Assistant Secretary of the Treasury for Financial Institutions
Encyclopedia
The Assistant Secretary of the Treasury for Financial Institutions is an official in the United States Department of the Treasury
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...

 who is the head of the Office of Financial Institutions
Office of Financial Institutions
The Office of Financial Institutions is an agency of the United States federal government in the United States Department of the Treasury. OFI coordinates the Department's efforts regarding financial institutions legislation and regulation, legislation affecting Federal agencies that regulate or...

. The office has been vacant since January 2010 when Michael Barr
Michael Barr (Treasury official)
Michael S. Barr is a professor of law at the University of Michigan Law School. Previously he served as Assistant Secretary for Financial Institutions of the U.S...

 left office.

According to U.S. statute, there are ten Assistant Secretaries of the Treasury
United States Assistant Secretary of the Treasury
The United States Assistant Secretary of the Treasury is one of several positions in the United States Department of the Treasury, serving under the United States Secretary of the Treasury....

 appointed by the President of the United States
President of the United States
The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces....

 with the advice and consent
Advice and consent
Advice and consent is an English phrase frequently used in enacting formulae of bills and in other legal or constitutional contexts, describing a situation in which the executive branch of a government enacts something previously approved of by the legislative branch.-General:The expression is...

 of the United States Senate
United States Senate
The United States Senate is the upper house of the bicameral legislature of the United States, and together with the United States House of Representatives comprises the United States Congress. The composition and powers of the Senate are established in Article One of the U.S. Constitution. Each...

. 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
United States Secretary of the Treasury
The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United...

 and the United States Deputy Secretary of the Treasury
United States Deputy Secretary of the Treasury
The Deputy Secretary of the Treasury, in the United States government, advises and assists the Secretary of the Treasury in the supervision and direction of the Department of the Treasury and its activities, and succeeds the Secretary in his absence, sickness, or unavailability...

.

List of Assistant Secretaries of the Treasury for Financial Institutions (Incomplete)

Name Assumed Office Left Office President
President of the United States
The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces....

 Appointed By
Secretary
United States Secretary of the Treasury
The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United...

 Served Under
Richard S. Carnell
Richard S. Carnell
Richard Scott Carnell is a United States lawyer who was Assistant Secretary of the Treasury for Financial Institutions from 1993 to 1999.-Biography:...

1993 1999 Bill Clinton
Bill Clinton
William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation...

Lloyd Bentsen
Lloyd Bentsen
Lloyd Millard Bentsen, Jr. was a four-term United States senator from Texas and the Democratic Party nominee for Vice President in 1988 on the Michael Dukakis ticket. He also served in the House of Representatives from 1949 to 1955. In his later political life, he was Chairman of the Senate...

, Robert Rubin
Robert Rubin
Robert Edward Rubin served as the 70th United States Secretary of the Treasury during both the first and second Clinton administrations. Before his government service, he spent 26 years at Goldman Sachs eventually serving as a member of the Board, and Co-Chairman from 1990-1992...

Sheila Bair 2001 2002 George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

Paul O'Neill
Wayne A. Abernathy
Wayne A. Abernathy
Wayne A. Abernathy is a United States economist and congressional staffer who served as Assistant Secretary of the Treasury for Financial Institutions from 2002 to 2005.-Biography:Wayne A...

2003 2005 George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

John W. Snow
John W. Snow
| image=John W. Snow.jpg|imagesize = 250px| order=73rd| title=United States Secretary of the Treasury| term_start=February 3, 2003| term_end=June 28, 2006| predecessor=Paul O'Neill| successor=Henry Paulson| birth_date=| birth_place=Toledo, Ohio...

Emil Henry
Emil Henry
Emil W. Henry, Jr. is a former Assistant Secretary for Financial Institutions of the U.S. Treasury Department.-References:...

2005 2007 George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

John W. Snow
John W. Snow
| image=John W. Snow.jpg|imagesize = 250px| order=73rd| title=United States Secretary of the Treasury| term_start=February 3, 2003| term_end=June 28, 2006| predecessor=Paul O'Neill| successor=Henry Paulson| birth_date=| birth_place=Toledo, Ohio...

, Henry Paulson
Henry Paulson
Henry Merritt "Hank" Paulson, Jr. is an American banker who served as the 74th United States Secretary of the Treasury. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs.-Early life and family:...

David Nason
David Nason
David G. Nason is senior vice president and global regulatory management and compliance officer for GE Capital. Previously, he served as Assistant Secretary for Financial Institutions under Treasury Secretary Henry M...

March 2007 March 2009 George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

Henry Paulson
Henry Paulson
Henry Merritt "Hank" Paulson, Jr. is an American banker who served as the 74th United States Secretary of the Treasury. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs.-Early life and family:...

Michael Barr
Michael Barr (Treasury official)
Michael S. Barr is a professor of law at the University of Michigan Law School. Previously he served as Assistant Secretary for Financial Institutions of the U.S...

May 2009 January 2010 Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

Timothy Geithner
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