Treasurer of the United States

Not to be confused with United States Secretary of the Treasury.

Treasurer of the United States
File:Marilynn Malerba, U.S. Treasurer.jpg Incumbent Marilynn Malerba since September 12, 2022
United States Department of Treasury
Reports to	United States Secretary of the Treasury United States 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 (1777-05-14)
First holder	Michael Hillegas

The treasurer of the United States is an officer in the United States Department of the Treasury who serves as the custodian and trustee of the federal government's collateral assets and the supervisor of the department's currency and coinage production functions. As of September 12, 2022, the treasurer is Marilynn Malerba, who is the first Native American to hold the office.

Responsibilities

By law, 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. The treasurer also directly oversees the Bureau of Engraving and Printing (BEP) and the United States Mint, which respectively print and mint U.S. currency and coinage. In connection to the influence of federal monetary policy on currency and coinage production, the treasurer liaises on a regular basis with the Federal Reserve. The duty perhaps most widely associated with the treasurer of the United States is affixing a facsimile signature to all Federal Reserve notes. Federal law requires both the treasurer's signature and the treasury secretary's countersignature for Federal Reserve notes to be considered legal tender. Moreover, the treasurer serves as a senior advisor and representative of the Treasury Department on behalf of the secretary in the areas of community development and public engagement.

History

Creation

On July 29, 1775, long before the Department of the Treasury ever existed, the Second Continental Congress established the Treasury Office to manage revolutionary wartime finances. Congress chose George Clymer and Michael Hillegas as joint treasurers of the United Colonies. On August 6, 1776, however, Clymer resigned from his post, thus making Hillegas the sole incumbent. The position received its current name on May 14, 1777, while Hillegas was still in office.

Change in functions over the years

The post of U.S. treasurer predates the United States Constitution. The treasurer was originally charged with the receipt and custody of all government funds independent of the treasury secretary, not unlike today's elected state treasurers. Beginning in 1939, the Office of the Treasurer and its cash management activities were brought under the direction of a broader Fiscal Service, one that also coordinated governmentwide accounting and debt management. Later in 1974, the cash management function in its entirety was transferred from the treasurer to what is now known as the Bureau of the Fiscal Service as a cost-saving measure. Responsibility for oversight of the Bureau of Engraving and Printing (BEP) and the United States Mint was later assigned to the treasurer in 1981. In 1994, the treasurer was also named National Honorary Director of the U.S. Savings Bonds Campaign and therefore assigned the task of promoting - as opposed to managing - the program. More recently, the requirement of the United States Senate confirmation for the appointment was dropped in August 2012. Since the resignation of Elizabeth Rudel Smith in 1962, the non-continuous total length of time the office has been vacant is nearly 4,700 days, nearly thirteen years, while in the 180+ years prior to that, such time totaled less than a year.

Female officeholders

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 several of those women have also been Hispanic, starting with Romana Acosta Bañuelos in 1971.

List of treasurers

No.	Name	Term of office	President(s) served under
1	File:Michael Hillegas (Engraved Portrait).jpg File:Michael Hillegas signature.png 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.
2	Samuel Meredith	September 11, 1789 – December 1, 1801 (12 years, 81 days)	George Washington John Adams Thomas Jefferson
3	File:Thomas Tudor Tucker (1745-1828).jpg 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	File:WilliamClarkPA.jpg 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	File:Colonel John Sloane.jpg 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	File:William C Price.jpg William C. Price	February 28, 1860 – March 21, 1861 (1 year, 21 days)	James Buchanan Abraham Lincoln
10	File:Francis Elias Spinner.jpg File:Francis E. Spinner signature.png Francis E. Spinner	March 16, 1861 – July 30, 1875 (14 years, 136 days)	Abraham Lincoln Andrew Johnson Ulysses S. Grant
11	File:JohnChalfantNew.jpg File:John Chalfant New (Engraved Signature).jpg John C. New	June 30, 1875 – July 1, 1876 (1 year, 1 day)	Ulysses S. Grant
12	File:A U Wyman.jpg File:Albert Uriah Wyman (Engraved Signature).jpg A. U. Wyman	July 1, 1876 – June 30, 1877 (364 days)	Ulysses S. Grant Rutherford B. Hayes
13	File:James Gilfillan, treasurer U.S. LCCN94515317.jpg File:James Gilfillan (Engraved Signature).jpg James Gilfillan	July 1, 1877 – March 31, 1883 (5 years, 273 days)	Rutherford B. Hayes James A. Garfield Chester A. Arthur
14	File:A U Wyman.jpg File:Albert Uriah Wyman (Engraved Signature).jpg A. U. Wyman	April 1, 1883 – April 30, 1885 (2 years, 29 days)	Chester A. Arthur Grover Cleveland
15	File:Conrad N. Jordan (Engraved Signature).jpg Conrad N. Jordan	May 1, 1885 – March 23, 1887 (1 year, 326 days)	Grover Cleveland
62 days vacant
16	File:James W. Hyatt.jpg File:James W. Hyatt (Engraved Signature).jpg James W. Hyatt	May 24, 1887 – May 10, 1889 (1 year, 351 days)	Grover Cleveland Benjamin Harrison
17	File:James N Huston.jpg File:James N. Huston (Engraved Signature).jpg James N. Huston	May 11, 1889 – April 24, 1891 (1 year, 348 days)	Benjamin Harrison
18	File:Enos Hook Nebeker.jpg File:Enos H. Nebeker (Engraved Signature).jpg Enos H. Nebeker	April 25, 1891 – May 31, 1893 (2 years, 36 days)	Benjamin Harrison Grover Cleveland
19	File:Daniel N. Morgan - NARA - 516592 (56-P-13)-retouched.jpg File:Daniel Nash Morgan (Engraved Signature).jpg Daniel N. Morgan	June 1, 1893 – June 30, 1897 (4 years, 29 days)	Grover Cleveland William McKinley
20	File:Ellis Henry Roberts.jpg File:Ellis Henry Roberts (Engraved Signature).jpg Ellis H. Roberts	July 1, 1897 – June 30, 1905 (7 years, 364 days)	William McKinley Theodore Roosevelt
21	File:Charles Henry Treat (Engraved Signature).jpg Charles H. Treat	July 1, 1905 – October 30, 1909 (4 years, 121 days)	Theodore Roosevelt William Howard Taft
22	File:Lee McClung cph.3b13208.jpg File:Thomas Lee McClung (Engraved Signature).jpg Lee McClung	November 1, 1909 – November 21, 1912 (3 years, 20 days)	William Howard Taft
23	File:Carmi Thompson.png File:Carmi Alderman Thompson (Engraved Signature).jpg Carmi A. Thompson	November 22, 1912 – March 31, 1913 (129 days) (served the shortest term)	William Howard Taft Woodrow Wilson
24	File:JohnBurke1908.png File:John Burke (Engraved Signature).jpg John Burke	April 1, 1913 – January 5, 1921 (7 years, 279 days)	Woodrow Wilson
117 days vacant
25	File:Frank White, governor of North Dakota.gif File:Frank White (Engraved Signature).jpg Frank White	May 2, 1921 – May 1, 1928 (6 years, 365 days)	Warren G. Harding Calvin Coolidge
30 days vacant
26	File:H. Theodore Tate LOC npcc.05644.jpg Harold Theodore Tate	May 31, 1928 – January 17, 1929 (231 days)	Calvin Coolidge
27	File:Walter Orr Woods (Engraved Signature).jpg W. O. Woods	January 18, 1929 – May 31, 1933 (4 years, 133 days)	Calvin Coolidge Herbert Hoover Franklin Delano Roosevelt
28	File:William Alexander Julian - April 18, 1938.jpg File:Julian, William Alexander (engraved signature).jpg William Alexander Julian	June 1, 1933 – May 29, 1949 (15 years, 362 days)	Franklin D. Roosevelt Harry S. Truman
23 days vacant
29	File:Georgia Neese Clark cph.3f05813.jpg File:Clark, Georgia Neese (engraved signature).jpg Georgia Neese Clark	June 21, 1949 – January 27, 1953 (3 years, 220 days)	Harry S. Truman Dwight D. Eisenhower
30	File:Ivy Baker Priest, 1971.jpg File:Priest, Ivy Baker (engraved signature).jpg Ivy Baker Priest	January 28, 1953 – January 29, 1961 (8 years, 1 day)	Dwight D. Eisenhower John F. Kennedy
31	File:JFKWHP-AR6410-B-cropped.jpg File:Smith, Elizabeth Rudell (engraved signature).jpg Elizabeth Rudel Smith	January 30, 1961 – April 13, 1962 (1 year, 73 days)	John F. Kennedy
265 days vacant
32	File:Kathryn Granahan.jpg File:Granahan, Kathryn O'Hay (engraved signature).jpg 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	May 8, 1969 – July 3, 1971 (2 years, 56 days)	Richard Nixon
167 days vacant
34	File:Banuelos.jpg File:Romana Acosta Bañuelos sig.jpg Romana Acosta Bañuelos	December 17, 1971 – February 14, 1974 (2 years, 59 days)	Richard Nixon
127 days vacant
35	File:Francine I Neff sig.jpg Francine Irving Neff	June 21, 1974 – January 19, 1977 (2 years, 212 days)	Richard Nixon Gerald Ford
236 days vacant
36	File:Azie Taylor Morton.jpg File:Azie Taylor Morton sig.jpg Azie Taylor Morton	September 12, 1977 – January 20, 1981 (3 years, 130 days)	Jimmy Carter
56 days vacant
37	File:Angela M Buchanan sig.jpg Angela Marie Buchanan	March 17, 1981 – July 5, 1983 (2 years, 110 days)	Ronald Reagan
79 days vacant
38	File:ETH-BIB-Katherine Davalos Ortega, amerikanische Schatzmeisterin-Com LC1501-00D-006-001.tif File:Katherine Davalos Ortega sig.jpg Katherine D. Ortega	September 22, 1983 – July 1, 1989 (5 years, 282 days)	Ronald Reagan George H. W. Bush
163 days vacant
39	File:Catalina V Villalpando sig.jpg Catalina Vasquez Villalpando	December 11, 1989 – January 20, 1993 (3 years, 40 days)	George H. W. Bush
405 days vacant
40	File:Mary Ellen Withrow.jpg File:Mary Ellen Withrow sig.jpg Mary Ellen Withrow	March 1, 1994 – January 20, 2001 (6 years, 325 days)	Bill Clinton
208 days vacant
41	File:Rosario marin.jpg File:Rosario Marin sig.jpg Rosario Marin	August 16, 2001 – June 30, 2003 (1 year, 318 days)	George W. Bush
569 days vacant
42	File:Anna Escobedo Cabral, official Treasury photo.jpg File:Anna Escobedo Cabral sig.jpg Anna Escobedo Cabral	January 19, 2005 – January 20, 2009 (4 years, 1 day)	George W. Bush
198 days vacant
43	File:Hi-res-rosa-rios.jpg File:Rosa Gumataotao Rio Signature.jpg Rosa Gumataotao Rios	August 6, 2009 – July 11, 2016 (6 years, 340 days)	Barack Obama
343 days vacant
44	File:Jovita Carranza official photo (cropped).jpg Jovita Carranza	June 19, 2017 – January 14, 2020 (2 years, 209 days)	Donald Trump
972 days vacant
45	File:Marilynn Malerba, U.S. Treasurer (cropped).jpg Marilynn Malerba	September 12, 2022 – present (2 years, 127 days)	Joe Biden

See also

• Register of the Treasury

External links

• Official website
• "Treasurers of the United States". History of the Treasury. United States Department of the Treasury. Retrieved April 16, 2022.