Treasury Secretary Janet L. Yellen moved one step nearer to lastly getting her signature on the U.S. greenback on Tuesday, when President Biden named Marilynn Malerba as treasurer of the United States.
Ms. Malerba, the chief of the Mohegan Tribe, might be the first Native American to carry the place. Her position, which doesn’t require Senate affirmation, consists of overseeing the U.S. Mint, the Bureau of Engraving and Printing and Fort Knox.
While Ms. Yellen sat for her official currency signing greater than a yr in the past, her name couldn’t seem on the dollar till a U.S. treasurer was in place. Under arcane rules, each signatures should be added to new collection of foreign money in tandem.
Emblazoning each denomination along with your signature is seen as a key perk of being Treasury secretary — though it may carry dangers.
Steven Mnuchin, who served as Treasury secretary below President Donald J. Trump, was mocked in 2017 for the way he dealt with the rollout of the first greenback invoice bearing his signature. He additionally bucked custom and printed his name, reasonably than utilizing cursive, as had been the norm.
Timothy F. Geithner, President Barack Obama’s first Treasury secretary, acknowledged that he needed to work on his signature to make it extra legible. And his successor, Jacob J. Lew, was laughed at for his signature, which initially resembled a doodle.
Ms. Yellen’s name doubtless gained’t seem on any payments for a number of weeks. A consultant for Treasury mentioned that whereas she supplied her signature to the Bureau of Engraving and Printing on March 10, 2021, it may take as much as 4 to 5 months to replace printing plates for every denomination.
Those actually curious for the way it may look can discover some hints on documents she signed throughout her tenure as chair of the Federal Reserve.