Assistant Secretary of the Treasury for Financial Institutions
| Assistant Secretary of the Treasury for Financial Institutions | |
|---|---|
 Flag of an Assistant Secretary of the Treasury | |
| Department of the Treasury | |
| Style | The Honorable |
| Reports to | Under Secretary of the Treasury for Domestic Finance |
| Nominator | President of the United States |
| Salary | $155,500 (2010)[1] |
| Website | Official website |
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. The office "helps formulate policy on financial institutions and government-sponsored enterprises, cybersecurity and critical infrastructure protection."[2] In June 2017, President Donald Trump nominated Christopher Campbell to the position. He was confirmed by the U.S. Senate on August 3, 2017.[3] The post is currently vacant, with President Joe Biden nominating Graham Steele to lead the office on July 19, 2021.[4]
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.[5] 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 (incomplete)[]
| Name | Assumed office | Left office | President appointed by | Secretary served under |
|---|---|---|---|---|
| Richard S. Carnell[6] | 1993 | 1999 | Bill Clinton | Lloyd Bentsen, Robert Rubin |
| Gregory Baer[7] | 1999 | January 20, 2001 | Bill Clinton | Robert Rubin, Larry Summers |
| Sheila Bair[8] | July 2001 | June 2002 | George W. Bush | Paul O'Neill |
| Wayne A. Abernathy[9] | 2003 | 2005 | George W. Bush | John W. Snow |
| Emil Henry[10] | 2005 | 2007 | George W. Bush | John W. Snow, Henry Paulson |
| David Nason[10] | March 2007 | March 2009 | George W. Bush | Henry Paulson |
| Michael Barr[11] | May 2009 | January 2011 | Barack Obama | Timothy Geithner |
| Cyrus Amir-Mokri | November 1, 2011 | April 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 | 2021 | Present | Joe Biden | Janet Yellen |
References[]
- ^ "David Samuel Cohen". Search Federal Pay. Feds Data Center. Retrieved 29 April 2016.
- ^ "Financial Institutions". U.S Department of the Treasury. Retrieved 7 November 2021.
- ^ Jagoda, Naomi. "Trump picks Senate aide for Treasury position". TheHill.com. Retrieved 24 July 2017.
- ^ "President Biden Announces Three Key Nominations". The White House. Retrieved 7 November 2021.
- ^ 31 U.S.C. § 301(e)
- ^ "Profile from Fordham University". Archived from the original on 2010-12-15. Retrieved 2011-04-08.
- ^ "Archived copy". Archived from the original on 2015-04-02. Retrieved 2015-03-01.CS1 maint: archived copy as title (link)
- ^ Jim Puzzanghera "FDIC Chief in Tune with Democrats", Los Angeles Times, Nov. 18, 2008
- ^ Profile from the Washington Association of Money Managers
- ^ a b Profile from BusinessWeek
- ^ Profile from WhoRunsGov Archived July 3, 2011, at the Wayback Machine
- United States Assistant Secretaries of the Treasury