U.S. Treasury

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DEFINITION of 'U.S. Treasury'

Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Mint, Bureau of the Public Debt, and the Alcohol and Tobacco Tax Bureau.

INVESTOPEDIA EXPLAINS 'U.S. Treasury'

Generally speaking, the U.S. Treasury is responsible for the revenue of the U.S. government, but here are some other key functions:

- Printing of bills, postage, Federal Reserve notes, and minting of coins
- Collection of taxes and enforcement of tax laws (through the IRS)
- Management of all government accounts and debt issues
- Overseeing U.S. banks

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  2. Where on the Internet can I find yield curves over various periods?

    The yield curve is one of the most widely tracked leading indicators for future economic activity. Nearly every major market-tracking ... Read Full Answer >>
  3. How can retirees protect their wealth in a bear market?

    While it is impossible to protect an investment portfolio from every type of risk during rough stock market cycles, make ... Read Full Answer >>
  4. How do I sign up for a TreasuryDirect account?

    Signing up for a TreasuryDirect account is as simple as going to the TreasuryDirect website and choosing an account type; ... Read Full Answer >>
  5. What is the difference between EE and I Bonds?

    Both EE and I bonds are part of the U.S. Treasury's savings bond program, which is designed to offer low-risk investments ... Read Full Answer >>
  6. Is the Social Security trust fund solvent?

    It is not easy to answer whether or not the Social Security trust fund is solvent. The trust fund is the account designed ... Read Full Answer >>
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