Bureau of the Fiscal Service in the context of "TreasuryDirect"

United States Treasury securities, also called Treasuries or Treasurys, are government debt instruments issued by the United States Department of the Treasury to finance government spending as a supplement to taxation. Since 2012, the U.S. government debt has been managed by the Bureau of the Fiscal Service, succeeding the Bureau of the Public Debt.

There are four types of marketable Treasury securities: Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation Protected Securities (TIPS). The government sells these securities in auctions conducted by the Federal Reserve Bank of New York, after which they can be traded in secondary markets. Non-marketable securities include savings bonds, issued to individuals; the State and Local Government Series (SLGS), purchaseable only with the proceeds of state and municipal bond sales; and the Government Account Series, purchased by units of the federal government.

The Bureau of the Public Debt was an agency within the Fiscal Service of the Department of the Treasury that managed the public debt of the United States. It was consolidated with the Financial Management Service to form the Bureau of the Fiscal Service in 2012.

Under authority derived from Article I, section 8 of the Constitution, the Bureau of Public Debt was responsible for borrowing the money needed to operate the federal government, and was where donations to reduce the debt were made. It also accounted for the resulting debt and more recently, provided administrative and IT services to federal agencies. Principal operations were conducted in Washington, D.C. and Parkersburg, West Virginia. It relied on Federal Reserve Banks, acting as Treasury's fiscal agents, to operate critical systems in support of the bureau's programs and to perform a variety of processing and customer service functions in marketable and savings securities.