United States Secretary of the Treasury
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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.
From the U.S. Department of the Treasury website:
- "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."
The Secretary along with the
Treasurer must sign
Federal Reserve notes before they can become legal tender.
Secretaries of the Treasury
| No.
| Name
| Term of Office
| President(s) served under
|
| 1
| Alexander Hamilton
| September 11, 1789
| January 31, 1795
| George Washington
|
| 2
| Oliver Wolcott, Jr.
| February 3, 1795
| December 31, 1800
| George Washington, John Adams
|
| 3
| Samuel Dexter
| January 1, 1801
| May 13, 1801
| John Adams, Thomas Jefferson
|
| 4
| Albert Gallatin
| May 14, 1801
| February 8, 1814
| Thomas Jefferson, James Madison
|
| 5
| George W. Campbell
| February 9, 1814
| October 5, 1814
| James Madison
|
| 6
| Alexander J. Dallas
| October 6, 1814
| October 21, 1816
| James Madison
|
| 7
| William H. Crawford
| October 22, 1816
| March 6, 1825
| James Madison, James Monroe
|
| 8
| Richard Rush
| March 7, 1825
| March 5, 1829
| John Quincy Adams
|
| 9
| Samuel D. Ingham
| March 6, 1829
| June 20, 1831
| Andrew Jackson
|
| 10
| Louis McLane
| August 8, 1831
| May 28, 1833
| Andrew Jackson
|
| 11
| William J. Duane
| May 29, 1833
| September 22, 1833
| Andrew Jackson
|
| 12
| Roger B. Taney
| September 23, 1833
| June 25, 1834
| Andrew Jackson
|
| 13
| Levi Woodbury
| July 1, 1834
| March 3, 1841
| Andrew Jackson, Martin Van Buren
|
| 14
| Thomas Ewing
| March 4, 1841
| September 11, 1841
| William Henry Harrison, John Tyler
|
| 15
| Walter Forward
| September 13, 1841
| March 1, 1843
| John Tyler
|
| 16
| John C. Spencer
| March 8, 1843
| May 2, 1844
| John Tyler
|
| 17
| George M. Bibb
| July 4, 1844
| March 7, 1845
| John Tyler
|
| 18
| Robert J. Walker
| March 8, 1845
| March 5, 1849
| James Knox Polk
|
| 19
| William M. Meredith
| March 8, 1849
| July 22, 1850
| Zachary Taylor
|
| 20
| Thomas Corwin
| July 23, 1850
| March 6, 1853
| Millard Fillmore
|
| 21
| James Guthrie
| March 7, 1853
| March 6, 1857
| Franklin Pierce
|
| 22
| Howell Cobb
| March 7, 1857
| December 8, 1860
| James Buchanan
|
| 23
| Philip Thomas
| December 12, 1860
| January 14, 1861
| James Buchanan
|
| 24
| John Adams Dix
| January 15, 1861
| March 6, 1861
| James Buchanan
|
| 25
| Salmon P. Chase
| March 7, 1861
| June 30, 1864
| Abraham Lincoln
|
| 26
| William P. Fessenden
| July 5, 1864
| March 3, 1865
| Abraham Lincoln
|
| 27
| Hugh McCulloch
| March 9, 1865
| March 3, 1869
| Abraham Lincoln, Andrew Johnson
|
| 28
| George S. Boutwell
| March 12, 1869
| March 16, 1873
| Ulysses S. Grant
|
| 29
| William A. Richardson
| March 17, 1873
| June 3, 1874
| Ulysses S. Grant
|
| 30
| Benjamin H. Bristow
| June 4, 1874
| June 20, 1876
| Ulysses S. Grant
|
| 31
| Lot M. Morrill
| July 7, 1876
| March 9, 1877
| Ulysses S. Grant, Rutherford B. Hayes
|
| 32
| John Sherman
| March 10, 1877
| March 3, 1881
| Rutherford B. Hayes
|
| 33
| William Windom
| March 8, 1881
| November 13, 1881
| James A. Garfield, Chester A. Arthur
|
| 34
| Charles J. Folger
| November 14, 1881
| September 4, 1884
| Chester A. Arthur
|
| 35
| Walter Q. Gresham
| September 5, 1884
| October 30, 1884
| Chester A. Arthur
|
| 36
| Hugh McCulloch
| October 31, 1884
| March 7, 1885
| Chester A. Arthur, Grover Cleveland
|
| 37
| Daniel Manning
| March 8, 1885
| March 31, 1887
| Grover Cleveland
|
| 38
| Charles S. Fairchild
| April 1, 1887
| March 6, 1889
| Grover Cleveland
|
| 39
| William Windom
| March 7, 1889
| January 29, 1891
| Benjamin Harrison
|
| 40
| Charles Foster
| February 25, 1891
| March 6, 1893
| Benjamin Harrison, Grover Cleveland
|
| 41
| John G. Carlisle
| March 7, 1893
| March 5, 1897
| Grover Cleveland, William McKinley
|
| 42
| Lyman J. Gage
| March 6, 1897
| January 31, 1902
| William McKinley, Theodore Roosevelt
|
| 43
| L.M. Shaw
| February 1, 1902
| March 3, 1907
| Theodore Roosevelt
|
| 44
| George B. Cortelyou
| March 4, 1907
| March 7, 1909
| Theodore Roosevelt
|
| 45
| Franklin MacVeagh
| March 8, 1909
| March 5, 1913
| William Howard Taft
|
| 46
| William G. McAdoo
| March 6, 1913
| December 15, 1918
| Woodrow Wilson
|
| 47
| Carter Glass
| December 16, 1918
| February 1, 1920
| Woodrow Wilson
|
| 48
| David F. Houston
| February 2, 1920
| March 3, 1921
| Woodrow Wilson
|
| 49
| Andrew W. Mellon
| March 4, 1921
| February 12, 1932
| Warren G. Harding, Calvin Coolidge, Herbert Hoover
|
| 50
| Ogden L. Mills
| February 13, 1932
| March 4, 1933
| Herbert Hoover
|
| 51
| William H. Woodin
| March 5, 1933
| December 31, 1933
| Franklin D. Roosevelt
|
| 52
| Henry Morgenthau, Jr.
| January 1, 1934
| July 22, 1945
| Franklin D. Roosevelt, Harry S. Truman
|
| 53
| Fred M. Vinson
| July 23, 1945
| June 23, 1946
| Harry S. Truman
|
| 54
| John W. Snyder
| June 25, 1946
| January 20, 1953
| Harry S. Truman
|
| 55
| George M. Humphrey
| January 21, 1953
| July 29, 1957
| Dwight D. Eisenhower
|
| 56
| Robert B. Anderson
| July 29, 1957
| January 20, 1961
| Dwight D. Eisenhower
|
| 57
| C. Douglas Dillon
| January 21, 1961
| April 1, 1965
| John F. Kennedy, Lyndon Johnson
|
| 58
| Henry H. Fowler
| April 1, 1965
| December 20, 1968
| Lyndon Johnson
|
| 59
| Joseph W. Barr
| December 21, 1968
| January 20, 1969
| Lyndon Johnson
|
| 60
| David M. Kennedy
| January 22, 1969
| February 10, 1971
| Richard Nixon
|
| 62
| John B. Connally
| February 11, 1971
| June 12, 1972
| Richard Nixon
|
| 63
| George P. Shultz
| June 12, 1972
| May 8, 1974
| Richard Nixon
|
| 64
| William E. Simon
| May 8, 1974
| January 20, 1977
| Richard Nixon, Gerald Ford
|
| 65
| W. Michael Blumenthal
| January 23, 1977
| August 4, 1979
| Jimmy Carter
|
| 66
| G. William Miller
| August 7, 1979
| January 20, 1981
| Jimmy Carter
|
| 67
| Donald T. Regan
| January 22, 1981
| February 1, 1985
| Ronald Reagan
|
| 68
| James A. Baker, III
| February 4, 1985
| August 17, 1988
| Ronald Reagan
|
| 69
| Nicholas F. Brady
| September 15, 1988
| January 17, 1993
| Ronald Reagan, George H. W. Bush
|
| 70
| Lloyd Bentsen
| January 20, 1993
| December 22, 1994
| Bill Clinton
|
| 71
| Robert Rubin
| January 11, 1995
| July 2, 1999
| Bill Clinton
|
| 72
| Lawrence H. Summers
| July 2, 1999
| January 20, 2001
| Bill Clinton
|
| 73
| Paul H. O'Neill
| January 20, 2001
| December 31, 2002
| George W. Bush
|
| 74
| John W. Snow
| February 3, 2003
| July 3 2006
| George W. Bush
|
| 75
| Henry M. Paulson
| July 3 2006
| present
| George W. Bush
|
Acting Secretaries of the Treasury
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.[
link]
References
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