[Federal Register Volume 87, Number 69 (Monday, April 11, 2022)]
[Notices]
[Pages 21264-21265]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-07664]


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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 be held at the United States Treasury Department, 15th 
Street and Pennsylvania Avenue NW, Washington, DC on May 3, 2022 at 
9:00 a.m. of the following debt management advisory committee: Treasury 
Borrowing Advisory Committee.
    At this meeting, the Treasury is seeking advice from the Committee 
on topics related to the economy, financial markets, Treasury 
financing, and debt management. 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, 202(c)(1)(B)(31 U.S.C. 3121 note).

[[Page 21265]]

    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, 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 
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.

    Dated: April 6, 2022.
Frederick E. Pietrangeli,
Director, Office of Debt Management.
[FR Doc. 2022-07664 Filed 4-8-22; 8:45 am]
BILLING CODE 4810-25-P