^®: CRE Regulatory Action of the Week

OMB Seeks Comment on Revising Policy Governing Release of Economic Indicators
The U.S. Office of Management and Budget requests comments on the continued relevance of one provision within Statistical Policy Directive No. 3: Compilation, Release, and Evaluation of Principal Federal Economic Indicators (50 FR 38932, Sep. 25, 1985) (''Directive No. 3''). OMB seeks comment on the continued relevance of the provision that prohibits employees of the Executive Branch from commenting publicly about the release of PFEIs until at least one hour following their release. In particular, OMB seeks comment on whether advances in information dissemination technology since Directive No. 3's issuance in 1985 could provide for meeting the goals of Directive No. 3 to ensure equitable, policy-neutral, and timely release and dissemination of PFEIs under a shorter time delay, including no time delay at all.