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Committee Detail

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.


TRES - 1256 - Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association - Agency Authority
Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameTreasury Borrowing Advisory Committee of The Securities Industry and Financial Markets AssociationAgency NameDepartment of the Treasury
Fiscal Year2020Committee Number1256
Original Establishment Date10/6/1972Committee StatusChartered
Actual Termination Date Committee URLhttps://home.treasury.gov/policy-issues/financi...
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*Unlimited
Current Charter Date4/22/2019Designated Fed Officer Position Title*Director, Office of Debt Management
Date Of Renewal Charter4/22/2021Designated Federal Officer PrefixMr.
Projected Termination Date Designated Federal Officer First Name*Fred
Exempt From Renewal*NoDesignated Federal Officer Middle Name
Specific Termination Authority5 U.S.C. APP. I P.L. 92-463Designated Federal Officer Last Name*Pietrangeli
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*5 U.S.C. APP. I P.L. 92-463Designated Federal Officer Phone*(202) 622-1876
Effective Date Of Authority*10/6/1972Designated Federal Officer Fax*202-622-0244
Exempt From EO 13875 Discretionary CmteNot ApplicableDesignated Federal Officer Email*fred.pietrangeli@treasury.gov
Committee Type*Continuing
Presidential*No
Committee Function*Non Scientific Program Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredNo
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The Committee meets on a quarterly basis to provide advice on government financing. It draws on the experience of its members and the resources of the members' firms. The Committee submits a report to the Secretary outlining the views of the financial community on the state of the economy, the Committee’s views on how to best meet the government’s financing needs, and answers to questions posed by Treasury officials.
How is membership balanced?*The Committee is composed of participants in the government securities markets including institutional investors and security dealers.
How frequent & relevant are cmte mtgs?*The Committee meets at the request of the Secretary of the Treasury, generally immediately prior to each of the Treasury's mid-calendar quarter refinancing operations. Committee reports are released to the public the morning after each meeting.
Why advice can't be obtained elsewhere?*The Committee is unique in its expertise in the government securities market.
Why close or partially close meetings?The committee meetings are closed to the public under 5 USC 552b c (9) (A). Committee discussion could lead to undue speculation in the securities markets if held in public.
Recommendation RemarksNA
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentNoAction Reallocate ResourcesNo
Outcome Major Policy ChangesNoAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryNoAction OtherYes
Outcome Increased Customer SatisfactionNoAction CommentAs noted above, Treasury takes into account the views of the committee when setting the frequency, maturity and sizes of Treasury security auctions. The TBAC recommendations are not binding on Treasury, only advisory.
Outcome Implement Laws/Reg RequirementsNoGrants Review*No
Outcome OtherYesNumber Of Grants Reviewed0
Outcome CommentThe committee's advice helps Treasury develop borrowing plans that maintain the confidence of the global financial community. This confidence translates into low cost financing over time by providing deep and consistent demand for Treasury securities.Number Of Grants Recommended0
Cost Savings*Unable to DetermineDollar Value Of Grants Recommended$0.00
Cost Savings CommentSince our operations are large enough to change interest rates, we cannot use market measures of existing rates to benchmark our performance.Grants Review CommentNA
Number Of Recommendations*152Access Contact Designated Fed. Officer*No
Number Of Recommendations CommentThe committee meets 4 times a year to provide recommendations based on questions submitted to it by the Treasury. Since 1982, the committee has made 152 recommendations.Access Agency WebsiteYes
% of Recs Fully Implemented*45.00%Access Committee WebsiteYes
% of Recs Fully Implemented CommentThe value of the committee is in its weighing of the pros and cons of possible policy actions rather than its recommendations.Access GSA FACA WebsiteYes
% of Recs Partially Implemented*0.00%Access PublicationsNo
% of Recs Partially Implemented CommentThe value of the committee is in its weighing of the pros and cons of possible policy actions rather than its recommendations.Access OtherNo
Agency Feedback*YesAccess CommentAll committee reports, presentations and minutes are available at: http://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/Pages/default.aspx
Agency Feedback Comment*Following each meeting, Treasury releases the minutes of the committee meeting, the committee's report to the Secretary of the Treasury, and a statement of the actions that Treasury is taking. This statement provides the committee with Treasury's responses to the committee's advice.Narrative Description*The Committee provides Treasury with expert advice on the consequences of Treasury's financing decisions on financial markets. The committee's composition, of both financial intermediaries and large investors, ensures that Treasury receives a wide range of views on how it should best meet its objective of lowest cost financing over time.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members*$0.00Est Payments to Non-Fed Members Next FY*$0.00
Payments to Federal Members*$0.00Est. Payments to Fed Members Next FY*$0.00
Payments to Federal Staff*$14,200.00Estimated Payments to Federal Staff*$14,200.00
Payments to Consultants*$0.00Est. Payments to Consultants Next FY*$0.00
Travel Reimb. For Non-Federal Members*$0.00Est Travel Reimb Non-Fed Members nextFY*$0.00
Travel Reimb. For Federal Members*$0.00Est Travel Reimb For Fed Members*$0.00
Travel Reimb. For Federal Staff*$0.00Est. Travel Reimb to Fed Staff Next FY*$0.00
Travel Reimb. For Consultants*$0.00Est Travel Reimb to Consultants Next FY*$0.00
Other Costs$0.00Est. Other Costs Next FY*$0.00
Total Costs$14,200.00Est. Total Next FY*$14,200.00
Federal Staff Support (FTE)*0.10Est. Fed Staff Support Next FY*0.10
Cost Remarks0.1 of a GS15 or $14,200Est Cost Remarks0.1 of a GS15 or $14,200
Hide Section - Interest Areas

Interest Areas

Category
Area
Finance
Banking
Credit
Finance
Investment
Securities
Government
Federal Government
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

No Documents Found
Hide Section - DATA FROM PREVIOUS YEARS

DATA FROM PREVIOUS YEARS

Committee

Data from Previous Years

 
ActionCommittee System IDCommittee NameFiscal Year
 COM-035143Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association2019
 COM-032572Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association2018
 COM-002134Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association2017
 COM-002147Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association2016
 COM-004252Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association2015
 COM-004612Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association2014
 COM-006359Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association2013
 COM-007396Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association2012
 COM-008488Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association2011
 COM-008893Advisory Committee of the Securities Industry and Financial Markets Association2010
 COM-010499Advisory Committee of the Securities Industry and Financial Markets Association2009
 COM-010866Advisory Committee of the Securities Industry and Financial Markets Association2008
 COM-012380Advisory Committee of the Securities Industry and Financial Markets Association2007
 COM-012717Treasury Borrowing Advisory Committee of the Bond Market Association2006
 COM-014234Treasury Borrowing Advisory Committee of the Bond Market Association2005
 COM-015161Treasury Borrowing Advisory Committee of the Bond Market Association2004
 COM-015978Treasury Borrowing Advisory Committee of the Bond Market Association2003
 COM-016254Treasury Borrowing Advisory Committee of the Bond Market Association2002
 COM-017812Treasury Borrowing Advisory Committee of the Bond Market Association2001
 COM-018453Treasury Borrowing Advisory Committee of the Bond Market Association2000
 COM-019793Treasury Borrowing Advisory Committee of the Bond Market Association1999
 COM-020102Treasury Borrowing Advisory Committee of the Bond Market Association1998
 COM-021801Treasury Borrowing Advisory Committee of the Public Securities Association1997