New Director of US Mint

WASHINGTON – Edmund C. Moy was sworn in today as the 38th Director of the United States Mint by Treasury Secretary Henry Paulson. The United States Senate confirmed Mr. Moy on July 26, 2006. He previously served at the White House as Special Assistant to the President for Presidential Personnel.

As Director of the United States Mint, Moy will oversee an agency that is the world’s largest manufacturer of coins, medals and coin-related products. Since Congress created it in 1792, the United States Mint has grown into a highly efficient enterprise with 1,900 employees and operations in five states and the District of Columbia.

Before being invited to join the George W. Bush administration and work on the 2001 transition team, Mr. Moy served as Senior Advisor at the Wall Street private equity firm of Welsh, Carson, Anderson and Stowe. Earlier in his career, he served in the administration of President George H.W. Bush from 1989 to 1993 as the Director of the Office of Managed Care for the Federal Health Care Financing Administration at the Department of Health and Human Services.

Mr. Moy graduated from Waukesha North High School, and received his bachelor’s degree in economics, international relations and political science from the University of Wisconsin.

A Chinese-American, he is active in organizations representing the Asian-American community. In May 2006, Mr. Moy and U.S. Senator Daniel K. Inouye (D-Hawaii) were honored by the Asian Pacific American Institute for Congressional Studies for their contributions to the Asian Pacific American community. Mr. Moy, his wife, Karen, and daughter, Nora, live in the Washington, D.C., area.

The United States Mint generated $1.77 billion in revenues in FY 2005 and transferred $775 million to the U.S. Treasury General Fund. The agency also produced more than 15 billion coins in 2005, fulfilling the United States Mint’s mission to produce the nation’s circulating coinage for trade and commerce.

(via US Mint)