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WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session by videoconference.
During the meeting, the Council received an update from Treasury staff on the Council report being prepared in response to the Executive Order on Ensuring Responsible Development of Digital Assets. The Council expects to issue the report in October 2022.
The Council also heard a presentation from staff of the Federal Housing Finance Agency (FHFA) on FHFA’s upcoming review of the Federal Home Loan Bank System, which will include an evaluation of the system’s mission, membership eligibility requirements, and operational efficiencies.
The Council also received an update from Treasury staff on the development of the Council’s 2022 annual report.
Additionally, the Council voted to approve its fiscal year 2023 budget and the minutes of its previous meeting on July 28, 2022.
In attendance at the Council meeting by videoconference were the following members:
Additional information regarding the Council, its work, and the recently approved budget and meeting minutes is available at http://www.fsoc.gov.
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