The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States,where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and minting coins,while the treasury executes currency circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service;manages U.S. government debt instruments;licenses and supervises banks and thrift institutions;and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury,who is a member of the Cabinet. The treasurer of the United States has limited statutory duties,but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes.
Lower Burrell is a city in northern Westmoreland County,Pennsylvania,United States,along the Allegheny River. Located approximately 18 miles northeast of downtown Pittsburgh,it is part of the Pittsburgh metropolitan area. The population was 11,758 at the 2020 census.
Federal Reserve Notes,also United States banknotes,are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. The Reserve Banks then circulate the notes to their member banks,at which point they become liabilities of the Reserve Banks and obligations of the United States.
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. The current treasurer is Marilynn Malerba,who is the first Native American to hold the office.
The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government,most notable of which is Federal Reserve Notes for the Federal Reserve,the nation's central bank. In addition to paper currency,the BEP produces Treasury securities;military commissions and award certificates;invitations and admission cards;and many different types of identification cards,forms,and other special security documents for a variety of government agencies. The BEP is one of two U.S. agencies in currency production in the case of printing paper currency;the other is the United States Mint,which mints coinage. With production facilities in Washington,D.C.,and Fort Worth,Texas,the Bureau of Engraving and Printing is the largest producer of government security documents in the United States.
The United States five-dollar bill ($5) is a denomination of United States currency. The current $5 bill features U.S. president Abraham Lincoln and the Great Seal of the United States on the front and the Lincoln Memorial on the back. All $5 bills issued today are Federal Reserve Notes. As of December 2018,the average life of a $5 bill in circulation is 4.7 years before it is replaced due to wear. Approximately 6% of all paper currency produced by the U.S. Treasury's Bureau of Engraving and Printing in 2009 were $5 bills.
The United States ten-dollar bill ($10) is a denomination of U.S. currency. The obverse of the bill features the portrait of Alexander Hamilton,who served as the first U.S. Secretary of the Treasury,two renditions of the torch of the Statue of Liberty,and the words "We the People" from the original engrossed preamble of the United States Constitution. The reverse features the U.S. Treasury Building. All $10 bills issued today are Federal Reserve Notes.
The United States twenty-dollar bill ($20) is a denomination of U.S. currency. A portrait of Andrew Jackson,the seventh U.S. president (1829–1837),has been featured on the obverse of the bill since 1928;the White House is featured on the reverse.
The United States one-dollar bill (US$1),sometimes referred to as a single,has been the lowest value denomination of United States paper currency since the discontinuation of U.S. fractional currency notes in 1876. An image of the first U.S. president (1789–1797),George Washington,based on the Athenaeum Portrait,a 1796 painting by Gilbert Stuart,is currently featured on the obverse,and the Great Seal of the United States is featured on the reverse. The one-dollar bill has the oldest overall design of all U.S. currency currently being produced. The reverse design of the present dollar debuted in 1935,and the obverse in 1963 when it was first issued as a Federal Reserve Note.
The history of the United States dollar began with moves by the Founding Fathers of the United States of America to establish a national currency based on the Spanish silver dollar,which had been in use in the North American colonies of the Kingdom of Great Britain for over 100 years prior to the United States Declaration of Independence. The new Congress's Coinage Act of 1792 established the United States dollar as the country's standard unit of money,creating the United States Mint tasked with producing and circulating coinage. Initially defined under a bimetallic standard in terms of a fixed quantity of silver or gold,it formally adopted the gold standard in 1900,and finally eliminated all links to gold in 1971.
Jacob Joseph Lew is an American attorney and diplomat serving as the United States ambassador to Israel. He was the seventy-sixth United States secretary of the treasury from 2013 to 2017. A member of the Democratic Party,he also served as the twenty-fifth White House chief of staff from 2012 to 2013 and as director of the Office of Management and Budget in both the Clinton administration and Obama administration.
Stephen Markley Young is an American diplomat who was the Consul General of the Consulate General of the United States in Hong Kong under the State department in the Obama administration.
Barack Obama assumed office as President of the United States on January 20,2009,and his term ended on January 20,2017. The president has the authority to nominate members of his Cabinet to the United States Senate for confirmation under the Appointments Clause of the United States Constitution.
Rosa Gumataotao Rios is an American academic. She served as the 43rd Treasurer of the United States and is a visiting scholar at the Radcliffe Institute for Advanced Study at Harvard University.
Larry R. Felix is an American civil servant who served as the Director of the Bureau of Engraving and Printing (BEP) within the United States Department of the Treasury from 2006 to 2015.
Peter H. Daly was an official in the United States Department of the Treasury who was Director of the Bureau of Engraving and Printing from 1988 to 1995.
Henry J. Holtzclaw was an official in the United States Department of the Treasury who was Director of the Bureau of Engraving and Printing from 1954 to 1967.
Orsamus Hylas Irish (1830–1883) was an official in the United States Department of the Treasury who served as Chief of the Bureau of Engraving and Printing from 1878 to 1883.
Adewale O. "Wally" Adeyemo is an American government official serving as the United States deputy secretary of the treasury. He was the first president of the Obama Foundation and also served during the Obama administration as the deputy national security advisor for international economics from 2015 to 2016 and deputy director of the National Economic Council.
