U.S. DEPARTMENT OF THE TREASURY

Role of the Treasury

The U.S. Department of the Treasury’s mission is to maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic growth and stability at home and abroad, strengthen national security by combating threats and protecting the integrity of the financial system, and manage the U.S. Government’s finances and resources effectively.

Treasury’s mission highlights its role as the steward of U.S. economic and financial systems and as an influential participant in the world economy.

The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for various activities, such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury operates and maintains systems critical to the nation’s financial infrastructure, such as the production of coins and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. The Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise living standards, and predict and prevent economic and financial crises to the extent possible. The Treasury Department also performs a critical and far-reaching role in enhancing national security by implementing economic sanctions against foreign threats to the U.S., identifying and targeting the financial support networks of national security threats, and improving the safeguards of our financial systems.

ORGANIZATION

The Department of the Treasury is organized into two major components, the Departmental offices and the Operating Bureaus. The Departmental Offices are primarily responsible for formulating policy and managing the department. At the same time, the functional bureaus carry out the specific operations assigned to the Department. The bureaus make up 98% of the Treasury workforce. The primary functions of the Department of the Treasury include:

Managing Federal finances
Collecting taxes, duties, and monies paid to and due to the U.S. and paying all bills of the U.S.
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
They are investigating and prosecuting tax evaders, counterfeiters, and forgers