OFS meaning in Business ?

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What is Office of Financial Stability mean?

The Assistant Secretary of the Treasury for Financial Stability was the head of the Office of Financial Stability in the United States Department of the Treasury.

The position was created in 2008 by the Emergency Economic Stabilization Act of 2008, the act that created the Office of Financial Stability to administer the Troubled Asset Relief Program.

By law, the Assistant Secretary of the Treasury for Financial Stability is appointed by the President of the United States with the advice and consent of the United States Senate. During a vacancy, the United States Secretary of the Treasury is authorized to appoint an Acting Assistant Secretary of the Treasury for Financial Stability.

The position was abolished after Timothy Massad.

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Posted on 24 Dec 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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