Frederick S. Selby

Deputy Chief Financial Officer, Office of Financial Stability, Department of the Treasury i

Fred Selby was appointed as the Deputy Chief Financial Officer, Office of Financial Stability, Department of the Treasury in October, 2008.  The Office of Financial Stability was established by the Emergency Economic Stabilization Act of 2008 and is charged with providing stability to and preventing disruption in the financial markets, protecting the interest of taxpayers, and helping keep families in their homes.  As the Deputy Chief Financial Officer, Mr. Selby is responsible for the timely and accurate accounting of the $700 billion Troubled Asset Relief Program.  The CFO’s Office has functional responsibilities in the areas of budgeting, internal controls, accounting and reporting, credit reform, and cash management.

Fred Selby retired in 2007 from the Federal Deposit Insurance Corporation after serving as the Director of the Division of Finance for 9 years.  He simultaneously served as the Chief Financial Officer for 15 months during this period.  His organization was responsible for corporate and receivership accounting and reporting, payment of corporate and receivership bills, the corporation’s planning and a $1 billion annual budget, quarterly assessment of insurance premiums for the nation’s insured financial institutions, and investment of the Bank and Savings Association Insurance Funds of $50 billion.  Partnering with a major consulting firm, his organization successfully installed the largest ERP ever installed of an international vendor’s software in 2006.

Prior to serving as a division director, Mr. Selby served 2 years as the Deputy Director for Resource Management with the Division of Finance.  Earlier assignments included serving the FDIC as the Assistant Director, Administration and Control Branch, Division of Resolutions; and the Resolution Trust Corporation as Chief Financial Officer, Asset Operations Manager, and Resolutions Specialist for the RTC Kansas City Regional Office.

Mr. Selby retired from the United States Army in 1989 after serving as the Comptroller, 200^th Theatre Army Material Management Center, Zweibrucken, Germany; Commander, 5^th and 21^st Finance Groups, Frankfurt and Kaiserslautern, Germany; and Executive Assistant to the Controller of the Army, Washington, DC.  Other assignments in the Army included Personnel Assignment Officer, Installation Finance and Accounting Officer, Finance Staff Officer, Mechanized Infantry Company Commander, and Battalion Adjutant.

Mr. Selby earned his Masters of Arts in Business Administration at the University of Northern Colorado and his Bachelor of Science, Banking and Finance at the University of Missouri.  Fred Selby attended several U.S. Army Schools including the U.S. Army Command and General Staff College and Airborne and Ranger Schools in addition to the U.S. Marine Corps Command and Staff College.  Mr. Selby became a Certified Public Accountant in the State of Missouri in 1992.

Mr. Selby and his wife, Ronda, live near Kansas City, Missouri and in the Northern Neck of Virginia.  They have two adult children and four grandchildren.