Federal Open Market Committee; Domestic Policy Directive of July 31-August 1, 2012, 53201-53202 [2012-21557]

Download as PDF Federal Register / Vol. 77, No. 170 / Friday, August 31, 2012 / Notices EMCDONALD on DSK67QTVN1PROD with NOTICES comment on the following issues. First, should California’s ZEV amendments, as they affect the 2012–2017 MYs and/or the 2018 and later MYs, be considered under the within-the-scope criteria or should they be considered under the full waiver criteria? Second, to the extent part or all of those ZEV amendments should be considered as a within-the-scope request, do such amendments meet the criteria for EPA to confirm that they are within-the-scope of prior waivers? Please also provide comments to address the full waiver analysis (noted below for the remainder of the ACC program), in the event that EPA cannot confirm that some or all of CARB’s ZEV amendments are withinthe-scope of previous waivers. We are requesting comment on all aspects of the full waiver analysis with regard to the ACC program (the LEV III criteria pollutant and GHG regulations, and the ZEV amendments to the extent EPA does not consider them under the within-the-scope analysis noted above). This includes consideration of the following three criteria: whether (a) California’s determination that its motor vehicle emission standards are, in the aggregate, at least as protective of public health and welfare as applicable Federal standards is arbitrary and capricious, (b) California needs such standards to meet compelling and extraordinary conditions, and (c) California’s standards and accompanying enforcement procedures are consistent with section 202(a) of the Clean Air Act. As noted above, CARB plans to propose a deemed to comply rule for its GHG standards shortly after EPA finalizes its light-duty vehicle greenhouse gas emission standards, conditioned on its review of EPA’s final GHG rule. As such, EPA specifically invites comment on CARB’s waiver request in light of CARB’s plans concerning adoption of a deemed to comply provision into its LEV III GHG standards. This will allow EPA to consider any deemed to comply provision and comments on it when taking action on CARB’s request for a waiver. IV. Procedures for Public Participation The Agency will make a verbatim record of the proceedings at the hearing. Interested parties may arrange with the reporter at the hearing to obtain a copy of the transcript at their own expense. EPA will keep the record open until October 19, 2012. Upon expiration of the comment period, the Administrator will render a decision on CARB’s request based on the record of the public hearing, relevant written submissions, and other information that she deems pertinent. VerDate Mar<15>2010 15:22 Aug 30, 2012 Jkt 226001 Persons with comments containing proprietary information must distinguish such information from other comments to the greatest possible extent and label it as ‘‘Confidential Business Information’’ (CBI). If a person making comments wants EPA to base its decision in part on a submission labeled CBI, then a non-confidential version of the document that summarizes the key data or information should be submitted for the public docket. To ensure that proprietary information is not inadvertently placed in the docket, submissions containing such information should be sent directly to the contact person listed above and not to the public docket. Information covered by a claim of confidentiality will be disclosed by EPA only to the extent allowed and by the procedures set forth in 40 CFR part 2. If no claim of confidentiality accompanies the submission when EPA receives it, EPA will make it available to the public without further notice to the person making comments. Dated: August 28, 2012. Gina McCarthy, Assistant Administrator, Office of Air and Radiation. [FR Doc. 2012–21566 Filed 8–30–12; 8:45 am] BILLING CODE 6560–50–P EXPORT-IMPORT BANK Economic Impact Policy This notice is to inform the public that the Export-Import Bank of the United States has received an application for a $21 million guarantee to support the $19 million export of a wire rod mill to the Czech Republic. The U.S. export will replace an existing facility and enable the Czech company to expand its production of wire rod by approximately 50,000 metric tons annually during the 8.5-year repayment term of the obligation. Available information indicates that the additional wire rod production will be sold domestically in the Czech Republic and Slovakia, Germany, and Italy. Interested parties may submit comments on this transaction by email to economic.impact@exim.gov or by mail to 811 Vermont Avenue NW., Room 947, Washington, DC 20571, within 14 days of the date this notice appears in the Federal Register. Kathryn Hoff-Patrinos, Deputy General Counsel. [FR Doc. 2012–21548 Filed 8–30–12; 8:45 am] BILLING CODE 6690–01–P PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 53201 FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of July 31– August 1, 2012 In accordance with Section 271.7(d) of its rules regarding availability of information (12 CFR part 271), there is set forth below the domestic policy directive issued by the Federal Open Market Committee at its meeting held on July 31–August 1, 2012.1 The Federal Open Market Committee seeks monetary and financial conditions that will foster price stability and promote sustainable growth in output. To further its long-run objectives, the Committee seeks conditions in reserve markets consistent with federal funds trading in a range from 0 to 1⁄4 percent. The Committee directs the Desk to continue the maturity extension program it announced in June to purchase Treasury securities with remaining maturities of 6 years to 30 years with a total face value of about $267 billion by the end of December 2012, and to sell or redeem Treasury securities with remaining maturities of approximately 3 years or less with a total face value of about $267 billion. For the duration of this program, the Committee directs the Desk to suspend its current policy of rolling over maturing Treasury securities into new issues. The Committee directs the Desk to maintain its existing policy of reinvesting principal payments on all agency debt and agency mortgagebacked securities in the System Open Market Account in agency mortgagebacked securities. These actions should maintain the total face value of domestic securities at approximately $2.6 trillion. The Committee directs the Desk to engage in dollar roll transactions as necessary to facilitate settlement of the Federal Reserve’s agency MBS transactions. The System Open Market Account Manager and the Secretary will keep the Committee informed of ongoing developments regarding the System’s balance sheet that could affect the attainment over time of the Committee’s objectives of maximum employment and price stability. 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on July 31– August 1, 2012, which includes the domestic policy directive issued at the meeting, are available on the Board’s Web site, www.federalreserve.gov. The minutes are also published in the Federal Reserve Bulletin and in the Board’s Annual Report. E:\FR\FM\31AUN1.SGM 31AUN1 53202 Federal Register / Vol. 77, No. 170 / Friday, August 31, 2012 / Notices By order of the Federal Open Market Committee, August 22, 2012. William B. English, Secretary, Federal Open Market Committee. Wyomissing, Philadelphia, and thereby indirectly acquire Affinity Bank of Pennsylvania, Wyomissing, Philadelphia. [FR Doc. 2012–21557 Filed 8–30–12; 8:45 am] Board of Governors of the Federal Reserve System, August 28, 2012. Margaret McCloskey Shanks, Associate Secretary of the Board. BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM [FR Doc. 2012–21543 Filed 8–30–12; 8:45 am] EMCDONALD on DSK67QTVN1PROD with NOTICES Formations of, Acquisitions by, and Mergers of Bank Holding Companies BILLING CODE 6210–01–P 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 will also 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. 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 September 26, 2012. A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 Liberty Street, New York, New York 10045–0001: 1. RSB Bancorp, MHC and RSB Bancorp, Inc., both of Roselle, New Jersey, to become bank holding companies by acquiring 100 percent of Roselle Savings Bank, Roselle, New Jersey. B. Federal Reserve Bank of Philadelphia (William Lang, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105– 1521: 1. First Priority Financial Corp, Malvern, Philadelphia, to acquire 100 percent of Affinity Bancorp, Inc., DEPARTMENT OF HEALTH AND HUMAN SERVICES VerDate Mar<15>2010 15:22 Aug 30, 2012 Jkt 226001 Centers for Medicare & Medicaid Services [Document Identifier CMS–10443 and CMS– 10149] Agency Information Collection Activities: Proposed Collection; Comment Request Centers for Medicare & Medicaid Services, HHS. In compliance with the requirement of section 3506(c)(2)(A) of the Paperwork Reduction Act of 1995, the Centers for Medicare & Medicaid Services (CMS) is publishing the following summary of proposed collections for public comment. Interested persons are invited to send comments regarding this burden estimate or any other aspect of this collection of information, including any of the following subjects: (1) The necessity and utility of the proposed information collection for the proper performance of the agency’s functions; (2) the accuracy of the estimated burden; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) the use of automated collection techniques or other forms of information technology to minimize the information collection burden. 1. Type of Information Collection Request: New collection. Title of Information Collection: Transcatheter Valve Therapy Registry and KCCQ–10. Use: The data collection is required by the Centers for Medicare and Medicaid Services (CMS) National Coverage Determination (NCD) entitled, ‘‘Transcatheter Aortic Valve Replacement (TAVR)’’. The TAVR device is only covered when specific conditions are met including that the heart team and hospital are submitting data in a prospective, national, audited registry. The data includes patient, practitioner and facility level variables that predict outcomes such as all cause mortality and quality of life. CMS finds that the Society of Thoracic Surgery/ AGENCY: PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 American College of Cardiology Transcatheter Valve Therapy (STS/ACC TVT) Registry, one registry overseen by the National Cardiovascular Data Registry, meets the requirements specified in the NCD on TAVR. The TVT Registry will support a national surveillance system to monitor the safety and efficacy of the TAVR technologies for the treatment of aortic stenosis. The data will also include the variables on the eight item Kansas City Cardiomyopathy Questionnaire (KCCQ– 10) to assess heath status, functioning and quality of life. In the KCCQ, an overall summary score can be derived from the physical function, symptoms (frequency and severity), social function and quality of life domains. For each domain, the validity, reproducibility, responsiveness and interpretability have been independently established. Scores are transformed to a range of 0–100, in which higher scores reflect better health status. The conduct of the STS/ACC TVT Registry and the KCCQ–10 is in accordance with Section 1142 of the Social Security Act (the Act) that describes the authority of the Agency for Healthcare Research and Quality (AHRQ). Under section 1142, research may be conducted and supported on the outcomes, effectiveness, and appropriateness of health care services and procedures to identify the manner in which disease, disorders, and other health conditions can be prevented, diagnosed, treated, and managed clinically. Section 1862(a)(1)(E) of the Act allows Medicare to cover under coverage with evidence development (CED) certain items or services for which the evidence is not adequate to support coverage under section 1862(a)(1)(A) and where additional data gathered in the context of a clinical setting would further clarify the impact of these items and services on the health of beneficiaries. The data collected and analyzed in the TVT Registry will be used by CMS to determine if the TAVR is reasonable and necessary (e.g., improves health outcomes) for Medicare beneficiaries under Section 1862(a)(1)(A) of the Act. Furthermore, data from the Registry will assist the medical device industry and the Food and Drug Administration (FDA) in surveillance of the quality, safety and efficacy of new medical devices to treat aortic stenosis. For purposes of the TAVR NCD, The TVT Registry has contracted with the Data Analytic Centers to conduct the analyses. In addition, data will be made available for research purposes under the terms of a data use agreement that E:\FR\FM\31AUN1.SGM 31AUN1

Agencies

[Federal Register Volume 77, Number 170 (Friday, August 31, 2012)]
[Notices]
[Pages 53201-53202]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-21557]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of July 
31-August 1, 2012

    In accordance with Section 271.7(d) of its rules regarding 
availability of information (12 CFR part 271), there is set forth below 
the domestic policy directive issued by the Federal Open Market 
Committee at its meeting held on July 31-August 1, 2012.\1\
---------------------------------------------------------------------------

    \1\ Copies of the Minutes of the Federal Open Market Committee 
at its meeting held on July 31-August 1, 2012, which includes the 
domestic policy directive issued at the meeting, are available on 
the Board's Web site, www.federalreserve.gov. The minutes are also 
published in the Federal Reserve Bulletin and in the Board's Annual 
Report.
---------------------------------------------------------------------------

    The Federal Open Market Committee seeks monetary and financial 
conditions that will foster price stability and promote sustainable 
growth in output. To further its long-run objectives, the Committee 
seeks conditions in reserve markets consistent with federal funds 
trading in a range from 0 to \1/4\ percent. The Committee directs the 
Desk to continue the maturity extension program it announced in June to 
purchase Treasury securities with remaining maturities of 6 years to 30 
years with a total face value of about $267 billion by the end of 
December 2012, and to sell or redeem Treasury securities with remaining 
maturities of approximately 3 years or less with a total face value of 
about $267 billion. For the duration of this program, the Committee 
directs the Desk to suspend its current policy of rolling over maturing 
Treasury securities into new issues. The Committee directs the Desk to 
maintain its existing policy of reinvesting principal payments on all 
agency debt and agency mortgage-backed securities in the System Open 
Market Account in agency mortgage-backed securities. These actions 
should maintain the total face value of domestic securities at 
approximately $2.6 trillion. The Committee directs the Desk to engage 
in dollar roll transactions as necessary to facilitate settlement of 
the Federal Reserve's agency MBS transactions. The System Open Market 
Account Manager and the Secretary will keep the Committee informed of 
ongoing developments regarding the System's balance sheet that could 
affect the attainment over time of the Committee's objectives of 
maximum employment and price stability.


[[Page 53202]]


    By order of the Federal Open Market Committee, August 22, 2012.
William B. English,
Secretary, Federal Open Market Committee.
[FR Doc. 2012-21557 Filed 8-30-12; 8:45 am]
BILLING CODE 6210-01-P
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