On Wednesday, Joseph R. Biden Jr. became the 46th President of the United States. It was the 46th time since 1789 that a new President took the oath of office. Regardless of the circumstances leading up to the inauguration, this was the 59th ceremonial inauguration. There were eight other inaugurations following the death of presidents and Gerald Ford’s inauguration following Richard M. Nixon’s resignation.
For numismatics, the new administration means there will be leadership changes at the Department of the Treasury. The president nominated Janet Yellen as the Secretary of the Treasury. When confirmed, Yellen will become the 78th Treasury Secretary. The Series 2021 Federal Reserve Notes will feature Yellen’s signature on the right side.
The president has not nominated a Treasurer of the United States. Currently, the office has been vacant since the resignation of Jovita Carranza in January 2020. When the Senate approves a nominee, that person’s signature will appear on the Federal Reserve Notes’ left side.
Officially, the Director of the U.S. Mint is an appointment of five years. David J. Ryder, the current director, was confirmed in April 2018. Ryder can serve until 2023. Although Ryder could have resigned at the end of the previous administration, he chose not to. It is unclear if Ryder, a Republican, will continue to serve as Director. The U.S. Mint’s press office responded to a question about Ryder’s plans:
Finally, the Director of the Bureau of Engraving and Printing is not an appointed position. BEP’s Directors are members of the government’s Senior Executive Service as career government employees. Len Olijar is the current and 25th Director of the Bureau of Engraving and Printing.
And now the news…