The U.S. Department of the Treasury’s Office of Financial Research, or OFR, has released its inaugural Annual Report to Congress.  Under the Dodd-Frank Act, the OFR must report annually to Congress on threats to the financial stability of the United States; the status of efforts to meet its mission; and key findings from its research and analysis of the financial system.

The report identifies what OFR believes are some of the most significant gaps in the understanding of the financial system and in metrics to quantify financial activity.  The report says these gaps continue to threaten financial stability and describes how the OFR—working with the Financial Stability Oversight Council—is taking the critical first steps to fill them. 

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