Notice2022-16813
Financial Research Advisory Committee
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 5, 2022
Issuing agencies
Treasury Department
Abstract
The Office of Financial Research is soliciting applications for membership on its Financial Research Advisory Committee.
Full Text
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<title>Federal Register, Volume 87 Issue 150 (Friday, August 5, 2022)</title>
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[Federal Register Volume 87, Number 150 (Friday, August 5, 2022)]
[Notices]
[Pages 48072-48073]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-16813]
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DEPARTMENT OF THE TREASURY
Financial Research Advisory Committee
AGENCY: Office of Financial Research, Treasury.
ACTION: Financial Research Advisory Committee-Solicitation of
applications for committee membership.
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SUMMARY: The Office of Financial Research is soliciting applications
for membership on its Financial Research Advisory Committee.
FOR FURTHER INFORMATION CONTACT: Melissa Avstreih, Designated Federal
Officer, Office of Financial Research, Department of The Treasury,
(202) 425-2483.
SUPPLEMENTARY INFORMATION: Pursuant to the Federal Advisory Committee
Act, (Pub. L. 92-463, 5 U.S.C. app. 2 1-16, as amended), the Treasury
Department established a Financial Research Advisory Committee (FRAC,
or Committee) to provide advice and recommendations to the Office of
Financial Research (OFR) and to assist the OFR in carrying out its
duties and authorities.
(I) Authorities of the OFR
Background
The OFR was established under Title I of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (Pub. L. 111-203, July 21, 2010).
The purpose of the OFR is to support the Financial Stability Oversight
Council (Council) in fulfilling the purposes and duties of the Council
and to support the Council's member agencies by:
--Collecting data on behalf of the Council, and providing such data to
the Council and member agencies;
--Standardizing the types and formats of data reported and collected;
--Performing applied research and essential long-term research;
--Developing tools for risk measurement and monitoring;
--Performing other related services;
--Making the results of the activities of the OFR available to
financial regulatory agencies; and
--Assisting such member agencies in determining the types and formats
of data authorized by the Dodd-Frank Act to be collected by such member
agencies.
(II) Scope and Membership of the FRAC
The FRAC was established to advise the OFR on issues related to the
responsibilities of the office. It may provide its advice,
recommendations, analysis, and information directly to the OFR and the
OFR may share the Committee's advice and recommendations with the
Secretary of the Treasury or other Treasury officials. The OFR will
share information with the Committee as the OFR Director determines
will be helpful in allowing the FRAC to carry out its role.
The FRAC is an advisory committee that was originally established
on April 6, 2012. Its charter was renewed several times, most recently
on January 26, 2022. The OFR is currently soliciting applications for
membership in order to provide for rotation of membership, as provided
in its original and current charter, as well as to provide for a
diverse and balanced body with a variety of interests, backgrounds, and
viewpoints represented. Providing for such diversity enhances the views
and advice offered by the FRAC.
(II) Application for Advisory Committee Appointment
Treasury seeks applications from individuals representative of a
constituency within the fields of economics, financial institutions and
markets, statistical analysis, financial markets analysis,
econometrics, applied sciences, risk management, data management,
information standards, technology, or other areas related to OFR's
duties and authorities. The terms of members chosen to serve are
typically three years. No member of the Committee serving in their
individual capacity (as opposed to those members specifically appointed
to represent the interests of a nongovernmental entity, a recognizable
group of persons, or nongovernmental entities) may be a Federally-
registered lobbyist.
[[Page 48073]]
Membership on the Committee is limited to the individuals appointed and
is non-transferrable. Regular attendance is essential to the effective
operation of the Committee. Some members of the Committee may be
required to adhere to the conflict of interest rules applicable to
Special Government Employees, as such employees are defined in 18
U.S.C. 202(a). These rules include relevant provisions in 18 U.S.C.
related to criminal activity, Standards of Ethical Conduct for
Employees of the Executive Branch (5 CFR part 2635), and Executive
Order 12674 (as modified by Executive Order 12731).
To apply, an applicant must submit an appropriately detailed resume
and a cover letter describing their interest, reasons for application,
and qualifications. In accordance with Department of Treasury Directive
21-03, a clearance process includes criminal and subversive name checks
or fingerprint checks with the Federal Bureau of Investigation for
proposed advisory committee members, as well as pre-appointment tax
checks with the Internal Revenue Service for all proposed and
reappointed members.
The application period for interested candidates will close on
September 9, 2022. Applications should be submitted in sufficient time
to be received by the close of business on the closing date and should
be sent to <a href="/cdn-cgi/l/email-protection#1f50594d40594d5e5c5f70796d316b6d7a7e6c6a6d6631787069"><span class="__cf_email__" data-cfemail="2d626b7f726b7f6c6e6d424b5f03595f484c5e585f54034a425b">[email protected]</span></a>.
Dated: August 2, 2022.
Emily Anderson,
Acting Deputy Director of Operations.
[FR Doc. 2022-16813 Filed 8-4-22; 8:45 am]
BILLING CODE 4810-25-P
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