PEOPLE: First time in history: U.S. banknotes will bear the signature of two women, Secretary of the Treasury and Treasurer of the U.S.
AGN News Team
December 8, 2022
WASHINGTON (AGN.News) – For the first time in U.S. history U.S. banknotes will bear the signature of two women, 78th United States Secretary of the Treasury, Janet Louise Yellen (Janet Yellen) and the 45th Treasurer of the United States, Marilynn Roberge Malerba (Lynn Malerba).
Today, speaking at the Bureau of Engraving and Printing facility in Fort Worth, Texas, the Secretary of the Treasury, Janet Yellen said, “Women represent around 62% of the Treasury workforce, and women are in positions of power across our department.”
“Today is not about me or a new signature on our currency. It’s about our collective work to create a stronger and more inclusive economy,” Yellen added.
What makes these notes special?
Two new banknotes are being printed at the Bureau of Engraving and Printing facility. One is the $1 bill and the other is the $5 bill.
These notes are the first carrying the signature of a Native American woman — U.S. Treasurer Lynn Malerba. Ms Malerba is the 45th Treasurer of the United States.
Additionally, these notes are the first carrying the signature of another woman — U.S. Secretary of the Treasury, Janet Yellen. Ms Yellen is the 78th United States Secretary of the Treasury.
Malerba: Treasurer and Tribal Leader
Treasurer Lynn Malerba earned a Master of Public Administration from the University of Connecticut and a Doctor of Nursing Practice from Yale University.
Treasurer Marilynn Roberge Malerba is the first Native American to hold the position of Treasurer of the United States. She is also an American tribal leader who is the lifetime chief of the Mohegan Tribe. She also has a degree in nursing.
Malerba studied nursing at Hartford Hospital College of Nursing, and then earned a Bachelor of Science from St. Joseph’s College (now known as the University of Saint Joseph) in West Hartford, Connecticut, in 1983.
The Mohegan Tribe predates the U.S.
The Mohegan Tribe is a federally recognized tribe and sovereign tribal nation of the Mohegan people. Their reservation is the Mohegan Indian Reservation, located on the Thames River in Uncasville, Connecticut. Mohegan’s independence as a sovereign nation has been documented by treaties and laws for over 350 years.
Yellen: Secretary of the Treasury
Janet Yellen is the 78th United States Secretary of the Treasury since January 26, 2021. The Secretary of the Treasury is the chief financial officer of the federal government of the United States.
As the Secretary of the Treasury, she serves as the principal advisor to the President of the United States on all matters pertaining to economic and fiscal policy. She is also a statutory member of the Cabinet of the United States, and is fifth in the presidential line of succession.
Yellen: History making firsts
Among the many firsts for Janet Yellen is the first woman Secretary of the Treasury (2021) and the first woman to have her signature on U.S. banknotes (2022).
Yellen is the first woman to serve as the chair of the Federal Reserve (from 2014 to 2018).
Yellen is the first woman to have led the White House Council of Economic Advisers February 18, 1997 – August 3, 1999.
Yellen graduated from Brown University in 1967 and earned a Ph.D. in economics from Yale University in 1971. She taught as an assistant professor at Harvard University from 1971 until 1976.
In 1976, she began working for the Federal Reserve Board as a staff economist from 1977 to 1978 before joining the faculty of the London School of Economics from 1978 to 1980.
MONEY: $1 and the $5 banknotes in 2023
A Treasury spokesperson announced the banknotes will be delivered to the Federal Reserve in December and enter into circulation in January 2023.
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Written by
AGN.News Team
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