Petition of SM Line Corporation for an Exemption; Notice of Filing and Request for Comments, 60014 [2017-27135]

Download as PDF 60014 Federal Register / Vol. 82, No. 241 / Monday, December 18, 2017 / Notices Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2017–27158 Filed 12–15–17; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION [Petition No. P4–17] daltland on DSKBBV9HB2PROD with NOTICES Petition of SM Line Corporation for an Exemption; Notice of Filing and Request for Comments Notice is hereby given that SM Line Corporation (‘‘Petitioner’’), has petitioned the Commission pursuant to 46 CFR 502.92, 502.94, and 530.13(b) for an exemption from the individual service contract amendments provision of 46 CFR 530.10. Petitioner states that it will soon merge with another Korean affiliated corporation, Woobang E&C, and that the ‘‘merger will include about 769 service contracts.’’ The Petitioner speculates the merger will occur ‘‘on or about January 12, 2018 . . .’’ Petitioner states that both itself and Woobang E&C will be ‘‘. . . jointly and severally liable, so the current corporation guarantees the performance of the new corporation, including its service contracts.’’ Petitioner claims ‘‘[it] would be an undue burden on [itself] and its shipper customers to identify those contracts not assignable by notice and to prepare, sign and file many individual amendments.’’ Petitioner claims ‘‘there will be no reduction in competition, and the relief will promote commerce by permitting the orderly servicing of these service contracts.’’ In order for the Commission to make a thorough evaluation of the exemption requested in the Petition, pursuant to 46 CFR 502.92, 502.94, and 530.13(b), interested parties are requested to submit views or arguments in reply to the Petition no later than January 2, 2018. Replies shall be sent to the Secretary by email to Secretary@fmc.gov or by mail to Federal Maritime Commission, 800 North Capitol Street NW, Washington, DC 20573–0001, and replies shall be served on Petitioners’ counsels, Robert B. Yoshitomi, NIXON PEABODY LLP, 799 Ninth Street NW, Ste. 500, Washington, DC 20001, ryoshitomi@nixonpeabody.com, and Eric C. Jeffrey, NIXON PEABODY LLP, 799 Ninth Street NW, Ste. 500, Washington, DC 20001, ejeffrey@ nixonpeabody.com. Non-confidential filings may be submitted in hard copy to the Secretary at the above address or by email as a PDF attachment to Secretary@fmc.gov VerDate Sep<11>2014 17:53 Dec 15, 2017 Jkt 244001 and include in the subject line: P4–17 (Commenter/Company). Confidential filings should not be filed by email. A confidential filing must be filed with the Secretary in hard copy only, and be accompanied by a transmittal letter that identifies the filing as ‘‘ConfidentialRestricted’’ and describes the nature and extent of the confidential treatment requested. The Commission will provide confidential treatment to the extent allowed by law for confidential submissions, or parts of submissions, for which confidentiality has been requested. When a confidential filing is submitted, there must also be submitted a public version of the filing. Such public filing version shall exclude confidential materials, and shall indicate on the cover page and on each affected page ‘‘Confidential materials excluded.’’ Public versions of confidential filings may be submitted by email. The Petition will be posted on the Commission’s website at http:// www.fmc.gov/P4-17. Replies filed in response to the Petition will also be posted on the Commission’s website at this location. Rachel E. Dickon, Assistant Secretary. [FR Doc. 2017–27135 Filed 12–15–17; 8:45 am] BILLING CODE 6731–AA–P FEDERAL RESERVE SYSTEM [Docket No. R–1584] RIN 7100 AE 89 Regulation Q; Regulatory Capital Rules: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies Board of Governors of the Federal Reserve System (Board). ACTION: Notice. AGENCY: The Board is providing notice of the aggregate global indicator amounts for purposes of a calculation for 2017, which is required under the Board’s rule regarding risk-based capital surcharges for global systemically important bank holding companies (GSIB surcharge rule). DATES: Applicable: December 18, 2017. FOR FURTHER INFORMATION CONTACT: Elizabeth MacDonald, Manager, (202) 475–6316, or Holly Kirkpatrick, Supervisory Financial Analyst, (202) 452–2796, Division of Supervision and Regulation; or Mark Buresh, Senior Attorney, (202) 452–5270, or Mary Watkins, Attorney, (202) 452–3722, Legal Division. Board of Governors of the Federal Reserve System, 20th and C SUMMARY: PO 00000 Frm 00015 Fmt 4703 Sfmt 4703 Streets NW, Washington, DC 20551. For the hearing impaired only, Telecommunications Device for the Deaf (TDD) users may contact (202) 263– 4869. SUPPLEMENTARY INFORMATION: The Board’s GSIB surcharge rule establishes a methodology to identify global systemically important bank holding companies in the United States (GSIBs) based on indicators that are correlated with systemic importance.1 Under the GSIB surcharge rule, a firm must calculate its GSIB score using a specific formula (Method 1). Method 1 uses five equally weighted categories that are correlated with systemic importance— size, interconnectedness, crossjurisdictional activity, substitutability, and complexity—and subdivided into twelve systemic indicators. For each indicator, a firm divides its own measure of each systemic indicator by an aggregate global indicator amount. The firm’s Method 1 score is the sum of its weighted systemic indicator scores expressed in basis points. The GSIB surcharge for the firm is then the higher of the GSIB surcharge determined under Method 1 and a second method that weights size, interconnectedness, crossjurisdictional activity, complexity, and a measure of a firm’s reliance on wholesale funding (instead of substitutability).2 The aggregate global indicator amounts used in the score calculation under Method 1 are based on data collected by the Basel Committee on Banking Supervision (BCBS). The BCBS amounts are determined based on the sum of the systemic indicator scores of the 75 largest U.S. and foreign banking organizations as measured by the BCBS, and any other banking organization that the BCBS includes in its sample total for that year. The BCBS publicly releases these values, denominated in euros, each year. Pursuant to the GSIB surcharge rule, the Board publishes the aggregate global indicator amounts each year as denominated in U.S. dollars using the euro-dollar exchange rate provided by the BCBS.3 Specifically, the Board multiplied each of the eurodenominated indicator amounts made publicly available by the BCBS by 1 See 12 CFR 217.402, 217.404. second method (Method 2) uses similar inputs to those used in Method 1, but replaces the substitutability category with a measure of a firm’s use of short-term wholesale funding. In addition, Method 2 is calibrated differently from Method 1. 3 12 CFR 217.404(b)(1)(i)(B); 80 FR 49082, 49086– 87 (August 14, 2015). In addition, the Board maintains the GSIB Framework Denominators on its website, available at https:// www.federalreserve.gov/bankinforeg/basel/ denominators.htm. 2 The E:\FR\FM\18DEN1.SGM 18DEN1

Agencies

[Federal Register Volume 82, Number 241 (Monday, December 18, 2017)]
[Notices]
[Page 60014]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-27135]


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FEDERAL MARITIME COMMISSION

[Petition No. P4-17]


Petition of SM Line Corporation for an Exemption; Notice of 
Filing and Request for Comments

    Notice is hereby given that SM Line Corporation (``Petitioner''), 
has petitioned the Commission pursuant to 46 CFR 502.92, 502.94, and 
530.13(b) for an exemption from the individual service contract 
amendments provision of 46 CFR 530.10.
    Petitioner states that it will soon merge with another Korean 
affiliated corporation, Woobang E&C, and that the ``merger will include 
about 769 service contracts.'' The Petitioner speculates the merger 
will occur ``on or about January 12, 2018 . . .'' Petitioner states 
that both itself and Woobang E&C will be ``. . . jointly and severally 
liable, so the current corporation guarantees the performance of the 
new corporation, including its service contracts.'' Petitioner claims 
``[it] would be an undue burden on [itself] and its shipper customers 
to identify those contracts not assignable by notice and to prepare, 
sign and file many individual amendments.'' Petitioner claims ``there 
will be no reduction in competition, and the relief will promote 
commerce by permitting the orderly servicing of these service 
contracts.''
    In order for the Commission to make a thorough evaluation of the 
exemption requested in the Petition, pursuant to 46 CFR 502.92, 502.94, 
and 530.13(b), interested parties are requested to submit views or 
arguments in reply to the Petition no later than January 2, 2018. 
Replies shall be sent to the Secretary by email to [email protected] or 
by mail to Federal Maritime Commission, 800 North Capitol Street NW, 
Washington, DC 20573-0001, and replies shall be served on Petitioners' 
counsels, Robert B. Yoshitomi, NIXON PEABODY LLP, 799 Ninth Street NW, 
Ste. 500, Washington, DC 20001, [email protected], and Eric 
C. Jeffrey, NIXON PEABODY LLP, 799 Ninth Street NW, Ste. 500, 
Washington, DC 20001, [email protected].
    Non-confidential filings may be submitted in hard copy to the 
Secretary at the above address or by email as a PDF attachment to 
[email protected] and include in the subject line: P4-17 (Commenter/
Company). Confidential filings should not be filed by email. A 
confidential filing must be filed with the Secretary in hard copy only, 
and be accompanied by a transmittal letter that identifies the filing 
as ``Confidential-Restricted'' and describes the nature and extent of 
the confidential treatment requested. The Commission will provide 
confidential treatment to the extent allowed by law for confidential 
submissions, or parts of submissions, for which confidentiality has 
been requested. When a confidential filing is submitted, there must 
also be submitted a public version of the filing. Such public filing 
version shall exclude confidential materials, and shall indicate on the 
cover page and on each affected page ``Confidential materials 
excluded.'' Public versions of confidential filings may be submitted by 
email. The Petition will be posted on the Commission's website at 
http://www.fmc.gov/P4-17. Replies filed in response to the Petition 
will also be posted on the Commission's website at this location.

Rachel E. Dickon,
Assistant Secretary.
[FR Doc. 2017-27135 Filed 12-15-17; 8:45 am]
 BILLING CODE 6731-AA-P