Military Reservist Economic Injury Disaster Loans: Interest Rate for Third Quarter FY 2017, 18947 [2017-08218]
Download as PDF
Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices
received will be posted without change;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–GEMX–
2017–03, and should be submitted on or
before May 15, 2017.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–08165 Filed 4–21–17; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
Military Reservist Economic Injury
Disaster Loans: Interest Rate for Third
Quarter FY 2017
In accordance with the Code of
Federal Regulations 13—Business Credit
and Assistance § 123.512, the following
interest rate is effective for Military
Reservist Economic Injury Disaster
Loans approved on or after April 14,
2017.
Military Reservist Loan Program 3.215%
Dated: April 17, 2017.
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2017–08218 Filed 4–21–17; 8:45 am]
BILLING CODE P
SURFACE TRANSPORTATION BOARD
[Docket No. EP 720 (Sub-No. 1)]
Revisions to Railroad Annual Report
Form R–1 and Quarterly Operating
Reports
Surface Transportation Board.
ACTION: Notice of modifications to
annual and quarterly reporting forms.
AGENCY:
The Surface Transportation
Board (STB or Board) is revising certain
schedules in the Annual Report for
Class I railroads (R–1 or Form R–1) and
quarterly operating reports. These
revisions are needed to correct certain
accounting and reporting changes the
Board enacted in 2016 and to better
meet accounting and reporting
requirements and industry needs.
DATES: This decision is effective on May
24, 2017. These modifications will
apply beginning with the annual R–1
reports for the year ending December 31,
jstallworth on DSK7TPTVN1PROD with NOTICES
SUMMARY:
11 17
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
13:48 Apr 21, 2017
Jkt 241001
2017, and the quarterly operating
reports for the second calendar quarter
of 2017.
FOR FURTHER INFORMATION CONTACT:
Pedro Ramirez at (202) 245–0333.
Assistance for the hearing impaired is
available through the Federal
Information Relay Service (FIRS) at 1–
800–877–8339.
SUPPLEMENTARY INFORMATION: The Board
is authorized, under 49 U.S.C. 11142, to
prescribe a uniform accounting system
for rail carriers subject to its jurisdiction
and, under 49 U.S.C. 11161, to maintain
cost accounting rules for rail carriers.1
Sections 11142 and 11161 both require
the Board to conform its accounting
rules to generally accepted accounting
principles (GAAP) ‘‘[t]o the maximum
extent practicable.’’ The Board’s
accounting rules, known as the Uniform
System of Accounts (USOA), are set
forth in the Board’s regulations at 49
CFR part 1201—subpart A. The USOA
is used by the Class I railroads 2 to
provide the Board an annual report,
known as the Form R–1 report, and
quarterly operating reports that contain
information about their finances and
operating statistics. 49 CFR 1241.11,
1243.1, and 1243.2.
Discussion
In Accounting & Reporting of
Business Combinations, Security
Investments, Comprehensive Income,
Derivative Instruments & Hedging
Activities, EP 720 (STB served Apr. 6,
2016), the Board adopted rules that
updated the accounting and reporting
requirements under the USOA for Class
I railroads to reflect accounting standard
updates to GAAP. As relevant here, the
Board amended the USOA by adding
new general instructions and accounts
to recognize changes in the fair value of
certain security investments, items of
1 The Board has economic oversight of railroads,
49 U.S.C. 10101–11908, and prescribes a uniform
accounting system for rail carriers to use for
regulatory purposes, 49 U.S.C. 11141–43, 11161–64;
49 CFR parts 1200–1201. In addition, pursuant to
its authority at 49 U.S.C. 11145, the Board requires
Class I railroads to submit quarterly and annual
reports containing financial and operating statistics,
including employment and traffic data. 49 CFR
1241–1246, 1248.
2 The Board designates three classes of freight
railroads based upon their operating revenues, for
three consecutive years, in 1991 dollars, using the
following scale: Class I—$250 million or more;
Class II—less than $250 million but more than $20
million; and Class III—$20 million or less. These
operating revenue thresholds are adjusted annually
for inflation. 49 CFR part 1201, 1–1. Adjusted for
inflation based on 2015 data, Class I carriers have
annual carrier operating revenues of $457,913,998
or more; Class II carriers have annual carrier
operating revenues of less than $457,913,998 but
more than $36,633,120; and Class III carriers have
annual carrier operating revenues of $36,633,120 or
less. Today, there are seven Class I carriers.
PO 00000
Frm 00059
Fmt 4703
Sfmt 4703
18947
other comprehensive income, derivative
instruments, and hedging activities.
Additionally, corresponding changes
were made to the Form R–1. Id. at 3–7.
However, no corresponding changes
were made to the related quarterly
reports.
To avoid confusion, ensure proper
reporting, and promote uniformity with
the USOA, the Board has determined
that certain technical and formatting
modifications to the Form R–1 and the
quarterly reports are necessary. These
minor changes, which are detailed
below, are not substantive and fall into
one of the following categories: (1)
Correcting the Form R–1 to fully
implement the changes in accounting
and reporting requirements already
made through notice and comment
rulemaking in Docket No. EP 720; (2)
applying the accounting and reporting
changes in Docket No. EP 720 to the
quarterly reports; and (3) making minor
clarifications, formatting, and
grammatical changes. Accordingly, for
good cause shown, the Board finds that
notice and comment on these revisions
are unnecessary. See 5 U.S.C.
553(b)(3)(B). The specific changes are
explained below.
Comprehensive Income. The Form R–
1 Schedule 210 A (Consolidated
Statements of Comprehensive Income)
adopted in Docket No. EP 720 included
two unnecessary columns: ‘‘Freightrelated revenues & expenses’’ and
‘‘Passenger-related revenue &
expenses.’’ Because the information in
these two columns is not used in the
calculation of comprehensive income
and other comprehensive income, these
columns will be eliminated in Schedule
210 A.
Results of Operations. In Docket No.
EP 720, a single line for ‘‘Earnings per
share, basic and diluted’’ in Form R–1
Schedule 210 (Results of Operations)
was added. However, basic and diluted
earnings per share are two separate
calculations and must be reported
individually. Therefore, the revised
Form R–1 Schedule 210 adopted here
will display these items in two lines:
Basic Earnings Per Share and Diluted
Earnings Per Share.
Quarterly Reports. Although the
Board did not address quarterly
operating reports in Docket No. EP 720,
the items reported in the quarterly
operating reports, Condensed Balance
Sheet (CBS) and Revenues, Expenses,
and Income (RE&I), should correspond
with the Form R–1 reports and be kept
in conformity with the USOA for Class
I railroads.
Accordingly, the quarterly CBS report
will be revised to include a line for the
reporting of account 799, Accumulated
E:\FR\FM\24APN1.SGM
24APN1
Agencies
[Federal Register Volume 82, Number 77 (Monday, April 24, 2017)]
[Notices]
[Page 18947]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08218]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
Military Reservist Economic Injury Disaster Loans: Interest Rate
for Third Quarter FY 2017
In accordance with the Code of Federal Regulations 13--Business
Credit and Assistance Sec. 123.512, the following interest rate is
effective for Military Reservist Economic Injury Disaster Loans
approved on or after April 14, 2017.
Military Reservist Loan Program 3.215%
Dated: April 17, 2017.
James E. Rivera,
Associate Administrator for Disaster Assistance.
[FR Doc. 2017-08218 Filed 4-21-17; 8:45 am]
BILLING CODE P