Within the Office of Fiscal Service are: The Office of Fiscal Service's mission is to develop policy for and operate the financial infrastructure of the federal government, including payments, collections, cash management, financing, central accounting, and delinquent debt collection.
OFS provides policy oversight of the bureaus under it and develops policy on payments, collections, debt financing operations, electronic commerce, government wide accounting, government investment fund management, and other issues.
The office also performs two mission critical functions for the Department: it manages the daily cash position of the government and it produces the cash and debt forecasts used to determine the size and timing of the government's financing operations.
The Office represents the Secretary of the Treasury on the Federal Accounting Standards Advisory Board (FASAB), Joint Financial Management Improvement Program (JFMIP), and the Library of Congress and National Archives Trust Fund Boards, is a statutory member of the government wide Chief Financial Officers Council, and serves as liaison to the Federal Reserve System in its capacity as Treasury's fiscal agent.
The Office of Fiscal Operations and Policy, led by the Deputy Assistant Secretary for Fiscal Operations and Policy, oversees the development and implementation of policies relating to the government's cash management, operations, investment and administration of trust funds, payments, collections, and debt collections.