"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 Treasury said in a statement. (Reporting by David Lawder; editing by Jonathan Oatis)
david.lawder.thomsonreuters.com@reuters.net)) WASHINGTON, March 24 (Reuters) - The U.S. Treasury said
that the multi-regulator Financial Stability Oversight Council
agreed in a meeting on Friday that the U.S. banking system
remains "sound and resilient" despite stress on some
institutions.
In a readout of the closed meeting held by videoconference,
the Treasury said that FSOC participants heard a presentation on
market developments from the staff of the Federal Reserve Bank
of New York.
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