Treasury Quarterly Refunding Process | U.S. Department of the Treasury

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Reports</a></p> <p><a href="/about/budget-financial-reporting-planning-and-performance/climate-action-plan">Climate Action Plan</a></p> <p><a href="/about/budget-financial-reporting-planning-and-performance/irs-strategic-operating-plan">IRS Strategic Operating Plan</a></p> </div> </div> </div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <div data-block-plugin-id="block_content:d3de5c5c-98cb-46d1-8d23-a582bae1298c" class="block block-block-content block-block-contentd3de5c5c-98cb-46d1-8d23-a582bae1298c no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/about/history">History</a></h2> <p><a href="/about/history/curator">Curator</a></p> <p><a href="/about/history/history-overview">History Overview</a></p> <p><a href="/about/history/prior-secretaries">Prior Secretaries</a></p> <p><a href="/about/history/treasurers-of-the-united-states">Prior Treasurers</a></p> <p><a href="/about/history/the-treasury-building">The Treasury Building</a></p> <p><a href="/about/history/collection">Collections</a></p> <p><a href="/about/history/freedmans-bank-building">Freedman's Bank Building</a></p> </div> </div> </div> </div> <div class="sub-nav-group secretary-column" id="column-6"> <div class="block-region-col6"> <div data-block-plugin-id="block_content:d6469877-15d1-4dd2-9da1-c4a8c29fde97" class="block block-block-content block-block-contentd6469877-15d1-4dd2-9da1-c4a8c29fde97 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/about/careers-at-treasury">Careers</a></h2><p><a href="/about/careers-at-treasury/careers-at-headquarters">At Headquarters</a></p><p><a href="/about/careers-at-treasury/careers-at-our-bureaus">At Our Bureaus </a></p><p><a href="/about/careers-at-treasury/top-ten-reasons-to-work-for-treasury">Top 10 Reasons to Work Here</a></p><p><a href="/about/careers-at-treasury/benefits-and-growth">Benefits and Growth</a></p><p><a href="/about/careers-at-treasury/diversity">Diversity </a></p><p><a href="/about/careers-at-treasury/veterans-employment">Veterans Employment</a></p><p><a href="/about/careers-at-treasury/pathways-programs">Pathways</a></p><p><a href="/about/careers-at-treasury/how-to-apply">How to Apply</a></p><p><a href="https://treasury.usajobs.gov/">Search Jobs</a></p><p><a href="/about/careers-at-treasury/the-fair-chance-to-compete-act">The Fair Chance to Compete Act</a></p></div> </div> </div> </div> </div> </div> </article> </div> </li> <li class="nav-item menu-item--active-trail"> <a href="/policy-issues" class="mm-top" onclick="return false;">Policy Issues</a> <div class="sub-nav"> <article class="node node--type-mega_menu_panel node--view-mode-full clearfix"> <div> <div class="treas-search-menu grid-container" id="megamenu-search"> <div class="grid-row"> <div class="grid-col"> <div class="treas-search-menu__component"> <div class="search-block searchgov_block_wrapper"> <div class="region region-search-menu"> <div id="block-hamilton-searchgovblock" data-block-plugin-id="searchgov_block" class="block block-searchgov-drupal block-searchgov-block no-underline"> <form id="search_form" action="https://search.usa.gov/search" accept-charset="UTF-8" method="get"><input name="utf8" type="hidden" value="✓" /> <input type="hidden" name="affiliate" id="affiliate" value="treas" /> <label for="query">Enter Search Term(s):</label> <input type="text" name="query" id="query" autocomplete="off" placeholder="Enter keywords" class="usagov-search-autocomplete" /> <div class="adv-search-link"><a href="https://search.usa.gov/search/advanced?affiliate=treas" class="hidden">Advanced Search</a></div> <input type="submit" name="commit" value="GO" class="search-form__submit" data-disable-with="Search" /> </form> </div> </div> </div> </div> </div> </div> </div> <div class="mobile-sub-nav"> <div class="block-region-col1"> <div data-block-plugin-id="entity_field:node:title" class="block block-ctools-block block-entity-fieldnodetitle no-underline"> <span class="field field--name-title field--type-string field--label-above">Policy Issues</span> </div> </div> </div> <div class="mobile-scroll-wrap"> <div class="sub-nav-group secretarys-photo secretary-column" id="column-2"> <div class="block-region-col2"> <div data-block-plugin-id="block_content:d04f9ad6-8502-4a94-abb5-ba63eb109bec" class="block block-block-content block-block-contentd04f9ad6-8502-4a94-abb5-ba63eb109bec no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2 style="padding-bottom:14px;"><a href="https://home.treasury.gov/policy-issues/inflation-reduction-act">Inflation Reduction Act</a></h2></div> </div> <div data-block-plugin-id="block_content:87238aca-8139-42ee-bd6e-b2fe3ab84737" class="block block-block-content block-block-content87238aca-8139-42ee-bd6e-b2fe3ab84737 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://home.treasury.gov/policy-issues/coronavirus">COVID19 Economic Relief</a></h2> <p><a href="https://home.treasury.gov/policy-issues/coronavirus/assistance-for-American-families-and-workers">American Families and Workers</a></p> <p><a href="https://home.treasury.gov/policy-issues/coronavirus/assistance-for-small-businesses">Small Businesses</a></p> <p><a href="https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments">State, Local, and Tribal Governments</a></p> <p><a href="https://home.treasury.gov/policy-issues/coronavirus/assistance-for-american-industry">American Industry</a></p> </div> </div> <div data-block-plugin-id="block_content:a85db02e-9805-4e62-919b-1d3fc20955bd" class="block block-block-content block-block-contenta85db02e-9805-4e62-919b-1d3fc20955bd no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/tax-policy">Tax Policy</a></h2> <p><a href="/policy-issues/tax-policy/revenue-proposals">Revenue Proposals</a></p> <p><a href="/policy-issues/tax-policy/tax-expenditures">Tax Expenditures</a></p> <p><a href="/policy-issues/tax-policy/international-tax">International Tax</a></p> <p><a href="/policy-issues/tax-policy/treaties">Treaties and Related Documents</a></p> <p><a href="/policy-issues/tax-policy/foreign-account-tax-compliance-act">Foreign Account Tax Compliance Act (FATCA) </a></p> <p><a href="/policy-issues/tax-policy/office-of-tax-policy-reports">Reports</a></p> <p><a href="/policy-issues/tax-policy/office-of-tax-analysis">Tax Analysis</a></p> <p><a href="/policy-issues/tax-policy/tax-regulatory-process">Tax Regulatory Process</a></p> </div> </div> <div data-block-plugin-id="block_content:b27482cc-fe38-4184-bee3-7e852d3f332c" class="block block-block-content block-block-contentb27482cc-fe38-4184-bee3-7e852d3f332c no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/climate-change">Climate Change</a></h2></div> </div> </div> </div> <div class="secretarys-bio sub-nav-group secretary-column" id="column-3"> <div class="block-region-col3"> <div data-block-plugin-id="block_content:45a7d3ca-8604-4462-bf30-0677d48e49c4" class="block block-block-content block-block-content45a7d3ca-8604-4462-bf30-0677d48e49c4 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/economic-policy">Economic Policy</a></h2> <p><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curves/treasury-coupon-issues">Treasury Coupon Issues</a></p> <p><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curve/corporate-bond-yield-curve">Corporate Bond Yield Curve</a></p> <p><a href="/policy-issues/economic-policy/economic-policy-reports">Economic Policy Reports</a></p> <p><a href="/policy-issues/economic-policy/social-security-and-medicare-trustee-reports">Social Security and Medicare</a></p> <p><a href="/policy-issues/economic-policy/total-taxable-resources">Total Taxable Resources</a></p> </div> </div> <div data-block-plugin-id="block_content:504b3551-baa1-4c2a-9f14-21016fc2bc43" class="block block-block-content block-block-content504b3551-baa1-4c2a-9f14-21016fc2bc43 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/terrorism-and-illicit-finance">Terrorism and Illicit Finance</a></h2> <p><a href="https://ofac.treasury.gov/">Sanctions</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/treasury-executive-office-for-asset-forfeiture-teoaf">Asset Forfeiture</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/domestic-violent-extremism">Domestic Violent Extremism</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/311-actions">311 Actions</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/terrorist-finance-tracking-program-tftp">Terrorist Finance Tracking Program</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/money-laundering">Money Laundering</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/financial-action-task-force">Financial Action Task Force</a></p> <p><a href="/about/offices/terrorism-and-financial-intelligence/protecting-charitable-organizations">Protecting Charitable Organizations</a></p> </div> </div> </div> </div> <div class="sub-nav-group secretary-remarks secretary-column" id="column-4"> <div class="block-region-col4"> <div data-block-plugin-id="block_content:edc8b9ed-47da-4ab8-80bd-3fb2302d29a9" class="block block-block-content block-block-contentedc8b9ed-47da-4ab8-80bd-3fb2302d29a9 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/financing-the-government">Financing the Government </a></h2> <p><a href="/policy-issues/financing-the-government/quarterly-refunding">Treasury Quarterly Refunding</a></p> <p><a href="/policy-issues/financing-the-government/interest-rate-statistics">Interest Rate Statistics</a></p> <p><a href="/policy-issues/financing-the-government/treasury-marketable-and-non-marketable-securities">Treasury Securities</a></p> <p><a href="/policy-issues/financing-the-government/treasury-investor-data">Treasury Investor Data</a></p> <p><a href="/policy-issues/financing-the-government/debt-management-research">Debt Management Research</a></p> </div> </div> <div data-block-plugin-id="block_content:8b280840-59f6-4a11-b57d-2a1973bb0316" class="block block-block-content block-block-content8b280840-59f6-4a11-b57d-2a1973bb0316 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service">Financial Markets, Financial Institutions, and Fiscal Service</a></h2> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/cash-and-debt-forecasting">Cash and Debt Forecasting</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit">Debt Limit</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/fsoc">Financial Stability Oversight Council</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office">Federal Insurance Office</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/restore-act">RESTORE Act</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/1603-program-payments-for">1603 Program</a></p> <p><a href="https://www.cdfifund.gov/">The Community Development Financial Institution (CDFI) Fund</a></p> <p><a href="https://www.makinghomeaffordable.gov/">Making Home Affordable</a></p> </div> </div> </div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <div data-block-plugin-id="block_content:e779a09f-978f-4675-8c82-4d49327126bb" class="block block-block-content block-block-contente779a09f-978f-4675-8c82-4d49327126bb no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://ofac.treasury.gov/">Financial Sanctions</a></h2> <p><a href="https://ofac.treasury.gov/specially-designated-nationals-and-blocked-persons-list-sdn-human-readable-lists">Specially Designated Nationals List (SDN List)</a></p> <p><a href="https://ofac.treasury.gov/consolidated-sanctions-list-non-sdn-lists">Consolidated Sanctions List</a></p> <p><a href="https://ofac.treasury.gov/sanctions-list-search-tool">Search OFAC's Sanctions Lists</a></p> <p><a href="https://ofac.treasury.gov/other-ofac-sanctions-lists">Additional Sanctions Lists</a></p> <p><a href="https://ofac.treasury.gov/recent-actions">OFAC Recent Actions</a></p> <p><a href="https://ofac.treasury.gov/sanctions-programs-and-country-information">Sanctions Programs and Country Information</a></p> <p><a href="https://ofac.treasury.gov/faqs">Frequently Asked Questions</a></p> <p><a href="https://ofac.treasury.gov/civil-penalties-and-enforcement-information">OFAC Civil Penalties and Enforcement</a></p> <p><a href="https://ofac.treasury.gov/contact-ofac">Contact OFAC</a></p> </div> </div> <div data-block-plugin-id="block_content:2ca3d625-6c59-4e8d-af94-c1e12a9a5e41" class="block block-block-content block-block-content2ca3d625-6c59-4e8d-af94-c1e12a9a5e41 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/consumer-policy">Consumer Policy</a></h2> <p><a href="/policy-issues/consumer-policy/financial-literacy-and-education-commission">Financial Literacy and Education Commission</a></p> <p><a href="https://www.mymoney.gov/">Mymoney.gov</a></p> <p><a href="/policy-issues/consumer-policy/innovations-in-financial-services">Innovations in Financial Services</a></p> <p><a href="/policy-issues/consumer-policy/featured-research">Featured Research</a></p> </div> </div> </div> </div> <div class="sub-nav-group secretary-column" id="column-6"> <div class="block-region-col6"> <div data-block-plugin-id="block_content:db30dc82-8265-4b2b-a85f-2d67961ebe49" class="block block-block-content block-block-contentdb30dc82-8265-4b2b-a85f-2d67961ebe49 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/international">International</a></h2><p><a href="/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius">The Committee on Foreign Investment in the United States (CFIUS)</a></p><p><a href=" /policy-issues/international/outbound-investment-program">Outbound Investment Security Program </a></p><p><a href="/policy-issues/international/exchange-stabilization-fund">Exchange Stabilization Fund</a></p><p><a href="/policy-issues/international/g-7-and-g-20">G-7 and G-20</a></p><p><a href="/policy-issues/international/international-monetary-fund">International Monetary Fund</a></p><p><a href="/policy-issues/international/multilateral-development-banks">Multilateral Development Banks</a></p><p><a href="/policy-issues/international/macroeconomic-and-foreign-exchange-policies-of-major-trading-partners">Macroeconomic and Foreign Exchange Policies of Major Trading Partners</a></p><p><a href="/policy-issues/international/exchange-rate-analysis">Exchange Rate Analysis</a></p><p><a href="/policy-issues/international/us-china-comprehensive-economic-dialogue">U.S.-China Comprehensive Strategic Economic Dialogue (CED)</a></p></div> </div> <div data-block-plugin-id="block_content:ee06edda-a3f6-4eb7-9711-46c815e911a9" class="block block-block-content block-block-contentee06edda-a3f6-4eb7-9711-46c815e911a9 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/small-business-programs">Small Business Programs</a></h2> <p><a href="/policy-issues/small-business-programs/small-and-disadvantaged-business-utilization-0">Small and Disadvantaged Business Utilization</a></p> <p><a href="/policy-issues/small-business-programs/small-business-lending-fund">Small Business Lending Fund</a></p> <p><a href="/policy-issues/small-business-programs/state-small-business-credit-initiative-ssbci">State Small Business Credit Initiative</a></p> </div> </div> <div data-block-plugin-id="block_content:67ed2f97-7a9f-4b86-9df7-e63b30af96ae" class="block block-block-content block-block-content67ed2f97-7a9f-4b86-9df7-e63b30af96ae no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/tribal-affairs">Tribal Affairs</a></h2> </div> </div> </div> </div> </div> </div> </article> </div> </li> <li class="nav-item "> <a href="/data" class="mm-top" onclick="return false;">Data</a> <div class="sub-nav"> <article class="node node--type-mega_menu_panel node--view-mode-full clearfix"> <div> <div class="treas-search-menu grid-container" id="megamenu-search"> <div class="grid-row"> <div class="grid-col"> <div class="treas-search-menu__component"> <div class="search-block searchgov_block_wrapper"> <div class="region region-search-menu"> <div id="block-hamilton-searchgovblock" data-block-plugin-id="searchgov_block" class="block block-searchgov-drupal block-searchgov-block no-underline"> <form id="search_form" action="https://search.usa.gov/search" accept-charset="UTF-8" method="get"><input name="utf8" type="hidden" value="✓" /> <input type="hidden" name="affiliate" id="affiliate" value="treas" /> <label for="query">Enter Search Term(s):</label> <input type="text" name="query" id="query" autocomplete="off" placeholder="Enter keywords" class="usagov-search-autocomplete" /> <div class="adv-search-link"><a href="https://search.usa.gov/search/advanced?affiliate=treas" class="hidden">Advanced Search</a></div> <input type="submit" name="commit" value="GO" class="search-form__submit" data-disable-with="Search" /> </form> </div> </div> </div> </div> </div> </div> </div> <div class="mobile-sub-nav"> <div class="block-region-col1"> <div data-block-plugin-id="entity_field:node:title" class="block block-ctools-block block-entity-fieldnodetitle no-underline"> <span class="field field--name-title field--type-string field--label-above">Data</span> </div> </div> </div> <div class="mobile-scroll-wrap"> <div class="sub-nav-group secretarys-photo secretary-column" id="column-2"> <div class="block-region-col2"> <div data-block-plugin-id="block_content:9258b68a-9e90-42b1-b7c5-9049081662a0" class="block block-block-content block-block-content9258b68a-9e90-42b1-b7c5-9049081662a0 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/financing-the-government/interest-rate-statistics">Interest Rates</a></h2><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2024">Daily Treasury Par Yield Curve Rates</a></p><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_real_yield_curve&field_tdr_date_value=2024">Daily Treasury Par Real Yield Curve Rates</a></p><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates&field_tdr_date_value=2024">Daily Treasury Bill Rates</a></p><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_long_term_rate&field_tdr_date_value=2024">Daily Treasury Long-Term Rates</a></p><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_real_long_term&field_tdr_date_value=2024">Daily Treasury Real Long-Term Rates</a></p><p> </p></div> </div> <div data-block-plugin-id="block_content:edd753f5-38d8-4209-a98c-27488d0d2fb1" class="block block-block-content block-block-contentedd753f5-38d8-4209-a98c-27488d0d2fb1 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curves">Treasury Coupon-Issue and Corporate Bond Yield Curve</a></h2> <p><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curves/treasury-coupon-issues">Treasury Coupon Issues</a></p> <p><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curve/corporate-bond-yield-curve">Corporate Bond Yield Curve</a></p> </div> </div> </div> </div> <div class="secretarys-bio sub-nav-group secretary-column" id="column-3"> <div class="block-region-col3"> <div data-block-plugin-id="block_content:3e280843-aad7-4e99-a3ad-4aa1d8d38a45" class="block block-block-content block-block-content3e280843-aad7-4e99-a3ad-4aa1d8d38a45 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2>Federal Financial Data</h2> <p><a href="https://fiscaldata.treasury.gov/americas-finance-guide/ ">Your Guide to America’s Finances</a></p> <p><a href="https://fiscaldata.treasury.gov/datasets/monthly-treasury-statement/summary-of-receipts-outlays-and-the-deficit-surplus-of-the-u-s-government">Monthly Treasury Statement</a></p> <p><a href="https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/operating-cash-balance">Daily Treasury Statement</a></p> </div> </div> <div data-block-plugin-id="block_content:40da813f-5ffa-4ef2-9e52-6767d2e42042" class="block block-block-content block-block-content40da813f-5ffa-4ef2-9e52-6767d2e42042 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://usaspending.gov">How Your Money Is Spent</a></h2> <p><a href="https://www.usaspending.gov/">USAspending.gov</a></p> </div> </div> <div data-block-plugin-id="block_content:1fa5995a-90da-46f6-98f6-f892b7e83b25" class="block block-block-content block-block-content1fa5995a-90da-46f6-98f6-f892b7e83b25 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://www.treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm">National Debt</a></h2> <p><a href="https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny">National Debt to the Penny</a></p> <p><a href="https://fiscaldata.treasury.gov/datasets/historical-debt-outstanding/historical-debt-outstanding">Historical Debt Outstanding</a></p> <p><a href="https://fiscaldata.treasury.gov/datasets/monthly-statement-public-debt/summary-of-treasury-securities-outstanding">Monthly Statement of the Public Debt </a></p> </div> </div> <div data-block-plugin-id="block_content:5f1697f3-3b2e-4ac3-9b73-2c49fa9926d0" class="block block-block-content block-block-content5f1697f3-3b2e-4ac3-9b73-2c49fa9926d0 no-underline"> </div> </div> </div> <div class="sub-nav-group secretary-remarks secretary-column" id="column-4"> <div class="block-region-col4"> <div data-block-plugin-id="block_content:65eef870-0ea4-4f5d-995e-a15fa42d00bc" class="block block-block-content block-block-content65eef870-0ea4-4f5d-995e-a15fa42d00bc no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/financing-the-government/quarterly-refunding">Quarterly Refunding</a></h2> <p><a href="/policy-issues/financing-the-government/quarterly-refunding/treasury-quarterly-refunding-process">Debt Management Overview and Quarterly Refunding Process</a></p> <p><a href="/policy-issues/financing-the-government/quarterly-refunding/most-recent-quarterly-refunding-documents">Most Recent Documents</a></p> <p><a href="/policy-issues/financing-the-government/quarterly-refunding/quarterly-refunding-archives">Archives</a></p> <p><a href="/policy-issues/financing-the-government/quarterly-refunding/treasury-quarterly-refunding-webcasts">Webcasts</a></p> </div> </div> <div data-block-plugin-id="block_content:b3900a1b-1a1f-4663-8abc-c1c74528e6bc" class="block block-block-content block-block-contentb3900a1b-1a1f-4663-8abc-c1c74528e6bc no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/investor-class-auction-allotments">Investor Class Auction Allotments</a></h2> <p> </p> <h2><a href="/data/other-programs">Other Programs</a></h2> </div> </div> </div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <div data-block-plugin-id="block_content:2a347020-8bd3-4994-88ba-c085eb54364b" class="block block-block-content block-block-content2a347020-8bd3-4994-88ba-c085eb54364b no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/treasury-international-capital-tic-system">Treasury International Capital (TIC) System</a></h2><p><a href="/data/treasury-international-capital-tic-system">U.S International Portfolio Investment Statistics</a></p><p><a href="/data/treasury-international-capital-tic-system-home-page/release-dates-of-tic-data-0">Release Dates</a></p><p><a href="/data/treasury-international-capital-tic-system-home-page/tic-forms-instructions">Forms and Instructions</a></p><p><a href="/data/tic-press-releases-by-topic">TIC Press Releases</a></p></div> </div> <div data-block-plugin-id="block_content:b79c5b27-c09f-4372-9f3a-15b7b804a842" class="block block-block-content block-block-contentb79c5b27-c09f-4372-9f3a-15b7b804a842 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/us-international-reserve-position">U.S. International Reserve Position</a></h2> </div> </div> </div> </div> <div class="sub-nav-group secretary-column" id="column-6"> <div class="block-region-col6"> <div data-block-plugin-id="block_content:7b74c93b-9cc7-4791-a582-c36e910c5d41" class="block block-block-content block-block-content7b74c93b-9cc7-4791-a582-c36e910c5d41 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/troubled-assets-relief-program">Troubled Assets Relief Program</a></h2> <p><a href="/data/troubled-assets-relief-program/reports">Reports</a></p> </div> </div> </div> </div> </div> </div> </article> </div> </li> <li class="nav-item "> <a href="/services" class="mm-top" onclick="return false;">Services</a> <div class="sub-nav"> <article class="node node--type-mega_menu_panel node--view-mode-full clearfix"> <div> <div class="treas-search-menu grid-container" id="megamenu-search"> <div class="grid-row"> <div class="grid-col"> <div class="treas-search-menu__component"> <div class="search-block searchgov_block_wrapper"> <div class="region region-search-menu"> <div id="block-hamilton-searchgovblock" data-block-plugin-id="searchgov_block" class="block block-searchgov-drupal block-searchgov-block no-underline"> <form id="search_form" action="https://search.usa.gov/search" accept-charset="UTF-8" method="get"><input name="utf8" type="hidden" value="✓" /> <input type="hidden" name="affiliate" id="affiliate" value="treas" /> <label for="query">Enter Search Term(s):</label> <input type="text" name="query" id="query" autocomplete="off" placeholder="Enter keywords" class="usagov-search-autocomplete" /> <div class="adv-search-link"><a href="https://search.usa.gov/search/advanced?affiliate=treas" class="hidden">Advanced Search</a></div> <input type="submit" name="commit" value="GO" class="search-form__submit" data-disable-with="Search" /> </form> </div> </div> </div> </div> </div> </div> </div> <div class="mobile-sub-nav"> <div class="block-region-col1"> <div data-block-plugin-id="entity_field:node:title" class="block block-ctools-block block-entity-fieldnodetitle no-underline"> <span class="field field--name-title field--type-string field--label-above">Services</span> </div> </div> </div> <div class="mobile-scroll-wrap"> <div class="sub-nav-group secretarys-photo secretary-column" id="column-2"> <div class="block-region-col2"> <div data-block-plugin-id="block_content:cd22a6d8-a500-49bb-a312-73c7d2985388" class="block block-block-content block-block-contentcd22a6d8-a500-49bb-a312-73c7d2985388 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/report-fraud-waste-and-abuse">Report Fraud, Waste & Abuse</a></h2> <p><a href="/services/report-fraud-waste-and-abuse/covid-19-scams">Report COVID-19 Scam Attempts</a></p> <p><a href="/services/report-fraud-waste-and-abuse/report-scam-attempts">Report Scam Attempts</a></p> <p><a href="/services/report-fraud-waste-and-abuse/report-fraud-or-misconduct-related-to-government-contracts-or">Report Fraud Related to Government Contracts</a></p> <p><a href="/services/report-fraud-waste-and-abuse/inspectors-general">Inspectors General</a></p> </div> </div> <div data-block-plugin-id="block_content:5c206fe4-3cd6-4a7f-b337-75d6f0042fbc" class="block block-block-content block-block-content5c206fe4-3cd6-4a7f-b337-75d6f0042fbc no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/bonds-and-securities">Bonds and Securities</a></h2> <p><a href="https://www.treasurydirect.gov/tdhome.htm">Buy, Manage, and Redeem</a></p> <p><a href="https://treasuryhunt.gov/">Treasury Hunt - Search for Matured Bonds</a></p> <p><a href="https://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeredeem_disaster.htm">Cashing Savings Bonds in Disaster-Declared Areas</a></p> <p><a href="https://www.treasurydirect.gov/faq.htm">Frequently Asked Questions</a></p> </div> </div> <div data-block-plugin-id="block_content:1337c6e2-5df1-4e57-9bb8-7d76ca39c94c" class="block block-block-content block-block-content1337c6e2-5df1-4e57-9bb8-7d76ca39c94c no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/grant-programs">Grant Programs</a></h2> <p><a href="/services/social-impact-partnerships/sippra-pay-for-results">Pay for Results (SIPPRA)</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/restore-act">RESTORE Act</a></p> <p><a href="https://www.cdfifund.gov/Pages/default.aspx">Community Development Financial Institution (CDFI) Fund</a></p> </div> </div> </div> </div> <div class="secretarys-bio sub-nav-group secretary-column" id="column-3"> <div class="block-region-col3"> <div data-block-plugin-id="block_content:697d3b79-4238-4159-8111-a4b033f11319" class="block block-block-content block-block-content697d3b79-4238-4159-8111-a4b033f11319 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/treasury-payments">Treasury Payments</a></h2><p><a href="https://www.irs.gov/refunds">Where is my Refund?</a></p><p><a href="https://fiscal.treasury.gov/pirs/i-want-to.html">Lost or Expired Check</a></p><p><a href="https://www.fiscal.treasury.gov/fsservices/indiv/pmt/dirExpss/dirExpss_home.htm">Direct Express Card</a></p><p><a href="https://www.fiscal.treasury.gov/fsservices/gov/pmt/eft/eft_home.htm">Non-Benefit Federal Payments</a></p><p><a href="https://fiscal.treasury.gov/GoDirect/">Electronic Federal Benefit Payments - GoDirect</a></p></div> </div> <div data-block-plugin-id="block_content:a42a1c43-137d-4599-8c4e-4d6f6030ed6b" class="block block-block-content block-block-contenta42a1c43-137d-4599-8c4e-4d6f6030ed6b no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://home.treasury.gov/services/currency-and-coins">Currency and Coins</a></h2> <p><a href="https://www.usmint.gov/">Shop for Coin Products</a></p> <p><a href="https://www.bep.gov/services">Shop for Currency Products </a></p> <p><a href="https://www.bep.gov/services/mutilated-currency-redemption">Redeem Damaged Currency</a></p> <p><a href="https://www.bep.gov/">Bureau of Engraving and Printing</a></p> <p><a href="https://www.usmint.gov/">U.S Mint</a></p> <p> </p> </div> </div> </div> </div> <div class="sub-nav-group secretary-remarks secretary-column" id="column-4"> <div class="block-region-col4"> <div data-block-plugin-id="block_content:162bab68-efbe-4083-832b-1499417428d2" class="block block-block-content block-block-content162bab68-efbe-4083-832b-1499417428d2 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/treasury-auctions">Auctions</a></h2><p><a href="https://www.irsauctions.gov/">IRS Auctions</a></p><p><a href="https://www.treasury.gov/auctions/treasury/rp/">Real Estate</a></p><p><a href="https://www.treasury.gov/auctions/treasury/gp/">General Property, Vehicles, Vessels & Aircraft</a></p></div> </div> <div data-block-plugin-id="block_content:04a3cfc7-3c51-4a8f-b13b-6c8463269c42" class="block block-block-content block-block-content04a3cfc7-3c51-4a8f-b13b-6c8463269c42 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/the-multiemployer-pension-reform-act-of-2014">Kline-Miller Multiemployer Pension Reform Act of 2014 </a></h2> <p><a href="/services/the-multiemployer-pension-reform-act-of-2014/applications-for-benefit-suspension">Applications</a></p> <p><a href="/services/the-multiemployer-pension-reform-act-of-2014/frequently-asked-questions-about-the-kline-miller-multiemployer-pension-reform-act">Frequently Asked Questions</a></p> </div> </div> <div data-block-plugin-id="block_content:a7453ce4-9a46-433f-bb6e-f7d19f11a1bc" class="block block-block-content block-block-contenta7453ce4-9a46-433f-bb6e-f7d19f11a1bc no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/education">Education</a></h2> <p> </p> </div> </div> </div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <div 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field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/forms">Forms</a></h2><p><a href="https://www.irs.gov/forms-instructions">IRS Forms and Instructions</a></p><p><a href="https://treasurydirect.gov/forms.htm">Savings Bonds - Treasury Securities</a></p><p><a href="https://bsaefiling.fincen.treas.gov/main.html">Bank Secrecy Act - Fincen 114 and more</a></p><p><a href="https://ofac.treasury.gov/ofac-license-application-page">OFAC License Application</a></p><p><a href="https://ofac.treasury.gov/ofac-reporting-system">OFAC Reporting</a></p><p><a href="/data/treasury-international-capital-tic-system-home-page/tic-forms-instructions">Treasury International Capital (TIC)</a></p></div> </div> </div> </div> <div class="sub-nav-group secretary-column" id="column-6"> <div class="block-region-col6"> <div data-block-plugin-id="block_content:2bc4edd6-3bb0-4803-a971-32a8e2934e37" class="block block-block-content block-block-content2bc4edd6-3bb0-4803-a971-32a8e2934e37 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/government-shared-services">Government Shared Services</a></h2><p><a href="/services/government-shared-services/enterprise-business-solutions">Enterprise Applications (EA)</a></p><p><a href="/services/government-shared-services/treasury-franchise-fund">Treasury Franchise Fund (TFF)</a></p><p><a href="/services/government-shared-services/administrative-resource-center">Administrative Resource Center (ARC)</a></p><p><a href="/services/government-shared-services/shared-services-programs">Shared Services Program (SSP)</a></p><p><a href="https://tfx.treasury.gov/fmqsmo/marketplace-catalog">Financial Management (FM) Marketplace Catalog</a></p><p><a href="https://www.treasurydirect.gov/government/">TreasuryDirect</a></p><p><a href="https://www.ipp.gov/">Invoice Processing Platform</a></p></div> </div> <div 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Process</span> </h2> </div> <div id="block-hamilton-content" data-block-plugin-id="system_main_block" class="block block-system block-system-main-block no-underline"> <article about="/policy-issues/financing-the-government/quarterly-refunding/treasury-quarterly-refunding-process" class="entity--type-node"> <div> <div class="layout layout--onecol"> <div class="layout__region layout__region--content"> <div data-block-plugin-id="extra_field_block:node:page:content_moderation_control" class="block block-layout-builder block-extra-field-blocknodepagecontent-moderation-control no-underline"> </div> <div data-block-plugin-id="field_block:node:page:field_page_body" class="block block-layout-builder block-field-blocknodepagefield-page-body no-underline"> <div class="clearfix text-formatted field field--name-field-page-body field--type-text-long field--label-hidden field__item"><p>Treasury debt managers begin the quarterly refunding process by soliciting advice and views from the private sector through questions to primary dealers that are also posted to the Treasury Department's website.  We encourage responses to these questions from all interested parties and hold meetings with half of the primary dealers each quarter through face-to-face meetings.</p> <p>Following the primary dealer meetings, we solicit advice from the Treasury Borrowing Advisory Committee. The Committee responds to questions and discussion materials presented by Treasury, and issues a formal report to the Secretary of the Treasury. We release the minutes of these meetings to the public the day following the meeting. Our decisions on changes in debt management policy, based on our analyses and the advice we receive from the private sector, are made public in a statement by a Treasury official.</p> <p>While specific changes in debt management policy are usually announced through quarterly refunding statements, they may be announced in separate press releases and may be elaborated upon in speeches and appearances by Treasury officials. In addition, Treasury encourages the public to send views on debt management policy to <a href="mailto:debt.management@treasury.gov">debt.management@treasury.gov</a>.</p> </div> </div> </div> </div> </div> </article> </div> </div> </div> </section>  <aside class="sidebar-second sidebars" id="sidebar-second"> <div class="region region-sidebar-second"> <div id="block-debtmanagementrightrail" data-block-plugin-id="block_content:d421d883-e616-441a-837a-3d260417c21f" class="block block-block-content block-block-contentd421d883-e616-441a-837a-3d260417c21f no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h3 class="text-align-center">Debt Management Resources</h3> <button onclick="location.href='https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/'" class="shortcode-button blue large fullwidth filled" type="button"> Daily Treasury Statement </button> <button 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