Anonymous asked in Politics & GovernmentGovernment · 1 decade ago

Why is there a secretary of the treasury and a treasurer of the U.S. on U.S. currency?

1 Answer

  • 1 decade ago
    Favorite Answer

    The office of Treasurer of the United States is the only Treasury office older than the Department itself. The Treasurer was originally charged with the receipt and custody of government funds, though many of these functions have been taken over by different Treasury Bureaus

    The Secretary of the Treasury 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 Treasury Department in carrying out his major law enforcement responsibilities; in serving as the financial agent for the U.S. Government; and in manufacturing coins and currency.

    The chief financial officer of the Government, the Secretary of the Treasury serves on the President's National Economic Council. He is also Chairman of the Boards and Managing Trustee of the Social Security and Medicare Trust Funds, Chairman of the Thrift Depositor Protection Oversight Board, and serves 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, the African Development Bank, and the European Bank for Reconstruction and Development.

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