United States Secretary of the Treasury

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United States Secretary of the Treasury
Official seal
Incumbent:	Henry Paulson
First:	Alexander Hamilton
Formation:	September 11, 1789
Presidential Line of Succession:	Fifth

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.

[edit] Secretaries of the Treasury

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 1st Secretary of the Treasury was Alexander Hamilton - appointed at Morris's suggestion. Morris had held a similar position as Superintendent of Finance under the Continental Congress. From Morris's 1784 resignation until 1789, the young union'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		Alexander Hamilton	New York	September 11, 1789	January 31, 1795	George Washington
2		Oliver Wolcott, Jr.	Connecticut	February 3, 1795	December 31, 1800	George Washington, John Adams
3		Samuel Dexter	Massachusetts	January 1, 1801	May 13, 1801	John Adams, Thomas Jefferson
4		Albert Gallatin	Pennsylvania	May 14, 1801	February 8, 1814	Thomas Jefferson, James Madison
5		George Washington Campbell	Tennessee	February 9, 1814	October 5, 1814	James Madison
6		Alexander James Dallas	Pennsylvania	October 6, 1814	October 21, 1816	James Madison
7		William Harris Crawford	Georgia	October 22, 1816	March 6, 1825	James Madison, James Monroe
8		Richard Rush	Pennsylvania	March 7, 1825	March 5, 1829	John Quincy Adams
9		Samuel Delucenna Ingham	Pennsylvania	March 6, 1829	June 20, 1831	Andrew Jackson
10		Louis McLane	Delaware	August 8, 1831	May 28, 1833	Andrew Jackson
11		William John Duane	Pennsylvania	May 29, 1833	September 22, 1833	Andrew Jackson
12		Roger Brooke Taney	Maryland	September 23, 1833	June 25, 1834	Andrew Jackson
13		Levi Woodbury	New Hampshire	July 1, 1834	March 3, 1841	Andrew Jackson, Martin Van Buren
14		Thomas Ewing, Sr.	Ohio	March 4, 1841	September 11, 1841	William Henry Harrison, John Tyler
15		Walter Forward	Pennsylvania	September 13, 1841	March 1, 1843	John Tyler
16		John Canfield Spencer	New York	March 8, 1843	May 2, 1844	John Tyler
17		George Mortimer Bibb	Kentucky	July 4, 1844	March 7, 1845	John Tyler
18		Robert John Walker	Mississippi	March 8, 1845	March 5, 1849	James Knox Polk
19		William Morris Meredith	Pennsylvania	March 8, 1849	July 22, 1850	Zachary Taylor
20		Thomas Corwin	Ohio	July 23, 1850	March 6, 1853	Millard Fillmore
21		James Guthrie	Kentucky	March 7, 1853	March 6, 1857	Franklin Pierce
22		Howell Cobb	Georgia	March 7, 1857	December 8, 1860	James Buchanan
23		Philip Francis Thomas	Maryland	December 12, 1860	January 14, 1861	James Buchanan
24		John Adams Dix	New York	January 15, 1861	March 6, 1861	James Buchanan
25		Salmon Portland Chase	Ohio	March 7, 1861	June 30, 1864	Abraham Lincoln
26		William Pitt Fessenden	Maine	July 5, 1864	March 3, 1865	Abraham Lincoln
27		Hugh McCulloch	Indiana	March 9, 1865	March 3, 1869	Abraham Lincoln, Andrew Johnson
28		George Sewall Boutwell	Massachusetts	March 12, 1869	March 16, 1873	Ulysses S. Grant
29		William Adams Richardson	Massachusetts	March 17, 1873	June 3, 1874	Ulysses S. Grant
30		Benjamin Helm Bristow	Kentucky	June 4, 1874	June 20, 1876	Ulysses S. Grant
31		Lot Myrick Morrill	Maine	July 7, 1876	March 9, 1877	Ulysses S. Grant, Rutherford B. Hayes
32		John Sherman	Ohio	March 10, 1877	March 3, 1881	Rutherford B. Hayes
33		William Windom	Minnesota	March 8, 1881	November 13, 1881	James A. Garfield, Chester A. Arthur
34		Charles James Folger	New York	November 14, 1881	September 4, 1884	Chester A. Arthur
35		Walter Quintin Gresham	Indiana	September 5, 1884	October 30, 1884	Chester A. Arthur
36		Hugh McCulloch	Indiana	October 31, 1884	March 7, 1885	Chester A. Arthur, Grover Cleveland
37		Daniel Manning	New York	March 8, 1885	March 31, 1887	Grover Cleveland
38		Charles Stebbins Fairchild	New York	April 1, 1887	March 6, 1889	Grover Cleveland
39		William Windom	Minnesota	March 7, 1889	January 29, 1891	Benjamin Harrison
40		Charles William Foster, Jr.	Ohio	February 25, 1891	March 6, 1893	Benjamin Harrison, Grover Cleveland
41		John Griffin Carlisle	Kentucky	March 7, 1893	March 5, 1897	Grover Cleveland, William McKinley
42		Lyman Judson Gage	Illinois	March 6, 1897	January 31, 1902	William McKinley, Theodore Roosevelt
43		Leslie Mortimer Shaw	Iowa	February 1, 1902	March 3, 1907	Theodore Roosevelt
44		George Bruce Cortelyou	New York	March 4, 1907	March 7, 1909	Theodore Roosevelt
45		Franklin MacVeagh	Illinois	March 8, 1909	March 5, 1913	William Howard Taft
46		William Gibbs McAdoo	New York	March 6, 1913	December 15, 1918	Woodrow Wilson
47		Carter Glass	Virginia	December 16, 1918	February 1, 1920	Woodrow Wilson
48		David Franklin Houston	Missouri	February 2, 1920	March 3, 1921	Woodrow Wilson
49		Andrew William Mellon	Pennsylvania	March 4, 1921	February 12, 1932	Warren G. Harding, Calvin Coolidge, Herbert Hoover
50		Ogden Livingston Mills, Jr.	New York	February 13, 1932	March 4, 1933	Herbert Hoover
51		William Hartman Woodin	New York	March 5, 1933	December 31, 1933	Franklin D. Roosevelt
52		Henry Morgenthau, Jr.	New York	January 1, 1934	July 22, 1945	Franklin D. Roosevelt, Harry S. Truman
53		Frederick Moore Vinson	Kentucky	July 23, 1945	June 23, 1946	Harry S. Truman
54		John Wesley Snyder	Missouri	June 25, 1946	January 20, 1953	Harry S. Truman
55		George Magoffin Humphrey	Ohio	January 21, 1953	July 29, 1957	Dwight D. Eisenhower
56		Robert Bernard Anderson	Connecticut	July 29, 1957	January 20, 1961	Dwight D. Eisenhower
57		Clarence Douglas Dillon	New Jersey	January 21, 1961	April 1, 1965	John F. Kennedy, Lyndon Johnson
58		Henry Hammill Fowler	Virginia	April 1, 1965	December 20, 1968	Lyndon Johnson
59		Joseph Walker Barr	Indiana	December 21, 1968	January 20, 1969	Lyndon Johnson
60		David Matthew Kennedy	Utah	January 22, 1969	February 10, 1971	Richard Nixon
61		John Bowden Connally, Jr.	Texas	February 11, 1971	June 12, 1972	Richard Nixon
62		George Pratt Shultz	Illinois	June 12, 1972	May 8, 1974	Richard Nixon
63		William Edward Simon	New Jersey	May 8, 1974	January 20, 1977	Richard Nixon, Gerald Ford
64		Werner Michael Blumenthal- (photo not correct)	Michigan	January 23, 1977	August 4, 1979	Jimmy Carter
65		George William Miller	Rhode Island	August 7, 1979	January 20, 1981	Jimmy Carter
66		Donald Thomas Regan	New Jersey	January 22, 1981	February 1, 1985	Ronald Reagan
67		James Addison Baker III	Texas	February 4, 1985	August 17, 1988	Ronald Reagan
68		Nicholas Frederick Brady	New Jersey	September 15, 1988	January 17, 1993	Ronald Reagan, George H. W. Bush
69		Lloyd Millard Bentsen, Jr.	Texas	January 20, 1993	December 22, 1994	Bill Clinton
70		Robert Edward Rubin	New York	January 11, 1995	July 2, 1999	Bill Clinton
71		Lawrence Henry Summers	Massachusetts	July 2, 1999	January 20, 2001	Bill Clinton
72		Paul Henry O'Neill	Pennsylvania	January 20, 2001	December 31, 2002	George W. Bush
73		John William Snow	Virginia	February 3, 2003	June 30, 2006	George W. Bush
74		Henry Merritt Paulson, Jr.	Illinois	July 10, 2006	present	George W. Bush

[edit] Acting Secretaries of the Treasury

• William Jones served as acting secretary between the resignation of Alexander J. Dallas and appointment of William H. Crawford.
• Because of the resignation of Deputy Secretary of Treasury Roger Altman in August 1994, Under Secretary of Treasury for Domestic Finance Frank Newman served from December 22, 1994 to January 11, 1995 as Acting Secretary of Treasury.
• Deputy Secretary of Treasury Kenneth W. Dam served as Acting Secretary of Treasury from December 31, 2002 to February 3, 2003.
• Deputy Secretary of Treasury Robert Kimmitt served as Acting Secretary of Treasury from June 30, 2006 to July 9, 2006.

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.[2]

[edit] References

Wikimedia Commons has media related to:

United States Secretary of the Treasury

• Secretaries of the Treasury. History of the Treasury. United States Department of the Treasury. Retrieved on 2006-04-09.

v • d • e United States Secretaries of the Treasury Hamilton • Wolcott • Dexter • Gallatin • Campbell • Dallas • Crawford • Rush • Ingham • McLane • Duane • Taney • Woodbury • Ewing • Forward • Spencer • Bibb • Walker • Meredith • Corwin • Guthrie • Cobb • Thomas • Dix • Chase • Fessenden • McCulloch • Boutwell • Richardson • Bristow • Morrill • Sherman • Windom • Folger • Gresham • McCulloch • Manning • Fairchild • Windom • Foster • Carlisle • Gage • Shaw • Cortelyou • MacVeagh • McAdoo • Glass • Houston • Mellon • Mills • Woodin • Morgenthau • Vinson • Snyder • Humphrey • Anderson • Dillon • Fowler • Barr • Kennedy • Connally • Shultz • Simon • Blumenthal • Miller • Regan • Baker • Brady • Bentsen • Rubin • Summers • O'Neill • Snow • Paulson

v • d • e Agencies under the United States Department of the Treasury Secretary of the Treasury Deputy Secretary of the Treasury Alcohol and Tobacco Tax and Trade Bureau · Community Development Financial Institution Fund · Treasury Inspector General for Tax Administration · Internal Revenue Service · Office of the Comptroller of the Currency · Office of Thrift Supervision · Office of Tax Policy Under Secretary of the Treasury for International Affairs Office of East Asia · Office of South and Southeast Asia Nations · Office of Europe & Eurasia · Office of the Western Hemisphere · Office of International Monetary Policy · Office of Banking and Securities · Office of International Debt Policy · Office of Development Policy · Office of Financing Operations · Office of African Nations · Office of the Middle East & North Africa · Office of International Trade · Office of International Investment · Office of Trade Finance · Office of Technical Assistance · Office of Risk & Research Analysis Under Secretary of the Treasury for Domestic Finance Office of Financial Institutions · Office of Financial Markets · Office of Fiscal Service · Bureau of the Public Debt  · Financial Management Service Under Secretary of the Treasury for Terrorism and Financial Intelligence Office of Terrorism and Financial Intelligence · Office of Terrorist Financing and Financial Crimes · Office of Intelligence and Analysis · Office of Foreign Assets Control · Financial Crimes Enforcement Network · Treasury Executive Office for Asset Forfeiture Treasurer of the United States Bureau of Engraving and Printing • United States Mint