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Chapter 31 of Title 31 of the US Code allows the Secretary of Treasury to borrow money by issuing Treasury securities. The Secretary determines the terms and conditions of issue, conversion, maturity, payment, and interest rate. New issues of Treasury notes mature in 2 to 10 years. Bonds mature in more than 10 years from the issue date. Each outstanding marketable security is listed in the "Monthly Statement of the Public Debt of the United States." On Dec 29, 2008, Treasury announced it would auction $35,000 million of 62-day bills. They were issued Jan 2, 2009 and matured March 5. The issue was part of the Supplementary Financing Program. On Jan 8, 2009, Treasury announced it would auction $22,000 million of 364-day Treasury bills. They were issued January 15 and will mature Jan 14, 2...
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Chapter 31 of Title 31 of the US Code allows the Secretary of Treasury to borrow money by issuing Treasury securities. The Secretary determines the terms and conditions of issue, conversion, maturity, payment, and interest rate. New issues of Treasury notes mature in 2 to 10 years. Bonds mature in more than 10 years from the issue date. Each outstanding marketable security is listed in the "Monthly Statement of the Public Debt of the US." To encourage the participation of individuals and smaller institutions, Treasury accepts noncompetitive tenders of up to $5 million for bills and $5 million for notes and bonds in each auction of securities. On Sep 10, 2007, Treasury announced it would auction $7,000 million of 4-day bills. They were issued September 13 and matured September 17. The is...
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When James M. Buchanan was awarded the 1986 Alfred Nobel Memorial Prize in Economic Sciences for his seminal contributions to public-choice theory, th...
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This notice announces the appointment of the members of the Public Debt Performance Review Board (PRB) for the Bureau of the Public Debt (BPD). The PRB reviews the performance appraisals of career senior executives who are below the level of Assistant Commissioner/Executive Director and who are not assigned to the Office of the Commissioner in BPD. The PRB makes recommendations regarding proposed performance appraisals, ratings, bonuses, pay adjustments, and other appropriate personnel actions.
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By DON HINMAN
Free markets depend upon debt. Both the Great Depression starting in 1929 and the Great Recession beginning in 2008 were precipitated by the collapse of private debt, not public debt. Public debt played key roles in dealing with both.
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The parent company of the Topeka Capital-Journal and 11 other daily newspapers, Morris Publishing Group LLC of Augusta, Ga., has called for the redemption of all its public debt about two years ahead of the due date.
Morris announced Thursday that it has elected to redeem all outstanding notes and has deposited funds with the trustee to pay off the notes Aug. 10.
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Chapter 31 of Title 31 of the US Code allows the Secretary of Treasury to borrow money by issuing Treasury securities. The Secretary determines the terms and conditions of issue, conversion, maturity, payment, and interest rate. New issues of Treasury notes mature in 2 to 10 years. Bonds mature in more than 10 years from the issue date. Each outstanding marketable security is listed in the "Monthly Statement of the Public Debt of the US." To encourage the participation of individuals and smaller institutions, Treasury accepts noncompetitive tenders of up to $5 million for bills and $5 million for notes and bonds in each auction of securities. On Feb 4, 2009, Treasury announced the reintroduction of the 7-year note. The first auction of this security took place on Feb 26, 2009.
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Chapter 31 of Title 31 of the US Code allows the Secretary of Treasury to borrow money by issuing Treasury securities. The Secretary determines the terms and conditions of issue, conversion, maturity, payment, and interest rate. New issues of Treasury notes mature in 2 to 10 years. Bonds mature in more than 10 years from the issue date. Each outstanding marketable security is listed in the "Monthly Statement of the Public Debt of the US." On Mar 30, 2009, Treasury announced it would auction $35,000 million of 56-day bills. They were issued April 2 and matured May 28. The issue was part of the Supplementary Financing Program. On Apr 6, 2009, Treasury announced it would auction $35,000 million of 3-year notes of Series X-2012. On Jun 4, 2009, Treasury announced it would auction $35,000 mi...
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Statistical data pertaining to US public debt is presented. Chapter 31 of Title 31 of the US Code allows the Secretary of Treasury to borrow money by issuing Treasury securities. The Secretary determines the terms and conditions of issue, conversion, maturity, payment and interest rate. New issues of Treasury notes mature in two to 10 years. Bonds mature in more than 10 years from the issue date. Each outstanding marketable security is listed in the "Monthly Statement of the Public Debt of the United States." The information presented pertains only to marketable Treasury securities.
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Statistical data pertaining to US public debt is presented. Chapter 31 of Title 31 of the US Code allows the Secretary of Treasury to borrow money by issuing Treasury securities. The Secretary determines the terms and conditions of issue, conversion, maturity, payment and interest rate. New issues of Treasury notes mature in two to 10 years. Bonds mature in more than 10 years from the issue date. Each outstanding marketable security is listed in the "Monthly Statement of the Public Debt of the United States." The information presented pertains only to marketable Treasury securities.