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STATEMENT AND PROCEDURES 

REGARDING PUBLIC ACCESS TO RECORDS OF THE 

FINANCIAL STABILITY OVERSIGHT BOARD 

BACKGROUND 

The Financial Stability Oversight Board (“Oversight Board”) was established by 

Section 104 of the Emergency Economic Stabilization Act of 2008 (“EESA”) to perform certain 

responsibilities with respect to the Troubled Asset Purchase Program also established by the 

EESA.1

 The members of the Oversight Board are the Secretary of the Treasury, the Secretary of 

Housing and Urban Development, the Chairman of the Board of Governors of the Federal 

Reserve System (“Board of Governors”), the Chairman of the Securities and Exchange 

Commission, and the Director of the Federal Housing Finance Agency. 

 In order to promote transparency in the operations of the Oversight Board, the Oversight 

Board will provide access to records of the Oversight Board using procedures set out in the 

Freedom of Information Act (“FOIA”) and the procedures set forth below. Since the official 

records of the Oversight Board are compiled and stored at the main offices of the Board of 

Governors, the procedures provide for persons seeking access to records of the Oversight Board 

to file a request for such information with the Board of Governors. Any request will then be 

processed on behalf of the Oversight Board in accordance with the policies and procedures 

established by the Board of Governors under the FOIA. 12 CFR §§ 261.12-17. The Oversight 

Board believes that use of these existing policies and procedures will facilitate the processing of 

requests to, and responses from, the Oversight Board for access to its records. Requestors should 

be aware that any request for records created by, or obtained from, another agency typically will 

 

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 Pub. L. 110-343,122 Stat. 3765 (October 3, 2008). 
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be referred to the appropriate agency for a response. 

 The Oversight Board is independent of the Board of Governors and the other departments 

and agencies represented on the Oversight Board. Accordingly, this policy should not be read as 

implying that any other provisions of the rules adopted by the Board of Governors, or any other 

agency, apply to the Oversight Board or its records. 

PROCEDURES FOR REQUESTING RECORDS OF THE OVERSIGHT BOARD 

 (a) In general. The Oversight Board will make records of the Oversight Board publicly 

available under the procedures and standards described in the Freedom of Information Act (5 

U.S.C. § 522). To facilitate the processing of requests for records of the Oversight Board, the 

Oversight Board will follow the procedures set forth in sections §§ 261.12 - 261.17 of the FOIA 

rules promulgated by Board of Governors, which are codified at 12 C.F.R. §§ 261.12 – 261.17. 

For purposes of the Oversight Board, any reference in 12 C.F.R. §§ 261.12 - 261.17 to “Board,” 

“Secretary” and “General Counsel” should be construed to refer to the Oversight Board, the 

Secretary of the Oversight Board and the General Counsel of the Oversight Board, respectively. 

The following additional information is provided to assist the public in requesting information 

under these procedures. 

 (b) Requests for information. All requests for access to records of the Oversight Board 

should be directed to the attention of the Financial Stability Oversight Board at the Freedom of 

Information Office, Board of Governors of the Federal Reserve System, 20th & C Street, N.W., 

Washington, D.C. 20551. Requests may be submitted by mail to this address or by facsimile to 

the Freedom of Information Office, (202) 872–7562 or 7565. Requests shall be clearly marked 

INFORMATION REQUEST, FINANCIAL STABILITY OVERSIGHT BOARD. Requestors should 

follow the directions for requesting records as provided in 12 C.F.R. § 261.12. Fees may be 
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charged for processing a request as provided in 12 C.F.R. § 261.17. The public reading rooms 

for the Oversight Board are the reading rooms located at the Freedom of Information Office of 

the Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, 

N.W., Washington, D.C. 20551 (the pedestrian entrance is on C Street, N.W.). Due to security 

measures at the Board of Governors, an advance appointment for access to the reading rooms 

must be scheduled by calling the FOIA Office at 202-452-3684 or 3685. 

 (c) Initial Determinations on Requests. Initial determinations on requests for records of 

the Oversight Board will be made by the Secretary of the Oversight Board or such other official 

as may be designated by the Secretary of the Oversight Board. 

 (d) Administrative appeal of initial determination to deny access to records. A person 

denied access to Oversight Board records under these procedures may file a written appeal as 

described in 12 C.F.R. § 261.13(i). Appeals should be addressed as described in paragraph (b) 

of this policy and clearly marked INFORMATION APPEAL, FINANCIAL STABILITY 

OVERSIGHT BOARD. Appellate determinations with respect to records of the Oversight Board 

will be made by the Oversight Board or a designee of the Oversight Board. 

 Adopted by the Financial Stability Oversight Board this 10th day of December, 2008. 

[Signed Electronically] 

____________________________ 

Jason A. Gonzalez 

Secretary 

Financial Stability Oversight Board