Founding of U.S. Department of Treasury

Date: September 2, 1789 • Location: Washington D.C., United States

The United States Department of the Treasury was founded following financial concerns in the new nation.

The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States. It is one of 15 current U.S. government departments. The treasury executes currency circulation in the domestic fiscal system, collects all federal taxes through the Internal Revenue Service, manages U.S. government debt, licenses and supervises banks and thrift institutions, and advises the legislative and executive branches on fiscal policy.