Standards for Approval of Warehouses for Storage of CCC Commodities, 42017 [E6-11762]

Download as PDF 42017 Rules and Regulations Federal Register Vol. 71, No. 142 Tuesday, July 25, 2006 This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. Prices of new books are listed in the first FEDERAL REGISTER issue of each week. DEPARTMENT OF AGRICULTURE List of Subjects in 7 CFR Part 1423 Agricultural commodities, Approval of warehouses, Dairy products, Feed grains, Oilseeds, Price support programs, Processed commodities, Surplus agricultural commodities. For this reason, 7 CFR part 1423 is amended as follows: I PART 1423—COMMODITY CREDIT CORPORATION APPROVED WAREHOUSES 1. The authority citation for part 1423 continues to read as follows: I Commodity Credit Corporation Authority: 15 U.S.C. 714b and 714c. 7 CFR Part 1423 2. Amend § 1423.8 (b) by revising the third sentence to read as follows: I RIN 0560–AE50 Standards for Approval of Warehouses for Storage of CCC Commodities Commodity Credit Corporation, USDA. ACTION: Final rule; correction. AGENCY: cprice-sewell on PROD1PC66 with RULES SUMMARY: This document corrects the final rule published on June 22, 2006, amending the regulations covering the storage of commodities owned by the Commodity Credit Corporation (CCC). A correction is needed because the amended rule contains an incorrect reference to a regulatory provision. DATES: Effective Date: June 22, 2006. FOR FURTHER INFORMATION CONTACT: Phillip Elder, Regulatory Review Group, Economic and Policy Analysis Staff, Farm Service Agency (FSA), United States Department of Agriculture (USDA), Stop 0572, 1400 Independence Ave., SW., Washington, DC 20250–0572. Telephone: (202) 690–8104; e-mail: Phillip.Elder@wdc.usda.gov. Persons with disabilities who require alternative means for communication (Braille, large print, audio tape, etc.) should contact the USDA Target Center at (202) 720– 2600 (voice and TDD). SUPPLEMENTARY INFORMATION: Background This rule corrects the final rule published in the Federal Register on June 22, 2006 (71 FR 35771) that amended regulations covering the storage of commodities owned by the Commodity Credit Corporation (CCC). Section 1423.8 (b) of the final rule inadvertently contained a reference to section 1423.4(c)(5), which does not exist. This document removes that reference. VerDate Aug<31>2005 15:39 Jul 24, 2006 Jkt 208001 § 1423.8 Approval or rejection. * * * * * (b) * * * CCC will reconsider a warehouse for approval when the warehouse operator establishes that the reasons for rejection have been remedied or requests reconsideration of the action and presents to the Director, KCCO, in writing, information in support of such request. * * * * * Signed in Washington, DC, on July 17, 2006. Teresa C. Lasseter, Executive Vice President, Commodity Credit Corporation. [FR Doc. E6–11762 Filed 7–24–06; 8:45 am] BILLING CODE 3410–05–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Part 8 [Docket No. 06–08] RIN 1557–AC96 Assessment of Fees Office of the Comptroller of the Currency, Treasury. ACTION: Final rule. AGENCY: SUMMARY: The Office of the Comptroller of the Currency (OCC) is adopting in final form, without change, an interim final rule that amended our regulations at 12 CFR part 8 concerning the timing of payments of OCC assessments. The interim rule replaced the process used PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 to determine the amount of assessment due to the OCC. Previously, national banks were required to make the initial calculation of the amount due to the OCC. Under the interim rule, the OCC, rather than each national bank, calculates the semiannual assessment based on the most recent Consolidated Reports of Condition and Income (Call Report). The assessment is due by March 31 and September 30 of each year, two months later than under the previous process. Thus, payments that would have been due on January 31 of each year are instead due on March 31, and payments that would have been due on July 31 are due on September 30 of each year. The OCC will notify each national bank of the amount of its semiannual assessment and automatically deduct that amount from each bank’s designated account on the payment due date. The interim rule changed the assessment collection process only; it did not make any changes to the method for calculating assessments due from national banks. DATES: Effective Date: This rule is adopted as final, effective August 24, 2006. FOR FURTHER INFORMATION CONTACT: Jean Campbell, Senior Attorney, or Mitchell Plave, Counsel, Legislative and Regulatory Activities Division, (202) 874–5090; or Colette Baylson, Accounting Operations Manager, Financial Management, (202) 874–4403, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: I. Background The National Bank Act authorizes the OCC to collect assessments, fees, or other charges as necessary or appropriate to carry out its responsibilities. 12 U.S.C. 482. Under this authority, the OCC collects semiannual assessments from national banks, as described in 12 CFR part 8 and in the Notice of Comptroller of the Currency Fees, which is published no later than the first business day of December each year.1 Prior to adoption of the interim final rule on November 17, 2005, 70 FR 69641, part 8 required 1 Under part 8, the OCC also collects assessments from Federal branches and Federal agencies. The changes provided for in this final rule will also apply to payment of assessments by Federal branches and Federal agencies. E:\FR\FM\25JYR1.SGM 25JYR1

Agencies

[Federal Register Volume 71, Number 142 (Tuesday, July 25, 2006)]
[Rules and Regulations]
[Page 42017]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-11762]



========================================================================
Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 
Prices of new books are listed in the first FEDERAL REGISTER issue of each 
week.

========================================================================


Federal Register / Vol. 71, No. 142 / Tuesday, July 25, 2006 / Rules 
and Regulations

[[Page 42017]]



DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation

7 CFR Part 1423

RIN 0560-AE50


Standards for Approval of Warehouses for Storage of CCC 
Commodities

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Final rule; correction.

-----------------------------------------------------------------------

SUMMARY: This document corrects the final rule published on June 22, 
2006, amending the regulations covering the storage of commodities 
owned by the Commodity Credit Corporation (CCC). A correction is needed 
because the amended rule contains an incorrect reference to a 
regulatory provision.

DATES: Effective Date: June 22, 2006.

FOR FURTHER INFORMATION CONTACT: Phillip Elder, Regulatory Review 
Group, Economic and Policy Analysis Staff, Farm Service Agency (FSA), 
United States Department of Agriculture (USDA), Stop 0572, 1400 
Independence Ave., SW., Washington, DC 20250-0572. Telephone: (202) 
690-8104; e-mail: Phillip.Elder@wdc.usda.gov. Persons with disabilities 
who require alternative means for communication (Braille, large print, 
audio tape, etc.) should contact the USDA Target Center at (202) 720-
2600 (voice and TDD).

SUPPLEMENTARY INFORMATION:

Background

    This rule corrects the final rule published in the Federal Register 
on June 22, 2006 (71 FR 35771) that amended regulations covering the 
storage of commodities owned by the Commodity Credit Corporation (CCC). 
Section 1423.8 (b) of the final rule inadvertently contained a 
reference to section 1423.4(c)(5), which does not exist. This document 
removes that reference.

List of Subjects in 7 CFR Part 1423

    Agricultural commodities, Approval of warehouses, Dairy products, 
Feed grains, Oilseeds, Price support programs, Processed commodities, 
Surplus agricultural commodities.


0
For this reason, 7 CFR part 1423 is amended as follows:

PART 1423--COMMODITY CREDIT CORPORATION APPROVED WAREHOUSES

0
1. The authority citation for part 1423 continues to read as follows:

    Authority: 15 U.S.C. 714b and 714c.

0
2. Amend Sec.  1423.8 (b) by revising the third sentence to read as 
follows:


Sec.  1423.8  Approval or rejection.

* * * * *
    (b) * * * CCC will reconsider a warehouse for approval when the 
warehouse operator establishes that the reasons for rejection have been 
remedied or requests reconsideration of the action and presents to the 
Director, KCCO, in writing, information in support of such request.
* * * * *

    Signed in Washington, DC, on July 17, 2006.
Teresa C. Lasseter,
Executive Vice President, Commodity Credit Corporation.
[FR Doc. E6-11762 Filed 7-24-06; 8:45 am]
BILLING CODE 3410-05-P