Carranza replaces popular US Treasurer Rosie Rios, who left the post in July, 2016
By CoinWeek News Staff ….
Fans of modern US paper money, take note (see what we did there?).
On April 28, President Donald Trump appointed Jovita Carranza as the 44th Treasurer of the United States on April 28. She takes over the position most recently held by Rosa “Rosie” Gumataotao Rios, who served under President Obama from July 28, 2009 to July 8 of last year. In something of a federal tradition, Carranza is the 16th consecutive woman to hold the post; the first, Georgia Neese Clark, was appointed under President Truman in 1949. Ms. Carranza is also the seventh woman of Hispanic ethnicity to serve as Treasurer.
Interestingly, her appointment does not require the approval of the US Senate. The Presidential Appointment Efficiency and Streamlining Act of 2011 (Pub.L. 112-166) removed the legislative check on the presidential appointment of over 160 governmental positions. This makes Rosie Rios the last Treasurer to go before a Senate committee for a nomination hearing.
While she has not yet assumed her duties as United States Treasurer, Carranza is currently President and Chief Executive Officer of the business development consulting firm JCR Group. Prior to that, she was appointed Deputy Administrator of the US Small Business Administration (SBA) by President George H. W. Bush, a job she held from December of 2006 to January of 2009. It is perhaps noteworthy that former Acting Director of the United States Mint Rhett Jeppson also worked in an executive function at the SBA.
It may also be worth noting that the Senate unanimously approved her nomination to the SBA.
She joined the federal government after working as Vice President of Air Operations for the package and mail delivery company UPS (United Parcel Service).
Carranza has received many awards throughout her career, including “Woman of the Year” by Hispanic Business Magazine.
Duties of the Office
As can be easily deduced, the U.S. Treasurer works within the Treasury Department. The position has entailed different responsibilities in the past but now oversees the Bureau of Engraving and Printing (BEP), the Mint and the Savings Bond Marketing Office within the Bureau of the Fiscal Service. He or she advises the mint director, the director of the BEP and the deputy secretary and secretary of the Treasury regarding coinage, currency and related instruments.
At the time of publication, there is no word as to when Federal Reserve notes will begin to carry her signature.
Photo credit: CP Consulting, Creative Commons BY-SA 4.0
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