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The Department
of the Treasury is organized into two major components: the Departmental
offices and the operating bureaus. The basic functions of the Department
of the Treasury include: Managing Federal finances;
Collecting taxes, duties and monies paid to and due to the
United States and paying all bills of the United States;
Producing all postage stamps, currency and coinage;
Managing Government accounts and the public debt;
Supervising national banks and thrift institutions;
Advising on domestic and international financial, monetary,
economic, trade and tax policy;
Enforcing Federal finance and tax laws;
Investigating and prosecuting tax evaders, counterfeiters,
forgers, smugglers, illicit spirits distillers, and gun law violators;
Protecting the President, Vice President, their families,
candidates for those offices, foreign missions resident in Washington
and visiting foreign dignitaries. Treasurer
of the United States This is the only office within the Treasury
Department older than the Department itself. It was established
on September 6, 1777. The Treasurer was originally charged with
the receipt and custody of government funds, though many of these
functions have been taken over by different bureaus of the Department
of the Treasury. Responsibility for oversight of the Bureau of
Engraving and Printing, the United States Mint, and the
United States Savings Bonds Division was assigned to the
Treasurer in 1981.The
Under Secretary for Domestic Finance advises and assists the
Secretary of the Treasury and the Deputy Secretary of the Treasury
in the areas of domestic finance, banking, and other related economic
matters. This includes the development of policies for Treasury
Department activities in the areas of financial institutions, Federal
debt management, financial regulation, and capital markets.
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