FROM THE OFFICE OF PUBLIC AFFAIRS

Peter R. Fisher was sworn in today as Under Secretary of the U.S. Treasury for Domestic Finance by Treasury Secretary Paul O'Neill. He was confirmed by the U.S. Senate on August 3.

As Under Secretary, Fisher is the senior advisor to the Treasury Secretary and the Deputy Secretary on all aspects of domestic finance. His office is responsible for formulating policy and legislation in the areas of financial institutions, public debt management, capital markets, government financial management services, federal lending, fiscal affairs, government-sponsored enterprises, and community development. He also serves on the board of Securities Investor Protection Corporation and chairs the Advanced Counterfeit Deterrence Steering Committee.

Prior to joining the Treasury Department, Fisher was executive vice president of the Federal Reserve Bank of New York, and manager of the System Open Market Account for the Federal Open Market Committee, overseeing all domestic open market and foreign exchange operations and the provision of account services to foreign central banks.

Fisher earned a J.D. degree from Harvard Law School in 1985 and a B.A. degree in history from Harvard College in 1980.

He is married, has two children and resides in Washington, D.C.