Security Liquidation & Proceeds
Security Liquidation is a process in which the Bureau of the Fiscal Service can convert securities (obligations) that have been received by Federal Executive Agencies into cash. The Department of the Treasury delegated this program to the Bureau of the Fiscal Service. Through this redelegation authority, the process is accomplished by the Fiscal Service in the Special Assets and Liabilities Division (SALD).
The securities include bonds, notes, or other securities acquired by the Secretary of the Treasury for the United States Government, and securities delivered to the Secretary by a Federal Executive Agency.
Securities may be liquidated for these reasons
- Internal Revenue Service (IRS) levy
- Bankruptcy, Settlement, or Other Litigation
- Donations to a Federal Executive Agency
Delivery, Payment, and Return
Contact the Bureau of the Fiscal Service to receive instructions on where to mail physical securities or wire electronic securities. If SALD is unable to liquidate the security after a reasonable amount of time, it will be returned along with an explanation to the Federal Executive Agency.