United States Deputy Secretary of the Treasury


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.

List of deputy secretaries of the treasury

Status
ImageNameTerm beganTerm endedSecretaries of the Treasury Serving UnderPresident of [the United States|President(s)] served under
1R. T. McNamarJanuary 20, 1981October 7, 1985Donald ReganRonald Reagan
1R. T. McNamarJanuary 20, 1981October 7, 1985James BakerRonald Reagan
2Richard DarmanOctober 7, 1985August 28, 1987James BakerRonald Reagan
3M. Peter McPhersonOctober 15, 1987January 20, 1989James BakerRonald Reagan
3M. Peter McPhersonOctober 15, 1987January 20, 1989Nicholas F. BradyRonald Reagan
4John E. RobsonJanuary 20, 1989December 30, 1992Nicholas F. BradyGeorge H. W. Bush
5Roger AltmanJanuary 20, 1993August 17, 1994Lloyd BentsenBill Clinton
6Frank N. NewmanSeptember 28, 1994March 5, 1995Lloyd BentsenBill Clinton
6Frank N. NewmanSeptember 28, 1994March 5, 1995Robert RubinBill Clinton
7Lawrence SummersMarch 11, 1995July 2, 1999Robert RubinBill Clinton
8Stuart E. EizenstatJuly 16, 1999January 20, 2001Robert RubinBill Clinton
8Stuart E. EizenstatJuly 16, 1999January 20, 2001Lawrence SummersBill Clinton
9Kenneth W. DamJanuary 20, 2001July 13, 2004Paul H. O'NeillGeorge W. Bush
10Samuel BodmanAugust 2004January 31, 2005John W. SnowGeorge W. Bush
11Robert M. KimmittAugust 16, 2005January 20, 2009John W. SnowGeorge W. Bush
11Robert M. KimmittAugust 16, 2005January 20, 2009Henry PaulsonGeorge W. Bush
12Neal S. WolinMay 18, 2009August 31, 2013Timothy GeithnerBarack Obama
Mary J. Miller
Acting
August 31, 2013March 19, 2014Jack LewBarack Obama
13Sarah Bloom RaskinMarch 19, 2014January 20, 2017Jack LewBarack Obama
Sigal Mandelker
Acting
June 26, 2017December 12, 2018Steve MnuchinDonald Trump
14Justin MuzinichDecember 12, 2018January 20, 2021Steve MnuchinDonald Trump
15Wally AdeyemoMarch 26, 2021January 20, 2025Janet YellenJoe Biden
David Lebryk
Acting
January 20, 2025January 31, 2025Scott BessentDonald Trump
Dan Katz
Acting
February 3, 2025March 28, 2025Scott BessentDonald Trump
16Michael FaulkenderMarch 28, 2025August 22, 2025Scott BessentDonald Trump
Derek Theurer
Acting
October 7, 2025IncumbentScott BessentDonald Trump