Assistant Secretary of the Treasury for Financial Institutions

The assistant secretary of the treasury for financial institutions is an official in the United States Department of the Treasury who is the head of the Office of Financial Institutions (OFI). The office "helps formulate policy on financial institutions and government-sponsored enterprises, cybersecurity and critical infrastructure protection."

The post is currently held by Luke Pettit, who was nominated to the position by President Donald Trump on February 11, 2025.

History The office was formed in 1976 by Secretary of the Treasury William E. Simon as the Assistant Secretary for Capital Markets and Debt Management.

According to U.S. statute, there are ten assistant secretaries of the treasury appointed by the president of the United States with the advice and consent of the United States Senate.31 U.S.C. § 301(e) The assistant secretary of the treasury for financial institutions reports to the under secretary of the treasury for domestic finance, who in turn reports to the secretary of the treasury and the deputy secretary of the treasury.

List of assistant secretaries of the treasury for financial institutions

NameAssumed officeLeft officePresident appointed bySecretary served underRobert A. Gerard19761977Gerald FordWilliam E. SimonRoger C. AltmanJune 13, 19771981Jimmy CarterRoger William Mehle, Jr.19811983Ronald ReaganThomas J. Healey19831985Ronald ReaganCharles O. Sethness19851989Ronald ReaganDavid W. Mullins, Jr.19891990George H. W. BushJerome H. Powell1990April 7, 1992George H. W. BushJohn Cunningham Dugan19921993George H. W. BushRichard S. Carnell19931999Bill ClintonLloyd Bentsen, Robert RubinGregory Baer1999January 20, 2001Bill ClintonRobert Rubin, Larry SummersSheila BairJim Puzzanghera "FDIC Chief in Tune with Democrats", Los Angeles Times, Nov. 18, 2008July 2001June 2002George W. BushPaul O'NeillWayne A. AbernathyProfile from the Washington Association of Money Managers20032005George W. BushJohn W. SnowEmil HenryProfile from BusinessWeek20052007George W. BushJohn W. Snow, Henry PaulsonDavid NasonMarch 2007March 2009George W. BushHenry PaulsonMichael BarrProfile from WhoRunsGov May 2009January 2011Barack ObamaTimothy GeithnerCyrus Amir-MokriNovember 1, 2011November 1, 2014Barack ObamaTimothy GeithnerChristopher CampbellSeptember 25, 2017July 31, 2018Donald TrumpSteven MnuchinBimal PatelJune 27, 2019July 1, 2020Donald TrumpSteven MnuchinGraham SteeleDecember 3, 2021January 19, 2024https://www.politico.com/newsletters/morning-money/2024/01/11/why-todays-inflation-news-matters-00134951Joe BidenJanet YellenLaurie Schaffer (acting)January 19, 2024January 20, 2025Joe BidenJanet YellenSteven Seitz (acting)January 20, 2025July 28, 2025Donald TrumpScott BessentLuke PettitJuly 28, 2025PresentDonald TrumpScott Bessent

See also Assistant Secretary of the Treasury

References