The Senate has confirmed John Dugan to be comptroller of the currency and John Reich to be director of the Office of Thrift Supervision, in addition to several key Treasury Department appointees, before adjourning for an August recess.Mr. Dugan, a partner at Covington & Burling, takes over the top spot at the Office of the Comptroller of the Currency, which has been vacant since John Hawke stepped down Oct. 13, 2004. Mr. Reich will move from the Federal Deposit Insurance Corp., where he is vice chair, to take over the OTS. The Senate also confirmed Robert Kimmitt to be Treasury deputy secretary and Randal Quarles to be under secretary for domestic finance. Mr. Quarles was serving as assistant secretary for international affairs when he was appointed acting under secretary for domestic finance to replace Brian Roseboro, who resigned last November. Meanwhile, President Bush has announced his intention to nominate investment banker Emil Henry Jr. to be Treasury assistant secretary for financial institutions. Mr. Henry is a senior partner at Gleacher Partners. He previously worked at Morgan Stanley's merchant banking division.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry