Wayne A. Abernathy

Last updated April 28, 2019

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.

The United States of America (USA), commonly known as the United States or America, is a country comprising 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico. The State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world's 17 megadiverse countries.

Economist professional in the social science discipline of economics

An economist is a practitioner in the social science discipline of economics.

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. In June 2017, President Donald Trump nominated Christopher Campbell to the position. He was confirmed by the U.S. Senate on August 3, 2017.

Biography

Wayne A. Abernathy was educated at the Johns Hopkins University, receiving a bachelor's degree in International Studies in 1978, and a master's degree in International Studies in 1980.^[1]

Johns Hopkins University is a private research university in Baltimore, Maryland. Founded in 1876, the university was named for its first benefactor, the American entrepreneur, abolitionist, and philanthropist Johns Hopkins. His $7 million bequest —of which half financed the establishment of Johns Hopkins Hospital—was the largest philanthropic gift in the history of the United States up to that time. Daniel Coit Gilman, who was inaugurated as the institution's first president on February 22, 1876, led the university to revolutionize higher education in the U.S. by integrating teaching and research. Adopting the concept of a graduate school from Germany's ancient Heidelberg University, Johns Hopkins University is considered the first research university in the United States. Over the course of several decades, the university has led all U.S. universities in annual research and development expenditures. In fiscal year 2016, Johns Hopkins spent nearly $2.5 billion on research.

A bachelor's degree or baccalaureate is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years. In some institutions and educational systems, some bachelor's degrees can only be taken as graduate or postgraduate degrees after a first degree has been completed. In countries with qualifications frameworks, bachelor's degrees are normally one of the major levels in the framework, although some qualifications titled bachelor's degrees may be at other levels and some qualifications with non-bachelor's titles may be classified as bachelor's degrees.

A master's degree is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice. A master's degree normally requires previous study at the bachelor's level, either as a separate degree or as part of an integrated course. Within the area studied, master's graduates are expected to possess advanced knowledge of a specialized body of theoretical and applied topics; high order skills in analysis, critical evaluation, or professional application; and the ability to solve complex problems and think rigorously and independently.

From 1981 to 1986, Abernathy worked as an economist with the United States Senate Committee on Banking, Housing, and Urban Affairs's Subcommittee on International Finance & Monetary Policy.^[1] From 1987 to 1989, he was a senior legislative assistant of Sen. Phil Gramm (R–Tex.).^[1] He was economist for the Senate Committee on Banking, Housing, and Urban Affairs from 1989 to 1994.^[1] From 1995 to 1998, he was the Staff Director of the Committee's Subcommittee on Securities.^[1] He then served as the full Committee's Staff Director from 1999 to 2002.^[1]

The United States Senate Committee on Banking, Housing, and Urban Affairs has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit and government contracts.

Phil Gramm American economist and politician

William Philip Gramm is an American economist and politician who represented Texas in both houses of Congress. Though he began his political career as a Democrat, Gramm switched to the Republican Party in 1983. In Congress, Gramm sponsored major acts of financial deregulation.

The Republican Party, also referred to as the GOP, is one of the two major political parties in the United States; the other is its historic rival, the Democratic Party.

In 2002, President of the United States George W. Bush nominated Abernathy to be Assistant Secretary of the Treasury for Financial Institutions and Abernathy subsequently held this office until 2005.^[1]

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 Armed Forces.

George W. Bush 43rd president of the United States

George Walker Bush is an American politician and businessman who served as the 43rd president of the United States from 2001 to 2009. He had previously served as the 46th governor of Texas from 1995 to 2000.

Upon leaving government service in 2005, Abernathy joined the American Bankers Association as Executive Vice President for Financial Institutions Policy and Regulatory Affairs.^[1]

American Bankers Association organization

The American Bankers Association (ABA) is a Washington, D.C.-based trade association for the U.S. banking industry. Founded in 1875, ABA represents banks of all sizes and charters, including community banks, regional and money center banks, savings associations, mutual savings banks, and trust companies, with the average member bank having approximately $250 million in assets.

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References

1 2 3 4 5 6 7 8 Profile from Washington Association of Money Managers

Government offices
Preceded by Sheila Bair	Assistant Secretary of the Treasury for Financial Institutions 2003 — 2005	Succeeded by Emil Henry

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[wammdc-1] 1 2 3 4 5 6 7 8 Profile from Washington Association of Money Managers