Mint, the First National Bank—though its charter was allowed to lapse in , and the full funding of the national debt—together with the assumption of cumulative state debts, which established the reputation of the U. Today, Treasury securities are considered among the safest investments in the world, and their interest rate is often used as a proxy for the theoretical risk-free rate of return. Brown University.
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I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. What Is the Treasury Secretary? Key Takeaways Treasury Secretaries serve as head of the U. The position was created in and was first held by Alexander Hamilton under President George Washington. Robert J. Walker , Mississippi. William M. Meredith , Pennsylvania.
Philip F. Thomas , Maryland. William P. Fessenden , Maine. Hugh McCulloch , Indiana. George S. Boutwell , Massachusetts. William A. Richardson , Massachusetts. Benjamin H. Bristow , Kentucky. William Windom , Minnesota. Charles J. Folger , New York. Charles S. Fairchild , New York. John G. Carlisle , Kentucky. George B. Cortelyou , New York. Franklin MacVeagh , Illinois. William G. McAdoo , New York. David F. Houston , Missouri. Andrew W. Mellon , Pennsylvania.
Henry Morgenthau, Jr. Fred M. Vinson , Kentucky. George M. Humphrey , Ohio. Robert B. Anderson , Connecticut. Douglas Dillon , New Jersey. Henry H. Fowler , Virginia. George P. Shultz , Illinois. William E. Simon , New Jersey. Michael Blumenthal , Michigan. William Miller , Rhode Island. Donald T. Regan , New Jersey. James A. Baker, III , Texas. Nicholas F. Brady , New Jersey.
Robert E. Rubin , New York. Lawrence H. Summers , Massachusetts. Paul H. O'Neill , Pennsylvania. Henry M. Paulson, Jr. Timothy F. Geithner , New York.
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Non-Benefit Federal Payments. Foreign Account Tax Compliance Act. Bank Secrecy Act - Fincen and more. Historic Treasury Building. Weekly Public Schedule Archive. Media Advisories Archive. Subscribe to Press Releases. An economist by training, she took office after almost fifty years in academia and public service. She was an assistant professor at Harvard until when she began working at the Federal Reserve Board.
Janet and George would marry later that year. They would go on to have a son, Robert, now also an economics professor. Trefethen Professor of Business and Professor of Economics. She is Professor Emeritus at the university. These businesses, they found, are often making a wise decision.
Firms that offer better pay and working conditions tend to be rewarded with higher morale, reduced turnover and greater productivity. In , President Bill Clinton appointed then-Dr.
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