U.S. Department of the Treasury

The U.S. Department of the Treasury is responsible for managing federal finances, collecting taxes, producing currency, enforcing financial laws, and overseeing economic policy. It plays a crucial role in maintaining the stability of the U.S. financial system.

Treasury Agencies and Their Functions

Tax Collection and Revenue Management

• Internal Revenue Service (IRS) – Collects federal taxes, enforces tax laws, and administers tax refunds.

Currency and Coin Production

• Bureau of Engraving and Printing (BEP) – Produces U.S. paper currency.
• United States Mint – Manufactures coins for circulation and collector purposes.

Economic Policy and Financial Stability

• Office of Economic Policy – Analyzes economic trends and advises on financial policies.
• Office of Financial Research (OFR) – Monitors risks to financial stability and supports economic research.

Banking and Financial Regulation

• Office of the Comptroller of the Currency (OCC) – Regulates and supervises national banks and federal savings associations.

Debt and Financial Management

• Bureau of the Fiscal Service – Manages federal debt, borrowing, and financial operations.

Sanctions and Financial Crime Enforcement

• Financial Crimes Enforcement Network (FinCEN) – Investigates money laundering, terrorism financing, and financial crimes.
• Office of Foreign Assets Control (OFAC) – Administers and enforces economic sanctions against foreign entities.

International Finance and Trade

• International Affairs Office – Oversees U.S. involvement in global financial institutions and trade policies.

The Department of the Treasury plays a vital role in ensuring the financial security of the United States, regulating the economy, collecting revenue, and combating financial crimes.