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Financial Stability Act of 2010

A law passed after the 2008 financial crisis that established agencies like the OFR and FSOC to monitor and mitigate risks to the U.S. financial system.

Office of Financial Research (OFR)

An independent office within the U.S. Treasury Department that collects and analyzes financial data to support the Financial Stability Oversight Council and other financial regulators.

Financial Stability Oversight Council (FSOC)

A council of financial regulators (like the Treasury Secretary, Federal Reserve Chair, etc.) tasked with identifying risks to the financial stability of the United States and coordinating responses among its member agencies.

Full-time equivalent positions

A way to measure the total number of hours worked by employees, where one full-time equivalent equals one person working full-time for a year. It can represent one full-time employee or multiple part-time employees whose hours add up to a full-time schedule.

Employment Cost Index (ECI)

A measure published by the federal government that tracks changes in the costs of wages, salaries, and employer-provided benefits for workers, often used as an indicator of inflation.

Committees on Appropriations

Committees in both the House of Representatives and the Senate responsible for allocating federal funds to various government agencies and programs.