TREASURY DIRECTIVE 73-01

DATE: November 16, 2021

SUBJECT: Personal Property Management

  1. PURPOSE.  This Directive establishes policy, procedures, and responsibilities governing the receipt, accountability, recordkeeping, management, and survey of Government-owned personal property. Treasury Directive Publication (TD P) 73-01 shall provide detailed procedures, reporting, and responsibilities for implementation of this policy.
  2. SCOPE.  This Directive applies to all bureaus, offices, and organizations in the Department of the Treasury, including the Offices of Inspector General within the Department. The provisions of this Directive shall not be construed to interfere with or impede the authorities or independence of the Department’s Inspectors General.
  3. POLICY.  It is the policy of the Department of the Treasury that all bureaus and offices establish personal property management programs and systems to carry out the regulations and reporting requirements issued by the General Services Administration (GSA) in 41 CFR Chapters 101 and 102. For Information Technology (IT) property, ensure compliance with Treasury Directive 81-01, Treasury Information Technology Programs.
  4. RESPONSIBILITIES.
    1. The Assistant Secretary for Management (ASM) has Department-wide responsibility for the oversight and monitoring of the personal property management program.
    2. The Heads of Bureaus/Inspectors General shall provide internal oversight for their organization’s property management activities and appoint a Bureau Personal Property Manager to develop and maintain procedures to ensure personal property accountability, disposition, and reporting requirements are met in compliance with applicable laws and regulations.
    3. The Deputy Assistant Secretary for Treasury Operations (DAS TO) shall provide program oversight, issue guidelines, and assign a Department Personal Property Manager to ensure reporting requirements are met and to monitor bureau compliance with applicable laws and regulations.
  5. GIFTS.  Treasury federal employees are required to submit a listing of any gifts from foreign governments or corporations, international or multinational organizations, and non-governmental organizations to Bureau Ethics Counsel and the Department’s Personal Property Manager.
  6. RESTRICTIONS ON FURNISHINGS AND DECORATIONS.  During the period in which the head of any Department or Bureau, or any other officer or civilian employee of the Federal Government appointed by the President of the United States holds office, no funds may be obligated or expended in excess of $5,000 to furnish or redecorate the office of such Department head, Bureau head, officer, or employee.
  7. AUTHORITIES/REFERENCES.
    1. Federal Personal Property Management Act of 2018, Public Law (P.L.)115-419
    2. “The Federal Property and Administrative Services Act of 1949,” 40 USC 482, et. seq
    3. Federal Management Regulations (FMR) Subchapter B – Personal Property 41 CFR 102
    4. Federal Property Management Regulations (FPMR), 41 CFR 101
    5. GSA Bulletin B-27, Annual Executive Agency Reports on Exchange/Sale Personal Property
    6. GSA Bulletin B-34 Disposal of Federal Electronic Assets
    7. 5 CFR Part 2635, “Standards of Ethical Conduct for Employees of the Executive Branch"
    8. Federal Acquisition Regulation, Part 45, Government Property
    9. Joint Financial Management Improvement Program (JFMIP), “Property Management Systems Requirements”
    10. 5 USC 7342 - Receipt and disposition of foreign gifts and decorations
    11. 40 USC Title 40 Public Buildings, Property and Works
    12. U.S. GAO report, February 2018, “Federal Personal Property: Opportunities Exist to Improve Identification of Unneeded Property for Disposal”
  8. CANCELLATION.  This Treasury Directive 73-01 supersedes Treasury Directive 73-01 dated September 28, 2001.
  9. OFFICE OF PRIMARY INTEREST.  Office of the Deputy Assistant Secretary for Treasury Operations.

 

/S/
Trevor Norris
Acting Assistant Secretary for Management