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)
Membership:
Chairman of the Board of Governors of the Federal Reserve System
Ben Bernanke
Secretary of the Treasury
Timothy Geithner
Director of the Federal Housing Finance Agency
James Lockhart
Chairman of the Securities Exchange Commission
Mary Shapiro
Secretary of Housing and Urban Development
Shaun Donovan
Reports
- 12/31/08 – First Quarterly Report s. 104(g)
Minutes
Procedural Rules
Public Reading Room
Freedom of Information Office of the Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, N.W.
Washington, D.C. 20551
To schedule an appoint call (202) 452-3684 or 3685
Press Releases
01/28/09 – Treasury Announces New Policy To Increase Transparency in Financial Stability Program