Bureau of the Public Debt
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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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