Bureau of the Public Debt: Commissioner of the Public Debt.. Assistant Commissioner_. Deputy Commissioner in charge, Washington Register of the Treasury. Chief, Division of Loans and Currency- Chief, Division of Public Debt Accounts and Office of the Treasurer of the United States: United States Savings Bonds Division: Assistant National Director__ Assistant to the National Director_ Director of Advertising and Promotion_. Commandant__. Assistant Commandant__ CREATION AND AUTHORITY.-The Treasury Department was created by act of Congress approved September 2, 1789 (1 Stat. 65; 5 U. S. C. 241). Many subsequent acts have figured in the development of the Department, delegating new duties to its charge and establishing the numerous bureaus and divisions which now compose the Treasury. PURPOSE. The original act established the Department to superintend and manage the national finances. This act charged the Secretary of the Treasury with the preparation of plans for the improvement and management of the revenue and the support of the public credit. It further provided that he should prescribe the forms for keeping and rendering all manner of public accounts and for the making of returns. He was empowered to grant, subject to the limitations of the amended act, all warrants for moneys to be issued from the Treasury pursuant to legal appropriations, and to furnish information, upon request, to either or both branches of Congress on any matter referred to him or pertaining to his office. The act further stated it to be the duty EDWIN L. KILBY. DONALD M. MERRITT. Ross A. HEFfelfinger, JR. GEORGE C. DANFORTH. MRS. IVY BAKER PRIEST. EDMUND DOOLAN. EARL O. SHREVE. VICE ADM. ALFRED C. RICHMOND. REAR ADM. JAMES A. HIRshfield. of the Secretary "generally to perform all such services relative to the finances as he shall be directed to perform" (1 Stat. 65; 5 U. S. C. 242). With the expansion of the country and its financial structure, frequent revisions and amendments to the act have so broadened the scope of the Treasury Department that it now embraces a score or more of diversified bureaus, divisions, and offices, and many new duties have been delegated to its charge. Besides managing the financial affairs of the Nation, the Department now controls the coinage and printing of money. The Coast Guard, the Bureau of Narcotics, and the Secret Service have been placed under the supervision and jurisdiction of the Department. The Secretary of the Treasury is required by law to submit an annual report to Congress upon the condition of the finances, and to make public the first of each month the last preceding weekly statement of the Treasury (5 Stat. 696; 5 U. S. C. 271). The Secretary of the Treasury is Honorary Treasurer of the American Red Cross; Chairman, Library of Congress Trust Fund Board; Chairman, National Advisory Council on International Monetary and Financial Problems; Chairman, Advisory Council on Group Insurance; U. S. Governor of the International Monetary Fund and the International Bank for Reconstruction and Development; and Development; member of the Alexander Hamilton Bicentennial Commission, and of the Council of Foreign Economic Policy; and managing trustee, Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund. He is ex officio a member of the Board of Trustees of the Postal Savings System, the Smithsonian Institution, the Foreign Service Buildings Commission, the National Park Trust Fund Board, the Board of Trustees of the National Gallery of Art, the Foreign-Trade Zones Board, the National Munitions Control Board, the Defense Mobilization Board, the Loan Policy Board of the Small Business Administration, the Board of Directors, Federal Farm Mortgage Corporation, the Joint Committee on Reduction of Nonessential Federal Expenditures, and trustee of the Franklin D. Roosevelt Library. ORGANIZATION.-Affairs Treasury Department are generally supervised by the Secretary of the Treasury. He is assisted in the management and direction of the Department's numerous and varied branches of the by the Under Secretary of the Treasury, the Under Secretary for Monetary Affairs, three Assistant Secretaries of the Treasury, the Fiscal Assistant Secretary of the Treasury, the Administrative Assistant Secretary, the General Counsel, and a staff of administrative, special, and technical assistants who supervise and correlate the activities of the different bureaus, offices, and divisions. Each bureau is under the general direction of a chief, who reports to the Secretary and his immediate assistants. The principal branches of the Department are as follows: Office of the Secretary: Office of Administrative Assistant Sec- Office of International Finance Legal Division Legal Advisory Staff Personnel Security Office Office of the Comptroller of the Currency Bureau of Engraving and Printing Bureau of the Mint Bureau of Narcotics Office of the Fiscal Assistant Secretary Bureau of the Public Debt Office of the Treasurer of the United States United States Savings Bonds Division Office of the Secretary Office of Administrative Assistant Secretary The Administrative Assistant Secretary exercises direction over all of the Department's matters of administration, including budgetary, organization and methods, personnel matters, and employee award programs. He is chairman of the Departmental Management Committee and super vises the Office of Budget, Office of Personnel, Office of Administrative Services, and the Bureau of Engraving and Printing. OFFICE OF BUDGET.-The Office of Budget is under the supervision of the departmental Budget Officer who is responsible for the formulation, presentation, and justification of estimates of appropriations necessary for the Department's operations. In cooperation with the bureau heads and bureau budget officers, the departmental Budget Officer directs and coordinates the Treasury's budgetary program, and represents the Department before the Bureau of the Budget and the appropriations committees of both Houses of Congress on appropriation matters and related subjects. The Office of Budget makes periodic examination of both field and departmental installations to ascertain that appropriated funds are being expended in accordance with Executive, congressional, and departmental mandates. The departmental Budget Officer serves as a member of the Treasury Wage Board and of the Treasury Awards Committee. OFFICE OF PERSONNEL.- -This office is charged with the direction and supervision of the personnel program of the Department. This program is administered by the heads of the bureaus, offices, and divisions to whom certain authority has been delegated. These officials act in accordance with policies, practices, and procedures which are established for their guidance. This office furnishes advice and assistance to the personnel officers in the bureaus, offices, and divisions on all matters relating to the personnel program. The health program is administered under the supervision of the Director of Personnel. The Director of this office is chairman of the Treasury Wage Board, a member of the Treasury Awards Committee, and represents the Department in negotiations with the Civil Service Commission. OFFICE OF ADMINISTRATIVE SERVICES. This office was created October 1, 1947, by Treasury Department Order 93 dated September 26, 1947. It coordinates the leasing, assignment and utilization of space occupied by Treasury organizations in Washington and in the field, including necessary liaison arrangements with the General Services Administration and the Post Office Department. The Office has direct responsibility for the maintenance and operation of the Main Treasury and Treasury Annex Buildings in the District of Columbia. The central services with which it is charged include administration of funds for miscellaneous expenses and payrolls, communications services, supply, graphics, duplicating, library, mail and motor messenger, custody of the Treasury seal, and certification of official documents. It is also responsible for administration of matters pertaining to printing, records, and property management affecting the Department, and for maintenance of operating relations with the Government Printing Office, the Federal Supply Service, the National Archives, and other Government agencies associated with such programs. The Office of Administrative Services is composed of the Buildings Surveys and Maintenance Division, Administrative Services Division, Office Services Division, and Printing and Reproduction Division. The Director of Administrative Services serves as chairman of the Treasury Department Fire and Safety Council, which is also responsible for certain phases of the civil defense program, and is the Treasury Department's voting member on the Federal Safety Council and the Federal Fire Council. Analysis Staff The Analysis Staff coordinates the analytical activities in the Treasury Department relating to taxation, financing, and debt management. The primary responsibility of the Staff is to prepare economic and statistical materials for use of Treasury officials in the formulation of tax and debt policies. The Staff is divided along functional lines into two divisions: the Tax Division and the Debt Division. The Tax Division prepares analyses of proposed tax legislation, assembles statistical and analytical materials for use in the formulation of tax programs, and studies the effects of alternative programs or measures in the light of economic and budgetary requirements. Consideration is given to all aspects of the Federal tax system, including the corporation taxes, the individual income taxes, excise taxes, estate and gift taxes, social security taxes, taxation of foreign income, and Federal-Statelocal fiscal relations. The Division prepares analytical reports on economic problems in these fields for use by Treasury officials in supplying information requested by the President, the Committee on Ways and Means, the Finance Committee of the Senate, the Joint Committee on Internal Revenue Taxation, individual Members of Congress, other Government agencies, and the public. The Tax Division also prepares the official estimates of Government receipts for incorporation in the President's annual budget message and in intervening budget revisions, and estimates of the revenue effects of proposed and pending tax legislation. The Debt Division provides technical assistance and data on matters relating to Treasury financing, public debt management, and various general economic problems arising in connection with Treasury activities. Analyses are made on such matters as: the probable fiscal position of the Treasury (both for the immediate period ahead and for the longer run), with particular reference to Federal borrowing needs; the ownership structure of the public debt; the investment position and needs of the various investor classes; terms and conditions required of new security issues in order to effect successful refunding and new borrowing operations; the impact on financial markets and on the economy generally of (1) Treasury financing programs already in existence, and (2) various alternatives as to proposed financing measures; and current trends and interrelationships in investment and capital markets and in the interest rate structure, both public and private. The Debt Division also prepares analyses relating to the general economic outlook as it pertains specifically to Treasury fiscal planning. This involves current appraisal of business trends and the preparation of projections of national income and associated factors which are relevant to (1) estimating revenues of the Federal Government, (2) tax planning, and (3) analyses of sources of funds for Federal borrowing. The Analysis Staff was established in the Office of the Secretary on March 1, 1953, by Treasury Department Order 170, and superseded the Tax Advisory Staff and the Office of the Technical Staff. Office of International Finance an The Office of International Finance was established July 15, 1947, by Treasury Department Order 86, of July 10, 1947. The Office is headed by a Director who reports to Assistant Secretary of the Treasury. The function of the Office is to advise and assist the Secretary of the Treasury in the formulation and execution of policies and programs relating to the international financial and monetary field, including in particular the policies and programs arising in connection with: 1. The Bretton Woods Agreement Act, the National Advisory Council on International Monetary and Financial Problems, the International Monetary Fund, the International Bank for Reconstruction and Development, and other matters relating to foreign financial, monetary, or exchange activities. 2. International loans and financial assistance programs of this Govern ment. |