total about $5 trillion each year through 220 or so marketable securities auctions and savings bond sales at over 40,000 locations throughout the U.S. The Bureau of the Public Debt sells securities directly to and maintains accounts for investors in its TreasuryDirect system.

The Bureau of the Public Debt also manages the Treasury Public Key Infrastructure. In July, 2006, Treasury announced that its Public Key Infrastructure (PKI) was certified by the Shared Service Provider Working Group, and was placed on the Certified PKI Shared Service Providers List.

One of Public Debt's several buildings in downtown Parkersburg.

[edit] External links

• Bureau of the Public Debt
• TreasuryDirect
• SSPWG Certified PKI Shared Service Providers List

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