DEFINITION of 'Official Staff Commentary'

Commentary published by the Federal Reserve. Official staff commentaries are laid out in a question-and-answer format. They are used by the Federal Reserve Board's Division of Consumer and Community Affairs to provide formal interpretations of regulations.

BREAKING DOWN 'Official Staff Commentary'

For example, an official staff commentary was covered to address Regulation E and electronic transfers of funds (EFTs). Another official staff commentary was issued concerning Regulation Z and consumer credit.

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