The Federal Reserve Banks administer collateral pledged by financial institutions as part of a variety of Treasury programs.
The Treasury Retail Securities site at the Federal Reserve Bank of Minneapolis assists financial institutions in the redemption and servicing of savings bonds.
Consumers may purchase electronic savings bonds through Treasury’s online system, TreasuryDirect® (Off-site).
Automated Clearing House (ACH) Reclamation is a recovery procedure used by Treasury’s Bureau of the Fiscal Service to obtain a refund (reclamation) from a presenting financial institution for federal government payments.
The Bureau of the Fiscal Service sells Treasury bills, notes, bonds, Treasury Inflation-Protected Securities (TIPS) and Floating Rate Notes (FRNs) at approximately 325 auctions each year to raise the cash needed to operate the federal government and refund maturing securities. The Federal Reserve Banks assist by accepting and processing tenders and issuing securities to successful bidders.
Check Reclamation is a recovery procedure used by the Bureau of the Fiscal Service to obtain a refund (reclamation) from a presenting financial institution for paid federal government checks.