Assistant Secretary of the Treasury for Financial Stability

Office of Financial StabilityAssistant Secretary for Financial StabilityFinancial StabilityOFS
The Assistant Secretary of the Treasury for Financial Stability is the head of the Office of Financial Stability in the United States Department of the Treasury.wikipedia
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Troubled Asset Relief Program

Troubled Assets Relief ProgramTARPTARP funds
The position was created in 2008 by the Emergency Economic Stabilization Act of 2008, the act that created the Office of Financial Stability to administer the Troubled Asset Relief Program.
The authority of the United States Department of the Treasury to establish and manage TARP under a newly created Office of Financial Stability became law October 3, 2008, the result of an initial proposal that ultimately was passed by Congress as H.R. 1424, enacting the Emergency Economic Stabilization Act of 2008 and several other acts.

Neel Kashkari

KashkariKashkari, NeelNeil Kashkari
As interim Assistant Secretary of the Treasury for Financial Stability from October 2008 to May 2009, he oversaw the Troubled Asset Relief Program (TARP) that was a major component of the U.S. government's response to the financial crisis of 2007–08.

United States Department of the Treasury

Treasury DepartmentU.S. Treasury DepartmentU.S. Treasury
The Assistant Secretary of the Treasury for Financial Stability is the head of the Office of Financial Stability in the United States Department of the Treasury.

Herbert M. Allison

Herb AllisonAllison, HerbertHerbert Allison, Jr.
Herbert Monroe Allison, Jr. (August 2, 1943 – July 14, 2013) was an American businessman who oversaw the Troubled Asset Relief Program (TARP) as Assistant Secretary of the Treasury for Financial Stability from 2009 to 2010.

Timothy Massad

Timothy G. Massad
He had previously been Assistant Secretary for Financial Stability at the United States Department of the Treasury, where he oversaw the Troubled Asset Relief Program (TARP) created by the U.S. government in response to the financial crisis of 2007–08.

Emergency Economic Stabilization Act of 2008

Emergency Economic Stabilization ActWall Street bailoutPaulson financial rescue plan
The position was created in 2008 by the Emergency Economic Stabilization Act of 2008, the act that created the Office of Financial Stability to administer the Troubled Asset Relief Program.

President of the United States

PresidentU.S. PresidentUnited States President
By law, the Assistant Secretary of the Treasury for Financial Stability is appointed by the President of the United States with the advice and consent of the United States Senate.

Advice and consent

confirmedSenate confirmationconfirmation
By law, the Assistant Secretary of the Treasury for Financial Stability is appointed by the President of the United States with the advice and consent of the United States Senate.

United States Senate

U.S. SenatorUnited States SenatorU.S. Senate
By law, the Assistant Secretary of the Treasury for Financial Stability is appointed by the President of the United States with the advice and consent of the United States Senate.

United States Secretary of the Treasury

Secretary of the TreasuryTreasury SecretaryU.S. Secretary of the Treasury
During a vacancy, the United States Secretary of the Treasury is authorized to appoint an Acting Assistant Secretary of the Treasury for Financial Stability.

Henry Paulson

Matthew Pendo

Mathew Pendo is an investment banker, having worked for Merrill Lynch and Barclays before taking a position as Chief Investment Officer of the Office of Financial Stability of the United States Treasury in 2011.

Nellie Liang

She previously worked at the Federal Reserve as a research economist and directed the Office of Financial Stability.

United States Assistant Secretary of the Treasury

Assistant Secretary of the TreasuryAssistant Secretary for Financial InstitutionsAssistant Secretaries of the Treasury
Furthermore The Emergency Economic Stabilization Act of 2008 specified that one Assistant Secretary take on a specific role: Assistant Secretary of the Treasury for Financial Stability.

Oversight of the Troubled Asset Relief Program

Congressional Oversight PanelFinancial Stability Oversight Boardadditional powers
As no assets had yet been purchased, (OFS instead chose to provide $250 billion to banks through the Capital Purchase Program) it is not clear whether the requirement to report after 30 days from "first asset purchase" has been violated.