[Federal Register Volume 82, Number 73 (Tuesday, April 18, 2017)]
[Notices]
[Page 18344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-07418]


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TREASURY DEPARTMENT


Debt Management Advisory Committee Meeting

    Notice is hereby given, pursuant to 5 U.S.C. app. 2, section 
10(a)(2), that a meeting will be held at the Hay-Adams Hotel, 16th 
Street and Pennsylvania Avenue NW., Washington, DC, on May 2, 2017 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, 
section 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, 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 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 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 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: April 7, 2017.
Fred Pietrangeli,
Director (for Office of Debt Management).
[FR Doc. 2017-07418 Filed 4-17-17; 8:45 am]
 BILLING CODE 4810-25-M