Department of the Treasury

Treasury, Department of the, executive department of the U.S. government, established in 1789, responsible for federal taxes, customs, and expenditure. It also plays a major role in national and international financial and monetary policies. Its head, the secretary of the treasury, the second-ranking member of the president's cabinet, is an ex officio governor of the International Monetary Fund. The department's other responsibilities include the U.S. Secret Service and the bureaus of Customs, Mint, Engraving and Printing, Internal Revenue, and Narcotics.