The Office of Domestic Finance is one of 10 departmental policy offices in the Department of the Treasury and includes roughly 500 employees. It has five subordinate organizations. Four are headed by assistant secretaries and one by the director of the Office of Financial Research, who also serves as a member of the Financial Stability Oversight Council. The undersecretary oversees and manages the Financial Stability Oversight Council.3
• Advises and assists the secretary and deputy secretary of the treasury on: the domestic financial system; fiscal policy and operations; governmental assets and liabilities; and related economic and financial matters
• Oversees specific programs that fall into five principal areas:
• Financial Institutions: Includes activities involving government-sponsored enterprises, critical infrastructure protection and compliance policy, and financial education and consumer protection, as well as the Small Business and Affordable Housing Program and the Community Development Financial Institutions Fund
• Financial Markets: Includes Federal Finance, Government Financial Policy and Capital Markets
• Financial Stability: Includes wind-down of the Troubled Asset Relief Program to provide stability to the financial system and prevent avoidable foreclosures
• Fiscal Secretary: Includes 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
• Office of Financial Research: Promotes financial stability by delivering high-quality financial data, standards and analysis for the Financial Stability Oversight Council and public4