Agency Snapshot: Department of The Treasury

The Department of the Treasury serves to promote economic prosperity and ensure the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury also operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the Federal Government. The Department’s fiscal year 2010 budget ensured the operation of the Bureau of Engraving and Printing, United States Mint, Financial Crimes Enforcement Network, and Internal Revenue Service amongst many other organizations.

 

Department of The Treasury Freeze the Footprint Baseline

In FY 2015, the Department of The Treasury’s total office and warehouse square footage was 0 square feet - an actual decrease of 29,992,024 since FY 2013.

Agency FY 2012 SF Baseline FY 2013 Total SF FY 2014 Total SF FY 2015 Total SF SF Change FY2012 Baseline to FY2015
TREAS 29,992,024 28,970,543 28,428,471 0 -29,992,024

Department of The Treasury Freeze the Footprint Projects

Project Project Type Description Location: City, State Start Date Projected Start Date Actual Completion Date Projected Completion Date Actual Space Reduction Planned (SF) Space Reduction Actual (SF)
IRS - Independence, OH Lease Consolidation

IRS will consolidate two expiring space assignments consisting of 62,000 rentable square feet into a new lease location. The relocation project will allow IRS to optimize space and utilize hotelling options for employees frequently out of the office for work.

 Independence, OH 07/01/12 07/02/12 09/01/14 Pending 23,000
IRS Lease Consolidation Leased Consolidation

IRS will reduce their current Midtown lease footprint to 37,000 rsf, which will house their Taxpayer Assistance Center (TAC), hoteling seats for approximately 200 revenue agents, and other public facing functions. The remaining IRS business units currently located at the Midtown location will be consolidated into three federal buildings located in downtown New York City. The total space released for this consolidation project is approximately 100,000 usf of which 22,000 usf was released in FY13.

 Midtown, NY 05/01/12 05/01/12 09/01/14 Pending 100,000
NCR Warehouse Consolidation Leased Consolidation

Treasury is executing a phased consolidation plan to eliminate four expiring warehouse lease requirements for four (4) Treasury Bureaus; Departmental Offices (DO) Phase 1, Bureau of Fiscal Services (FS) Phase 2, Internal Revenue Services (IRS) Phase 3, and the Office of Comptroller of the Currency (OCC) Phase 4. The consolidation initiative consists of absorbing the four (4) expiring warehouse requirements into the existing Bureau of Engraving (BEP) Warehouse (AMD00419) located in Landover, MD.

 Landover, MD 06/28/11 Phase 1 - 06/28/2011 Phase 2 - 01/24/2012 Phase 3 - 01/24/2012 Phase 4 - 01/31/2013 03/01/14 Phase 1 - 10/1/2012 Phase 2 - 03/1/2013 Phase 3 - 06/1/2013 71,000 71,433