Minutes of the Meeting of the Treasury Borrowing Advisory Committee August 4, 2026

The Committee convened in a closed session at the Department of the Treasury at 8:45 a.m. All members except Sara Devereux were present. Denise Rosenhaft Gray from BNY was also present to assist the Committee Chair. Counselor to the Secretary Hunter McMaster, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office of Debt Management Tom Katzenbach welcomed the Committee. Other members of Treasury staff present were Abigail Brown, Chris Cameron, Dave Chung, Gabriella Csepe, Robert Dunsky, Ethan Fallang, Gary Grippo, Liang Jensen, Gavin Ross, Alessio Saretto, Joshua Stachura, Nick Steele, and Renee Tang. Federal Reserve Bank of New York staff members Ellen Correia Golay, Oliver Giannotti, and Kyle Watson were also present.