What is Official Staff Commentary?
An official staff commentary is a set of written answers from the Federal Reserve or the Treasury department regarding various interpretations and regulatory on a myriad of topics.
How Does Official Staff Commentary Work?
The Federal Reserve provides official staff commentaries when addressing new regulations and interpretations of regulations and guidelines to consumers and institutions.
Why Does Official Staff Commentary Matter?
Official staff commentary from the Federal Reserve is similar to an official explanation of a topic. Often the commentary contains definitions of terms. For an example from the Federal Reserve Board.