80 FR 24316 - Financial Research Advisory Committee

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 83 (April 30, 2015)

The Office of Financial Research is soliciting applications for membership on its Financial Research Advisory Committee.

[Federal Register Volume 80, Number 83 (Thursday, April 30, 2015)]
[Notices]
[Pages 24316-24317]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-10087]


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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: Andrea B. Ianniello, Designated 
Federal Officer, Office of Financial Research, Department of the 
Treasury, (202) 622-3002.

SUPPLEMENTARY INFORMATION: Pursuant to the Federal Advisory Committee 
Act, (Pub. L. 92-463, 5 U.S.C. App. 2 Sec.  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 Director determines will be 
helpful in allowing the FRAC to carry out its role.
    The FRAC is an advisory committee that was established on April 6, 
2012 and renewed on April 4, 2014. The OFR is currently soliciting 
applications for membership in order to provide for rotation of 
membership, as provided in its original and renewed 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,

[[Page 24317]]

technology, or other areas related to OFR's duties and authorities. The 
terms of members chosen to serve may vary from one to three years. No 
person who is a Federally-registered lobbyist may serve on the 
Committee. 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 fingerprints, tax checks, and a 
Federal Bureau of Investigation criminal check. Applicants must state 
in their application that they agree to submit to these pre-appointment 
checks.
    The application period for interested candidates will extend to May 
11, 2015. Applications should be submitted in sufficient time to be 
received by the close of business on the closing date and should be 
sent to [email protected] or by mail to: Office of 
Financial Research, Department of the Treasury, Attention: Andrea B. 
Ianniello, 1500 Pennsylvania Avenue NW., MT-1330, Washington, DC 20220.

    Dated: April 20, 2015.
William Ruberry,
Associate Director, Communications.
[FR Doc. 2015-10087 Filed 4-29-15; 8:45 am]
 BILLING CODE 4810-25-P