U.S. Treasury Department
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| U.S. Treasury Department | |
| Founded | 1789 |
|---|---|
| Headquarters | Washington, D.C. |
| Products | |
| Web site | http://www.treasury.gov/ |
The U.S. Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. This department was created in order to manage the expenditures and revenues of the U.S. government, and hence the means by which the state could raise money in order to function.[1]
The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. Office of the Secretary of the U.S. Treasury is Henry Paulson, Jr.
The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. The Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise standards of living, and to the extent possible, predict and prevent economic and financial crises.
The Treasury Department also performs a critical and far-reaching role in enhancing national security by implementing economic sanctions against foreign threats to the U.S., identifying and targeting the financial support networks of national security threats, and improving the safeguards of our financial systems.[2]
Contents |
History
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Services
The basic functions of the Department of the Treasury include:
- Managing Federal finances;
- Collecting taxes, duties and monies paid to and due to the U.S. and paying all bills of the U.S.;
- Producing postage stamps, currency and coinage;
- Managing government accounts and the public debt;
- Supervising national banks and thrift institutions;
- Advising on domestic and international financial, monetary, economic, trade and tax policy;
- Enforcing federal finance and tax laws;
- Investigating and prosecuting tax evaders, counterfeiters, and forgers.
Membership
Key People
References
- ↑ Brief History of the Treasury Markets. Primary Assets Management Co.. Retrieved on January 3, 2008.
- ↑ U.S. Treasury - Education: Duties & Functions. U.S. Treasury. Retrieved on January 3, 2008.
