Template:Short description Template:Redirect Template:Use American English Template:Use mdy dates Template:Infobox official post

The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the president's cabinet and, by law, a member of the National Security Council,<ref>Template:UnitedStatesCode</ref> and fifth in the U.S. presidential line of succession.

Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the Senate Committee on Finance, will take the office if confirmed by the majority of the full United States Senate.

The secretary of state, the secretary of the treasury, the secretary of defense, and the attorney general are generally regarded as the four most important Cabinet officials, due to the size and importance of their respective departments.<ref>Cabinets and Counselors: The President and the Executive Branch (1997). Congressional Quarterly. p. 87.</ref>

Powers and functionsEdit

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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.

As 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.{{#if:U.S. Department of the Treasury Web site<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>|{{#if:|}}

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The secretary along with the treasurer of the United States must sign Federal Reserve notes before they can become legal tender.<ref>Template:Cite news</ref> The secretary also manages the United States Emergency Economic Stabilization fund.<ref>Template:USC2</ref>

SalaryEdit

The secretary of the treasury is a Level I position in the Executive Schedule,<ref name="UnitedStatesCode|5|5312"/> thus earning the salary prescribed for that level ($250,600 as of January 2024).<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

List of secretaries of the treasuryEdit

The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the president's cabinet and, by law, a member of the National Security Council.<ref>Template:UnitedStatesCode</ref>

Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the Senate Committee on Finance, is confirmed by the United States Senate.

Parties

Template:Legend2 (4) Template:Legend2 (4) Template:Legend2 (30) Template:Legend2 (5) Template:Legend2 (35) Template:Legend2 (1)

Status Template:Legend

No. Portrait Name State of residence Took office Left office President(s)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">1 File:Alexander Hamilton, by Trumbull.jpg Template:Sortname New York Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1789–1797)
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">2 File:Oliver Wolcott Jr by Gilbert Stuart circa 1820.jpeg Template:Sortname Connecticut Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1797–1801)
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">3 File:Samuel Dexter.jpg Template:Sortname Massachusetts Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1801–1809)
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">4 File:Albert Gallatin 3.JPG Template:Sortname Pennsylvania Template:Dts Template:Dts Template:Sortname
(1809–1817)
rowspan=5 style="background: Template:Party color;" |
style="background: Template:Party color;" |Template:Ifsubst style="color:white">5 File:George W Campbell cph.3a00320.jpg Template:Sortname Tennessee Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">6 File:Alexander J. Dallas.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts
File:William-Jones.jpg Template:Sortname
Template:SmallTemplate:Efn
Pennsylvania Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">7 File:Portrait of William Harris Crawford.jpg Template:Sortname Georgia Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1817–1825)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">8 File:RUSH, Richard-BEP069-Treasury (BEP engraved portrait).jpg Template:Sortname Pennsylvania Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1825–1829)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">9 File:SIng.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts rowspan=5 style="background: Template:Party color;" | Template:Sortname
(1829–1837)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">10 File:Louis McLane (Treasury Secretary, BEP engraved portrait, cropped).jpg Template:Sortname Delaware Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">11 File:William J Duane.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">12 File:Roger Taney.jpg Template:Sortname Maryland Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">13 File:Levi Woodbury SecNavy.jpg Template:Sortname New Hampshire Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1837–1841)
rowspan=2 style="background: Template:Party color;" |14 File:ThomasEwingSr.jpg Template:Sortname Ohio Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1841)
rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1841–1845)
style="background: Template:Party color;" |15 File:WForward-SecofTreas.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts
style="background: Template:Party color;" |16 File:SPENCER, John C-Treasury (BEP engraved portrait) (cropped).jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">17 File:George M. Bibb - Brady-Handy.jpg Template:Sortname Kentucky Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">18 File:Hon. Robert J. Walker, Miss - NARA - 528738.jpg Template:Sortname Mississippi Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1845–1849)
style="background: Template:Party color;" |19 File:WMMeredith.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1849–1850)
style="background: Template:Party color;" |20 File:TCorwin.jpg Template:Sortname Ohio Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1850–1853)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">21 File:James-Guthrie-(wreaths).jpg Template:Sortname Kentucky Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1853–1857)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">22 File:Cobb, Howell2.jpg Template:Sortname Georgia Template:Dts Template:Dts rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1857–1861)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">23 File:Philip Francis Thomas, sitting.jpg Template:Sortname Maryland Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">24 File:John adams dix.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">25 File:Mathew Brady, Portrait of Secretary of the Treasury Salmon P. Chase, officer of the United States government (1860–1865, full version).jpg Template:Sortname Ohio Template:Dts Template:Dts rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1861–1865)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">26 File:Hon. William P. Fessenden, Maine - NARA - 529980.jpg Template:Sortname Maine Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">27 File:Hugh McCulloch.png Template:Sortname Indiana Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1865–1869)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">28 File:George Boutwell, Brady-Handy photo portrait, ca1870-1880.jpg Template:Sortname Massachusetts Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1869–1877)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">29 File:William Adams Richardson Brady-Handy.tif Template:Sortname Massachusetts Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">30 File:Benjamin Helm Bristow Brady - Handy U.S. Secretary of Treasury.jpg Template:Sortname Kentucky Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">31 File:Lot M. Morrill Brady-Handy Portrait Photo.jpg Template:Sortname Maine Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">32 File:John-Sherman-2.jpg Template:Sortname Ohio Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1877–1881)
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">33 File:William Windom, Brady-Handy photo portrait, ca1870-1880.jpg Template:Sortname Minnesota Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1881)
rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1881–1885)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">34 File:Secretary Charles J. Folger.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">35 File:Walter Q. Gresham - Brady-Handy.jpg Template:Sortname Indiana Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">36 File:Hugh McCulloch.png Template:Sortname Indiana Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">37 File:Secretary Daniel Manning.webp Template:Sortname New York Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1885–1889)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">38 File:Charles S Fairchild - SecofTreasury.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">39 File:William Windom, Brady-Handy photo portrait, ca1870-1880.jpg Template:Sortname Minnesota Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1889–1893)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">40 File:Charles Foster, Brady-Handy photo portrait, ca1865-1880.jpg Template:Sortname Ohio Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">41 File:John Griffin Carlisle, Brady-Handy photo portrait, ca1870-1880.jpg Template:Sortname Kentucky Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1893–1897)
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">42 File:Lyman Gage, Bain photo portrait.jpg Template:Sortname Illinois Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1897–1901)
rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1901–1909)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">43 File:Leslie Shaw, Bain photo portrait.jpg Template:Sortname Iowa Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">44 File:Cortelyou-george-bruce.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">45 File:Franklin MacVeagh, formal bw photo portrait, 1909.jpg Template:Sortname Illinois Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1909–1913)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">46 File:William Gibbs McAdoo, formal photo portrait, 1914.jpg Template:Sortname New York Template:Dts Template:Dts rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1913–1921)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">47 File:Picture of Carter Glass.jpg Template:Sortname Virginia Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">48 File:Picture of David F. Houston.jpg Template:Sortname Missouri Template:Dts Template:Dts
rowspan=3 style="background: Template:Party color;" |Template:Ifsubst style="color:white">49 File:AWMellon.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1921–1923)
style="background: Template:Party color;" | Template:Sortname
(1923–1929)
rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1929–1933)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">50 File:Ogden Livingston Mills.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">51 File:Woodin2.jpg Template:Sortname New York Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1933–1945)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">52 File:Henry Morgenthau, Jr..jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">53 File:Frederick Vinson portrait.png Template:Sortname Kentucky Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1945–1953)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">54 File:Portrait of John W. Snyder.jpg Template:Sortname Missouri Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">55 File:George M Humphrey.jpg Template:Sortname Ohio Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1953–1961)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">56 File:Robert B Anderson.jpeg Template:Sortname Connecticut Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">57 File:C Douglas Dillon.jpg Template:Sortname New Jersey Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1961–1963)
rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1963–1969)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">58 File:HFowler2.jpg Template:Sortname Virginia Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">59 File:Joseph W Barr.jpg Template:Sortname Indiana Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">60 File:David M Kennedy.jpg Template:Sortname Utah Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1969–1974)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">61 File:Portrait of John Connally.jpg Template:Sortname Texas Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">62 File:George Pratt Shultz.jpg Template:Sortname Illinois Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">63 File:William E Simon.jpg Template:Sortname New Jersey Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1974–1977)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">64 File:Portrait of W. Michael Blumenthal.jpg Template:Sortname Michigan Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1977–1981)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">65 File:G. William Miller.jpg Template:Sortname Rhode Island Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">66 File:Donaldtregan1.jpg Template:Sortname New Jersey Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1981–1989)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">67 File:James A. Baker III, U.S. Secretary of State (2380044355).jpg Template:Sortname Texas Template:Dts Template:Dts
File:M Peter McPherson at lectern in 1981 (cropped).jpg Template:Sortname
Template:SmallTemplate:Efn
Michigan Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Ifsubst style="color:white">68 File:Nicholas F. Brady - Secretary of the Treasury portrait.jpeg Template:Sortname New Jersey Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1989–1993)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">69 File:LloydBentsen.jpg Template:Sortname Texas Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1993–2001)
File:Seal of the United States Department of the Treasury.svg Template:Sortname
Template:SmallTemplate:Efn
Massachusetts Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">70 File:Pr4262ls-treasury-rubin.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">71 File:Lawrence Summers Treasury portrait.jpg Template:Sortname Massachusetts Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">72 File:OneilllPaul.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts rowspan=5 style="background: Template:Party color;" | Template:Sortname
(2001–2009)
File:Kenneth Dam.jpg Template:Sortname
Template:SmallTemplate:Efn
Illinois Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">73 File:John W. Snow.jpg Template:Sortname Virginia Template:Dts Template:Dts
File:Robert Kimmitt, official Treasury photo.jpg Template:Sortname
Template:SmallTemplate:Efn
Virginia Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">74 File:Henry Paulson official Treasury photo, 2006.jpg Template:Sortname Illinois Template:Dts Template:Dts
File:Stuart Levey.jpg Template:Sortname
Template:SmallTemplate:Efn
Ohio Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(2009–2017)
style="background: Template:Party color;" |75 File:Timothy Geithner official portrait.jpg Template:Sortname New York Template:Dts Template:Dts
File:Neal S. Wolin official portrait.jpg Template:Sortname
Template:SmallTemplate:Efn
Illinois Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Ifsubst style="color:white">76 File:Jacob Lew official portrait.jpg Template:Sortname New York Template:Dts Template:Dts
File:Adam Szubin.jpg Template:Sortname
Template:SmallTemplate:Efn
Washington, D.C. Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(2017–2021)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">77 File:Steven Mnuchin official photo (cropped).jpg Template:Sortname California Template:Dts Template:Dts
File:Andy Baukol.jpg Template:Sortname
Template:SmallTemplate:Efn
Virginia Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(2021–2025)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">78 File:Secretary Janet Yellen portrait (cropped).jpg Template:Sortname California Template:Dts Template:Dts
File:David Lebryk.jpg Template:Sortname
Template:SmallTemplate:Efn
Indiana Template:Dts Template:Dts rowspan=2 style="background: Template:Party color; | Template:Sortname
(2025–present)
style="background: Template:Party color;" |Template:Ifsubst style="color:white">79 File:Official portrait of Treasury Secretary Scott Bessent (cropped).jpg Template:Sortname South Carolina Template:Dts Incumbent
File:Flag of the United States Secretary of the Treasury (1887-1915).png
Former flag of the Secretary of the Treasury, originating from the 19th century.

SuccessionEdit

Presidential successionEdit

The secretary of the treasury is fifth in the presidential line of succession, following the secretary of state and preceding the secretary of defense.<ref name="UnitedStatesCode|3|19"/>

Succession within the DepartmentEdit

On August 16, 2016, President Barack Obama signed Executive Order 13735, which changed the order of succession for filling the Treasury Secretary's role when necessary. At any time when the secretary and the deputy secretary of the treasury have both died, resigned, or cannot serve as secretary for other reasons, the order designates which Treasury officers are next in line to serve as acting secretary.

The order of succession is:<ref>{{#invoke:citation/CS1|citation |CitationClass=web }} Template:PD-notice</ref>

# Office
1* Under Secretaries of the Treasury
2 General Counsel of the Department of the Treasury
3* Deputy Under Secretaries of the Treasury and those Assistant Secretaries of the Treasury appointed by the President by and with the consent of the Senate
4 Chief of Staff
5 Assistant Secretary for Management
6 Fiscal Assistant Secretary
7 Commissioner of Internal Revenue, Internal Revenue Service
8 Commissioner, Bureau of the Fiscal Service
9 Deputy Commissioner, Fiscal Accounting and Shared Services, Bureau of the Fiscal Service
10 Commissioner, Wage and Investment Division, Internal Revenue Service
* In the order in which they shall have taken the oath of office as such officers.

NotesEdit

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ReferencesEdit

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External linksEdit

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