The Deputy Under Secretary / Designated Assistant Secretary of the Treasury for International Finance is a senior position within the United States Department of the Treasury responsible for advising the Secretary of the Treasury on matters of international finance and economic coordination, and overseeing U.S. participation in international financial institutions.[2] The Assistant Secretary is appointed by the President and confirmed by the Senate. The office is currently held by Brent Neiman.
| Assistant Secretary of the Treasury for International Finance and Development | |
|---|---|
 Flag of an Assistant Secretary of the Treasury | |
 | |
| Department of the Treasury | |
| Style | The Honorable |
| Reports to | Under Secretary of the Treasury for International Affairs |
| Nominator | President of the United States |
| Formation | 1977 |
| Salary | $155,500 (2010)[1] |
| Website | Official website |
Overview
editThe Assistant Secretary is in charge of the Office of International Finance and Development, one of two principal components of the Office of International Affairs within the U.S. Department of the Treasury. He or she oversees seven deputies each with their own Deputy Assistant Secretary, over a dozen offices, and more than 100 personnel.[3] Occupants also hold the rank of Deputy Under Secretary / Designated Assistant Secretary.[4]
Structure
editThe Deputy Under Secretary / Designated Assistant Secretary reports to the Under Secretary for International Finance and oversees work by the following senior officials:
- Deputy Assistant Secretary for International Monetary Policy
- Deputy Assistant Secretary for International Debt and Development
- Deputy Assistant Secretary for International Economic Analysis
- Deputy Assistant Secretary for Technical Assistance
- Deputy Assistant Secretary for Africa and the Middle East
- Deputy Assistant Secretary for Asia
- Deputy Assistant Secretary for Europe and Eurasia
- Deputy Assistant Secretary for the Western Hemisphere
Duties
editThe Assistant Secretary leads the development and implementation of policies in the areas of international finance, economic development, bilateral and regional economic engagement, and international debt. The Assistant Secretary also oversees G-7 and G-20 coordination, currency policy, and serves as an economic emissary to foreign governments. It also leads the development of policies on U.S. participation in the International Monetary Fund, the World Bank, and the other multilateral development banks (including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development).[5]
List of Assistant Secretaries for International Finance, 1977—present
edit| Name | Assumed office | Left office | President served under |
|---|---|---|---|
| C. Fred Bergsten | 1977 | 1981 | Jimmy Carter |
| Marc E. Leland | 1981 | 1984 | Ronald Reagan |
| David C. Mulford | 1984 | 1987 | Ronald Reagan |
| Hollis S. McLoughlin | 1987 | 1989 | Ronald Reagan and George H. W. Bush |
| Charles H. Dallara | 1989 | 1991 | George H. W. Bush |
| Olin L. Wethington | 1991 | 1993 | George H. W. Bush |
| Jeffrey Richard Shafer | 1993 | 1995 | Bill Clinton |
| David A. Lipton | 1995 | 1997 | Bill Clinton |
| Timothy Geithner | 1997 | 1999 | Bill Clinton |
| Edwin M. Truman | 1999 | 2001 | Bill Clinton |
| Randal Quarles | April 2001 | August 8, 2005 | George W. Bush |
| Clay Lowery | 2005 | 2009 | George W. Bush |
| Charles Collyns | 2010 | 2013 | Barack Obama |
| Ramin Toloui | 2014 | 2017 | Barack Obama |
| Geoffrey Okamoto (acting) | July 2018 | March 19, 2020 | Donald Trump |
| Brent Neiman | March 15, 2023 | Incumbent | Joe Biden |
See also
editReferences
edit- ^ "David Samuel Cohen". Search Federal Pay. Feds Data Center. Retrieved 29 April 2016.
- ^ "International Affairs". www.treasury.gov. Retrieved 2018-07-27.
- ^ "Presidential Transition: Deputy Under Secretary / Designated Assistant Secretary for International Finance".
- ^ "31 U.S. Code § 301 - Department of the Treasury". LII / Legal Information Institute. Retrieved 2018-07-27.
- ^ "Ramin Toloui Confirmed as Treasury Assistant Secretary for International Finance". www.treasury.gov. Retrieved 2018-07-27.