Notice of Release of Exposure Draft on Accounting for Federal Oil and Gas Resources, 33237 [E9-16399]

Download as PDF Federal Register / Vol. 74, No. 131 / Friday, July 10, 2009 / Notices proposed limestone mining, and made recommendations to reduce and mitigate those impacts, as well as seepage flows. Dated: July 7, 2009. Robert W. Hargrove, Director, NEPA Compliance Division, Office of Federal Activities. [FR Doc. E9–16371 Filed 7–9–09; 8:45 am] BILLING CODE 6560–50–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Agency Meeting Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that at 9:01 a.m. on Tuesday, July 7, 2009, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider a matter related to the Corporation’s corporate, supervisory, and resolution activities. In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Director Thomas J. Curry (Appointive), concurred in by Director John C. Dugan (Comptroller of the Currency), Director John E. Bowman (Acting Director, Office of Thrift Supervision), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matter which was to be the subject of this meeting on less than seven days’ notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matter in a meeting open to public observation; and that the matter could be considered in a closed meeting by authority of subsection (c)(9)(B) of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b(c)(9)(B)). The meeting was held in the Board Room of the FDIC Building located at 550–17th Street, NW., Washington, DC. Dated: July 7, 2009. Robert E. Feldman, Executive Secretary, Federal Deposit Insurance Corporation. [FR Doc. E9–16396 Filed 7–9–09; 8:45 am] sroberts on DSKD5P82C1PROD with NOTICES BILLING CODE P FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD Notice of Release of Exposure Draft on Accounting for Federal Oil and Gas Resources AGENCY: Federal Accounting Standards Advisory Board. VerDate Nov<24>2008 22:16 Jul 09, 2009 Jkt 217001 ACTION: Notice. Board Action: Pursuant to 31 U.S.C. 3511(d), the Federal Advisory Committee Act (Pub. L. 92–463), as amended, and the FASAB Rules of Procedure, as amended in April, 2004, notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has released the Exposure Draft on Accounting for Federal Oil and Gas Resources. The exposure draft proposes standards that would result in recognition of the estimated value of royalties from Federal oil and gas leases and changes in those values over time as well as the amount of royalties designated for distribution to nonFederal entities such as State governments. The Exposure Draft is available on the FASAB home page https://www.fasab.gov/exposure.html. Copies can be obtained by contacting FASAB at (202) 512–7350. Respondents are encouraged to comment on any part of the exposure draft. Written comments are requested by September 8, 2009, and should be sent to: Wendy M. Payne, Executive Director, Federal Accounting Standards Advisory Board, 441 G Street, NW., Suite 6814, Mail Stop 6K17V, Washington, DC 20548. FOR FURTHER INFORMATION CONTACT: Wendy Payne, Executive Director, at (202) 512–7350. Authority: Federal Advisory Committee Act, Pub. L. 92–463. Dated: July 7, 2009. Charles Jackson, Federal Register Liaison Officer. [FR Doc. E9–16399 Filed 7–9–09; 8:45 am] BILLING CODE 1610–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2009–N–09] Federal Home Loan Bank Members Selected for Community Support Review AGENCY: Federal Housing Finance Agency. ACTION: Notice. SUMMARY: The Federal Housing Finance Agency (FHFA) is announcing the Federal Home Loan Bank (Bank) members it has selected for the 2008–09 sixth quarter review cycle under the FHFA’s community support requirements regulation. This notice also prescribes the deadline by which Bank members selected for review must PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 33237 submit Community Support Statements to FHFA. DATES: Bank members selected for the review cycle under the FHFA’s community support requirements regulation must submit completed Community Support Statements to FHFA on or before August 31, 2009. ADDRESSES: Bank members selected for the 2008–09 sixth quarter review cycle under the FHFA’s community support requirements regulation must submit completed Community Support Statements to FHFA either by hard-copy mail at the Federal Housing Finance Agency, Housing Mission and Goals, 1625 Eye Street, NW., Washington, DC 20006, or by electronic mail at LENORA.MORTON@FHFA.GOV. FOR FURTHER INFORMATION CONTACT: Lenora Morton, Administrative Specialist, Housing Mission and Goals, Federal Housing Finance Agency, by telephone at 202–408–2819, by electronic mail at LENORA.MORTON@FHFA.GOV, or by hard-copy mail at the Federal Housing Finance Agency, 1625 Eye Street, NW., Washington, DC 20006. SUPPLEMENTARY INFORMATION: I. Selection for Community Support Review Section 10(g)(1) of the Federal Home Loan Bank Act (Bank Act) requires FHFA to promulgate regulations establishing standards of community investment or service Bank members must meet in order to maintain access to long-term advances. See 12 U.S.C. 1430(g)(1). The regulations promulgated by FHFA must take into account factors such as the Bank member’s performance under the Community Reinvestment Act of 1977 (CRA), 12 U.S.C. 2901 et seq., and record of lending to first-time homebuyers. See 12 U.S.C. 1430(g)(2). Pursuant to section 10(g) of the Bank Act, FHFA has promulgated a community support requirements regulation that establishes standards a Bank member must meet in order to maintain access to long-term advances, and review criteria FHFA must apply in evaluating a member’s community support performance. See 12 CFR part 944. The regulation includes standards and criteria for the two statutory factors—CRA performance and record of lending to first-time homebuyers. 12 CFR 944.3. Only members subject to the CRA must meet the CRA standard. 12 CFR 944.3(b). All members, including those not subject to CRA, must meet the first-time homebuyer standard. 12 CFR 944.3(c). Under the rule, FHFA selects approximately one-eighth of the E:\FR\FM\10JYN1.SGM 10JYN1

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Federal Accounting Standards Advisory Board

[Federal Register Volume 74, Number 131 (Friday, July 10, 2009)]
[Notices]
[Page 33237]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-16399]


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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


Notice of Release of Exposure Draft on Accounting for Federal Oil 
and Gas Resources

AGENCY: Federal Accounting Standards Advisory Board.

ACTION: Notice.

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

    Board Action: Pursuant to 31 U.S.C. 3511(d), the Federal Advisory 
Committee Act (Pub. L. 92-463), as amended, and the FASAB Rules of 
Procedure, as amended in April, 2004, notice is hereby given that the 
Federal Accounting Standards Advisory Board (FASAB) has released the 
Exposure Draft on Accounting for Federal Oil and Gas Resources.
    The exposure draft proposes standards that would result in 
recognition of the estimated value of royalties from Federal oil and 
gas leases and changes in those values over time as well as the amount 
of royalties designated for distribution to non-Federal entities such 
as State governments. The Exposure Draft is available on the FASAB home 
page https://www.fasab.gov/exposure.html. Copies can be obtained by 
contacting FASAB at (202) 512-7350.
    Respondents are encouraged to comment on any part of the exposure 
draft. Written comments are requested by September 8, 2009, and should 
be sent to: Wendy M. Payne, Executive Director, Federal Accounting 
Standards Advisory Board, 441 G Street, NW., Suite 6814, Mail Stop 
6K17V, Washington, DC 20548.

FOR FURTHER INFORMATION CONTACT: Wendy Payne, Executive Director, at 
(202) 512-7350.

    Authority:  Federal Advisory Committee Act, Pub. L. 92-463.

    Dated: July 7, 2009.
Charles Jackson,
Federal Register Liaison Officer.
[FR Doc. E9-16399 Filed 7-9-09; 8:45 am]
BILLING CODE 1610-01-P

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