Submission for OMB Review; Comment Request, 74579-74580 [E6-21112]
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jlentini on PROD1PC65 with NOTICES
Federal Register / Vol. 71, No. 238 / Tuesday, December 12, 2006 / Notices
12507). The regulatory relief requested
in CSX’s current petition is only for
CBTM-related equipment and testing,
and only through the conclusion of
CBTM testing. Compliance with the
rules for which relief is requested will
not apply to non-CBTM-related
equipment and operations. Details of the
exact relief requested and CSXT’s
supporting rationale are detailed in
FRA–2006–25057–4.
For informational purposes only, FRA
is also providing notice that it has
received an informational filing to test
CBTM submitted pursuant to 49 CFR
236.913(j). FRA will accept comments
only on those items requiring a waiver
from regulatory requirements. All
communications concerning the petition
from regulatory relief under 49 CFR part
211 should identify the appropriate
docket number (FRA–2006–25057) and
must be submitted by one of the
following methods:
• Web site: https://dms.dot.gov.
Follow the instructions for submitting
comments on the DOT electronic site;
• Fax: 202–493–2251;
• Mail: Docket Management Facility,
U.S. Department of Transportation, 400
Seventh Street, SW., Nassif Building,
Room PL–401, Washington, DC 20590–
0001; or
• Hand Delivery: Room PL–401 on
the plaza level of the Nassif Building,
400 Seventh Street, SW., Washington,
DC, between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
Communications received within 45
days of the date of this notice will be
considered by FRA before final action is
taken. Comments received after that
date will be considered as far as
practicable. All written communications
concerning these proceedings are
available for examination during regular
business hours (9 a.m.–5 p.m.) at the
above facility. All documents in the
public docket are also available for
inspection and copying on the Internet
at the docket facility’s Web site at
https://dms.dot.gov.
Anyone is able to search the
electronic form of all comments
received into any of our dockets by the
name of the individual submitting the
comment (or signing the comment on
behalf of an association, business, labor
union, etc.). You may review the DOT’s
complete Privacy Act Statement in the
Federal Register published on April 11,
2000, (Volume 65, Number 70; Pages
19477–78). The Statement may also be
found at https://dms.dot.gov.
VerDate Aug<31>2005
18:00 Dec 11, 2006
Jkt 211001
Issued in Washington, DC on December 6,
2006.
Grady C. Cothen, Jr.,
Deputy Associate Administrator for Safety
Standards and Program Development.
[FR Doc. E6–21016 Filed 12–11–06; 8:45 am]
BILLING CODE 4910–06–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
Release of Waybill Data
The Surface Transportation Board has
received a request from Covington &
Burling on behalf of Union Pacific
Corporation (WB468–8—12/1/06), for
permission to use certain data from the
Board’s 2005 Carload Waybill Sample.
A copy of the request may be obtained
from the Office of Economics,
Environmental Analysis, and
Administration.
The waybill sample contains
confidential railroad and shipper data;
therefore, if any parties object to these
requests, they should file their
objections with the Director of the
Board’s Office of Economics,
Environmental Analysis, and
Administration within 14 calendar days
of the date of this notice. The rules for
release of waybill data are codified at 49
CFR 1244.9.
Contact: Mac Frampton, (202) 565–
1541.
Vernon A. Williams,
Secretary.
[FR Doc. E6–21045 Filed 12–11–06; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF TRANSPORTATION
74579
of the temporary trackage rights is to
facilitate maintenance work on UP lines.
As a condition to this exemption, any
employee affected by the acquisition of
the temporary trackage rights will be
protected by the conditions imposed in
Norfolk and Western Ry. Co.—Trackage
Rights—BN, 354 I.C.C. 605 (1978), as
modified in Mendocino Coast Ry., Inc.—
Lease and Operate, 360 I.C.C. 653
(1980), and any employee affected by
the discontinuance of those trackage
rights will be protected by the
conditions set out in Oregon Short Line
R. Co.—Abandonment—Goshen, 360
I.C.C. 91 (1979).
This notice is filed under 49 CFR
1180.2(d)(8). If it contains false or
misleading information, the exemption
is void ab initio. Petitions to revoke the
exemption under 49 U.S.C. 10502(d)
may be filed at any time. The filing of
a petition to revoke will not
automatically stay the transaction.
An original and 10 copies of all
pleadings, referring to STB Finance
Docket No. 34969, must be filed with
the Surface Transportation Board, 1925
K Street, NW., Washington, DC 20423–
0001. In addition, one copy of each
pleading must be served on Gabriel S.
Meyer, Union Pacific Railroad
Company, 1400 Douglas St., STOP 1580,
Omaha, NE 68179.
Board decisions and notices are
available on our Web site at https://
www.stb.dot.gov.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Decided: December 5, 2006.
Vernon A. Williams,
Secretary.
[FR Doc. E6–21046 Filed 12–11–06; 8:45 am]
BILLING CODE 4915–01–P
Surface Transportation Board
DEPARTMENT OF THE TREASURY
[STB Finance Docket No. 34969]
Union Pacific Railroad Company—
Temporary Trackage Rights
Exemption—BNSF Railway Company
BNSF Railway Company (BNSF) has
agreed to grant temporary overhead
trackage rights to Union Pacific Railroad
Company (UP) over BNSF’s lines
between milepost 146.0, Hobart, CA,
and milepost 9.8, Riverside, CA, a
distance of approximately 55 miles.1
The transaction is scheduled to be
consummated on January 2, 2007, and
the temporary trackage rights will expire
on or about April 5, 2007. The purpose
1 Total mileage does not correspond to the
milepost designations of the endpoints because the
trackage rights involve BNSF subdivisions with
non-contiguous mileposts.
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Submission for OMB Review;
Comment Request
December 6, 2006.
The Department of the Treasury has
submitted the following public
information collection requirement(s) to
OMB for review and clearance under the
Paperwork Reduction Act of 1995,
Public Law 104–13. Copies of the
submission(s) may be obtained by
calling the Treasury Bureau Clearance
Officer listed. Comments regarding this
information collection should be
addressed to the OMB reviewer listed
and to the Treasury Department
Clearance Officer, Department of the
Treasury, Room 11000, 1750
Pennsylvania Avenue, NW.,
Washington, DC 20220.
E:\FR\FM\12DEN1.SGM
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74580
Federal Register / Vol. 71, No. 238 / Tuesday, December 12, 2006 / Notices
Written comments should be
received on or before January 11, 2007
to be assured of consideration.
DATES:
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
OMB Number: 1513–0107.
Type of Review: Revision.
Title: Monthly Report—Tobacco
Products Importer.
Form: TTB 5220.6.
Description: Reports of the
importation and disposition of tobacco
products are necessary to determine
whether those issued the permits
required by 26 U.S.C. 5713 should be
allowed to continue their operations or
renew their permits. This report is used
to accomplish this goal, which protects
the revenue.
Respondents: Business and other for
profits.
Estimated Total Burden Hours: 7,258
hours.
Clearance Officer: Frank Foote, (202)
927–9347, Alcohol and Tobacco Tax
and Trade Bureau, Room 200 East, 1310
G. Street, NW., Washington, DC 20005.
OMB Reviewer: Alexander T. Hunt,
(202) 395–7316, Office of Management
and Budget, Room 10235, New
Executive Office Building, Washington,
DC 20503.
Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. E6–21112 Filed 12–11–06; 8:45 am]
BILLING CODE 4810–31–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket No. 06–14]
FEDERAL RESERVE SYSTEM
[Docket No. OP–1248]
FEDERAL DEPOSIT INSURANCE
CORPORATION
Concentrations in Commercial Real
Estate Lending, Sound Risk
Management Practices
Office of the Comptroller of
the Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System (Board); and Federal Deposit
Insurance Corporation (FDIC).
ACTION: Final guidance.
jlentini on PROD1PC65 with NOTICES
AGENCIES:
SUMMARY: The OCC, Board, and FDIC
(the Agencies) are issuing final joint
Guidance on Concentrations in
Commercial Real Estate Lending, Sound
Risk Management Practices (Guidance).
This Guidance has been developed to
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18:00 Dec 11, 2006
Jkt 211001
reinforce sound risk management
practices for institutions with high and
increasing concentrations of commercial
real estate loans on their balance sheets.
This Guidance applies to national banks
and state chartered banks (institutions).
Further, the Board believes that the
Guidance is broadly applicable to bank
holding companies.
DATES: Effective Date: The final
Guidance is effective December 12,
2006.
FOR FURTHER INFORMATION CONTACT:
OCC: Dena G. Patel, Credit Risk
Specialist, (202) 874–5170; or Vance
Price, National Bank Examiner, (202)
874–5170.
Board: Denise Dittrich, Supervisory
Financial Analyst, (202) 452–2783;
Virginia Gibbs, Senior Supervisory
Financial Analyst, (202) 452–2521; or
Sabeth I. Siddique, Assistant Director,
(202) 452–3861, Division of Banking
Supervision and Regulation; or Mark
Van Der Weide, Senior Counsel, Legal
Division, (202) 452–2263. For users of
Telecommunications Device for the Deaf
(‘‘TDD’’) only, contact (202) 263–4869.
FDIC: Patricia A. Colohan, Senior
Examination Specialist, (202) 898–7283;
or Serena L. Owens, Chief, Planning and
Program Development, (202) 898–8996,
Division of Supervision and Consumer
Protection; or Benjamin W. McDonough,
Attorney, Legal Division, (202) 898–
7411.
SUPPLEMENTARY INFORMATION:
I. Background
The Agencies have observed that
commercial real estate (CRE)
concentrations have been rising over the
past several years and have reached
levels that could create safety and
soundness concerns in the event of a
significant economic downturn. To
some extent, the level of CRE lending
reflects changes in the demand for
credit within certain geographic areas
and the movement by many financial
institutions to specialize in a lending
sector that is perceived to offer
enhanced earnings. In particular, small
to mid-size institutions have shown the
most significant increase in CRE
concentrations over the last decade. CRE
concentration levels 1 at commercial and
savings banks with assets between $100
million and $1 billion have doubled
from approximately 156 percent of total
risk-based capital in 1993 to 318 percent
in third quarter 2006. This same trend
has been observed at commercial and
1 CRE concentration levels for loans secured by
real estate for (a) construction, land development,
and other land loans; (b) multifamily residential
properties; and (c) nonfarm nonresidential
properties.
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savings banks with assets of $1 billion
to $10 billion with concentration levels
rising from approximately 127 percent
in 1993 to approximately 300 percent in
third quarter 2006.
While current CRE market
fundamentals remain generally strong,
and supply and demand are generally in
balance, past history has demonstrated
that commercial real estate markets can
experience fairly rapid changes. For
institutions with significant
concentrations, the ability to withstand
difficult market conditions will depend
heavily on the adequacy of their risk
management practices and capital
levels. In recent examinations, the
Agencies’ examiners have observed that
some institutions have relaxed their
underwriting standards as a result of
strong competition for business.
Further, examiners also have identified
a number of institutions with high CRE
concentrations that lack appropriate
policies and procedures to manage the
associated risk arising from a CRE
concentration. For these reasons, the
Agencies are concerned with
institutions’ CRE concentrations and the
risks arising from such concentrations.
To address these concerns, the
Agencies published for comment
proposed Interagency Guidance on
Concentrations in Commercial Real
Estate Lending, Sound Risk
Management Practices, 71 FR 2302
(January 13,2006). The proposal set
forth thresholds to identify institutions
with CRE loan concentrations that
would be subject to greater supervisory
scrutiny. As provided in the proposal,
an institution exceeding these
thresholds would be deemed to have a
CRE concentration and expected to have
appropriate risk management practices
as described in the proposed guidance.
After reviewing the public comment
letters 2 on the proposal, the Agencies
are now issuing final Guidance to
remind institutions that there are
substantial risks posed by CRE
concentrations and that these risks
should be recognized and appropriately
addressed. The final Guidance describes
sound risk management practices that
are important for an institution that has
strategically decided to concentrate in
CRE lending. These risk management
practices build upon existing real estate
lending regulations and guidelines. The
Agencies also have clarified that they
are not establishing a limit on the
amount of commercial real estate
lending that an institution may conduct.
2 The Agencies did receive a number of comment
letters requesting a 30-day extension of the
comment period, which the Agencies granted. See
71 FR 13215 (March 14, 2006).
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]]>Agencies
[Federal Register Volume 71, Number 238 (Tuesday, December 12, 2006)]
[Notices]
[Pages 74579-74580]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-21112]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
December 6, 2006.
The Department of the Treasury has submitted the following public
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of
the submission(s) may be obtained by calling the Treasury Bureau
Clearance Officer listed. Comments regarding this information
collection should be addressed to the OMB reviewer listed and to the
Treasury Department Clearance Officer, Department of the Treasury, Room
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.
[[Page 74580]]
DATES: Written comments should be received on or before January 11,
2007 to be assured of consideration.
Alcohol and Tobacco Tax and Trade Bureau (TTB)
OMB Number: 1513-0107.
Type of Review: Revision.
Title: Monthly Report--Tobacco Products Importer.
Form: TTB 5220.6.
Description: Reports of the importation and disposition of tobacco
products are necessary to determine whether those issued the permits
required by 26 U.S.C. 5713 should be allowed to continue their
operations or renew their permits. This report is used to accomplish
this goal, which protects the revenue.
Respondents: Business and other for profits.
Estimated Total Burden Hours: 7,258 hours.
Clearance Officer: Frank Foote, (202) 927-9347, Alcohol and Tobacco
Tax and Trade Bureau, Room 200 East, 1310 G. Street, NW., Washington,
DC 20005.
OMB Reviewer: Alexander T. Hunt, (202) 395-7316, Office of
Management and Budget, Room 10235, New Executive Office Building,
Washington, DC 20503.
Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. E6-21112 Filed 12-11-06; 8:45 am]
BILLING CODE 4810-31-P
