The Office of Financial Research (OFR) is an independent bureau reporting to the United States Department of the Treasury.

It was established by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession.

The director, in consultation with the chairman of the FSOC (who is the secretary of the Treasury) proposes the OFR annual budget.

[7] The director has subpoena power and may require from any financial institution (bank or non-bank) any data needed to carry out the functions of the office.

The aim is for users to compare definitions from different industry standards to help identify inconsistencies in financial terms.

Testimony shall be annual on the activities of the Office, including the work of the Data Center and the Research and Analysis Center and the assessment of significant financial and market developments and potential emerging threats to the financial stability of the Country.