The primary functions of a treasury department at a bank involve asset/liability management. A substantial amount of time is invested by the department in forecasting net interest income (NII) and...
No, it a division of the US government headed by the Secretary of Treasury which is a cabinet position. It enforces federal banking regulations as part of its job.
The phrase 'treasury department' means the federal department that collects revenue and administers federal finances; the Treasury Department was created in 1789