Bureau of the Fiscal Service Announces Key Leadership Change

May 2, 2018

WASHINGTON, D.C. — The U.S. Department of the Treasury’s Bureau of the Fiscal Service (Fiscal Service) announces a change in the key leadership with the retirement of current Commissioner Sheryl Morrow and the appointment of Deputy Commissioner Kim McCoy as incoming commissioner, effective today.

Commissioner Morrow began serving as Fiscal Service Commissioner on June 30, 2014. Prior to this role, she served as the deputy assistant secretary in the Office of the Fiscal Assistant Secretary within the Treasury Department. Commissioner Morrow also served as the assistant commissioner of the bureau’s payment management and revenue collections offices. She was responsible for operations which currently disburse more than 1.2 billion payments each year, including tax refunds, social security and civil service retirement payments; and revenue collections of more than $4.1 trillion annually. Commissioner Morrow is concluding an impressive career of nearly 40 years of federal service.

“Commissioner Morrow is responsible for many accomplishments during her career, but perhaps she will be best remembered by how she increased the resiliency of the bureau operations, and set the path for innovation in financial management across the U.S. government,’ said Assistant Secretary Lebryk. “I’m confident that Kim is well positioned to ensure the Bureau continues to lead, transform, and deliver.”

Ms. McCoy currently serves as the deputy commissioner for shared services, overseeing all of the Treasury Department’s operation through the bureau’s Administrative Resource Center (ARC). Ms. McCoy joined the Treasury Department in 1992 as a computer specialist. She was appointed to the Senior Executive Service in 2007, serving as the chief information officer.

“Commissioner Morrow’s shoes are big ones to fill,” said Ms. McCoy; “But I have worked alongside her for the past four years and I am well prepared to lead, transform and deliver the best federal financial services for the millions of Americans who depend on us every day.”

Fiscal Service is responsible for annually issuing trillions of dollars in Treasury securities to finance government operations; disbursing essential benefit payments including social security and veterans’ payments; collecting trillions in federal revenue, including taxes; operating central debt collection operation; providing government-wide accounting and reporting including the daily and monthly Treasury statements; and providing administrative and information technology services to federal agencies through shared services.

For more information about the Fiscal Service please visit www.fiscal.treasury.gov.