Bureau of the Treasury - Manila

The Filipino nation had its first national Treasurer in the person of Baldomero Aguinaldo who was appointed by President Emilio Aguinaldo as Secretary of the Treasury. The imposition and collection of taxes became its principal functions. The Philippine Commission headed by William H. Taft created the Bureau of Insular Treasury which was tasked to receive and disburse public funds and account for the same. It also began the supervision of the country’s banks. The Bureau of Insular Treasury was placed under executive control of the Department of Finance and Justice by Section 3 of Act No. 222. The Bureau of Insular Treasury was renamed to Bureau of the Treasury by Act No. 1679 and given the additional task of coinage and currency supervision. The Bureau of Banking assumed the supervision  

Show more

of the country’s banks from the Bureau of the Treasury.The Bonding Law was passed based on a provision of the Administrative Code in 1917. Republic Act No. 265 transferred the functions of coinage and currency printing from the Bureau to the newly organized Central Bank of the Philippines.