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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,<ref>Template:UnitedStatesCode</ref> and fifth in the U.S. presidential line of succession.

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, will take the office if confirmed by the majority of the full 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.<ref>Cabinets and Counselors: The President and the Executive Branch (1997). Congressional Quarterly. p. 87.</ref>

Powers and functions

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The secretary along with the treasurer of the United States must sign Federal Reserve notes before they can become legal tender.<ref>Template:Cite news</ref> The secretary also manages the United States Emergency Economic Stabilization fund.<ref>Template:USC2</ref>

Salary

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The secretary of the treasury is a Level I position in the Executive Schedule,<ref name="UnitedStatesCode|5|5312"/> thus earning the salary prescribed for that level ($250,600 as of January 2024).<ref>Template:Cite web</ref>

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.<ref>Template:UnitedStatesCode</ref>

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

Template:Legend2 (4) Template:Legend2 (4) Template:Legend2 (30) Template:Legend2 (5) Template:Legend2 (35) Template:Legend2 (1)

Status Template:Legend

No. Portrait Name State of residence Took office Left office President(s)
style="background: Template:Party color;" |Template:Color File:Alexander Hamilton, by Trumbull.jpg Template:Sortname New York Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1789–1797)
rowspan=2 style="background: Template:Party color;" |Template:Color File:Oliver Wolcott Jr by Gilbert Stuart circa 1820.jpeg Template:Sortname Connecticut Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1797–1801)
rowspan=2 style="background: Template:Party color;" |Template:Color File:Samuel Dexter.jpg Template:Sortname Massachusetts Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1801–1809)
rowspan=2 style="background: Template:Party color;" |Template:Color File:Albert Gallatin 3.JPG Template:Sortname Pennsylvania Template:Dts Template:Dts Template:Sortname
(1809–1817)
rowspan=5 style="background: Template:Party color;" |
style="background: Template:Party color;" |Template:Color File:George W Campbell cph.3a00320.jpg Template:Sortname Tennessee Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Alexander J. Dallas.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts
File:William-Jones.jpg Template:Sortname
Template:SmallTemplate:Efn
Pennsylvania Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Color File:Portrait of William Harris Crawford.jpg Template:Sortname Georgia Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1817–1825)
style="background: Template:Party color;" |Template:Color File:RUSH, Richard-BEP069-Treasury (BEP engraved portrait).jpg Template:Sortname Pennsylvania Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1825–1829)
style="background: Template:Party color;" |Template:Color File:SIng.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts rowspan=5 style="background: Template:Party color;" | Template:Sortname
(1829–1837)
style="background: Template:Party color;" |Template:Color File:Louis McLane (Treasury Secretary, BEP engraved portrait, cropped).jpg Template:Sortname Delaware Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:William J Duane.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Roger Taney.jpg Template:Sortname Maryland Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Color File:Levi Woodbury SecNavy.jpg Template:Sortname New Hampshire Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1837–1841)
rowspan=2 style="background: Template:Party color;" |14 File:ThomasEwingSr.jpg Template:Sortname Ohio Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1841)
rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1841–1845)
style="background: Template:Party color;" |15 File:WForward-SecofTreas.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts
style="background: Template:Party color;" |16 File:SPENCER, John C-Treasury (BEP engraved portrait) (cropped).jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:George M. Bibb - Brady-Handy.jpg Template:Sortname Kentucky Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Hon. Robert J. Walker, Miss - NARA - 528738.jpg Template:Sortname Mississippi Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1845–1849)
style="background: Template:Party color;" |19 File:WMMeredith.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1849–1850)
style="background: Template:Party color;" |20 File:TCorwin.jpg Template:Sortname Ohio Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1850–1853)
style="background: Template:Party color;" |Template:Color File:James-Guthrie-(wreaths).jpg Template:Sortname Kentucky Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1853–1857)
style="background: Template:Party color;" |Template:Color File:Cobb, Howell2.jpg Template:Sortname Georgia Template:Dts Template:Dts rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1857–1861)
style="background: Template:Party color;" |Template:Color File:Philip Francis Thomas, sitting.jpg Template:Sortname Maryland Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:John adams dix.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Mathew Brady, Portrait of Secretary of the Treasury Salmon P. Chase, officer of the United States government (1860–1865, full version).jpg Template:Sortname Ohio Template:Dts Template:Dts rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1861–1865)
style="background: Template:Party color;" |Template:Color File:Hon. William P. Fessenden, Maine - NARA - 529980.jpg Template:Sortname Maine Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Color File:Hugh McCulloch.png Template:Sortname Indiana Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1865–1869)
style="background: Template:Party color;" |Template:Color File:George Boutwell, Brady-Handy photo portrait, ca1870-1880.jpg Template:Sortname Massachusetts Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1869–1877)
style="background: Template:Party color;" |Template:Color File:William Adams Richardson Brady-Handy.tif Template:Sortname Massachusetts Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Benjamin Helm Bristow Brady - Handy U.S. Secretary of Treasury.jpg Template:Sortname Kentucky Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Lot M. Morrill Brady-Handy Portrait Photo.jpg Template:Sortname Maine Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:John-Sherman-2.jpg Template:Sortname Ohio Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1877–1881)
rowspan=2 style="background: Template:Party color;" |Template:Color File:William Windom, Brady-Handy photo portrait, ca1870-1880.jpg Template:Sortname Minnesota Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1881)
rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1881–1885)
style="background: Template:Party color;" |Template:Color File:Secretary Charles J. Folger.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Walter Q. Gresham - Brady-Handy.jpg Template:Sortname Indiana Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Hugh McCulloch.png Template:Sortname Indiana Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Secretary Daniel Manning.webp Template:Sortname New York Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1885–1889)
style="background: Template:Party color;" |Template:Color File:Charles S Fairchild - SecofTreasury.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:William Windom, Brady-Handy photo portrait, ca1870-1880.jpg Template:Sortname Minnesota Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1889–1893)
style="background: Template:Party color;" |Template:Color File:Charles Foster, Brady-Handy photo portrait, ca1865-1880.jpg Template:Sortname Ohio Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:John Griffin Carlisle, Brady-Handy photo portrait, ca1870-1880.jpg Template:Sortname Kentucky Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1893–1897)
rowspan=2 style="background: Template:Party color;" |Template:Color File:Lyman Gage, Bain photo portrait.jpg Template:Sortname Illinois Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1897–1901)
rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1901–1909)
style="background: Template:Party color;" |Template:Color File:Leslie Shaw, Bain photo portrait.jpg Template:Sortname Iowa Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Cortelyou-george-bruce.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Franklin MacVeagh, formal bw photo portrait, 1909.jpg Template:Sortname Illinois Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1909–1913)
style="background: Template:Party color;" |Template:Color File:William Gibbs McAdoo, formal photo portrait, 1914.jpg Template:Sortname New York Template:Dts Template:Dts rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1913–1921)
style="background: Template:Party color;" |Template:Color File:Picture of Carter Glass.jpg Template:Sortname Virginia Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Picture of David F. Houston.jpg Template:Sortname Missouri Template:Dts Template:Dts
rowspan=3 style="background: Template:Party color;" |Template:Color File:AWMellon.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1921–1923)
style="background: Template:Party color;" | Template:Sortname
(1923–1929)
rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1929–1933)
style="background: Template:Party color;" |Template:Color File:Ogden Livingston Mills.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Woodin2.jpg Template:Sortname New York Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1933–1945)
style="background: Template:Party color;" |Template:Color File:Henry Morgenthau, Jr..jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Frederick Vinson portrait.png Template:Sortname Kentucky Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1945–1953)
style="background: Template:Party color;" |Template:Color File:Portrait of John W. Snyder.jpg Template:Sortname Missouri Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:George M Humphrey.jpg Template:Sortname Ohio Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1953–1961)
style="background: Template:Party color;" |Template:Color File:Robert B Anderson.jpeg Template:Sortname Connecticut Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Color File:C Douglas Dillon.jpg Template:Sortname New Jersey Template:Dts Template:Dts style="background: Template:Party color;" | Template:Sortname
(1961–1963)
rowspan=3 style="background: Template:Party color;" | Template:Sortname
(1963–1969)
style="background: Template:Party color;" |Template:Color File:HFowler2.jpg Template:Sortname Virginia Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Joseph W Barr.jpg Template:Sortname Indiana Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:David M Kennedy.jpg Template:Sortname Utah Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1969–1974)
style="background: Template:Party color;" |Template:Color File:Portrait of John Connally.jpg Template:Sortname Texas Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:George Pratt Shultz.jpg Template:Sortname Illinois Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Color File:William E Simon.jpg Template:Sortname New Jersey Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1974–1977)
style="background: Template:Party color;" |Template:Color File:Portrait of W. Michael Blumenthal.jpg Template:Sortname Michigan Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(1977–1981)
style="background: Template:Party color;" |Template:Color File:G. William Miller.jpg Template:Sortname Rhode Island Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Donaldtregan1.jpg Template:Sortname New Jersey Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1981–1989)
style="background: Template:Party color;" |Template:Color File:James A. Baker III, U.S. Secretary of State (2380044355).jpg Template:Sortname Texas Template:Dts Template:Dts
File:M Peter McPherson at lectern in 1981 (cropped).jpg Template:Sortname
Template:SmallTemplate:Efn
Michigan Template:Dts Template:Dts
rowspan=2 style="background: Template:Party color;" |Template:Color File:Nicholas F. Brady - Secretary of the Treasury portrait.jpeg Template:Sortname New Jersey Template:Dts Template:Dts
style="background: Template:Party color;" | Template:Sortname
(1989–1993)
style="background: Template:Party color;" |Template:Color File:LloydBentsen.jpg Template:Sortname Texas Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(1993–2001)
File:Seal of the United States Department of the Treasury.svg Template:Sortname
Template:SmallTemplate:Efn
Massachusetts Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Pr4262ls-treasury-rubin.jpg Template:Sortname New York Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Lawrence Summers Treasury portrait.jpg Template:Sortname Massachusetts Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:OneilllPaul.jpg Template:Sortname Pennsylvania Template:Dts Template:Dts rowspan=5 style="background: Template:Party color;" | Template:Sortname
(2001–2009)
File:Kenneth Dam.jpg Template:Sortname
Template:SmallTemplate:Efn
Illinois Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:John W. Snow.jpg Template:Sortname Virginia Template:Dts Template:Dts
File:Robert Kimmitt, official Treasury photo.jpg Template:Sortname
Template:SmallTemplate:Efn
Virginia Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Henry Paulson official Treasury photo, 2006.jpg Template:Sortname Illinois Template:Dts Template:Dts
File:Stuart Levey.jpg Template:Sortname
Template:SmallTemplate:Efn
Ohio Template:Dts Template:Dts rowspan=4 style="background: Template:Party color;" | Template:Sortname
(2009–2017)
style="background: Template:Party color;" |75 File:Timothy Geithner official portrait.jpg Template:Sortname New York Template:Dts Template:Dts
File:Neal S. Wolin official portrait.jpg Template:Sortname
Template:SmallTemplate:Efn
Illinois Template:Dts Template:Dts
style="background: Template:Party color;" |Template:Color File:Jacob Lew official portrait.jpg Template:Sortname New York Template:Dts Template:Dts
File:Adam Szubin.jpg Template:Sortname
Template:SmallTemplate:Efn
Washington, D.C. Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(2017–2021)
style="background: Template:Party color;" |Template:Color File:Steven Mnuchin official photo (cropped).jpg Template:Sortname California Template:Dts Template:Dts
File:Andy Baukol.jpg Template:Sortname
Template:SmallTemplate:Efn
Virginia Template:Dts Template:Dts rowspan=2 style="background: Template:Party color;" | Template:Sortname
(2021–2025)
style="background: Template:Party color;" |Template:Color File:Secretary Janet Yellen portrait (cropped).jpg Template:Sortname California Template:Dts Template:Dts
File:David Lebryk.jpg Template:Sortname
Template:SmallTemplate:Efn
Indiana Template:Dts Template:Dts rowspan=2 style="background: Template:Party color; | Template:Sortname
(2025–present)
style="background: Template:Party color;" |Template:Color File:Official portrait of Treasury Secretary Scott Bessent (cropped).jpg Template:Sortname South Carolina Template:Dts Incumbent
File:Flag of the United States Secretary of the Treasury (1887-1915).png
Former flag of the Secretary of the Treasury, originating from the 19th century.

Succession

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Presidential succession

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The secretary of the treasury is fifth in the presidential line of succession, following the secretary of state and preceding the secretary of defense.<ref name="UnitedStatesCode|3|19"/>

Succession within the Department

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On August 16, 2016, President Barack Obama signed Executive Order 13735, which changed the order of succession for filling the Treasury Secretary's role when necessary. At any time when the secretary and the deputy secretary of the treasury have both died, resigned, or cannot serve as secretary for other reasons, the order designates which Treasury officers are next in line to serve as acting secretary.

The order of succession is:<ref>Template:Cite web Template:PD-notice</ref>

# Office
1* Under Secretaries of the Treasury
2 General Counsel of the Department of the Treasury
3* Deputy Under Secretaries of the Treasury and those Assistant Secretaries of the Treasury appointed by the President by and with the consent of the Senate
4 Chief of Staff
5 Assistant Secretary for Management
6 Fiscal Assistant Secretary
7 Commissioner of Internal Revenue, Internal Revenue Service
8 Commissioner, Bureau of the Fiscal Service
9 Deputy Commissioner, Fiscal Accounting and Shared Services, Bureau of the Fiscal Service
10 Commissioner, Wage and Investment Division, Internal Revenue Service
* In the order in which they shall have taken the oath of office as such officers.

Notes

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References

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