| Deputy Secretary of the Treasury of the United States | |
|---|---|
 Seal of the Department of Treasury | |
 Flag of the deputy secretary of treasury | |
since October 7, 2025[1] | |
| United States Department of Treasury | |
| Reports to | United States Secretary of the Treasury |
| Seat | Treasury Building Washington, D.C. |
| Appointer | Thepresident withSenateadvice and consent |
| Term length | No fixed term |
| Constituting instrument | 31 U.S.C. § 301 |
| Formation | February 16, 1981 (1981-02-16) |
| First holder | R. T. McNamar |
| Salary | Executive Schedule, level 2 |
| Website | www |
Thedeputy secretary of the treasury of the United States advises and assists thesecretary of the treasury in the supervision and direction of theDepartment 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.[2]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.[3] Former deputy secretaries includeRoger Altman,[4]Lawrence Summers,[5]Stuart E. Eizenstat,[6]Kenneth W. Dam,[7] andSamuel Bodman.[8]
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 includeDean Acheson,Henry Morgenthau Jr.,John W. Hanes II, andO. Max Gardner (1946–1947).[9][10]
The prior deputy secretary wasJustin Muzinich. PresidentDonald Trump announced his nomination of Muzinich on March 13, 2018. The nomination was confirmed by theU.S. Senate on a vote of 55–44.[11][12]
Status
| No. | Image | Name | Term began | Term ended | Secretaries of the Treasury Serving Under | President(s) served under |
|---|---|---|---|---|---|---|
| 1 | | R. T. McNamar | January 20, 1981[13] | October 7, 1985 | Donald Regan | Ronald Reagan |
| James Baker | ||||||
| 2 |  | Richard Darman | October 7, 1985[14] | August 28, 1987 | ||
| 3 | .jpg) | M. Peter McPherson | October 15, 1987[15] | January 20, 1989 | ||
| Nicholas F. Brady | ||||||
| 4 | | John E. Robson | January 20, 1989 | December 30, 1992[16] | George H. W. Bush | |
| 5 | | Roger Altman | January 20, 1993 | August 17, 1994 | Lloyd Bentsen | Bill Clinton |
| 6 | | Frank N. Newman[17] | September 28, 1994[18] | March 5, 1995 | ||
| Robert Rubin | ||||||
| 7 |  | Lawrence Summers | March 11, 1995 | July 2, 1999 | ||
| 8 |  | Stuart E. Eizenstat | July 16, 1999 | January 20, 2001 | ||
| Lawrence Summers | ||||||
| 9 |  | Kenneth W. Dam | January 20, 2001 | July 13, 2004 | Paul H. O'Neill | George W. Bush |
| 10 | .jpg) | Samuel Bodman | August 2004 | January 31, 2005 | John W. Snow | |
| 11 |  | Robert M. Kimmitt | August 16, 2005 | January 20, 2009 | ||
| Henry Paulson | ||||||
| 12 |  | Neal S. Wolin | May 18, 2009 | August 31, 2013 | Timothy Geithner | Barack Obama |
| – |  | Mary J. Miller Acting | August 31, 2013 | March 19, 2014 | Jack Lew | |
| 13 |  | Sarah Bloom Raskin | March 19, 2014 | January 20, 2017 | ||
| – |  | Sigal Mandelker Acting | June 26, 2017 | December 12, 2018 | Steve Mnuchin | Donald Trump |
| 14 |  | Justin Muzinich | December 12, 2018 | January 20, 2021 | ||
| 15 |  | Wally Adeyemo | March 26, 2021 | January 20, 2025 | Janet Yellen | Joe Biden |
| – |  | David Lebryk Acting | January 20, 2025 | January 31, 2025 | Scott Bessent | Donald Trump |
| – | | Dan Katz Acting | February 3, 2025 | March 28, 2025 | ||
| 16 |  | Michael Faulkender | March 28, 2025 | August 22, 2025 | Scott Bessent | Donald Trump |
| – | | Derek Theurer Acting | October 7, 2025 | Present | Scott Bessent | Donald Trump |
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| Deputy Secretary of the Treasury |  | |
| Under Secretary of the Treasury for International Affairs |
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| Under Secretary of the Treasury for Domestic Finance |
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| Under Secretary of the Treasury for Terrorism and Financial Intelligence | ||
| Treasurer of the United States | ||