The Council is chaired by the Secretary of the Treasury and consists of 10 voting members and 5 nonvoting members.
The Council’s voting members are:
- The Secretary of the Treasury who serves as the Chairperson of the Council;
- The Chairman of the Board of Governors of the Federal Reserve System;
- The Comptroller of the Currency (OCC);
- The Director of the Bureau of Consumer Financial Protection (CFPB);
- The Chairman of the Securities and Exchange Commission (SEC);
- The Chairperson of the Federal Deposit Insurance Corporation (FDIC);
- The Chairperson of the Commodity Futures Trading Commission (CFTC);
- The Director of the Federal Housing Finance Agency (FHFA);
- The Chairman of the National Credit Union Administration (NCUA); and
- An independent member with insurance expertise who is appointed by the President and confirmed by the Senate for a six-year term.
The Council’s nonvoting members, who serve in an advisory capacity, are:
- The Director of the Office of Financial Research;
- The Director of the Federal Insurance Office;
- A state insurance commissioner designated by the state insurance commissioners;
- A state banking supervisor designated by the state banking supervisors; and
- A state securities commissioner (or officer performing like functions) designated by the state securities commissioners.
The state insurance commissioner, state banking supervisor, and state securities commissioner serve two-year terms