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Under Secretary of the Treasury for Domestic Finance
Flag of an Under Secretary of the Treasury
Incumbent
Nellie Liang
since July 22, 2021 [1]
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. [2] 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. [3]

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. [4] [1]

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. [1]

Overview

The under secretary has oversight of the following:

[2]

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

Name Assumed office Left office President appointed by Secretary served under
George D. Gould [9] 1985 1988 Ronald Reagan James Baker
Robert R. Glauber [10] 1989 1992 George H. W. Bush Nicholas F. Brady
Jerome Powell April 7, 1992 January 20, 1993
Frank N. Newman [11] November 5, 1993 [12] September 28, 1994 Bill Clinton Lloyd Bentsen
John D. Hawke, Jr. [13] April 1995 December 8, 1998 Robert Rubin
Gary Gensler [14] April 1999 January 20, 2001 Lawrence Summers

Peter R. Fisher [15]
​ 		2001 2004 George W. Bush Paul O'Neill
John W. Snow
Brian C. Roseboro [16] 2004 2005
Randal Quarles [17] August 8, 2005 October 13, 2006
Henry Paulson
Robert K. Steel [18] October 10, 2006 July 9, 2008
Anthony Ryan (Acting) [18] July 9, 2008 2009
Michael Barr (Acting) [18] May 2009 March 27, 2010 Barack Obama Timothy Geithner
Jeffrey A. Goldstein [18] March 27, 2010 August 2011
Mary J. Miller [18] March 2012 September 2014
Matthew S. Rutherford (Acting) September 2014 February 2015 Jack Lew
Nellie Liang July 22, 2021 Incumbent Joe Biden Janet Yellen

References

  1. ^ a b c Davidson, Kate (15 July 2021). "Senate Confirms Nellie Liang to Top Treasury Post for Managing U.S. Debt". Wall Street Journal.
  2. ^ a b ""U.S. Treasury - Duties & Functions of the Under Secretary of Domestic Finance"". Archived from the original on February 15, 2006. Retrieved September 9, 2006.
  3. ^ ""U.S. Treasury - Biography of Robert Steel, Under Secretary for Domestic Finance"". Archived from the original on October 10, 2006. Retrieved September 9, 2006.
  4. ^ Solomon, Deborah (12 June 2014). "Treasury's Mary Miller to Step Down". 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. ^ a b c d e Office Profile from PrunesOnline
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