DTCC Comments on Senate Confirmation of Federal Reserve Appointments

The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the recent confirmation of four appointments to the Federal Reserve:

"We congratulate Jerome Powell on his re-appointment as Chair of the Board of Governors of the Federal Reserve System. We also congratulate Lael Brainard on her appointment as Vice Chair, and Dr. Lisa DeNell Cook and Dr. Phillip Jefferson on their appointments as Governors. We look forward to continuing our collaboration with the Federal Reserve as we collectively work to further improve the efficiency and soundness of the financial system."

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ABOUT DTCC

With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 19 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2025, DTCC’s subsidiaries processed securities transactions valued at U.S. $4.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $114 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook and Instagram.