U.S. Department of the Treasury

The United States Department of the Treasury is a cabinet-level department in the federal government responsible for managing economic and financial matters. Founded on September 2, 1789, it is one of the oldest departments in U.S. government and among its primary responsibilities are collecting taxes; paying bills and debt; issuing currency (including coins); managing public finances, including approving loans from foreign governments; regulating banking operations; combating money laundering by enforcing anti-money laundering laws such as Bank Secrecy Act regulations; securing assets owned or managed by the U.S.; providing support to state and local governments with respect to economic development initiatives through grants provided under Community Development Block Grant Program (CDBG), Home Investment Partnership program (HOME) etc., supervising national banks, credit unions and thrifts institutions that are chartered to operate within certain states but receive their charter from the Office of Comptroller Currency at The Treasury Department ; producing coinage metals like gold , silver , platinum & palladium bullions coins on behalf of US mints .

Today’s Secretary of The Treasury serves as Chairman/CEO for all treasury agencies which include Financial Crimes Enforcement Network(FinCEN), Internal Revenue Service(IRS), Federal Reserve System & Board Of Governors , Small Business Administration(SBA) along with other smaller offices associated with monitoring domestic economy activities . Within this organization there also lies an Office Of Tax Policy which works closely alongside IRS regarding policy changes related taxation system thus providing suggestions if needed after due consultation between both entities . Furthermore another important entity existing inside this structure called Bureau Fiscal Services handles payments made by individuals who owe any type financing liabilities towards US govt i.e Student Loans , Mortgage Payments Etc while simultaneously taking care off refunds issues too when necessary .

Aside from these duties mentioned above main objective behind establishing Dept Of Treasury was mainly focused around maintaining sound fiscal policies followed across nation so that country could experience higher level robustness during times crisis leading upto recovery afterwards without much intervention required externally since good governance practices were kept intact throughout entire process ensuring overall wellbeing population involved therein .. In conclusion we can say that US Dept OF Tresury plays vital role keeping American Economy running smoothly without many hiccups possible way thereby contributing significantly betterment society today tomorrow alike !