David J. Ryder was administered the oath of office April 12 by
Treasury Secretary Steven Mnuchin to become the 39th director of the
United States Mint.
Mnuchin administered the oath in the Diplomatic Reception Room of
the Main Treasury Building, 1500 Pennsylvania Ave. in Washington, D.C.
Ryder says one of his primary priorities upon returning to the
Mint’s fold is addressing anti-counterfeiting concerns for the
nation’s coinage, specifically bullion issues.
Ryder begins his second stint as the bureau’s chief executive, but
it is his first full five-year term after completing a nomination
process. Ryder, 62, served previously as the 34th U.S. Mint director,
but under a recess appointment from President George H.W. Bush.
The path to Ryder’s service as Mint director once again has been a
long one. Originally nominated by President Trump on Oct. 2, 2017, he
appeared before the Senate Committee on Banking, Housing and Urban
Affairs three weeks later and was subsequently voted out of committee
for a full Senate vote.
Buy the book before the note? That’s
right Wendell Wolka explains why investing in a library
is essential for paper money collectors. Also in this issue, we
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However, the full Senate did not take a vote before the
congressional session ended. The process restarted Jan. 8, when Ryder
was again nominated by President Trump. Ryder did not have to appear
before the Senate Banking Committee a second time, but a full Senate
vote on his nomination was nevertheless delayed. Temporary holds were
placed, on separate dates, by Sens. Rand Paul, R-Ky., and Chuck
Grassley, R-Iowa, citing Treasury Department issues totally unrelated
to Ryder’s qualifications to hold office.
Ryder’s nomination eventually received the approval of the full
Senate by unanimous consent on March 21.
The wait this time was shorter than when Ryder, who served as deputy
chief of staff to Vice President Dan Quayle before becoming deputy
treasurer of the United States, was nominated by President George H.W.
Bush on July 25, 1991, to succeed Donna Pope as Mint director.
Just under a year later, July 9, 1992, when the Senate had still not
acted upon Ryder’s nomination, Treasury Secretary Nicholas Brady named
him acting Mint director.
Fifty-six days later, on Sept. 3, 1992, when Congress was in recess,
President Bush named Ryder Mint director under a recess appointment.
As a recess appointment, without Senate confirmation, the term of
office became fixed at the conclusion of the next session of Congress,
which was interpreted to be the end of the first session of the 103rd Congress.
Ryder’s term as Mint director ended at 3:07 p.m. Nov. 24, 1993, when
the Senate adjourned its first session of the 103rd Congress without
confirming his nomination.
Since leaving office, Ryder has worked 25 years in the private
sector overseeing the development and implementation of
anti-counterfeiting technologies for coins, paper money and other
Since 2007, Ryder has been global business development manager for
Honeywell Authentication Technologies as a manufacturer and supplier
of covert and forensic security features for the authentication of
currency, value documents and products.
From January 1994 through 2007, Ryder served as president of Secure
Products Corp., a producer of special machine readable materials that
provided positive identification of currency, branded products, and
other high value documents as genuine.
The Mint last had a director in January 2011, when Edmund C. Moy
resigned to re-enter the private sector with almost eight months
remaining on his presidentially appointed five year term.
Neither of the two nominations for Mint director made by former
President Obama — first of Bibiana Boerio and the second of Matthew
Rhett Jeppson — ever progressed to receive Senate approval.
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