Recently Treasury Secretary Dillon and Labor Secretary Goldberg fell into line with Mr. Hodges' appraisal, though there has been some reluctance to do so at the White House.

and ( 2 ) such other special funds as may, in the discretion of the Secretary of the Treasury, be required each to be a claims fund to be known by the name of the foreign government which has entered into a settlement agreement with the Government of the United States as described in subsection ( A ) of Section 4 of this Title.

There are additional inefficiencies arising from the highly fragmented nature of the municipal bond market which has two million outstanding issues and 50, 000 issuers in contrast to the Treasury market which has 400 issues and a single issuer.

The Fed has since hired Linda Robertson who headed the Washington lobbying office of Enron Corp. and was adviser to all three of the Clinton administration's Treasury secretaries.

Singer has worked as a consultant for several government agencies, including the House Select Committee on Space, NASA, the Government Accountability Office, the National Science Foundation, the United States Atomic Energy Commission, National Research Council, the Department of Defense Strategic Defense Initiative, Department of Energy Nuclear Waste Panel, and the Department of the Treasury.

For example, the Chicago Board of Trade has retained overwhelming dominance of trading in US Treasury bond futures despite the startup of Eurex US trading of identical futures contracts.

Since 1721, every head of the Sovereign's government – with one exception in the 18th century ( William Pitt the Elder ) and one in the 19th ( Lord Salisbury ) – has been First Lord of the Treasury.

The Treasury Commission ceased to meet late in the 18th century but has survived, albeit with very different functions: the First Lord of the Treasury is now the Prime Minister, the Second Lord is the Chancellor of the Exchequer ( and actually in charge of the Treasury ), and the Junior Lords are government Whips maintaining party discipline in the House of Commons ; they no longer have any duties related to the Treasury, though when subordinate legislation requires the consent of the Treasury it is still two of the Junior Lords who sign on its behalf.

Nevertheless, the brass plate on the door of the Prime Minister's home, 10 Downing Street, still bears the title of " First Lord of the Treasury ", as it has since the 18th century.

The United States Department of the Treasury has applied pressure to the IDA in the past by threatening to withhold support in negotiations of replenishment and capital increases.

The Secretary of the Treasury is a member of the President's Cabinet, and since the Clinton Administration, has been a member of the U. S. National Security Council.

Holding such " toxic " assets has led to the demise of several investment banks such as Lehman Brothers and other financial institutions during the subprime mortgage crisis of 2007-09 and led the US Treasury to seek congressional appropriations to buy those assets in September 2008 to prevent a systemic crisis of the banks.

His immediate successors did not always reside in Number 10 ( preferring their larger private residences ) but the home has nevertheless become established as the official residence of the Prime Minister ( in his or her capacity as First Lord of the Treasury ).

In practice, the Treasury Solicitor ( who also has the title of Procurator General ) normally provides the lawyers or briefs Treasury Counsel to appear in court, although the Attorney General may appear in person.

Downing Street in London, England has for over two hundred years housed the official residences of two of the most senior British Cabinet ministers: the First Lord of the Treasury, an office now synonymous with that of Prime Minister of the United Kingdom, and the Second Lord of the Treasury, an office held by the Chancellor of the Exchequer.

11 Downing Street has been the official residence of the Second Lord of the Treasury since 1828, and thus the residence of the Chancellor of the Exchequer.

The Chancellor has considerable control over other departments as it is the Treasury which sets departmental expenditure limits.

* The gold reserve of the U. S. Treasury is saved when J. P. Morgan and the Rothschilds loan $ 65 million worth of gold to the United States government.

The interwar partially backed gold standard was inherently unstable, because of the conflict between ( a ) the expansion of sterling and dollar liabilities to foreign central banks, and ( b ) the resulting deterioration in the reserve ratio of the Bank of England, and U. S. Treasury and Federal Reserve Banks.

However, the dollar remains until recently the favorite reserve currency because it has stability along with assets such as United States Treasury security that have both scale and liquidity.

In the early 1870s, Treasury Secretaries George S. Boutwell and William Adams Richardson maintained that, though Congress had mandated $ 356, 000, 000 as the minimum Greenback circulation, the old Civil War statutes still authorized a maximum of $ 400, 000, 000-and thus they had at their discretion a " reserve " of $ 44, 000, 000.

La Trobe's most lasting contribution to the city was to reserve large areas as public parks: today these are the Treasury Gardens, the Carlton Gardens, the Flagstaff Gardens, Royal Park and the Royal Botanic Gardens.

* Exchange Stabilization Fund, an emergency reserve fund of the United States Treasury Department

It was also confirmed that the cost of the Libyan operations was £ 212m – less than was estimated, including £ 67m for replacing spent munitions, is all expected to be met from the Treasury reserve.

In 1934, Currie became a naturalized United States citizen and joined Jacob Viner's " freshman brain trust " at the U. S. Treasury where he outlined an ideal monetary system for the United States which included a 100-percent reserve banking plan to strengthen central bank control by preventing member banks from lending out their demand deposit liabilities, while removing reserve requirements on savings deposits with low turnover.

The bill provided for the Treasury Department to initiate reserve requirements and a federal bailout to large failing institutions.

The Exchange Stabilization Fund ( ESF ) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention.

Former U. S. Treasury Secretary Henry Paulson's original bailout proposal under which the government would acquire up to $ 700 billion worth of mortgage-backed securities contained no provision to begin paying interest on reserve balances.

It stated simply, " Notwithstanding any other provision of law, the Secretary of the Treasury and the Board of Governors of the Federal Reserve System shall take such action as may be necessary to ensure that the number of Federal reserve notes in the denomination of $ 1 which are in circulation at any time does not decrease below the number of such reserve notes in circulation as of the date of the enactment of this Act.

At the start of the First World War, the Currency and Bank Notes Act 1914 was passed which granted temporary powers to HM Treasury for issuing banknotes to the value of £ 1 and 10 /- ( ten shillings ) in the UK.

Hamilton, then Secretary of the Treasury, argued that the Bank was an effective means to utilize the authorized powers of the government implied under the law of the Constitution.

::( 1 ) If, by reason of death, resignation, removal from office, inability, or failure to qualify, there is no President pro tempore to act as President under subsection ( b ) of this section, then the officer of the United States who is highest on the following list, and who is not under disability to discharge the powers and duties of the office of President shall act as President: Secretary of State, Secretary of the Treasury, Secretary of Defense, Attorney General, Secretary of the Interior, Secretary of Agriculture, Secretary of Commerce, Secretary of Labor, Secretary of Health and Human Services, Secretary of Housing and Urban Development, Secretary of Transportation, Secretary of Energy, Secretary of Education, Secretary of Veterans Affairs, Secretary of Homeland Security.

Smuts was criticised for his overarching powers, and was reshuffled, losing his positions in charge of Defence and the Mines, but gaining control of the Treasury.

ECGD derives its powers from the 1991 Export and Investment Guarantees Act and undertakes its activities in accordance with a specific consent from HM Treasury.

The Treasury had exercised powers to freeze the appellants ' financial assets and economic resources on the ground that it reasonably suspected the appellants were or might be persons who had committed, attempted to commit, participated in or facilitated the commission of terrorism, pursuant to the Terrorism ( United Nations Measures ) Order 2006 and the Al-Qaida and Taliban ( United Nations Measures ) Order 2006 made under the United Nations Act 1946.

In 1920, the bank took over from the Department of the Treasury the responsibility for the issue of Australian bank notes, the beginning of its acquisition of central bank powers.

The fundamental powers of the Bank were limited to lending in small amounts, making advance payments to the Government and discounting some Treasury bills.

In that same year he withdrew £ 200, 000 from the Treasury for his personal expenses, in exchange for limiting his powers by a new constitution.

Morton became increasingly infuriated by the impotence of the organisation he had been appointed to lead, and relations with the Department for Transport, the Treasury and the Rail Regulator-which collectively did have the powers which Morton wanted-deteriorated quite quickly.

In July 2007, HM Treasury published its Review of sub-national economic development and regeneration, which stated that the government would allow those city regions that wished to work together to form a statutory framework for city regional activity, including powers over transport, skills, planning and economic development.

If passed into law as originally written, the proposed bill would have given the United States Treasury Secretary unprecedented powers over the economic and financial life of the U. S. Section 8 of Paulson ’ s original plan stated: " Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

The Treasury has been criticized for encroaching on spending powers that are enumerated for Congress alone by the US constitution, and for violating limits imposed by the Housing and Economic Recovery Act of 2008.

Hazrat Imam Aziz, had given him wide powers and he was also drawing a good remuneration from the Treasury with a high position in the government.