Ken Carfine was appointed Fiscal Assistant Secretary, a career position, on March 15, 2007.
In this position, Mr. Carfine provides policy oversight over the two Fiscal Service Bureaus -- the Financial Management Service and the Bureau of the Public Debt. This office also serves as the Treasury’s liaison with the Federal Reserve System in its role as the government’s fiscal agent. The scope of his responsibilities includes managing the government’s cash flow, improving government financial management, executing the government’s financing activities and overseeing the operation of government-wide financial accounting and reporting systems, including the preparation of the Consolidated Financial Statements of the United States. In addition, Mr. Carfine is a statutory member of the Government-wide CFO Council, and represents the Secretary on the Trust Fund Boards for the National Archives and Library of Congress.
Previously, Mr. Carfine was the Deputy Assistant Secretary for Fiscal Operations and Policy, a position to which he was appointed in April 2003. In that position, he advised and assisted the Fiscal Assistant Secretary on a broad range of policy and operational matters related to the fiscal activities of the Treasury, and oversaw the development and implementation of policies relating to the government’s cash and investment management, debt financing, trust fund investment and administration, payments, collections and debt collection. He also worked closely with the Financial Management Service, the Bureau of the Public Debt, and the Federal Reserve System in the execution of his duties.
Mr. Carfine began his Treasury career in 1973 with the Financial Management Service, holding positions of increasing responsibility in areas of banking, cash management, payments, check claims, and government-wide accounting.
Mr. Carfine graduated from the University of Baltimore with a B.S. degree in Accounting. He and his wife, Deborah, have two sons and one granddaughter and live in Maryland.
Kenneth E. Carfine 