United States Secretary of the Treasury

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The United States Secretary of the Treasury is the head of the Department of the Treasury. The current Secretary of the Treasury is Timothy Geithner, who was nominated by President Barack Obama on November 21, 2008 and confirmed by the Senate on January 26, 2009.

The Secretary of the Treasury is a member of the President's United States Cabinet. Alexander Hamilton was the first Secretary, selected by President George Washington in 1789.

Duties

The Secretary of the Treasury is the principal economic advisor to the President and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the government. The Secretary 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 Department in carrying out its major law enforcement responsibilities; in serving as the financial agent for the United States Government; and in manufacturing coins and currency.
The Chief Financial Officer of the government, the Secretary serves as Chairman Pro Tempore of the President's Economic Policy Council, Chairman of the Boards and Managing Trustee of the Social Security and Medicare Trust Funds, and as U.S. Governor of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development.[1]

In order for Federal Reserve notes (e.g. paper money) to become legal tender they must be signed by both the Secretary of the Treasury and the Treasurer.

List of Secretaries of the Treasury

Name Years
Alexander Hamilton 1789-1793
Oliver Wolcott 1795-1800
Samuel Dexter 1801
Albert Gallatin 1801-1814
George Campbell 1814
Alexander Dallas 1814-1816
William Crawford 1816-1825
Richard Rush 1825-1829
Samuel Ingham 1829-1831
Louis McLane 1831-1833
William Duane 1833
Roge Taney 1833-1834
Levi Woodbury 1834-1841
Thomas Ewing 1841
Walter Forward 1841-1843
John Spencer 1843-1844
George Bibb 1844-1845
Robert Walker 1845-1849
William Meredith 1849-1850
Thomas Corwin 1850-1853
James Guthrie 1853-1857
Howell Cobb 1857-1860
Philip Thomas 1860-1861
John Dix 1861
Salmon P. Chase 1861-1864
William Fessenden 1864-1865
Hugh McCulloch 1865-1869, 1884-1885
George Boutwell 1869-1873
William Richardson 1873-1874
Benjamin Bristow 1874-1876
Lot Morrill 1876-1877
John Sherman 1877-1881
William Windom 1881, 1889-1891
Charles Folger 1881-1884
Walter Gresham 1884
Daniel Manning 1885-1887
Charles Fairchild 1887-1889
Charles Foster 1891-1893
John Carlisle 1893-1897
Lyman Gage 1897-1902
Leslie Shaw 1902-1907
George Cortelyou 1907-1909
Franklin MacVeigh 1909-1913
William McAdoo 1913-1918
Carter Glass 1918-1920
David Houston 1920-1921
Andrew Mellon 1921-1932
Ogden Mills 1932-1933
William Woodin 1933
Heny Morgenthau 1934-1945
Fred Vinson 1945-1946
John Snyder 1946-1953
George Humphrey 1953-1957
Robert Anderson 1957-1961
C. Douglas Dillon 1961-1965
Henry Fowler 1965-1968
Joseph Barr 1968-1969
David Kennedy 1969-1971
John Connally 1971-1972
George P. Shultz 1972-1974
William Simon 1974-1977
W. Michael Blumenthal 1977-1979
G. William Miller 1979-1981
Donald Regan 1981-1985
James Baker 1985-1988
Nicholas Brady 1988-1993
Lloyd Bentsen 1993-1994
Robert E. Rubin 1995-1999
Lawrence Summers 1999-2001
Paul O'Neill 2001-2002
John Snow 2003-2006
Henry M. Paulson 2006-2009
Timothy Geithner 2009-present


References

  1. Duties & Functions
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