On Monday, Mnuchin will convene a call with the President’s Working Group on financial markets, which he chairs, according to the statement. The group, which was created after the 1987 stock market crash, includes representatives from the Federal Reserve Board, the Securities and Exchange Commission and the Commodity Futures Trading Commission.
WASHINGTON (Dec 24): Treasury Secretary Steven Mnuchin called top executives from the six largest US banks over the weekend, he said Sunday on Twitter, a move that followed heavy losses in the stock market last week and a partial federal government shutdown.
“The CEOs confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations,” the Treasury said in a statement attached to Mnuchin’s tweet. “He also confirmed that they have not experienced any clearance or margin issues, and that the markets continue to function properly.”
