Deposit Insurance Assessments-2008 Designated Reserve Ratio, 65576-65577 [E7-22576]

Download as PDF 65576 Federal Register / Vol. 72, No. 224 / Wednesday, November 21, 2007 / Notices Dated: November 7, 2007. Peter Caulkins, Acting Director, Special Review and Reregistration Division, Office of Pesticide Programs. [FR Doc. E7–22382 Filed 11–20–07; 8:45 am] BILLING CODE 6560–50–S ENVIRONMENTAL PROTECTION AGENCY [FRL–8498–5] Proposed Administrative Cost Recovery Settlement Pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act; Universal Laboratories Superfund Site, Detroit, MI, Wayne County and Mr. Joseph Z. Oram, 29501 Greenfield, Suite 219, Southfield, MI Environmental Protection Agency (EPA). ACTION: Notice; request for public comment. pwalker on PROD1PC71 with NOTICES AGENCY: SUMMARY: In accordance with Section 122(i) of the Comprehensive Environmental Response, Compensation, and Liability Act, as amended (‘‘CERCLA’’) 42 U.S.C. 9622(i), notice is hereby given of a proposed administrative settlement for recovery of past response costs concerning the Universal Laboratories Superfund Site in Detroit, Michigan with the following Settling Party: Mr. Joseph Z. Oram, 29501 Greenfield, Suite 219, Southfield, Michigan. The settlement requires that the Settling Party shall pay $28,000.00 to the Hazardous Substance Superfund within 30 days of the effective date of the CERCLA Section 122(h) Administrative Order. Settling Party shall also pay interest at the Superfund interest rate (5.02% through September 30, 2007, and 4.34% as of October 1, 2007) for the time period between March 29, 2007 and the date of payment. The settlement includes a covenant not to sue the Settling Party pursuant to Section 107(a) of CERCLA, 42 U.S.C. 9607(a), to recover past response costs. This covenant not to sue is conditioned upon the satisfactory performance by Settling Party of its obligations under the Agreement. U.S. EPA is proposing this Agreement because it provides reimbursement to U.S. EPA for part of its past costs at the Universal Laboratories Superfund Site. For thirty (30) days following the date of publication of this notice, the Agency will receive written comments relating to the settlement. The Agency will consider all comments received and may modify or withdraw its consent to the settlement if comments received VerDate Aug<31>2005 16:56 Nov 20, 2007 Jkt 214001 disclose facts or considerations which indicate that the settlement is inappropriate, improper, or inadequate. The Agency’s response to any comments received will be available for public inspection at the Superfund Division Record Center, U.S. Environmental Protection Agency, 77 West Jackson Blvd., Chicago, Illinois 60604–3590. DATES: Comments must be submitted on or before December 21, 2007. ADDRESSES: The proposed settlement is available for public inspection at the Office of Regional Counsel, U.S. EPA, Region 5, 77 W. Jackson Blvd., 14th Fl., Chicago, Illinois 60604. A copy of the proposed settlement may be obtained from Thomas Turner, Office of Regional Counsel, Mail Code C–14J, U.S. EPA, Region 5, 77 West Jackson Blvd., Chicago, Illinois 60604. Comments should reference the Universal Laboratories Superfund Site, Detroit, Michigan and should be addressed to Debbie Keating, Superfund Division, Mail Code SE–5J, U.S. EPA, Region 5, 77 West Jackson Blvd., Chicago, Illinois 60604. FOR FURTHER INFORMATION CONTACT: Thomas Turner, Office of Regional Counsel, Mail Code C–14J, U.S. Environmental Protection Agency, Region 5, 77 West Jackson Blvd., Chicago, Illinois 60604 or call (312) 886–6613. SUPPLEMENTARY INFORMATION: As to the Settling Party: Richard M. Taubman, Esq., Taubman, Nadis & Neuman, P.C., 32255 Northwestern Highway, Suite 200, Farmington Hills, MI 48334–1574. Dated: October 29, 2007. Matthew Mankowski, Acting Director, Superfund Division. [FR Doc. E7–22757 Filed 11–20–07; 8:45 am] BILLING CODE 6560–50–P EXPORT-IMPORT BANK OF THE UNITED STATES Sunshine Act Meeting Export-Import Bank of the United States. ACTION: Cancellation of a Government in the Sunshine Act Meeting. AGENCY: Original Time and Place: Tuesday, November 20, 2007 at 9:30 a.m. Place: Room 1132, 811 Vermont Avenue, NW., Washington, DC 20571. The Export-Import Bank of the United States has cancelled the Government in the Sunshine Act meeting which was scheduled for November 20, 2007. The Bank will reschedule this meeting at a future date. Earlier announcement of this cancellation was not possible. PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 FOR FURTHER INFORMATION CONTACT: Office of the Secretary, 811 Vermont Avenue, NW., Washington, DC 20571 (Tel. No. 202–565–3957). Howard A. Schweitzer, General Counsel. [FR Doc. 07–5806 Filed 11–19–07; 2:49 pm] BILLING CODE 6690–01–M FEDERAL DEPOSIT INSURANCE CORPORATION Deposit Insurance Assessments—2008 Designated Reserve Ratio Federal Deposit Insurance Corporation (FDIC). ACTION: Notice. AGENCY: At a meeting on November 5, 2007, pursuant to provisions in the Federal Deposit Insurance Act, the Board of Directors of the FDIC (Board) set the 2008 designated reserve ratio (DRR) for the Deposit Insurance Fund (DIF) at 1.25% of estimated insured deposits.1 The 2008 DRR of 1.25% is unchanged from the 2007 DRR.2 The Board is publishing this notice as required by section 7(b)(3)(A)(i) of the Federal Deposit Insurance Act (12 U.S.C. 1817(b)(3)(A)(i)).3 The following is the link to the staff memorandum on which the Board acted when setting the DIF 2008 DRR: http://www.fdic.gov/news/board/ 07memo4nov5.pdf FOR FURTHER INFORMATION CONTACT: Munsell W. St. Clair, Senior Policy Analyst, Division of Insurance and Research, (202) 898–8967; or Joseph A. DiNuzzo, Counsel, Legal Division, (202) 898–7349. 1 Section 7(b)(3)(C) of the FDI Act provides that, in setting the DRR for any year, the Board must: ‘‘(i) Take into account the risk of losses to the Deposit Insurance Fund in such year and future years, including historic experience and potential and estimated losses from insured depository institutions; (ii) take into account economic conditions generally affecting insured depository institutions so as to allow the designated reserve ratio to increase during more favorable economic conditions and to decrease during less favorable economic conditions, notwithstanding the increased risks of loss that may exist during such less favorable conditions, as determined to be appropriate by the Board of Directors; (iii) seek to prevent sharp swings in the assessment rates for insured depository institutions; and (iv) take into account such other factors as the Board of Directors may determine to be appropriate, consistent with the requirements of this subparagraph.’’ 12 U.S.C. 1817(b)(3)(C). 2 The DRR is indicated in section 327.4(g) of the FDIC’s regulations. 12 CFR 327.4(g). There is no need to amend this provision because, as noted, the DRR for 2008 is the same as the current DRR. 3 The applicable provision of the FDI Act requires notice-and-comment rulemaking only when the Board changes the DRR. 12 U.S.C. 1817(b)(3)(A)(ii). E:\FR\FM\21NON1.SGM 21NON1 Federal Register / Vol. 72, No. 224 / Wednesday, November 21, 2007 / Notices Dated at Washington, DC, this 5th day of November, 2007. By order of the Board of Directors. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. E7–22576 Filed 11–20–07; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION Notice of Agreements Filed The Commission hereby gives notice of the filing of the following agreements under the Shipping Act of 1984. Interested parties may submit comments on agreements to the Secretary, Federal Maritime Commission, Washington, DC 20573, within ten days of the date this notice appears in the Federal Register. Copies of agreements are available through the Commission’s Office of Agreements (202–523–5793 or tradeanalysis@fmc.gov). Agreement No.: 011654–018. Title: The Middle East Indian Subcontinent Discussion Agreement. Parties: A.P. Moller-Maersk A/S; CMA CGM S.A.; Emirates Shipping Line FZE; Hapag-Lloyd AG; National Shipping Company of Saudi Arabia; Shipping Corporation of India Ltd.; Swire Shipping Limited; United Arab Shipping Company (S.A.G.); and Zim Integrated Shipping Services, Ltd. Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment deletes MacAndrews & Company Limited as a party to the agreement. pwalker on PROD1PC71 with NOTICES Agreement No.: 201062–002. Title: Lease and Operating Agreement between PRPA and Penn City Investments, Inc.. Parties: Penn City Investments, Inc.; and Philadelphia Regional Port Authority. Filing Party: Paul D. Coleman, Esq.; Hoppel, Mayer & Coleman; 1000 Connecticut Avenue, NW.; Washington, DC 20036. Synopsis: The amendment expands the leased area and settles a disputed rent. Dated: November 16, 2007. By Order of the Federal Maritime Commission. Karen V. Gregory, Assistant Secretary. [FR Doc. E7–22775 Filed 11–20–07; 8:45 am] BILLING CODE 6730–01–P VerDate Aug<31>2005 16:56 Nov 20, 2007 Jkt 214001 FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary License Applicants Notice is hereby given that the following applicants have filed with the Federal Maritime Commission an application for license as a Non-Vessel Operating Common Carrier and Ocean Freight Forwarder—Ocean Transportation Intermediary pursuant to section 19 of the Shipping Act of 1984 as amended (46 U.S.C. Chapter 409 and 46 CFR part 515). Persons knowing of any reason why the following applicants should not receive a license are requested to contact the Office of Transportation Intermediaries, Federal Maritime Commission, Washington, DC 20573. Non-Vessel Operating Common Carrier Ocean Transportation Intermediary Applicants Continental Van Lines, Inc., dba Continental International 4501 West Marginal Way SW., Seattle, WA 98124, Officers: John G. Blaine, President, (Qualifying Individual), Virginia M. Blaine, Vice President Fusion Freight, Inc., 8181 NW. 36 Street, Doral, FL 33166, Officer: Luis A. Nunez, President (Qualifying Individual) Non-Vessel Operating Common Carrier and Ocean Freight Forwarder Transportation Intermediary Applicants SPI International Transportation (U.S.A.) Corp., dba SPI International Transportation, 41661 Enterprises Circle North, Temccula, CA 92590, Officers: Steven P. Rubin, Dir. U.S. Opera., (Qualifying Individual), James L. Taggart, Treasurer International TLC, 11508 SE. 189th Ln., Renton, WA 98055, Aleksandr Barvinenko, Sole Proprietor Baltic Auto Shipping Inc., 1923 N. Broadway Street, Crest Hill, IL 60435, Officer: Andrejus Presiniakovas, President, (Qualifying Individual) Cargo Logistics & Trade Solutions, LLC, 13355 NW 4th Street, Opa-Locka, FL 33054, Officer: Michael L. DeBartolo, Managing Member, (Qualifying Individual) Independent Freight International LLC, 2244 Landmeier Road, Elk Grove Village, IL 60007, Officers: Craig A. Giever, Exec. Vice President, (Qualifying Individual), Stewart M. Brown, President PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 65577 Ocean Freight Forwarder—Ocean Transportation Intermediary Applicants Quality Recycling Services, Inc., 5559 Timmons Ave., Memphis, TN 38119, Officers: Linda C. Bone, Secretary, (Qualifying Individual), Frederick H. Bone, President Max Intertrade Inc., 20085 NE. 3rd Court, North Miami, FL 33179, Officer: Maite R. Blanco, President, (Qualifying Individual) Dated: November 16, 2007. Karen V. Gregory, Assistant Secretary. [FR Doc. E7–22783 Filed 11–20–07; 8:45 am] BILLING CODE 6730–01–P FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary License Revocation The Federal Maritime Commission hereby gives notice that the following Ocean Transportation Intermediary license has been revoked pursuant to section 19 of the Shipping Act of 1984 (46 U.S.C. Chapter 409) and the regulations of the Commission pertaining to the licensing of Ocean Transportation Intermediaries, 46 CFR Part 515, effective on the corresponding date shown below: License Number: 003718F. Name: Sunship International, Inc. Address: 6815 West 95th St., Ste. 1NE, Oak Lawn, IL 60453. Date Revoked: October 31, 2007. Reason: Failed to maintain a valid bond. Sandra L. Kusumoto, Director, Bureau of Certification and Licensing. [FR Doc. E7–22784 Filed 11–20–07; 8:45 am] BILLING CODE 6730–01–P FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. E:\FR\FM\21NON1.SGM 21NON1

Agencies

[Federal Register Volume 72, Number 224 (Wednesday, November 21, 2007)]
[Notices]
[Pages 65576-65577]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-22576]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Deposit Insurance Assessments--2008 Designated Reserve Ratio

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice.

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    At a meeting on November 5, 2007, pursuant to provisions in the 
Federal Deposit Insurance Act, the Board of Directors of the FDIC 
(Board) set the 2008 designated reserve ratio (DRR) for the Deposit 
Insurance Fund (DIF) at 1.25% of estimated insured deposits.\1\ The 
2008 DRR of 1.25% is unchanged from the 2007 DRR.\2\ The Board is 
publishing this notice as required by section 7(b)(3)(A)(i) of the 
Federal Deposit Insurance Act (12 U.S.C. 1817(b)(3)(A)(i)).\3\
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    \1\ Section 7(b)(3)(C) of the FDI Act provides that, in setting 
the DRR for any year, the Board must: ``(i) Take into account the 
risk of losses to the Deposit Insurance Fund in such year and future 
years, including historic experience and potential and estimated 
losses from insured depository institutions; (ii) take into account 
economic conditions generally affecting insured depository 
institutions so as to allow the designated reserve ratio to increase 
during more favorable economic conditions and to decrease during 
less favorable economic conditions, notwithstanding the increased 
risks of loss that may exist during such less favorable conditions, 
as determined to be appropriate by the Board of Directors; (iii) 
seek to prevent sharp swings in the assessment rates for insured 
depository institutions; and (iv) take into account such other 
factors as the Board of Directors may determine to be appropriate, 
consistent with the requirements of this subparagraph.'' 12 U.S.C. 
1817(b)(3)(C).
    \2\ The DRR is indicated in section 327.4(g) of the FDIC's 
regulations. 12 CFR 327.4(g). There is no need to amend this 
provision because, as noted, the DRR for 2008 is the same as the 
current DRR.
    \3\ The applicable provision of the FDI Act requires notice-and-
comment rulemaking only when the Board changes the DRR. 12 U.S.C. 
1817(b)(3)(A)(ii).
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    The following is the link to the staff memorandum on which the 
Board acted when setting the DIF 2008 DRR: http://www.fdic.gov/news/
board/07memo4nov5.pdf

FOR FURTHER INFORMATION CONTACT: Munsell W. St. Clair, Senior Policy 
Analyst, Division of Insurance and Research, (202) 898-8967; or Joseph 
A. DiNuzzo, Counsel, Legal Division, (202) 898-7349.


[[Page 65577]]


    Dated at Washington, DC, this 5th day of November, 2007.

    By order of the Board of Directors.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
 [FR Doc. E7-22576 Filed 11-20-07; 8:45 am]
BILLING CODE 6714-01-P