The FSOB evaluates the Treasury Secretary’s policy and the effectiveness of “preserving home ownership, stabilizing financial markets, and protecting taxpayers.” Must importantly, the FSOB has the power to make recommendations – this is the only oversight board with this statutory power. The Board meets at least monthly and has regularly meet more frequently.
REPORTS: Quarterly s. 104(g)
Chairman of the Board of Governors of the Federal Reserve System
Secretary of the Treasury
Director of the Federal Housing Finance Agency
Chairman of the Securities Exchange Commission
Secretary of Housing and Urban Development
- 12/31/08 – First Quarterly Report s. 104(g)
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