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Friday, June 26, 2009

US Treasury names new head of financial management

WASHINGTON, June 26 (Reuters) - The U.S. Treasury Department said on Friday it has appointed David Lebryk as commissioner of the Financial Management Service, a Treasury division responsible for government-wide accounting, revenue collection, tax refunds and benefits payments.

Lebryk, a veteran Treasury official who has served in a number of capacities, had been acting FMS commissioner since April 2009, when commissioner Judy Tillman retired. He had been deputy FMS commissioner since January 2008 and prior to that served five years as deputy director of the U.S. Mint.

In the past year, FMS has issued about one billion federal payments to more than 100 million people and collected nearly $3.2 trillion in federal revenues, the Treasury said.

Lebryk will oversee a daily cash flow of more than $67 billion and government-wide programs related to credit and cash management.


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