[Federal Register Volume 61, Number 193 (Thursday, October 3, 1996)]
[Notices]
[Pages 51745-51746]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-25337]


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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. section 10(a)(2), 
that a meeting will be held at the U.S. Treasury Department, 15th and 
Pennsylvania Avenue, N.W., Washington, D.C., on October 30 and 31, 
1996, of the following debt management advisory committee: Public 
Securities Association, Treasury Borrowing Advisory Committee.
    The agenda for the meeting provides for a technical background 
briefing by Treasury staff on October 30, followed by a charge by the 
Secretary of the Treasury or his designate that the committee discuss 
particular issues, and a working session. On October 31, the committee 
will present a written report of its recommendations.
    The background briefing by Treasury staff will be held at 11:30 
a.m. Eastern time on April 30 and will be open to the public. The 
remaining sessions on October 30 and the committee's reporting session 
on October 31 will be closed to the public, pursuant to 5 U.S.C. App 
section 10(d).
    This notice shall constitute my determination, pursuant to the 
authority placed in heads of departments by 5 U.S.C. App. section 10(d) 
and vested in me by Treasury Department Order No. 101-05, that the 
closed portions of the meeting are 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

[[Page 51746]]

closed to the public because the Treasury Department requires frank and 
full advice from representatives of the financial community prior to 
making its final decision 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. section 3.
    Although the Treasury's final announcement of financing plans may 
not reflect the recommendations provided in reports of the advisory 
committee, premature disclosure of the committee's deliberations and 
reports would be likely to lead to significant financial speculation in 
the securities market. Thus, these meetings fall within the exemption 
covered by 5 U.S.C. section 552b(c)(9)(A).
    The Office of the Assistant Secretary for Financial Markets 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 552b.
Darcy Bradbury,
Assistant Secretary, Financial Markets.
[FR Doc. 96-25337 Filed 10-2-96; 8:45 am]
BILLING CODE 4810-25-M