Discussing a "perception problem" with CEO's of major banks serving on the board of the New York Fed, Treasury Secretary Geithner said, "the American people should understand that.... those banks and the members of the board play no role in supervision. They have no role in the writing of the rules, and they play no role in decisions the Fed makes about how to respond to a financial crisis. Their role is a much more limited role, and the role is to help provide a perspective on what’s happening in the economy as a whole. But I agree with you that the, that perception is a problem. And it’s worth trying to figure out how to fix that."