The Assistant Secretary of the Treasury for Financial Stability was the head of the

Office of Financial Stability The Assistant Secretary of the Treasury for Financial Stability was the head of the Office of Financial Stability in the United States Department of the Treasury. The position was created on October 3, 2008 by the Emergency Economic Stabilization ...

in the

United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and ...

. The position was created on October 3, 2008 by the

Emergency Economic Stabilization Act of 2008 The Emergency Economic Stabilization Act of 2008, often called the "bank bailout of 2008", was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush. It became ...

, the act that created the Office of Financial Stability to administer the

Troubled Asset Relief Program The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President ...

. By law, the Assistant Secretary of the Treasury for Financial Stability is appointed by the

President of the United States The president of the United States (POTUS) is the head of state and head of government of the United States of America. The president directs the executive branch of the federal government and is the commander-in-chief of the United States ...

with the

advice and consent Advice and consent is an English phrase frequently used in enacting formulae of bills and in other legal or constitutional contexts. It describes either of two situations: where a weak executive branch of a government enacts something prev ...

of the

United States Senate The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and pow ...

.Pub.L. 110-343 §101(a)(3)(A)
/ref> During a vacancy, the

United States Secretary of the Treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...

is authorized to appoint an Acting Assistant Secretary of the Treasury for Financial Stability. The position was abolished after

Timothy Massad Timothy George Massad (born July 30, 1956) is an American lawyer and government official who served as the chairman of the Commodity Futures Trading Commission (CFTC) under President Barack Obama. He had previously been Assistant Secretary for Fi ...

List of Assistant Secretaries of the Treasury for Financial Stability

{, class="wikitable" !Name !Picture !Assumed office !Left office !

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

appointed by !,

Secretary A secretary, administrative professional, administrative assistant, executive assistant, administrative officer, administrative support specialist, clerk, military assistant, management assistant, office secretary, or personal assistant is a ...

served under , - ,

Neel Kashkari Neel Tushar Kashkari
, October 6, 2008 , May 1, 2009 ,

George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...

, Henry Paulson

Timothy Geithner Timothy Franz Geithner (; born August 18, 1961) is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank o ...

, - , Herbert M. Allison ,

, June 2009 , September 2010 ,

Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the ...

, - ,

From Treasury Dept. website
/ref> , Official Timothy Massad Photo

, June 30, 2011 , June 5, 2014 ,

Jack Lew Jacob Joseph Lew (born August 29, 1955) is an American attorney and politician who served as the 76th United States Secretary of the Treasury from 2013 to 2017. A member of the Democratic Party, he also served as the 25th White House Chief of S ...

, -

References

Troubled Asset Relief Program

List of Assistant Secretaries of the Treasury for Financial Stability

See also

References