Unknown. Final rule
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/register/2017/04/18/2017-07742A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
--- schema: federal-register doc_type: fedreg source_file: FR-2017-04-18.xml --- 82 73 Tuesday, April 18, 2017 Contents Agricultural Marketing Agricultural Marketing Service NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: USDA Farmers Market Application, 18277-18278 2017-07738 Agriculture Agriculture Department See Agricultural Marketing Service See Forest Service Coast Guard Coast Guard RULES Drawbridge Operations: Curtis Creek, Baltimore, MD, 18223-18224 2017-07765 Safety Zones: 2017 Key West Paddle Classic, Key West, FL, 18224-18226 2017-07822 Special Local Regulations:
Lake Ferguson; Greenville, MS, 18221-18223 2017-07834 Commerce Commerce Department See Economic Development Administration See Foreign-Trade Zones Board See Industry and Security Bureau See International Trade Administration See National Oceanic and Atmospheric Administration Defense Department Defense Department See Engineers Corps NOTICES Privacy Act; Systems of Records: Rescindment of System of Records, 18287-18288 2017-07829 Economic Development Economic Development Administration NOTICES Trade Adjustment Assistance Eligibility;
Petitions, 18281-18282 2017-07760 Education Department Education Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Revision of National Center for Education Statistics Confidentiality Pledges under Confidential Information Protection and Statistical Efficiency Act and Education Sciences Reform Act of 2002, 18289-18291 2017-07741 Engineers Engineers Corps NOTICES Meetings: Inland Waterways Users Board, 18288-18289 2017-07671 Environmental Protection Environmental Protection Agency RULES Pesticide Tolerances:
Pyriofenone, 18235-18240 2017-07818 Pyroxasulfone, 18230-18235 2017-07819 Tolerance Exemptions: Bacillus Thuringiensis (mCry51Aa2) Protein in or on Cotton, 18226-18230 2017-07804 PROPOSED RULES Air Quality State Implementation Plans; Approvals and Promulgations: Philadelphia, New Jersey, Maryland, and Delaware; Determination of Attainment by Attainment Date for 2008 Ozone Standard, 18268-18272 2017-07826 Virginia; Major New Source Review, 18272-18275 2017-07820 NOTICES Meetings:
Good Neighbor Environmental Board; Teleconference, 18292 2017-07813 National Advisory Council for Environmental Policy and Technology, 18291-18292 2017-07812 Pesticide Program Dialogue Committee, 18292-18293 2017-07817 Federal Aviation Federal Aviation Administration PROPOSED RULES Airworthiness Directives: Aerospace Welding Minneapolis, Inc. Mufflers, 18265-18267 2017-07775 Federal Bureau Federal Bureau of Investigation NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals:
Uniform Crime Reporting Data Collection Instrument Pretesting and Burden Estimation General Clearance, 18311-18312 2017-07803 Federal Communications Federal Communications Commission RULES Channel Sharing, 18240-18252 2017-07171 Federal Motor Federal Motor Carrier Safety Administration NOTICES Meetings; Sunshine Act, 18341 2017-07916 Federal Railroad Federal Railroad Administration NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18341-18342 2017-07799 Federal Reserve Federal Reserve System RULES Extensions of Credit by Federal Reserve Banks, 18215-18216 2017-07742 Reserve Requirements of Depository Institutions, 18216-18217 2017-07743 NOTICES Changes in Bank Control Notices:
Acquisitions of Shares of Bank or Bank Holding Company, 18293 2017-07737 Food and Drug Food and Drug Administration PROPOSED RULES Food Additive Petitions: Canadian Oilseed Processor Association, 18268 2017-07770 NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Medical Devices; Exception from General Requirements for Informed Consent, 18294-18296 2017-07768 Tracking Network for PETNet, LivestockNet, and SampleNet, 18293-18294 2017-07769 Meetings:
Medical Imaging Drugs Advisory Committee, 18299-18300 2017-07767 Oncologic Drugs Advisory Committee; Establishment of Public Docket, 18296-18299 2017-07771 2017-07772 Second Annual Workshop on Clinical Outcome Assessments in Cancer Clinical Trials; Public Workshop, 18303-18304 2017-07766 Training Health Care Providers on Pain Management and Safe Use of Opioid Analgesics--Exploring Path Forward; Public Workshop, 18300-18303 2017-07821 Foreign Assets Foreign Assets Control Office NOTICES Blocking or Unblocking of Persons and Properties, 18342-18343 2017-07814 2017-07830 Foreign Claims Foreign Claims Settlement Commission NOTICES Meetings;
Sunshine Act, 18312 2017-07909 Foreign Trade Foreign-Trade Zones Board NOTICES Subzone Applications: Glovis America, Inc., Foreign-Trade Zone 145, Shreveport, LA, 18282 2017-07809 Forest Forest Service NOTICES Browns Canyon National Monument Plan Assessment: Pike/San Isabel National Forests and Cimarron/Comanche National Grasslands; Chaffee County, CO, 18279-18280 2017-07797 Meetings: Forest Resource Coordinating Committee, 18278 2017-07763 Lake Tahoe Basin Federal Advisory Committee, 18280-18281 2017-07762 Sitka Resource Advisory Committee, 18279 2017-07761 Southern Region Recreation Resource Advisory Committee, 18281 2017-07835 Health and Human Health and Human Services Department See Food and Drug Administration See National Institutes of Health See Substance Abuse and Mental Health Services Administration RULES Patient Protection and Affordable Care Act;
Market Stabilization, 18346-18382 2017-07712 NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18304 2017-07787 Homeland Homeland Security Department See Coast Guard Industry Industry and Security Bureau RULES Revision to an Entry on the Entity List, 18217-18220 2017-07833 Interior Interior Department See Land Management Bureau Internal Revenue Internal Revenue Service NOTICES Requests for Nominations: Information Reporting Program Advisory Committee, 18343-18344 2017-07794 International Trade Adm International Trade Administration NOTICES Antidumping or Countervailing Duty Investigations, Orders, or Reviews:
Certain New Pneumatic Off-the-Road Tires from People's Republic of China, 18285-18287 2017-07807 Certain Oil Country Tubular Goods from India, 18282-18284 2017-07806 Citric Acid and Certain Citrate Salts from Canada, 18284-18285 2017-07805 International Trade Com International Trade Commission NOTICES Antidumping or Countervailing Duty Investigations, Orders, or Reviews: Tool Chests and Cabinets from China and Vietnam, 18309-18310 2017-07749 Investigations; Determinations, Modifications, and Rulings, etc.:
Certain Digital Cable and Satellite Products, Set-Top Boxes, Gateways and Components Thereof, 18310-18311 2017-07733 Justice Department Justice Department See Federal Bureau of Investigation See Foreign Claims Settlement Commission NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Generic Clearance for Cognitive, Pilot, and Field Studies for Office of Juvenile Justice and Delinquency Prevention Data Collection Activities, 18312-18313 2017-07773 Guam World War II Loyalty Recognition Program Statement of Claim, 18312 2017-07823 Labor Department Labor Department NOTICES All Items Consumer Price Index for All Urban Consumers United States City Average, 18313-18314 2017-07831 2017-07832 Land Land Management Bureau NOTICES Meetings:
Northern California District Resource Advisory Council, 18308-18309 2017-07798 NASA National Aeronautics and Space Administration NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18314 2017-07780 National Archives National Archives and Records Administration NOTICES Records Schedules; Availability, 18314-18316 2017-07757 National Institute National Institutes of Health NOTICES Meetings: National Deafness and Other Communication Disorders, 18305 2017-07735 National Heart, Lung, and Blood Institute, 18306 2017-07740 National Institute of Biomedical Imaging and Bioengineering, 18305 2017-07734 National Institute of Diabetes and Digestive and Kidney Diseases, 18306 2017-07736 Task Force on Research Specific to Pregnant Women and Lactating Women, 18305-18306 2017-07739 Requests for Information:
Input on Opportunities of Engagement of External Stakeholders with Illuminating Druggable Genome Program, 18306-18307 2017-07795 National Oceanic National Oceanic and Atmospheric Administration RULES Fisheries of the Economic Exclusive Zone Off Alaska: Deep-Water Species Fishery by Vessels Using Trawl Gear in Gulf of Alaska, 18252 2017-07802 Schedule of Fees for Access to NOAA Environmental Data, Information, and Related Products and Services, 18220-18221 2017-07759 NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 18287 2017-07756 Nuclear Regulatory Nuclear Regulatory Commission NOTICES License Amendments to Export Radioactive Waste: Superseded or Outdated Generic Communications, 18316 2017-07825 Postal Regulatory Postal Regulatory Commission NOTICES New Postal Products, 18316-18317 2017-07774 Securities Securities and Exchange Commission NOTICES Meetings; Sunshine Act, 18328-18329 2017-07867 Self-Regulatory Organizations; Proposed Rule Changes: Chicago Board Options Exchange, Inc., 18320-18323, 18331-18334 2017-07751 2017-07755 Nasdaq ISE, LLC, 18329-18331 2017-07750 NASDAQ Stock Market, LLC, 18323-18326 2017-07754 NYSE Arca, Inc., 18317-18320, 18326-18328 2017-07752 2017-07753 Small Business Small Business Administration PROPOSED RULES Small Business Size Standards:
Adoption of 2017 North American Industry Classification System for Size Standards, 18253-18265 2017-07709 NOTICES Administrator's Line of Succession Designation, 18335 2017-07778 Conflicts of Interest; Exemptions: C3 Capital Partners III, LP, 18334-18335 2017-07789 Social Social Security Administration NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18335-18340 2017-07796 Substance Substance Abuse and Mental Health Services Administration NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 18307-18308 2017-07764 Surface Transportation Surface Transportation Board PROPOSED RULES Revisions to Cost-of-Capital Composite Railroad Criteria, 18275-18276 2017-07815 NOTICES Acquisitions of Control Exemptions: Genesee and Wyoming Inc.; Atlantic Western Transportation, Inc. and Heart of Georgia Railroad, Inc., 18340-18341 2017-07828 Transportation Department Transportation Department See Federal Aviation Administration See Federal Motor Carrier Safety Administration See Federal Railroad Administration Treasury Treasury Department See Foreign Assets Control Office See Internal Revenue Service NOTICES Meetings:
Debt Management Advisory Committee, 18344 2017-07418 Separate Parts In This Issue Part II Health and Human Services Department, 18346-18382 2017-07712 Reader Aids Consult the Reader Aids section at the end of this issue for phone numbers, online resources, finding aids, and notice of recently enacted public laws. To subscribe to the Federal Register Table of Contents electronic mailing list, go to https://public.govdelivery.com/accounts/USGPOOFR/subscriber/new, enter your e-mail address, then follow the instructions to join, leave, or manage your subscription. 82 73 Tuesday, April 18, 2017 Rules and Regulations FEDERAL RESERVE SYSTEM 12 CFR Part 201 [Docket No.
R-1562] RIN 7100-AE76 Regulation A: Extensions of Credit by Federal Reserve Banks AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule. SUMMARY: The Board of Governors of the Federal Reserve System (“Board”) has adopted final amendments to its Regulation A to reflect the Board's approval of an increase in the rate for primary credit at each Federal Reserve Bank. The secondary credit rate at each Reserve Bank automatically increased by formula as a result of the Board's primary credit rate action.
DATES: The amendments to part 201 (Regulation A) are effective April 18, 2017. The rate changes for primary and secondary credit were applicable on March 16, 2017. FOR FURTHER INFORMATION CONTACT: Clinton Chen, Attorney (202-452-3952), or Sophia Allison, Special Counsel, (202-452-3565), Legal Division, or Lyle Kumasaka, Senior Financial Analyst (202-452-2382); for users of Telecommunications Device for the Deaf
(TDD)only, contact 202-263-4869; Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. SUPPLEMENTARY INFORMATION: The Federal Reserve Banks make primary and secondary credit available to depository institutions as a backup source of funding on a short-term basis, usually overnight. The primary and secondary credit rates are the interest rates that the twelve Federal Reserve Banks charge for extensions of credit under these programs. In accordance with the Federal Reserve Act, the primary and secondary credit rates are established by the boards of directors of the Federal Reserve Banks, subject to the review and determination of the Board. On March 15, 2017, the Board voted to approve a 1/4 percentage point increase in the primary credit rate in effect at each of the twelve Federal Reserve Banks, thereby increasing from 1.25 percent to 1.50 percent the rate that each Reserve Bank charges for extensions of primary credit. In addition, the Board had previously approved to renew the formula for the secondary credit rate, the primary credit rate plus 50 basis points, on March 6, 2017. Under the formula, the secondary credit rate in effect at each of the twelve Federal Reserve Banks increased by 1/4 percentage point as a result of the Board's primary credit rate action, thereby increasing from 1.75 percent to 2.00 percent the rate that each Reserve Bank charges for extensions of secondary credit. The amendments to Regulation A reflect these rate changes. The 1/4 percentage point increase in the primary credit rate was associated with an increase in the target range for the federal funds rate (from a target range of 1/2 to 3/4 percent to a target range of 3/4 to 1 percent) announced by the Federal Open Market Committee (“Committee”) on March 15, 2017, as described in the Board's amendment of its Regulation D published elsewhere in this **Federal Register** . Administrative Procedure Act In general, the Administrative Procedure Act (12 U.S.C. 551 *et seq.* ) (“APA”) imposes three principal requirements when an agency promulgates legislative rules (rules made pursuant to congressionally delegated authority):
(1)Publication with adequate notice of a proposed rule;
(2)followed by a meaningful opportunity for the public to comment on the rule's content; and
(3)publication of the final rule not less than 30 days before its effective date. The APA provides that notice and comment procedures do not apply if the agency for good cause finds them to be “unnecessary, impracticable, or contrary to the public interest.” 12 U.S.C. 553(b)(3)(A). Section 553(d) of the APA also provides that publication not less than 30 days prior to a rule's effective date is not required for
(1)a substantive rule which grants or recognizes an exemption or relieves a restriction;
(2)interpretive rules and statements of policy; or
(3)an agency finding good cause for shortened notice and publishing its reasoning with the rule. 12 U.S.C. 553(d). The APA further provides that the notice, public comment, and delayed effective date requirements of 5 U.S.C. 553 do not apply “to the extent that there is involved . . . a matter relating to agency management or personnel or to public property, *loans,* grants, benefits, or contracts.” 5 U.S.C. 553(a)(2) (emphasis added). Regulation A establishes the interest rates that the twelve Reserve Banks charge for extensions of primary credit and secondary credit. The Board has determined that the notice, public comment, and delayed effective date requirements of the APA do not apply to the final amendments to Regulation A for several reasons. The amendments involve a matter relating to loans, and are therefore exempt under the terms of the APA. In addition, the Board has determined that notice, public comment, and delayed effective date would be unnecessary and contrary to the public interest because delay in implementation of changes to the rates charged on primary credit and secondary credit would permit insured depository institutions to profit improperly from the difference in the current rate and the announced increased rate. Finally, because delay would undermine the Board's action in responding to economic data and conditions, the Board has determined that “good cause” exists within the meaning of the APA to dispense with the notice, public comment, and delayed effective date procedures of the APA with respect to the final amendments to Regulation A. Regulatory Flexibility Analysis The Regulatory Flexibility Act (“RFA”) does not apply to a rulemaking where a general notice of proposed rulemaking is not required. 1 As noted previously, a general notice of proposed rulemaking is not required if the final rule involves a matter relating to loans. Furthermore, the Board has determined that it is unnecessary and contrary to the public interest to publish a general notice of proposed rulemaking for this final rule. Accordingly, the RFA's requirements relating to an initial and final regulatory flexibility analysis do not apply. 1 5 U.S.C. 603 and 604. Paperwork Reduction Act In accordance with the Paperwork Reduction Act (“PRA”) of 1995 (44 U.S.C. 3506; 5 CFR part 1320, appendix A.1), the Board reviewed the final rule under the authority delegated to the Board by the Office of Management and Budget. The final rule contains no requirements subject to the PRA. 12 CFR Chapter II List of Subjects in 12 CFR Part 201 Banks, Banking, Federal Reserve System, Reporting and recordkeeping requirements. Authority and Issuance For the reasons set forth in the preamble, the Board is amending 12 CFR chapter II to read as follows: PART 201—EXTENSIONS OF CREDIT BY FEDERAL RESERVE BANKS (REGULATION A) 1. The authority citation for part 201 continues to read as follows: Authority: 12 U.S.C. 248(i)-(j), 343 *et seq.,* 347a, 347b, 347c, 348 *et seq.,* 357, 374, 374a, and 461. 2. In § 201.51, paragraphs
(a)and
(b)are revised to read as follows: § 201.51 Interest rates applicable to credit extended by a Federal Reserve Bank. 3 3 The primary, secondary, and seasonal credit rates described in this section apply to both advances and discounts made under the primary, secondary, and seasonal credit programs, respectively.
(a)*Primary credit.* The interest rate at each Federal Reserve Bank for primary credit provided to depository institutions under § 201.4(a) is 1.50 percent.
(b)*Secondary credit.* The interest rate at each Federal Reserve Bank for secondary credit provided to depository institutions under § 201.4(b) is 2.00 percent. By order of the Board of Governors of the Federal Reserve System, April 12, 2017. Ann E. Misback, Secretary of the Board. [FR Doc. 2017-07742 Filed 4-17-17; 8:45 am]
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Traces to 4 documents
5 references not yet in our index
- 12 CFR 201
- 12 USC 551
- 12 USC 553(b)(3)(A)
- 12 USC 553(d)
- 5 CFR 1320
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