What are the duties and functions of the Treasury Department?
Answer The Treasury Department includes the Office of the Secretary and the Departmental Offices. This is where all of the policy-making offices are found. Each office has an Assistant Secretary directly responsible for its activities. In addition, there are many bureaus with different responsibilities. We have available on line a brief description of each bureau’s functions. You can also find out more detailed information by visiting any of the Bureau Home Pages. For instance, the Bureau of Engraving and Printing (BEP) makes our paper currency and the United States Mint produces our coins. The Internal Revenue Service (IRS) collects income taxes and other forms of Federal Government revenue. Maintaining the Federal Government’s accounts is the job of the Financial Management Service (FMS). Processing the sale and redemption of Treasury bonds, notes and bills is the responsibility of the Bureau of the Public Debt.
The Treasury Department includes the Office of the Secretary and the Departmental Offices. This is where all of the policy-making offices are found. Each office has an Assistant Secretary directly responsible for its activities. In addition, there are many bureaus with different responsibilities. We have available on line a brief description of each bureau’s functions. You can also find out more detailed information by visiting any of the Bureau Home Pages. For instance, the Bureau of Engraving and Printing (BEP) makes our paper currency and the United States Mint produces our coins. The Internal Revenue Service (IRS) collects income taxes and other forms of Federal Government revenue. Maintaining the Federal Government’s accounts is the job of the Financial Management Service (FMS). Processing the sale and redemption of Treasury bonds, notes and bills is the responsibility of the Bureau of the Public Debt. Finally, the Treasury must oversee and regulate savings institutions and Nation
