Mission

The Office of Domestic Finance, headed by the Under Secretary, advises and assists the Secretary and Deputy Secretary on the domestic financial system, fiscal policy and operations, governmental assets and liabilities, and related economic and financial matters.

Key Initiatives

Contents

Speeches and Testimony

Office of Financial Institutions
This office helps formulate policy on financial institutions and government-sponsored enterprises, oversight of Sallie Mae, critical infrastructure protection and compliance policy, and financial education. The office also oversees the Terrorism Risk Insurance Program and the Community Development Financial Institutions Fund. The Assistant Secretary for Financial Institutions leads this office.

Office of Financial Markets
This office helps formulate policy on Federal debt management, State and local finance, financial market oversight and regulation , Federal credit and privatization. This office also oversees deterrence of U.S. currency counterfeiters and the Federal Financing Bank, and assumes operational oversight for the Air Transportation Stabilization Board and the President’s Commission on the U.S. Postal Service. The Assistant Secretary for Financial Markets leads this office.

Office of Fiscal Service
This office helps formulate policy and develop systems for the collection, disbursement, management and security of public monies in the United States and abroad, and related government-wide accounting and reporting for those funds. Programs of interest in the Fiscal Service are cash and debt management and forecasting, accounting policy , Financial Management Services (the government's financial manager), and the Bureau of the Public Debt (debt operations, including savings bonds). The Fiscal Assistant Secretary leads this office.

Organization

Resources