United States Deputy Secretary of the Treasury
|Deputy Secretary of Treasury of the United States of America|
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 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 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 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., John W. Hanes II, and O. Max Gardner (1946–47).
As of January 20, 2017, the office of the Deputy Secretary of the Treasury is currently vacant. President Donald Trump nominated James Donovan to the position on March 15, 2017, and the nomination was subsequently withdrawn on May 19, 2017. As of October 2017, Sigal Mandelker is serving as the Acting Deputy Treasury Secretary.
List of Deputy Secretaries of the Treasury
|#||Name||Term Began||Term Ended||President(s) served under|
|1||R. T. McNamar||1981||1985||Ronald Reagan|
|2||Richard G. Darman||1985||1987|
|3||M. Peter McPherson||1987||1989|
|4||John E. Robson||1989||1992||George H.W. Bush|
|5||Roger Altman||1993||1994||Bill Clinton|
|6||Frank N. Newman||1994||1995|
|8||Stuart E. Eizenstat||1999||2001|
|9||Kenneth W. Dam||2001||2003||George W. Bush|
|10||Samuel Bodman||February 2004||January 2005|
|11||Robert M. Kimmitt||August 16, 2005||January 20, 2009|
|12||Neal S. Wolin||May 18, 2009||August 31, 2013||Barack Obama|
|13||Sarah Bloom Raskin||March 19, 2014||January 20, 2017|
- "U.S. Treasury - Duties & Functions of the Deputy Secretary of the Treasury". Archived from the original on September 15, 2007. Retrieved September 22, 2007.
- "U.S. Treasury - Orders and Directives". Retrieved September 22, 2007.
- "AllPolitics - Whitewater - Cast of Characters". CNN. Retrieved September 22, 2007.
- "History of the President's Office". Archived from the original on July 4, 2007. Retrieved September 22, 2007.
- "Covington & Burling LLP – Lawyers - Stuart E. Eizenstat". Archived from the original on October 27, 2006. Retrieved November 23, 2006.
- "University of Chicago Law School > Kenneth Dam". Retrieved September 22, 2007.
- "Department of Energy - Samuel W. Bodman". Archived from the original on June 11, 2008. Retrieved September 22, 2007.
- Time: "Undersecretary No. 2," May. 07, 1934
- Governor O. Max Gardner: the politician
- Woellert, Lorraine (October 12, 2017). "Mnuchin won't fill No. 2 Treasury Post as Brooks Opts Out of the Running". Politico. Retrieved October 12, 2017.
- Nomination of R. T. McNamar To Be Deputy Secretary of the Treasury
- Letter Accepting the Resignation of Richard G. Darman as Assistant to the President and Deputy to the Chief of Staff
- New York Times
- Sunlight Foundation
- NNDB Profile