United States Savings Bonds, Series EE and I, 213-214 [2011-33762]
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213
Rules and Regulations
Federal Register
Vol. 77, No. 2
Wednesday, January 4, 2012
This section of the FEDERAL REGISTER
contains regulatory documents having general
applicability and legal effect, most of which
are keyed to and codified in the Code of
Federal Regulations, which is published under
50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by
the Superintendent of Documents. Prices of
new books are listed in the first FEDERAL
REGISTER issue of each week.
DEPARTMENT OF THE TREASURY
Fiscal Service
31 CFR Parts 351, 359, and 363
United States Savings Bonds, Series
EE and I
Bureau of the Public Debt,
Fiscal Service, Treasury.
ACTION: Final rule.
AGENCY:
This rule increases the
amount of book-entry Series EE and
Series I savings bonds a person may
acquire each year.
DATES: Effective January 4, 2012.
ADDRESSES: You can download this final
rule at the following Internet addresses:
https://www.publicdebt.treas.gov, https://
www.gpo.gov, or https://
www.regulations.gov.
SUMMARY:
D.
Michael Linder, Director, Division of
Program Administration, Office of Retail
Securities, Bureau of the Public Debt, at
(304) 480–6319 or
mike.linder@bpd.treas.gov.
Ann Fowler, Attorney-Adviser, David
Copenhaver, Senior Attorney, Edward
Gronseth, Deputy Chief Counsel, Office
of the Chief Counsel, Bureau of the
Public Debt, at (304) 480–8692 or
ann.fowler@bpd.treas.gov.
FOR FURTHER INFORMATION CONTACT:
This rule
increases the amount of book-entry
Series EE and Series I savings bonds a
person may acquire each year. Prior to
this change, an investor could purchase
up to $5,000 each of definitive and
book-entry Series EE savings bonds
($10,000 total), and $5,000 each of
definitive and book-entry Series I
savings bonds ($10,000 total) per
person, per calendar year. However,
Treasury discontinued the issuance of
definitive savings bonds, effective
January 1, 2012. (See 76 FR 66,855 (Oct.
28, 2011)). In order to allow investors to
wreier-aviles on DSK3TPTVN1PROD with RULES
SUPPLEMENTARY INFORMATION:
VerDate Mar<15>2010
14:48 Jan 03, 2012
Jkt 226001
maintain the same level of savings that
existed prior to the elimination of
definitive savings bonds, this rule will
permit investors to acquire a principal
amount of $10,000 of book-entry Series
EE savings bonds and $10,000 of bookentry Series I savings bonds per person,
per calendar year. Book-entry savings
bonds are offered to individuals through
TreasuryDirect ®, which is an Internetaccessed, book-entry system for
purchasing, holding, and conducting
transactions in Treasury securities.
Accordingly, for the reasons set out in
the preamble, 31 CFR chapter II,
subchapter B, is amended as follows:
PART 351—OFFERING OF UNITED
STATES SAVINGS BONDS, SERIES EE
1. The authority citation for part 351
continues to read as follows:
■
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31
U.S.C. 3105.
■
2. Revise § 351.65 to read as follows:
Procedural Requirements
Executive Order 12866. This rule is
not a significant regulatory action
pursuant to Executive Order 12866.
Administrative Procedure Act (APA).
Because this rule relates to United
States securities, which are contracts
between Treasury and the owner of the
security, this rule falls within the
contract exception to the APA, 5 U.S.C.
553(a)(2). As a result, the notice, public
comment, and delayed effective date
provisions of the APA are inapplicable
to this rule.
Regulatory Flexibility Act. The
provisions of the Regulatory Flexibility
Act, 5 U.S.C. 601 et seq., do not apply
to this rule because, pursuant to 5
U.S.C. 553(a)(2), it is not required to be
issued with notice and opportunity for
public comment.
Paperwork Reduction Act (PRA). We
ask for no collections of information in
this final rule. Therefore, the Paperwork
Reduction Act (44 U.S.C. 3501 et seq.)
does not apply.
Congressional Review Act (CRA). This
rule is not a major rule pursuant to the
CRA, 5 U.S.C. 801 et seq., because it is
a minor amendment that is not expected
to lead to any of the results listed in 5
U.S.C. 804(2). This rule will take effect
upon publication in the Federal
Register, after we submit a copy of it to
Congress and the Comptroller General.
§ 351.65 What amount of book-entry
Series EE savings bonds may I acquire per
year?
List of Subjects
§ 359.52
31 CFR Part 351
Bonds, Federal Reserve System,
Government securities.
■
31 CFR Part 359
Bonds, Federal Reserve System,
Government securities.
31 CFR Part 363
Bonds, Electronic funds transfer,
Federal Reserve system, Government
securities, Securities.
PO 00000
Frm 00001
Fmt 4700
Sfmt 4700
The principal amount of book-entry
Series EE savings bonds that you may
acquire in any calendar year is provided
at § 363.52.
§ 351.66
■
3. Remove and reserve § 351.66.
§ 351.67
■
[Removed and Reserved]
[Removed and Reserved]
4. Remove and reserve § 351.67.
PART 359—OFFERING OF UNITED
STATES SAVINGS BONDS, SERIES I
5. The authority citation for part 359
continues to read as follows:
■
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31
U.S.C. 3105.
■
6. Revise § 359.50 to read as follows:
§ 359.50 What amount of book-entry
Series I savings bonds may I acquire per
year?
The principal amount of book-entry
Series I savings bonds that you may
acquire in any calendar year is provided
at § 363.52.
§ 359.51
■
[Removed and Reserved]
7. Remove and reserve § 359.51.
[Removed and Reserved]
8. Remove and reserve § 359.52.
PART 363—REGULATIONS
GOVERNING SECURITIES HELD IN
TREASURYDIRECT
9. The authority citation for part 363
continues to read as follows:
■
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31
U.S.C. 3102, et seq.; 31 U.S.C. 3121, et seq.
■
10. Revise § 363.52 to read as follows:
E:\FR\FM\04JAR1.SGM
04JAR1
214
Federal Register / Vol. 77, No. 2 / Wednesday, January 4, 2012 / Rules and Regulations
§ 363.52 What is the principal amount of
book-entry Series EE and Series I savings
bonds that I may acquire in one year?
ENVIRONMENTAL PROTECTION
AGENCY
(a) The principal amount of bookentry savings bonds that you may
acquire in any calendar year is limited
to $10,000 for Series EE savings bonds
and $10,000 for Series I savings bonds.
(b) Bonds purchased or transferred as
gifts will be included in the
computation of this limit for the account
of the recipient for the year in which the
bonds are delivered to the recipient.
(c) Bonds purchased as gifts or in a
fiduciary capacity are not included in
the computation for the purchaser.
Bonds received due to the death of the
registered owner are not included in the
computation for the recipient.
(d) We reserve the right to take any
action we deem necessary to adjust the
excess, including the right to remove the
excess bonds from your TreasuryDirect
account and refund the payment price
to your bank account of record using the
ACH method of payment.
40 CFR Part 52
Mark Reger,
Acting Fiscal Assistant Secretary.
[FR Doc. 2011–33762 Filed 1–3–12; 8:45 am]
BILLING CODE 4810–39–P
[EPA–R09–OAR–2011–0547; FRL–9480–1]
Revisions to the California State
Implementation Plan, San Joaquin
Valley Unified Air Pollution Control
District (SJVUAPCD)
Environmental Protection
Agency (EPA).
ACTION: Final rule.
AGENCY:
EPA is finalizing approval of
revisions to the San Joaquin Valley Air
Pollution Control District (SJVUAPCD)
portion of the California State
Implementation Plan (SIP). These
revisions were proposed in the Federal
Register on July 11, 2011 and concern
volatile organic compound (VOC),
oxides of nitrogen (NOX), and
particulate matter (PM) emissions from
open burning. We are approving a local
rule that regulates these emission
sources under the Clean Air Act as
amended in 1990 (CAA or the Act).
DATES: Effective Date: This rule is
effective on February 3, 2011.
ADDRESSES: EPA has established docket
number EPA–R09–OAR–2011–0547 for
this action. Generally, documents in the
docket for this action are available
SUMMARY:
electronically at https://
www.regulations.gov or in hard copy at
EPA Region IX, 75 Hawthorne Street,
San Francisco, California. While all
documents in the docket are listed at
https://www.regulations.gov, some
information may be publicly available
only at the hard copy location (e.g.,
copyrighted material, large maps, multivolume reports), and some may not be
available in either location (e.g.,
confidential business information
(CBI)). To inspect the hard copy
materials, please schedule an
appointment during normal business
hours with the contact listed in the FOR
FURTHER INFORMATION CONTACT section.
FOR FURTHER INFORMATION CONTACT:
Rynda Kay, EPA Region IX, (415) 947–
4118, kay.rynda@epa.gov.
SUPPLEMENTARY INFORMATION:
Throughout this document, ‘‘we,’’ ‘‘us’’
and ‘‘our’’ refer to EPA.
Table of Contents
I. Proposed Action
II. Public Comments and EPA Responses
III. EPA Action
IV. Statutory and Executive Order Reviews
I. Proposed Action
On July 11, 2011 (76 FR 132), EPA
proposed to approve the following rules
into the California SIP.
Local agency
Rule No.
Rule title
SJVUAPCD .................................
SJVUAPCD .................................
4103
....................
Open Burning .................................................................................
Table 9–1, Final Staff Report and Recommendations on Agricultural Burning.
We proposed to approve these rules
because we determined that they
complied with the relevant CAA
requirements. Our proposed action
contains more information on the rules
and our evaluation.
wreier-aviles on DSK3TPTVN1PROD with RULES
II. Public Comments and EPA
Responses
EPA’s proposed action provided a 30day public comment period. During this
period, we received comments from the
following party.
1. Sarah Jackson, Earthjustice; letter
and email dated and received August
10, 2011.
The comments and our responses are
summarized below.
Comment #1: Earthjustice commented
on the meaning of reasonably available
control measures (RACM) under section
172(c)(1) of the CAA, noting that ‘‘EPA
has interpreted ‘reasonably available’ to
be a measure that is ‘technologically and
economically feasible and can be readily
implemented.’ ’’ Earthjustice further
VerDate Mar<15>2010
14:48 Jan 03, 2012
Jkt 226001
asserted that ‘‘economic feasibility
considers more than simply
affordability and the cost-benefit ratio’’
and that ‘‘Congress intended RACM to
be applied as those measures became
available.’’
Response #1: We agree that RACM
under section 172(c)(1) incorporates
considerations of technical and
economic feasibility. We note, however,
that, ‘‘Congress provided EPA and
States a great deal of deference for
determining what measures to include
in an attainment plan’’ under CAA
section 172(c)(1) and that ‘‘[b]y
including language in Section 172(c)(1)
that only ‘reasonably available’
measures be considered for RACT/
RACM, and that implementation of
these measures need be applied only ‘as
expeditiously as practicable,’ Congress
clearly intended that the RACT/RACM
requirement be driven by an overall
requirement that the measure be
‘reasonable.’ ’’ 72 FR 20610 (April 25,
2007).
PO 00000
Frm 00002
Fmt 4700
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Adopted
04/15/10
05/20/10
Submitted
04/05/11
04/05/11
Comment #2: Earthjustice asserted
that, ‘‘[t]he District’s RACM
determination is flawed because it
applies a feasibility test that is
inconsistent with EPA guidance and
CAA standards.’’ In particular,
Earthjustice argued that the ‘‘10 percent
of the crop category’s net profits’’ test
used by District ‘‘fails to analyze
whether an alternative is
technologically or economically
feasible.’’ Earthjustice suggested that the
District should conduct a more
comprehensive economic analysis
taking into consideration how the costs
of alternatives to open burning will
impact production, employment,
competition, and prices.
Reponse #2: As an initial matter, we
disagree with the commenter that the
District has made a ‘‘RACM
determination’’ with respect to Rule
4103. The District has provided an
assessment of the economic and
technical feasibility of potential control
measures for this source category, which
E:\FR\FM\04JAR1.SGM
04JAR1
]]>Agencies
[Federal Register Volume 77, Number 2 (Wednesday, January 4, 2012)]
[Rules and Regulations]
[Pages 213-214]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-33762]
========================================================================
Rules and Regulations
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
Prices of new books are listed in the first FEDERAL REGISTER issue of each
week.
========================================================================
Federal Register / Vol. 77, No. 2 / Wednesday, January 4, 2012 /
Rules and Regulations
[[Page 213]]
DEPARTMENT OF THE TREASURY
Fiscal Service
31 CFR Parts 351, 359, and 363
United States Savings Bonds, Series EE and I
AGENCY: Bureau of the Public Debt, Fiscal Service, Treasury.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: This rule increases the amount of book-entry Series EE and
Series I savings bonds a person may acquire each year.
DATES: Effective January 4, 2012.
ADDRESSES: You can download this final rule at the following Internet
addresses: https://www.publicdebt.treas.gov, https://www.gpo.gov, or
https://www.regulations.gov.
FOR FURTHER INFORMATION CONTACT: D. Michael Linder, Director, Division
of Program Administration, Office of Retail Securities, Bureau of the
Public Debt, at (304) 480-6319 or mike.linder@bpd.treas.gov.
Ann Fowler, Attorney-Adviser, David Copenhaver, Senior Attorney,
Edward Gronseth, Deputy Chief Counsel, Office of the Chief Counsel,
Bureau of the Public Debt, at (304) 480-8692 or
ann.fowler@bpd.treas.gov.
SUPPLEMENTARY INFORMATION: This rule increases the amount of book-
entry Series EE and Series I savings bonds a person may acquire each
year. Prior to this change, an investor could purchase up to $5,000
each of definitive and book-entry Series EE savings bonds ($10,000
total), and $5,000 each of definitive and book-entry Series I savings
bonds ($10,000 total) per person, per calendar year. However, Treasury
discontinued the issuance of definitive savings bonds, effective
January 1, 2012. (See 76 FR 66,855 (Oct. 28, 2011)). In order to allow
investors to maintain the same level of savings that existed prior to
the elimination of definitive savings bonds, this rule will permit
investors to acquire a principal amount of $10,000 of book-entry Series
EE savings bonds and $10,000 of book-entry Series I savings bonds per
person, per calendar year. Book-entry savings bonds are offered to
individuals through TreasuryDirect [supreg], which is an Internet-
accessed, book-entry system for purchasing, holding, and conducting
transactions in Treasury securities.
Procedural Requirements
Executive Order 12866. This rule is not a significant regulatory
action pursuant to Executive Order 12866.
Administrative Procedure Act (APA). Because this rule relates to
United States securities, which are contracts between Treasury and the
owner of the security, this rule falls within the contract exception to
the APA, 5 U.S.C. 553(a)(2). As a result, the notice, public comment,
and delayed effective date provisions of the APA are inapplicable to
this rule.
Regulatory Flexibility Act. The provisions of the Regulatory
Flexibility Act, 5 U.S.C. 601 et seq., do not apply to this rule
because, pursuant to 5 U.S.C. 553(a)(2), it is not required to be
issued with notice and opportunity for public comment.
Paperwork Reduction Act (PRA). We ask for no collections of
information in this final rule. Therefore, the Paperwork Reduction Act
(44 U.S.C. 3501 et seq.) does not apply.
Congressional Review Act (CRA). This rule is not a major rule
pursuant to the CRA, 5 U.S.C. 801 et seq., because it is a minor
amendment that is not expected to lead to any of the results listed in
5 U.S.C. 804(2). This rule will take effect upon publication in the
Federal Register, after we submit a copy of it to Congress and the
Comptroller General.
List of Subjects
31 CFR Part 351
Bonds, Federal Reserve System, Government securities.
31 CFR Part 359
Bonds, Federal Reserve System, Government securities.
31 CFR Part 363
Bonds, Electronic funds transfer, Federal Reserve system,
Government securities, Securities.
Accordingly, for the reasons set out in the preamble, 31 CFR
chapter II, subchapter B, is amended as follows:
PART 351--OFFERING OF UNITED STATES SAVINGS BONDS, SERIES EE
0
1. The authority citation for part 351 continues to read as follows:
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.
0
2. Revise Sec. 351.65 to read as follows:
Sec. 351.65 What amount of book-entry Series EE savings bonds may I
acquire per year?
The principal amount of book-entry Series EE savings bonds that you
may acquire in any calendar year is provided at Sec. 363.52.
Sec. 351.66 [Removed and Reserved]
0
3. Remove and reserve Sec. 351.66.
Sec. 351.67 [Removed and Reserved]
0
4. Remove and reserve Sec. 351.67.
PART 359--OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I
0
5. The authority citation for part 359 continues to read as follows:
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.
0
6. Revise Sec. 359.50 to read as follows:
Sec. 359.50 What amount of book-entry Series I savings bonds may I
acquire per year?
The principal amount of book-entry Series I savings bonds that you
may acquire in any calendar year is provided at Sec. 363.52.
Sec. 359.51 [Removed and Reserved]
0
7. Remove and reserve Sec. 359.51.
Sec. 359.52 [Removed and Reserved]
0
8. Remove and reserve Sec. 359.52.
PART 363--REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT
0
9. The authority citation for part 363 continues to read as follows:
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3102, et
seq.; 31 U.S.C. 3121, et seq.
0
10. Revise Sec. 363.52 to read as follows:
[[Page 214]]
Sec. 363.52 What is the principal amount of book-entry Series EE and
Series I savings bonds that I may acquire in one year?
(a) The principal amount of book-entry savings bonds that you may
acquire in any calendar year is limited to $10,000 for Series EE
savings bonds and $10,000 for Series I savings bonds.
(b) Bonds purchased or transferred as gifts will be included in the
computation of this limit for the account of the recipient for the year
in which the bonds are delivered to the recipient.
(c) Bonds purchased as gifts or in a fiduciary capacity are not
included in the computation for the purchaser. Bonds received due to
the death of the registered owner are not included in the computation
for the recipient.
(d) We reserve the right to take any action we deem necessary to
adjust the excess, including the right to remove the excess bonds from
your TreasuryDirect account and refund the payment price to your bank
account of record using the ACH method of payment.
Mark Reger,
Acting Fiscal Assistant Secretary.
[FR Doc. 2011-33762 Filed 1-3-12; 8:45 am]
BILLING CODE 4810-39-P
