Under Secretary of the Treasury for Domestic Finance

Last updated
Under Secretary of the Treasury for Domestic Finance
Flag of the United States Under Secretary of the Treasury.svg
Flag of an Under Secretary of the Treasury
Incumbent
Brian Smith (Acting)
since January 20, 2025
Department of the Treasury
Style The Honorable
Reports to Secretary of the Treasury
Deputy Secretary of the Treasury
Nominator President of the United States
Salary$183,300 (2021)
Website Official website

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. [1] The under secretary leads the department's policy on the issues of domestic finance, fiscal policy, fiscal operations, government assets, government liabilities, and other related economic and fiscal matters. [2]

Contents

Under Secretary Mary J. Miller announced she was stepping down from the position on June 12, 2014, and the position was officially vacant until July 2021. [3] [4]

Matthew Rutherford served as acting Under Secretary until January 30, 2015. [5] President Barack Obama nominated Antonio Weiss for the position on November 13, 2014. [6] Weiss was never confirmed by the Senate, and withdrew his nomination on January 12, 2015. [7] On April 22, 2021 President Joe Biden nominated economist Nellie Liang for Senate confirmation in the position. [8] Liang was confirmed by the Senate on July 14, 2021. [4]

Overview

The under secretary has oversight of the following: [1]

List of Under Secretaries of the Treasury for Domestic Finance (Incomplete)

NameAssumed officeLeft office President appointed by Secretary served under
George D. Gould [9] 19851988 Ronald Reagan James Baker
Robert R. Glauber [10] 19891992 George H. W. Bush Nicholas F. Brady
Jerome Powell April 7, 1992January 20, 1993
Frank N. Newman [11] November 5, 1993 [12] September 28, 1994 Bill Clinton Lloyd Bentsen
John D. Hawke, Jr. [13] April 1995December 8, 1998 Robert Rubin
Gary Gensler [14] April 1999January 20, 2001 Lawrence Summers

Peter R. Fisher [15]
​		20012004 George W. Bush Paul O'Neill
John W. Snow
Brian C. Roseboro [16] 20042005
Randal Quarles [17] August 8, 2005October 13, 2006
Henry Paulson
Robert K. Steel [18] October 10, 2006July 9, 2008
Anthony Ryan (Acting) [18] July 9, 20082009
Michael Barr (Acting) [18] May 2009March 27, 2010 Barack Obama Timothy Geithner
Jeffrey A. Goldstein [18] March 27, 2010August 2011
Mary J. Miller [18] March 2012September 2014
Matthew S. Rutherford (Acting)September 2014February 2015 Jack Lew
Nellie Liang July 22, 2021January 20, 2025 Joe Biden Janet Yellen
Brian Smith (Acting)January 20, 2025Incumbent Donald Trump

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References

  1. 1 2 ""U.S. Treasury - Duties & Functions of the Under Secretary of Domestic Finance"". Archived from the original on February 15, 2006. Retrieved September 9, 2006.
  2. ↑ ""U.S. Treasury - Biography of Robert Steel, Under Secretary for Domestic Finance"". Archived from the original on October 10, 2006. Retrieved September 9, 2006.
  3. ↑ Solomon, Deborah (12 June 2014). "Treasury's Mary Miller to Step Down". Wall Street Journal.
  4. 1 2 Davidson, Kate (15 July 2021). "Senate Confirms Nellie Liang to Top Treasury Post for Managing U.S. Debt". Wall Street Journal.
  5. ↑ "Treasury official among those eyed for regional U.S. Fed openings". February 2015.
  6. ↑ Barrett, Claer (13 November 2014). "Lazard's Antonio Weiss set to join US Treasury" . Financial Times. Archived from the original on 2022-12-11.
  7. ↑ "Warren wins on Weiss nomination".
  8. ↑ "Nominations Sent to the Senate". The White House. 22 April 2021. Retrieved 4 July 2021.
  9. ↑ Gilpin, Kenneth N.; Purdum, Todd S. (1985-06-05). "BUSINESS PEOPLE; TREASURY POST SEEN FOR WALL ST. BANKER". The New York Times. ISSN   0362-4331 . Retrieved 2023-07-18.
  10. ↑ "Annual Robert Glauber Lecture".
  11. ↑ NNDB Profile
  12. ↑ "PN121 — Frank N. Newman — Department of the Treasury". www.congress.gov. 11 May 1993. Retrieved October 24, 2021.
  13. ↑ ""d22my7"". Archived from the original on November 19, 2004. Retrieved September 21, 2007.
  14. ↑ ""PRESIDENT CLINTON NAMES GARY GENSLER AS UNDER SECRETARY FOR DOMESTIC FINANCE AT THE DEPARTMENT OF THE TREASURY"" . Retrieved September 21, 2007.
  15. ↑ ""Nasdaq MarketSite Event - Peter R. Fisher, Under Secretary for Domestic Finance - 03/13/2003"" . Retrieved September 21, 2007.
  16. ↑ ""U.S. Treasury - Biography of Brian C. Roseboro, Under Secretary for Domestic Finance"". Archived from the original on December 30, 2004. Retrieved September 21, 2007.
  17. ↑ ""U.S. Treasury - Biography of Randal K. Quarles, Under Secretary for Domestic Finance"". Archived from the original on September 17, 2006. Retrieved September 9, 2006.
  18. 1 2 3 4 5 Office Profile from PrunesOnline
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