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Obama nominates Rios for Treasurer

The signature of Rosa Gumatao Rios might soon replace that of Anna Escobedo Cabral on Federal Reserve Notes if the Senate of the United States confirms her nomination to the office of Treasurer of the United States.

The President’s nomination was sent to the Senate May 18.

Cabral resigned the treasurer’s post when the Bush Administration left office Jan. 20.

The new treasurer’s facsimile signature would appear on Federal Reserve Notes with that of the Secretary of the Treasury Timothy F. Geithner.

A new series date is expected when the changes are made. Current issues are Series 2006. Unlike coins, paper money dates are based on when the last significant changes were made to the notes, including the changes in signature.

Rios is a former redevelopment and development manager for Oakland, Calif., and she took a leave as managing director of investments for MacFarlane Partners, a real estate investment management firm, according to the Web site of the White House press secretary.

The treasurer in recent years has done little more than sell Savings Bonds, though a reform in the Reagan Administration gave the position for a time oversight authority for the Bureau of Engraving and Printing and the U.S. Mint.

The office’s official Web site notes that “in 2002, the Office of the Treasurer underwent further reorganization. The Treasurer currently advises the Director of the Mint, the Director of the Bureau of Engraving and

Printing, the Deputy Secretary and the Secretary on matters relating to coinage, currency and the production of other instruments by the United States. The Treasurer also serves as one of the Treasury Department’s principal advisors and spokespersons in the area of financial literacy and education.”

Rios received a bachelor’s degree in sociology and romance languages and literature from Harvard University.

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