Secretary_of_the_Treasury

From Wikipedia, the free encyclopedia United States Secretary of the Treasury United States Secretary of the Treasury United States Secretary of the Treasury Official Seal Incumbent: Timothy Geithner since: January 26, 2009 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." The Secretary along with the Treasurer must sign Federal Reserve notes before they can become legal tender. The Secretary also manages the United States Emergency Economic Stabilization fund. The current Secretary of the Treasury is Timothy Geithner. The Secretary of the Treasury earns $191,300 per year. First Formation Presidential succession Website Alexander Hamilton September 11, 1789 Fifth www.treasury.gov The United States Secretary of the Treasury is the head of the United States Department of the Treasury, concerned with finance and monetary matters, and, until 2003, some issues of national security and defense. This position in the Federal Government of the United States is analogous to the finance ministers of other nations. Most of the Department’s law enforcement agencies such as the ATF, Customs Service, and Secret Service were reassigned to other Departments in 2003 in conjunction with the creation of the Department of Homeland Security. The Secretary is a member of the President’s Cabinet and, since the Clinton years, has sat on the United States National Security Council. The Secretary of the Treasury is fifth in the United States presidential line of succession. From the U.S. Department of the Treasury website: "The Secretary of the Treasury is the principal economic advisor to the Secretaries of the Treasury 1 From Wikipedia, the free encyclopedia United States Secretary of the Treasury • Because of the resignation of Deputy Secretary of the Treasury Roger Altman in August 1994, Under Secretary of Treasury for Domestic Finance Frank Newman served from December 22, 1994, to January 11, 1995 as Acting Secretary of the Treasury. • Deputy Secretary of the Treasury Kenneth W. Damn served as Acting Secretary of the Treasury from December 31, 2002, to February 3, 2003. • Deputy Secretary of the Treasury Robert Kimmitt served as Acting Secretary of the Treasury from June 30, 2006, to July 9, 2006. • Under Secretary for Terrorism and Financial Intelligence Stuart Levey served as Acting Secretary of the Treasury from January 20, 2009, until the confirmation of Timothy Geithner, which occurred January 26, 2009. If both the Secretary and the Deputy Secretary of the Treasury are unable to carry out the duties of the office of Secretary of the Treasury, then whichever Treasury official of Under Secretary rank sworn in earliest assumes the role of Acting Secretary. Positions listed on the Department of the Treasury website include the Under Secretary for Domestic Finance, the Under Secretary for International Affairs, and the Under Secretary for Terrorism and Financial Intelligence. This has been the case since 2001, when President George W. Bush modified the line of succession.[1] Peale portrait of Robert Morris Note: Robert Morris was the first person appointed Secretary of the Treasury by George Washington, but Morris declined this office; thus the first Secretary of the Treasury was Alexander Hamilton, who was appointed at Morris’s suggestion. Morris had held a similar position as Superintendent of Finance under the Continental Congress. From 1784 to 1789, the confederation’s finances were overseen by a three-member Treasury Board.[1] Acting Secretaries of the Treasury Living Former Secretaries of the Treasury • • • • • • • • • George Pratt Shultz W. Michael Blumenthal James Addison Baker III Nicholas Frederick Brady Robert Edward Rubin Lawrence Henry Summers Paul Henry O’Neill John William Snow Henry Paulson William Jones Stuart Levey Robert Kimmitt • William Jones served as acting secretary between the resignation of Alexander J. Dallas and appointment of William H. Crawford. References [1] http://www.ustreas.gov/education/ history/brochure/history.shtml • "Secretaries of the Treasury". History of the Treasury. United States Department of 2 From Wikipedia, the free encyclopedia No. Picture Name United States Secretary of the Treasury State of Residence New York Term of Office President(s) served under George Washington 1 Alexander Hamilton September January 11, 1789 31, 1795 February 3, 1795 2 Oliver Wolcott, Jr. Connecticut December George 31, 1800 Washington, John Adams John Adams, Thomas Jefferson Thomas Jefferson, James Madison 3 Samuel Dexter Massachusetts January 1, May 13, 1801 1801 4 Albert Gallatin Pennsylvania May 14, 1801 February 9, 1814 February 8, 1814 5 George W. Campbell Tennessee October 5, James 1814 Madison 6 Alexander J. Dallas Pennsylvania October 6, October 1814 21, 1816 7 William H. Crawford Georgia October 22, 1816 March 6, 1825 James Madison, James Monroe John Quincy Adams 8 Richard Rush Pennsylvania March 7, 1825 March 5, 1829 9 Samuel D. Ingham Pennsylvania March 6, 1829 June 20, 1831 Andrew Jackson 10 Louis McLane Delaware August 8, 1831 May 28, 1833 11 William J. Duane Pennsylvania May 29, 1833 September 22, 1833 12 Roger B. Taney Maryland September June 25, 23, 1833 1834 3 From Wikipedia, the free encyclopedia 13 Levi Woodbury United States Secretary of the Treasury New Hampshire July 1, 1834 March 3, 1841 Andrew Jackson, Martin Van Buren 14 Thomas Ewing Ohio March 4, 1841 September William 11, 1841 Henry Harrison, John Tyler John Tyler 15 Walter Forward Pennsylvania September March 1, 13, 1841 1843 16 John C. Spencer New York March 8, 1843 May 2, 1844 17 George M. Bibb Kentucky July 4, 1844 March 7, 1845 18 Robert J. Walker Mississippi March 8, 1845 March 5, 1849 James Knox Polk 19 William M. Meredith Pennsylvania March 8, 1849 July 22, 1850 Zachary Taylor 20 Thomas Corwin Ohio July 23, 1850 March 6, 1853 Millard Fillmore 21 James Guthrie Kentucky March 7, 1853 March 6, 1857 Franklin Pierce 22 Howell Cobb Georgia March 7, 1857 December James 8, 1860 Buchanan 23 Philip Thomas Maryland December January 12, 1860 14, 1861 24 John A. Dix New York January 15, 1861 March 6, 1861 4 From Wikipedia, the free encyclopedia 25 Salmon P. Chase United States Secretary of the Treasury Ohio March 7, 1861 July 5, 1864 June 30, 1864 March 3, 1865 Abraham Lincoln 26 William P. Fessenden Maine 27 Hugh McCulloch Indiana March 9, 1865 March 3, 1869 Abraham Lincoln, Andrew Johnson 28 George S. Boutwell Massachusetts March 12, March 16, Ulysses S. 1869 1873 Grant 29 William A. Richardson Massachusetts March 17, June 3, 1873 1874 30 Benjamin Bristow Kentucky June 4, 1874 June 20, 1876 31 Lot M. Morrill Maine July 7, 1876 March 9, 1877 Ulysses S. Grant, Rutherford B. Hayes Rutherford B. Hayes 32 John Sherman Ohio March 10, March 3, 1877 1881 33 William Windom Minnesota March 8, 1881 November James A. 13, 1881 Garfield, Chester A. Arthur 34 Charles J. Folger New York November September Chester A. 14, 1881 4, 1884 Arthur 35 Walter Q. Gresham Indiana September October 5, 1884 30, 1884 36 Hugh McCulloch Indiana October 31, 1884 March 7, 1885 Chester A. Arthur, Grover Cleveland 5 From Wikipedia, the free encyclopedia 37 Daniel Manning United States Secretary of the Treasury New York March 8, 1885 March 31, Grover 1887 Cleveland 38 39 Charles S. Fairchild William Windom New York Minnesota April 1, 1887 March 7, 1889 February 25, 1891 March 6, 1889 January 29, 1891 March 6, 1893 Benjamin Harrison Benjamin Harrison, Grover Cleveland Grover Cleveland, William McKinley William McKinley, Theodore Roosevelt Theodore Roosevelt 40 Charles Foster Ohio 41 John G. Carlisle Kentucky March 7, 1893 March 5, 1897 42 Lyman J. Gage Illinois March 6, 1897 January 31, 1902 43 L. M. Shaw Iowa February 1, 1902 March 3, 1907 44 George B. Cortelyou New York March 4, 1907 March 7, 1909 45 Franklin MacVeagh Illinois March 8, 1909 March 5, 1913 William Howard Taft 46 William Gibbs McAdoo New York March 6, 1913 December Woodrow 15, 1918 Wilson 47 Carter Glass Virginia December February 16, 1918 1, 1920 February 2, 1920 March 4, 1921 March 3, 1921 February 12, 1932 Warren G. Harding, Calvin Coolidge, Herbert Hoover 48 David F. Houston Missouri 49 Andrew W. Mellon Pennsylvania 6 From Wikipedia, the free encyclopedia 50 Ogden L. Mills United States Secretary of the Treasury New York February 13, 1932 March 4, 1933 Herbert Hoover 51 William H. Woodin New York March 5, 1933 December Franklin D. 31, 1933 Roosevelt 52 Henry Morgenthau, Jr. New York January 1, July 22, 1934 1945 Franklin D. Roosevelt, Harry S. Truman Harry S. Truman 53 Fred M. Vinson Kentucky July 23, 1945 June 23, 1946 54 John W. Snyder Missouri June 25, 1946 January 20, 1953 55 George M. Humphrey Ohio January 21, 1953 July 29, 1957 Dwight D. Eisenhower 56 Robert B. Anderson Connecticut July 29, 1957 January 20, 1961 57 C. Douglas Dillon New Jersey January 21, 1961 April 1, 1965 John F. Kennedy, Lyndon Johnson 58 Henry H. Fowler Virginia April 1, 1965 December Lyndon 20, 1968 Johnson 59 Joseph W. Barr Indiana December January 21, 1968 20, 1969 7 From Wikipedia, the free encyclopedia 60 David M. Kennedy United States Secretary of the Treasury Utah January 22, 1969 February 10, 1971 Richard Nixon 61 John Connally Texas February 11, 1971 June 12, 1972 62 George P. Shultz Illinois June 12, 1972 May 8, 1974 63 William E. Simon New Jersey May 8, 1974 January 20, 1977 Richard Nixon, Gerald Ford Jimmy Carter 64 W. Michael Blumenthal Michigan January 23, 1977 August 4, 1979 65 G. William Miller Rhode Island August 7, 1979 January 20, 1981 66 Donald Regan New Jersey January 22, 1981 February 1, 1985 Ronald Reagan 67 James Baker Texas February 4, 1985 August 17, 1988 68 Nicholas F. Brady New Jersey September January 15, 1988 17, 1993 Ronald Reagan, George H. W. Bush 8 From Wikipedia, the free encyclopedia 69 Lloyd Bentsen United States Secretary of the Treasury Texas January 20, 1993 December Bill Clinton 22, 1994 70 Robert Rubin New York January 11, 1995 July 2, 1999 71 Lawrence Summers Massachusetts July 2, 1999 January 20, 2001 72 Paul O’Neill Pennsylvania January 20, 2001 December George W. 31, 2002 Bush 73 John W. Snow Virginia February 3, 2003 June 30, 2006 74 Henry Paulson Illinois July 10, 2006 January 20, 2009 75 Timothy Geithner New York January 26, 2009 present Barack Obama the Treasury. http://www.ustreas.gov/ education/history/secretaries/. Retrieved on 2006-04-09. Retrieved from "http://en.wikipedia.org/wiki/United_States_Secretary_of_the_Treasury" Categories: Lists of government ministers, United States Department of the Treasury, United States Executive Cabinet This page was last modified on 10 May 2009, at 01:23 (UTC). All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S. registered 501(c)(3) taxdeductible nonprofit charity. Privacy policy About Wikipedia Disclaimers 9