Treasurer of the United States
Treasurer of the United States | |
---|---|
United States Department of Treasury | |
Reports to | Secretary of the Treasury Deputy Secretary of the Treasury |
Seat | Treasury Building Washington, D.C. |
Appointer | President of the United States |
Term length | No fixed term |
Formation | May 14, 1777 |
First holder | Michael Hillegas |
The treasurer of the United States is an official in the United States Department of the Treasury who has direct oversight over the United States Mint and Fort Knox, and is a key liaison with the Federal Reserve.[1] The treasurer serves as a senior advisor to the secretary of the treasury in the areas of community development and public engagement.
The treasurer is the depositary officer of the United States with regard to deposits of gold, Special Drawing Rights, and financial gifts to the Library of Congress.[2][3] Officeholder along with the treasury secretary must sign Federal Reserve notes before they can become legal tender.[4][5]
The current treasurer is Marilynn Malerba, who is the first Native American to hold the post.[6]
History
On July 29, 1775, the Second Continental Congress created the Treasury Office for the purpose of managing revolutionary war finances. Congress selected both George Clymer and Michael Hillegas to serve jointly as the United Colonies Treasurers. However, on August 6, 1776, Clymer resigned from the post making Hillegas the sole officeholder. The position received its current name on May 14, 1777, while Hillegas was still in office.[1][7]
Georgia Neese Clark Gray became treasurer on June 21, 1949, making her the first woman to hold the office. Since then, every subsequent treasurer has been a woman, and seven of the past eleven treasurers have also been Hispanic, starting with Romana Acosta Bañuelos, who became the first person of color to hold the position.[8][9]
Treasurer assigned ceremonial supervision of the United States Savings Bonds Division (now the Savings Bond Marketing Office within the Bureau of the Public Debt) since 1979, and Bureau of Engraving and Printing and the United States Mint since 1981, with both agencies directors reported directly to the treasurer, who then reported to the deputy secretary of the treasury.[10][7] Office of the Treasurer has been dropped off these formal oversight duties in 2002, following another major reorganization. Officeholder currently advises the director of the United States Mint, the director of the Bureau of Engraving and Printing, the secretary, and the deputy secretary of the treasury on matters relating to coinage, currency, and the production of other instruments by the United States.
The requirement of the United States Senate confirmation for the appointment was dropped in August 2012.[11]
Since the resignation of Elizabeth Rudel Smith in 1962, the length of time the office has been vacant totals more than 4,700 days, nearly thirteen years, while in the 180+ years prior to that, such time totaled less than a year.
List of treasurers
No. | Name | Term of office | President(s) served under |
---|---|---|---|
1 | ![]() ![]() Michael Hillegas |
July 29, 1775 – September 11, 1789 (14 years, 44 days) |
George Washington (also served under Confederation Congress) |
Hillegas served jointly with George Clymer until August 6, 1776. The title of the office was "Treasurer of the United Colonies" until May 14, 1777.[7] | |||
2 | Samuel Meredith | September 11, 1789 – December 1, 1801 (12 years, 81 days) |
George Washington John Adams Thomas Jefferson |
3 | ![]() Thomas T. Tucker |
December 1, 1801 – May 2, 1828 (26 years, 153 days) (served the longest term) |
Thomas Jefferson James Madison James Monroe John Quincy Adams |
33 days vacant | |||
4 | ![]() William Clark |
June 4, 1828 – May 26, 1829 (356 days) |
John Quincy Adams Andrew Jackson |
5 | John Campbell | May 26, 1829 – July 20, 1839 (10 years, 55 days) |
Andrew Jackson Martin Van Buren |
2 days vacant | |||
6 | William Selden | July 22, 1839 – November 23, 1850 (11 years, 124 days) (served under the most presidents) |
Martin Van Buren William Henry Harrison John Tyler James K. Polk Zachary Taylor Millard Fillmore |
4 days vacant | |||
7 | ![]() John Sloane |
November 27, 1850 – April 1, 1853 (2 years, 125 days) |
Millard Fillmore Franklin Pierce |
3 days vacant | |||
8 | Samuel L. Casey | April 4, 1853 – December 22, 1859 (6 years, 262 days) |
Franklin Pierce James Buchanan |
68 days vacant | |||
9 | ![]() William C. Price |
February 28, 1860 – March 21, 1861 (1 year, 21 days) |
James Buchanan Abraham Lincoln |
10 | ![]() ![]() Francis E. Spinner |
March 16, 1861 – July 30, 1875 (14 years, 136 days) |
Abraham Lincoln Andrew Johnson Ulysses S. Grant |
11 | ![]() ![]() John C. New |
June 30, 1875 – July 1, 1876 (1 year, 1 day) |
Ulysses S. Grant |
12 | ![]() ![]() A. U. Wyman |
July 1, 1876 – June 30, 1877 (364 days) |
Ulysses S. Grant Rutherford B. Hayes |
13 | ![]() ![]() James Gilfillan |
July 1, 1877 – March 31, 1883 (5 years, 273 days) |
Rutherford B. Hayes James A. Garfield Chester A. Arthur |
14 | ![]() ![]() A. U. Wyman |
April 1, 1883 – April 30, 1885 (2 years, 29 days) |
Chester A. Arthur Grover Cleveland |
15 | ![]() Conrad N. Jordan |
May 1, 1885 – March 23, 1887 (1 year, 326 days) |
Grover Cleveland |
62 days vacant | |||
16 | ![]() ![]() James W. Hyatt |
May 24, 1887 – May 10, 1889 (1 year, 351 days) |
Grover Cleveland Benjamin Harrison |
17 | ![]() ![]() James N. Huston |
May 11, 1889 – April 24, 1891 (1 year, 348 days) |
Benjamin Harrison |
18 | ![]() ![]() Enos H. Nebeker |
April 25, 1891 – May 31, 1893 (2 years, 36 days) |
Benjamin Harrison Grover Cleveland |
19 | ![]() ![]() Daniel N. Morgan |
June 1, 1893 – June 30, 1897 (4 years, 29 days) |
Grover Cleveland William McKinley |
20 | ![]() ![]() Ellis H. Roberts |
July 1, 1897 – June 30, 1905 (7 years, 364 days) |
William McKinley Theodore Roosevelt |
21 | ![]() Charles H. Treat |
July 1, 1905 – October 30, 1909 (4 years, 121 days) |
Theodore Roosevelt William Howard Taft |
22 | ![]() ![]() Lee McClung |
November 1, 1909 – November 21, 1912 (3 years, 20 days) |
William Howard Taft |
23 | ![]() ![]() Carmi A. Thompson |
November 22, 1912 – March 31, 1913 (129 days) (served the shortest term) |
William Howard Taft Woodrow Wilson |
24 | ![]() ![]() John Burke |
April 1, 1913 – January 5, 1921 (7 years, 279 days) |
Woodrow Wilson |
117 days vacant | |||
25 | ![]() ![]() Frank White |
May 2, 1921 – May 1, 1928 (6 years, 365 days) |
Warren G. Harding Calvin Coolidge |
30 days vacant | |||
26 | ![]() Harold Theodore Tate |
May 31, 1928 – January 17, 1929 (231 days) |
Calvin Coolidge |
27 | ![]() W. O. Woods |
January 18, 1929 – May 31, 1933 (4 years, 133 days) |
Calvin Coolidge Herbert Hoover Franklin Delano Roosevelt |
28 | ![]() ![]() William Alexander Julian |
June 1, 1933 – May 29, 1949 (15 years, 362 days) |
Franklin D. Roosevelt Harry S. Truman |
23 days vacant | |||
29 | ![]() ![]() Georgia Neese Clark |
June 21, 1949 – January 27, 1953 (3 years, 220 days) |
Harry S. Truman Dwight D. Eisenhower |
30 | ![]() Ivy Baker Priest |
January 28, 1953 – January 29, 1961 (8 years, 1 day) |
Dwight D. Eisenhower John F. Kennedy |
31 | ![]() Elizabeth Rudel Smith |
January 30, 1961 – April 13, 1962 (1 year, 73 days) |
John F. Kennedy |
265 days vacant | |||
32 | ![]() ![]() Kathryn O'Hay Granahan |
January 3, 1963 – November 22, 1966 (3 years, 323 days) |
John F. Kennedy Lyndon B. Johnson |
898 days vacant | |||
33 | Dorothy Andrews Elston[12] | May 8, 1969 – July 3, 1971 (2 years, 56 days) |
Richard Nixon |
167 days vacant | |||
34 | ![]() ![]() Romana Acosta Bañuelos |
December 17, 1971 – February 14, 1974 (2 years, 59 days) |
Richard Nixon |
127 days vacant | |||
35 | ![]() Francine Irving Neff |
June 21, 1974 – January 19, 1977 (2 years, 212 days) |
Richard Nixon Gerald Ford |
236 days vacant | |||
36 | ![]() ![]() Azie Taylor Morton |
September 12, 1977 – January 20, 1981 (3 years, 130 days) |
Jimmy Carter |
56 days vacant | |||
37 | ![]() Angela Marie Buchanan |
March 17, 1981 – July 5, 1983 (2 years, 110 days) |
Ronald Reagan |
79 days vacant | |||
38 | ![]() Katherine D. Ortega |
September 22, 1983 – July 1, 1989 (5 years, 282 days) |
Ronald Reagan George H. W. Bush |
163 days vacant | |||
39 | ![]() Catalina Vasquez Villalpando |
December 11, 1989 – January 20, 1993 (3 years, 40 days) |
George H. W. Bush |
405 days vacant | |||
40 | ![]() ![]() Mary Ellen Withrow |
March 1, 1994 – January 20, 2001 (6 years, 325 days) |
Bill Clinton |
208 days vacant | |||
41 | ![]() ![]() Rosario Marin |
August 16, 2001 – June 30, 2003 (1 year, 318 days) |
George W. Bush |
569 days vacant | |||
42 | ![]() ![]() Anna Escobedo Cabral |
January 19, 2005 – January 20, 2009 (4 years, 1 day) |
George W. Bush |
198 days vacant | |||
43 | ![]() Rosa Gumataotao Rios |
August 6, 2009 – July 11, 2016 (6 years, 340 days) |
Barack Obama |
343 days vacant | |||
44 | ![]() Jovita Carranza |
June 19, 2017 – January 14, 2020 (2 years, 209 days) |
Donald Trump |
972 days vacant | |||
45 | ![]() Marilynn Malerba |
September 12, 2022 – present (346 days) |
Joe Biden |
See also
References
- ^ a b "Treasurer". home.treasury.gov. U.S. Department of the Treasury. Archived from the original on August 31, 2022. Retrieved September 1, 2022.
- ^ : Deposits of gold coin, gold certificates, and Special Drawing Right certificates with United States Treasurer
- ^ : Funds of Library of Congress Trust Fund Board; management of
- ^ "Act of Congress Establishing the Treasury Department". home.treasury.gov. U.S. Department of the Treasury. Archived from the original on April 12, 2022. Retrieved September 1, 2022.
- ^ "What is lawful money? How is it different from legal tender?". federalreserve.gov. September 29, 2011. Archived from the original on October 11, 2011. Retrieved September 30, 2011.
- ^ Hussein, Fatima (September 12, 2022). "Malerba sworn in as 1st Native American in US Treasurer post". apnews.com. Archived from the original on September 15, 2022. Retrieved September 13, 2022.
- ^ a b c "History of the Treasury". home.treasury.gov. U.S. Department of the Treasury. Archived from the original on August 29, 2022. Retrieved September 1, 2022.
- ^ Hocking, Bree (February 15, 2005). "Latina Treasurer Trend Creates a Mystery in D.C." rollcall.com. Archived from the original on January 27, 2021. Retrieved February 16, 2005.
- ^ Cruz, Lenika (August 13, 2014). "Why Have All the U.S. Treasurers Since 1949 Been Women?". theatlantic.com. Archived from the original on August 14, 2014. Retrieved August 14, 2014.
- ^ "Records of the Treasurer of the United States". archives.gov. National Archives. Archived from the original on May 15, 2022. Retrieved September 1, 2022.
- ^ Carey, Maeve P. (October 9, 2012). Presidential Appointments, the Senate's Confirmation Process, and Changes Made in the 112th Congress (PDF) (Report). Congressional Research Service. p. 19. Archived (PDF) from the original on September 1, 2022. Retrieved September 12, 2022.
Appendix A. Positions That No Longer Require Senate Confirmation Under P.L. 112-166
- ^ Treasurers of the United States
External links
- Official website
- "Treasurers of the United States". History of the Treasury. United States Department of the Treasury. Retrieved April 16, 2022.