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Minutes of the Financial Stability Oversight Council
Held November 11, 2011
PRESENT:
Timothy F. Geithner, Secretary of the Treasury and Chairperson of the Financial Stability
Oversight Council
Ben Bernanke, Chairman, Board of Governors of the Federal Reserve System (Federal Reserve)
Martin J. Gruenberg, Acting Chairperson, Federal Deposit Insurance Corporation (FDIC)
Mary Schapiro, Chairman, Securities and Exchange Commission (SEC)
Gary Gensler, Chairman, Commodity Futures Trading Commission (CFTC)
Edward DeMarco, Acting Director, Federal Housing Finance Agency (FHFA)
John Walsh, Acting Comptroller of the Currency, Office of the Comptroller of the Currency
(OCC)
Roy Woodall, Independent Member with Insurance Expertise
William Haraf, Commissioner, California Department of Financial Institutions (non-voting
member)
John Huff, Director, Missouri Department of Insurance, Financial Institutions, and Professional
Registration (non-voting member)
David Massey, Deputy Securities Administrator, North Carolina Department of the Secretary of
State, Securities Division (non-voting member)
Michael McRaith, Director, Federal Insurance Office, Department of the Treasury (non-voting
member)
NOT PRESENT:
Debbie Matz, Chairman, National Credit Union Administration (NCUA)
GUESTS:
Department of the Treasury
Neal S. Wolin, Deputy Secretary of the Treasury
Lael Brainard, Under Secretary of the Treasury for International Affairs
Mary J. Miller, Assistant Secretary for Financial Markets
Amias Gerety, Deputy Assistant Secretary for FSOC
Christopher J. Meade, Principal Deputy General Counsel
Board of Governors of the Federal Reserve System
Daniel K. Tarullo, Governor, Federal Reserve
Beth Anne Wilson, Assistant Director, Division of International Finance
Commodity Futures Trading Commission
Ananda Radhakrishnan, Director, Division of Clearing and Intermediary Oversight

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Office of the Comptroller of the Currency
John Lyons, Senior Deputy Comptroller for Bank Supervision and Policy and Chief National
Bank Examiner
Federal Deposit Insurance Corporation
Jason Cave, Deputy Director for Monitoring, Office of Complex Financial Institutions
Federal Housing Finance Agency
Mario Ugoletti, Special Advisor to the Director
National Credit Union Administration
John Worth, Chief Economist
Securities and Exchange Commission
Robert Cook, Director, Division of Trading and Markets
Office of the Independent Member with Insurance Expertise
Amanda Wise
Federal Reserve Bank of New York
William Dudley, President and Chief Executive Officer
California Department of Financial Institutions
Michael Stevens, Senior Vice President & Director of Regulatory Affairs, Conference of State
Bank Supervisors
Missouri Department of Insurance, Financial Institutions, and Professional Registration
Mark Sagat, Government Relations Policy Counsel, National Association of Insurance
Commissioners
North Carolina Department of the Secretary of the State, Securities Division
Joseph Brady, General Counsel, North American Securities Administrators Association
Federal Insurance Office
John Nolan, Senior Policy Advisor

Executive Session
The Chairperson called the executive session of the meeting of the Financial Stability Oversight
Council (Council) to order at 11:00 A.M. (EST).
The Council convened by teleconference to discuss European market developments.
No votes were taken during the meeting.
The Chairperson adjourned the meeting at approximately 11:26 A.M. (EST).
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