Full text of Minutes of the Financial Stability Oversight Council : Notational Vote, Held June 21, 2016

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The Financial Stability Oversight Council unanimously approved the attached
resolution by notational vote on June 21, 2016.

RESOLUTION APPROVING THE 2016 ANNUAL REPORT

WHEREAS, the Financial Stability Oversight Council (the “Council”) under the
provisions of section 112 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act (the “DFA”) is required to annually report to and testify before
Congress on: the activities of the Council; significant financial market and
regulatory developments, including insurance and accounting regulations and
standards, along with assessment of those developments on the stability of the
financial system; potential emerging threats to the financial stability of the United
States; all determinations made section 113 or title VIII of the DFA, and the basis
for such determinations; all recommendations made under section 119 of the DFA
and the result of such recommendations; and recommendations to enhance the
integrity, efficiency, competitiveness, and stability of the United States financial
markets; to promote market discipline; and to maintain investor confidence; and

WHEREAS, staff of the Council Members and their Agencies prepared the
attached 2016 annual report pursuant to section 112 of the DFA, and members of
the Council have reviewed and commented on the attached report.

NOW THEREFORE, BE IT RESOLVED, that the Council approves the attached
report prepared under the provisions of section 112 of the DFA and authorizes the
Chairperson, or his designee, to take such action as necessary to formally transmit
the attached report to the Congress and to otherwise make it available to the public
as the Chairperson deems appropriate; and

BE IT FURTHER RESOLVED, that the Council hereby delegates authority to the
Chairperson, or his designee, to make technical, nonsubstantive, or conforming
changes to the text of the attached report and to take such other actions as they
deem necessary or appropriate to prepare the report for release to the Congress and
the public.