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 the secretary’s 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).
The current Deputy Secretary is Justin Muzinich. President Donald Trump announced his nomination of Muzinich on March 13, 2018. The nomination was confirmed by the U.S. Senate on a vote of 55–44.
On November 30, 2020, President-Elect Joe Biden announced that he would be nominating Adewale "Wally" Adeyemo as U.S. Deputy Secretary of the Treasury. If confirmed, Adeyemo would become the first African American Deputy Secretary of the Treasury.
List of Deputy Secretaries of the TreasuryEdit
|#||Image||Name||Term began||Term ended||Secretaries of the Treasury Serving Under||President(s) served under|
|1||—||R. T. McNamar||20 January 1981||7 October 1985||Donald Regan||Ronald Reagan|
|2||Richard G. Darman||7 October 1985||28 August 1987|
|3||M. Peter McPherson||15 October 1987||20 January 1989|
|Nicholas F. Brady|
|4||John E. Robson||20 January 1989||30 December 1992||George H.W. Bush|
|5||Roger Altman||20 January 1993||2 April 1994||Lloyd Bentsen||Bill Clinton|
|6||Frank N. Newman||3 April 1994||5 March 1995|
|7||Lawrence Summers||11 March 1995||8 August 1999|
|8||Stuart E. Eizenstat||22 September 1999||20 January 2001|
|9||Kenneth W. Dam||20 January 2001||13 July 2004||Paul H. O'Neill||George W. Bush|
|10||Samuel Bodman||August 2004||January 31 2005||John W. Snow|
|11||Robert M. Kimmitt||August 16, 2005||January 20, 2009|
|12||Neal S. Wolin||May 18, 2009||August 31, 2013||Timothy Geithner||Barack Obama|
|13||Sarah Bloom Raskin||March 19, 2014||January 20, 2017||Jack Lew|
|14||Justin Muzinich||December 12, 2018||Incumbent||Steve Mnuchin||Donald Trump|
|15||Wally Adeyemo||Nominee||—||Janet Yellen (Nominee)||Joe Biden|
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- "Governor O. Max Gardner: the politician". Archived from the original on July 11, 2011. Retrieved November 10, 2010.
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- "Frank N. Newman". www.nndb.com. Retrieved September 24, 2018.