United States Deputy Secretary of the Treasury

The Deputy Secretary of the Treasury, in the United States government, advises and assists the Secretary of the Treasury in the supervision and direction of the Department of the Treasury and its activities, and succeeds the Secretary in his absence, sickness, or unavailability. The Deputy Secretary plays a primary role in the formulation and execution of Treasury policies and programs in all aspects of the Department's activities.[1]

In addition, the Deputy Secretary is the only official other than the Secretary than can sign a Treasury Order, which is a document that delegates authority residing in the Secretary or Deputy Secretary to another Treasury official, establishes Treasury policy, and establishes the reporting relationships and supervision of officials.[2] Former Deputy Secretaries include Roger Altman,[3] Lawrence Summers,[4] Stuart E. Eizenstat,[5] Kenneth W. Dam,[6] and Samuel W. Bodman.[7]

The office of Deputy Secretary is the successor of the "Under Secretary of the Treasury", the former chief deputy to the Secretary. Today, several officials hold the title of "Under Secretary" of the Treasury. Among those who served as Under Secretary when it was the number-two position in the department include Dean Acheson, Henry Morgenthau, Jr., and O. Max Gardner (1946–47).[8][9]

Neal S. Wolin was announced as President Obama's nominee for Deputy Secretary on March 23, 2009.

List of Deputy Secretaries of the Treasury

Name Assumed Office Left Office President Appointed By Secretary Served Under
Roger Altman 1993 1994 Bill Clinton Lloyd Bentsen
Frank N. Newman[10] 1994 1995 Bill Clinton Lloyd Bentsen, Robert Rubin
Lawrence Summers 1995 1999 Bill Clinton Robert Rubin
Stuart E. Eizenstat 1999 2001 Bill Clinton Lawrence Summers
Kenneth W. Dam 2001 2003 George W. Bush Paul O'Neill, John W. Snow
Samuel Bodman February 2004 January 2005 George W. Bush John W. Snow
Robert M. Kimmitt August 16, 2005 January 20, 2009 George W. Bush John W. Snow, Henry Paulson
Neal S. Wolin May 2009 Present Barack Obama Timothy Geithner

References

  1. ^ ""U.S. Treasury - Duties & Functions of the Deputy Secretary of the Treasury"". http://www.treas.gov/education/duties/treas/d-sec-treasury.shtml. Retrieved September 22, 2007. 
  2. ^ ""U.S. Treasury - Orders and Directives"". http://www.treas.gov/regs/. Retrieved September 22, 2007. 
  3. ^ ""AllPolitics - Whitewater - Cast of Characters"". CNN. http://www.cnn.com/ALLPOLITICS/resources/1999/whitewater/players.html?eref=sitesearch. Retrieved September 22, 2007. 
  4. ^ ""History of the President's Office"". Archived from the original on July 4, 2007. http://web.archive.org/web/20070704140430/http://www.president.harvard.edu/history/27_summers/summers.html. Retrieved September 22, 2007. 
  5. ^ ""Covington & Burling LLP". Archived from the original on October 27, 2006. http://web.archive.org/web/20061027180057/http://www.cov.com/lawyers/seizenstat/biography.html. Retrieved November 23, 2006. 
  6. ^ ""University of Chicago Law School > Kenneth Dam"". http://www.law.uchicago.edu/faculty/dam/. Retrieved September 22, 2007. 
  7. ^ ""Department of Energy - Samuel W. Bodman"". http://www.energy.gov/organization/samuel_bodman.htm. Retrieved September 22, 2007. 
  8. ^ Time: "Undersecretary No. 2," May. 07, 1934
  9. ^ Governor O. Max Gardner: the politician
  10. ^ NNDB Profile
Deputy Secretary
of the Treasury
Under Secretary
of the Treasury
for International Affairs
Office of East Asia · Office of South and Southeast Asia Nations · Office of Europe & Eurasia · Office of the Western Hemisphere · Office of International Monetary Policy · Office of Banking and Securities · Office of International Debt Policy · Office of Development Policy · Office of Financing Operations · Office of African Nations · Office of the Middle East & North Africa · Office of International Trade · Office of International Investment · Office of Trade Finance · Office of Technical Assistance · Office of Risk & Research Analysis · Exchange Stabilization Fund
Under Secretary of
the Treasury for
Domestic Finance
Under Secretary of
the Treasury for Terrorism
and Financial Intelligence
Treasurer of the United States