Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds, 43069-43070 [2016-15248]

Download as PDF Federal Register / Vol. 81, No. 127 / Friday, July 1, 2016 / Rules and Regulations I. Paperwork Reduction Act This rule does not contain information collection requirements, and a submission to the Office of Management and Budget under the Paperwork Reduction Act (44 U.S.C. 3501 et seq.) is not required. We may not conduct or sponsor and you are not required to respond to a collection of information unless it displays a currently valid OMB control number. J. National Environmental Policy Act This rule does not constitute a major Federal action significantly affecting the quality of the human environment. A detailed statement under the National Environmental Policy Act of 1969 (NEPA) is not required because the rule is covered by a categorical exclusion (see 43 CFR 46.210(i).). This rule is excluded from the requirement to prepare a detailed statement because it is a regulation of an administrative nature. We have also determined that the rule does not involve any of the extraordinary circumstances listed in 43 CFR 46.215 that would require further analysis under NEPA. asabaliauskas on DSK3SPTVN1PROD with RULES K. Effects on the Energy Supply (E.O. 13211) This rule is not a significant energy action under the definition in Executive Order 13211. A Statement of Energy Effects is not required. L. Clarity of This Regulation We are required by Executive Orders 12866 (section 1(b)(12)), 12988 (section 3(b)(1)(B)), and 13563 (section 1(a)), and by the Presidential Memorandum of June 1, 1998, to write all rules in plain language. This means that each rule we publish must: (a) Be logically organized; (b) Use the active voice to address readers directly; (c) Use common, everyday words and clear language rather than jargon; (d) Be divided into short sections and sentences; and (e) Use lists and tables wherever possible. If you feel that we have not met these requirements, send us comments by one of the methods listed in the ADDRESSES section. Your comments should be as specific as possible. For example, you should tell us the numbers of the sections or paragraphs that you find unclear, which sections or sentences are too long, the sections where you feel lists or tables would be useful, etc. M. Administrative Procedure Act The FCPIA of 2015 requires agencies to publish interim final rules by July 1, 2016, with an effective date for the VerDate Sep<11>2014 16:44 Jun 30, 2016 Jkt 238001 adjusted penalties of no later than August 1, 2016. To comply with the FCPIA of 2015, we are issuing these regulations as an interim final rule and are requesting comments postpromulgation. The Administrative Procedure Act (APA) provides that, when an agency for good cause finds that ‘‘notice and public procedure . . . are impracticable, unnecessary, or contrary to the public interest,’’ the agency may issue a rule without providing notice and an opportunity for prior public comment. 5 U.S.C. 553(b). BOEM finds that there is good cause to promulgate this rule without first providing for public comment. It would not be practicable to meet the deadlines imposed by the FCPIA of 2015 if we were to first publish a proposed rule, allow the public sufficient time to submit comments, analyze the comments, and publish a final rule. Also, BOEM is promulgating this final rule to implement the statutory directive in the FCPIA of 2015, which requires agencies to publish an interim final rule and to update the civil penalty amounts by applying a specified formula. BOEM has no discretion to vary the amount of the adjustment to reflect any views or suggestions provided by commenters, so notice and comment is unnecessary. Accordingly, it would serve no purpose to provide an opportunity for prepromulgation public comment on this rule. Thus, BOEM finds prepromulgation notice and public comment to be impracticable and unnecessary. List of Subjects 30 CFR Part 550 Administrative practice and procedure, Continental shelf, environmental impact statements, environmental protection, federal lands, government contracts, investigations, oil and gas exploration, outer continental shelf, penalties, pipelines, mineral resources, rights-of-way, reporting and recordkeeping requirements, sulfur. 30 CFR Part 553 Administrative practice and procedure, Continental shelf, Financial responsibility, OCS, Oil and gas exploration, Oil pollution, Liability, Limit of liability, Penalties, Pipelines, Rights-of-way, Reporting and recordkeeping requirements, Surety bonds, Treasury securities. PO 00000 Frm 00087 Fmt 4700 Sfmt 4700 43069 Dated; June 24, 2016. Janice M. Schneider, Assistant Secretary—Land and Minerals Management. For the reasons stated in the preamble, the BOEM amends 30 CFR parts 550 and 553 as follows: PART 550—OIL AND GAS AND SULPHUR OPERATIONS IN THE OUTER CONTINENTAL SHELF 1. The authority citation for part 550 is revised to read as follows: ■ Authority: 30 U.S.C. 1751; 31 U.S.C. 9701; 43 U.S.C. 1334. 2. Revise § 550.1403 to read as follows: ■ § 550.1403 penalty? What is the maximum civil The maximum civil penalty is $42,017 per day per violation. PART 553—OIL SPILL FINANCIAL RESPONSIBILITY FOR OFFSHORE FACILITIES 3. The authority citation for part 553 is revised to read as follows: ■ Authority: 33 U.S.C. 2704, 2716; E.O. 12777, as amended. 4. In § 553.51, revise paragraph (a) to read as follows: ■ § 553.51 What are the penalties for not complying with this part? (a) If you fail to comply with the financial responsibility requirements of OPA at 33 U.S.C. 2716 or with the requirements of this part, then you may be liable for a civil penalty of up to $44,539 per COF per day of violation (that is, each day a COF is operated without acceptable evidence of OSFR). * * * * * [FR Doc. 2016–15607 Filed 6–30–16; 8:45 am] BILLING CODE 4310–MR–P DEPARTMENT OF THE TREASURY Fiscal Service 31 CFR Part 356 Sale and Issue of Marketable BookEntry Treasury Bills, Notes, and Bonds Fiscal Service, Treasury. Final rule. AGENCY: ACTION: The Department of the Treasury is making non-substantive technical corrections to its marketable securities auction rules. DATES: Effective July 1, 2016. FOR FURTHER INFORMATION CONTACT: Lori Santamorena, Kurt Eidemiller, or Kevin SUMMARY: E:\FR\FM\01JYR1.SGM 01JYR1 43070 Federal Register / Vol. 81, No. 127 / Friday, July 1, 2016 / Rules and Regulations Procedural Requirements Administrative Procedure Act. Because this final rule relates to public contracts and procedures for United States securities, the notice, public comment, and delayed effective date provisions of the Administrative Procedure Act are inapplicable, pursuant to 5 U.S.C. 553(a)(2). Text of Amendments § 356.31 Accordingly, 31 CFR part 356 is amended by making the following technical amendments: ■ PART 356—SALE AND ISSUE OF MARKETABLE BOOK–ENTRY TREASURY BILLS, NOTES, AND BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, FISCAL SERVICE SERIES NO. 1–93) 1. The authority citation for part 356 continues to read as follows: ■ § 356.2 * [Amended] * ACTION: * * BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY asabaliauskas on DSK3SPTVN1PROD with RULES Office of Foreign Assets Control 31 CFR Parts 501, 535, 536, 537, 538, 539, 541, 542, 543, 544, 546, 547, 548, 549, 560, 561, 566, 576, 588, 592, 593, 594, 595, 597, and 598. Implementation of the Federal Civil Penalties Inflation Adjustment Act Office of Foreign Assets Control, Treasury. AGENCY: 16:44 Jun 30, 2016 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing this interim final rule to amend its regulations for the relevant sanctions programs it administers to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. In particular, this rule adjusts for inflation the maximum amount of the civil monetary penalties that may be assessed under relevant OFAC regulations, including by making conforming changes to OFAC’s ‘‘Economic Sanctions Enforcement Guidelines.’’ SUMMARY: [FR Doc. 2016–15248 Filed 6–30–16; 8:45 am] VerDate Sep<11>2014 ■ Interim final rule with request for comments. David A. Lebryk, Fiscal Assistant Secretary. Jkt 238001 4. Appendix B to part 356 is amended by removing two paragraphs of introductory text following the table of contents and adding one paragraph in its place, and revising Section IV, subsection D, paragraphs (a), (b), and (c) to read as follows: ■ Appendix B to Part 356—Formulas and Tables List of Subjects in 31 CFR Part 356 Banks, banking, Bonds, Federal Reserve System, Government securities, Reporting and recordkeeping requirements, Securities. * 3. Section 356.31 is amended in the last sentences of paragraphs (c)(3)(i) and (iii) by removing the reference to ‘‘section IV’’ and adding in its place ‘‘section V.’’ Authority: 5 U.S.C. 301; 31 U.S.C. 3102, et seq.; 12 U.S.C. 391. 2. Section 356.2 is amended in the last sentence of the definition of ‘‘accrued interest’’ by removing the reference to ‘‘paragraph C’’ and adding in its place ‘‘paragraph D’’ and in the last sentence of paragraph (2) in the definition of ‘‘adjusted value’’ by removing the reference to ‘‘section IV’’ and adding in its place ‘‘section V.’’ * [Amended] PO 00000 Frm 00088 Fmt 4700 Sfmt 4700 * * * * The examples in this appendix are given for illustrative purposes only and are in no way a prediction of interest rates on any bills, notes, or bonds issued under this part. In some of the following examples, we use intermediate rounding for ease in following the calculations. * * * * * IV. * * * D. * * * This rule is effective August 1, 2016. Comments must be received on or before August 1, 2016. ADDRESSES: You may submit comments by any of the following methods: Federal eRulemaking Portal: www.regulations.gov. Follow the instructions on the Web site for submitting comments. Fax: Attn: Request for Comments (Amendments to OFAC Regulations to Implement the Federal Civil Penalties Inflation Adjustment Act) 202–622– 1657. Mail: Attn: Request for Comments (Amendments to OFAC Regulations to Implement the Federal Civil Penalties Inflation Adjustment Act), Office of Foreign Assets Control, Department of the Treasury, 1500 Pennsylvania Avenue NW, Freedman’s Bank Building, Washington, DC 20220. DATES: E:\FR\FM\01JYR1.SGM 01JYR1 ER01JY16.004</GPH> Hawkins, Government Securities Regulations Staff, Bureau of the Fiscal Service, Department of the Treasury, (202) 504–3632 or email us at govsecreg@fiscal.treasury.gov. SUPPLEMENTARY INFORMATION: We are making non-substantive technical corrections to §§ 356.2, 356.31, and appendix B to part 356. The amendments re-designate cross references to other parts of the rules, revise the introductory text of a paragraph, and restate a variable.

Agencies

[Federal Register Volume 81, Number 127 (Friday, July 1, 2016)]
[Rules and Regulations]
[Pages 43069-43070]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-15248]


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DEPARTMENT OF THE TREASURY

Fiscal Service

31 CFR Part 356


Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, 
and Bonds

AGENCY: Fiscal Service, Treasury.

ACTION: Final rule.

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SUMMARY: The Department of the Treasury is making non-substantive 
technical corrections to its marketable securities auction rules.

DATES: Effective July 1, 2016.

FOR FURTHER INFORMATION CONTACT: Lori Santamorena, Kurt Eidemiller, or 
Kevin

[[Page 43070]]

Hawkins, Government Securities Regulations Staff, Bureau of the Fiscal 
Service, Department of the Treasury, (202) 504-3632 or email us at 
govsecreg@fiscal.treasury.gov.

SUPPLEMENTARY INFORMATION: We are making non-substantive technical 
corrections to Sec. Sec.  356.2, 356.31, and appendix B to part 356. 
The amendments re-designate cross references to other parts of the 
rules, revise the introductory text of a paragraph, and restate a 
variable.

Procedural Requirements

    Administrative Procedure Act. Because this final rule relates to 
public contracts and procedures for United States securities, the 
notice, public comment, and delayed effective date provisions of the 
Administrative Procedure Act are inapplicable, pursuant to 5 U.S.C. 
553(a)(2).

List of Subjects in 31 CFR Part 356

    Banks, banking, Bonds, Federal Reserve System, Government 
securities, Reporting and recordkeeping requirements, Securities.

Text of Amendments

    Accordingly, 31 CFR part 356 is amended by making the following 
technical amendments:

PART 356--SALE AND ISSUE OF MARKETABLE BOOK-ENTRY TREASURY BILLS, 
NOTES, AND BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, FISCAL 
SERVICE SERIES NO. 1-93)

0
1. The authority citation for part 356 continues to read as follows:

    Authority:  5 U.S.C. 301; 31 U.S.C. 3102, et seq.; 12 U.S.C. 
391.


Sec.  356.2  [Amended]

0
2. Section 356.2 is amended in the last sentence of the definition of 
``accrued interest'' by removing the reference to ``paragraph C'' and 
adding in its place ``paragraph D'' and in the last sentence of 
paragraph (2) in the definition of ``adjusted value'' by removing the 
reference to ``section IV'' and adding in its place ``section V.''


Sec.  356.31  [Amended]

0
3. Section 356.31 is amended in the last sentences of paragraphs 
(c)(3)(i) and (iii) by removing the reference to ``section IV'' and 
adding in its place ``section V.''

0
4. Appendix B to part 356 is amended by removing two paragraphs of 
introductory text following the table of contents and adding one 
paragraph in its place, and revising Section IV, subsection D, 
paragraphs (a), (b), and (c) to read as follows:

Appendix B to Part 356--Formulas and Tables

* * * * *
    The examples in this appendix are given for illustrative 
purposes only and are in no way a prediction of interest rates on 
any bills, notes, or bonds issued under this part. In some of the 
following examples, we use intermediate rounding for ease in 
following the calculations.
* * * * *
    IV. * * *
    D. * * *
    [GRAPHIC] [TIFF OMITTED] TR01JY16.004
    
* * * * *

David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2016-15248 Filed 6-30-16; 8:45 am]
BILLING CODE 4810-AS-P