1.1: Operational Readiness

Guarantee operational readiness to meet the federal government's critical financing needs.

Other Information:

GUARANTEE OPERATIONAL READINESS TO MEET THE FEDERAL GOVERNMENT'S CRITICAL FINANCING NEEDS. We are responsible for conducting over 200 Treasury auctions annually, all of which must be timely and accurate. Each and every auction is essential to the continuous operation of the federal government and to making payments on U.S. Government obligations. Our challenge is not only to conduct auctions timely and accurately, but also to quickly make operational adjustments necessary to support changes in debt management strategies. This demands a flexible, robust, and resilient auction operation. In 2008, we implemented a new auction system and infrastructure that provide substantial flexibility to accommodate future borrowing needs. With that, our goal is to implement new Treasury borrowing strategies and policies within three months of receiving final requirements. These requirements may include, for example, changes in financing patterns or auction rules, the addition or removal of security offerings, and new data demands. The new auction system also provides an excellent foundation for creating a rich data warehouse of Treasury borrowing information. To develop this capability, we will partner with Treasury's debt managers to determine their analytical needs for auction data and work together to meet their needs efficiently and effectively.

Stakeholder(s):

• Wholesale Securities Services Program

Indicator(s):

Indicator:1

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