Biography GERALD MURPHY Fiscal Assistant Secretary Appointed January 27, 1986 The Bureau of the Public Debt is an agency of the Treasury Department. In order to function efficiently and smoothly a communications link to the parent organization-Treasury-is essential. That communications link comes via the Office of the Fiscal Assistant Secretary of the Treasury. Gerald Murphy serves as that key administrator at the Department of the Treasury to whom the Commissioner of the Bureau of the Public Debt reports. Mr. Murphy was appointed Fiscal Assistant Secretary on January 27, 1986, by Secretary of the Treasury James A. Baker, III. As Fiscal Assistant Secretary, Mr. Murphy oversees the Treasury Department's management of the U.S. Government's financial operations including cash management responsibilities, administrative direction of financing activities, efficient performance of the fiscal agency functions by the Federal Reserve Banks, investments of the multi-billion dollar public trust funds and other similar accounts, and accounting policy for guidance of Government agencies in reporting of receipts and outlays. Mr. Murphy reports to the Secretary and Deputy Secretary through the Under Secretary for Finance. Murphy is in charge of the Fiscal Service, and in that capacity he is the immediate supervisor of the Commissioner of the Public Debt. He is responsible for the coordination of the Bureau's activities with other Treasury agencies, particularly the Financial Management Service, which is also a part of the Fiscal Service. Murphy began a career of Federal service when he entered the Department of the Navy in 1957. He joined the Department of the Treasury in 1959 and has served in a variety of managerial positions, including Deputy Commissioner of the Financial Management Service. He had been Deputy Fiscal Assistant Secretary from 1979 until his appointment as Fiscal Assistant Secretary in 1986. Prior to his tenure at Treasury, Murphy served for 6 years as a member of the National Council on Government Accounting, and he presently serves on the Governmental Accounting Standards Advisory Council. Murphy has received Treasury's Meritorious Service Award, The Secretary's Honor Award, The Benjamin Franklin University Distinguished Alumni Award, and the Association of Government Accountants Robert W. King Memorial Award. Mr. Murphy is a Certified Public Accountant. 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