READOUT: Financial Stability Oversight Council Meeting on May 10, 2024

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive and public sessions at the U.S. Department of the Treasury (Treasury).During the executive session, the Council received an update from member agency staff on recent and planned work of the Council’s Financial Market Utilities (FMU) Committee, including the committee’s review of the eight FMUs that the Council designated in 2012.The Council also received an update from staff of Treasury and the Federal Reserve Bank of New York on market developments related to corporate credit, including private credit.