United States Secretary of the Treasury

United States Secretary of the Treasury
Seal of the Department of the Treasury
Flag of the Secretary of the Treasury
Incumbent Janet Yellen since January 26, 2021
United States Department of the Treasury
Style	Madam Secretary (informal) The Honorable (formal)
Member of	Cabinet National Security Council
Reports to	President of the United States
Seat	Washington, D.C.
Appointer	President of the United States with Senate advice and consent
Term length	At the pleasure of the President
Constituting instrument	31 U.S.C. § 301
Formation	September 11, 1789; 234 years ago (1789-09-11)
First holder	Alexander Hamilton
Succession	Fifth[1]
Deputy	United States Deputy Secretary of the Treasury[2]
Salary	Executive Schedule, Level I[3]
Website	www.treasury.gov

The United States Secretary of the Treasury is the head of the United States Department of the Treasury. The Secretary is concerned with finance and monetary matters, and, until 2003, some issues of national security and defense. This position in the Federal Government of the United States is similar to the finance ministers of other nations.

From the U.S. Department of the Treasury website Archived 2010-11-19 at the Wayback Machine:

"The Secretary of the Treasury is the principal economic advisor to the President and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the government. The Secretary is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt. The Secretary oversees the activities of the Department in carrying out its major law enforcement responsibilities; in serving as the financial agent for the United States Government; and in manufacturing coins and currency.

"The Chief Financial Officer of the government, the Secretary serves as Chairman Pro Tempore of the President's Economic Policy Council, Chairman of the Boards and Managing Trustee of the Social Security and Medicare Trust Funds, and as U.S. Governor of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development."

1. ↑ "3 U.S. Code § 19 - Vacancy in offices of both President and Vice President; officers eligible to act". LII / Legal Information Institute.
2. ↑ 31 U.S.C. § 301
3. ↑ 5 U.S.C. § 5312