Department of the Treasury (The Treasury; DOT) (Federal Agency Profiles)
ESTABLISHED: September 2, 1789
ADDRESS: 1500 Pennsylvania Ave. NW Washington, DC 20220
PHONE: (202) 622-2000
SECRETARY OF THE TREASURY: Robert E. Rubin
WHAT IS ITS MISSION?
The stated mission of the Department of the Treasury (DOT) is "to formulate and recommend economic, fiscal and tax policies; serve as financial agent of the U.S. government; enforce the law; protect the President and other officials; and manufacture coins and currency." As the chief banking and economic institution of the federal government, it plays a critical role in the success of economic activities in both the private and public sectors.
HOW IS IT STRUCTURED?
The Department of the Treasury is composed of two main brancheshe Office of the Secretary and the bureaus. The secretary of the treasury is the chief financial officer of all offices and bureaus of the Treasury and a high-ranking cabinet officer who counsels the president of the United States on financial matters. As the second-highest ranking cabinet officer, the...
(The entire section is 3697 words.)
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Treasury Department (West's Encyclopedia of American Law)
The U.S. Department of the Treasury performs four basic functions: formulating and recommending economic, financial, tax, and fiscal policies; serving as financial agent for the U.S. government; enforcing the law; and manufacturing coins and currency. The Treasury Department was created by an act of September 2, 1789 (31 U.S.C.A. § 301). Many subsequent acts have affected the development of the department and created its numerous bureaus and divisions. On March 1, 2003, the newly-created HOMELAND SECURITY DEPARTMENT took control of several treasury divisions: the U.S. Customs Service, the SECRET SERVICE, and the Federal Law Enforcement Training Center.
Secretary of the Treasury
As a major policy adviser to the president, the secretary of the treasury has primary responsibility 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 also oversees the activities of the department in carrying out its major law enforcement responsibility, serving as the financial agent for the U.S. government, and manufacturing coins, currency, and other products for customer agencies.
In addition, the secretary has many responsibilities as chief financial officer of the...
(The entire section is 1953 words.)