[Federal Register Volume 85, Number 72 (Tuesday, April 14, 2020)]
[Notices]
[Pages 20809-20810]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07838]


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DEPARTMENT OF THE TREASURY


Debt Management Advisory Committee Meeting

    Notice is hereby given, pursuant to 5 U.S.C. App. 2, 10(a)(2), that 
a meeting will take place via conference call on May 5, 2020 at 9:00 
a.m. of the following debt management advisory committee:

    Treasury Borrowing Advisory Committee of The Securities Industry 
and Financial Markets Association.

    At this meeting, the Committee will consider the effects of the 
COVID-19 outbreak and associated policy response on Treasury borrowing. 
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, 
Sec.  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,Sec.  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

[[Page 20810]]

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).
    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.

Frederick E. Pietrangeli,
Director (for Office of Debt Management).
[FR Doc. 2020-07838 Filed 4-13-20; 8:45 am]
 BILLING CODE 4810-25-P