A | B | C | D | E | F | G | H | CH | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
United States Secretary of the Treasury | |
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![]() Seal of the Department of the Treasury | |
![]() Flag of the secretary | |
Department of the Treasury | |
Style | Madam Secretary (informal) The Honorable (formal) |
Member of | Cabinet National Security Council |
Reports to | President |
Seat | Treasury Building Washington, D.C. |
Appointer | President with Senate advice and consent |
Term length | No fixed term |
Constituting instrument | 31 U.S.C. § 301 |
Precursor | Superintendent of Finance |
Formation | September 11, 1789 |
First holder | Alexander Hamilton |
Succession | Fifth[1] |
Deputy | Deputy Secretary[2] |
Salary | Executive Schedule, Level I[3] |
Website | treasury.gov |
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.[4]
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.
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.[5]
The current secretary of the treasury is Janet Yellen, who is the first woman to hold the office.[6][7]
Powers and functions
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.
— U.S. Department of the Treasury Web site[8]
The secretary along with the treasurer of the United States must sign Federal Reserve notes before they can become legal tender.[9] The secretary also manages the United States Emergency Economic Stabilization fund.[10]
Salary
The secretary of the treasury is a Level I position in the Executive Schedule,[3] thus earning the salary prescribed for that level (US$246,400, as of January 2024).[11]
List of secretaries of the treasury
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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.[12]
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
Federalist (4) Democratic-Republican (4) Democratic (30) Whig (5) Republican (34) Independent (1)
Status
No. | Portrait | Name | State of residence | Took office | Left office | President(s) | |
---|---|---|---|---|---|---|---|
1 | ![]() |
Alexander Hamilton | New York | September 11, 1789 | January 31, 1795 | George Washington | |
2 | ![]() |
Oliver Wolcott Jr. | Connecticut | February 3, 1795 | December 31, 1800 | ||
John Adams | |||||||
3 | ![]() |
Samuel Dexter | Massachusetts | January 1, 1801 | May 13, 1801 | ||
Thomas Jefferson | |||||||
4 | Albert Gallatin | Pennsylvania | May 14, 1801 | February 8, 1814 | James Madison | ||
5 | ![]() |
George W. Campbell | Tennessee | February 9, 1814 | October 5, 1814 | ||
6 | ![]() |
Alexander J. Dallas | Pennsylvania | October 6, 1814 | October 21, 1816 | ||
– | ![]() |
William Jones Acting[a] |
Pennsylvania | October 21, 1816 | October 22, 1816 | ||
7 | ![]() |
William H. Crawford | Georgia | October 22, 1816 | March 6, 1825 | ||
James Monroe | |||||||
8 | ![]() |
Richard Rush | Pennsylvania | March 7, 1825 | March 5, 1829 | John Quincy Adams | |
9 | ![]() |
Samuel D. Ingham | Pennsylvania | March 6, 1829 | June 20, 1831 | Andrew Jackson | |
10 | ![]() |
Louis McLane | Delaware | August 8, 1831 | May 28, 1833 | ||
11 | ![]() |
William J. Duane | Pennsylvania | May 29, 1833 | September 22, 1833 | ||
12 | ![]() |
Roger B. Taney | Maryland | September 23, 1833 | June 25, 1834 | ||
13 | ![]() |
Levi Woodbury | New Hampshire | July 1, 1834 | March 3, 1841 | ||
Martin Van Buren | |||||||
14 | ![]() |
Thomas Ewing | Ohio | March 4, 1841 | September 11, 1841 | William Henry Harrison | |
John Tyler | |||||||
15 | ![]() |
Walter Forward | Pennsylvania | September 13, 1841 | March 1, 1843 | ||
16 | ![]() |
John Canfield Spencer | New York | March 8, 1843 | May 2, 1844 | ||
17 | ![]() |
George M. Bibb | Kentucky | July 4, 1844 | March 7, 1845 | ||
18 | ![]() |
Robert J. Walker | Mississippi | March 8, 1845 | March 5, 1849 | James K. Polk | |
19 | ![]() |
William M. 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 | ||
24 | ![]() |
John Adams Dix | New York | January 15, 1861 | March 6, 1861 | ||
25 | ![]() |
Salmon P. Chase | Ohio | March 7, 1861 | June 30, 1864 | Abraham Lincoln | |
26 | ![]() |
William P. Fessenden | Maine | July 5, 1864 | March 3, 1865 | ||
27 | ![]() |
Hugh McCulloch | Indiana | March 9, 1865 | March 3, 1869 | ||
Andrew Johnson | |||||||
28 | ![]() |
George S. Boutwell | Massachusetts | March 12, 1869 | March 16, 1873 | Ulysses S. Grant | |
29 | ![]() |
William Adams Richardson | Massachusetts | March 17, 1873 | June 3, 1874 | ||
30 | ![]() |
Benjamin Bristow | Kentucky | June 4, 1874 | June 20, 1876 | ||
31 | ![]() |
Lot M. Morrill | Maine | July 7, 1876 | March 9, 1877 | ||
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 J. Folger | New York | November 14, 1881 | September 4, 1884 | ||
35 | ![]() |
Walter Q. Gresham | Indiana | September 5, 1884 | October 30, 1884 | ||
36 | ![]() |
Hugh McCulloch | Indiana | October 31, 1884 | March 7, 1885 | ||
37 | ![]() |
Daniel Manning | New York | March 8, 1885 | March 31, 1887 | Grover Cleveland | |
38 | ![]() |
Charles S. Fairchild | New York | April 1, 1887 | March 6, 1889 | ||
39 | ![]() |
William Windom | Minnesota | March 7, 1889 | January 29, 1891 | Benjamin Harrison | |
40 | ![]() |
Charles Foster | Ohio | February 25, 1891 | March 6, 1893 | ||
41 | ![]() |
John G. Carlisle | Kentucky | March 7, 1893 | March 5, 1897 | Grover Cleveland | |
42 | ![]() |
Lyman J. Gage | Illinois | March 6, 1897 | January 31, 1902 | William McKinley | |
Theodore Roosevelt | |||||||
43 | ![]() |
L. M. Shaw | Iowa | February 1, 1902 | March 3, 1907 | ||
44
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