Minutes of the Meeting of the Treasury Borrowing Advisory Committee February 3, 2026

The Committee convened in a closed session at the Department of the Treasury at 9:00 a.m. All members except Jill Funk and Anastasia Titarchuk were present. Rudy Gopinath from Citigroup was also present to assist the Committee Chair. Director of Policy & Planning Hunter McMaster, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office of Debt Management Tom Katzenbach welcomed the Committee. Other members of Treasury staff present were Abigail Brown, Chris Cameron, Dave Chung, Gabriella Csepe, Chris Furey, Liang Jensen, Gavin Ross, Joshua Stachura, Nick Steele, and Renee Tang. Federal Reserve Bank of New York staff members Ellen Correia Golay, Oliver Giannotti, and Trevor Graney were also present.