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. In addition, the deputy secretary is the only official other than the secretary who 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. Former Deputy Secretaries include Roger Altman, Lawrence Summers, Stuart E. Eizenstat, Kenneth W. Dam, and Samuel Bodman.
|Deputy Secretary of the Treasury of the United States|
Seal of the Department of Treasury
Flag of the Deputy Secretary of Treasury
|U.S. Department of Treasury|
|Reports to||Secretary of the Treasury|
with Senate advice and consent
|Term length||No fixed term|
|Formation||February 16, 1981|
|First holder||R. T. McNamar|
|Salary||Executive Schedule, level 2|
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., John W. Hanes II, and O. Max Gardner (1946–47).
List of Deputy Secretaries of the Treasury
|#||Name||Term Began||Term Ended||President(s) served under|
|1||R. T. McNamar||1981||1985||Ronald Reagan|
|2||Richard G. Darman||1985||1987|
|3||M. Peter McPherson||1987||1989|
|4||John E. Robson||1989||1992||George H.W. Bush|
|5||Roger Altman||1993||1994||Bill Clinton|
|6||Frank N. Newman||1994||1995|
|8||Stuart E. Eizenstat||1999||2001|
|9||Kenneth W. Dam||2001||2003||George W. Bush|
|10||Samuel Bodman||February 2004||January 2005|
|11||Robert M. Kimmitt||August 16, 2005||January 20, 2009|
|12||Neal S. Wolin||May 18, 2009||August 31, 2013||Barack Obama|
|13||Sarah Bloom Raskin||March 19, 2014||January 20, 2017|
|14||Justin Muzinich||December 12, 2018||Incumbent||Donald Trump|
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- "University of Chicago Law School > Kenneth Dam". Retrieved September 22, 2007.
- "Department of Energy - Samuel W. Bodman". Archived from the original on June 11, 2008. Retrieved September 22, 2007.
- "The Cabinet: Undersecretary No. 2". May 7, 1934. Retrieved September 24, 2018 – via content.time.com.
- "Governor O. Max Gardner: the politician". Archived from the original on July 11, 2011. Retrieved November 10, 2010.
- Jagoda, Naomi (April 2, 2018). "Trump names nominee to be deputy Treasury secretary". The Hill.
- "PN1803 - Nomination of Justin George Muzinich for Department of the Treasury, 115th Congress (2017-2018)". www.congress.gov. December 11, 2018. Retrieved December 16, 2018.
- "Ronald Reagan: Nomination of R. T. McNamar To Be Deputy Secretary of the Treasury". www.presidency.ucsb.edu. Retrieved September 24, 2018.
- "Ronald Reagan: Letter Accepting the Resignation of Richard G. Darman as Assistant to the President and Deputy to the Chief of Staff". www.presidency.ucsb.edu. Retrieved September 24, 2018.
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- "Frank N. Newman". www.nndb.com. Retrieved September 24, 2018.