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Assistant Secretary/Deputy Under Secretary of the Treasury for Legislative Affairs; Assistant Secretary of the Treasury for Management & Chief Financial Officer; Assistant Secretary of the Treasury for Public Affairs; Assistant Secretary of the Treasury for Tax Policy; Reports to the Under Secretary of the Treasury for Domestic Finance:
For non-banking entities, the terms Treasury Management and Cash Management are sometimes used interchangeably, while, in fact, the scope of treasury management is larger, and encompasses funding and investment activities, as mentioned above. The significant core functions of a corporate treasury department include: [3]
The office was formed in 1976 by Secretary of the Treasury William E. Simon as the Assistant Secretary for Capital Markets and Debt Management. [5]According to U.S. statute, there are ten Assistant Secretaries of the Treasury appointed by the President of the United States with the advice and consent of the United States Senate. [6]
The Assistant Secretary of the Treasury for Management, Chief Financial Officer, and Chief Performance Officer (ASM/CFO/CPO) is the principal policy advisor to the Secretary and Deputy Secretary on the development and execution of the budget for the Department of the Treasury and the internal management of the Department and its bureaus.
The Office represents the Secretary of the Treasury on the Federal Accounting Standards Advisory Board (FASAB), Joint Financial Management Improvement Program (JFMIP), and the Library of Congress and National Archives Trust Fund Boards, is a statutory member of the government wide Chief Financial Officers Council, and serves as liaison to the ...
The Department of the Treasury is organized into two major components: the departmental offices and the operating bureaus. The departmental offices are primarily responsible for the formulation of policy and management of the department as a whole, while the operating bureaus carry out the specific operations assigned to the department.