2021 60-Day FRN Transit in Parks

Federal Register / Vol. 86, No. 202 / Friday, October 22, 2021 / Notices
information that does not display a
currently valid OMB control number.
Authority: 44 U.S.C. 3501–3520.
Brett A. Jortland,
Deputy Chief Counsel.
[FR Doc. 2021–23104 Filed 10–21–21; 8:45 am]
BILLING CODE 4910–06–P

DEPARTMENT OF TRANSPORTATION
Federal Transit Administration
[FTA Docket No. FTA 2021–0015]

Agency Information Collection Activity
Under OMB Review
AGENCY:

Federal Transit Administration,

DOT.
ACTION:

Notice of request for comments.

In accordance with the
Paperwork Reduction Act of 1995, this
notice announces the intention of the
Federal Transit Administration (FTA) to
request the Office of Management and
Budget (OMB) to approve the extension
of a currently approved information
collection.
DATES: Comments must be submitted
before December 21, 2021.
ADDRESSES: To ensure that your
comments are not entered more than
once into the docket, submit comments
identified by the docket number by only
one of the following methods:
1. Website: www.regulations.gov.
Follow the instructions for submitting
comments on the U.S. Government
electronic docket site. (Note: The U.S.
Department of Transportation’s (DOT’s)
electronic docket is no longer accepting
electronic comments.) All electronic
submissions must be made to the U.S.
Government electronic docket site at
www.regulations.gov. Commenters
should follow the directions below for
mailed and hand-delivered comments.
2. Fax: 202–366–7951.
3. Mail: U.S. Department of
Transportation, 1200 New Jersey
Avenue SE, Docket Operations, M–30,
West Building, Ground Floor, Room
W12–140, Washington, DC 20590–0001.
4. Hand Delivery: U.S. Department of
Transportation, 1200 New Jersey
Avenue SE, Docket Operations, M–30,
West Building, Ground Floor, Room
W12–140, Washington, DC 20590–0001
between 9:00 a.m. and 5:00 p.m.,
Monday through Friday, except federal
holidays.
Instructions: You must include the
agency name and docket number for this
notice at the beginning of your
comments. Submit two copies of your
comments if you submit them by mail.
For confirmation that FTA has received

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SUMMARY:

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your comments, include a selfaddressed stamped postcard. Note that
all comments received, including any
personal information, will be posted
and will be available to internet users,
without change, to www.regulations.gov.
You may review DOT’s complete
Privacy Act Statement in the Federal
Register published April 11, 2000, (65
FR 19477), or you may visit
www.regulations.gov. Docket: For access
to the docket to read background
documents and comments received, go
to www.regulations.gov at any time.
Background documents and comments
received may also be viewed at the U.S.
Department of Transportation, 1200
New Jersey Avenue SE, Docket
Operations, M–30, West Building,
Ground Floor, Room W12–140,
Washington, DC 20590–0001 between
9:00 a.m. and 5:00 p.m., Monday
through Friday, except federal holidays.
FOR FURTHER INFORMATION CONTACT:
Tawanna Glover (202) 493–0229 or
email: Tawanna.Glover@dot.gov.
SUPPLEMENTARY INFORMATION: Interested
parties are invited to send comments
regarding any aspect of this information
collection, including: (1) The necessity
and utility of the information collection
for the proper performance of the
functions of the FTA; (2) the accuracy
of the estimated burden; (3) ways to
enhance the quality, utility, and clarity
of the collected information; and (4)
ways to minimize the collection burden
without reducing the quality of the
collected information. Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval of this
information collection.
Title: 49 U.S.C. Section 5320 Paul S.
Sarbanes Transit in Parks Program
(OMB Number: 2132–0574).
Background: Section 3021 of the Safe,
Accountable, Flexible, Efficient
Transportation Equity Act—A Legacy
for Users (SAFETEA–LU), as amended,
established the Paul S. Sarbanes Transit
in Parks Program (Transit in Parks
Program—49 U.S.C. 5320). The program
was administered by FTA in partnership
with the Department of the Interior
(DOI) and the U.S. Department of
Agriculture’s Forest Service. The
program provided grants to Federal land
management agencies that manage an
eligible area, including but not limited
to the National Park Service, the Fish
and Wildlife Service, the Bureau of
Land Management, the Forest Service,
the Bureau of Reclamation; and State,
tribal and local governments with
jurisdiction over land in the vicinity of
an eligible area, acting with the consent
of a Federal land management agency,

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alone or in partnership with a Federal
land management agency or other
governmental or non-governmental
participant. The purpose of the program
was to provide for the planning and
capital costs of alternative
transportation systems that will enhance
the protection of national parks and
Federal lands; increase the enjoyment of
visitors’ experience by conserving
natural, historical, and cultural
resources; reduce congestion and
pollution; improve visitor mobility and
accessibility; enhance visitor
experience; and ensure access to all,
including persons with disabilities. The
Paul S. Sarbanes Transit in the Parks
program was repealed under the Moving
Ahead for Progress in the 21st Century
Act (MAP–21). However, funding
previously authorized for programs
repealed by MAP–21 remain available
for their originally authorized purposes
until the period of availability expires,
the funds are fully expended, the funds
are rescinded by Congress, or the funds
are otherwise reallocated.
Respondents: Transit agencies, States,
and Metropolitan Planning
Organizations.
Estimated Annual Burden on
Respondents: Approximately 2 hours for
each of the 2 remaining respondents.
Estimated Total Annual Burden: 4
hours.
Estimated Total Burden Cost: $255.32.
Frequency: Annually.
Nadine Pembleton,
Director Office of Management Planning.
[FR Doc. 2021–23065 Filed 10–21–21; 8:45 am]
BILLING CODE P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request; Libor
Self-Assessment
Office of the Comptroller of the
Currency (OCC), Treasury. ACTION:
Notice and request for comment.
SUMMARY: The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on a new information
collection as required by the Paperwork
Reduction Act of 1995 (PRA). In
accordance with the requirements of the
PRA, the OCC may not conduct or
sponsor, and the respondent is not
required to respond to, an information
AGENCY:

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Federal Register / Vol. 86, No. 202 / Friday, October 22, 2021 / Notices

collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number. The OCC is
soliciting comment concerning renewal
of a collection of information titled,
‘‘Libor Self-Assessment.’’
DATES: Comments must be submitted on
or before December 21, 2021.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0349, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0349’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
Following the close of this notice’s
60-day comment period, the OCC will
publish a second notice with a 30-day
comment period. You may review
comments and other related materials
that pertain to this information
collection beginning on the date of
publication of the second notice for this
collection by the method set forth in the
next bullet.
• Viewing Comments Electronically:
Go to www.reginfo.gov. Hover over the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0349’’ or ‘‘Libor SelfAssessment.’’ Upon finding the
appropriate information collection, click
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.

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• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490, Chief Counsel’s Office,
Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501–3520), Federal
agencies must obtain approval from the
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of title 44 requires Federal
agencies to provide a 60-day notice in
the Federal Register concerning each
proposed collection of information,
including each renewal of an existing
collection of information, before
submitting the collection to OMB for
approval. To comply with this
requirement, the OCC is publishing
notice of the renewal of the collection
of information set forth in this
document, which was approved on an
emergency basis.
Title: Libor Self-Assessment.
OMB Control No.: 1557–0349.
Type of Review: Regular.
Description: The expected cessation of
the London InterBank Offered Rate
(Libor) prompted the OCC to create a
self-assessment tool for banks to use in
preparing for the expected Libor
cessation. The self-assessment tool may
be used in assessing the appropriateness
of a bank’s Libor transition plan, the
execution of the plan by its
management, and related matters.
The Intercontinental Exchange Libor
is a reference rate that is intended to
reflect the cost of unsecured interbank
borrowing. Libor is published daily in
five currencies with seven maturities
ranging from overnight to 12 months. It
is used globally in the over-the-counter
derivatives market, bonds, loan
products, and securitizations. As of the
end of 2020, $223 trillion of financial
instruments were exposed to U.S. dollar
(USD) Libor as the primary reference
rate.1
While certain reference rates have
ceased to be reported in the past, the
significant exposure of the financial
markets to Libor creates the need for
banks to assess whether they are
1 https://www.newyorkfed.org/medialibrary/
Microsites/arrc/files/2021/USD-LIBOR-transitionprogress-report-mar-21.pdf.

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identifying applicable risks, preparing
for Libor cessation, and successfully
transitioning to replacement reference
rates. Libor is referenced globally, and
its cessation could affect banks of all
sizes through direct or indirect
exposure.
There is risk of market disruptions,
litigation, and destabilized balance
sheets if acceptable replacement rates
do not attract sufficient market-wide
acceptance or if contracts cannot
seamlessly transition to new rates. A
bank’s risk exposure from expected
Libor cessation depends on the bank’s
specific circumstances. Many
community banks may not offer
products or services that use Libor.
However, community banks could have
Libor exposure in positions such as
Federal Home Loan Bank (FHLB)
borrowings, mortgage-backed securities,
or bonds in the banks’ investment
portfolios.
Libor exposure can exist in all
product categories and lines of business,
both on or off the balance sheet, and in
asset management activities. Risk can
also emanate from third-party
relationships because Libor is often
used in pricing models, financial
models, and in other parts of banks’
infrastructure, such as core processing.
The ubiquity of Libor, present in over
$200 trillion notional contracts, makes
moving off the rate incredibly
complicated. Many existing contracts do
not include sufficient provisions if Libor
becomes unavailable (known as fallback
provisions). Without adequate
preparation, Libor cessation could cause
market disruption and present risks to
banks and their customers. In addition,
fallback provision language does not
sufficiently account for a permanent
cessation of Libor. The Federal banking
agencies published a statement
communicating that banks should
discontinue entering into contracts that
use USD Libor as a reference rate as
soon as practicable and in any event by
the end of 2021 (with a few exceptions
for orderly market support).2
Given that the OCC expects banks to
discontinue making Libor loans by the
end of 2021, the prevalence of Libor,
and the remaining work to be done
within the timeframe described above,
the OCC is making this self-assessment
tool available to banks, due to the
immediate need and the brief duration
of use, to help banks prepare for Liborrelated risk.
Banks may use the self-assessment to
determine whether they have risk
management processes in place to
2 https://www.occ.gov/news-issuances/bulletins/
2020/bulletin-2020-104.html#ft1.

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Federal Register / Vol. 86, No. 202 / Friday, October 22, 2021 / Notices
identify and mitigate their Libor
transition risks. Not all sections or
questions will apply to all banks.
Applicable risks (e.g., operational,
compliance, strategic, and reputation)
can be identified when scoping and
completing Libor cessation
preparedness assessments.
Affected Public: Businesses or other
for-profit.
Burden Estimates:
Estimated Number of Respondents:
1,096. Estimated Annual Burden: 8,768
hours.
Frequency of Response: On occasion.
Comments: Comments submitted in
response to this notice will be
summarized and included in the request
for OMB approval. All comments will
become a matter of public record.
Comments are invited on:
(a) Whether the collections of
information are necessary for the proper
performance of the OCC’s functions,
including whether the information has
practical utility;
(b) The accuracy of the OCC’s
estimates of the burden of the
information collections, including the
validity of the methodology and
assumptions used;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(d) Ways to minimize the burden of
information collections on respondents,
including through the use of automated
collection techniques or other forms of
information technology.
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2021–23056 Filed 10–21–21; 8:45 am]
BILLING CODE P

DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Alcohol and Tobacco Tax and Trade
Bureau Information Collection
Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.

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AGENCY:

The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork

SUMMARY:

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Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments must be received on
or before November 22, 2021.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Molly Stasko by emailing
PRA@treasury.gov, calling (202) 622–
8922, or viewing the entire information
collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
1. Title: Drawback on Distilled Spirits
Exported.
OMB Control Number: 1513–0042.
Type of Review: Extension of a
currently approved collection.
Description: Under the IRC at 26
U.S.C. 5062, persons who export taxpaid distilled spirits may claim
drawback of the alcohol excise tax paid
on those spirits, as prescribed by
regulation. The TTB regulations in 27
CFR part 28 require that claimants use
TTB F 5110.30 to make such drawback
claims. The form requests information
regarding the claimant, the tax-paid
spirits exported, and the amount of tax
to be refunded. TTB uses the collected
information to substantiate the claim for
drawback.
Form: TTB F 5110.30.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
150.
Frequency of Response: On Occasion.
Estimated Total Number of Annual
Responses: 900.
Estimated Time per Response: 2
hours.
Estimated Total Annual Burden
Hours: 1,800 hours.
2. Title: Application and Permit to
Ship Puerto Rican Spirits to the United
States Without Payment of Tax.
OMB Control Number: 1513–0043.
Type of Review: Extension of a
currently approved collection.
Description: The IRC at 26 U.S.C.
7652 imposes on Puerto Rican distilled
spirits shipped to the United States for
consumption or sale a tax equal to the
internal revenue tax (excise tax)

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imposed in the United States on
distilled spirits of domestic
manufacture. However, the IRC at 26
U.S.C. 5232 provides that a person may
withdraw distilled spirits imported or
brought into the United States in bulk
containers from Customs custody and
transfer such spirits to the bonded
premises of a domestic distilled spirits
plant without payment of the internal
revenue tax imposed on such spirits, as
prescribed by regulation. The IRC at 26
U.S.C. 5314 also states that persons may
withdraw spirits from the bonded
premises of a distilled spirits plant in
Puerto Rico pursuant to an
authorization issued under the laws of
Puerto Rico. Under those IRC
authorities, the TTB regulations in 27
CFR part 26 require respondents to use
form TTB F 5110.31 to apply for and
receive approval to ship Puerto Rican
distilled spirits to the United States
without payment of Federal excise tax.
The form identifies the specific spirits
and amounts shipped and received, and
the shipment’s consignor in Puerto Rico
and consignee in the United States. TTB
uses the information collected to ensure
appropriate application of the IRC tax
provisions.
Form: TTB F 5110.31.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
10.
Frequency of Response: On Occasion.
Estimated Total Number of Annual
Responses: 500.
Estimated Time per Response: 0.75
hour.
Estimated Total Annual Burden
Hours: 375 hours.
3. Title: Distilled Spirits Production
Records and Monthly Report of
Production Operations.
OMB Control Number: 1513–0047.
Type of Review: Extension of a
currently approved collection.
Description: In general, the IRC at 26
U.S.C. 5001 prescribes the excise tax
rates for distilled spirits produced in or
imported into the United States, while
26 U.S.C. 5207 requires distilled spirit
plant (DSP) proprietors to maintain
records of production, storage,
denaturation, and processing activities
and to render reports covering those
operations, as prescribed by regulation.
Under those IRC authorities, the TTB
regulations in 27 CFR part 19 require
DSP proprietors to keep records
regarding the production materials used
to produce spirits, the amount of spirits
produced, the amount withdrawn from
the production account, and the
production of spirits byproducts, which
proprietors must maintain for at least 3
years. Based on those records, the part

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