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Treasury Services
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Treasury Service Offerings
The Federal Reserve serves as a fiscal and depository agent for the United States Government. In this role, the Reserve Banks perform a variety of services for the U.S. Department of the Treasury, other Federal Agencies and government-sponsored enterprises.
Collateral Services
The Federal Reserve Banks administer collateral pledged by financial institutions as part of a variety of Treasury programs.
Savings Bonds for Financial Institutions
The Treasury Retail Securities site at the Federal Reserve Bank of Minneapolis assists financial institutions in the redemption and servicing of savings bonds.
Note: Paper savings bonds are no longer available for purchase over-the-counter at financial institutions . Consumers may purchase electronic savings bonds through the Treasury’s online system, TreasuryDirect® .
Payroll Savings through TreasuryDirect®
Employers of organizations nationwide can offer their employees the benefit of purchasing electronic (paperless) savings bonds and Treasury marketable securities through TreasuryDirect, a convenient and secure online system. After opening a TreasuryDirect account, employees can use payroll direct deposit to fund their purchase of electronic Treasury securities.
Treasury ACH Reclamation
Automated Clearing House (ACH) 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 federal government payments.
Treasury Auctions
The U.S. Department of the Treasury sells marketable securities (Bills, Notes, Bonds and Treasury Inflation-Protected Securities (TIPS) to the public through regular public auctions to raise the cash needed to operate the federal government and to refund maturing securities. Marketable securities can be bought, sold or transferred after they are originally issued. The Treasury Retail Securities Sites assist in the auction by accepting and processing tenders and issuing securities to the successful bidders, and by serving financial institutions.
Treasury Check Reclamation
Check Reclamation is a recovery procedure used by the U.S. Department of the Treasury, Financial Management Service (FMS), to obtain a refund (reclamation) from a presenting financial institution for paid federal government checks.
