U.S. Department of the Treasury
Definition
The United States Department of the Treasury, also known as the U.S Treasury Department, is the responsible for managing national finances, promoting economic prosperity, and ensuring the financial security of the United States. Its key functions include managing federal finances, collecting taxes, producing currency, advising on economic policy, and enforcing financial laws.
The Treasury is organized into Departmental Offices for policy and management and Operating Bureaus for specific operations. The following table summarizes the Bureaus and their functions.
| Bureau | Function |
|---|---|
| Alcohol and Tobacco Tax and Trade Bureau (TTB) | Enforces laws on alcohol and tobacco production and distribution |
| Bureau of Engraving & Printing (BEP) | Designs and manufactures U.S. currency and securities |
| Bureau of the Fiscal Service | Manages government accounting, financing, and shared services |
| Financial Crimes Enforcement Network (FinCEN) | Combats domestic and international financial crimes |
| Internal Revenue Service (IRS) | Determines, assesses, and collects internal revenue |
| Office of the Comptroller of the Currency (OCC) | Regulates and supervises national banks |
| U.S. Mint | Produces coins and numismatic items |
Learn More
https://home.treasury.gov/about/general-information/role-of-the-treasury/
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