Robert L. Clarke

Robert L. Clarke (born June 29, 1942) was Comptroller of the Currency of the United States[1] from 1985-1992. He was born in Tulsa, Oklahoma.[2]

Robert L. Clarke
Robert L. Clarke
Portrait of Robert L. Clarke
26th Comptroller of the Currency
In office
December 2, 1985 - February 29, 1992
PresidentRonald W. Reagan
George H. W. Bush
Preceded byC. T. Conover
Succeeded byEugene Ludwig
Personal details
Born (1942-06-29) 29 June 1942
Tulsa, Oklahoma
NationalityAmerican
OccupationAttorney

Clarke, a Texas banking attorney, was nominated by President Ronald Reagan and confirmed by the U.S. Senate. His tenure coincided with an era of extraordinary turbulence in financial institutions and the financial marketplace in the United States.

Under Clarke, the agency strengthened its managerial and supervisory capabilities to deal with changes and stresses in the national banking system. Clarke led the effort to expand the national bank powers to better meet the competition from non-bank providers of financial services. His leadership helped to reduce the costs of bank failures and to restore the safety and soundness of the national banking system.

Clarke was nominated to a second five-year term by President George H.W. Bush, but his nomination was blocked by the Senate Banking Committee in November 1991.[3] He remained in office until February 1992, when the office of Comptroller passed to a caretaker, his former deputy Steven R. Steinbrink.[4] Clarke returned to the practice of law after his term as Comptroller.

References
  1. "Clarke's Tenure as Comptroller of the Currency Is Threatened". The New York Times. 27 September 1991. Retrieved 4 August 2011.
  2. The Martindale-Hubbell Law Directory. Martindale-Hubbell Law Directory, Incorporated. 1998.
  3. Labaton, Stephen (7 November 1991). "Comptroller Rejected for A 2d Term". The New York Times. ISSN 0362-4331. Retrieved 12 June 2023.
  4. Labaton, Stephen (24 April 1992). "Comptroller Choice Appears Set". The New York Times. ISSN 0362-4331. Retrieved 12 June 2023.


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