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Financial Stability Oversight Council Meeting on March 24, 2023
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 heard a presentation from staff of the Federal Reserve Bank of New York on market developments. The Council discussed current conditions in the banking sector and noted that while some institutions have come under stress, the U.S. banking system remains sound and resilient. The Council also discussed ongoing efforts at member agencies to monitor financial developments. In attendance at the Council meeting by ... (full story)