Financial Management Service acts as the U.S. government's money manager. It is a very important part of the U.S. government.

The FMS provides federal payment, collection, and reporting services for the government. As of today, the Financial Management Service has staffed approximately 2,100 career civil servants one third are located in Financial Centers or RFC's in Austin, TX, Kansas City, MO, Philadelphia, PA, and San Francisco, CA. There is one Debt Collection Center in Alabama. The RFCs issue payments by electronic funds transfer or EFT and paper check, and the Debt Collection Center collects debts older than 180 days on behalf of federal agencies.

Financial Management Service oversees the daily cash flow of nearly $58 billion into and out of federal accounts. The FMS disburses more than $1.5 trillion to more than 100 million individuals by social security and veterans' benefits, income tax refunds and other federal payments.

The FMS...