General Services Administration - 1970's dated $25,000 Specimen Bond
Inv# SE2059 Bond
$25,000 8.10% Specimen Bond printed by American Bank Note Company. The General Services Administration (GSA) is an autonomous agency of the United States government, founded in 1949, with the purpose of facilitating and supporting the essential operations of federal agencies. The GSA provides a range of products and communication services for U.S. government offices, offers transportation and office accommodations for federal employees, and formulates government-wide policies aimed at cost reduction and other management functions.
The agency employs approximately 12,000 federal personnel and operates with an annual budget of around $33 billion, while overseeing procurement activities totaling $66 billion each year. Additionally, it plays a significant role in the management of approximately $500 billion in federal property, which includes around 8,700 owned and leased buildings, as well as a motor pool consisting of 215,000 vehicles. Notably, among the real estate assets under its management is the Ronald Reagan Building and International Trade Center located in Washington, D.C., recognized as the largest federal building in the United States after the Pentagon.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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