Functions of the Treasury Department


Bureau of Engraving and Printing (BEP) makes our paper currency 

United States Mint produces our coins

Internal Revenue Service (IRS) collects income taxes and other revenue.

United States Customs Service

Bureau of Alcohol, Tobacco, and Firearms (ATF)

United States Secret Service

Financial Management Service (FMS) Maintains the Federal Gov. accounts

Bureau of the Public Debt Processing the sale of Treasury bonds, notes and bills

Office of the Comptroller of the Currency (OCC) and the

Office of Thrift Supervision (OTS) each oversee and regulate savings institutions and National banks.

 


Internal Revenue Service was created and established in

The Internal Revenue Service (IRS) in 1862, Congress passed a law  establishing it as the Bureau of Internal Revenue. In 1953 following a reorganization of its function, its name became the Internal Revenue Service.

 


"Oath of Office" taken by officials

prescribed by the U.S. Constitution, is taken by the President and Vice President,  Senators all Congress, all executive/judicial officers, and Federal government employees. But not the Secretary of Treasury ?????

“I do solemnly swear (or affirm) that I will faithfully execute the Office of (the appropriate office), and will to the best of my ability, preserve, protect and defend the Constitution of the United States”.

 


Dates Served           President

1789 – 1797              Washington

1829 – 1837              Jackson

1861 – 1865              Lincoln

1881 – 1881              Garfield

1902 – 1909              T. Roosevelt

1909 – 1913              Taft

1913 -  1921              Wilson

1933 – 1945              F.D. Roosevelt

1961 – 1965              Kennedy

 


The Bureau of Engraving and Printing The BEP produced 37 million notes each day with a value of $696 million, 45% are the $1.

 

 

Details