United States Treasury Department

United States Treasury Department
Furnished:	September 2, 1789
Seat:	Treasury Building , Washington, DC
Supervisory authority:	President of the United States
minister	Janet Yellen
Deputy	Justin Muzinich
Household:	$ 11.1 billion (2004)
Employees:	115,897 (2004)
Homepage:	treasury.gov

The Treasury Department building in Washington

The Ministry of Finance of the United States of America (amtl. United States Department of the Treasury ) is part of the Federal Government of the State responsible for the collection, management and distribution of public revenues. It was established on September 2, 1789 by resolution of Congress . The Department is based in Washington, DC. The building is depicted on the back of the $ 10 bill, the front of which features the image of the first Secretary of the Treasury, Alexander Hamilton .

Organization and agendas

The Ministry of Finance is headed by the Secretary of the Treasury , whose office corresponds to the German Finance Minister , the Deputy Secretary of the Treasury as his deputy and the Treasurer of the United States . It is divided into twelve departments ( bureaus ) that take on all fiscal policy tasks. These tasks include tax , customs , currency and economic policy , money production and the supervision of compliance with the law.

The Treasury Secretary is the chief economic adviser to the president and responsible for national and international financial and tax policies in the United States. He oversees the finances of the United States federal government and the tax authorities. Coin minting is his main area of ​​expertise today. The signature of the treasurer, like that of the finance minister, must appear on every valid US dollar banknote .

After the Ministry of Homeland Security was formed in 2003, some departments of the Treasury were moved to other ministries, including the Bureau of Alcohol, Tobacco and Firearms (ATF), the Customs Service, and the Secret Service . The Minister of Finance is a member of the Cabinet and since the presidency of Bill Clinton member of the National Security Council . The finance minister is the fifth most important to the president .

The first US Treasury Secretary was Alexander Hamilton . The US Treasurer's office has existed a little longer than the Treasury itself. It has existed since 1775.

The ministry includes:

• Internal Revenue Service (IRS), the federal tax office.
• Bureau of Engraving and Printing , including manufacture of US dollar banknotes.
• United States Mint , the mint of the US dollar
• Financial Crimes Enforcement Network (FinCEN), an investigative agency.
• Exchange Stabilization Fund (ESF), a state-owned stock exchange stabilization fund .
• Office of Terrorism and Financial Intelligence (TFI), an intelligence service

List of US Treasury Secretary

No.	picture	Surname	Term of office	under US President
1		Alexander Hamilton	September 11, 1789– January 31, 1795	George Washington
2		Oliver Wolcott Jr.	February 3, 1795 - December 31, 1800	George Washington, John Adams
3		Samuel Dexter	January 1 , 1801 - May 13, 1801	John Adams, Thomas Jefferson
4th		Albert Gallatin	May 14, 1801 - February 8, 1814	Thomas Jefferson, James Madison
5		George W. Campbell	February 9, 1814 - October 5, 1814	James Madison
6th		Alexander J. Dallas	October 6, 1814 - October 21, 1816
7th		William H. Crawford	October 22, 1816 - March 6, 1825	James Madison, James Monroe
8th		Richard Rush	March 7, 1825– March 5, 1829	John Quincy Adams
9		Samuel D. Ingham	March 6, 1829 - June 20, 1831	Andrew Jackson
10		Louis McLane	August 8, 1831 - May 28, 1833
11		William J. Duane	May 29 , 1833 - September 22, 1833
12th		Roger B. Taney	September 23, 1833– June 25, 1834
13th		Levi Woodbury	July 1, 1834 - March 3, 1841	Andrew Jackson, Martin Van Buren
14th		Thomas Ewing	March 4, 1841 - September 11, 1841	William Henry Harrison John Tyler
15th		Walter Forward	September 13, 1841 - March 1, 1843	John Tyler
16		John C. Spencer	March 8, 1843 - May 2, 1844
17th		George M. Bibb	July 4, 1844 - March 7, 1845
18th		Robert J. Walker	March 8, 1845 - March 5, 1849	James K. Polk
19th		William M. Meredith	March 8, 1849 - July 22, 1850	Zachary Taylor
20th		Thomas Corwin	July 23, 1850 - March 6, 1853	Millard Fillmore
21st		James Guthrie	March 7, 1853 - March 6, 1857	Franklin Pierce
22nd		Howell Cobb	March 7, 1857 - December 8, 1860	James Buchanan
23		Philip F. Thomas	December 12, 1860 - January 14, 1861
24		John Adams Dix	January 15, 1861 - March 6, 1861
25th		Salmon P. Chase	March 7, 1861– June 30, 1864	Abraham Lincoln
26th		William P. Fessenden	July 5, 1864 - March 3, 1865
27		Hugh McCulloch	March 9, 1865 - March 3, 1869	Abraham Lincoln, Andrew Johnson
28		George S. Boutwell	March 12, 1869– March 16, 1873	Ulysses S. Grant
29		William Adams Richardson	March 17, 1873 - June 3, 1874
30th		Benjamin H. Bristow	June 4, 1874 - June 20, 1876
31		Lot M. Morrill	July 7, 1876 - March 9, 1877	Ulysses S. Grant, Rutherford B. Hayes
32		John Sherman	March 10, 1877 - March 3, 1881	Rutherford B. Hayes
33		William Windom	March 8, 1881 - November 13, 1881	James A. Garfield , Chester A. Arthur
34		Charles J. Folger	November 14, 1881 - September 4, 1884	Chester A. Arthur
35		Walter Q. Gresham	September 5, 1884 - October 30, 1884
36		Hugh McCulloch	October 31, 1884 - March 7, 1885	Chester A. Arthur, Grover Cleveland
37		Daniel Manning	March 8, 1885 - March 31, 1887	Grover Cleveland
38		Charles S. Fairchild	April 1, 1887 - March 6, 1889
39		William Windom	March 7, 1889 - January 29, 1891	Benjamin Harrison
40		Charles Foster	February 25, 1891 - March 6, 1893	Benjamin Harrison, Grover Cleveland
41		John G. Carlisle	March 7, 1893– March 5, 1897	Grover Cleveland, William McKinley
42		Lyman J. Gage	March 6, 1897 - January 31, 1902	William McKinley Theodore Roosevelt
43		LM Shaw	February 1, 1902 - March 3, 1907	Theodore Roosevelt
44		George B. Cortelyou	March 4, 1907 - March 7, 1909
45		Franklin MacVeagh	March 8, 1909 - March 5, 1913	William Howard Taft
46		William G. McAdoo	March 6, 1913 - December 15, 1918	Woodrow Wilson
47		Carter Glass	December 16, 1918– February 1, 1920
48		David F. Houston	February 2, 1920– March 3, 1921
49		Andrew W. Mellon	March 4, 1921– February 12, 1932	Warren G. Harding , Calvin Coolidge , Herbert Hoover
50		Ogden L. Mills	February 13, 1932– March 4, 1933	Herbert Hoover
51		William H. Woodin	March 5, 1933– December 31, 1933	Franklin D. Roosevelt
52		Henry Morgenthau	January 1, 1934– July 22, 1945	Franklin D. Roosevelt, Harry S. Truman
53		Fred M. Vinson	July 23, 1945– June 23, 1946	Harry S. Truman
54		John W. Snyder	June 25, 1946 - January 20, 1953
55		George M. Humphrey	January 21, 1953 - July 29, 1957	Dwight D. Eisenhower
56		Robert B. Anderson	July 29, 1957 - January 20, 1961
57		C. Douglas Dillon	January 21, 1961– April 1, 1965	John F. Kennedy , Lyndon B. Johnson
58		Henry H. Fowler	April 1, 1965 - December 20, 1968	Lyndon B. Johnson
59		Joseph W. Barr	December 21, 1968 - January 20, 1969
60		David M. Kennedy	January 22, 1969 - February 10, 1971	Richard Nixon
61		John B. Connally	February 11, 1971 - June 12, 1972
62		George P. Shultz	June 12, 1972 - May 8, 1974
63		William E. Simon	May 8, 1974 - January 20, 1977	Richard Nixon, Gerald Ford
64		W. Michael Blumenthal	January 23, 1977 - August 4, 1979	Jimmy Carter
65		G. William Miller	August 7, 1979 - January 20, 1981
66		Donald Regan	January 22, 1981– February 1, 1985	Ronald Reagan
67		James Baker	February 4, 1985– August 17, 1988
68		Nicholas F. Brady	September 15, 1988– January 17, 1993	Ronald Reagan, George Bush
69		Lloyd Bentsen	January 20, 1993-22 December 1994	Bill Clinton
70		Robert Rubin	January 11, 1995 - July 2, 1999
71		Lawrence Summers	July 2, 1999– January 20, 2001
72		Paul O'Neill	January 20, 2001– December 31, 2002	George W. Bush
73		John W. Snow	February 3, 2003 - June 30, 2006
74		Henry Paulson	July 10, 2006 - January 20, 2009
75		Timothy Geithner	January 26, 2009– January 25, 2013	Barack Obama
76		Jacob Lew	February 28, 2013 - January 20, 2017
77		Steven Mnuchin	February 13, 2017 - January 20, 2021	Donald Trump
78		Janet Yellen	Since January 25, 2021	Joe Biden

Acting finance ministers

If both the finance minister and the deputy finance minister are incapacitated, any other undersecretary can be sworn into office and become the incumbent finance minister.

• William Jones served between the resignation of Alexander J. Dallas and the appointment of William H. Crawford.
• Because Assistant Treasury Secretary Roger Altman resigned in August 1994, Frank Newman served from December 22, 1994 to January 11, 1995.
• Kenneth W. Dam served from December 31, 2002 through February 3, 2003.
• Robert M. Kimmitt served from June 30 to July 9, 2006.
• Stuart A. Levey served from January 20, 2009 until the confirmation of Timothy Geithner by Congress on January 26, 2009.
• Neal S. Wolin served from January 25, 2013 until Jacob Lew's confirmation by Congress on February 28, 2013

Web links

Commons : United States Treasury Department  - collection of images, videos, and audio files

Commons : United States Treasury Secretary (illustrated overview)  - Album containing pictures, videos, and audio files

• Homepage of the US Treasury (English)

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1. ↑ https://www.treasury.gov/about/history/Pages/1600-1799.aspx
2. ↑ Senate confirms Janet Yellen as first female Treasury secretary. Retrieved January 26, 2021 .  
3. ↑ Duties & Functions ( English ) United States Department of the Treasury. Retrieved April 21, 2009.
4. ↑ Financial Crimes Enforcement Network - Official Site
5. ↑ United States Department of the Treasury: Exchange Stabilization Fund March 4, 2009