Notice of Issuance of Statement of Federal Financial Accounting Standards (SFFAS) 34, “The Hierarchy of Generally Accepted Accounting Principles for Federal Entities, Including the Application of Standards Issued by the Financial Accounting Standards Board”, 38427-38428 [E9-18449]

Download as PDF sroberts on DSKD5P82C1PROD with NOTICES Federal Register / Vol. 74, No. 147 / Monday, August 3, 2009 / Notices procedures prescribed in 5 CFR 1320.12. On April 21, 2009 (74 FR 18226), EPA sought comments on this ICR pursuant to 5 CFR 1320.8(d). EPA received no comments during the comment period. Any additional comments on this ICR should be submitted to EPA and OMB within 30 days of this notice. EPA has established a public docket for this ICR under Docket ID No. EPA– HQ–OAR–2005–0490, which is available for online viewing at https:// www.regulations.gov, or in person viewing at the Air and Radiation Docket in the EPA Docket Center (EPA/DC), EPA West, Room 3334, 1301 Constitution Ave., NW., Washington, DC. The EPA/DC Public Reading Room is open from 8 a.m. to 4:30 p.m., Monday through Friday, excluding legal holidays. The telephone number for the Reading Room is 202–566–1744, and the telephone number for the Air and Radiation Docket is 202–566–1742. Use EPA’s electronic docket and comment system at https:// www.regulations.gov to submit or view public comments, access the index listing of the contents of the docket, and to access those documents in the docket that are available electronically. Once in the system, select ‘‘docket search,’’ then key in the docket ID number identified above. Please note that EPA’s policy is that public comments, whether submitted electronically or in paper, will be made available for public viewing at https://www.regulations.gov as EPA receives them and without change, unless the comment contains copyrighted material, confidential business information (CBI), or other information whose public disclosure is restricted by statute. For further information about the electronic docket, go to https://www.regulations.gov. Title: Consolidated Emissions Reporting Rule (Renewal). ICR numbers: EPA ICR No. 0916.13, OMB Control No. 2060–0088. ICR Status: This ICR is scheduled to expire on October 31, 2009. Under OMB regulations, the Agency may continue to conduct or sponsor the collection of information while this submission is pending at OMB. An Agency may not conduct or sponsor, and a person is not required to respond to, a collection of information, unless it displays a currently valid OMB control number. The OMB control numbers for EPA’s regulations in title 40 of the CFR, after appearing in the Federal Register when approved, are listed in 40 CFR part 9 and displayed either by publication in the Federal Register or by other appropriate means, such as on the related collection instrument or form, if applicable. The display of OMB control VerDate Nov<24>2008 16:05 Jul 31, 2009 Jkt 217001 numbers in certain EPA regulations is consolidated in 40 CFR part 9. Abstract: EPA has promulgated a Consolidated Emissions Reporting Rule (CERR) (40 CFR part 51, subpart A) to coordinate new emissions inventory reporting requirements with existing requirements of the Clean Air Act (CAA) and the 1990 Amendments. Under the CERR, 55 State and territorial air quality agencies, including the District of Columbia (DC), as well as an estimated 49 local air quality agencies, must annually submit emissions data for point sources emitting specified levels of volatile organic compounds, oxides of nitrogen, carbon monoxide, sulfur dioxide, particulate matter less than or equal to 10 micrometers in diameter, particulate matter less than or equal to 2.5 micrometers in diameter (PM2.5), and ammonia (NH3). Every 3 years, states are required to submit a point source inventory, as well as a statewide stationary nonpoint, nonroad mobile, onroad mobile, and biogenic source inventory for all criteria pollutants (including lead and lead compounds) and their precursors. The emissions data submitted for the annual and 3-year cycle inventories for stationary point, nonpoint, nonroad mobile, and onroad mobile sources are used by EPA’s Office of Air Quality Planning and Standards to assist in developing ambient air quality emission standards, performing regional modeling, and preparing national trends assessments and special analyses and reports. Any data submitted to EPA under the CERR is in the public domain and cannot be treated as confidential. Burden Statement: The annual public reporting and recordkeeping burden for this collection of information is estimated to average 31 hours per response. The total number of respondents is assumed to be 1,863. This total number of respondents includes 104 State agencies that are subject to the CERR data reporting requirements and 1,759 sources that are not subject, but are assumed to incur the burden for reporting estimates of PM2.5 and NH3 to State agencies. Burden means the total time, effort, or financial resources expended by persons to generate, maintain, retain, or disclose or provide information to or for a Federal agency. This includes the time needed to review instructions; develop, acquire, install, and utilize technology and systems for the purposes of collecting, validating, and verifying information, processing and maintaining information, and disclosing and providing information; adjust the existing ways to comply with any previously applicable instructions and PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 38427 requirements which have subsequently changed; train personnel to be able to respond to a collection of information; search data sources; complete and review the collection of information; and transmit or otherwise disclose the information. Respondents/Affected Entities: 55 State and territorial air pollution control agencies, 49 local air agencies, and 1,759 industry sources. Estimated Number of Respondents: 1,863. Frequency of Response: Annual. Estimated Total Annual Hour Burden: 57,698. Estimated Total Annual Cost: $230,880, includes $230,880 annualized capital or operational and maintenance costs. Changes in the Estimates: There is a decrease of 474 hours in the total estimated burden currently identified in the OMB Inventory of Approved ICR Burdens. This decrease is due to use of updated point source reporting data from the 2005 National Emissions Inventory indicating fewer Type A sources will be reported annually to EPA. Dated: July 21, 2009. Jenny Noonan Edmonds, Acting Director, Office of Air Quality Planning and Standards. [FR Doc. E9–18478 Filed 7–31–09; 8:45 am] BILLING CODE 6560–50–P FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD Notice of Issuance of Statement of Federal Financial Accounting Standards (SFFAS) 34, ‘‘The Hierarchy of Generally Accepted Accounting Principles for Federal Entities, Including the Application of Standards Issued by the Financial Accounting Standards Board’’ 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 issued Statement of Federal Financial Accounting Standards (SFFAS) 34, The Hierarchy of Generally Accepted Accounting Principles for Federal Entities, Including the Application of Standards Issued by the Financial Accounting Standards Board. E:\FR\FM\03AUN1.SGM 03AUN1 38428 Federal Register / Vol. 74, No. 147 / Monday, August 3, 2009 / Notices SFFAS 34 incorporates the hierarchy of generally accepted accounting principles (GAAP) into the FASAB’s authoritative literature. The ‘‘GAAAP hierarchy’’ consists of the sources of accounting principles used in the preparation of financial statements of Federal reporting entities that are presented in conformity with GAAP and the framework for selecting those principles. The statement is available on the FASAB home page https:// www.fasab.gov/exposure.html. Copies can be obtained by contacting FASAB at (202) 512–7350. FOR FURTHER INFORMATION CONTACT: Wendy Payne, Executive Director, at (202) 512–7350. from the National Information Center website at www.ffiec.gov/nic/. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than August 28, 2009. A. Federal Reserve Bank of New York (Ivan Hurwitz, Bank Applications Officer) 33 Liberty Street, New York, New York 10045–0001: 1. Morgan Stanley, New York, New York; to acquire up to 9.9 percent of the voting shares of Community Bankers Trust Corporation, Glen Allen, Virginia, and thereby indirectly acquire voting shares of Bank of Essex, Essex, Virginia. Authority: Federal Advisory Committee Act, Public Law 92–463. Dated: July 29, 2009. Charles Jackson, Federal Register Liaison Officer. [FR Doc. E9–18449 Filed 7–31–09; 8:45 am] Board of Governors of the Federal Reserve System, July 29, 2009. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E9–18448 Filed 7–31–09; 8:45 am] BILLING CODE 6210–01–S BILLING CODE 1610–01–P DEPARTMENT OF DEFENSE A. Purpose Formations of, Acquisitions by, and Mergers of Bank Holding Companies sroberts on DSKD5P82C1PROD with NOTICES FEDERAL RESERVE SYSTEM GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION 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. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The applications also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained [OMB Control No. 9000–0026] VerDate Nov<24>2008 16:05 Jul 31, 2009 Jkt 217001 Federal Acquisition Regulation; Submission for OMB Review; Change Order Accounting AGENCIES: Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). ACTION: Notice of request for public comments regarding an extension to an existing OMB clearance (9000–0026). SUMMARY: Under the provisions of the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the Federal Acquisition Regulation (FAR) Secretariat will be submitting to the Office of Management and Budget (OMB) a request to review and approve an extension of a currently approved information collection requirement concerning change order accounting. A request for public comments was published in the Federal Register at 74 FR 18718, April 24, 2009. No comments were received. Public comments are particularly invited on: Whether this collection of information is necessary for the proper performance of functions of the FAR, and whether it will have practical utility; whether our estimate of the public burden of this collection of PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 information is accurate, and based on valid assumptions and methodology; ways to enhance the quality, utility, and clarity of the information to be collected; and ways in which we can minimize the burden of the collection of information on those who are to respond, through the use of appropriate technological collection techniques or other forms of information technology. DATES: Submit comments on or before September 2, 2009. ADDRESSES: Submit comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: FAR Desk Officer, OMB, Room 10102, NEOB, Washington, DC 20503, and a copy to the General Services Administration, Regulatory Secretariat (VPR), 1800 F Street, NW., Room 4041, Washington, DC 20405. FOR FURTHER INFORMATION CONTACT: Beverly Cromer, Contract Policy Division, GSA, (202) 501–1448 or via e-mail at Beverly.Cromer@gsa.gov. SUPPLEMENTARY INFORMATION: FAR clause 52.243–6, Change Order Accounting, requires that, whenever the estimated cost of a change or series of related changes exceed $100,000, the contracting officer may require the contractor to maintain separate accounts for each change or series of related changes. The account shall record all incurred segregable, direct costs (less allocable credits) of work, both changed and unchanged, allocable to the change. These accounts are to be maintained until the parties agree to an equitable adjustment for the changes or until the matter is conclusively disposed of under the Disputes clause. This requirement is necessary in order to be able to account properly for costs associated with changes in supply and research and development contracts that are technically complex and incur numerous changes. B. Annual Reporting Burden Respondents: 8,750. Responses per Respondent: 18. Annual Responses: 157,500. Hours per Response: .084. Total Burden Hours: 13,230. C. Annual Recordkeeping Burden Recordkeepers: 8,750. Hours per Recordkeeper: 1.5. Total Recordkeeping Burden Hours: 13,125. Total Burden Hours: 26,355. Obtaining Copies of Proposals: Requesters may obtain a copy of the information collection documents from E:\FR\FM\03AUN1.SGM 03AUN1

Agencies

[Federal Register Volume 74, Number 147 (Monday, August 3, 2009)]
[Notices]
[Pages 38427-38428]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-18449]


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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


Notice of Issuance of Statement of Federal Financial Accounting 
Standards (SFFAS) 34, ``The Hierarchy of Generally Accepted Accounting 
Principles for Federal Entities, Including the Application of Standards 
Issued by the Financial Accounting Standards Board''

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 issued 
Statement of Federal Financial Accounting Standards (SFFAS) 34, The 
Hierarchy of Generally Accepted Accounting Principles for Federal 
Entities, Including the Application of Standards Issued by the 
Financial Accounting Standards Board.

[[Page 38428]]

    SFFAS 34 incorporates the hierarchy of generally accepted 
accounting principles (GAAP) into the FASAB's authoritative literature. 
The ``GAAAP hierarchy'' consists of the sources of accounting 
principles used in the preparation of financial statements of Federal 
reporting entities that are presented in conformity with GAAP and the 
framework for selecting those principles.
    The statement is available on the FASAB home page https://www.fasab.gov/exposure.html. Copies can be obtained by contacting FASAB 
at (202) 512-7350.

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

    Authority:  Federal Advisory Committee Act, Public Law 92-463.

    Dated: July 29, 2009.
Charles Jackson,
Federal Register Liaison Officer.
[FR Doc. E9-18449 Filed 7-31-09; 8:45 am]
BILLING CODE 1610-01-P
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