United States Deputy Secretary of the Treasury
Encyclopedia
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 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.
Former Deputy Secretaries include Roger Altman
, Lawrence Summers
, Stuart E. Eizenstat
, Kenneth W. Dam
, and Samuel W. Bodman
.
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).
Neal S. Wolin
was announced as President Obama's nominee for Deputy Secretary on March 23, 2009.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
government, advises and assists the Secretary of the Treasury in the supervision and direction of the Department of the Treasury
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...
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 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.
Former Deputy Secretaries include Roger Altman
Roger Altman
Roger Charles Altman is an American investment banker, private equity investor and former United States Deputy Secretary of the Treasury who served under Bill Clinton.-Early life and career:...
, Lawrence Summers
Lawrence Summers
Lawrence Henry Summers is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. He was Director of the White House United States National Economic Council for President Barack Obama until November 2010.Summers is the...
, Stuart E. Eizenstat
Stuart E. Eizenstat
Stuart Eizenstat is a partner at Washington, D.C. law firm, Covington & Burling and senior strategist at APCO Worldwide. He is married to Frances Eizenstat, and has two sons and six grandchildren....
, Kenneth W. Dam
Kenneth W. Dam
Kenneth W. Dam served as Deputy Secretary of the Treasury from 2001 to 2003, where he specialized in international economic development...
, and Samuel W. Bodman
Samuel W. Bodman
Samuel Wright Bodman III was a United States Secretary of Energy and was previously Deputy Secretary of the U.S. Treasury Department.-Early life, career, and family:...
.
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
Dean Acheson
Dean Gooderham Acheson was an American statesman and lawyer. As United States Secretary of State in the administration of President Harry S. Truman from 1949 to 1953, he played a central role in defining American foreign policy during the Cold War...
, Henry Morgenthau, Jr.
Henry Morgenthau, Jr.
Henry Morgenthau, Jr. was the U.S. Secretary of the Treasury during the administration of Franklin D. Roosevelt. He played a major role in designing and financing the New Deal...
, and O. Max Gardner (1946–47).
Neal S. Wolin
Neal S. Wolin
Neal Steven Wolin is the current United States Deputy Secretary of the Treasury.Wolin was nominated by President Barack Obama in March 2009 and confirmed in May 2009. Prior to his confirmation as Deputy Secretary of the U.S...
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 President of the United States The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces.... Appointed By |
Secretary United States Secretary of the Treasury The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United... Served Under |
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Roger Altman Roger Altman Roger Charles Altman is an American investment banker, private equity investor and former United States Deputy Secretary of the Treasury who served under Bill Clinton.-Early life and career:... |
1993 | 1994 | Bill Clinton Bill Clinton William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation... |
Lloyd Bentsen Lloyd Bentsen Lloyd Millard Bentsen, Jr. was a four-term United States senator from Texas and the Democratic Party nominee for Vice President in 1988 on the Michael Dukakis ticket. He also served in the House of Representatives from 1949 to 1955. In his later political life, he was Chairman of the Senate... |
Frank N. Newman Frank N. Newman Frank Neil Newman is a United States banker who served as Under Secretary of the Treasury for Domestic Finance from 1993 to 1994 and as United States Deputy Secretary of the Treasury from 1994 to 1995.-Biography:... |
1994 | 1995 | Bill Clinton Bill Clinton William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation... |
Lloyd Bentsen Lloyd Bentsen Lloyd Millard Bentsen, Jr. was a four-term United States senator from Texas and the Democratic Party nominee for Vice President in 1988 on the Michael Dukakis ticket. He also served in the House of Representatives from 1949 to 1955. In his later political life, he was Chairman of the Senate... , Robert Rubin Robert Rubin Robert Edward Rubin served as the 70th United States Secretary of the Treasury during both the first and second Clinton administrations. Before his government service, he spent 26 years at Goldman Sachs eventually serving as a member of the Board, and Co-Chairman from 1990-1992... |
Lawrence Summers Lawrence Summers Lawrence Henry Summers is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. He was Director of the White House United States National Economic Council for President Barack Obama until November 2010.Summers is the... |
1995 | 1999 | Bill Clinton Bill Clinton William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation... |
Robert Rubin Robert Rubin Robert Edward Rubin served as the 70th United States Secretary of the Treasury during both the first and second Clinton administrations. Before his government service, he spent 26 years at Goldman Sachs eventually serving as a member of the Board, and Co-Chairman from 1990-1992... |
Stuart E. Eizenstat Stuart E. Eizenstat Stuart Eizenstat is a partner at Washington, D.C. law firm, Covington & Burling and senior strategist at APCO Worldwide. He is married to Frances Eizenstat, and has two sons and six grandchildren.... |
1999 | 2001 | Bill Clinton Bill Clinton William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation... |
Lawrence Summers Lawrence Summers Lawrence Henry Summers is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. He was Director of the White House United States National Economic Council for President Barack Obama until November 2010.Summers is the... |
Kenneth W. Dam Kenneth W. Dam Kenneth W. Dam served as Deputy Secretary of the Treasury from 2001 to 2003, where he specialized in international economic development... |
2001 | 2003 | George W. Bush George W. Bush George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000.... |
Paul O'Neill, John W. Snow John W. Snow | image=John W. Snow.jpg|imagesize = 250px| order=73rd| title=United States Secretary of the Treasury| term_start=February 3, 2003| term_end=June 28, 2006| predecessor=Paul O'Neill| successor=Henry Paulson| birth_date=| birth_place=Toledo, Ohio... |
Samuel Bodman | February 2004 | January 2005 | George W. Bush George W. Bush George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000.... |
John W. Snow John W. Snow | image=John W. Snow.jpg|imagesize = 250px| order=73rd| title=United States Secretary of the Treasury| term_start=February 3, 2003| term_end=June 28, 2006| predecessor=Paul O'Neill| successor=Henry Paulson| birth_date=| birth_place=Toledo, Ohio... |
Robert M. Kimmitt Robert M. Kimmitt Robert M. Kimmitt was United States Deputy Secretary of the Treasury under President George W. Bush. He was nominated by President Bush on June 29, 2005. The United States Senate unanimously confirmed him on July 29, 2005, and he was sworn into office on August 16, 2005... |
August 16, 2005 | January 20, 2009 | George W. Bush George W. Bush George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000.... |
John W. Snow John W. Snow | image=John W. Snow.jpg|imagesize = 250px| order=73rd| title=United States Secretary of the Treasury| term_start=February 3, 2003| term_end=June 28, 2006| predecessor=Paul O'Neill| successor=Henry Paulson| birth_date=| birth_place=Toledo, Ohio... , Henry Paulson Henry Paulson Henry Merritt "Hank" Paulson, Jr. is an American banker who served as the 74th United States Secretary of the Treasury. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs.-Early life and family:... |
Neal S. Wolin Neal S. Wolin Neal Steven Wolin is the current United States Deputy Secretary of the Treasury.Wolin was nominated by President Barack Obama in March 2009 and confirmed in May 2009. Prior to his confirmation as Deputy Secretary of the U.S... |
May 2009 | Present | Barack Obama Barack Obama Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in... |
Timothy Geithner |