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The Department of the Treasury (USDT) is the
national treasury A treasury is either *A government department related to finance and taxation, a Finance minister, finance ministry. *A place or location where treasure, such as currency or precious items are kept. These can be state or royal property, church va ...

national treasury
of the
federal government of the United States The federal government of the United States (U.S. federal government) is the Federation#Federal governments, national government of the United States, a federal republic in North America, composed of 50 U.S. state, states, a District of Col ...
where it serves as an
executive department The United States federal executive departments are the principal units of the Federal government of the United States, executive branch of the federal government of the United States. They are analogous to Ministry (government department), minis ...
. The department oversees the
Bureau of Engraving and Printing The Bureau of Engraving and Printing (BEP) is a government agency A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight ...

Bureau of Engraving and Printing
, and the U.S. Mint; these two agencies are responsible for printing all
paper currency A banknote (often known as a bill (in the US and Canada), paper money, or simply a note) is a type of negotiable promissory note A promissory note, sometimes referred to as a note payable, is a legal instrument ''Legal instrument'' is a l ...
and
coins ContextObjects in Spans (COinS) is a method to embed bibliographic metadata in the HTML code of web pages. This allows bibliographic software to publish machine-readable bibliographic items and client reference management software to retrieve bib ...
, while the treasury executes its
circulation Circulation may refer to: Science and technology * Atmospheric circulation, the large-scale movement of air * Circulation (physics), the path integral of the fluid velocity around a closed curve in a fluid flow field * Circulatory system, a biolo ...
in the domestic fiscal system. The USDT
collects The collect ( ) is a short general prayer of a particular structure used in Christian liturgy. Collects appear in the liturgies of Roman Catholic, Orthodoxy, Orthodox, Anglican, Methodism, Methodist, Lutheran, and Presbyterian churches, among othe ...
all federal taxes through the
Internal Revenue Service The Internal Revenue Service (IRS) is the revenue service of the United States federal government responsible for collecting taxes and administering the Internal Revenue Code The Internal Revenue Code (IRC), formally the Internal Revenue C ...
; manages U.S. government debt instruments; licenses and supervises banks and
thrift institutions A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making Mortgage loan, mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the Unite ...
; and advises the
legislative A legislature is a deliberative assembly with the authority In the fields of sociology Sociology is the study of society, human social behaviour, patterns of social relationships, social interaction, and culture that surrounds everyday l ...
and executive branches on matters of
fiscal policy In economics Economics () is the social science that studies how people interact with value; in particular, the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods ...

fiscal policy
. The department is administered by the
secretary of the treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, which is concerned with all financial and monetary matters relating to the federal government, and, until 2003, also included several major ...
, who is a member of the
Cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filing ...
. The
treasurer of the United States The Treasurer of the United States is an official in the United States Department of the Treasury who was originally charged with the receipt and custody of government funds, though many of these functions have been taken over by different burea ...
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 note Federal Reserve Notes, also United States banknotes, are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 a ...
s. Established by an
Act of Congress An Act of Congress is a statute enacted by United States Congress, Congress. Acts can affect only individual entities (called private laws), or the general public (public laws). For a Bill (law), bill to become an act, the text must pass through b ...
in 1789 to manage government
revenue In accounting, revenue is the income or increase in net assets that an entity has from its normal activities (in the case of a business, usually from the sale of product (business) , goods and services to customers). Commercial revenue may also be ...
, the first secretary of the treasury was
Alexander Hamilton Alexander Hamilton (January 11, 1755 or 1757July 12, 1804) was an American statesman, politician, legal scholar, military commander, lawyer, banker, and economist. He was one of the Founding Fathers of the United States. He was an influent ...

Alexander Hamilton
, sworn into office on September 11. Hamilton was appointed by
President President most commonly refers to: *President (corporate title) A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a Chief Executive Officer, chi ...

President
George Washington George Washington (February 22, 1732, 1799) was an American soldier, statesman, and Founding Fathers of the United States, Founding Father who served as the first President of the United States from 1789 to 1797. Appointed by the Continenta ...

George Washington
on the recommendation of
Robert MorrisRobert or Bob Morris may refer to: Politics * Robert Hunter Morris (1700–1764), Lieutenant Governor of Colonial Pennsylvania * Robert Morris (financier) (1734–1806), financier of the American Revolution and signatory to three of the United Stat ...
, Washington's first choice for the position, who had declined the appointment. Hamilton established the nation's early financial system and for several years was a major presence in Washington's administration. The office is thus customarily referred to as "Treasury", solely, without any preceding article, as a remnant of the country's transition from
British British may refer to: Peoples, culture, and language * British people The British people, or Britons, are the citizens of the United Kingdom of Great Britain and Northern Ireland, the British Overseas Territories, and the Crown dependenc ...
to
American English American English (AmE, AE, AmEng, USEng, en-US), sometimes called United States English or U.S. English, is the set of varieties of the English language native to the United States. Currently, American English is the most influential form of ...
during the late 18th century. Hamilton's portrait appears on the obverse of the ten-dollar bill, while the Treasury Department building is depicted on the reverse. The current secretary of the treasury is
Janet Yellen Janet Louise Yellen (born August 13, 1946) is an American economist An economist is a practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from ...
, who was
confirmed A woodcut depicting the confirmation of Lutheran youth In Christian denominations that practice infant baptism, confirmation is seen as the sealing of the covenant created in baptism. It is an affirmation of commitment and belief. Those bei ...

confirmed
by the
United States Senate The United States Senate is the Upper house, upper chamber of the United States Congress, with the United States House of Representatives, House of Representatives being the Lower house, lower chamber. Together they compose the national Bica ...
on January 25, 2021.
Jovita Carranza
Jovita Carranza
, appointed on April 28, 2017, was the incumbent treasurer, until January 15, 2020, when she left the office.


History


Revolutionary period

The history of the Department of the Treasury began in the turmoil of the
American Revolution The American Revolution was an ideological and political revolution that occurred in British America between 1765 and 1791. The Americans in the Thirteen Colonies formed independent states that defeated the First British Empire, British in ...
, when the
Continental Congress The Continental Congress was a series of legislative bodies which met in the British America British America comprised the colonial territories of the British Empire in America from 1607 to 1783. These colonies were formally known as Bri ...
at
Philadelphia Philadelphia, colloquially Philly, is a city in the state of Pennsylvania in the United States. It is the sixth-most populous city in the United States and the most populous city in the state of Pennsylvania, with a 2019 estimated population ...

Philadelphia
deliberated the crucial issue of financing a war of independence against
Great Britain Great Britain is an island in the North Atlantic Ocean off the northwest coast of continental Europe. With an area of , it is the largest of the British Isles, the List of European islands by area, largest European island, and the List of i ...

Great Britain
. The Congress had no power to levy and
collect The collect ( ) is a short general prayer Prayer is an invocation or act that seeks to activate a rapport with an object of worship Worship is an act of religion, religious wikt:devotion, devotion usually directed towards a deity. For ma ...
taxes, nor was there a tangible basis for securing funds from foreign investors or governments. The delegates resolved to issue paper money in the form of
bills of credit Bills of credit are documents similar to banknote A banknote (often known as a bill (in the US and Canada), paper money, or simply a note) is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed author ...
, promising
redemption Redemption may refer to: Religion * Redemption (theology), an element of salvation to express deliverance from sin * Redemptive suffering, a Roman Catholic belief that suffering can partially remit punishment for sins if offered to Jesus * Pidyo ...
in
coin A coin is a small, flat, (usually, depending on the country or value) round piece of metal A metal (from Ancient Greek, Greek μέταλλον ''métallon'', "mine, quarry, metal") is a material that, when freshly prepared, polished, or f ...
on faith in the revolutionary cause. On June 22, 1775—only a few days after the
Battle of Bunker Hill The Battle of Bunker Hill was fought on June 17, 1775, during the Siege of Boston in the first stage of the American Revolutionary War The American Revolutionary War (1775–1783), also known as the Revolutionary War and the America ...
—Congress issued $2 million in bills; on July 25, 28 citizens of Philadelphia were employed by Congress to sign and number the currency. On July 29, 1775, the
Second Continental Congress The Second Continental Congress was a meeting of delegates from the Thirteen Colonies in America which united in the American Revolutionary War. It convened on May 10, 1775, with representatives from 12 of the colonies in Philadelphia, Pennsylva ...
assigned the responsibility for the administration of the revolutionary government's finances to joint Continental treasurers
George Clymer George Clymer (March 16, 1739January 23, 1813) was an American politician The United States is a federal constitutional democratic republic, in which the president of the United States, president (the head of state and head of government), Unit ...

George Clymer
and
Michael Hillegas Michael Hillegas (April 22, 1729 – September 29, 1804) was the first Treasurer of the United States The Treasurer of the United States is an official in the United States Department of the Treasury who was originally charged with the receip ...

Michael Hillegas
. Congress stipulated that each of the colonies contribute to the Continental government's funds. To ensure proper and efficient handling of the growing
national debt Government debt, also known as public interest, public debt, national debt and sovereign debt, is the total amount of debt owed at a point in time by a government or state to lenders. Government debt can be owed to lenders within the country (also ...
in the face of weak economic and political ties between the colonies, the Congress, on February 17, 1776, designated a committee of five to superintend the treasury, settle accounts, and report periodically to the Congress. On April 1, a Treasury Office of Accounts, consisting of an auditor general and
clerk A clerk ( or ) is a white-collar worker A white-collar worker is a person who performs professional, desk, managerial, or administrative work. White-collar work may be performed in an office or other administrative setting. White-collar workers ...
s, was established to facilitate the settlement of claims and to keep the public accounts for the government of the United Colonies. With the signing of the
Declaration of Independence#REDIRECT Declaration of independence {{Redirect category shell, {{R from other capitalisation ...

Declaration of Independence
on July 4, 1776, the newborn republic as a
sovereign nation A sovereign state is a political entity that is represented by one centralized government A centralized government (also united government) is one in which both executive and legislative power is concentrated centrally at the higher level as ...
was able to secure loans from abroad. Despite the infusion of foreign and domestic loans, the united colonies were unable to establish a well-organized agency for financial administration. Michael Hillegas was first called Treasurer of the United States on May 14, 1777. The Treasury Office was reorganized three times between 1778 and 1781. The $241.5 million in paper Continental bills
devalued In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currenc ...
rapidly. By May 1781, the dollar
collapsed
collapsed
at a rate of from 500 to 1000 to 1 against
hard currency In macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics Economics () is the social science that studies how people interact with value; in particular, the Production ...
. Protests against the worthless money swept the colonies, giving rise to the expression " not worth a Continental". The office has, since the late 18th century, been customarily referred to as the singular “Treasury”, without any preceding article, as a remnant of the country's transition from
British British may refer to: Peoples, culture, and language * British people The British people, or Britons, are the citizens of the United Kingdom of Great Britain and Northern Ireland, the British Overseas Territories, and the Crown dependenc ...
to
American English American English (AmE, AE, AmEng, USEng, en-US), sometimes called United States English or U.S. English, is the set of varieties of the English language native to the United States. Currently, American English is the most influential form of ...
. For example, the department notes its guiding purpose as "Treasury's mission" instead of "the Treasury's mission."
Robert MorrisRobert or Bob Morris may refer to: Politics * Robert Hunter Morris (1700–1764), Lieutenant Governor of Colonial Pennsylvania * Robert Morris (financier) (1734–1806), financier of the American Revolution and signatory to three of the United Stat ...
was designated Superintendent of Finance in 1781 and restored stability to the nation's finances. Morris, a wealthy colonial
merchant A merchant is a person who trades in commodities produced by other people, especially one who trades with foreign countries. Historically, a merchant is anyone who is involved in business Business is the activity of making one's living or m ...

merchant
, was nicknamed "the financier" because of his reputation for procuring funds or goods on a moment's notice. His staff included a
comptroller A comptroller is a management-level position responsible for supervising the quality of accountancy, accounting and financial reporting of an organization. A financial comptroller is a senior-level executive who acts as the head of accounting, and ...
, a
treasurer In ''A new way to pay the National Debt'' (1786), Queen Charlotte and King_George_III_awash_with_treasury_funds_to_cover_royal_debts,_with_William_Pitt_the_Younger.html" ;"title="George III of the United Kingdom">King George III awash with treasu ...

treasurer
, a
register A register is an authoritative list of one kind of information. Register or registration may refer to: Arts entertainment, and media Music * Register (music), the relative "height" or range of a note, melody, part, instrument, etc. * ''Regis ...
, and
auditorAn auditor is a person or a firm appointed by a company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal personality, legal or a mixture of both, wit ...
s, who managed the country's finances through 1784, when Morris resigned because of ill health. The treasury board, consisting of three commissioners, continued to oversee the finances of the confederation of former colonies until September 1789.


Creation of the Treasury

Original seal, dating from before 1968 The First Congress of the United States was called to convene in New York on March 4, 1789, marking the beginning of government under the Constitution. On September 2, 1789, Congress created a permanent institution for the management of government finances:
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.
Alexander Hamilton Alexander Hamilton (January 11, 1755 or 1757July 12, 1804) was an American statesman, politician, legal scholar, military commander, lawyer, banker, and economist. He was one of the Founding Fathers of the United States. He was an influent ...

Alexander Hamilton
took the oath of office as the first
secretary of the treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, which is concerned with all financial and monetary matters relating to the federal government, and, until 2003, also included several major ...
on September 11, 1789. Hamilton had served as George Washington's ''
aide-de-camp An ''aide-de-camp'' (, ; French expression meaning literally ''helper in the ilitarycamp'') is a personal assistant A personal assistant, also referred to as personal aide (PA) or personal secretary (PS), is a job title describing a per ...
'' during the Revolution and was of great importance in the
ratification Ratification is a principal Principal may refer to: Title or rank * Principal (academia) The principal is the chief executive and the chief academic officer of a university A university ( la, universitas, 'a whole') is an educational insti ...
of the Constitution. Because of his financial and managerial acumen, Hamilton was a logical choice for solving the problem of the new nation's heavy war debt. Hamilton's first official act was to submit a report to Congress in which he laid the foundation for the nation's financial health. To the surprise of many legislators, he insisted upon federal assumption and dollar-for-dollar repayment of the country's $75 million debt in order to revitalize the public credit: " e debt of the United States was the price of liberty. The faith of America has been repeatedly pledged for it, and with solemnities that give peculiar force to the obligation." Hamilton foresaw the development of industry and trade in the United States, suggesting that government revenues be based upon
customs duties Customs is an authority In the fields of sociology Sociology is the study of society, human social behaviour, patterns of social relationships, social interaction, and culture that surrounds everyday life. It is a social science that uses ...
. His sound also inspired investment in the , which acted as the government's
fiscal agent A fiscal agent, fiscal sponsor, or financial agent is a proxy Proxy may refer to: * Proxy or agent (law), a substitute authorized to act for another entity or a document which authorizes the agent so to act * Proxy (climate), a measured variable ...
. The treasury believes their seal was created by
Francis Hopkinson Francis Hopkinson (September 21,Hopkinson was born on September 21, 1737, according to the then-used Julian calendar (old style). In 1752, however, Great Britain and all its colonies adopted the Gregorian calendar (new style) which moved Hopkinson' ...

Francis Hopkinson
, the treasurer of loans. He submitted bills to Congress in 1780 that authorized the design of department seals, including the seal for the Board of Treasury. While it is it not certain that Hopkinson designed the seal, it is very similar to others he's done.


2003 reorganization

Congress transferred several agencies that had previously been under the aegis of the Treasury Department to other departments as a consequence of the
September 11 attacks The September 11 attacks, often referred to as 9/11, were a series of four coordinated terrorist attacks by the Wahhabi terrorist group Al-Qaeda against the United States The United States of America (USA), commonly known as the ...
. Effective January 24, 2003, the
Bureau of Alcohol, Tobacco and Firearms The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is a federal law enforcement organization within the United States Department of Justice The United States Department of Justice (DOJ), also known as the Justice Department, is a U ...
(ATF), which had been a bureau of the department since 1972, was extensively reorganized under the provisions of the
Homeland Security Act of 2002 The Homeland Security Act (HSA) of 2002, () was introduced in the aftermath of the September 11 attacks The September 11 attacks, often referred to as 9/11, were a series of four coordinated terrorist attacks by the Wahhabi terrorist ...
. The
law enforcement File:CBP female officers going aboard a ship.jpg, upU.S. Customs and Border Protection officers boarding a ship 'Law enforcement'' is the activity of some members of government who act in an organized manner to enforce the law by discovering, dete ...
functions of ATF, including the regulation of legitimate traffic in
firearms A firearm is any type of gun designed to be readily carried and used by an individual. The term is legally defined further in different countries (see #Legal_definitions, Legal definitions). The first firearms originated in 10th-century Histor ...

firearms
and
explosives An explosive (or explosive material) is a reactive substance that contains a great amount of potential energy that can produce an explosion An explosion is a rapid expansion in volume associated with an extremely vigorous outward release ...
, were transferred to the
Department of Justice A justice ministry, ministry of justice, or department of justice is a ministry or other government agency A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of governme ...
as the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE). The regulatory and tax collection functions of ATF related to legitimate traffic in alcohol and tobacco remained with the treasury at its new
Alcohol and Tobacco Tax and Trade Bureau The Alcohol and Tobacco Tax and Trade Bureau, statutorily named the Tax and Trade Bureau and frequently shortened to TTB, is a bureau of the United States Department of the Treasury, which regulates and collects taxes on trade and imports of alcoho ...
(TTB). Effective March 1, 2003, the
Federal Law Enforcement Training Center The Federal Law Enforcement Training Centers (FLETC) serves as an interagency law enforcement training body for 105 United States government Federal law enforcement in the United States, federal law enforcement agencies. The stated mission of FLET ...
, the
United States Customs Service The United States Customs Service was an agency of the U.S. federal government that collected import tariffs and performed other selected border security duties. In March 2003, as a result of the homeland security reorganization, the U.S. Cust ...
, and the
United States Secret Service The United States Secret Service (USSS or Secret Service) is a federal law enforcement agency under the Department of Homeland Security charged with conducting criminal investigations and protecting U.S. political leaders, their families, and v ...
were transferred to the newly created Department of Homeland Security ("DHS").


2020 data breach

In 2020, the Treasury suffered a data breach following a
cyberattack In computer A computer is a machine that can be programmed to carry out sequences of arithmetic or logical operations automatically. Modern computers can perform generic sets of operations known as Computer program, programs. These progra ...
likely conducted by a nation state adversary, possibly Russia. This was in fact the first detected case of the much wider
2020 United States federal government data breach In 2020, a major cyberattack In computer A computer is a machine that can be programmed to carry out sequences of arithmetic or logical operations automatically. Modern computers can perform generic sets of operations known as Compu ...
, which involved at least eight federal departments.


Responsibilities


Basic functions

The basic functions of the Department of the Treasury mainly include: * Producing all currency and coinage of the U.S.; * Collecting taxes, duties and money paid to and due to the U.S.; * Paying all bills of the U.S.; * Managing the federal finances; * Managing government accounts and the
United States public debt United may refer to: Places * United, Pennsylvania United is located in Mount Pleasant Township, Westmoreland County, Pennsylvania. It is a community located near Norvelt, Pennsylvania. History In 1881, the United Coal Company, United Coal & Cok ...
; * Supervising national banks and
thrift institutions A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making Mortgage loan, mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the Unite ...
; * Advising on domestic and international financial,
monetary In a 1786 James Gillray caricature, the plentiful money bags handed to King George III are contrasted with the beggar whose legs and arms were amputated, in the left corner">174x174px Money is any item or verifiable record that is generally a ...

monetary
,
economic An economy (; ) is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services by different a ...
, trade and tax policy (
fiscal policy In economics Economics () is the social science that studies how people interact with value; in particular, the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods ...

fiscal policy
being the sum of these); * Enforcing federal finance and tax laws; * Investigating and prosecuting tax evaders; * Publishing statistical reports. With respect to the estimation of revenues for the
executive branch The executive is the branch of government exercising authority in and holding Moral responsibility, responsibility for the governance of a State (polity), state. The executive executes and enforces law. In political systems based on the princi ...
, Treasury serves a purpose parallel to that of the
Office of Management and Budget The Office of Management and Budget (OMB) is the largest office within the Executive Office of the President of the United States The Executive Office of the President (EOP) comprises the offices and agencies that support the work of the pres ...
for the estimation of spending for the executive branch, the
Joint Committee on Taxation The Joint Committee on Taxation (JCT) is a Committee of the U.S. Congress established under the Internal Revenue Code The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law ...
for the estimation of revenues for Congress, and the
Congressional Budget Office The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that mana ...
for the estimation of spending for Congress. From 1830 until 1901, responsibility for overseeing
weights and measures A unit of measurement is a definite magnitude of a quantity, defined and adopted by convention or by law, that is used as a standard for measurement of the same kind of quantity. Any other quantity of that kind can be expressed as a multi ...
was carried out by the Office of Standard Weights and Measures under the auspices of the Treasury Department.Records of the National Institute of Standards and Technology (NIST)
National Archives website, (Record Group 167), 1830–1987.
After 1901, responsibility was assigned to the agency that subsequently became known as the
National Institute of Standards and Technology The National Institute of Standards and Technology (NIST) is a physical sciences Physical science is a branch of natural science that studies abiotic component, non-living systems, in contrast to life science. It in turn has many branches, ea ...
.


Organization

The Department of the Treasury is organized into two major components: the departmental offices and the operating bureaus. The departmental offices are 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.


Structure

*
Secretary of the Treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, which is concerned with all financial and monetary matters relating to the federal government, and, until 2003, also included several major ...
Treasury Order 101-05
U.S. Dept. of the Treasury. January 10, 2011. Updated April 26, 2011. Accessed November 11, 2012.
** Deputy Secretary of the Treasury ***
Treasurer of the United States The Treasurer of the United States is an official in the United States Department of the Treasury who was originally charged with the receipt and custody of government funds, though many of these functions have been taken over by different burea ...
****
Bureau of Engraving and Printing The Bureau of Engraving and Printing (BEP) is a government agency A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight ...

Bureau of Engraving and Printing
**** United States Mint ***
Under Secretary for Domestic FinanceThe Under Secretary of the Treasury for Domestic Finance is a high-ranking position within United States Department of the Treasury that reports to, advises, and assists the United States Secretary of the Treasury, Secretary of the Treasury and the U ...
DF Org Chart
"The Office of Domestic Finance". U.S. Dept. of the Treasury. October 2011. Accessed November 11, 2012.
**** Assistant Secretary for Financial Institutions *****
Office of Financial InstitutionsThe Office of Financial Institutions (OFI) is an agency of the United States federal government in the United States Department of the Treasury. OFI coordinates the department's efforts regarding financial institutions legislation and regulation, l ...
**** Assistant Secretary for Financial Markets *****
Office of Financial MarketsThe Office of Financial Markets is an office of the United States federal government in the United States Department of the Treasury. OFM serves as the department's advisor on broad matters of domestic finance, financial markets, Federal, State and l ...
**** Fiscal Assistant Secretary *****
Office of Fiscal ServiceThe Office of Fiscal Service (OFS) is an agency of the United States federal government in the United States Department of the Treasury. The office is led by the Fiscal Assistant Secretary of the Treasury. The Fiscal Assistant Secretary reports to th ...
*****
Bureau of the Fiscal Service The Bureau of the Fiscal Service (Fiscal Service) is a bureau of the United States Department of the Treasury, U.S. Department of the Treasury. The Fiscal Service replaced the Bureau of the Public Debt and the Financial Management Service effective ...
*** Under Secretary for International AffairsInternational Affairs
"About International Affairs". U.S. Dept. of the Treasury. February 14, 2012. Accessed November 11, 2012.
**** Assistant Secretary for International Markets and Development **** Assistant Secretary for International Affairs **** Assistant Secretary of the Treasury for Investment Security **** Office of Environment and Energy ***
Under Secretary for Terrorism and Financial IntelligenceThe Under Secretary for Terrorism and Financial Intelligence is a position within the United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury of the federal government of the United States ...
(
Office of Terrorism and Financial IntelligenceThe Office of Terrorism and Financial Intelligence (TFI), formed in 2004, is an agency of the United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury of the federal government of the United States ...
)Terrorism and Financial Intelligence
"About Terrorism and Financial Intelligence". U.S. Dept. of the Treasury. July 2, 2012. Accessed November 11, 2012.
**** Assistant Secretary for Terrorist Financing *****
Office of Terrorist Financing and Financial Crimes The Office of Terrorist Finance and Financial Crimes (TFFC) is an agency of the United States federal government The federal government of the United States (U.S. federal government) is the national government of the United States ...
**** Assistant Secretary for Intelligence and Analysis ***** Office of Intelligence and Analysis ****
Financial Crimes Enforcement Network The Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat domestic and international money laundering, ter ...
****
Office of Foreign Assets Control The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and Foreign policy ...
****
Treasury Executive Office for Asset ForfeitureThe Treasury Executive Office for Asset Forfeiture (TEOAF) is an agency of the United States federal government in the United States Department of the Treasury. TEOAF is responsible for administering the Treasury Forfeiture Fund (TFF). The TFF was ...
***
Assistant Secretary of the Treasury for ManagementThe Assistant Secretary of the Treasury for Management, Chief Financial Officer, and Chief Performance Officer (ASM/CFO/CPO) is the principal policy advisor to the Secretary and United States Deputy Secretary of the Treasury, Deputy Secretary on th ...
/ Chief Financial Officer / Performance Improvement Officer *** Assistant Secretary for Economic Policy *** Assistant Secretary for Legislative Affairs *** Assistant Secretary for Public Affairs/Director of policy planning *** Assistant Secretary for Tax Policy *** Climate Counselor ****
Alcohol and Tobacco Tax and Trade Bureau The Alcohol and Tobacco Tax and Trade Bureau, statutorily named the Tax and Trade Bureau and frequently shortened to TTB, is a bureau of the United States Department of the Treasury, which regulates and collects taxes on trade and imports of alcoho ...
***
Commissioner of Internal Revenue The Commissioner of Internal Revenue is the head of the Internal Revenue Service The Internal Revenue Service (IRS) is the revenue service of the United States federal government responsible for collecting taxes and administering the Inte ...
****
Internal Revenue Service The Internal Revenue Service (IRS) is the revenue service of the United States federal government responsible for collecting taxes and administering the Internal Revenue Code The Internal Revenue Code (IRC), formally the Internal Revenue C ...
***
Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter A charter is the grant of author ...
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Office of Financial Research The Office of Financial Research (OFR) is an independent bureau within the United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury of the federal government of the United States The fed ...
*** Office of the General Counsel ***
Office of the Inspector General In the United States The United States of America (USA), commonly known as the United States (U.S. or US), or America, is a country Contiguous United States, primarily located in North America. It consists of 50 U.S. state, states, a Wash ...
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Treasury Inspector General for Tax Administration A treasury is either *A government department related to finance and taxation, a Finance minister, finance ministry. *A place or location where treasure, such as currency or precious items are kept. These can be State ownership, state or roya ...
(TIGTA)


Bureaus


Budget and staffing

The Treasury Department has authorized a budget for Fiscal Year 2015 of $22.6 billion. The budget authorization is broken down as follows:


Freedom of Information Act processing performance

In the latest Center for Effective Government analysis of the fifteen federal agencies that receive the most Freedom of Information Act (United States), Freedom of Information Act FOIA requests, published in 2015 (using 2012 and 2013 data, the most recent years available), the treasury failed to earn a satisfactory overall grade.
Making the Grade: Access to Information Scorecard 2015
', March 2015, 80 pages, Center for Effective Government, retrieved March 21, 2016


See also

* Federal Reserve System * MicroLoan Program * Title 12 of the Code of Federal Regulations * Title 17 of the Code of Federal Regulations * Title 19 of the Code of Federal Regulations * Title 31 of the Code of Federal Regulations * Treasury Enterprise Architecture Framework * Treasury Information System Architecture Framework


Notes and references


External links

*
Department of the Treasury
on Federal Funding Accountability and Transparency Act of 2006, USAspending.gov
Department of the Treasury
in the ''Federal Register''
Map of Major Foreign Holders Of Treasury Securities 2009

Annual Reports of the Secretary of the Treasury on the State of Finances
– These annual reports also contain the reports of the many departments of the Treasury, including the Bureau of the Mint, Bureau of Engraving and Printing, Bureau of Customs, Office of the Comptroller of the Currency, Secret Service, and the Internal Revenue Service. *
Act to establish the Treasury Department. 1st Congress, 1st Session, Ch. 12, 1 Stat. 65
{{DEFAULTSORT:United States Department Of The Treasury United States Department of the Treasury, United States federal executive departments, Treasury 1789 establishments in the United States Finance ministries Financial regulatory authorities of the United States Ministries established in 1789 Robert Mills buildings