Official in the U.S. Treasury Department
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 (OFI). The office "helps formulate policy on financial institutions and government-sponsored enterprises, cybersecurity and critical infrastructure protection."[ 2]
The post was most recently held by Graham Steele , who was nominated to the position by President Joe Biden on July 19, 2021.[ 3] [ 4]
History
The office was formed in 1976 by Secretary of the Treasury William E. Simon as the Assistant Secretary for Capital Markets and Debt Management .[ 5]
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 .[ 6] 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
Name
Assumed office
Left office
President appointed by
Secretary served under
Robert A. Gerard
1976
1977
Gerald Ford
William E. Simon
Roger C. Altman
June 13, 1977[ 7]
1981
Jimmy Carter
Roger William Mehle, Jr.
1981
1983
Ronald Reagan
Thomas J. Healey
1983
1985
Ronald Reagan
Charles O. Sethness
1985
1989
Ronald Reagan
David W. Mullins, Jr.
1989
1990
George H.W. Bush
Jerome H. Powell
1990
April 7, 1992
George H.W. Bush
John Cunningham Dugan
1992
1993
George H.W. Bush
Richard S. Carnell [ 8] 1993
1999
Bill Clinton
Lloyd Bentsen , Robert Rubin
Gregory Baer [ 9] 1999
January 20, 2001
Bill Clinton
Robert Rubin , Larry Summers
Sheila Bair [ 10] July 2001
June 2002
George W. Bush
Paul O'Neill
Wayne A. Abernathy [ 11] 2003
2005
George W. Bush
John W. Snow
Emil Henry [ 12] 2005
2007
George W. Bush
John W. Snow , Henry Paulson
David Nason [ 12] March 2007
March 2009
George W. Bush
Henry Paulson
Michael Barr [ 13] May 2009
January 2011
Barack Obama
Timothy Geithner
Cyrus Amir-Mokri
November 1, 2011
November 1, 2014
Barack Obama
Timothy Geithner
Christopher Campbell
September 25, 2017
July 31, 2018
Donald Trump
Steven Mnuchin
Bimal Patel
June 27, 2019
July 1, 2020
Donald Trump
Steven Mnuchin
Graham Steele
December 3, 2021
January 19, 2024[ 14]
Joe Biden
Janet Yellen
Laurie Schaffer (acting)
January 19, 2024
January 20, 2025
Joe Biden
Janet Yellen
Steven Seitz (acting)
January 20, 2025
July 28, 2025
Donald Trump
Scott Bessent
Luke Pettit
July 28, 2025
Present
Donald Trump
Scott Bessent
See also
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 .^ "President Biden Announces Three Key Nominations" . The White House . 19 July 2021. Retrieved 7 November 2021 .^ Ellfeldt, Avery (2024-02-12). "E&E News: Exit interview: Ex-Treasury official dishes on climate, insurance risk" . POLITICO . Retrieved 2024-02-21 . ^ Nominations of Robert A. Gerard and Jerry Thomas . Retrieved December 6, 2022 .^ 31 U.S.C. ยง 301(e) ^ Treasury, Postal Service, and General Government Appropriations for Fiscal Year 1979 . Retrieved 2022-12-06 .^ "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 .{{cite web }}: 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 [dead link ^ Profile from WhoRunsGov Archived July 3, 2011, at the Wayback Machine ^ https://www.politico.com/newsletters/morning-money/2024/01/11/why-todays-inflation-news-matters-00134951
