Fiscal Service Seeks Financial Agent Proposals To Support myRASM
FOR IMMEDIATE RELEASE
February 27, 2014
WASHINGTON - The United States Department of the Treasury, Bureau of the Fiscal Service, is requesting applications from financial institutions interested in becoming a financial agent to support the issuance of retirement savings bonds, to be made available to the public through myRA accounts.
The financial agent will provide custodial, administrative, recordkeeping, accounting, and back office services in connection with the myRA program, which aims to encourage savings by establishing a simple, safe, and affordable way for Americans to begin to save for retirement.
Applications are due by 5 p.m. Eastern Time on March 31, 2014. Full details of the request for proposal are available on the Fiscal Service website at www.fiscal.treasury.gov.
More information on myRA is available at: http://www.treasurydirect.gov/readysavegrow/readysavegrow.htm.