Security Liquidations:
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| Broker-Dealer | An entity that handles orders to sell securities, commodities or other property. The Financial Accounting Branch may liquidate securities through a broker-dealer who maintains a local custodial account to facilitate the deposit and transfer of funds. |
| Certified/Notarized | The seal of the agency or notary required to show accuracy of a signature or document. The seal may be impressed or attached, such as a gold seal plus ribbon. |
| Debt instrument | Commercial paper, bills, bonds, notes, and other instruments promising to repay money borrowed by the issuer of the debt security. |
| Equity instrument | A piece of paper that proves the ownership interest of common and preferred stock holders in a company. The ownership interest is represented by shares reflecting the assets and earnings. |
| Face value | The value listed on the security. In general, corporate bonds come in denominations of $1,000. Municipal bonds are in denominations of $5,000. |
| Federal Executive Agency | Term used to identify an agency, commission, or committee within the Executive Branch, typically established by statute, order or agreement. The Executive Branch administers the programs and policies of the Federal government. It has the power to design and execute the programs of the Federal government. The head of the Executive Branch is the President of the United States. Refer to the United States Government Manual for a complete list of agencies, commissions, and committees. |
| Irrevocable Stock or Bond Power | An instrument that affects the sale, assignment, and transfer of stock to a designated person and appoints a designated person's attorney to transfer the stock on the books of the corporation. Stock certificates usually contain a stock power in blank on their reverse side. The appended form is the assignment, separate from the certificate, that is approved by the New York Stock Exchange. |
| Levy | An IRS seizure and sale of property to collect a debt
owed to the United States Government. 26 U.S.C. � 6331(b). |
| Liquidation | The process of converting securities or other property into cash. |
| Market Price | The actual reported price at which the stock or bond is currently sold in the open market, or the current quote. |
| Mutual Fund | An investment company or trust that uses its capital to invest in other companies. It sells its own stock to investors and stands ready to buy back old shares. Open-end funds are so called because their capitalization is not fixed; they issue more shares as people want them. |
| Obligation | Bonds, notes, or other securities acquired by the Secretary of the Treasury of the United States Government or delivered by an executive agency. |
| Originating agency | The Executive Agency that is to receive the benefits of the security submitted to the Financial Accounting Branch for liquidation. |
| Securities and Exchange Commission (SEC) | The Federal Government agency with authority to administer federal securities laws. |
| Security | An obligation. A security is any bond, debenture, note, certificate or other evidence of indebtedness, issued by a corporation or a government or political subdivision thereof. |
| Tracer message | Additional information allowed on the Fedwire that is limited to 3 lines with 16 characters each used by an agency to recognize proceeds. |
| Securities must be mailed to one of the following addresses to be liquidated: | ||
| REGISTERED MAIL: | ||
| Bureau of the Public Debt | ||
| Office of Public Debt Accounting | ||
| Financial Accounting Branch Manager | ||
| Hintgen Building: Room 114 | ||
| P.O Box 1328 | ||
| Parkersburg, WV 26106-1328 | ||
| or | ||
| SPECIAL MESSENGER: | ||
| Bureau of the Public Debt | ||
| Office of Public Debt Accounting | ||
| Financial Accounting Branch Manager | ||
| Hintgen Building: Room 114 | ||
| 200 Third Street | ||
| Parkersburg, WV 26101-5312 | ||
| Securies lost in-transit are covered under the Government Losses in Shipment Act (GLISA) in 31 CFR 361 and 362. | ||
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