Assistant Secretary Of The Treasury For Financial Institutions

The Assistant Secretary of the Treasury for Financial Institutions is an official in the United States Department of the Treasury who is the head of the Office of Financial Institutions (OFI).

The office "helps formulate policy on financial institutions and government-sponsored enterprises, cybersecurity and critical infrastructure protection."

Assistant Secretary of the Treasury for Financial Institutions
Assistant Secretary Of The Treasury For Financial Institutions
Flag of an Assistant Secretary of the Treasury
Incumbent
Vacant
since January 2024
Department of the Treasury
StyleThe Honorable
Reports toUnder Secretary of the Treasury for Domestic Finance
NominatorPresident of the United States
Formation1976
First holderRobert A. Gerard
Salary$155,500 (2010)
WebsiteOfficial website

The post was most recently held by Graham Steele, who was nominated to the position by President Joe Biden on July 19, 2021. Steele resigned from the position in January 2024.

History

The office was formed in 1976 by Secretary of the Treasury William E. Simon as the Assistant Secretary for Capital Markets and Debt Management.

According to U.S. statute, there are ten Assistant Secretaries of the Treasury appointed by the President of the United States with the advice and consent of the United States Senate. The Assistant Secretary of the Treasury for Financial Institutions reports to the Under Secretary of the Treasury for Domestic Finance, who in turn reports to the United States Secretary of the Treasury and the United States Deputy Secretary of the Treasury.

List of Assistant Secretaries of the Treasury for Financial Institutions

Name Assumed office Left office President appointed by Secretary served under
Robert A. Gerard 1976 1977 Gerald Ford William E. Simon
Roger C. Altman June 13, 1977 1981 Jimmy Carter
Roger William Mehle, Jr. 1981 1983 Ronald Reagan
Thomas J. Healey 1983 1985 Ronald Reagan
Charles O. Sethness 1985 1989 Ronald Reagan
David W. Mullins, Jr. 1989 1990 George H.W. Bush
Jerome H. Powell 1990 April 7, 1992 George H.W. Bush
John Cunningham Dugan 1992 1993 George H.W. Bush
Richard S. Carnell 1993 1999 Bill Clinton Lloyd Bentsen, Robert Rubin
Gregory Baer 1999 January 20, 2001 Bill Clinton Robert Rubin, Larry Summers
Sheila Bair July 2001 June 2002 George W. Bush Paul O'Neill
Wayne A. Abernathy 2003 2005 George W. Bush John W. Snow
Emil Henry 2005 2007 George W. Bush John W. Snow, Henry Paulson
David Nason March 2007 March 2009 George W. Bush Henry Paulson
Michael Barr May 2009 January 2011 Barack Obama Timothy Geithner
Cyrus Amir-Mokri November 1, 2011 November 1, 2014 Barack Obama Timothy Geithner
Christopher Campbell 2017 2018 Donald Trump Steven Mnuchin
Bimal Patel June 20, 2019 July 1, 2020 Donald Trump Steven Mnuchin
Graham Steele December 3, 2021 January 2024 Joe Biden Janet Yellen

See also

References

Tags:

Assistant Secretary Of The Treasury For Financial Institutions HistoryAssistant Secretary Of The Treasury For Financial Institutions List of Assistant Secretaries of the Treasury for Financial InstitutionsAssistant Secretary Of The Treasury For Financial InstitutionsOffice of Financial InstitutionsUnited States Department of the Treasury

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