Department of Treasury - Federal Departments

Year Founded:
1789
Employees:
91,208
Outlay:
$20B / year
Employee Expense:
$7.39B in 2016

The Federal Government is broken down into fifteen departments, each of which consists of a number of sub-departments and organizational groups tasked with accomplishing the Department's overall goals.

The Department of the Treasury was created to manage the governments revenue. The Treasury is most commonly known for operating the Internal Revenue Service (IRS). In addition to managing taxes and revenue, the Treasury mints paper currency and coins. The Treasury has become a steward of the U.S. economy by working to promote economic growth and stability in the economy by combatting threats to the fanatical system.

Who does the Department of Treasury hire?

The Treasury primarily hires Accountants, Attorneys, Economists, Human Resource Specialists, Information Technology Specialists and Intelligence Specialists. The Alcohol and Tobacco Tax and Trade Bureau (TTB) and the Financial Crimes Enforcement Network (FinCEN), subsidiaries of the Treasury, hire Law Enforcement Officers as well.

In 2015, the most common occupation employed by the Department of Treasury was Contact Representative at 11,287 employees. The second largest occupation was Internal Revenue Agent with 10,742 employees.

The Treasury building is located in Washington D.C. where the majority of its workforce is stationed. The bureaus within the Treasury are located at several other locations around the country, including Ohio, Maryland and California. The law enforcement elements are located at one of 12 field offices around the country.

History of the Department of Treasury

Established on September 2, 1789, the Treasury Department is the nations second oldest federal department. The Treasury was first tasked with administering the sale of land in the United States. The Treasury's responsibilities have grown to include create currency, collecting taxes, paying the nation's bills, managing financial institutions and advising on domestic and global financial matters.

Alexander Hamilton became the nation's first Secretary of the Treasury on September 11, 1789. Hamilton served for five tenuous years as the basic structure of the federal government was first established. When he left office in 1894, the Treasury had established the mint, had helped to pass the first bill to levy tariffs and had begun reporting about the state of the economy to congress.

In 2003, the Treasury Department as restructured as a result of the Homeland Security Act of 2002, a product of the terrorist attacks on September 11, 2011, which established the Department of Homeland Security. Several agencies including the Bureau of Alcohol, Tobacco and Firearms were transferred from the Treasury department to other departments.

Average Pay of an Employee in the Department of Treasury

Year Average Pay
2004 $75231.07
2005 $78491.08
2006 $81587.41
2007 $84746.36
2008 $88580.05
2009 $93554.92
2010 $96135.97
2011 $107491.92
2012 $96707.08
2013 $97515.72
2014 $101720.38
2015 $102652.46
2016 $102652.46

Agencies in the Department of Treasury (2015)

Agency Employee Count Total Salary Expense Average Pay
Internal Revenue Service 76,588 $5.88B $76,796
Office of Comptroller of Currency 3,835 $499.77M $130,387
Bureau of the Fiscal Service 3,414 $277.41M $81,257
Departmental Offices 2,022 $243.38M $120,365
Bureau of Engraving and Printing 1,805 $162.03M $90,017
U.S. Mint 1,706 $131.1M $76,844
Office of Inspector General for Tax Administration 784 $83.92M $107,040
Alcohol and Tobacco Tax and Trade Bureau 461 $46.89M $101,717
Financial Crimes Enforcement Network 281 $32.97M $117,321
Office of Inspector General (Department of Treasury) 163 $17.35M $106,431
Special Inspector General for the Troubled Asset Relief Program 149 $18.03M $121,003

Data Sources

The information provided on these pages is sourced from the Office of Personnel Management (OPM) Enterprise Human Resources Integration (EHRI) dataset. Postal Service data is managed exclusively by the USPS . All information is displayed unmodified and as provided by the source agency.

Federal employee salaries are public information under open government laws (5 U.S.C. § 552). FederalPay provides this data in the interest of government transparency — employee data may not be used for commercial soliciting or vending of any kind. Learn more about the FederalPay Employees Dataset here.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/departments/departmentoftreasury