Created under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), the Office of Financial Research (OFR) is a department within the US Department of the Treasury. The director of the OFR is appointed by the President, subject to the confirmation of the US Senate, and is a non-voting member of the Financial Stability Oversight Council (FSOC). The purpose of the OFR is to support the FSOC by collecting data, standardizing data forms and types, performing research, developing risk measurement and monitoring tools, performing other related services, and making the results of these activities available to other regulatory agencies.

For more information on the OFR and the Dodd-Frank Act generally, see Practice Notes, Summary of the Dodd-Frank Act: Regulatory Structure and Road Map to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.