Departmental Offices; Debt Management Advisory Committee Meeting, 3543 [08-162]

Agencies

• DEPARTMENT OF THE TREASURY
• Department of Treasury

[Federal Register Volume 73, Number 13 (Friday, January 18, 2008)]
[Notices]
[Page 3543]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-162]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Debt Management Advisory Committee Meeting

    Notice is hereby given, pursuant to 5 U.S.C. App. 2, 10(a)(2), that 
a meeting will be held at the Hay-Adams Hotel, 16th Street and 
Pennsylvania Avenue, NW., Washington, DC, on January 29, 2008 at 10:30 
a.m. of the following debt management advisory committee:

Treasury Borrowing Advisory Committee of The Securities Industry and 
Financial Markets Association.

    The agenda for the meeting provides for a charge by the Secretary 
of the Treasury or his designate that the Committee discuss particular 
issues, and a working session. Following the working session, the 
Committee will present a written report of its recommendations. The 
meeting will be closed to the public, pursuant to 5 U.S.C. App. 2, 
section 10(d) and Public Law 103-202, Sec.  202(c)(1)(B)(8) (31 U.S.C. 
section 3121 note).
    This notice shall constitute my determination, pursuant to the 
authority placed in heads of agencies by 5 U.S.C. App. 2, section 10(d) 
and vested in me by Treasury Department Order No. 101-05, that the 
meeting will consist of discussions and debates of the issues presented 
to the Committee by the Secretary of the Treasury and the making of 
recommendations of the Committee to the Secretary, pursuant to Public 
Law 103-202, section 202(c)(1)(B). Thus, this information is exempt 
from disclosure under that provision and 5 U.S.C. section 
552b(c)(3)(B). In addition, the meeting is concerned with information 
that is exempt from disclosure under 5 U.S.C. section 552b(c)(9)(A). 
The public interest requires that such meetings be closed to the public 
because the Treasury Department requires frank and full advice from 
representatives of the financial community prior to making its final 
decisions on major financing operations. Historically, this advice has 
been offered by debt management advisory committees established by the 
several major segments of the financial community. When so utilized, 
such a committee is recognized to be an advisory committee under 5 
U.S.C. App. 2, section 3.
    Although the Treasury's final announcement of financial plans may 
not reflect the recommendations provided in reports of the Committee, 
premature disclosure of the Committee's deliberations and reports would 
be likely to lead to significant financial speculation in the 
securities market. Thus, this meeting falls within the exemption 
covered by 5 U.S.C. section 552b(c)(9)(A).
    Treasury staff will provide a technical briefing to the press on 
the day before the Committee meeting, following the release of a 
statement of economic conditions, financing estimates and technical 
charts. This briefing will give the press an opportunity to ask 
questions about financing projections and technical charts. The day 
after the Committee meeting, Treasury will release the minutes of the 
meeting, any charts that were discussed at the meeting, and the 
Committee's report to the Secretary.
    The Office of Debt Management is responsible for maintaining 
records of debt management advisory committee meetings and for 
providing annual reports setting forth a summary of Committee 
activities and such other matters as may be informative to the public 
consistent with the policy of 5 U.S.C. section 552(b). The Designated 
Federal Officer or other responsible agency official who may be 
contacted for additional information is Karthik Ramanathan, Director, 
Office of Debt Management, at (202) 622-2042.

    Dated: January 14, 2008.
Anthony W. Ryan,
Assistant Secretary, Financial Markets.
[FR Doc. 08-162 Filed 1-17-08: 8:45 am]
BILLING CODE 4810-25-M