81_FR_16338 81 FR 16280 - Financial Research Advisory Committee

81 FR 16280 - Financial Research Advisory Committee

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 58 (March 25, 2016)

Page Range16280-16281
FR Document2016-06798

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

Federal Register, Volume 81 Issue 58 (Friday, March 25, 2016)
[Federal Register Volume 81, Number 58 (Friday, March 25, 2016)]
[Notices]
[Pages 16280-16281]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-06798]


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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.

-----------------------------------------------------------------------

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

FOR FURTHER INFORMATION CONTACT: Susan Stiehm, Designated Federal 
Officer, Office of Financial Research, Department of the Treasury, 
(212) 376-9808.

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 
(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 Financial Research Advisory Committee

    The Financial Research Advisory Committee 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 Committee to carry 
out its role.
    The Financial Research Advisory Committee is an advisory committee 
that was established on April 6, 2012 and renewed its charter on March 
8, 2016. 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 Committee.

(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 may vary. 
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 
April 22, 2016. 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: Susan Stiehm, 1500 
Pennsylvania Avenue NW., MT-1330, Washington, DC 20220.

    Dated: March 21, 2016.
Barbara Shycoff,
Chief of External Affairs.

Action Memorandum Clearance Sheet

    Subject/Title: Federal Register Notice for third Financial Research 
Advisory Committee Meeting.
    Drafted by: Susan Stiehm.
    Contributions by: John Zitko.

[[Page 16281]]



----------------------------------------------------------------------------------------------------------------
                                                 Office, Title                   Name                  Date
----------------------------------------------------------------------------------------------------------------
Approved \1\ by:                          OFR, Director.............  Richard Berner............            3/21
Reviewed \2\ by:                          OFR, COO..................  Nicole Bynum..............  ..............
                                          OFR, Chief of Staff.......  Kathleen Victorino........            3/14
                                          OFR, Senior Attorney        John Zitko................
                                           Advisor.
                                          OFR, CDO..................  Con Crowley...............            3/14
                                          OFR, CTO..................  John Talbot...............            3/14
                                          OFR, Deputy Director,       Stacey Schreft............
                                           Research and Analysis.
Cleared \3\ by:                           OFR, Chief Counsel........  Matt Reed.................            3/15
                                          OFR, Chief of External      Barbara Shycoff...........            3/11
                                           Relations.
----------------------------------------------------------------------------------------------------------------
\1\ The approver is the final review before the document can be sent to the intended recipient. It is
  recommended that you limit the number of approvers to 1.
\2\ A reviewer has read the document and provided comments on part of the document. This person has not
  necessarily endorsed all of the language within the document.
\3\ A clearer has read the document and endorses the language in the final document relevant to the clearer's
  office.

Delivery Instructions

    Return to policy office for delivery.
    Deliver through the OFR Front Office (include specific instructions 
below).
    Other (see below).
    Specific delivery instructions:

[FR Doc. 2016-06798 Filed 3-24-16; 8:45 am]
 BILLING CODE 4810-25-P



                                                    16280                           Federal Register / Vol. 81, No. 58 / Friday, March 25, 2016 / Notices

                                                    a.k.a. HAYATURAS; a.k.a.                                as amended), the Treasury Department                  such diversity enhances the views and
                                                    HAYATUTRAS; a.k.a. HIYAT ORAZ AL                        established a Financial Research                      advice offered by the Committee.
                                                    ISLAMIYA; a.k.a. JAMIA IHYA UL                          Advisory Committee (Committee) to
                                                                                                                                                                  (II) Application for Advisory
                                                    TURATH; a.k.a. JAMIAT AL-HAYA AL-                       provide advice and recommendations to
                                                                                                                                                                  Committee Appointment
                                                    SARAT; a.k.a. JAMIAT AYAT-UR-                           the Office of Financial Research (OFR)
                                                    RHAS AL ISLAMIA; a.k.a. JAMIAT                          and to assist the OFR in carrying out its                Treasury seeks applications from
                                                    IHIA AL-TURATH AL-ISLAMIYA; a.k.a.                      duties and authorities.                               individuals representative of a
                                                    JAMIAT IHYA UL TURATH AL                                                                                      constituency within the fields of
                                                    ISLAMIA; a.k.a. JAMITO AHIA TORAS                       (I) Authorities of the OFR
                                                                                                                                                                  economics, financial institutions and
                                                    AL-ISLAMI; a.k.a. LAJNAT UL MASA                        Background                                            markets, statistical analysis, financial
                                                    EIDATUL AFGHANIA; a.k.a.                                                                                      markets analysis, econometrics, applied
                                                                                                               The OFR was established under Title
                                                    LAJNATUL FURQAN; a.k.a.                                                                                       sciences, risk management, data
                                                                                                            I of the Dodd-Frank Wall Street Reform
                                                    ORGANIZATION FOR PEACE AND                                                                                    management, information standards,
                                                                                                            and Consumer Protection Act (Pub. L.
                                                    DEVELOPMENT PAKISTAN; a.k.a.                                                                                  technology, or other areas related to
                                                                                                            111–203, July 21, 2010). The purpose of
                                                    RAIES KHILQATUL QURANIA                                                                                       OFR’s duties and authorities. The terms
                                                                                                            the OFR is to support the Financial
                                                    FOUNDATION OF PAKISTAN; a.k.a.                                                                                of members chosen to serve may vary.
                                                                                                            Stability Oversight Council (Council) in
                                                    REVIVAL OF ISLAMIC SOCIETY                                                                                    Membership on the Committee is
                                                                                                            fulfilling the purposes and duties of the
                                                    HERITAGE ON THE AFRICAN                                                                                       limited to the individuals appointed
                                                                                                            Council and to support the Council’s
                                                    CONTINENT; a.k.a. ‘‘AL MOSUSTA                                                                                and is non-transferrable. Regular
                                                    FURQAN’’; a.k.a. ‘‘AL-FORKAN’’; a.k.a.                  member agencies by:
                                                                                                                                                                  attendance is essential to the effective
                                                    ‘‘AL-FURKAN’’; a.k.a. ‘‘AL-                             —Collecting data on behalf of the
                                                                                                                                                                  operation of the Committee. Some
                                                    MOSASATUL FURQAN’’; a.k.a. ‘‘ASC’’;                        Council, and providing such data to
                                                                                                                                                                  members of the Committee may be
                                                    a.k.a. ‘‘HITRAS’’; a.k.a. ‘‘JAMIAT AL-                     the Council and member agencies;
                                                                                                                                                                  required to adhere to the conflict of
                                                    FURQAN’’; a.k.a. ‘‘MOASSESA AL-                         —Standardizing the types and formats
                                                                                                                                                                  interest rules applicable to Special
                                                    FURQAN’’; a.k.a. ‘‘MOSASA-TUL–                             of data reported and collected;
                                                                                                            —Performing applied research and                      Government Employees, as such
                                                    FORQAN’’; a.k.a. ‘‘RIHS’’; a.k.a.                                                                             employees are defined in 18 U.S.C.
                                                    ‘‘SOCIAL DEVELOPMENT                                       essential long-term research;
                                                                                                            —Developing tools for risk                            202(a). These rules include relevant
                                                    FOUNDATION’’), House Number 56, E.                                                                            provisions in 18 U.S.C. related to
                                                    Canal Road, University Town,                               measurement and monitoring;
                                                                                                            —Performing other related services;                   criminal activity, Standards of Ethical
                                                    Peshawar, Pakistan; Afghanistan; Near                                                                         Conduct for Employees of the Executive
                                                    old Badar Hospital in University Town,                  —Making the results of the activities of
                                                                                                               the OFR available to financial                     Branch (5 CFR part 2635), and Executive
                                                    Peshawar, Pakistan; Chinar Road,                                                                              Order 12674 (as modified by Executive
                                                    University Town, Peshawar, Pakistan;                       regulatory agencies; and
                                                                                                            —Assisting such member agencies in                    Order 12731).
                                                    218 Khyber View Plaza, Jamrud Road,
                                                    Peshawar, Pakistan; 216 Khyber View                        determining the types and formats of                  To apply, an applicant must submit
                                                    Plaza, Jamrud Road, Peshawar, Pakistan                     data authorized by the Dodd-Frank                  an appropriately-detailed resume and a
                                                    [SDGT].                                                    Act to be collected by such member                 cover letter describing their interest,
                                                                                                               agencies.                                          reasons for application, and
                                                      Dated: March 22, 2016.                                                                                      qualifications. In accordance with
                                                    John E. Smith,                                          (II) Scope and Membership of the                      Department of Treasury Directive 21–03,
                                                    Acting Director, Office of Foreign Assets               Financial Research Advisory                           a clearance process includes
                                                    Control.                                                Committee                                             fingerprints, tax checks, and a Federal
                                                    [FR Doc. 2016–06804 Filed 3–24–16; 8:45 am]               The Financial Research Advisory                     Bureau of Investigation criminal check.
                                                    BILLING CODE 4810–AL–P                                  Committee was established to advise the               Applicants must state in their
                                                                                                            OFR on issues related to the                          application that they agree to submit to
                                                                                                            responsibilities of the office. It may                these pre-appointment checks.
                                                    DEPARTMENT OF THE TREASURY                              provide its advice, recommendations,                     The application period for interested
                                                                                                            analysis, and information directly to the             candidates will extend to April 22,
                                                    Financial Research Advisory
                                                                                                            OFR and the OFR may share the                         2016. Applications should be submitted
                                                    Committee
                                                                                                            Committee’s advice and                                in sufficient time to be received by the
                                                    AGENCY:  Office of Financial Research,                  recommendations with the Secretary of                 close of business on the closing date and
                                                    Treasury.                                               the Treasury or other Treasury officials.             should be sent to OFR_FRAC@
                                                    ACTION: Financial Research Advisory                     The OFR will share information with                   ofr.treasury.gov or by mail to: Office of
                                                    Committee-Solicitation of Applications                  the Committee as the Director                         Financial Research, Department of the
                                                    for Committee Membership.                               determines will be helpful in allowing                Treasury, Attention: Susan Stiehm, 1500
                                                                                                            the Committee to carry out its role.                  Pennsylvania Avenue NW., MT–1330,
                                                    SUMMARY:   The Office of Financial                        The Financial Research Advisory                     Washington, DC 20220.
                                                    Research is soliciting applications for                 Committee is an advisory committee
                                                    membership on its Financial Research                                                                            Dated: March 21, 2016.
                                                                                                            that was established on April 6, 2012
                                                    Advisory Committee.                                                                                           Barbara Shycoff,
                                                                                                            and renewed its charter on March 8,
                                                    FOR FURTHER INFORMATION CONTACT:                        2016. The OFR is currently soliciting                 Chief of External Affairs.
asabaliauskas on DSK3SPTVN1PROD with NOTICES




                                                    Susan Stiehm, Designated Federal                        applications for membership in order to               Action Memorandum Clearance Sheet
                                                    Officer, Office of Financial Research,                  provide for rotation of membership, as
                                                    Department of the Treasury, (212) 376–                  provided in its original and renewed                    Subject/Title: Federal Register Notice
                                                    9808.                                                   charter, as well as to provide for a                  for third Financial Research Advisory
                                                    SUPPLEMENTARY INFORMATION: Pursuant                     diverse and balanced body with a                      Committee Meeting.
                                                    to the Federal Advisory Committee Act,                  variety of interests, backgrounds, and                  Drafted by: Susan Stiehm.
                                                    (Pub. L. 92–463, 5 U.S.C. App. 2 § 1–16,                viewpoints represented. Providing for                   Contributions by: John Zitko.



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                                                                                    Federal Register / Vol. 81, No. 58 / Friday, March 25, 2016 / Notices                                                                                 16281

                                                                                                                           Office, Title                                                   Name                                         Date

                                                    Approved 1 by:                                     OFR, Director ..........................................   Richard Berner ........................................                        3/21
                                                    Reviewed 2 by:                                     OFR, COO ...............................................   Nicole Bynum ..........................................       ........................
                                                                                                       OFR, Chief of Staff ..................................     Kathleen Victorino ...................................                         3/14
                                                                                                       OFR, Senior Attorney Advisor .................             John Zitko ................................................
                                                                                                       OFR, CDO ...............................................   Con Crowley ............................................                      3/14
                                                                                                       OFR, CTO ...............................................   John Talbot ..............................................                    3/14
                                                                                                       OFR, Deputy Director, Research and                         Stacey Schreft .........................................
                                                                                                        Analysis.
                                                    Cleared 3 by:                                      OFR, Chief Counsel ................................        Matt Reed ................................................                    3/15
                                                                                                       OFR, Chief of External Relations ............              Barbara Shycoff .......................................                       3/11
                                                      1 The approver is the final review before the document can be sent to the intended recipient. It is recommended that you limit the number of
                                                    approvers to 1.
                                                      2 A reviewer has read the document and provided comments on part of the document. This person has not necessarily endorsed all of the lan-
                                                    guage within the document.
                                                      3 A clearer has read the document and endorses the language in the final document relevant to the clearer’s office.




                                                    Delivery Instructions                                     site. In general, the Department will                               effectiveness of TRIP. The report must
                                                       Return to policy office for delivery.                  post all comments to                                                also include an evaluation of
                                                       Deliver through the OFR Front Office                   www.regulations.gov without change,                                 information that is being separately
                                                    (include specific instructions below).                    including any business or personal                                  collected by Treasury, including certain
                                                       Other (see below).                                     information provided such as names,                                 data appropriate for analyzing the
                                                       Specific delivery instructions:                        addresses, email addresses, or telephone                            effectiveness of TRIP.
                                                    [FR Doc. 2016–06798 Filed 3–24–16; 8:45 am]
                                                                                                              numbers. The Department will also
                                                                                                              make such comments available for                                    II. Solicitation for Comments
                                                    BILLING CODE 4810–25–P
                                                                                                              public inspection and copying in the                                   Collecting additional information and
                                                                                                              Treasury’s Library, 1500 Pennsylvania                               views on the matters that must be
                                                    DEPARTMENT OF THE TREASURY                                Avenue NW., Washington, DC 20220, on
                                                                                                                                                                                  addressed in the report to Congress will
                                                                                                              official business days between the hours
                                                                                                                                                                                  assist the Secretary in the formulation of
                                                    2016 Report on the Terrorism Risk                         of 10:00 a.m. and 5:00 p.m. Eastern
                                                                                                                                                                                  the report and enhance the report’s
                                                    Insurance Program                                         Time. You can make an appointment to
                                                                                                                                                                                  accuracy and value. Treasury seeks
                                                                                                              inspect comments by telephoning (202)
                                                    AGENCY: Departmental Offices, U.S.                                                                                            comment from interested parties on all
                                                                                                              622–0990. All comments, including
                                                    Department of the Treasury.                                                                                                   Section 111 elements that must be
                                                                                                              attachments and other supporting
                                                    ACTION: Notice and request for comment.                                                                                       covered in the report, including
                                                                                                              materials, are part of the public record
                                                                                                              and subject to public disclosure. You                               comments on:
                                                    SUMMARY:   The Terrorism Risk Insurance                   should submit only information that                                    1. The overall effectiveness of the
                                                    Act of 2002, as amended (TRIA),                           you wish to make available publicly.                                TRIP;
                                                    requires participating insurers to make                      Electronic submissions are
                                                    insurance available for losses resulting                                                                                         2. Observed changes or trends relating
                                                                                                              encouraged.                                                         to matters that Treasury is collecting
                                                    from acts of terrorism, and provides a                       Comments may also be mailed to the
                                                    federal government backstop for the                                                                                           data about under Section 111 of the
                                                                                                              Department of the Treasury, Federal                                 Reauthorization Act;
                                                    insurers’ resulting financial exposure.                   Insurance Office, MT 1410, 1500
                                                    TRIA established, in the U.S.                             Pennsylvania Avenue NW., Washington,                                   3. Whether any aspects of TRIP have
                                                    Department of the Treasury, the                           DC 20220.                                                           the effect of discouraging or impeding
                                                    Terrorism Risk Insurance Program                          FOR FURTHER INFORMATION CONTACT:
                                                                                                                                                                                  insurers from providing commercial
                                                    (TRIP), which is administered by the                      Richard A. Ifft, Senior Insurance                                   property casualty insurance coverage or
                                                    Secretary of the Treasury (Secretary),                    Regulatory Policy Analyst, Federal                                  coverage for acts of terrorism; and
                                                    with the assistance of the Federal                        Insurance Office, (202) 622–2922 (this is                              4. The impact of TRIP on workers’
                                                    Insurance Office (FIO). The Terrorism                     not a toll-free number) or Kevin                                    compensation insurers.
                                                    Risk Insurance Program Reauthorization                    Meehan, Policy Advisor, Federal
                                                    Act of 2015 (Reauthorization Act),                                                                                               In addition to comments on the above,
                                                                                                              Insurance Office, (202) 622–7009 (not a                             Treasury also seeks comment from
                                                    which extended and amended certain                        toll free number). Persons who have
                                                    provisions of TRIP, requires the                                                                                              interested parties on:
                                                                                                              difficulty hearing or speaking may
                                                    Secretary to submit a report to Congress                  access this number via TTY by calling                                  5. The availability and affordability of
                                                    concerning, among other things, the                       the toll-free Federal Relay Service at                              terrorism risk insurance coverage, both
                                                    overall effectiveness of TRIP. To assist                  (800) 877–8339.                                                     nationally and in particular geographic
                                                    the Secretary in formulating the report,                                                                                      areas; and
                                                                                                              SUPPLEMENTARY INFORMATION:
                                                    FIO is seeking comment on the statutory                                                                                          6. Other issues relating to TRIP or
                                                    factors that the report must analyze and                  I. Background                                                       terrorism insurance or reinsurance more
asabaliauskas on DSK3SPTVN1PROD with NOTICES




                                                    other related matters.                                       Section 111 of the Reauthorization                               broadly that may be relevant to
                                                    DATES: Comments must be submitted                         Act (Pub. L. 114–1) requires the                                    Treasury’s assessment of the
                                                    not later than April 15, 2016.                            Secretary to submit a report to the                                 effectiveness of TRIP.
                                                    ADDRESSES: Interested persons may                         Committee on Financial Services of the
                                                                                                                                                                                  Michael T. McRaith,
                                                    submit comments electronically through                    House of Representatives and the
                                                    the Federal eRulemaking Portal at                         Committee on Banking, Housing, and                                  Director, Federal Insurance Office.
                                                    http://www.regulations.gov, in                            Urban Affairs of the Senate on, among                               [FR Doc. 2016–06795 Filed 3–24–16; 8:45 am]
                                                    accordance with the instructions on that                  other things, the impact and                                        BILLING CODE 4810–25–P




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Document Created: 2018-02-02 15:17:50
Document Modified: 2018-02-02 15:17:50
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionFinancial Research Advisory Committee-Solicitation of Applications for Committee Membership.
ContactSusan Stiehm, Designated Federal Officer, Office of Financial Research, Department of the Treasury, (212) 376-9808.
FR Citation81 FR 16280 

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