Department of the Treasury

The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue. The Department is administered by the Secretary of the Treasury, who is a member of the Cabinet.
The first Secretary of the Treasury was Alexander Hamilton, who was sworn into office on September 11, 1789. Hamilton was asked by President George Washington to serve after first having asked Robert Morris (who declined, recommending Hamilton instead). Hamilton almost single-handedly worked out the nation's early financial system, and for several years was a major presence in Washington's administration as well. His portrait is on the obverse of the U.S. ten-dollar bill while the Treasury Department building is shown on the reverse.
Besides the Secretary, one of the best-known Treasury officials is the Treasurer of the United States whose signature, along with the Treasury Secretary's, appears on all Federal Reserve notes.
The Treasury prints and mints all paper currency and coins in circulation through the Bureau of Engraving and Printing and the United States Mint. The Department also collects all federal taxes through the Internal Revenue Service, and manages U.S. government debt instruments, with the major exception of the Federal Reserve System.
The U.S. Treasury is an entirely separate entity from the Federal Reserve System, the central banking system of the United States. The Federal Reserve is independent within the government, and its Board of Governors (including its chairman and vice-chairman) are chosen by the President and confirmed by the Senate. Monetary policy decisions of the Federal Reserve System, in distinction to the Treasury's decisions, "do not have to be approved by the President or anyone else in the executive or legislative branches of government."
==Sub departments==
*Secret Service - Protecting the money supply and VIPs including the President.
Category:Politics
Category:USA Administration
Category:Groups