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Bureau Of The Public Debt




The Bureau of the Public Debt is an agency of the United States Department Of The Treasury , located in Parkersburg, West Virginia , that borrows money needed to operate the Federal Government and accounts for the resulting debt. Borrowing is done by selling US Treasury Bills , Notes , Bonds and TIPS , as well as US Treasury Savings Bonds . The bureau pays interest to investors and redeems investors' securities. Borrowings total about $2 trillion each year through 140 or so auctions and sales at over 40,000 locations throughout the U.S.


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