Departmental Offices; Debt Management Advisory Committee Meeting, 34050 [2019-15013]

Agencies

• DEPARTMENT OF THE TREASURY

[Federal Register Volume 84, Number 136 (Tuesday, July 16, 2019)]
[Notices]
[Page 34050]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-15013]


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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 United States Treasury Department, 15th 
Street and Pennsylvania Avenue NW, Washington, DC, on July 30, 2019 at 
9:30 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 conduct 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, 
10(d) and Public Law 103-202, 202(c)(1)(B) (31 U.S.C. 3121 note). This 
notice shall constitute my determination, pursuant to the authority 
placed in heads of agencies by 5 U.S.C. App. 2, 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, 
202(c)(1)(B).
    Thus, this information is exempt from disclosure under that 
provision and 5 U.S.C. 552b(c)(3)(B). In addition, the meeting is 
concerned with information that is exempt from disclosure under 5 
U.S.C. 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, 3.
    Although the Treasury's final announcement of financing 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. 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 and financing estimates. This briefing 
will give the press an opportunity to ask questions about financing 
projections. 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. 552(b). The Designated Federal 
Officer or other responsible agency official who may be contacted for 
additional information is Fred Pietrangeli, Director for Office of Debt 
Management (202) 622-1876.

    Dated: July 10, 2019.
Fred Pietrangeli,
Director (for Office of Debt Management).
[FR Doc. 2019-15013 Filed 7-15-19; 8:45 am]
BILLING CODE 4810-25-M