Security Liquidation
The security liquidation and proceeds process is the disposal or liquidation of obligations, including:
- Bonds, notes or other securities acquired by the Secretary of the Treasury for the United States Government
- Securities delivered to the Secretary by a Federal Executive Agency
Through redelegation authorities, this process is accomplished by the Bureau of the Public Debt, Office of Public Debt Accounting, Debt Accounting Branch (DAB). Securities received by an agency for any of the following reasons may be liquidated by DAB:
- Internal Revenue Service (IRS) levy
- Bankruptcy, Settlement or Other Litigation
- Donations to a Federal Executive Agency
Delivery
Definitive, or physical, securities must be sent to Merrill Lynch, FBO: U.S. Department of the Treasury via registered mail or special messenger. View address information.
Electronic securities may be wired to DAB's broker-dealer account. Click "Contact Us" in the main navigation above to obtain the phone number you'll need to call us for more information on how to wire the security.
View information about the proceeds process and methods of payment.
Note: This information does not apply to savings bonds, TreasuryDirect accounts or Legacy Treasury Direct accounts. For information or questions related to these subjects, please select ''Contact Us'' at the top of this page.
