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The Treasury Department announced Thursday that by 2020, the first U.S. Treasury Secretary will no longer grace the $10 bill but will be replaced by a yet-to-be-named woman.

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David Cohen, the Treasury undersecretary for terrorism and financial intelligence, talks about actions the Treasury Department is taking to combat financing for the Islamic State group during the daily press briefing at the White House in Washington on Oct. 23, 2014. (Associated Press) **FILE**

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Health and Human Services Secretary Sylvia Burwell speaks at the Treasury Department in Washington in this July 28, 2014, file photo. (AP Photo/Susan Walsh, File)

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The Treasury Department's inspector general is looking into why the department hired a woman already under federal investigation for steering millions of dollars in no-bid contracts to a friend's company, and why she misled investigators who were looking into the matter. (PRNewsFoto/U.S. Treasury Department)

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Federal Reserve Chair Janet Yellen arrives for an open session of the Financial Stability Oversight Council meeting at the Treasury Department in Washington, Monday, Oct. 6, 2014. (AP Photo/Susan Walsh)

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Sen. Mike Lee is preparing to tour Europe to engage Americans in a battle against the Foreign Account Tax Compliance Act, which allows the Treasury Department to confiscate money from their bank accounts. (Associated Press)

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Critics say that redacted information about Treasury Department dealings with Fannie Mae and Freddie Mac may prove embarrassing to the Obama White House. (associated press)

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Health and Human Services Secretary Sylvia Burwell, center, flanked by Treasury Secretary and Managing Trustee Jacob J. Lew, left, and Labor Secretary Thomas E. Perez, speaks at a news conference at the Treasury Department in Washington, Monday, July 28, 2014, to discuss the release of the annual Trustees Reports. (AP Photo/Susan Walsh)

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**FILE** Treasury Secretary Jacob Lew pauses while speaking about the U.S. economy, next steps for financial reform, and the Treasury Department's international agenda, Thursday, Jan. 16, 2014, at the Council on Foreign Relations in Washington. (AP Photo/Manuel Balce Ceneta)