The Assistant Secretary of the Treasury for Financial Institutions is an official 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 ...
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." The post is currently held by
Graham Steele
Graham J. Steele (July 8, 1964, Winnipeg, Manitoba) is a Canadian lawyer, author, and former politician, having represented the constituency of Halifax Fairview in the Nova Scotia House of Assembly from 2001-2013 for the Nova Scotia New Democrat ...
, with President
Joe Biden nominating him to lead the office on July 19, 2021.
The office was formed in 1976 by Secretary of the Treasury
William E. Simon
William Edward Simon (November 27, 1927 – June 3, 2000) was an American businessman and philanthropist who served as the 63rd United States Secretary of the Treasury. He became the Secretary of the Treasury on May 9, 1974, during the Nixon admi ...
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
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 ...
.
31 U.S.C. § 301(e)
/ref> The Assistant Secretary of the Treasury for Financial Institutions reports to the Under Secretary of the Treasury for Domestic Finance
The Under Secretary of the Treasury for Domestic Finance is a high-ranking position within United States Department of the Treasury that reports to, advises, and assists the Secretary of the Treasury and the Deputy Secretary of the Treasury. The u ...
, who in turn reports to 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 ...
and the United States Deputy Secretary of the Treasury
The United States 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 Secret ...
.
List of Assistant Secretaries of the Treasury for Financial Institutions
See also
* Assistant Secretary of the Treasury
A 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.
History
According to U.S. statute, there are eight Assista ...
References
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