Notice of Release From Conveyance Deed Obligations for Superior Municipal Airport, Superior, Pinal County, Arizona, 8387-8388 [2015-03140]
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tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 31 / Tuesday, February 17, 2015 / Notices
such, it is appropriate for the
Commission to review advance notices
against these Clearing Agency
Standards, and the objectives and
principles of these risk management
standards as described in Section 805(b)
of the Clearing Supervision Act.24
The Commission believes that the
proposal in this Advance Notice is
designed to further the objectives and
principles of Section 805(b) of the
Clearing Supervision Act.25 The
Commission notes that clearing
transactions executed in overnight
trading sessions may present additional
risks to OCC and the markets in general;
specifically, overnight trading sessions
may create risk due to the gap between
trade acceptance and settlement, the
staffing levels at clearing members and
OCC during such trading sessions, and
the inability of clearing members to
transfer funds to satisfy margin during
overnight hours. However, OCC’s
proposal is designed in a manner that
should adequately monitor for the risks
presented by accepting trades for
clearance and settlement during these
extended and overnight sessions, and
should adequately mitigate these risks.
As part of that design, OCC proposed
to limit to the product set eligible for
overnight trading sessions to index
options and index futures products and
to institute qualification criteria for
determining whether to provide clearing
services for overnight trading sessions
offered by a particular exchange. These
qualification criteria include price
reasonability checks, controls to prevent
orders from being executed at prices
beyond a certain percentage of the
initial execution price, activity based
protections focused on risk beyond
price, such as a high number of trades
occurring in a set period of time, and
kill switch capabilities. Limiting the
eligible product set as well as
confirming risk management controls by
participating exchanges also should
help promote robust risk management
and safety, and soundness of the
clearance of overnight trades.
In addition, OCC’s proposed
framework also incorporates a number
of mechanisms designed to further
control the risks posed by overnight
trading, including (i) clearing member
qualification criteria, (ii) systemic
controls to identify trades executed by
clearing members not approved for
overnight trading, (iii) enhancements to
OCC’s overnight monitoring of trades
submitted by exchanges during
See Financial Market Utilities, 77 FR 45907 (August
2, 2012).
24 12 U.S.C. 5464(b).
25 12 U.S.C. 5464(b).
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16:51 Feb 13, 2015
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overnight trading sessions, (iv)
enhancements to OCC’s credit controls
with respect to monitoring clearing
members’ credit risk during overnight
trading sessions, and (v) disciplinary
actions for unapproved clearing
members who attempt to clear during
overnight trading sessions.
Particularly, OCC’s overnight
monitoring and escalation, including
requiring additional intra-day margin,
increasing a clearing member’s margin
requirement, and/or invoking an
exchange’s kill switch should serve to
help mitigate the risks posed by the
inability of clearing members to transfer
funds to satisfy margin during overnight
hours due to the, lack of availability of
bank payment systems in the overnight
hours and the period of time between
trade acceptance and settlement.
Moreover, requiring and enforcing
adequate staffing at clearing members as
well as at OCC through a designated an
on-call Market Risk duty officer should
help to mitigate the risks of overnight
clearing. Accordingly, the Commission
believes that the proposal should
promote robust risk management,
promote safety and soundness in the
marketplace, reduce systemic risks, and
support the stability of the broader
financial system as it provides OCC
with a range of mechanisms that help
mitigate the risks posed by clearance
trades from extended and overnight
trading sessions.
III. Conclusion
It is therefore noticed, pursuant to
Section 806(e)(1)(I) of the Clearing
Supervision Act,26 that the Commission
does not object to advance notice
proposal (SR–OCC–2014–812) and that
OCC is authorized to implement the
proposal as of the date of this notice or
the date of an order by the Commission
approving a proposed rule change that
reflects rule changes that are consistent
with this advance notice proposal (SR–
OCC–2014–24), whichever is later.
By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2015–03097 Filed 2–13–15; 8:45 am]
BILLING CODE 8011–01–P
26 12
PO 00000
U.S.C. 5465(e)(1)(I).
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8387
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Notice of Release From Conveyance
Deed Obligations for Superior
Municipal Airport, Superior, Pinal
County, Arizona
Federal Aviation
Administration, DOT.
ACTION: Notice of request to release
airport land.
AGENCY:
The Federal Aviation
Administration (FAA) proposes to rule
and invites public comment on the
application for a release of
approximately 15.09 acres of airport
property at Superior Municipal Airport,
Superior, Pinal County, Arizona from all
conditions contained in the Conveyance
Deed since the parcel of land is not
needed for airport purposes. The
property will be sold for its fair market
value and the proceeds used for an
airport purpose. The reuse of the land
for a roadway improvement project by
the State of Arizona represents a
compatible land use that will not
interfere with the airport, thereby
protecting the interests of civil aviation.
DATES: Comments must be received on
or before March 19, 2015.
FOR FURTHER INFORMATION CONTACT:
Comments on the request may be mailed
or delivered to the FAA at the following
address: Mike N. Williams, Manager,
Airports District Office, Federal Register
Comment, Federal Aviation
Administration, Phoenix Airports
District Office, 3800 N. Central Avenue,
Suite 1025, Phoenix, Arizona 85012. In
addition, one copy of the comment
submitted to the FAA must be mailed or
delivered to David E. Edwards, Right of
Way Project Coordinator, Arizona
Department of Transportation, 205
South 17th Avenue, MD 612E, Phoenix,
Arizona 85007–3212.
SUPPLEMENTARY INFORMATION: In
accordance with the Wendell H. Ford
Aviation Investment and Reform Act for
the 21st Century (AIR 21), Public Law
10–181 (Apr. 5, 2000; 114 Stat. 61), this
notice must be published in the Federal
Register 30 days before the Secretary
may waive any condition imposed on a
federally obligated airport by surplus
property conveyance deeds or grant
agreements.
The following is a brief overview of
the request:
The Town of Superior, Pinal County,
Arizona requested a release from the
conditions contained in the Conveyance
Deed for approximately 15.09 acres of
airport land. The property is located on
the north side of the airport adjacent to
SUMMARY:
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8388
Federal Register / Vol. 80, No. 31 / Tuesday, February 17, 2015 / Notices
U.S. Highway 60. The land is presently
unused and undeveloped. The land is
needed for roadway improvements to
U.S. Highway 60 that will encroach into
airport property. The Town of Superior,
Pinal County, Arizona agrees to the sale
of the land to the State of Arizona,
Department of Transportation, since the
property is not needed for airport
purposes. The conveyance will not
impact the airport, while the project
will aid traffic flow by the airport and
to the Town of Superior. The sale price
will be based on its appraised market
value and the sale proceeds will be used
for an airport purpose. The use of the
property for a public roadway
represents a compatible use that will not
interfere with the airport. The airport
will receive proper compensation,
thereby serving the interests of civil
aviation.
Issued in Hawthorne, California, on
February 5, 2015.
Steven Oetzell,
Acting Manager, Safety and Standards,
Airports Division, Western-Pacific Region.
[FR Doc. 2015–03140 Filed 2–13–15; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Notice of Release From Quitclaim Deed
and Federal Grant Assurance
Obligations at Oxnard Airport, Oxnard,
Ventura County, California
Federal Aviation
Administration, DOT.
ACTION: Notice of request to release
airport land.
AGENCY:
The Federal Aviation
Administration (FAA) proposes to rule
and invites public comment on the
application for a release of
approximately .99 acre of airport
property near Oxnard Airport, Oxnard,
Ventura County, California, from all
conditions contained in the Quitclaim
Deed and Grant Assurances since the
parcel of land is not needed for airport
purposes. The property will be sold for
its fair market value and the proceeds
used for airport purposes. The
continued use of the land for agriculture
represents a compatible land use that
will not interfere with the airport or its
operation, thereby protecting the
interests of civil aviation.
DATES: Comments must be received on
or before March 19, 2015.
FOR FURTHER INFORMATION CONTACT:
Comments on the request may be mailed
or delivered to the FAA at the following
address: Tony Garcia, Airports
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
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16:51 Feb 13, 2015
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Compliance Program Manager, Federal
Aviation Administration, Airports
Division, Federal Register Comment,
15000 Aviation Blvd., Lawndale, CA
90261. In addition, one copy of the
comment submitted to the FAA must be
mailed or delivered to Mr. Todd
McNamee, Director, Ventura County
Department of Airports, 555 Airport
Way, Camarillo, CA 93010.
DEPARTMENT OF TRANSPORTATION
In
accordance with the Wendell H. Ford
Aviation Investment and Reform Act for
the 21st Century (AIR 21), Public Law
10–181 (Apr. 5, 2000; 114 Stat. 61), this
notice must be published in the Federal
Register 30 days before the Secretary
may waive any condition imposed on a
federally obligated airport by surplus
property conveyance deeds or grant
agreements.
The following is a brief overview of
the request:
Ventura County, Department of
Airports, Camarillo, California
requested a release from the conditions
contained in the Quitclaim Deed and
Grant Assurance obligations for
approximately .99 acres of airport land
near Oxnard Airport. The property is
located northwest of Oxnard Airport,
adjacent to North Victoria Avenue and
between Doris Avenue and Gonzales
Road. The property is presently farm
land in an agricultural area. The land
will continue to be used for farming.
Ventura County requested approval to
sell the small parcel because the land is
not needed for airport purposes and its
current agricultural status prevents
other uses. The property is
approximately one mile from the airport
boundary and is not suitable for current
or future airport development. The sale
price will be based on its appraised
market value and the sale proceeds will
be used for airport purposes. The
continued use of the property for
farming represents a compatible use that
will not interfere with airport
operations. The airport will be properly
compensated, thereby serving the
interests of civil aviation.
AGENCY:
SUPPLEMENTARY INFORMATION:
Issued in Hawthorne, California, on
February 5, 2015.
Steven Oetzell,
Acting Manager, Safety and Standards,
Airports Division, Western-Pacific Region.
[FR Doc. 2015–03141 Filed 2–13–15; 8:45 am]
BILLING CODE 4910–13–P
PO 00000
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Maritime Administration
[Docket Number MARAD–2013–0022]
Information Collection Approved by
the Office of Management and Budget:
Cruise Vessel Security and Safety
Training Provider Certification
Maritime Administration,
Department of Transportation.
ACTION: Notice.
The Maritime Administration
(MARAD) has received Office of
Management and Budget (OMB)
approval, pursuant to the Paperwork
Reduction Act of 1995 (44 U.S.C. 3501–
3520), for the public information
collection associated with MARAD’s
Cruise Vessel Security and Safety Act
(CVSSA) Certification Program. A
Federal agency may not conduct or
sponsor a collection of information
unless it displays a currently valid OMB
control number, and no person is
required to respond to a Federal agency
request for information unless the
agency holds a valid control number.
MARAD welcomes any comments
concerning the accuracy of the burden
estimates and any suggestions for
reducing the collection burden.
The MARAD CVSSA Certification
Program application procedure and
program details are now available on
MARAD’s Web site
www.marad.dot.gov/cvssa. MARAD
recommends that applicants submit
their applications in electronic format
(e.g., CD, DVD, or memory stick) via
mail or courier service to the address
listed in the FOR FURTHER INFORMATION
CONTACT section below. Program
applicants may submit any questions or
comments to MARAD via email at
CVSSA-MARAD@dot.gov, by mail to the
address listed below, or by telephone to
the CVSSA Program Manager at (202)
366–5906.
FOR FURTHER INFORMATION CONTACT: U.S.
Department of Transportation, Maritime
Administration, Attention: Mail Stop 1:
MAR–420 CVSSA Program Manager,
1200 New Jersey Avenue SE.,
Washington, DC 20590–0001.
SUPPLEMENTARY INFORMATION:
OMB Control Number: 2133–0547.
OMB Approval Date: 12/24/2014.
OMB Expiration Date: 12/31/2017.
Title: Cruise Vessel Security and
Safety Act Training Provider
Certification Program.
Respondents: Individuals,
partnerships, or corporations seeking
training provider certification.
SUMMARY:
E:\FR\FM\17FEN1.SGM
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]]>Agencies
[Federal Register Volume 80, Number 31 (Tuesday, February 17, 2015)]
[Notices]
[Pages 8387-8388]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-03140]
=======================================================================
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DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Notice of Release From Conveyance Deed Obligations for Superior
Municipal Airport, Superior, Pinal County, Arizona
AGENCY: Federal Aviation Administration, DOT.
ACTION: Notice of request to release airport land.
-----------------------------------------------------------------------
SUMMARY: The Federal Aviation Administration (FAA) proposes to rule and
invites public comment on the application for a release of
approximately 15.09 acres of airport property at Superior Municipal
Airport, Superior, Pinal County, Arizona from all conditions contained
in the Conveyance Deed since the parcel of land is not needed for
airport purposes. The property will be sold for its fair market value
and the proceeds used for an airport purpose. The reuse of the land for
a roadway improvement project by the State of Arizona represents a
compatible land use that will not interfere with the airport, thereby
protecting the interests of civil aviation.
DATES: Comments must be received on or before March 19, 2015.
FOR FURTHER INFORMATION CONTACT: Comments on the request may be mailed
or delivered to the FAA at the following address: Mike N. Williams,
Manager, Airports District Office, Federal Register Comment, Federal
Aviation Administration, Phoenix Airports District Office, 3800 N.
Central Avenue, Suite 1025, Phoenix, Arizona 85012. In addition, one
copy of the comment submitted to the FAA must be mailed or delivered to
David E. Edwards, Right of Way Project Coordinator, Arizona Department
of Transportation, 205 South 17th Avenue, MD 612E, Phoenix, Arizona
85007-3212.
SUPPLEMENTARY INFORMATION: In accordance with the Wendell H. Ford
Aviation Investment and Reform Act for the 21st Century (AIR 21),
Public Law 10-181 (Apr. 5, 2000; 114 Stat. 61), this notice must be
published in the Federal Register 30 days before the Secretary may
waive any condition imposed on a federally obligated airport by surplus
property conveyance deeds or grant agreements.
The following is a brief overview of the request:
The Town of Superior, Pinal County, Arizona requested a release
from the conditions contained in the Conveyance Deed for approximately
15.09 acres of airport land. The property is located on the north side
of the airport adjacent to
[[Page 8388]]
U.S. Highway 60. The land is presently unused and undeveloped. The land
is needed for roadway improvements to U.S. Highway 60 that will
encroach into airport property. The Town of Superior, Pinal County,
Arizona agrees to the sale of the land to the State of Arizona,
Department of Transportation, since the property is not needed for
airport purposes. The conveyance will not impact the airport, while the
project will aid traffic flow by the airport and to the Town of
Superior. The sale price will be based on its appraised market value
and the sale proceeds will be used for an airport purpose. The use of
the property for a public roadway represents a compatible use that will
not interfere with the airport. The airport will receive proper
compensation, thereby serving the interests of civil aviation.
Issued in Hawthorne, California, on February 5, 2015.
Steven Oetzell,
Acting Manager, Safety and Standards, Airports Division, Western-
Pacific Region.
[FR Doc. 2015-03140 Filed 2-13-15; 8:45 am]
BILLING CODE 4910-13-P
