Which agency provides disaster-related savings bonds replacements?

• A. Department of the Treasury
• B. Internal Revenue Service
• C. The Bureau of the Public Debt
• D. Federal Emergency Management Agency

Answer: (C)

The Bureau of the Public Debt is the agency that handles replacements for disaster-related savings bonds. This office maintained the records for U.S. savings bonds and was responsible for issuing replacements when bonds were lost, stolen, or destroyed—such as after a disaster. The other agencies don’t perform this function: the Department of the Treasury oversees the federal debt system as a whole, the Internal Revenue Service handles taxes on savings bonds, and FEMA focuses on disaster relief rather than replacing financial instruments. (Note: in current structure, this function sits with the Treasury’s Bureau of the Fiscal Service, but exams often reference the Bureau of the Public Debt.)