Everett Railroad Company and Hollidaysburg and Roaring Spring Railroad Company-Intra-Corporate Family Transaction Exemption, 70932 [2014-28123]

Download as PDF 70932 Federal Register / Vol. 79, No. 229 / Friday, November 28, 2014 / Notices If the verified notice contains false or misleading information, the exemption is void ab initio. Board decisions and notices are available on our Web site at www.stb.dot.gov. Decided: November 24, 2014. By the Board, Rachel D. Campbell, Director, Office of Proceedings. Brendetta S. Jones, Clearance Clerk. [FR Doc. 2014–28118 Filed 11–26–14; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [Docket No. FD 35872] tkelley on DSK3SPTVN1PROD with NOTICES Everett Railroad Company and Hollidaysburg and Roaring Spring Railroad Company—Intra-Corporate Family Transaction Exemption Everett Railroad Company (Everett) and Hollidaysburg and Roaring Spring Railroad Company (Hollidaysburg) (collectively, Applicants) have jointly filed a verified notice of exemption under 49 CFR 1180.2(d)(3) for a corporate family transaction. Applicants state that Everett and Hollidaysburg are Class III rail carriers under the control of Alan W. Maples. The transaction involves the merger of Everett and Hollidaysburg, with Everett emerging as the surviving rail carrier. According to Applicants, the purpose of the transaction is to streamline administration and enhance the financial condition of two railroads that are already largely integrated by consolidating the two into a single company. Applicants state that the proposed merger will eliminate the need for the preparation of separate tax returns for Everett and Hollidaysburg and the need for the two companies to maintain separate corporate records. Applicants state that there also are certain operational and recordkeeping advantages to the transaction. Unless stayed, the exemption will be effective on December 14, 2014 (30 days after the verified notice was filed). Applicants state that they plan to consummate the proposed transaction on or after December 14, 2014. This is a transaction within a corporate family of the type specifically exempted from prior review and approval under 49 CFR 1180.2(d)(3). Applicants state that the transaction will not result in adverse changes in service levels, significant operational changes, or changes in the competitive balance with carriers outside the corporate family. VerDate Sep<11>2014 16:58 Nov 26, 2014 Jkt 235001 Under 49 U.S.C. 10502(g), the Board may not use its exemption authority to relieve a rail carrier of its statutory obligation to protect the interests of its employees. Section 11326(c), however, does not provide for labor protection for transactions under §§ 11324 and 11325 that involve only Class III rail carriers. Accordingly, the Board may not impose labor protective conditions here, because the transaction involves only Class III rail carriers. If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the exemption. Petitions for stay must be filed no later than December 5, 2014 (at least seven days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to Docket No. FD 35872, must be filed with the Surface Transportation Board, 395 E Street SW., Washington, DC 20423–0001. In addition, one copy of each pleading must be served on Robert A. Wimbish, Fletcher & Sippel LLC, 29 North Wacker Drive, Suite 920, Chicago, IL 60606– 2832. Board decisions and notices are available on our Web site at WWW.STB.DOT.GOV. Decided: November 24, 2014. By the Board, Rachel D. Campbell, Director, Office of Proceedings. Brendetta S. Jones, Clearance Clerk. [FR Doc. 2014–28123 Filed 11–26–14; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Departmental Offices Proposed Collection; Comment Request Notice and request for comments. ACTION: The Department of the Treasury, as part of its continuing effort to reduce paperwork burdens, invites the general public and other Federal agencies to comment on revisions in 2015 of a currently approved information collection that is proposed for approval by the Office of Management and Budget. The Office of International Affairs within the Department of the Treasury is soliciting comments concerning the revision of the Treasury International Capital (TIC) Form SHL/SHLA. SUMMARY: PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 Written comments should be received on or before January 27, 2015 to be assured of consideration. ADDRESSES: Direct all written comments to Dwight Wolkow, International Portfolio Investment Data Systems, Department of the Treasury, Room 5422 MT, 1500 Pennsylvania Avenue NW., Washington, DC 20220. In view of possible delays in mail delivery, you may also wish to send a copy to Mr. Wolkow by email (comments2TIC@ do.treas.gov) or FAX (202–622–2009). Mr. Wolkow can also be reached by telephone (202–622–1276). FOR FURTHER INFORMATION CONTACT: Copies of the proposed form and instructions are available at Part II of the Treasury International Capital (TIC) Forms Web page ‘‘Forms SHL/SHLA & SHC/SHCA’’, at: http:// www.treasury.gov/resource-center/datachart-center/tic/Pages/forms-sh.aspx. Requests for additional information should be directed to Mr. Wolkow. SUPPLEMENTARY INFORMATION: Title: Treasury International Capital (TIC) Form SHL/SHLA, ‘‘ForeignResidents’ Holdings of U.S. Securities, including Selected Money Market Instruments’’. OMB Control Number: 1505–0123. Abstract: This form collects foreignresidents’ holdings of U.S. securities. These data are used by the U.S. Government in the formulation of international financial and monetary policies, and for the computation of the U.S. balance of payments accounts and of the U.S. international investment position. These data are also used to provide information to the public and to meet international reporting commitments. The data collection includes large benchmark surveys conducted every five years, and smaller annual surveys conducted in the nonbenchmark years. The data collected under an annual survey are used in conjunction with the results of the preceding benchmark survey to make economy-wide estimates for that nonbenchmark year. Currently, the determination of who must report in the annual surveys is based primarily on the data submitted during the preceding benchmark survey. The data requested in the annual survey will generally be the same as requested in the preceding benchmark report. Form SHL is used for the benchmark survey of all significant U.S.-resident custodians and U.S.resident issuers of securities regarding foreign-residents’ holdings of U.S. securities. In non-benchmark years, Form SHLA is used for the annual surveys of primarily the largest U.S.resident custodians and issuers. DATES: E:\FR\FM\28NON1.SGM 28NON1

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[Federal Register Volume 79, Number 229 (Friday, November 28, 2014)]
[Notices]
[Page 70932]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-28123]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. FD 35872]


Everett Railroad Company and Hollidaysburg and Roaring Spring 
Railroad Company--Intra-Corporate Family Transaction Exemption

    Everett Railroad Company (Everett) and Hollidaysburg and Roaring 
Spring Railroad Company (Hollidaysburg) (collectively, Applicants) have 
jointly filed a verified notice of exemption under 49 CFR 1180.2(d)(3) 
for a corporate family transaction.
    Applicants state that Everett and Hollidaysburg are Class III rail 
carriers under the control of Alan W. Maples. The transaction involves 
the merger of Everett and Hollidaysburg, with Everett emerging as the 
surviving rail carrier.
    According to Applicants, the purpose of the transaction is to 
streamline administration and enhance the financial condition of two 
railroads that are already largely integrated by consolidating the two 
into a single company. Applicants state that the proposed merger will 
eliminate the need for the preparation of separate tax returns for 
Everett and Hollidaysburg and the need for the two companies to 
maintain separate corporate records. Applicants state that there also 
are certain operational and recordkeeping advantages to the 
transaction.
    Unless stayed, the exemption will be effective on December 14, 2014 
(30 days after the verified notice was filed). Applicants state that 
they plan to consummate the proposed transaction on or after December 
14, 2014.
    This is a transaction within a corporate family of the type 
specifically exempted from prior review and approval under 49 CFR 
1180.2(d)(3). Applicants state that the transaction will not result in 
adverse changes in service levels, significant operational changes, or 
changes in the competitive balance with carriers outside the corporate 
family.
    Under 49 U.S.C. 10502(g), the Board may not use its exemption 
authority to relieve a rail carrier of its statutory obligation to 
protect the interests of its employees. Section 11326(c), however, does 
not provide for labor protection for transactions under Sec. Sec.  
11324 and 11325 that involve only Class III rail carriers. Accordingly, 
the Board may not impose labor protective conditions here, because the 
transaction involves only Class III rail carriers.
    If the notice contains false or misleading information, the 
exemption is void ab initio. Petitions to revoke the exemption under 49 
U.S.C. 10502(d) may be filed at any time. The filing of a petition to 
revoke will not automatically stay the exemption. Petitions for stay 
must be filed no later than December 5, 2014 (at least seven days 
before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 35872, must be filed with the Surface Transportation Board, 395 E 
Street SW., Washington, DC 20423-0001. In addition, one copy of each 
pleading must be served on Robert A. Wimbish, Fletcher & Sippel LLC, 29 
North Wacker Drive, Suite 920, Chicago, IL 60606-2832.
    Board decisions and notices are available on our Web site at 
WWW.STB.DOT.GOV.

    Decided: November 24, 2014.

    By the Board, Rachel D. Campbell, Director, Office of 
Proceedings.
Brendetta S. Jones,
Clearance Clerk.
[FR Doc. 2014-28123 Filed 11-26-14; 8:45 am]
BILLING CODE 4915-01-P