U.S. Department of the Treasury

DATE: October 29, 2014

ADMINISTRATIVE EDIT: December 17, 2019

SUBJECT: Delegation of Authority to Administer the Investment Activity of Federal Investment Funds

1. PURPOSE. This Directive delegates to the Bureau of the Fiscal Service authority to approve withdrawals to invest in Government Account Series securities, issue these securities, and provide investment accounting services.
2. SCOPE. This Directive applies to the Department of the Treasury’s Bureau of the Fiscal Service.
3. DELEGATION. By virtue of the authority granted to the Fiscal Assistant Secretary by Treasury Order 101-05, the Commissioner, Bureau of the Fiscal Service, is delegated the authority to approve withdrawals from all Federal trust, deposit, revolving, and other special fund accounts (investment funds) authorized to invest in Government Account Series securities administered by the Bureau of the Fiscal Service; to issue these securities to Federal investment funds; and to provide investment accounting services to specific Government trust funds as required by statute or as deemed desirable by the Fiscal Assistant Secretary.
4. REDELEGATION. The Commissioner may redelegate this authority in writing to officials of the Bureau of the Fiscal Service and it may be exercised in the individual capacity and under the individual title of each official receiving such authority.
5. AUTHORITIES. Treasury Order 101-05, "Reporting Relationships and Supervision of Officials, Offices and Bureaus, Delegation of Certain Authority, and Order of Succession inthe Department of the Treasury," dated January 10, 2011.
6. CANCELLATION. Treasury Directive 16-22, "Withdrawals from Trust and Deposit Fund Accounts Delegation of Authority to Administer the Investment Activity of Federal Investment Funds," dated July 13, 2000, is superseded.
7. OFFICE OF PRIMARY INTEREST. Office of the Fiscal Assistant Secretary and the Bureau of the Fiscal Service.