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When was the US Treasury Department established?
United States Department of the Treasury federal executive department established in 1789.
What can the Federal Reserve NOT do?
The Federal Reserve cannot mint coins or print currency, which are functions of the Treasury Department. The Treasury Department is administered by the Secretary of the Treasury, whom is appointed by the President.
Where is the headquarters for the US Treasury located?
The United States Department of Treasury was established to manage the revenues of the government at a Federal level in 1789. Its headquarters are located at The Treasury Building in Washington, D.C.
Where does the money come from that the president spends in order to enforce the law?
Federal law enforcement officers and federal judges are paid by the federal government out of the US treasury.
Who was president when the first federal court system was established?
George Washington
Who does the federal reserve answer to?
The members of the Federal Reserve Board of Governors are appointed by the President of the United States with confirmation by the Senate. They cannot ordinarily be removed from their 14-year staggered terms of office. The President of the United States, through the Secretary of the Treasury, regulates the fiscal policy affecting the Federal Reserve System, in which directors are appointed by its own member banks. Congress regulates the Federal Reserve by statute, beginning with the Federal Reserve Act of 1913 that established it.
Who was President when Alexander Hamilton managed the Federal government's revenue?
George Washington was President when Alexander Hamilton served as Secretary of the Treasury, managing the federal government's revenue and also its enormous War debt.
What title does the minister responsible for the country's economy have?
In Canada, the Prime Minister and the Minister of Finance; in the U.K., the Prime Minister and the Exchequer of the Treasury; in the U.S., the President, the Secretary of the Treasury and the Chairman of the Federal Reserve.
When was Treasury Department Federal Credit Union created?
Treasury Department Federal Credit Union was created in 1935.
When did the US government establish the Federal Deposit Insurance Corporation?
The Federal Deposit Insurance Corporation was established by the US government in 1933. The amount of reserves furnished to the FDIC was $289 million which came from the US Treasury Department and the Federal Reserve.
Who controls the US Treasury?
The U.S. Treasury is controlled by the Secretary of the Treasury, who is a member of the President's Cabinet and is appointed by the President with the advice and consent of the Senate. The Treasury Department manages federal finances, collects taxes, issues currency, and advises on economic policy. Additionally, various officials and divisions within the Treasury oversee specific functions, such as the Internal Revenue Service (IRS) for tax collection. Overall, the Treasury operates under the broader authority of the Executive Branch of the U.S. government.
Alexander Hamilton never served as president. However he is honored on the 10 bill. Do you think this is appropriate?
Yes. He was a leader in setting up the monetary system of the US and served as the secretary of treasury where he established a firm fiscal policy and affirmed the power of the new federal government to collect taxes.
