United States Secretary of the Treasury

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The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United States is analogous to the Minister of Finance in many other countries. Most of the Department's law enforcement agencies such as the U.S. Customs Service, the Bureau of Alcohol, Tobacco and Firearms (ATF), and the U.S. Secret Service were reassigned to other Departments in 2003 in conjunction with the creation of the Department of Homeland Security. The Secretary of the Treasury is a member of the President's Cabinet, and since the Clinton Administration, has been a member of the U.S. National Security Council. By law and by tradition, the Secretary of the Treasury is fifth in the United States presidential line of succession, in case of some extreme calamity in the United States.

From the U.S. Department of the Treasury website:

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 Treasury

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]

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