Treasury Department

Extracted Attributes

• Type

  National treasury, finance department, federal government department, executive agency

• Acronym

  USDT

• Website

  home.treasury.gov

• Established

  1789

• Headquarters

  1500 Pennsylvania Ave., NW, Washington, DC 20220, USA

• Phone Number

  1-202-622-2000

• Official Name

  Department of the Treasury

• First Secretary

  Alexander Hamilton

• Key Responsibilities

  Managing government revenue, executing currency circulation, collecting federal taxes, managing U.S. government debt, licensing and supervising banks, advising on fiscal policy, promoting economic prosperity, ensuring financial security, combating threats to the financial system, manufacturing coins and currency.

• Number of U.S. Government Departments

  One of 15 current U.S. government departments

Timeline

• The Department of the Treasury was established by an Act of Congress to manage government revenue. (Source: Summary, Wikipedia)

  1789

• Alexander Hamilton was sworn into office as the first Secretary of the Treasury. (Source: Wikipedia)

  1789-09-11

• Responsibility for oversight of the Bureau of Engraving and Printing (BEP) and the United States Mint was assigned to the Treasurer. (Source: Web Search Results)

  1981

• The Treasurer was named National Honorary Director of the U.S. Savings. (Source: Web Search Results)

  1994

• A poor Treasury Department auction contributed to growing Bond Market Weakness, linked to discussions about U.S. fiscal policy and the potential impact of tax cuts. (Source: Related Documents, Summary)

  Recent

United States Department of the Treasury

The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States. It is one of 15 current U.S. government departments. The department oversees the Bureau of Engraving and Printing and the U.S. Mint, two federal agencies responsible for printing all paper currency and minting coins. The treasury executes currency circulation in the domestic fiscal system, collects all federal taxes through the Internal Revenue Service, manages U.S. government debt instruments, licenses and supervises banks and thrift institutions, and advises the legislative and executive branches on fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve Notes. The department was established by an Act of Congress in 1789 to manage government revenue. The first secretary of the treasury was Alexander Hamilton from New York, a Founding Father, delegate to the Second Continental Congress in Philadelphia during the Revolutionary War, and one of 56 delegates who unanimously signed the Declaration of Independence. Appointed by George Washington, the nation's first president, Hamilton was sworn into office on September 11, 1789. Hamilton was recommended to Washington by Robert Morris from Pennsylvania, who was also a Second Continental Congress delegate. Morris was Washington's first choice for the position, but declined the appointment. Hamilton established the nation's early financial system and for several years was a major presence in Washington's administration. The department is customarily referred to as "Treasury", solely, without any preceding article – a transitional remnant from British to American English. Hamilton's portrait appears on the obverse of the ten-dollar bill, while the Treasury Building in Washington, D.C. is depicted on the reverse.

Web Search Results

• Role of the Treasury | U.S. Department of the Treasury

  The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury operates and maintains systems that are critical to the nation's financial [...] The U.S. Department of the Treasury's mission is to maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic growth and stability at home and abroad, strengthen national security by combating threats and protecting the integrity of the financial system, and manage the U.S. Government’s finances and resources effectively. [...] ### Organization The Department of the Treasury is organized into two major components, the Departmental offices and the operating bureaus. The Departmental Officesare primarily responsible for the formulation of policy and management of the Department as a whole, while the operating bureaus carry out the specific operations assigned to the Department. Our bureaus make up 98% of the Treasury work force. The basic functions of the Department of the Treasury include: ### More Information

• United States Department of the Treasury - Wikipedia

  The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States. It is one of 15 current U.S. government departments. [...] The department oversees the Bureau of Engraving and Printing and the U.S. Mint, two federal agencies responsible for printing all paper currency and minting coins. The treasury executes currency circulation in the domestic fiscal system, collects all federal taxes through the Internal Revenue Service, manages U.S. government debt instruments, licenses and supervises banks and thrift institutions, and advises the legislative and executive branches on fiscal policy. The department is administered [...] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That there shall be a Department of Treasury, in which shall be the following officers, namely: a Secretary of the Treasury, to be deemed head of the department; a Comptroller, an Auditor, a Treasurer, a Register, and an Assistant to the Secretary of the Treasury, which assistant shall be appointed by the said Secretary.

• U.S. Department of the Treasury | USAGov

  The Department of the Treasury manages federal finances by collecting taxes and paying bills and by managing currency, government accounts and public debt. The Department of the Treasury also enforces finance and tax laws. Website ------- Department of the Treasury Contact ------- Contact the Department of the Treasury Phone number ------------ 1-202-622-2000 Main address ------------ 1500 Pennsylvania Ave., NW Washington, DC 20220 Popular services ---------------- [...] U.S. Department of the Treasury State and local governments Branches of government Elected officials Federal laws and regulations Indian tribes and resources for Native Americans Federal, state, territory, county, and municipal courts U.S. Department of the Treasury =============================== [...] A lock ( ) or means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. Home Close Search Image 4: Search The U.S. and its government A-Z index of U.S. government departments and agencies U.S. Department of the Treasury _Image 5: USAGov Logo_ EspañolMenu Search Image 6: Search

• Duties and Functions FAQs | U.S. Department of the Treasury

  The Secretary of the Treasury is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt. The Secretary oversees the activities of the Treasury Department in carrying out her major law enforcement responsibilities; in serving as the financial agent for the U.S. Government; and in manufacturing coins and [...] The Treasury Department includes the Office of the Secretary and the Departmental Offices. This is where all of the policy-making offices are found. Each office has an Assistant Secretary directly responsible for its activities. In addition, there are many bureaus with different responsibilities. Duties of the Departmental Offices Duties of the Bureaus ### Secretary and Senior Officials #### What does the Secretary of the Treasury do? [...] The office of Treasurerof the United States is the only Treasury office older than the Department itself. The Treasurer was originally charged with the receipt and custody of government funds, though many of these functions have been taken over by different Treasury Bureaus. Responsibility for oversight of the Bureau of Engraving and Printing (BEP) and the United States Mint was assigned to the Treasurer in 1981. In 1994, the Treasurer was named National Honorary Director of the U.S. Savings

• Front page | U.S. Department of the Treasury

  About TreasuryEnter Search Term(s): Advanced Search About Treasury General Information -------------------------------------------------------------------------- Role of the Treasury Officials Organizational Chart Orders and Directives Offices -------------------------------------------------- Domestic Finance Economic Policy General Counsel International Affairs Management Public Affairs Tax Policy Terrorism and Financial Intelligence Tribal and Native Affairs [...] ------------------------------------------------------------------ [...] U.S. Mint NewsEnter Search Term(s): Advanced Search News Featured Stories ------------------------------------------------------------------- February 8, 2025United States Department of the Treasury Announces New Appointments February 8, 2025Treasury Targets Oil Network Generating Hundreds of Millions of Dollars for Iran’s Military January 28, 2025Scott Bessent sworn in as 79th Secretary of the Department of Treasury View all Featured Stories Press Releases