[Federal Register Volume 87, Number 150 (Friday, August 5, 2022)]
[Notices]
[Pages 48072-48073]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-16813]


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DEPARTMENT OF THE TREASURY


Financial Research Advisory Committee

AGENCY: Office of Financial Research, Treasury.

ACTION: Financial Research Advisory Committee-Solicitation of 
applications for committee membership.

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SUMMARY: The Office of Financial Research is soliciting applications 
for membership on its Financial Research Advisory Committee.

FOR FURTHER INFORMATION CONTACT: Melissa Avstreih, Designated Federal 
Officer, Office of Financial Research, Department of The Treasury, 
(202) 425-2483.

SUPPLEMENTARY INFORMATION: Pursuant to the Federal Advisory Committee 
Act, (Pub. L. 92-463, 5 U.S.C. app. 2 1-16, as amended), the Treasury 
Department established a Financial Research Advisory Committee (FRAC, 
or Committee) to provide advice and recommendations to the Office of 
Financial Research (OFR) and to assist the OFR in carrying out its 
duties and authorities.

(I) Authorities of the OFR

Background

    The OFR was established under Title I of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (Pub. L. 111-203, July 21, 2010). 
The purpose of the OFR is to support the Financial Stability Oversight 
Council (Council) in fulfilling the purposes and duties of the Council 
and to support the Council's member agencies by:

--Collecting data on behalf of the Council, and providing such data to 
the Council and member agencies;
--Standardizing the types and formats of data reported and collected;
--Performing applied research and essential long-term research;
--Developing tools for risk measurement and monitoring;
--Performing other related services;
--Making the results of the activities of the OFR available to 
financial regulatory agencies; and
--Assisting such member agencies in determining the types and formats 
of data authorized by the Dodd-Frank Act to be collected by such member 
agencies.

(II) Scope and Membership of the FRAC

    The FRAC was established to advise the OFR on issues related to the 
responsibilities of the office. It may provide its advice, 
recommendations, analysis, and information directly to the OFR and the 
OFR may share the Committee's advice and recommendations with the 
Secretary of the Treasury or other Treasury officials. The OFR will 
share information with the Committee as the OFR Director determines 
will be helpful in allowing the FRAC to carry out its role.
    The FRAC is an advisory committee that was originally established 
on April 6, 2012. Its charter was renewed several times, most recently 
on January 26, 2022. The OFR is currently soliciting applications for 
membership in order to provide for rotation of membership, as provided 
in its original and current charter, as well as to provide for a 
diverse and balanced body with a variety of interests, backgrounds, and 
viewpoints represented. Providing for such diversity enhances the views 
and advice offered by the FRAC.

(II) Application for Advisory Committee Appointment

    Treasury seeks applications from individuals representative of a 
constituency within the fields of economics, financial institutions and 
markets, statistical analysis, financial markets analysis, 
econometrics, applied sciences, risk management, data management, 
information standards, technology, or other areas related to OFR's 
duties and authorities. The terms of members chosen to serve are 
typically three years. No member of the Committee serving in their 
individual capacity (as opposed to those members specifically appointed 
to represent the interests of a nongovernmental entity, a recognizable 
group of persons, or nongovernmental entities) may be a Federally-
registered lobbyist.

[[Page 48073]]

Membership on the Committee is limited to the individuals appointed and 
is non-transferrable. Regular attendance is essential to the effective 
operation of the Committee. Some members of the Committee may be 
required to adhere to the conflict of interest rules applicable to 
Special Government Employees, as such employees are defined in 18 
U.S.C. 202(a). These rules include relevant provisions in 18 U.S.C. 
related to criminal activity, Standards of Ethical Conduct for 
Employees of the Executive Branch (5 CFR part 2635), and Executive 
Order 12674 (as modified by Executive Order 12731).
    To apply, an applicant must submit an appropriately detailed resume 
and a cover letter describing their interest, reasons for application, 
and qualifications. In accordance with Department of Treasury Directive 
21-03, a clearance process includes criminal and subversive name checks 
or fingerprint checks with the Federal Bureau of Investigation for 
proposed advisory committee members, as well as pre-appointment tax 
checks with the Internal Revenue Service for all proposed and 
reappointed members.
    The application period for interested candidates will close on 
September 9, 2022. Applications should be submitted in sufficient time 
to be received by the close of business on the closing date and should 
be sent to [email protected].

    Dated: August 2, 2022.
Emily Anderson,
Acting Deputy Director of Operations.
[FR Doc. 2022-16813 Filed 8-4-22; 8:45 am]
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