Assistant Secretary of the Treasury for International Finance and Development

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 occupied on an acting basis by Geoffrey Okamoto.

Assistant Secretary of the Treasury for International Finance and Development
Incumbent
Geoffrey Okamoto (Acting)
since 2018
U.S. Department of the Treasury
StyleThe Honorable
Reports toUnder Secretary of the Treasury for International Affairs
AppointerPresident of the United States
Formation1977
Salary$155,500 (2010)[1]

Overview

The 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

The 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

The 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
Name Assumed office Left office President served under
C. Fred Bergsten 1977 1981 Jimmy Carter
Marc E. Leland 1981 1984 Ronald Reagan
David Campbell 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 F. Geithner 1997 1999 Bill Clinton
Edwin M. Truman 1999 2001 Bill Clinton
Randall Quarles 2001 2005 George W. Bush
Clay Lowery 2005 2009 George W. Bush
Charles Collyns 2010 2013 Barack Obama
Ramin Toloui 2014 2017 Barack Obama
Geoffrey W. S. Okamoto 2017 Donald Trump

References
  1. "David Samuel Cohen". Search Federal Pay. Feds Data Center. Retrieved 29 April 2016.
  2. "International Affairs". www.treasury.gov. Retrieved 2018-07-27.
  3. "Presidential Transition: Deputy Under Secretary / Designated Assistant Secretary for International Finance".
  4. "31 U.S. Code § 301 - Department of the Treasury". LII / Legal Information Institute. Retrieved 2018-07-27.
  5. "Ramin Toloui Confirmed as Treasury Assistant Secretary for International Finance". www.treasury.gov. Retrieved 2018-07-27.
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