Department of the Treasury – Budget in Brief 

Office of Financial Research 

Program Summary by Budget Activity 

Dollars in Thousands 

 FY 2017 FY 2018 FY 2019 FY 2018 to FY 2019 

 Actual Estimated Estimated Change % Change 

Data Center $12,833 $16,348 $15,346 ($1,002) -6.13% 

Technology Center $29,235 $25,935 $22,325 ($3,610) -13.92% 

Research Center $15,605 $15,185 $13,465 ($1,720) -11.33% 

Operations and Support Services $26,533 $25,503 $24,135 ($1,368) -5.36% 

Total Cost of Operations $89,206 $82,971 $75,271 ($7,700) -9.28% 

Total FTE 219 190 140 (50) -26.32% 

Summary 

The Office of Financial Research (OFR or 

Office) resides within the Department of the 

Treasury. In carrying out its mission, the OFR 

seeks to achieve its vision of a transparent, 

efficient, and stable financial system. The 

OFR’s work contributes to making informed 

and comprehensive policies and taking actions 

that will strengthen the financial system. The 

Office monitors the financial environment for 

the emergence of new vulnerabilities and 

migration of financial activity that could 

threaten financial stability. 

To align with the Administration’s initiative to 

improve government efficiency and 

effectiveness, the OFR is implementing a 

staffing streamlining effort to ensure 

appropriate levels for maximum efficiency. 

OFR FY 2019 Budget Highlights 

Dollars in Thousands

Office of Financial Research FTE Amount 

FY 2018 Estimated 190 $82,971 

Changes to Base: 

Total FY 2019 Base 190 $82,971 

Program Changes: 

Program Decreases (50) ($7,700) 

Personnel (50) ($6,571) 

Non-Personnel 0 ($1,129) 

Total FY 2019 Estimated 140 $75,271 

Explanation of Budget Activities 

Data Center ($15,346,000 from 

Assessments) 

As required by statute, the Data Center, on 

behalf of the Council, collects, validates, and 

maintains all data necessary to carry out the 

Center’s duties. Under this mandate, the Data 

Center works to increase efficiency in data 

acquisition and management; reduce redundant 

reporting requirements across the regulatory 

system (including through more effective datasharing arrangements); and to ensure the 

security of sensitive data. 

Technology Center ($22,325,000 from 

Assessments) 

The Technology Center provides missioncritical analytic services to support the OFR’s 

work with complex, sensitive financial data 

and the Office’s research and analysis 

activities. In addition, the Technology Center 

is responsible for safeguarding data and 

systems, and managing all IT capabilities 

within the OFR. These responsibilities include 

computing and analytic platforms, software, 

telecommunications, client applications, and 

office automation solutions. 

Research and Analysis ($13,465,000 from 

Assessments) 

The Research and Analysis Center conducts 

research and analysis on systemic risk, 

macroprudential policy, and financial stability. 
Department of the Treasury – Budget in Brief 

Working closely with the Financial Stability 

Oversight Council, Treasury, other key 

stakeholders, the Financial Research Advisory 

Council, and experts from around the globe, 

the OFR collaboratively identifies important 

issues that need to be addressed, and focuses 

its resources to deliver impactful results in 

areas such as a London Interbank Offered Rate 

(LIBOR) alternative and a multi-factor 

approach for determining bank regulatory 

thresholds. 

Operations and Support Services 

($24,135,000 from Assessments) 

This category contains the activities of the 

Director’s Office, Operations, External 

Affairs, and Chief Counsel. The category 

includes support provided through a shared 

services model and reimbursable arrangements 

with Treasury’s Departmental Offices; 

personnel benefits services from the Office of 

the Comptroller of the Currency; and services 

from Treasury’s Bureau of the Fiscal Service 

Administrative Resource Center, including 

services related to human resources, 

procurement, travel, and financial 

management. 

OFR Performance by Budget Activity 

FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

Budget Activity Performance Measures Actual Actual Actual Target Target

Data Center Number of LEIs Issued Cumulatively in the 

United States and Internationally 395,861 464,492 587,941 I I

Data Center

Number of Times That Data Standards 

Related are Incorporated in Rules and 

Regulations

2 9 4 I I

Research and 

Analysis Center

Number of Research and Analysis 

Publications Made Public Year-to-Date 11 34 20 DISC DISC

Research and 

Analysis Center 

Financial Stability Monitoring Services and 

Products Provided N/A N/A 33 DISC DISC

Research and 

Analysis Center

Number of Monitor Editions Policy Analyses, 

and Dashboards Produced for Monitoring 

Threats to Financial Stability

21 34 DISC DISC DISC

Key: DISC – Discontinued; I-Indicator

Description of Performance 

The OFR assesses its performance measures 

annually and revises them, if appropriate, to 

ensure their continued usefulness for 

management decision-making and improved 

results.