[Federal Register Volume 69, Number 75 (Monday, April 19, 2004)]
[Notices]
[Pages 20962-20963]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-8771]


=======================================================================
-----------------------------------------------------------------------

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 and Pennsylvania 
Avenue, NW., Washington, DC, on May 4, 2004 at 10 a.m. of the following 
debt management advisory committee: Treasury Borrowing Advisory 
Committee of The Bond Market Association (``Committee'').
    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, 
10(d) and Pub. L. 103-202, section 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

[[Page 20963]]

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 Pub. L. 103-202, section 
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 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. 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. 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. 552(b). The Designated Federal 
Officer or other responsible agency official who may be contacted for 
additional information is Tim Bitsberger, Deputy Assistant Secretary, 
Federal Finance, at (202) 622-2245.

    Dated: April 14, 2004.
Brian C. Roseboro,
Assistant Secretary, Financial Markets.
[FR Doc. 04-8771 Filed 4-16-04; 8:45 am]
BILLING CODE 4810-25-M