Office of Financial Stability (OFS)

The Office of Financial Stability (OFS) is a division within the U.S. Department of the Treasury. It was established to manage financial recovery programs, especially during economic crises. The OFS oversees initiatives like the Troubled Asset Relief Program (TARP), which helps stabilize the financial system by supporting struggling banks and businesses. Its primary goal is to enhance economic stability and protect taxpayer interests while ensuring that financial markets function smoothly. By addressing financial challenges, the OFS plays a crucial role in promoting a strong economy and preventing future financial crises.