Bureau of Public Debt (BPD)
What it is:
How it works (Example):
The Bureau of Public Debt conducts and administers some 140 public auctions a year. It also administers the sale of through over 40,000 locations across the country.
The Bureau of Public Debt calculates and processes the interest and principal payments owed to bondholders. Further, the Bureau processes claims of stolen, lost, or destroyed securities and promotes the sale of (click here to learn about EE Bonds and other types of savings bonds).
The Bureau of Public Debt reports the size of the public debt every morning around 11:30 am EST. It relies on about 50 reporting agencies to come up with the tally.
Why it Matters:
The Bureau of Public Debt runs TreasuryDirect, the first and only financial services website that lets investors purchase and redeem securities (like U.S. government bonds) directly from the U.S. Treasury. Click here to learn Using TreasuryDirect to Buy U.S. Government Bonds.