September 2, 1779
The newest department of the Executive Branch of the government of the United States created by the Constitution of the United States of America will be responsible for collecting federal taxes & managing federal debt instruments.
The Treasury Department will also direct the minting of the coinage of the United States of America as well as the printing of paper currency.
President Washington is expected to name the 1st Secretary of the Department of the Treasury later this month.
It is rumored that the President will offer the post to Robert Morris of New York.*
*On September 11, 1789, Alexander Hamilton was named the 1st Secretary of the Treasury & sworn into office on that date. He would propose a plan for reviving the nation's economy as well as funding the national debt.