| Post: | Deputy Secretary of the Treasury |
| Body: | the United States |
| Flag: | Flag of the United States Deputy Secretary of the Treasury.svg |
| Flagsize: | 130 |
| Flagcaption: | Flag of the Deputy Secretary of Treasury |
| Insignia: | Seal of the United States Department of the Treasury.svg |
| Insigniasize: | 120 |
| Insigniacaption: | Seal of the Department of Treasury |
| Acting: | n |
| Incumbent: | Wally Adeyemo |
| Incumbentsince: | March 26, 2021 |
| Department: | United States Department of Treasury |
| Reports To: | United States Secretary of the Treasury |
| Seat: | Treasury Building Washington, D.C. |
| Appointer: | President of the United States |
| Appointer Qualified: | with Senate advice and consent |
| Termlength: | No fixed term |
| First: | R. T. McNamar |
| Salary: | Executive Schedule, level 2 |
The deputy secretary of the treasury of the United States 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 the secretary's 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.[1] 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.[2] Former deputy secretaries include Roger Altman,[3] Lawrence Summers,[4] Stuart E. Eizenstat,[5] Kenneth W. Dam,[6] and Samuel Bodman.[7]
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 (1946–1947).[8] [9]
The prior Deputy Secretary was Justin Muzinich. President Donald Trump announced his nomination of Muzinich on March 13, 2018. The nomination was confirmed by the U.S. Senate on a vote of 55–44.[10] [11]
The current Deputy Secretary is Wally Adeyemo, who is serving in the Biden administration and is the first African American Deputy Secretary of the Treasury.
Status
| Image | Name | Term began | Term ended | Secretaries of the Treasury Serving Under | President(s) served under | ||
|---|---|---|---|---|---|---|---|
| 1 | R. T. McNamar | January 20, 1981[12] | October 7, 1985 | Donald Regan | Ronald Reagan | ||
| James Baker | |||||||
| 2 | Richard Darman | October 7, 1985[13] | August 28, 1987 | ||||
| 3 | M. Peter McPherson | October 15, 1987[14] | January 20, 1989 | ||||
| Nicholas F. Brady | |||||||
| 4 | John E. Robson | January 20, 1989 | December 30, 1992[15] | George H. W. Bush | |||
| 5 | Roger Altman | January 20, 1993 | August 17, 1994 | Lloyd Bentsen | Bill Clinton | ||
| 6 | Frank N. Newman[16] | September 28, 1994[17] | March 5, 1995 | ||||
| Robert Rubin | |||||||
| 7 | Lawrence Summers | March 11, 1995 | July 2, 1999 | ||||
| 8 | Stuart E. Eizenstat | July 16, 1999 | January 20, 2001 | ||||
| Lawrence Summers | |||||||
| 9 | Kenneth W. Dam | January 20, 2001 | July 13, 2004 | Paul H. O'Neill | George W. Bush | ||
| 10 | Samuel Bodman | August 2004 | January 31, 2005 | John W. Snow | |||
| 11 | Robert M. Kimmitt | August 16, 2005 | January 20, 2009 | ||||
| Henry Paulson | |||||||
| 12 | Neal S. Wolin | May 18, 2009 | August 31, 2013 | Timothy Geithner | Barack Obama | ||
| – | Mary J. Miller | August 31, 2013 | March 19, 2014 | Jack Lew | |||
| 13 | Sarah Bloom Raskin | March 19, 2014 | January 20, 2017 | ||||
| – | Sigal Mandelker | June 26, 2017 | December 12, 2018 | Steve Mnuchin | Donald Trump | ||
| 14 | Justin Muzinich | December 12, 2018 | January 20, 2021 | ||||
| 15 | Wally Adeyemo | March 26, 2021 | Incumbent | Janet Yellen | Joe Biden |