# Under Secretary of the Treasury for Domestic Finance

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. 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.
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.
Matthew Rutherford served as acting Under Secretary until January 30, 2015. President Barack Obama nominated Antonio Weiss for the position on November 13, 2014. Weiss was never confirmed by the Senate, and withdrew his nomination on January 12, 2015. On April 22, 2021 President Joe Biden nominated economist Nellie Liang for Senate confirmation in the position. Liang was confirmed by the Senate on July 14, 2021.

## Overview

The under secretary has oversight of the following:
* Assistant Secretary of the Treasury for Financial Institutions
** Office of Financial Institutions
*** Office of Financial Institutions Policy
*** Office of Consumer Policy
*** Office of Housing, Small Business, and Community Development
**** Community Development Financial Institutions Fund
* Assistant Secretary of the Treasury for Financial Markets
** Office of Financial Markets
*** Office of Federal Finance
*** Office of Government Financial Policy
*** Office of Capital Markets
* Assistant Secretary of the Treasury for Financial Stability
** Office of Financial Stability
* Fiscal Assistant Secretary of the Treasury
** Office of Fiscal Service
*** Office of Fiscal Operations and Policy
*** Office of Accounting Policy
*** Bureau of the Fiscal Service

## 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 | 1985 | 1988 | Ronald Reagan | James Baker |
| Robert R. Glauber | 1989 | 1992 | George H. W. Bush | Nicholas F. Brady |
| Jerome Powell | April 7, 1992 | January 20, 1993 |
| Frank N. Newman | November 5, 1993 | September 28, 1994 | Bill Clinton | Lloyd Bentsen |
| John D. Hawke, Jr. | April 1995 | December 8, 1998 | Bill Clinton | Robert Rubin |
| Gary Gensler | April 1999 | January 20, 2001 | Bill Clinton | Lawrence Summers |
| Peter R. Fisher ​ | 2001 | 2004 | George W. Bush | Paul O'Neill |
| Peter R. Fisher ​ | 2001 | 2004 | George W. Bush | John W. Snow |
| Brian C. Roseboro | 2004 | 2005 | George W. Bush | John W. Snow |
| Randal Quarles | August 8, 2005 | October 13, 2006 | George W. Bush | John W. Snow |
| Randal Quarles | August 8, 2005 | October 13, 2006 | George W. Bush | Henry Paulson |
| Robert K. Steel | October 10, 2006 | July 9, 2008 | George W. Bush | Henry Paulson |
| Anthony Ryan (Acting) | July 9, 2008 | 2009 | George W. Bush | Henry Paulson |
| Michael Barr (Acting) | May 2009 | March 27, 2010 | Barack Obama | Timothy Geithner |
| Jeffrey A. Goldstein | March 27, 2010 | August 2011 | Barack Obama | Timothy Geithner |
| Mary J. Miller | March 2012 | September 2014 | Barack Obama | Timothy Geithner |
| Matthew S. Rutherford (Acting) | September 2014 | February 2015 | Barack Obama | Jack Lew |
| Nellie Liang | July 22, 2021 | January 20, 2025 | Joe Biden | Janet Yellen |
| Brian Smith (Acting) | January 20, 2025 | Incumbent | Donald Trump | |