The Fiscal Assistant Secretary of the Treasury 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 Fiscal Service

Office of Fiscal Service

The Office of Fiscal Service is an agency of the United States federal government in the United States Department of the Treasury. The office is led by the Fiscal Assistant Secretary of the Treasury, currently Kenneth E. Carfine...

.

According to statute, the Fiscal Assistant Secretary is appointed by 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...

. The Fiscal Assistant Secretary is the highest ranking career official in the Department of the Treasury. The Fiscal Service, which the Fiscal Assistant Secretary heads, includes the Bureau of Government Financial Operations (which since 1984 has been known as the Financial Management Service

Financial Management Service

The Financial Management Service is a bureau of the United States Department of the Treasury and provides several financial services for the federal government...

) and the Bureau of the Public Debt

Bureau of the Public Debt

The Bureau of the Public Debt is an agency within the Fiscal Service of the United States Treasury Department. Under authority derived from Article I, section 8 of the Constitution, Public Debt is responsible for borrowing the money needed to operate the federal government, and is where donations...

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The Fiscal Assistant Secretary is responsible for the following principal functions:

• (1) Provides general supervision, policy oversight, management, and coordination of the Financial Management Service
  Financial Management Service
  The Financial Management Service is a bureau of the United States Department of the Treasury and provides several financial services for the federal government...
  
   and the Bureau of the Public Debt
  Bureau of the Public Debt
  The Bureau of the Public Debt is an agency within the Fiscal Service of the United States Treasury Department. Under authority derived from Article I, section 8 of the Constitution, Public Debt is responsible for borrowing the money needed to operate the federal government, and is where donations...
  
  .
• (2) Oversees the development of policies, programs, and systems for the collection, disbursement, management and security of public monies in the United States and in foreign countries and the related governmentwide accounting and reporting for such funds.
• (3) Oversees the development of policies, programs, and systems for financing and accounting for the public debt
  United States public debt
  The United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies...
  
  .
• (4) Provides general supervision and policy oversight of the Department's role as lead agency in improving cash management, credit administration, debt collection and financial management systems on a governmentwide basis.
• (5) Provides policy advice and general oversight regarding international cash management activities and improvements, including agreements to purchase foreign currencies and the holding and disbursement of these funds.
• (6) Ensures the timely consolidation and publication of information on the Federal Government's financial operations and financial position for use by decision-makers in the Government and in private sector financial markets.
• (7) Directs the implementation of security enhancements to ensure the authentication and integrity of data affecting electronic funds transfers.
• (8) Oversees the administration and investment of the Federal Government accounts and trust funds.
• (9) Oversees the management of the Treasury's daily cash position and the investment of excess operating cash balances.
• (10) Provides estimates of the Treasury's future cash and debt position for use by the Department in connection with its financing activities and other financial operations.
• (11) Provides direction and oversight of the performance of fiscal agency functions by the Federal Reserve banks
  Federal Reserve System
  The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...
  
   as fiscal agents of the Treasury.
• (12) Approves new and revised principles and standards and system designs for Treasury's fiscal accounting systems operated and maintained by the Financial Management Service and Bureau of the Public Debt, and coordinates efforts to review, improve and report such systems in accordance with Section 4 of the Federal Managers' Financial Integrity Act, Pub. L. 97-255 (31 U.S.C. 3512(d)(2)(B)).
• (13) Approves, in accordance with applicable Treasury directives, regulations pertaining to the Government securities market and participates in the development of policy issues affecting the liquidity, integrity and efficiency of the market.
• (14) Provides policy advice to the Assistant Secretary (International Affairs) regarding terms and conditions of agreements for borrowing from foreign international monetary authorities.
• (15) Represents the Secretary in directing the Treasury's participation in the Joint Financial Management Improvement Program
  JFMIP
  JFMIP stands for Joint Financial Management Improvement Program which was a program authorized by the Budget and Accounting Procedures Act of 1950 . JFMIP was to be a joint and cooperative action would be undertaken by the U.S...
  
   for improvement of all aspects of financial management in the Government.
• (16) Represents the Secretary on various interdepartmental commissions, boards, and committees.

List of Fiscal Assistant Secretaries (Incomplete List)

Name	Assumed Office	Left Office	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...  Appointed By	Administration Served Under
Edward F. Bartelt	1945	1955	Fred M. Vinson Fred M. Vinson Frederick Moore Vinson served the United States in all three branches of government and was the most prominent member of the Vinson political family. In the legislative branch, he was an elected member of the United States House of Representatives from Louisa, Kentucky, for twelve years...	Harry Truman, Dwight Eisenhower
John K. Carlock	1972	1974	George P. Shultz George P. Shultz George Pratt Shultz is an American economist, statesman, and businessman. He served as the United States Secretary of Labor from 1969 to 1970, as the U.S. Secretary of the Treasury from 1972 to 1974, and as the U.S. Secretary of State from 1982 to 1989...	Richard Nixon Richard Nixon Richard Milhous Nixon was the 37th President of the United States, serving from 1969 to 1974. The only president to resign the office, Nixon had previously served as a US representative and senator from California and as the 36th Vice President of the United States from 1953 to 1961 under...
David Mosso	1975	1977	William E. Simon William E. Simon William Edward Simon was a businessman, a Secretary of Treasury of the U.S. for three years, and a philanthropist. He became the 63rd Secretary of the Treasury on May 8, 1974, during the Nixon administration. He was reappointed by President Ford and served until 1977. Outside of government, he was...	Gerald Ford Gerald Ford Gerald Rudolph "Jerry" Ford, Jr. was the 38th President of the United States, serving from 1974 to 1977, and the 40th Vice President of the United States serving from 1973 to 1974...
Gerald Murphy	1986	1998	James Baker James Baker James Addison Baker, III is an American attorney, politician and political advisor.Baker served as the Chief of Staff in President Ronald Reagan's first administration and in the final year of the administration of President George H. W. Bush...	Ronald Reagan Ronald Reagan Ronald Wilson Reagan was the 40th President of the United States , the 33rd Governor of California and, prior to that, a radio, film and television actor.... , George H. W. Bush George H. W. Bush George Herbert Walker Bush is an American politician who served as the 41st President of the United States . He had previously served as the 43rd Vice President of the United States , a congressman, an ambassador, and Director of Central Intelligence.Bush was born in Milton, Massachusetts, to... , 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...
Donald V. Hammond	1998	2007	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...	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... , 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....
Kenneth E. Carfine	2007	2010	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:...	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....
Richard L. Gregg Richard L. Gregg Richard L. "Dick" Gregg is an official in the United States Department of the Treasury who has served as Fiscal Assistant Secretary of the Treasury since May 12, 2010.-Biography:...	May 12, 2010	Present	Timothy Geithner	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...