30-day FR Notice

2017-24705.pdf

46 CFR Part 525 - Marine Terminal Operator Schedules and Related Form FMC-1

30-day FR Notice

OMB: 3072-0061

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Federal Register / Vol. 82, No. 219 / Wednesday, November 15, 2017 / Notices
NOTIFICATION PROCEDURES:

Direct inquiries as to whether this
system contains a record pertaining to
an individual to the Privacy Act Officer,
Federal Housing Finance Agency, 400
7th Street SW., Washington, DC 20219,
or privacy@fhfa.gov in accordance with
the procedures set forth in 12 CFR part
1204.
EXEMPTIONS PROMULGATED FOR THE SYSTEM:

None.
HISTORY:

This is a new system therefore there
is no history.
Dated: November 9, 2017.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2017–24727 Filed 11–14–17; 8:45 am]
BILLING CODE 8070–01–P

FEDERAL MARITIME COMMISSION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
Federal Maritime Commission.
Notice.

AGENCY:
ACTION:

The Federal Maritime
Commission (Commission) is giving
public notice that the agency has
submitted to the Office of Management
and Budget (OMB) for approval the
continuing information collections
(extensions with no changes) described
in this notice. The public is invited to
comment on the proposed information
collections pursuant to the Paperwork
Reduction Act of 1995.
DATES: Written comments must be
submitted at the addresses below on or
before December 15, 2017 to be assured
of consideration.
ADDRESSES: Comments should be
addressed to:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Shannon Joyce,
Desk Officer for Federal Maritime
Commission, 725 17th Street NW.,
Washington, DC 20503, OIRA_
Submission@OMB.EOP.GOV, Fax
(202) 395–5167.
and to:
Karen V. Gregory, Managing Director,
Office of the Managing Director,
Federal Maritime Commission, 800
North Capitol Street NW.,
Washington, DC 20573, Telephone:
(202) 523–5800, omd@fmc.gov.
Please send separate comments for
each specific information collection
listed below, and reference the

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SUMMARY:

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information collection’s title and OMB
number in your comments.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission(s) may be
obtained by contacting Donna Lee at
202–523–5800 or email: omd@fmc.gov.
SUPPLEMENTARY INFORMATION:
Request for Comments
Pursuant to the Paperwork Reduction
Act of 1995 (Pub. L. 104–13), the
Commission invites the general public
and other Federal agencies to comment
on proposed information collections. On
July 11, 2017, the Commission
published a notice and request for
comments in the Federal Register (82
FR 31972) regarding the agency’s
request for continued approval from
OMB for information collections as
required by the Paperwork Reduction
Act of 1995. The Commission received
no comments on any of the requests for
extensions of OMB clearance. The
Commission has submitted the
described information collections to
OMB for approval.
In response to this notice, comments
and suggestions should address one or
more of the following points: (1) The
necessity and utility of the proposed
information collection for the proper
performance of the agency’s functions;
(2) the accuracy of the estimated
burden; (3) ways to enhance the quality,
utility, and clarity of the information to
be collected; and (4) the use of
automated collection techniques or
other forms of information technology to
minimize the information collection
burden.
Information Collections Open for
Comment
Title: 46 CFR part 525—Marine
Terminal Operator Schedules and
Related Form FMC–1.
OMB Approval Number: 3072–0061
(Expires December 31, 2017).
Abstract: Section 8(f) of the Shipping
Act of 1984, 46 U.S.C. 40501(f),
provides that a marine terminal operator
(MTO) may make available to the public
a schedule of its rates, regulations, and
practices, including limitations of
liability for cargo loss or damage,
pertaining to receiving, delivering,
handling, or storing property at its
marine terminal. The Commission’s
rules governing MTO schedules are set
forth at 46 CFR part 525.
Current Actions: There are no changes
to this information collection, and it is
being submitted for extension purposes
only.
Type of Review: Extension.
Needs and Uses: The Commission
uses information obtained from Form

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52905

FMC–1 to determine the organization
name, organization number, home office
address, name and telephone number of
the firm’s representatives and the
location of MTO schedules of rates,
regulations and practices, and
publisher, should the MTOs determine
to make their schedules available to the
public, as set forth in section 8(f) of the
Shipping Act.
Frequency: This information is
collected prior to an MTO’s
commencement of its marine terminal
operations.
Type of Respondents: Persons
operating as MTOs.
Number of Annual Respondents: The
Commission estimates the respondent
universe at 8, of which 5 opt to make
their schedules available to the public.
Estimated Time Per Response: The
time per response for completing Form
FMC–1 averages 0.5 hours, and an
estimated 5 hours for completing related
MTO schedules.
Total Annual Burden: The
Commission estimates the total hour
burden at 44 hours.
Title: 46 CFR part 520—Carrier
Automated Tariffs and Related Form
FMC–1.
OMB Approval Number: 3072–0064
(Expires December 31, 2017).
Abstract: Except with respect to
certain specified commodities, section
8(a) of the Shipping Act of 1984, 46
U.S.C. 40501(a)–(c), requires that each
common carrier and conference shall
keep open to public inspection, in an
automated tariff system, tariffs showing
its rates, charges, classifications, rules,
and practices between all ports and
points on its own route and on any
through transportation route that has
been established. In addition, individual
carriers or agreements among carriers
are required to make available in tariff
format certain enumerated essential
terms of their service contracts. 46
U.S.C. 40502. The Commission is
responsible for reviewing the
accessibility and accuracy of automated
tariff systems, in accordance with its
regulations set forth at 46 CFR part 520.
Current Actions: There are no changes
to this information collection, and it is
being submitted for extension purposes
only.
Type of Review: Extension.
Needs and Uses: The Commission
uses information obtained from Form
FMC–1 to ascertain the location of
common carrier and conference tariff
publications, and to access their
provisions regarding rules, rates,
charges and practices.
Frequency: This information is
collected when common carriers or
conferences publish tariffs.

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Federal Register / Vol. 82, No. 219 / Wednesday, November 15, 2017 / Notices

Type of Respondents: Persons
desiring to operate as common carriers
or conferences.
Number of Annual Respondents: The
Commission estimates there are 5,365
Carrier Automated Tariffs. It is
estimated that the number of annual
respondents will be 1,425.
Estimated Time Per Response: The
time per response ranges from 0.1 to 2
hours for reporting and recordkeeping
requirements contained in the rules, and
0.5 hours for completing Form FMC–1.
Total Annual Burden: The
Commission estimates the total hour
burden at 2,408 hours.

Synopsis: The agreement authorizes
the parties to charter space from one
another in the trade between the U.S.
East and Gulf Coast on the one hand,
and certain countries in Africa on the
other hand.
Dated: November 9, 2017.
By Order of the Federal Maritime
Commission.
JoAnne D. O’Bryant,
Program Analyst.
[FR Doc. 2017–24708 Filed 11–14–17; 8:45 am]
BILLING CODE 6731–AA–P

I. Supplementary Information
Private Sector Adjustment Factor,
Priced Services Cost Recovery, and
Overview of 2017 Price Changes

FEDERAL RESERVE SYSTEM

JoAnne D. O’ Bryant,
Program Analyst.

[Docket No. OP–1583]

[FR Doc. 2017–24705 Filed 11–14–17; 8:45 am]

Federal Reserve Bank Services

BILLING CODE 6731–AA–P

Board of Governors of the
Federal Reserve System.
ACTION: Notice.
AGENCY:

FEDERAL MARITIME COMMISSION
Notice of Agreement Filed
The Commission hereby gives notice
of the filing of the following agreement
under the Shipping Act of 1984.
Interested parties may submit comments
on the agreement to the Secretary,
Federal Maritime Commission,
Washington, DC 20573, within twelve
days of the date this notice appears in
the Federal Register. A copy of the
agreement is available through the
Commission’s Web site (www.fmc.gov)
or by contacting the Office of
Agreements at (202) 523–5793 or
tradeanalysis@fmc.gov.
Agreement No.: 201236.
Title: MACS–CSAL Shipping
Agreement.
Parties: MACS Maritime Carrier
Shipping Pte. Ltd. and CSAL CanadaStates-Africa Line Inc.
Filing Party: Steven B. Chameides;
Foley & Lardner LLP; 3000 K Street
NW.; Washington, DC 20007.

Lawrence Mize, Deputy Associate
Director, (202) 452–5232; Max
Sinthorntham, Senior Financial Analyst,
(202) 452–2864, Division of Reserve
Bank Operations and Payment Systems.
For users of Telecommunications
Device for the Deaf (TDD) only, please
call (202) 263–4869. Copies of the 2018
fee schedules for the check service are
available from the Board, the Federal
Reserve Banks, or the Reserve Banks’
financial services Web site at
www.frbservices.org.

The Board of Governors of the
Federal Reserve System (Board) has
approved the private sector adjustment
factor (PSAF) for 2018 of $18.9 million
and the 2018 fee schedules for Federal
Reserve priced services and electronic
access. These actions were taken in
accordance with the Monetary Control
Act of 1980, which requires that, over
the long run, fees for Federal Reserve
priced services be established on the
basis of all direct and indirect costs,
including the PSAF.
DATES: The new fee schedules become
effective January 2, 2018.
FOR FURTHER INFORMATION CONTACT: For
questions regarding the fee schedules:
David C. Mills, Deputy Associate
Director, (202) 530–6265; Emily
Massaro, Financial Services Analyst,
(202) 452–2493, Division of Reserve
Bank Operations and Payment Systems.
For questions regarding the PSAF:
SUMMARY:

A. Overview—Each year, as required
by the Monetary Control Act of 1980,
the Reserve Banks set fees for priced
services provided to depository
institutions. These fees are set to
recover, over the long run, all direct and
indirect costs and imputed costs,
including financing costs, taxes, and
certain other expenses, as well as the
return on equity (profit) that will have
been earned if a private business firm
provided the services. The imputed
costs and imputed profit are collectively
referred to as the private-sector
adjustment factor (PSAF). From 2007
through 2016, the Reserve Banks
recovered 101.8 percent of their total
expenses (including imputed costs) and
targeted after-tax profits or return on
equity (ROE) for providing priced
services.1
Table 1 summarizes 2016 actual, 2017
estimated, and 2018 budgeted costrecovery rates for all priced services.
Cost recovery is estimated to be 102.6
percent in 2017 and budgeted to be
100.0 percent in 2018.

TABLE 1—AGGREGATE PRICED SERVICES PRO FORMA COST AND REVENUE PERFORMANCE a
[Dollars in millions]

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Year

Revenue

Total expense

Net income
(ROE)

Targeted ROE

Recovery rate
after targeted
ROE
(%)

1b

2c

3
[1¥2]

4d

5e
[1/(2 + 4)]

2016 (actual) ..........................................
2017 (estimate) ......................................

434.1
442.3

1 The 10-year recovery rate is based on the pro
forma income statements for Federal Reserve priced
services published in the Board’s Annual Report.
Effective December 31, 2006, the Reserve Banks
implemented Statement of Financial Accounting
Standards (SFAS) No. 158: Employers’ Accounting

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410.5
426.3

23.7
16.0

for Defined Benefit Pension and Other
Postretirement Plans [Accounting Standards
Codification (ASC) 715 Compensation—Retirement
Benefits], which resulted in recognizing a
cumulative reduction in equity related to the priced
services’ benefit plans. Including this cumulative

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4.1
4.6

104.7
102.6

reduction in equity from 2007 to 2016 results in
cost recovery of 95.6 percent for the ten-year period.
This measure of long-run cost recovery is also
published in the Board’s Annual Report.

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