Richard S. Carnell
Encyclopedia
Richard Scott Carnell is a United States
lawyer
who was Assistant Secretary of the Treasury for Financial Institutions
from 1993 to 1999.
, receiving a B.A.
in 1975. He later attended Harvard Law School
, receiving a J.D.
in 1982.
From 1982 to 1984, Carnell worked as an associate attorney
at the law firm
of Broad, Schulz, Larson & Wineberg in San Francisco. He then worked as an attorney for the Board of Governors of the Federal Reserve System from 1984 to 1987. He became Counsel of the United States Senate Committee on Banking, Housing, and Urban Affairs
in 1987 and was then the Committee's Senior Counsel 1989-1993.
In 1993, President of the United States
Bill Clinton
nominated Carnell to be Assistant Secretary of the Treasury for Financial Institutions
. He held that office until 1999.
Since leaving government service, Carnell has been a law professor at the Fordham University School of Law
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
lawyer
Lawyer
A lawyer, according to Black's Law Dictionary, is "a person learned in the law; as an attorney, counsel or solicitor; a person who is practicing law." Law is the system of rules of conduct established by the sovereign government of a society to correct wrongs, maintain the stability of political...
who was Assistant Secretary of the Treasury for Financial Institutions
Assistant Secretary of the Treasury for Financial Institutions
The Assistant Secretary of the Treasury for Financial Institutions is an official in the United States Department of the Treasury who is the head of the Office of Financial Institutions. The office has been vacant since January 2010 when Michael Barr left office.According to U.S...
from 1993 to 1999.
Biography
Richard S. Carnell was educated at Yale UniversityYale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
, receiving a B.A.
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
in 1975. He later attended Harvard Law School
Harvard Law School
Harvard Law School is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, it is the oldest continually-operating law school in the United States and is home to the largest academic law library in the world. The school is routinely ranked by the U.S...
, receiving a J.D.
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...
in 1982.
From 1982 to 1984, Carnell worked as an associate attorney
Associate attorney
An associate attorney is a lower-level employee of a traditional law firm who does not hold an ownership interest as a partner.-Attorneys:An associate may be a junior or senior associate, but normally does not yet hold an ownership interest in the firm even if they have been associated with the...
at the law firm
Law firm
A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise clients about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other...
of Broad, Schulz, Larson & Wineberg in San Francisco. He then worked as an attorney for the Board of Governors of the Federal Reserve System from 1984 to 1987. He became Counsel of the United States Senate Committee on Banking, Housing, and Urban Affairs
United States Senate Committee on Banking, Housing, and Urban Affairs
The United States Senate Committee on Banking, Housing, and Urban Affairs has jurisdiction over matters related to: banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes,...
in 1987 and was then the Committee's Senior Counsel 1989-1993.
In 1993, President of the United States
President of the United States
The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces....
Bill Clinton
Bill Clinton
William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation...
nominated Carnell to be Assistant Secretary of the Treasury for Financial Institutions
Assistant Secretary of the Treasury for Financial Institutions
The Assistant Secretary of the Treasury for Financial Institutions is an official in the United States Department of the Treasury who is the head of the Office of Financial Institutions. The office has been vacant since January 2010 when Michael Barr left office.According to U.S...
. He held that office until 1999.
Since leaving government service, Carnell has been a law professor at the Fordham University School of Law
Fordham University School of Law
Fordham University School of Law is a part of Fordham University in the United States. The School is located in the Borough of Manhattan in New York City, and is one of eight ABA-approved law schools in that city.-Overview:According to the U.S. News & World Report, 1,516 J.D. students attend...
.