FANDOM


United States
Secretary of the Treasury
US-DeptOfTheTreasury-Seal
Official Seal

Timothy Geithner Treasury

Incumbent:
Timothy Geithner
since: January 26, 2009
First Alexander Hamilton
Formation September 11, 1789
Presidential
succession
Fifth
Website 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 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.[citation needed] 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 TreasuryEdit

Robert morris portrait

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]


No. Picture Name State of Residence Term of Office President(s) served under
1 Hamilton small Alexander Hamilton New York September 11, 1789 January 31, 1795 George Washington
2 Wolcott Jr Oliver Wolcott, Jr. Connecticut February 3, 1795 December 31, 1800 George Washington, John Adams
3 Samuel Dexter Samuel Dexter Massachusetts January 1, 1801 May 13, 1801 John Adams, Thomas Jefferson
4 AlbertGallatin Albert Gallatin Pennsylvania May 14, 1801 February 8, 1814 Thomas Jefferson, James Madison
5 GeorgeWCampbell George W. Campbell Tennessee February 9, 1814 October 5, 1814 James Madison
6 Alexander J. Dallas Alexander J. Dallas Pennsylvania October 6, 1814 October 21, 1816
7 WilliamHarrisCrawford5 William H. Crawford Georgia October 22, 1816 March 6, 1825 James Madison, James Monroe
8 RichardRush Richard Rush Pennsylvania March 7, 1825 March 5, 1829 John Quincy Adams
9 SIng Samuel D. Ingham Pennsylvania March 6, 1829 June 20, 1831 Andrew Jackson
10 LMcLane Louis McLane Delaware August 8, 1831 May 28, 1833
11 William J Duane William J. Duane Pennsylvania May 29, 1833 September 22, 1833
12 Roger Taney Roger B. Taney Maryland September 23, 1833 June 25, 1834
13 Levi Woodbury Levi Woodbury New Hampshire July 1, 1834 March 3, 1841 Andrew Jackson, Martin Van Buren
14 ThomasEwingSr Thomas Ewing Ohio March 4, 1841 September 11, 1841 William Henry Harrison, John Tyler
15 WForward-SecofTreas Walter Forward Pennsylvania September 13, 1841 March 1, 1843 John Tyler
16 SpencerJohn John C. Spencer New York March 8, 1843 May 2, 1844
17 George M. Bibb - Brady-Handy George M. Bibb Kentucky July 4, 1844 March 7, 1845
18 Robert J Walker Robert J. Walker Mississippi March 8, 1845 March 5, 1849 James Knox Polk
19 WMMeredith William M. Meredith Pennsylvania March 8, 1849 July 22, 1850 Zachary Taylor
20 TCorwin Thomas Corwin Ohio July 23, 1850 March 6, 1853 Millard Fillmore
21 JGuthrie2 James Guthrie Kentucky March 7, 1853 March 6, 1857 Franklin Pierce
22 Cobb, Howell2 Howell Cobb Georgia March 7, 1857 December 8, 1860 James Buchanan
23 Philip Francis Thomas, sitting Philip Thomas Maryland December 12, 1860 January 14, 1861
24 Younger-JADix2 John A. Dix New York January 15, 1861 March 6, 1861
25 Mathew Brady, Portrait of Secretary of the Treasury Salmon P. Chase, officer of the United States government (1860–1865, full version) Salmon P. Chase Ohio March 7, 1861 June 30, 1864 Abraham Lincoln
26 Hon. Wm. Pitt Fessenden of Maine William P. Fessenden Maine July 5, 1864 March 3, 1865
27 Hugh McCulloch Hugh McCulloch Indiana March 9, 1865 March 3, 1869 Abraham Lincoln, Andrew Johnson
28 George Boutwell, Brady-Handy photo portrait, ca1870-1880 George S. Boutwell Massachusetts March 12, 1869 March 16, 1873 Ulysses S. Grant
29 William Adams Richardson, Brady-Handy bw photo portrait, ca1870-1880 William A. Richardson Massachusetts March 17, 1873 June 3, 1874
30 Benjamin Helm Bristow, Brady-Handy bw photo portrait, ca 1870-1880 Benjamin Bristow Kentucky June 4, 1874 June 20, 1876
31 Lot Morrill, Brady-Handy photo portrait, ca1865-1880 Lot M. Morrill Maine July 7, 1876 March 9, 1877 Ulysses S. Grant, Rutherford B. Hayes
32 John-Sherman-2 John Sherman Ohio March 10, 1877 March 3, 1881 Rutherford B. Hayes
33 William Windom, Brady-Handy photo portrait, ca1870-1880 William Windom Minnesota March 8, 1881 November 13, 1881 James A. Garfield, Chester A. Arthur
34 Charles j folger Charles J. Folger New York November 14, 1881 September 4, 1884 Chester A. Arthur
35 Walter Q. Gresham - Brady-Handy Walter Q. Gresham Indiana September 5, 1884 October 30, 1884
36 Hugh McCulloch Hugh McCulloch Indiana October 31, 1884 March 7, 1885 Chester A. Arthur, Grover Cleveland
37 Daniel manning Daniel Manning New York March 8, 1885 March 31, 1887 Grover Cleveland
38 Charles s fairchild Charles S. Fairchild New York April 1, 1887 March 6, 1889
39 William Windom, Brady-Handy photo portrait, ca1870-1880 William Windom Minnesota March 7, 1889 January 29, 1891 Benjamin Harrison
40 Charles Foster, Brady-Handy photo portrait, ca1865-1880 Charles Foster Ohio February 25, 1891 March 6, 1893 Benjamin Harrison, Grover Cleveland
41 John Griffin Carlisle, Brady-Handy photo portrait, ca1870-1880 John G. Carlisle Kentucky March 7, 1893 March 5, 1897 Grover Cleveland, William McKinley
42 Lyman Gage, Bain photo portrait Lyman J. Gage Illinois March 6, 1897 January 31, 1902 William McKinley, Theodore Roosevelt
43 Leslie Shaw, Bain photo portrait L. M. Shaw Iowa February 1, 1902 March 3, 1907 Theodore Roosevelt
44 Cortelyou-george-bruce George B. Cortelyou New York March 4, 1907 March 7, 1909
45 Franklin MacVeagh, formal bw photo portrait, 1909 Franklin MacVeagh Illinois March 8, 1909 March 5, 1913 William Howard Taft
46 William Gibbs McAdoo, formal photo portrait, 1914 William Gibbs McAdoo New York March 6, 1913 December 15, 1918 Woodrow Wilson
47 CGlass Carter Glass Virginia December 16, 1918 February 1, 1920
48 DFHouston David F. Houston Missouri February 2, 1920 March 3, 1921
49 AWMellon Andrew W. Mellon Pennsylvania March 4, 1921 February 12, 1932 Warren G. Harding, Calvin Coolidge, Herbert Hoover
50 Ogden Livingston Mills Ogden L. Mills New York February 13, 1932 March 4, 1933 Herbert Hoover
51 Woodin2 William H. Woodin New York March 5, 1933 December 31, 1933 Franklin D. Roosevelt
52 Henry Morgenthau, Jr. Henry Morgenthau, Jr. New York January 1, 1934 July 22, 1945 Franklin D. Roosevelt, Harry S. Truman
53 Frederick Vinson portrait Fred M. Vinson Kentucky July 23, 1945 June 23, 1946 Harry S. Truman
54 Portrait of John W. Snyder John W. Snyder Missouri June 25, 1946 January 20, 1953
55 George M Humphrey George M. Humphrey Ohio January 21, 1953 July 29, 1957 Dwight D. Eisenhower
56 Robert B Anderson Robert B. Anderson Connecticut July 29, 1957 January 20, 1961
57 C Douglas Dillon C. Douglas Dillon New Jersey January 21, 1961 April 1, 1965 John F. Kennedy, Lyndon Johnson
58 HFowler2 Henry H. Fowler Virginia April 1, 1965 December 20, 1968 Lyndon Johnson
59 Joseph W Barr Joseph W. Barr Indiana December 21, 1968 January 20, 1969
60 David M Kennedy David M. Kennedy Utah January 22, 1969 February 10, 1971 Richard Nixon
61 John Connally John Connally Texas February 11, 1971 June 12, 1972
62 GPShultz George P. Shultz Illinois June 12, 1972 May 8, 1974
63 William E Simon William E. Simon New Jersey May 8, 1974 January 20, 1977 Richard Nixon, Gerald Ford
64 Portrait of W. Michael Blumenthal W. Michael Blumenthal Michigan January 23, 1977 August 4, 1979 Jimmy Carter
65 Portrait of G. William Miller G. William Miller Rhode Island August 7, 1979 January 20, 1981
66 Donald Thomas Regan Donald Regan New Jersey January 22, 1981 February 1, 1985 Ronald Reagan
67 JamesBaker James Baker Texas February 4, 1985 August 17, 1988
68 Nicholas Frederick Brady Nicholas F. Brady New Jersey September 15, 1988 January 17, 1993 Ronald Reagan, George H. W. Bush
69 LloydBentsen Lloyd Bentsen Texas January 20, 1993 December 22, 1994 Bill Clinton
70 Pr4262ls-treasury-rubin Robert Rubin New York January 11, 1995 July 2, 1999
71 Lawrence Summers Treasury portrait Lawrence Summers Massachusetts July 2, 1999 January 20, 2001
72 OneilllPaul Paul O'Neill Pennsylvania January 20, 2001 December 31, 2002 George W. Bush
73 John W. Snow John W. Snow Virginia February 3, 2003 June 30, 2006
74 Henry Paulson official Treasury photo, 2006 Henry Paulson Illinois July 10, 2006 January 20, 2009
75 Timothy Geithner Treasury Timothy Geithner New York January 26, 2009 present Barack Obama

Acting Secretaries of the TreasuryEdit

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]

Living Former Secretaries of the TreasuryEdit

ReferencesEdit

United States presidential line of succession
Preceded by
Secretary of State
5th in line Succeeded by
Secretary of Defense
Template:Link FL

da:Amerikanske finansministre es:Secretario del Tesoro de los Estados Unidos fr:Secrétaire au Trésor des États-Unis id:Menteri Keuangan Amerika Serikat it:Segretario al Tesoro degli Stati Uniti ja:アメリカ合衆国財務長官 no:USAs finansminister pl:Sekretarze Skarbu Stanów Zjednoczonych ru:Секретарь казначейства США sv:Lista över USA:s finansministrar vi:Bộ trưởng Ngân khố Hoa Kỳ zh:美国财政部长

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