[Federal Register Volume 81, Number 135 (Thursday, July 14, 2016)]
[Notices]
[Page 45597]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16509]


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DEPARTMENT OF THE TREASURY


Debt Management Advisory Committee Meeting

    Notice is hereby given, pursuant to 5 U.S.C. 2, 10(a)(2), that a 
meeting will be held at the Hay-Adams Hotel, 16th Street and 
Pennsylvania Avenue NW., Washington, DC on August 2, 2016 at 11:30 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. 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. 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. 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 7, 2016.
Fred Pietrangeli,
Director, Office of Debt Management.
[FR Doc. 2016-16509 Filed 7-13-16; 8:45 am]
BILLING CODE 4810-25-M