Written Testimony by Secretary of the Treasury Timothy F. Geithner before the Senate Committee on Banking, Housing & Urban Affairs

WASHINGTON, D.C. – March 15, 2011 – (RealEstateRama) — Chairman Johnson, Ranking Member Shelby, and members of the committee, thank you for the opportunity to testify this morning.

Last month, we released a report outlining our vision of the next steps for reforming the housing finance market. My testimony today summarizes the content of that report


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The Department of the Treasury is organized into two major components the Departmental offices and the operating bureaus. The Departmental Offices are primarily responsible for the formulation of policy and management of the Department as a whole, while the operating bureaus carry out the specific operations assigned to the Department. Our bureaus make up 98% of the Treasury work force.

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