The Appraisal Subcommittee of the Federal Financial Institutions Examination Council held a special closed meeting on January 15, 2025. This meeting was conducted virtually through Teams at 10:28 a.m. Eastern Time. The meeting was focused on discussing a personnel matter as per section 1104(b) of title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. No decisions or actions were taken during this meeting.
Simple Explanation
The Appraisal Subcommittee had a secret online meeting to talk about something related to their team, but they didn't tell anyone what they talked about or why this meeting needed to be secret. They also didn't decide or do anything at the meeting.