Office of Financial Stability (historical)
E32908
The Office of Financial Stability (historical) was a U.S. Treasury Department office created to administer and oversee programs such as the Troubled Asset Relief Program (TARP) during the 2008 financial crisis.
Aliases (2)
- Office of Financial Stability ×2
- Office of Financial Stability (historically during financial crisis programs) ×1
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. Department of the Treasury office
→
United States federal government office → |
| appliesToJurisdiction |
United States
→
|
| country |
United States of America
→
|
| createdFor |
implementation of the Emergency Economic Stabilization Act of 2008
→
response to the 2008 financial crisis → |
| dissolved |
after substantial wind-down of TARP programs
→
|
| employerType |
public sector
→
|
| hasCharacteristic |
special-purpose entity within Treasury
→
temporary crisis-response office → |
| hasMainResponsibility |
administration of the Troubled Asset Relief Program
→
coordination of Treasury responses to systemic financial risk under TARP authorities → execution of capital purchase programs under TARP → implementation of financial stability programs during the 2008 financial crisis → management of TARP investments → monitoring of TARP recipients → oversight of the Troubled Asset Relief Program → |
| hasTemporalContext |
2008 financial crisis
→
Great Recession → |
| inception |
2008
→
|
| languageOfWork |
English
→
|
| legalBasis |
Emergency Economic Stabilization Act of 2008
→
Public Law 110-343 → |
| locatedIn |
Washington, D.C.
→
|
| manages |
TARP-related asset purchases and guarantees
→
|
| monitors |
use of TARP funds by participating institutions
→
|
| operatedUnder |
United States federal law
→
|
| oversightBy |
Congress of the United States
→
Congressional Oversight Panel → Government Accountability Office → Special Inspector General for the Troubled Asset Relief Program → |
| parentOrganization |
United States Department of the Treasury
→
|
| partOf |
United States Department of the Treasury
→
|
| programAdministered |
TARP Asset Guarantee Program
→
TARP Automotive Industry Financing Program → TARP Capital Assistance Program → TARP Capital Purchase Program → TARP Home Affordable Modification Program oversight role → TARP Public-Private Investment Program → Troubled Asset Relief Program → |
| purpose |
protection of U.S. taxpayers’ interests in TARP investments
→
restoration of market confidence during the 2008 crisis → stabilization of the U.S. financial system → |
| reportsTo |
Secretary of the Treasury
→
|
| sector |
banking
→
capital markets → financial regulation → |
| startTime |
2008
→
|
Referenced by (4)
| Subject (surface form when different) | Predicate |
|---|---|
|
Troubled Asset Relief Program
("Office of Financial Stability")
→
|
administeredBy |
|
Office of Domestic Finance
→
|
hasPart |
|
Automotive Industry Financing Program
("Office of Financial Stability")
→
|
implementedBy |
|
Under Secretary for Domestic Finance
("Office of Financial Stability (historically during financial crisis programs)")
→
|
oversees |