Portal:Department of the Treasury
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, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and minting coins, while the treasury executes currency circulation in the domestic fiscal system. It 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 matters of 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, who was sworn into office on September 11, 1789. Hamilton was appointed by President George Washington on the recommendation of Robert Morris, 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 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.
Section 1
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[1]
- Deputy Secretary of the Treasury
- Treasurer of the United States
- Under Secretary for Domestic Finance[2]
- Under Secretary for International Affairs[3]
- Assistant Secretary for International Markets and Development
- Assistant Secretary for International Finance
- Assistant Secretary of the Treasury for Investment Security[4]
- Office of Environment and Energy[5]
- Under Secretary for Terrorism and Financial Intelligence (Office of Terrorism and Financial Intelligence)[6]
- Assistant Secretary of the Treasury for Management / Chief Financial Officer / Performance Improvement Officer
- Office of Small and Disadvantaged Business Utilization
- Office of Privacy, Transparency, and Records
- Chief Information Officer
- Assistant Secretary for Economic Policy
- Assistant Secretary for Legislative Affairs
- Assistant Secretary for Public Affairs
- Assistant Secretary for Tax Policy
- Climate Counselor[7]
- Commissioner of Internal Revenue
- Office of the Comptroller of the Currency
- Office of Financial Research
- Office of the General Counsel
- Office of the Inspector General
- Treasury Inspector General for Tax Administration (TIGTA)
- Chief Recovery Officer
- Deputy Secretary of the Treasury
Bureaus
| Bureau | Description |
| Alcohol and Tobacco Tax and Trade Bureau (TTB) | The Alcohol and Tobacco Tax and Trade Bureau (TTB) is responsible for enforcing and administering laws covering the production, use, and distribution of alcohol and tobacco products. TTB also collects excise taxes for firearms and ammunition. |
| Bureau of Engraving & Printing (BEP) | The Bureau of Engraving & Printing (BEP) designs and manufactures U.S. currency, securities, and other official certificates and awards. |
| Bureau of the Fiscal Service | The Bureau of the Fiscal Service was formed from the consolidation of the Financial Management Service and the Bureau of the Public Debt. Its mission is to promote the financial integrity and operational efficiency of the U.S. government through exceptional accounting, financing, collections, payments, and shared services. |
| Community Development Financial Institution (CDFI) Fund | The Community Development Financial Institution (CDFI) Fund was created to expand the availability of credit, investment capital, and financial services in distressed urban and rural communities. |
| Financial Crimes Enforcement Network (FinCEN) | The Financial Crimes Enforcement Network (FinCEN) supports law enforcement investigative efforts and fosters interagency and global cooperation against domestic and international financial crimes. It also provides U.S. policymakers with strategic analyses of domestic and worldwide trends and patterns. |
| Inspector General | The Inspector General conducts independent audits, investigations and reviews to help the Treasury Department accomplish its mission; improve its programs and operations; promote economy, efficiency and effectiveness; and prevent and detect fraud and abuse. |
| Treasury Inspector General for Tax Administration (TIGTA) | The Treasury Inspector General for Tax Administration (TIGTA) provides leadership and coordination and recommends policy for activities designed to promote economy, efficiency, and effectiveness in the administration of the internal revenue laws. TIGTA also recommends policies to prevent and detect fraud and abuse in the programs and operations of the IRS and related entities. |
| Internal Revenue Service | The Internal Revenue Service (IRS) is the largest of Treasury's bureaus. It is responsible for determining, assessing, and collecting internal revenue in the United States. |
| Office of the Comptroller of the Currency (OCC) | The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises national banks to ensure a safe, sound, and competitive banking system that supports the citizens, communities, and economy of the United States. |
| U.S. Mint | The U.S. Mint designs and manufactures domestic, bullion and foreign coins as well as commemorative medals and other numismatic items. The Mint also distributes U.S. coins to the Federal Reserve banks as well as maintains physical custody and protection of the nation's silver and gold assets. |
Section 2
- Social Impact Partnership To Pay For Results Act (SIPPRA) - https://home.treasury.gov/services/treasury-financial-assistance/other-major-programs
- Security Summit - unique public-private partnership formed in 2015 to protect taxpayers and the tax system against identity theft refund fraud - https://www.irs.gov/newsroom/security-summit
Two-Column Section 30
Wide Section 40
Narrow Section 45
Extra Wide Section 50
Extra Narrow Section 55
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- ↑ Treasury Order 101-05 Archived March 19, 2021, at the Wayback Machine, U.S. Dept. of the Treasury. January 10, 2011. Updated April 26, 2011. Accessed November 11, 2012.
- ↑ DF Org Chart Archived January 16, 2022, at the Wayback Machine, "The Office of Domestic Finance". U.S. Dept. of the Treasury. October 2011. Accessed November 11, 2012.
- ↑ International Affairs Archived June 22, 2016, at the Wayback Machine, "About International Affairs". U.S. Dept. of the Treasury. February 14, 2012. Accessed November 11, 2012.
- ↑ "Officials | U.S. Department of the Treasury". https://home.treasury.gov/about/general-information/officials.
- ↑ "Environment and Energy" (in en-us). https://www.treasury.gov/about/organizational-structure/offices/Pages/Environment-and-Energy.aspx.
- ↑ Terrorism and Financial Intelligence Archived September 5, 2015, at the Wayback Machine, "About Terrorism and Financial Intelligence". U.S. Dept. of the Treasury. July 2, 2012. Accessed November 11, 2012.
- ↑ "Treasury Announces Coordinated Climate Policy Strategy with New Treasury Climate Hub and Climate Counselor | U.S. Department of the Treasury". https://home.treasury.gov/news/press-releases/jy0134.