The Indian trust consists of 55 million surface acres and 57 million acres of subsurface minerals estates held in trust by the United States for American Indians, Indian tribes and Alaska Natives. Over 11 million acres belong to individual Indians and nearly 44 million acres are held in trust for Indian tribes. On these lands, the Department manages more than 122,817 leases. It also manages approximately $5 billion in trust funds.
In FY 2017, OST achieved multiple milestones in delivering trust management services to Tribal and Individual Indian Monies (IIM) account holders:
OST also made the following major accomplishments:
Also in FY 2017, two BIA senior executives transferred to OST to fill key leadership positions.
These senior executives bring a wealth of diverse trust management experience which will further enhance and improve our trust asset management responsibilities and beneficiary services. In addition, OST employees continue to work diligently to provide significant asset management services to Tribes and individual Indian trust beneficiaries on a daily basis. Their work is guided by the OST Mission Statement — “To honor our trust responsibilities by incorporating a beneficiary focus and participation while providing superior stewardship of trust assets.” In FY 2018, OST will continue to provide efficient and cost-effective trust management services; receive, invest, disburse, and accurately account for beneficiary trust funds; collaborate with other federal agencies to achieve operational efficiencies; support and promote Tribal Self-Determination; and partner with other bureaus and offices to fulfill the Department’s Indian trust responsibilities.