Security Liquidations
| Purpose: | The security liquidation process is the disposal or
liquidation of obligations, including bonds, notes or other securities acquired by the
Secretary of the Treasury for the United States Government or delivered to the Secretary
by an Executive Agency. It is the Secretary’s
responsibility to liquidate the securities. Through redelegation
authorities, this process is accomplished by the Bureau of the Public Debt, Office of Public Debt
Accounting, Financial Accounting Branch. Obligations are usually the result of debt collection efforts. |
| Address: | Securities must be mailed by registered mail or special messenger. See our address. |
| Proceeds: | After the sale, the Financial Accounting Branch will notify
the originating agency of the proceeds amount. All
proceeds will be credited to the agency’s Agency Location Code. Any security
dividends received, or additional shares of securities received as a result of a stock
split, will be liquidated and credited to the Agency Location Code. If the Financial Accounting Branch is unable to liquidate the security after a reasonable time, it will be returned along with an explanation to the originating agency. |
| Glossary: | Common terms used in the security liquidation program are contained in the glossary. |
| Questions: | Any inquiries concerning the security liquidation program can
be sent to this E-mail address. |