Notice of Agreements Filed, 4229-4230 [E8-1225]

Download as PDF jlentini on PROD1PC65 with NOTICES Federal Register / Vol. 73, No. 16 / Thursday, January 24, 2008 / Notices assumptions are not used, banks would report either ‘‘N/A’’ or ‘‘0’’ (none) for these data items, as discussed in the instructions. Several commenters also raised a question about which specific subsidiaries the operational risk disclosures would apply to. The agencies believe that all banking subsidiaries that qualify for and adopt the advanced approaches for calculating regulatory capital should be required to submit information about the regulatory capital held against operational risk capital to include certain details about the information used to model operational risk capital. In those situations where a banking subsidiary does not use a specified technique or assumption, it will be allowed to report either ‘‘N/A’’ or ‘‘0’’ depending on the context of the reported data item. The agencies received the following technical comments on the operational risk schedule: • Several commenters requested clarification whether column B in the proposed operational risk reporting schedule refers to the quarterly reporting period for the schedule or for a model that may be annual. The agencies have decided to eliminate column B from the schedule; • Several commenters requested clarification on how to report starting and ending dates for event loss data when these dates differ for frequency and for severity estimation purposes. The agencies have revised the schedule to request starting and ending dates for both historical frequency and severity distribution data, and only to the extent a bank uses this information to model operational risk capital (see data items 8a through 8d); • Several commenters requested clarification of how to report loss thresholds in data item 9 of the schedule when multiple thresholds are used within the modeling framework. The agencies have clarified the instructions to require reporting of the largest threshold used; • Several commenters requested clarification of how to report the number and dollar amount of individual loss events in data items 11 through 15 of the schedule when losses below internal thresholds are aggregated without capturing the number of individual events. Another commenter also requested that banks be allowed to report losses on an event basis rather than a dollar volume basis and that banks be allowed to report such information on a one quarter lagged basis. The agencies have clarified the instructions to specify that a loss event may encompass multiple loss VerDate Aug<31>2005 20:35 Jan 23, 2008 Jkt 214001 transactions as long as they are all related to the same event. However, losses that do not relate to the same event should be considered separate loss events and should be separately counted for purposes of reporting data items 11 through 15. The instructions have also been clarified to state that reporting of the dollar volume of losses in data item 15 should be calculated on an event basis. In addition, data item 14a for loss events ‘‘less than $10,000’’ and data item 15a for the dollar amount of losses ‘‘Less than $10,000’’ have been added to provide a comprehensive distribution of loss events. The agencies have eliminated the requirement to report loss event information pertaining to the ‘‘current reporting period’’ and therefore see no need to allow banks to report remaining loss event information on a one quarter lagged basis; • Two commenters requested confirmation that information pertaining to the number of scenarios used to model operational risk capital on data items 16 through 18 referred to the number of relevant industry events. The agencies have clarified the reporting instructions to state that only scenarios used in calculating the riskbased capital requirements for operational risk should be included in these data items. In addition, data item 18a, for scenario analysis in the range of ‘‘less than $1 million’’ was added in order to provide a comprehensive distribution of scenario data; • Several commenters requested clarification of information pertaining to distributional assumptions in data items 20 and 21 as to whether the change in assumptions refers to a change in a parameter of a distribution or a change in the distribution class or type. The agencies have clarified the instructions to specify that the change in assumptions refers to a change in distribution type. Further, no reporting is required when the bank does not use a frequency or severity distribution to model risk-based capital for operational risk; and • Several commenters requested confirmation that the agencies would accept ‘‘not applicable’’ in response to the loss cap information requested in data items 22 through 24 when a bank does not use loss caps. The agencies have clarified the instructions to report the number ‘‘0’’ on line 22 and ‘‘N/A’’ in lines 23 and 24 when no loss caps are used. V. Request for Comment Public comment is requested on all aspects of this joint notice. Comments are invited on: PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 4229 (a) Whether the proposed new collections of information are necessary for the proper performance of the agencies’ functions, including whether the information has practical utility; (b) The accuracy of the agencies’ estimates of the burden of the proposed information collections, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start up costs and costs of operation, maintenance, and purchase of services to provide information. Comments submitted in response to this joint notice will be shared among the agencies. All comments will become a matter of public record. Dated: January 10, 2008. Stuart E. Feldstein, Assistant Director, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System, January 17, 2008. Robert deV. Frierson, Deputy Secretary of the Board. Dated at Washington, DC, this 14th day of January, 2008. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. Dated: January 17, 2008. Deborah Dakin, Senior Deputy Chief Counsel, Regulations and Legislation Division, The Office of Thrift Supervision. [FR Doc. E8–1198 Filed 1–23–08; 8:45 am] BILLING CODE 4810–33–P, 6714–01–P, 6210–01–P, 6720–01–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.: 011839–007. Title: Med-Gulf Space Charter Agreement. E:\FR\FM\24JAN1.SGM 24JAN1 4230 Federal Register / Vol. 73, No. 16 / Thursday, January 24, 2008 / Notices Parties: Hapag-Lloyd AG and Compania Sud Americana de Vapores S.A. Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment would reduce the amount of space chartered to Compania Sud Americana de Vapores S.A. Agreement No.: 011962–004. Title: Consolidated Chassis Management Pool Agreement. Parties: The Ocean Carrier Equipment Management Association and its member lines; the Association’s subsidiary Consolidated Chassis Management LLC and its affiliates; China Shipping Container Lines Co., Ltd.; Companhia Libra de Navegacao; Compania Libra de Navegacion Uruguay; Matson Navigation Co.; Mediterranean Shipping Co., S.A.; Norasia Container Lines Limited; Westwood Shipping Lines; and Zim Integrated Shipping Services Ltd. Filing Party: Jeffrey F. Lawrence, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment would add the Midwest Consolidated Chassis Pool LLC as a member to the agreement. Agreement No.: 012023. Title: CSAV/NYK ECUS–WCSA Space Charter Agreement. Parties: Compania Sud Americana de Vapores S.A. and Nippon Yusen Kaisha. Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The agreement authorizes CSAV to charter space to NYK for the carriage of vehicles from Baltimore and Miami to ports in Chile and Peru. By Order of the Federal Maritime Commission. Dated: January 18, 2008. Karen V. Gregory, Assistant Secretary. [FR Doc. E8–1225 Filed 1–23–08; 8:45 am] BILLING CODE 6730–01–P FEDERAL TRADE COMMISSION [Docket No. 9325] Herbs Nutrition Corporation, et al.; Analysis of Proposed Consent Order to Aid Public Comment Federal Trade Commission. ACTION: Proposed Consent Agreement. jlentini on PROD1PC65 with NOTICES AGENCY: SUMMARY: The consent agreement in this matter settles alleged violations of federal law prohibiting unfair or deceptive acts or practices or unfair VerDate Aug<31>2005 20:35 Jan 23, 2008 Jkt 214001 methods of competition. The attached Analysis to Aid Public Comment describes both the allegations in the complaint and the terms of the consent order—embodied in the consent agreement—that would settle these allegations. Comments must be received on or before February 19, 2008. ADDRESSES: Interested parties are invited to submit written comments. Comments should refer to ‘‘Herbs Nutrition, Docket No. 9325,’’ to facilitate the organization of comments. A comment filed in paper form should include this reference both in the text and on the envelope, and should be mailed or delivered to the following address: Federal Trade Commission/ Office of the Secretary, Room 135-H, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580. Comments containing confidential material must be filed in paper form, must be clearly labeled ‘‘Confidential,’’ and must comply with Commission Rule 4.9(c). 16 CFR 4.9(c) (2005).1 The FTC is requesting that any comment filed in paper form be sent by courier or overnight service, if possible, because U.S. postal mail in the Washington area and at the Commission is subject to delay due to heightened security precautions. Comments that do not contain any nonpublic information may instead be filed in electronic form as part of or as an attachment to email messages directed to the following email box: consentagreement@ftc.gov. The FTC Act and other laws the Commission administers permit the collection of public comments to consider and use in this proceeding as appropriate. All timely and responsive public comments, whether filed in paper or electronic form, will be considered by the Commission, and will be available to the public on the FTC website, to the extent practicable, at www.ftc.gov. As a matter of discretion, the FTC makes every effort to remove home contact information for individuals from the public comments it receives before placing those comments on the FTC website. More information, including routine uses permitted by the Privacy Act, may be found in the FTC’s privacy policy, at https://www.ftc.gov/ ftc/privacy.htm. DATES: 1 The comment must be accompanied by an explicit request for confidential treatment, including the factual and legal basis for the request, and must identify the specific portions of the comment to be withheld from the public record. The request will be granted or denied by the Commission’s General Counsel, consistent with applicable law and the public interest. See Commission Rule 4.9(c), 16 CFR 4.9(c). PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 FOR FURTHER INFORMATION CONTACT: Gregory Ashe (202–326–3719) or Janice Frankle (202–326–3022), Bureau of Consumer Protection, 600 Pennsylvania Avenue, NW., Washington, D.C. 20580. SUPPLEMENTARY INFORMATION: Pursuant to section 6(f) of the Federal Trade Commission Act, 38 Stat. 721, 15 U.S.C. 46(f), and § 3.25(f) of the Commission Rules of Practice, 16 CFR 3.25(f), notice is hereby given that the above-captioned consent agreement containing a consent order to cease and desist, having been filed with and accepted, subject to final approval, by the Commission, has been placed on the public record for a period of thirty (30) days. The following Analysis to Aid Public Comment describes the terms of the consent agreement, and the allegations in the complaint. An electronic copy of the full text of the consent agreement package can be obtained from the FTC Home Page (for January 17, 2008), on the World Wide Web, at https:// www.ftc.gov/os/2008/01/index.htm. A paper copy can be obtained from the FTC Public Reference Room, Room 130H, 600 Pennsylvania Avenue, NW, Washington, D.C. 20580, either in person or by calling (202) 326-2222. Public comments are invited, and may be filed with the Commission in either paper or electronic form. All comments should be filed as prescribed in the ADDRESSES section above, and must be received on or before the date specified in the DATES section. Analysis of Agreement Containing Consent Order to Aid Public Comment The Federal Trade Commission (‘‘FTC’’ or ‘‘Commission’’) has accepted, subject to final approval, an agreement containing a consent order from Herbs Nutrition Corporation, a corporation, and Syed Jafry, individually and as an officer of Herbs Nutrition (together, ‘‘respondents’’). The proposed order resolves the allegations of the complaint issued against the respondents on September 28, 2007. The proposed consent order has been placed on the public record for thirty (30) days for reception of comments by interested persons. Comments received during this period will become part of the public record. After thirty (30) days, the Commission will again review the agreement and the comments received and will decide whether it should withdraw from the agreement or make final the agreement’s proposed order. This matter involves the advertising and promotion of Eternal Woman Progesterone Cream and Pro-Gest Body Cream, transdermal creams that, according to their respective labels, contain, among other ingredients, E:\FR\FM\24JAN1.SGM 24JAN1

Agencies

[Federal Register Volume 73, Number 16 (Thursday, January 24, 2008)]
[Notices]
[Pages 4229-4230]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-1225]


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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.: 011839-007.
    Title: Med-Gulf Space Charter Agreement.

[[Page 4230]]

    Parties: Hapag-Lloyd AG and Compania Sud Americana de Vapores S.A.
    Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell; 1850 M 
Street, NW.; Suite 900; Washington, DC 20036.
    Synopsis: The amendment would reduce the amount of space chartered 
to Compania Sud Americana de Vapores S.A.

    Agreement No.: 011962-004.
    Title: Consolidated Chassis Management Pool Agreement.
    Parties: The Ocean Carrier Equipment Management Association and its 
member lines; the Association's subsidiary Consolidated Chassis 
Management LLC and its affiliates; China Shipping Container Lines Co., 
Ltd.; Companhia Libra de Navegacao; Compania Libra de Navegacion 
Uruguay; Matson Navigation Co.; Mediterranean Shipping Co., S.A.; 
Norasia Container Lines Limited; Westwood Shipping Lines; and Zim 
Integrated Shipping Services Ltd.
    Filing Party: Jeffrey F. Lawrence, Esq.; Sher & Blackwell LLP; 1850 
M Street, NW.; Suite 900; Washington, DC 20036.
    Synopsis: The amendment would add the Midwest Consolidated Chassis 
Pool LLC as a member to the agreement.

    Agreement No.: 012023.
    Title: CSAV/NYK ECUS-WCSA Space Charter Agreement.
    Parties: Compania Sud Americana de Vapores S.A. and Nippon Yusen 
Kaisha.
    Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M 
Street, NW.; Suite 900; Washington, DC 20036.
    Synopsis: The agreement authorizes CSAV to charter space to NYK for 
the carriage of vehicles from Baltimore and Miami to ports in Chile and 
Peru.

    By Order of the Federal Maritime Commission.

    Dated: January 18, 2008.
Karen V. Gregory,
Assistant Secretary.
 [FR Doc. E8-1225 Filed 1-23-08; 8:45 am]
BILLING CODE 6730-01-P
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