Notice of Agreements Filed, 63474-63475 [2013-25021]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES 63474 Federal Register / Vol. 78, No. 206 / Thursday, October 24, 2013 / Notices consistent with the treatment on the Call Report Income Statement. While the DFAST 14A collects only total AFS and HTM balances on the balance sheet schedule, this reporting series requires more granular data than proposed for the DFAST 10–50 Results Template on government securities through other schedules within the DFAST 14A. Similarly, the reporting requirements for the Call Report Balance Sheet mandate more detailed information on AFS and HTM GSE obligations relative to the reporting requirements for the DFAST 10–50 Results Template. Gathering AFS and HTM balances for U.S. government obligations and obligations of GSEs would provide relevant and required data to project net income and regulatory capital over the planning horizon. Commenters also favored the elimination of several line items. One commenter stated that the level of detail required by the DFAST 10–50 Results Template Balance Sheet memoranda items was not informative or necessary to the loss estimation process, or entailed more detail than what is required by the DFAST 14A. Specific memoranda items cited by the commenter included troubled debt restructurings and loans secured by 1– 4 family in foreclosure. Based on this comment, the FDIC also evaluated the utility of another Balance Sheet memoranda item: Loans and leases guaranteed by either U.S. government or GSE guarantees (i.e., non-FDIC loss sharing agreements). The FDIC agrees that these memoranda data items are already captured within the proposed DFAST 10–50 Results Template reporting requirements for loans and leases and that eliminating these items from the reporting template would not affect an institution’s ability to project pre-provision net revenue, net income, or regulatory capital in order to assess their capital needs under stressed conditions. Therefore, the FDIC eliminated these three supplemental Balance Sheet memoranda reporting items. Commenters also requested that common stock, retained earnings, surplus, and other equity components be reported as a single line item. The FDIC agrees with this comment and has combined the aforementioned capital components into one line item to be reported as ‘‘equity capital.’’ One commenter noted that separately modeling average rates for each type of deposit would also involve a significant amount of work and potentially affect other company-run models. The FDIC agrees that the average rate information is not a data input that a covered bank VerDate Mar<15>2010 17:25 Oct 23, 2013 Jkt 232001 needs to project losses, pre-provision net revenue, or capital. Further, the additional burden placed on covered banks to calculate the projected average rates could distract unnecessarily from the primary goal of the annual company-run stress test—to estimate effectively the possible impact of an economic downturn on a covered bank’s capital position in order to plan for capital needs and to identify and managed risk. Therefore, the FDIC has removed all average rate memoranda items on the balance sheet. Two commenters favored the elimination of the income statement item for Gains and Losses on Other Real Estate Owned (OREO). One commenter noted that this element could be combined effectively with forecasting of other OREO expenses. The other commenter stated that the level of detail for this element is more granular that what is required for the DFAST 14A templates. The FDIC notes that gains or losses on OREO are captured in the preprovision net revenue metrics worksheet of the DFAST 14A templates. Therefore, this requirement would not be more burdensome for the $10 billion–$50 billion covered banks. Nevertheless, the FDIC has eliminated this item because gains and losses on OREO would already be captured within the noninterest income statement memoranda item ‘‘itemize and describe amounts greater than 15% of noninterest income’’ or in the ‘‘itemize and describe amounts greater than 15% of noninterest expense’’ when the amount meets the 15% threshold. D. Technical Changes/Other Items In response to a few technical comments received, the FDIC has adjusted the reporting templates and instructions. These changes include correction of formulaic errors; correction of MDRM reference errors; clarified reporting instructions for income statement memoranda items; and more detailed technical reporting instructions, including the elimination of the contact information schedule as this information would be collected through the DFAST 10–50 Results Template cover sheet and related data collection application. Burden Estimates The FDIC estimates the burden of this collection of information as follows: Estimated Number of Respondents: 22. Estimated Annual Burden per Respondent: 464 hours. Estimated Total Annual Burden: 10,208 hours. PO 00000 Frm 00027 Fmt 4703 Sfmt 4703 The burden for each $10 billion to $50 billion covered bank that completes the FDIC DFAST 10–50 Results Template is estimated to be 464 hours. The burden to complete the FDIC DFAST 10–50 Results Template is estimated to be 440 hours, including 20 hours to input these data and 420 hours for work related to modeling efforts. The burden to complete the FDIC DFAST 10–50 Scenario Variables Template is estimated to be 24 hours. The total burden for all 22 respondents to complete both templates is estimated to be 10,208 hours. The start-up burden for each new respondent is estimated to be 3,600 hours, a total of 79,200 hours, and ongoing revisions for each existing firm is estimated to be 160 hours, a total of 3,520 hours. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the FDIC, including whether the information has practical utility; (b) The accuracy of the FDIC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information; and (f) The ability of FDIC-supervised banks and thrifts with assets between $10 billion and $50 billion to provide the requested information to the FDIC by March 31, 2014. Dated at Washington, DC, this 21st day of October 2013. Federal Deposit Insurance Corporation Robert E. Feldman, Executive Secretary. [FR Doc. 2013–25015 Filed 10–23–13; 8:45 am] BILLING CODE 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 the 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 the E:\FR\FM\24OCN1.SGM 24OCN1 mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 78, No. 206 / Thursday, October 24, 2013 / Notices agreements are available through the Commission’s Web site (www.fmc.gov) or by contacting the Office of Agreements at (202)-523–5793 or tradeanalysis@fmc.gov. Agreement No.: 012204–001. Title: ELJSA-Hanjin Shipping Slot Exchange Agreement. Parties: Evergreen Line Joint Service Agreement and Hanjin Shipping Co. Ltd. Filing Party: Paul M. Keane, Esq.; Cichanowicz, Callan, Keane, Vengrow and Textor, LLP; 61 Broadway, Suite 3000; New York, NY 10006. Synopsis: The amendment reflects the removal from the Agreement of the exchange of slots from specific services that are now included in ELJSA/Hanjin Shipping Vessel Sharing Agreement No. 012226, and reflects the resultant overall reduction in number of slots exchanged and tonnage in Agreement No. 012204. Agreement No.: 012169–001. Title: Crowley/ELJSA Space Charter Agreement. Parties: Crowley Latin America Services, LLC and Evergreen Line Joint Service Agreement Filing Party: Wayne R. Rohde, Esq.; Cozen O’Connor; 1627 I Street NW. Suite 1100; Washington, DC 20006. Synopsis: The amendment revises the duration of the agreement, deletes Costa Rica from the agreement’s scope, and adds a force majeure clause. Agreement No.: 012227. Title: Simatech/Maersk Line Space Charter Agreement. Parties: Simatech Americas, Inc. and A.P. Moller-Maersk A/S trading under the name Maersk Line. Filing Party: Wayne R. Rohde, Esq.; Cozen O’Connor; 1627 I Street NW. Suite 1100; Washington, DC 20006. Synopsis: The agreement authorizes Simatech to charter space to Maersk Line in the trade between Guatemala and Honduras, on the one hand, and Miami, FL, on the other hand. Agreement No.: 012154–001. ¨ Title: APL/Hamburg Sud Space Charter Agreement. Parties: APL Co. Pte, Ltd. and American President Lines, Ltd. (acting ¨ as one party); and Hamburg Sud KG Filing Party: Wayne R. Rohde, Esq.; Cozen O’Connor; 1627 I Street NW. Suite 1100; Washington, DC 20006. Synopsis: The amendment authorizes ¨ APL to provide Hamburg Sud with space on alternative services operated by APL in the event that the PS1 service is suspended or terminated, amends the geographic to allow for such alternative services, and extends the Agreement until March 31, 2014. VerDate Mar<15>2010 17:25 Oct 23, 2013 Jkt 232001 Agreement No.: 012228. Title: COSCON/‘‘K’’ Line/WHS Space Charter and Sailing Agreement. Parties: COSCO Container Lines Co. Ltd.; Kawasaki Kisen Kaisha, Ltd.; and Wan Hai Lines (Singapore) PTE Ltd. Filing Party: Robert B.Yoshitomi, Esq.; Nixon Peabody LLP; 555 West Fifth Street, 46th Floor; Los Angeles, CA 90013. Synopsis: The agreement authorizes the parties to share vessels and exchange slots in the trade between The People’s Republic of China (including Hong Kong), and the Pacific Coast of the U.S. and Canada. Agreement No.: 201221. Title: Seattle Marine Terminal Operators/Port of Seattle Discussion Agreement. Parties: Port of Seattle; Eagle Marine Services, Ltd.; SSA Terminals, LLC; SSA Terminals (Seattle), LLC; and Total Terminals, International, LLC. Filing Party: Eric C. Jeffrey, Esq; Goodwin Proctor, LLP; 901 New York Avenue NW.; Washington, DC 20001 Synopsis: The agreement authorizes the parties to discuss, exchange information, and agree upon a range of matters at the Port, for the purpose of developing ways to maintain the competitiveness of the Port, and to improve service, reduce costs, increase efficiency, and otherwise optimize conditions at the Port. By Order of the Federal Maritime Commission. Dated: October 21, 2013. Karen V. Gregory, Secretary. [FR Doc. 2013–25021 Filed 10–23–13; 8:45 am] BILLING CODE 6730–01–P FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary License Applicants The Commission gives notice that the following applicants have filed an application for an Ocean Transportation Intermediary (OTI) license as a NonVessel-Operating Common Carrier (NVO) and/or Ocean Freight Forwarder (OFF) pursuant to section 19 of the Shipping Act of 1984 (46 U.S.C. 40101). Notice is also given of the filing of applications to amend an existing OTI license or the Qualifying Individual (QI) for a licensee. Interested persons may contact the Office of Ocean Transportation Intermediaries, Federal Maritime Commission, Washington, DC 20573, by telephone at (202) 523–5843 or by email at OTI@fmc.gov. PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 63475 Fachel International LLC dba Fachel Shipping & Logistics (NVO & OFF), 6331 Belair Road, Baltimore, MD 21206, Officers: Chinyere W. Osasuyi, Chief Executive Manager (QI), Famous I. Osasuyi, Chief Executive Member. Application Type: QI Change. National Air Cargo, Inc. (NVO & OFF), 350 Windward Drive, Orchard Park, NY 14127. Officers: Margaret Bradford, Assistant Secretary (QI), Christopher J. Alf, President. Application Type: QI Change. Perimeter International dba Perimeter Logistics (NVO & OFF), 2700 Story Road, Suite 150, Irving, TX 75038. Officers: John G. Eastland, Assistant Secretary (QI), Merry L. LaMothe, CEO. Application Type: New NVO & OFF License. Sol Intercargo Inc (NVO), 2792 NW 24th Street, Rear, Miami, FL 33142. Officer: Alma J. Martinez, President (QI). Application Type: New NVO License. By the Commission. Dated: October 21, 2013. Karen V. Gregory, Secretary. [FR Doc. 2013–25023 Filed 10–23–13; 8:45 am] BILLING CODE 6730–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than November 8, 2013. A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23261–4528: 1. Family’s Future IV Limited Partnership, a proposed qualified family limited partnership with the general partner being Richard G. Perservati, Captiva, Florida, and the limited partner being the Richard G. and Karen E:\FR\FM\24OCN1.SGM 24OCN1

Agencies

[Federal Register Volume 78, Number 206 (Thursday, October 24, 2013)]
[Notices]
[Pages 63474-63475]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-25021]


=======================================================================
-----------------------------------------------------------------------

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 the 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 the

[[Page 63475]]

agreements are available through the Commission's Web site 
(www.fmc.gov) or by contacting the Office of Agreements at (202)-523-
5793 or tradeanalysis@fmc.gov.

    Agreement No.: 012204-001.
    Title: ELJSA-Hanjin Shipping Slot Exchange Agreement.
    Parties: Evergreen Line Joint Service Agreement and Hanjin Shipping 
Co. Ltd.
    Filing Party: Paul M. Keane, Esq.; Cichanowicz, Callan, Keane, 
Vengrow and Textor, LLP; 61 Broadway, Suite 3000; New York, NY 10006.
    Synopsis: The amendment reflects the removal from the Agreement of 
the exchange of slots from specific services that are now included in 
ELJSA/Hanjin Shipping Vessel Sharing Agreement No. 012226, and reflects 
the resultant overall reduction in number of slots exchanged and 
tonnage in Agreement No. 012204.

    Agreement No.: 012169-001.
    Title: Crowley/ELJSA Space Charter Agreement.
    Parties: Crowley Latin America Services, LLC and Evergreen Line 
Joint Service Agreement
    Filing Party: Wayne R. Rohde, Esq.; Cozen O'Connor; 1627 I Street 
NW. Suite 1100; Washington, DC 20006.
    Synopsis: The amendment revises the duration of the agreement, 
deletes Costa Rica from the agreement's scope, and adds a force majeure 
clause.

    Agreement No.: 012227.
    Title: Simatech/Maersk Line Space Charter Agreement.
    Parties: Simatech Americas, Inc. and A.P. Moller-Maersk A/S trading 
under the name Maersk Line.
    Filing Party: Wayne R. Rohde, Esq.; Cozen O'Connor; 1627 I Street 
NW. Suite 1100; Washington, DC 20006.
    Synopsis: The agreement authorizes Simatech to charter space to 
Maersk Line in the trade between Guatemala and Honduras, on the one 
hand, and Miami, FL, on the other hand.

    Agreement No.: 012154-001.
    Title: APL/Hamburg S[uuml]d Space Charter Agreement.
    Parties: APL Co. Pte, Ltd. and American President Lines, Ltd. 
(acting as one party); and Hamburg S[uuml]d KG
    Filing Party: Wayne R. Rohde, Esq.; Cozen O'Connor; 1627 I Street 
NW. Suite 1100; Washington, DC 20006.
    Synopsis: The amendment authorizes APL to provide Hamburg S[uuml]d 
with space on alternative services operated by APL in the event that 
the PS1 service is suspended or terminated, amends the geographic to 
allow for such alternative services, and extends the Agreement until 
March 31, 2014.

    Agreement No.: 012228.
    Title: COSCON/``K'' Line/WHS Space Charter and Sailing Agreement.
    Parties: COSCO Container Lines Co. Ltd.; Kawasaki Kisen Kaisha, 
Ltd.; and Wan Hai Lines (Singapore) PTE Ltd.
    Filing Party: Robert B.Yoshitomi, Esq.; Nixon Peabody LLP; 555 West 
Fifth Street, 46th Floor; Los Angeles, CA 90013.
    Synopsis: The agreement authorizes the parties to share vessels and 
exchange slots in the trade between The People's Republic of China 
(including Hong Kong), and the Pacific Coast of the U.S. and Canada.

    Agreement No.: 201221.
    Title: Seattle Marine Terminal Operators/Port of Seattle Discussion 
Agreement.
    Parties: Port of Seattle; Eagle Marine Services, Ltd.; SSA 
Terminals, LLC; SSA Terminals (Seattle), LLC; and Total Terminals, 
International, LLC.
    Filing Party: Eric C. Jeffrey, Esq; Goodwin Proctor, LLP; 901 New 
York Avenue NW.; Washington, DC 20001
    Synopsis: The agreement authorizes the parties to discuss, exchange 
information, and agree upon a range of matters at the Port, for the 
purpose of developing ways to maintain the competitiveness of the Port, 
and to improve service, reduce costs, increase efficiency, and 
otherwise optimize conditions at the Port.

    By Order of the Federal Maritime Commission.

    Dated: October 21, 2013.
Karen V. Gregory,
Secretary.
[FR Doc. 2013-25021 Filed 10-23-13; 8:45 am]
BILLING CODE 6730-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.