u.s. treasury dept definition
Treasury Department. The U.S. Department of the Treasury performs four basic functions: formulating and recommending economic, financial, tax, and fiscal policies; serving as financial agent for the U.S. government; enforcing the law; and manufacturing coins and currency. The Treasury Department was created by an act of September 2, 1789 (31 U.S.C.A. Â§ 301). Many subsequent acts have affected the development of the department and created its numerous bureaus and divisions.