Treasury, United States Department of the
Divisions that were added over the years include the U.S. Mint (1792), the U.S. Secret Service (1865, transferred to the Dept. of Homeland Security in 2003), the Internal Revenue Service (1862), the Office of the Comptroller of the Currency (1863), the Bureau of Engraving and Printing (1877), the U.S. Customs Service (1927, functions transferred to bureaus in the Dept. of Homeland Security in 2003), the Bureau of the Public Debt (1940), the U.S. Savings Bonds Division (1945, transferred to the Bureau of the Public Debt in 1994), the Federal Law Enforcement Training Center (1970, transferred to the Dept. of Homeland Security in 2003), the Alcohol and Tobacco Tax and Trade Bureau (1972 as the Bureau of Alcohol, Tobacco, and Firearms; law enforcement functions transferred to the Dept. of Justice in 2003 as the Bureau of Alcohol, Tobacco, Firearms, and Explosives), the Financial Management Service (formerly the Bureau of Government Financial Operations, 1974), the Office of Thrift Supervision (1989, functions transferred to the Office of the Comptroller of the Currency in 2011), the Financial Crimes Enforcement Network (1990), and the Community Development Financial Institutions Fund (1994).
Until 1829 the department supervised the U.S. Postal Service and until 1849 the General Land Office; before 1903 the department was also charged with many duties pertaining to commerce. The law enforcement functions formerly carried out by the department were transferred to other departments in 2003.
The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.
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