occasion the DMO's Chief Executive was officially appointed as the Government Broker, a formal title previously conferred on the senior partner of the stockbrokers Mullens & Co., up until 1986. The statutory functions of CRND have been carried out within the UK Debt Management Office since July 2002. Operations The CRND manages the investment portfolios of a number of government and public bodies including HM Revenue & Customs (National Insurance Fund), National Savings and Investments (National Savings Bank Fund), Her Majesty's Courts Service (Court Funds Investment Account), the Department for Culture, Media and Sport and the (National Lottery Distribution Fund). It also manages some residual operations relating to the National Debt including donations and bequests and the 3.5 per cent Conversion Loan Sinking Fund. References External links United Kingdom national debt Organisations based in the City of London Finance in the United Kingdom HM Treasury Public bodies and task forces of the United Kingdom government 1786 establishments in Great Britain