One of the U.S. Treasury's most important duties is making and distributing currency throughout the country.
The United States Department of the Treasury is the executive agency directly responsible for the prosperity and financial security of the country, according to the agency's web site. The agency's main goal is to preserve stability and maintain the wellness of the economy through several different duties. The Department of Treasury is composed of two major sections--the operating bureaus and departmental offices. The bureaus carry out specific plans set in motion by the administrators, and the departmental offices formulate policy and manage the Treasury holistically.
Manage Federal Finances
The Department of Treasury manages the finances of the entire country, from managing the budget to serving as an intermediary between Congress and the citizens of the United States. Part of this duty is managing and maintaining technology and systems crucial to the infrastructure of the country's finances, protecting it from possible crashes, attacks or disasters.
Collecting Taxes
Collecting taxes is one of the Department of Treasury's most high-profile duties. Carried out by the Internal Revenue Service (IRS), the tax collecting process takes a portion of citizens' incomes, purchases and business revenue to put back into the national coffers and pay for things like roads, bridges and education. This duty includes prosecuting tax evaders, supervising banks and settling public debt. Part of this responsibility is collecting all money owed to the United States by other countries and paying all bills for the country.
Manufacturing Currency
The Department of Treasury is responsible for the creation and distribution of all U.S. currency, both bills and coins. With two locations, called mints--one in Philadelphia and one in Denver--the Treasury has a secretive and hard-to-replicate system for the process. Bootleg money manufacturing, known as counterfeiting, is highly illegal and the Treasury has made it as difficult as possible for people to do it, by taking such measures as placing barely visible markings on bills to distinguish them from their counterfeit counterparts.
Adviser to the President
The Department of Treasury is present at meetings with the president pertaining to money and federal finances. Serving as an adviser, informant and financial expert, the Secretary of the Treasury is the president's top financial adviser and is an apppointed member of his cabinet, who is heavily relied upon for advice on any issues relating to money. The Secretary of the Treasury also serves as a liaison between the Department and the White House, filling each side in on any crucial issues affecting them both.
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