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TREASURY DIRECTIVE 16-37

DATE:  December 22, 2011
 
SUBJECT:    Designation of Financial Agents
 
 
1.    DELEGATION.  By virtue of the authority vested in the Fiscal Assistant Secretary by Treasury Order 101-05, I hereby delegate to the Commissioner, Bureau of the Public Debt, authority to designate and employ financial institutions as financial agents pursuant to 12 USC 90, 265, or 332.  The Commissioner, Bureau of the Public Debt, shall be responsible for referring to the Fiscal Assistant Secretary any matters on which action should be appropriately taken by the Fiscal Assistant Secretary.  This delegation of authority to the Commissioner, Bureau of the Public Debt, is complementary to, does not supersede, and shall not be construed to interfere with or impede the delegation of authority to the Commissioner, Financial Management Service, made by Treasury Directive 16-31.
 
2.    REDELEGATION.  The Commissioner, Bureau of the Public Debt, may redelegate this authority. This authority may be exercised in the individual capacity and under the individual title of each official receiving such authority.
 
3.    SCOPE.  This Directive applies to all bureaus, offices, and organizations in the Department of the Treasury, including the offices of Inspectors General within the Department.  The provisions of this Directive shall not be construed to interfere with or impede the authorities or independence of the Department’s Inspectors General.
 
4.    ROLES AND RESPONSIBILITIES.  For financial agent services provided under this authority, reimbursements are chargeable to the permanent, indefinite appropriation established in Section 218 of Title II of division F of Public Law 108-199, dated January 23, 2004.  The Commissioner, Bureau of the Public Debt is responsible for ensuring that all such reimbursements are properly chargeable and that all necessary documentation for disbursement is provided to the Commissioner, Financial Management Service.  The Commissioner, Financial Management Service, is responsible for obligating, disbursing and accounting for all charges for financial agent services in accordance with the certifications and documentation provided by the Commissioner, Bureau of Public Debt pursuant to this delegated authority.
 
5.    AUTHORITIES.
 
      a.    Treasury Order 101-05, “Reporting Relationships and Supervision of Officials, Offices and Bureaus, Delegation of Certain Authority, and Order of Succession in the Department of the Treasury,” dated January 10, 2011.
 
      b.    12 USC 90, 265, or 332.
 
6.    OFFICES OF PRIMARY INTEREST.  Office of the Fiscal Assistant Secretary; Commissioner, Bureau of the Public Debt; and the Commissioner, Financial Management Service.
 
 
 
                                    /S/
                                    Richard L. Gregg
                                    Fiscal Assistant Secretary
Last Updated: 1/3/2012 12:42 PM