Office of Financial Stability
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "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.¹

OFS is headed by an Assistant Secretary of the Treasury, appointed by the President, confirmed by the Senate, except that an interim Assistant Secretary may be appointed by the Secretary. ²

On October 6, 2008, it was announced that Neel Kashkari, a former executive at Goldman Sachs, would be the interim head of the Office of Financial Stability.³

Staff

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.⁴

• 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.⁵

References

v • d • e Agencies under the United States Department of the Treasury Secretary of the Treasury Deputy Secretary of the Treasury Alcohol and Tobacco Tax and Trade Bureau · Community Development Financial Institution Fund · Treasury Inspector General for Tax Administration · Internal Revenue Service · Office of the Comptroller of the Currency · Office of Thrift Supervision · Office of Tax Policy Under Secretary of the Treasury for International Affairs Office 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 Domestic Finance Office of Financial Institutions · Office of Financial Markets · Office of Fiscal Service · Bureau of the Public Debt  · Financial Management Service  · Office of Financial Stability Under Secretary of the Treasury for Terrorism and Financial Intelligence Office of Terrorism and Financial Intelligence · Office of Terrorist Financing and Financial Crimes · Office of Intelligence and Analysis · Office of Foreign Assets Control · Financial Crimes Enforcement Network · Treasury Executive Office for Asset Forfeiture Treasurer of the United States Bureau of Engraving and Printing • United States Mint

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