Chancellor of the Exchequer of its interest rates. The chancellor also has oversight of public spending across Government departments. The holder of the office of Chancellor of the Exchequer is "ex officio" Second Lord of the Treasury as a member of the commission exercising the ancient office of Lord High Treasurer. As the Second Lord, his official residence is 11 Downing Street in London, next door to the residence of the First Lord of the Treasury (a title that has for many years been held by the prime minister), who resides in 10 Downing Street. While in the past both houses were private residences,
President of the Treasury Board President of the Treasury Board The President of the Treasury Board () chairs the Treasury Board of Canada and is responsible for accounting for the government's fiscal operations. The position was created as a ministerial position in the Canadian Cabinet in 1966 when the Treasury Board became a full-fledged department. From 1867 to 1966 the Treasury Board had been part of the Department of Finance. Technically, the Treasury Board is a Cabinet committee of the Queen's Privy Council for Canada. It is responsible for managing the government's fiscal and administrative responsibilities including management of the civil service and oversight of