Timothy Geithner | Geithner Testimony March 26, 2009 | 
Treasury Direct

Treasury Direct Information

Treasury Direct was created by the U.S. Department of the Treasury Bureau of the Public Debt. The mission of Public Debt is to borrow the money needed to operate the federal government and to account for the resulting debt. They do this by offering you a variety of savings and investment products.

Treasury Direct is the first and only financial services website that lets you buy and redeem securities directly from the U.S. Department of the Treasury in paperless electronic form. You enjoy the flexibility of managing your savings porfolio online as your needs and financial circumstances change - all the time knowing your money is backed by the full faith of the U.S. government.

They offer product information and research across the entire line of Treasury Securities, from Series EE Savings Bonds to Treasury Notes. Their new Treasury Direct accounts offer Treasury Bills, Notes, Bonds, Inflation-Protected Securities (TIPS), and Series I and EE Savings Bonds in electronic form in one convenient account.

You can also purchase Treasury Bills, Notes, Bonds and Inflation-Protected Securities (TIPS) in Legacy Treasury Direct. Legacy Treasury Direct is a program in which investors buy Treasury bills, Treasury notes, and Treasury Inflation-Protected Securities (TIPS) directly from the U.S. Treasury, without a broker. Established in 1986, Legacy Treasury Direct allows customers to conduct transactions through the Web, over an automated phone system, or by mail. Legacy Treasury Direct doesn't offer the 4-week Treasury bill, 7-year Treasury note, 20-year TIPS, or 30-year Treasury bond.

If you're managing large investments for your clients, company, institution, or even government agency, Treasury Direct extends its services to you as well. Recognizing that your needs are diverse and unique, we've created dedicated sections for institutions and government agencies.

In your Treasury Direct account, you can purchase and hold Bills, Notes, Bonds, Treasury Inflation-Protected Securities (TIPS), and savings bonds and it's available to you 24 hours a day, 7 days a week.

Your Treasury Direct account is protected by a password of your choosing. The system allows you to conduct most of your transactions online, -- you can purchase, reinvest, sell securities, and perform account maintenance from your home or work computer. You can also view all your account information, including pending transactions. Treasury Direct offers you all of these features with no maintenance fees, no matter how much you have invested.

With Treasury Direct, there are no paper securities.


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