Official Staff Commentary
What it is:
An official staff commentary is a set of written answers from the Federal Reserve or the Treasury department regarding various interpretations and regulatory guidance on a myriad of topics.
How it works/Example:
The Federal Reserve provides official staff commentaries when addressing new regulations and interpretations of regulations and offering guidelines to consumers and institutions.
Why it matters:
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.