U.S. Treasury Department

U.S. Treasury Department
The Department of Treasury of U.S was officially established by 1789 Congress Act. This Department plays the role of treasury. It is also regarded as an agency which is responsible for handling financial resources of United States.
Responsibilities: The main aim of this Treasury Department is to promote the economic prosperity and to safeguard U.S’s financial security. Its mission is mentioned below:
It helps in maintaining a powerful economy and makesjob and economic chances by promoting several conditions that enable stability and economic growth at abroad and home. Apart from this, it also strengthensthe security of the nation by opposingthreatening and job by safeguarding the financial system’s integrity and also manages the finances and the resources of the Government of U.S. The department meets its aim by regulating the nationalized banks, determining the international financial policy, by collecting taxes and by minting bills and coins.
This Department is headed by Treasury’s Secretary who is also a cabinet member. It is made of two divisions, known as Departmental offices and operating bureaus. Departmental offices handles formulating polices and managing the variousDepartments. On the contrary, the operating bureaus are held responsible for implementing the responsibilities and functions that are designated to Department.