Biden appoints first Native American as U.S. treasurer, with signature on money
Treasury Secretary Janet Yellen will announce the nomination of Mohegan Indian Tribe Lifetime Chief Marilynn Malerba as U.S. treasurer.
ROSEBUD, South Dakota — President Joe Biden on Tuesday announced his intention to appoint Mohegan Indian Tribe Lifetime Chief Marilynn Malerba as U.S. treasurer, marking the first time a Native American’s signature will appear on U.S. currency.
Treasury Secretary Janet Yellen, who is visiting the Rosebud Sioux Tribe in South Dakota on Tuesday, also announced the creation of a new Treasury Office of Tribal and Native Affairs, which will report to the treasurer and administer tribal relations.
Malerba’s appointment by Biden also will allow Yellen’s signature to be added to the U.S. currency, as this was prohibited without a U.S. treasurer in place. Dollar notes have been printed since Yellen took office last year with former Treasury secretary Steven Mnuchin’s signature on them.
Treasury Secretary Yellen admits to being wrong about severity of inflationJune 1, 202203:17The appointment helps reduce a long list of unfilled and unconfirmed senior positions at Treasury.
The treasurer position has been vacant since January 2020, when Jovita Carranza left to become Small Business Administrator in the Trump administration. The treasurer directly oversees the U.S. Mint, the Bureau of Printing and Engraving, storage of about $270 billion worth of gold at Fort Knox and is a key liaison with the Federal Reserve.
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