Under Secretary of the Treasury for International Affairs

The Under Secretary of the Treasury for International Affairs is a senior position within the United States Department of the Treasury responsible for advising the Secretary of the Treasury on international economic issues. The office is currently held by David Malpass.

Overview

The Under Secretary has oversight of the following:

Assistant Secretary of the Treasury for International Finance
- Asia
- Europe and Eurasia
- Western Hemisphere
- Middle East and Africa
- International Monetary and Financial Policy
Assistant Secretary of the Treasury for International Markets and Development
- Energy and Environment
- Trade and Investment
- Investment Security
- Technical Assistance and Afghanistan
- Development and Debt
International Financial Institution Representatives

Former Under Secretaries

The office of Under Secretary for International Affairs was vacant for nearly a year, following the November 2013 departure of Lael Brainard, who had been appointed by President Barack Obama in April 2010. On Wednesday, February 12, 2014, the White House Press Office announced that U.S. President Barack Obama had nominated D. Nathan Sheets, of Maryland, to the U.S. Senate for confirmation as her replacement.^[1] On September 18, 2014, Sheets was confirmed unanimously by the U.S. Senate for the position.^[2] Notable former Under Secretaries include David H. McCormick,^[3] Timothy D. Adams,^[4] John B. Taylor,^[5] Timothy F. Geithner,^[6] David Mulford, and Lawrence H. Summers.^[7]

Duties

The Under Secretary leads the development and implementation of policies in the areas of international finance, trade in financial services, investment, economic development, international debt. 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). The Under Secretary also coordinates financial market policy with the G7 industrial nations.^[3]

References

↑ http://www.whitehouse.gov/the-press-office/2014/02/12/presidential-nominations-sent-senate
↑ http://www.treasury.gov/press-center/press-releases/Pages/jl2640.aspx
1 2 "U.S. Treasury - Biography of David H. McCormick, Under Secretary for International Affairs". Archived from the original on November 7, 2007. Retrieved September 21, 2007.
↑ "U.S. Treasury - Biography of Timothy D. Adams, Under Secretary for International Affairs". Archived from the original on September 27, 2007. Retrieved September 21, 2007.
↑ "Policies in International Finance 2001-2005". Retrieved September 21, 2007.
↑ "Timothy F. Geithner, President of the New York Fed - Organization - About the Fed - Federal Reserve Bank of New York". Retrieved September 21, 2007.
↑ "History of the President's Office". Archived from the original on July 4, 2007. Retrieved September 21, 2007.

Agencies under the United States Department of the Treasury
Headquarters: Treasury Building Steven Mnuchin, Secretary of the Treasury Vacant, Deputy Secretary of the Treasury
Deputy Secretary of the Treasury	Alcohol and Tobacco Tax and Trade Bureau Community Development Financial Institutions Fund Treasury Inspector General for Tax Administration Office of the Comptroller of the Currency Office of Tax Policy
Under Secretary of the Treasury for International Affairs	Office of East Asia Office of South and Southeast Asia Nations Office of Europe & Eurasia Office of the Western Hemisphere Office of International Monetary Policy Office of Banking and Securities Office of International Debt Policy Office of Development Policy Office of Financing Operations Office of African Nations Office of the Middle East and North Africa Office of International Trade Office of International Investment Office of Trade Finance Office of Technical Assistance Office of Risk and Research Analysis Exchange Stabilization Fund
Under Secretary of the Treasury for Domestic Finance	Advanced Counterfeit Deterrence Federal Financing Bank Office of Debt Management Office of Financial Institutions Office of Financial Markets Office of Financial Stability Office of Fiscal Service Bureau of the Fiscal Service
Under Secretary of the Treasury for Terrorism and Financial Intelligence	Office of Terrorism and Financial Intelligence Office of Terrorist Financing and Financial Crimes Office of Intelligence and Analysis Office of Foreign Assets Control Financial Crimes Enforcement Network Treasury Executive Office for Asset Forfeiture
Treasurer of the United States	Bureau of Engraving and Printing United States Mint

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