Secretary of the Treasury, Timothy Geithner
The Obama Cabinet
By Kathy Gill
The Secretary of the Treasury is the head of the U.S. Department of the Treasury, concerned with finance and monetary matters.
This position is analogous to the finance ministers of other nations. Treasury was one of the first cabinet-level agencies; its first secretary was Alexander Hamilton.
Timothy F. Geithner is Obama's choice to head Treasury.
Geithner became the ninth president and chief executive officer of the Federal Reserve Bank of New York on 17 November 2003. He has worked in three administrations and for five Secretaries of the Treasury in a variety of positions. He served as Under Secretary of the Treasury for International Affairs from 1999 to 2001 under Secretaries Robert Rubin and Lawrence Summers.
Geithner serves as chairman of the G-10’s Committee on Payment and Settlement Systems of the Bank for International Settlements. He is a member of the Council on Foreign Relations and the Group of Thirty.