- Office of Financial Stability
The Office of Financial Stability is a new office within the Office of Domestic Finance of the United States Treasury created by the Emergency Economic Stabilization Act of 2008 to operate the Troubled Assets Relief Program.
OFS is headed by an Assistant Secretary of the Treasury for Financial Stability, appointed by the President, confirmed by the United States Senate, except that an interim Assistant Secretary may be appointed by the Secretary. 
As of April 14, 2009 it has been rumored that Herbert M. Allison, the current chief executive at Fannie Mae, will be selected to head the Office of Financial Stability. The announcement reportedly hasn't been made because of the high number of vacancies at Fannie Mae and Freddie Mac.
Initial staff members were announced on October 13, 2008, CIO position revised October 22, 2008:
- James H. Lambright, interim chief investment officer. On loan from the Export-Import Bank. State Department Under Secretary Reuben Jeffery was originally selected for the position.
- Howard Schweitzer, interim chief operating officer. Previously General Counsel at Export-Import Bank.
- Jonathan Fiechter, interim chief risk officer. Previously deputy director of the International Monetary Fund's monetary and capital markets director.
- Donald Hammond, interim chief compliance officer. Previously deputy director of the Federal Reserve payments division.
- Thomas Bloom, interim chief financial officer. On loan from the Office of the Comptroller of the Currency.
- Donna Gambrell will "lead the program's efforts to preserve homeownership". Previously, head of the Treasury's Community Development Financial Institutions Fund.
- ^ Summary of the Emergency Economic Stabilization Act of 2008 United States Senate Committee on Banking, Housing and Urban Affairs. (Retrieved October 2, 2008)
- ^ Complete text of the Emergency Economic Stabilization Act of 2008 (Retrieved October 9, 2008
- ^ Jeanne Sahadi (October 6, 2008). "Paulson taps bailout chief". CNN. http://money.cnn.com/2008/10/06/news/economy/treasury_hiring_guidelines/index.htm.
- ^ Zachary A. Goldfarb (April 14, 2009). "Treasury Plans to Tap Fannie Mae Chief to Run Bailout". Washington Post. http://www.washingtonpost.com/wp-dyn/content/article/2009/04/13/AR2009041303257.html?hpid=topnews.
- ^ Stephen Labaton (April 14, 2009). "Candidate for Bailout Post Faces Possible Delay". New York Times. http://www.nytimes.com/2009/04/15/business/15allison.html?ref=politics.
- ^ Stephen Labaton (April 14, 2009). "Offices Go Vacant at Fannie and Freddie". New York Times. http://www.nytimes.com/2009/04/15/business/economy/15fannie.html?ref=business.
- ^ The Deal (October 22, 2008). "Treasury taps Ex-Im's Lambright for TARP position". New York: The Deal. http://www.thedeal.com/dealscape/2008/10/treasury_taps_exims_lambert_fo.php.
- ^ Christie, Rebecca and Schmidt, Robert (October 13, 2008). "Treasury to Invest in `Healthy' Banks, Kashkari Says". New York: Bloomberg. http://www.bloomberg.com/apps/news?pid=20601103&sid=a635XsuB2s5k&refer=us.
- FinancialStability.gov - Official website
Agencies under the United States Department of the Treasury Deputy Secretary
of the Treasury
of the Treasury
for International AffairsOffice of East Asia · Office of South and Southeast Asia Nations · Office of Europe & Eurasia · Office of the Western Hemisphere · Office of International Monetary Policy · Office of Banking and Securities · Office of International Debt Policy · Office of Development Policy · Office of Financing Operations · Office of African Nations · Office of the Middle East & North Africa · Office of International Trade · Office of International Investment · Office of Trade Finance · Office of Technical Assistance · Office of Risk & Research Analysis · Exchange Stabilization Fund
Under Secretary of
the Treasury for
Under Secretary of
the Treasury for Terrorism
and Financial Intelligence
Treasurer of the United States
Wikimedia Foundation. 2010.
Look at other dictionaries:
Office of Financial Institutions — The Office of Financial Institutions (OFI) is an agency of the United States federal government in the United States Department of the Treasury. OFI coordinates the Department s efforts regarding financial institutions legislation and regulation … Wikipedia
Office of Financial Markets (U.S.) — The Office of Financial Markets is an agency of the United States federal government in the United States Department of the Treasury. OFM serves as the Department s advisor on broad matters of domestic finance, financial markets, Federal, State… … Wikipedia
Financial Stability Oversight Council — (FSOC) USA Created on July 21, 2010 under Title I (the Financial Stability Act of 2010) of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd Frank Act), the Financial Stability Oversight Council ( … Law dictionary
Office of Financial Research — (OFR) USA Created under the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd Frank Act), the Office of Financial Research (OFR) is a department within the US Department of the Tre … Law dictionary
Office of Financial Research — OFR redirects here. For other uses, see OFR (disambiguation). The Office of Financial Research (OFR) is an agency established by the Dodd Frank Wall Street Reform and Consumer Protection Act within the Treasury Department to improve the quality… … Wikipedia
Office of Thrift Supervision — Agency overview Formed August 9, 1989 Preceding agency Federal Home Loan Bank Board Dissolved … Wikipedia
Office of the Comptroller of the Currency — Agency … Wikipedia
Office of Terrorist Financing and Financial Crimes — The Office of Terrorist Finance and Financial Crimes (TFFC) is an agency of the United States federal government in the United States Department of the Treasury. Under the supervision of the Under Secretary for Terrorism and Financial… … Wikipedia
Office of Fiscal Service — The Office of Fiscal Service (OFS) is an agency of the United States federal government in the United States Department of the Treasury. The office is led by the Fiscal Assistant Secretary of the Treasury, currently Kenneth E. Carfine. Assistant… … Wikipedia
Office of Terrorism and Financial Intelligence — The Office of Terrorism and Financial Intelligence (TFI) is an agency of the United States Department of the Treasury. TFI marshals the department s intelligence and enforcement functions with the twin aims of safeguarding the financial system… … Wikipedia