Treasury Services Offerings

The Federal Reserve Banks serve as fiscal and depository agents for the United States Government. In this role, the Reserve Banks perform a variety of services for the Treasury Department, other Federal Agencies and government-sponsored enterprises.

Savings Bonds For Financial Institutions

The Federal Reserve Banks, through their Treasury Retail Securities Sites, assist financial institutions in the issuing, redeeming and servicing of savings bonds.

Payroll Savings Bonds

The Payroll Savings Program is offered to employers of organizations nationwide and allows employees to purchase paper savings bonds through payroll deduction and electronic securities through TreasuryDirect.

Treasury Auctions

The Bureau of the Public Debt sells Treasury bills, notes and Treasury Inflation-Protected Securities (TIPS) at approximately 200 auctions each year to raise the cash needed to operate the Federal government and to refund maturing securities. The Federal Reserve Banks assist by accepting and processing tenders and issuing securities to the successful bidders.

Collateral Services

The Federal Reserve Banks administer collateral pledged by financial institutions as part of a variety of Treasury programs.

Treasury Tax and Loan Service

The Treasury Tax and Loan (TT&L) Service enables a financial institution to collect federal tax payments from its customers and retain these funds at a competitive rate of interest.

Treasury Check Reclamation

Check Reclamation is a recovery procedure used by The Department of the Treasury, Financial Management Service (FMS), to obtain a refund (reclamation) from a presenting financial institution for paid Federal Government checks.