The United States Treasury Department is entrusted with a broad range of duties and functions. In addition to monetary functions such as budgets, taxes, and currency production and circulation, Treasury also oversees critical functions in enforcement, economic policy development, and international treaty negotiation.
Government Reference Publication
Excerpt: The essence of the Treasury Forfeiture Program involves applying forfeiture to the infrastructure of criminal enterprises, limiting the ability of criminal organizations to continue their illegal activities. We believe that measurable damage can be inflicted upon drug cartels and criminal syndicates by removing their assets and minimizing the profit incentive. Seizure and forfeiture are the best tools law enforcement agencies have to accomplish this objective. A...
Excerpt: U.S. Department of the Treasury Office of Foreign Assets Control: In the custody of Mexican authorities AFO Money Laundering Cell All individuals and companies shown on this chart are Mexican. The smuggled currency is then brought back across the U.S. border in the names of currency exchange houses; Declaring the currency in the name of currency exchange houses hides the illegal origin of the money Narcotics are smuggled into the United States from Mexico U.S. c...
Excerpt: Proceedings. (10:35 a.m.) Secretary Snow: Thank you all for joining us today for this auspicious event. It is the inaugural meeting, as I think you know, of the Financial Literacy and Education Commission, and this Commission came about because of the leadership in the Congress of Senator Sarbanes and Senator Enzi, and a number of members of the House, including David Dreier, Congresswoman Biggert and others. And I want to commend the Congress for the leadership...
Excerpt: Since 1997, the average absolute forecast error in net borrowing of marketable debt for the current quarter is $9 billion and the average absolute forecast error for the end-of-quarter cash balance is $9 billion. Similarly, the average absolute forecast error for the following quarter is $30 billion and the average absolute forecast error for the end-of-quarter cash balance is $11 billion.
Excerpt: Profile Of The Treasury Forfeiture Fund. The Treasury Forfeiture Fund (the Fund) is the receipt account for the deposit of non-tax forfeitures made pursuant to laws enforced or administered by Treasury law enforcement agencies and the United States Coast Guard. It was established in October of 1992 as the successor to the Forfeiture Fund of the United States Customs Service. When the enabling legislation for the Fund was enacted, it brought together all of Treas...
Excerpt: Although Fiscal Year 2002 was a more modest year for the Treasury Forfeiture Fund in terms of forfeiture revenue deposits, Treasury law enforcement bureaus were successful and actively focused on activities related to homeland security and terrorist financing. Numerous seizures were made in this regard that may ultimately be deposited into the Fund in future years. Despite the lowered revenue, our bureaus continued to emphasize major case initiatives as evidence...
Excerpt: In accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency declared on May 30, 1992, with respect to the Federal Republic of Yugoslavia (Serbia and Montenegro) (the ??FRY (S&M)??), as expanded on October 25, 1994, in response to the actions and policies of the Bosnian Serbs. In addition, I am continuing for 1 year the national emergency declared on June 9, 1998, with respect to the FRY...
Excerpt: 60 Stops in 60 Days. Secretary Snow recently announced a tour in which Administration officials will crisscross the nation to take the President?s message of strengthening Social Security to the American people.
Excerpt: The Bank/Fund technical assistance delivery is being greatly increased. Legislative drafting and review (especially with respect to the financing of terrorism), as well as implementation, capacity building, and training in the financial sector are priorities. Regional projects are being used to reach a large number of jurisdictions. A web-based database for the sharing of information on TA requests and responses is operational and is being used actively by FSRBs...
Excerpt: CSXT has filed an environmental report which addresses the abandonment?s effects, if any, on the environment and historic resources. SEA will issue an environmental assessment (EA) by April 18, 2003. Interested persons may obtain a copy of the EA by writing to SEA (Room 500, Surface Transportation Board. Comments on environmental and historic preservation matters must be filed within 15 days after the EA becomes available to the public.
Excerpt: Message from the Director-U.S. Department of the Treasury. I am pleased to present this Accountability Report for fiscal year (FY) 2003. While highlighting the Fund?s financial and operational performance over the past year, this report also focuses on some of the significant achievements and accomplishments made by the bureaus participating in the Treasury Forfeiture Fund. Fiscal Year 2003 was an unusual year following enactment of the Homeland Security Act of ...