United States Department of the Treasury

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United States Department of the Treasury

The department of the federal government responsible for the printing of money, the collection of taxes, the regulation of banks, and the management of public debt. Created in 1789, the U.S. Treasury issues Treasury securities, which is debt that the American government uses to pay for some of its functions. It also administers the Internal Revenue Service, which collects taxes and decides how tax laws and regulations are enforced, and the U.S. Mint, which prints and disburses currency. The Treasury Department is responsible for investigating and prosecuting certain financial crimes, such as tax evasion and counterfeiting. It is headed by the Secretary of the Treasury, who is appointed by the President with the consent of the Senate.
References in periodicals archive ?
USA treasury secretary Timothy Geithner has unveiled a sweeping overhaul of financial regulations including additional controls over finance companies, but economic analysts took note of one glaring omission from the Obama administration plan: any mention of the raging debate over fair value accounting rules.
Minerva will have responsibility for all HSBC Bank USA treasury as well as functional responsibility for securities financing in North America.