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The United States of America Secretary of the Treasury is the head of the United States Department of the Treasurymarker, 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 countries. 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 Securitymarker. 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 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 Fundmarker, 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.

Secretaries of the Treasury

: 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.

No. Picture Name State of Residence Term of Office President served under
1 Alexander Hamilton New Yorkmarker September 11, 1789 January 31, 1795 George Washington
2 Oliver Wolcott, Jr. Connecticutmarker February 3, 1795 December 31, 1800 George Washington, John Adams
3 Samuel Dexter Massachusettsmarker January 1, 1801 May 13, 1801 John Adams, Thomas Jefferson
4 Albert Gallatin Pennsylvaniamarker May 14, 1801 February 8, 1814 Thomas Jefferson, James Madison
5 George W. Campbell Tennesseemarker February 9, 1814 October 5, 1814 James Madison
6 Alexander J. Dallas Pennsylvaniamarker October 6, 1814 October 21, 1816
7 William H. Crawford Georgiamarker October 22, 1816 March 6, 1825 James Madison, James Monroe
8 Richard Rush Pennsylvaniamarker March 7, 1825 March 5, 1829 John Quincy Adams
9 Samuel D. Ingham Pennsylvaniamarker March 6, 1829 June 20, 1831 Andrew Jackson
10 Louis McLane Delawaremarker August 8, 1831 May 28, 1833
11 William J. Duane Pennsylvaniamarker May 29, 1833 September 22, 1833
12 Roger B. Taney Marylandmarker September 23, 1833 June 25, 1834
13 Levi Woodbury New Hampshiremarker July 1, 1834 March 3, 1841 Andrew Jackson, Martin Van Buren
14 Thomas Ewing Ohiomarker March 4, 1841 September 11, 1841 William Henry Harrison, John Tyler
15 Walter Forward Pennsylvaniamarker September 13, 1841 March 1, 1843 John Tyler
16 John C. Spencer New Yorkmarker March 8, 1843 May 2, 1844
17 George M. Bibb Kentuckymarker July 4, 1844 March 7, 1845
18 Robert J. Walker Mississippimarker March 8, 1845 March 5, 1849 James Knox Polk
19 William M. Meredith Pennsylvaniamarker March 8, 1849 July 22, 1850 Zachary Taylor
20 Thomas Corwin Ohiomarker July 23, 1850 March 6, 1853 Millard Fillmore
21 James Guthrie Kentuckymarker March 7, 1853 March 6, 1857 Franklin Pierce
22 Howell Cobb Georgiamarker March 7, 1857 December 8, 1860 James Buchanan
23 Philip Thomas Marylandmarker December 12, 1860 January 14, 1861
24 John A. Dix New Yorkmarker January 15, 1861 March 6, 1861
25 Salmon P. Chase Ohiomarker March 7, 1861 June 30, 1864 Abraham Lincoln
26 William P. Fessenden Mainemarker July 5, 1864 March 3, 1865
27 Hugh McCulloch Indianamarker March 9, 1865 March 3, 1869 Abraham Lincoln, Andrew Johnson
28 George S. Boutwell Massachusettsmarker March 12, 1869 March 16, 1873 Ulysses S. Grant
29 William A. Richardson Massachusettsmarker March 17, 1873 June 3, 1874
30 Benjamin Bristow Kentuckymarker June 4, 1874 June 20, 1876
31 Lot M. Morrill Mainemarker July 7, 1876 March 9, 1877 Ulysses S. Grant, Rutherford B. Hayes
32 John Sherman Ohiomarker March 10, 1877 March 3, 1881 Rutherford B. Hayes
33 William Windom Minnesotamarker March 8, 1881 November 13, 1881 James A. Garfield, Chester A. Arthur
34 Charles J. Folger New Yorkmarker November 14, 1881 September 4, 1884 Chester A. Arthur
35 Walter Q. Gresham Indianamarker September 5, 1884 October 30, 1884
36 Hugh McCulloch Indianamarker October 31, 1884 March 7, 1885 Chester A. Arthur, Grover Cleveland
37 Daniel Manning New Yorkmarker March 8, 1885 March 31, 1887 Grover Cleveland
38 Charles S. Fairchild New Yorkmarker April 1, 1887 March 6, 1889
39 William Windom Minnesotamarker March 7, 1889 January 29, 1891 Benjamin Harrison
40 Charles Foster Ohiomarker February 25, 1891 March 6, 1893 Benjamin Harrison, Grover Cleveland
41 John G. Carlisle Kentuckymarker March 7, 1893 March 5, 1897 Grover Cleveland, William McKinley
42 Lyman J. Gage Illinoismarker March 6, 1897 January 31, 1902 William McKinley, Theodore Roosevelt
43 L. M. Shaw Iowamarker February 1, 1902 March 3, 1907 Theodore Roosevelt
44 George B. Cortelyou New Yorkmarker March 4, 1907 March 7, 1909
45 Franklin MacVeagh Illinoismarker March 8, 1909 March 5, 1913 William Howard Taft
46 William Gibbs McAdoo New Yorkmarker March 6, 1913 December 15, 1918 Woodrow Wilson
47 Carter Glass Virginiamarker December 16, 1918 February 1, 1920
48 David F. Houston Missourimarker February 2, 1920 March 3, 1921
49 Andrew W. Mellon Pennsylvaniamarker March 4, 1921 February 12, 1932 Warren G. Harding, Calvin Coolidge, Herbert Hoover
50 Ogden L. Mills New Yorkmarker February 13, 1932 March 4, 1933 Herbert Hoover
51 William H. Woodin New Yorkmarker March 5, 1933 December 31, 1933 Franklin D. Roosevelt
52 Henry Morgenthau, Jr. New Yorkmarker January 1, 1934 July 22, 1945 Franklin D. Roosevelt, Harry S. Truman
53 Fred M. Vinson Kentuckymarker July 23, 1945 June 23, 1946 Harry S. Truman
54 John W. Snyder Missourimarker June 25, 1946 January 20, 1953
55 George M. Humphrey Ohiomarker January 21, 1953 July 29, 1957 Dwight D. Eisenhower
56 Robert B. Anderson Connecticutmarker July 29, 1957 January 20, 1961
57 C. Douglas Dillon New Jerseymarker January 21, 1961 April 1, 1965 John F. Kennedy, Lyndon Johnson
58 Henry H. Fowler Virginiamarker April 1, 1965 December 20, 1968 Lyndon Johnson
59 Joseph W. Barr Indianamarker December 21, 1968 January 20, 1969
60 David M. Kennedy Utahmarker January 22, 1969 February 10, 1971 Richard Nixon
61 John Connally Texasmarker February 11, 1971 June 12, 1972
62 George P. Shultz Illinoismarker June 12, 1972 May 8, 1974
63 William E. Simon New Jerseymarker May 8, 1974 January 20, 1977 Richard Nixon, Gerald Ford
64 W. Michael Blumenthal Michiganmarker January 23, 1977 August 4, 1979 Jimmy Carter
65 G. William Miller Rhode Islandmarker August 7, 1979 January 20, 1981
66 Donald Regan New Jerseymarker January 22, 1981 February 1, 1985 Ronald Reagan
67 James Baker Texasmarker February 4, 1985 August 17, 1988
68 Nicholas F. Brady New Jerseymarker September 15, 1988 January 17, 1993 Ronald Reagan, George H. W. Bush
69 Lloyd Bentsen Texasmarker January 20, 1993 December 22, 1994 Bill Clinton
70 Robert Rubin New Yorkmarker January 11, 1995 July 2, 1999
71 Lawrence Summers Massachusettsmarker July 2, 1999 January 20, 2001
72 Paul O'Neill Pennsylvaniamarker January 20, 2001 December 31, 2002 George W. Bush
73 John W. Snow Virginiamarker February 3, 2003 June 30, 2006
74 Henry Paulson Illinoismarker July 10, 2006 January 20, 2009
75 Timothy Geithner New Yorkmarker January 26, 2009 present Barack Obama


Acting Secretaries of the Treasury

Image:William-Jones.jpg|William JonesImage:Robert Kimmitt, official Treasury photo.jpg|Robert KimmittImage:Stuart Levey.jpg|Stuart Levey

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.[7147]

Living Former Secretaries of the Treasury



References




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