The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue. The Department is administered by the Secretary of the Treasury, who is a member of the Cabinet. The basic functions of the Department of the Treasury mainly include;
Producing all currency, coinage and postage stamps of the U.S., Collecting taxes, duties and money paid to and due to the U.S., Paying all bills of the U.S., Managing the federal finances,Managing government accounts and the United States public debt, Supervising national banks and thrift institutions,Advising on domestic and international financial, monetary, economic, trade and tax policy (fiscal policy being the sum of these, and the ultimate responsibility of Congress), Enforcing federal finance and tax laws, and Investigating and prosecuting tax evaders.
Publishing statistical reports.