The deputy secretary of the treasury of the United States advises and assists the secretary of the treasury in the supervision and direction of the Department of the Treasury and its activities, and succeeds the secretary in the secretary's absence, sickness, or unavailability. The deputy secretary plays a primary role in the formulation and execution of Treasury policies and programs in all aspects of the department's activities. In addition, the deputy secretary is the only official other than the secretary who can sign a treasury order, which is a document that delegates authority residing in the secretary or deputy secretary to another treasury official, establishes treasury policy, and establishes the reporting relationships and supervision of officials. Former deputy secretaries include Roger Altman, Lawrence Summers, Stuart E. Eizenstat, Kenneth W. Dam, and Samuel Bodman.
The office of deputy secretary is the successor of the "under secretary of the treasury", the former chief deputy to the secretary. Today, several treasury officials hold the title of "under secretary". Among those who served as under secretary when it was the number-two position in the department include Dean Acheson, Henry Morgenthau Jr., John W. Hanes II, and O. Max Gardner (1946–1947).
List of deputy secretaries of the treasury
Status
ImageNameTerm beganTerm endedSecretaries of the Treasury Serving UnderPresident(s) served under1R. T. McNamarJanuary 20, 1981October 7, 1985Donald ReganRonald ReaganJames Baker2Richard DarmanOctober 7, 1985August 28, 19873M. Peter McPhersonOctober 15, 1987January 20, 1989Nicholas F. Brady4John E. RobsonJanuary 20, 1989December 30, 1992George H. W. Bush5Roger AltmanJanuary 20, 1993August 17, 1994Lloyd BentsenBill Clinton6Frank N. NewmanSeptember 28, 1994March 5, 1995Robert Rubin7Lawrence SummersMarch 11, 1995July 2, 19998Stuart E. EizenstatJuly 16, 1999January 20, 2001Lawrence Summers9Kenneth W. DamJanuary 20, 2001July 13, 2004Paul H. O'NeillGeorge W. Bush10Samuel BodmanAugust 2004January 31, 2005John W. Snow11Robert M. KimmittAugust 16, 2005January 20, 2009Henry Paulson12Neal S. WolinMay 18, 2009August 31, 2013Timothy GeithnerBarack Obama–Mary J. MillerAugust 31, 2013March 19, 2014Jack Lew13Sarah Bloom RaskinMarch 19, 2014January 20, 2017–Sigal MandelkerJune 26, 2017December 12, 2018Steve MnuchinDonald Trump14Justin MuzinichDecember 12, 2018January 20, 202115Wally AdeyemoMarch 26, 2021January 20, 2025Janet YellenJoe Biden–David LebrykJanuary 20, 2025January 31, 2025Scott BessentDonald Trump–Dan KatzFebruary 3, 2025March 28, 202516Michael FaulkenderMarch 28, 2025August 22, 2025–Derek TheurerOctober 7, 2025April 28, 202617Francis BrookeApril 28, 2026September 22, 2026September 22, 2026Incumbent
Notes
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