Revision of Organization; Technical Amendment, 13105-13106 [2018-06065]
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Federal Register / Vol. 83, No. 59 / Tuesday, March 27, 2018 / Rules and Regulations
conditions will remain strong. Inflation
on a 12-month basis is expected to move
up in coming months and to stabilize
around the Committee’s 2 percent
objective over the medium term. Nearterm risks to the economic outlook
appear roughly balanced, but the
Committee is monitoring inflation
developments closely.
In view of realized and expected labor
market conditions and inflation, the
Committee decided to raise the target
range for the federal funds rate to 11⁄2 to
13⁄4 percent. The stance of monetary
policy remains accommodative, thereby
supporting strong labor market
conditions and a sustained return to 2
percent inflation. A Federal Reserve
Implementation note released
simultaneously with the announcement
stated that:
The Board of Governors of the Federal
Reserve System voted unanimously to raise
the interest rate paid on required and excess
reserve balances to 1.75 percent, effective
March 22, 2018.
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As a result, the Board is amending
§ 204.10(b)(5) of Regulation D to change
IORR to 1.75 percent and IOER to 1.75
percent.
III. Administrative Procedure Act
In general, the Administrative
Procedure Act (‘‘APA’’) 7 imposes three
principal requirements when an agency
promulgates legislative rules (rules
made pursuant to congressionally
delegated authority): (1) Publication
with adequate notice of a proposed rule;
(2) followed by a meaningful
opportunity for the public to comment
on the rule’s content; and (3)
publication of the final rule not less
than 30 days before its effective date.
The APA provides that notice and
comment procedures do not apply if the
agency for good cause finds them to be
‘‘unnecessary, impracticable, or contrary
to the public interest.’’ 8 Section 553(d)
of the APA also provides that
publication at least 30 days prior to a
rule’s effective date is not required for
(1) a substantive rule which grants or
recognizes an exemption or relieves a
restriction; (2) interpretive rules and
statements of policy; or (3) a rule for
which the agency finds of good cause
for shortened notice and publishes its
reasoning with the rule.9
The Board has determined that good
cause exists for finding that the notice,
public comment, and delayed effective
date provisions of the APA are
unnecessary, impracticable, or contrary
to the public interest with respect to
U.S.C. 551 et seq.
U.S.C. 553(b)(3)(A).
9 5 U.S.C. 553(d).
these final amendments to Regulation D.
The rate increases for IORR and IOER
that are reflected in the final
amendments to Regulation D were made
with a view towards accommodating
commerce and business and with regard
to their bearing upon the general credit
situation of the country. Notice and
public comment would prevent the
Board’s action from being effective as
promptly as necessary in the public
interest, and would not otherwise serve
any useful purpose. Notice, public
comment, and a delayed effective date
would create uncertainty about the
finality and effectiveness of the Board’s
action and undermine the effectiveness
of that action. Accordingly, the Board
has determined that good cause exists to
dispense with the notice, public
comment, and delayed effective date
procedures of the APA with respect to
these final amendments to Regulation D.
§ 204.10
IV. Regulatory Flexibility Analysis
The Regulatory Flexibility Act
(‘‘RFA’’) does not apply to a rulemaking
where a general notice of proposed
rulemaking is not required.10 As noted
previously, the Board has determined
that it is unnecessary and contrary to
the public interest to publish a general
notice of proposed rulemaking for this
final rule. Accordingly, the RFA’s
requirements relating to an initial and
final regulatory flexibility analysis do
not apply.
Food and Drug Administration
V. Paperwork Reduction Act
In accordance with the Paperwork
Reduction Act (‘‘PRA’’) of 1995,11 the
Board reviewed the final rule under the
authority delegated to the Board by the
Office of Management and Budget. The
final rule contains no requirements
subject to the PRA.
List of Subjects in 12 CFR Part 204
Banks, Banking, Reporting and
recordkeeping requirements.
For the reasons set forth in the
preamble, the Board amends 12 CFR
part 204 as follows:
PART 204—RESERVE
REQUIREMENTS OF DEPOSITORY
INSTITUTIONS (REGULATION D)
1. The authority citation for part 204
continues to read as follows:
■
Authority: 12 U.S.C. 248(a), 248(c), 461,
601, 611, and 3105.
2. Section 204.10 is amended by
revising paragraph (b)(5) to read as
follows:
■
75
10 5
85
11 44
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17:36 Mar 26, 2018
U.S.C. 603 and 604.
U.S.C. 3506; see 5 CFR part 1320, appendix
A.1.
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*
Payment of interest on balances.
*
*
*
*
(b) * * *
(5) The rates for IORR and IOER are:
Rate
(%)
IORR .....................................
IOER .....................................
*
*
*
*
1.75
1.75
*
By order of the Board of Governors of the
Federal Reserve System, March 22, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018–06124 Filed 3–26–18; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
21 CFR Part 5
[Docket No. FDA–2018–N–0011]
Revision of Organization; Technical
Amendment
AGENCY:
Food and Drug Administration,
HHS.
Final rule; technical
amendment.
ACTION:
The Food and Drug
Administration (FDA or Agency) is
amending its regulations to reflect
organizational change for the Office of
Regulatory Policy, Center for Drug
Evaluation and Research (CDER), Office
of Medical Products and Tobacco. FDA
is taking this action to ensure accuracy
and clarity in the Agency’s regulations.
DATES: This rule is effective March 27,
2018.
FOR FURTHER INFORMATION CONTACT:
Florine Purdie, Center for Drug
Evaluation and Research, Food and
Drug Administration, 10903 New
Hampshire Ave. Bldg. 51, Rm. 6248,
Silver Spring, MD 20993–0002, 301–
796–3601.
SUPPLEMENTARY INFORMATION: FDA is
amending 21 CFR 5.1100 to update the
organizational information for the Office
of Regulatory Policy, CDER, Office of
Medical Products and Tobacco.
Publication of this document
constitutes final action on this change
under the Administrative Procedure Act
(5 U.S.C. 553). FDA has determined that
notice and public comment are
unnecessary because this amendment to
the regulations provides only a
technical change to update the
SUMMARY:
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Federal Register / Vol. 83, No. 59 / Tuesday, March 27, 2018 / Rules and Regulations
organizational information for the Office
of Regulatory Policy, CDER, Office of
Medical Products and Tobacco.
List of Subjects in 21 CFR Part 5
Authority delegations (Government
agencies), Imports, Organization and
functions (Government agencies).
Therefore, under the Federal Food,
Drug, and Cosmetic Act and under
authority delegated to the Commissioner
of Food and Drugs, 21 CFR part 5 is
amended as follows:
PART 5—ORGANIZATION
1. The authority citation for part 5
continues to read as follows:
■
I. Table of Abbreviations
[Amended]
2. In § 5.1100, under the heading
‘‘OFFICE OF MEDICAL PRODUCTS
AND TOBACCO’’, under ‘‘Office of
Regulatory Policy.’’, under ‘‘Division of
Regulatory Policy III.’’, add the words
‘‘Division of Regulatory Policy IV.’’.
■
Dated: March 21, 2018.
Leslie Kux,
Associate Commissioner for Policy.
BILLING CODE 4164–01–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 165
[Docket Number USCG–2017–0929]
RIN 1625–AA00
Safety Zone; Lower Mississippi River,
New Orleans, LA
Coast Guard, DHS.
Temporary final rule.
AGENCY:
The Coast Guard is
establishing a temporary safety zone for
all navigable waters on the Lower
Mississippi River from mile marker
(MM) 94 to MM 95, above Head of
Passes. The safety zone is needed to
protect personnel, vessels, and the
marine environment from potential
hazards created by a fireworks display.
Entry of vessels or persons into this
zone is prohibited unless specifically
authorized by the Captain of the Port
Sector New Orleans (COTP) or a
designated representative.
DATES: This rule is effective from 7:30
p.m. through 8:30 p.m. on April 21,
2018.
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SUMMARY:
VerDate Sep<11>2014
17:36 Mar 26, 2018
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AHP Above Head of Passes
COTP Captain of the Port Sector New
Orleans
CFR Code of Federal Regulations
DHS Department of Homeland Security
FR Federal Register
MM Mile marker
NPRM Notice of proposed rulemaking
§ Section
U.S.C. United States Code
II. Background Information and
Regulatory History
[FR Doc. 2018–06065 Filed 3–26–18; 8:45 am]
ACTION:
If
you have questions about this
rulemaking, call or email Lieutenant
Commander (LCDR) Howard Vacco,
Sector New Orleans, U.S. Coast Guard;
telephone 504–365–2281, email
Howard.K.Vacco@uscg.mil.
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
Authority: 5 U.S.C. 552; 21 U.S.C. 301–
397.
§ 5.1100
To view documents
mentioned in this preamble as being
available in the docket, go to https://
www.regulations.gov, type USCG–2017–
0929 in the ‘‘SEARCH’’ box and click
‘‘SEARCH.’’ Click on Open Docket
Folder on the line associated with this
rule.
ADDRESSES:
On September 14, 2017, the New
Orleans Convention Company, Inc.
notified the Coast Guard that it would
be conducting a fireworks display from
7:30 p.m. through 8:30 p.m. on April 21,
2018 to for the fireworks to be launched
from a barge on the Lower Mississippi
River at mile marker (MM) 94.5, above
Head of Passes (AHP), New Orleans, LA.
In response, on December 11, 2017, the
Coast Guard published a notice of
proposed rulemaking (NPRM) Safety
Zone; Lower Mississippi River, New
Orleans, LA in 82 FR 58147. There we
stated why we issued the NPRM, and
invited comments on our proposed
regulatory action related to this
fireworks display. During the comment
period that ended on February 9, 2018,
we received 0 comments.
III. Legal Authority and Need for Rule
The Coast Guard is issuing this rule
under authority in 33 U.S.C. 1231. The
Captain of the Port Sector New Orleans
(COTP) has determined that potential
hazards associated with the fireworks to
be used in this April 21, 2018 display
will be a safety concern for anyone
within a one mile stretch of the Lower
Mississippi River. The purpose of this
rule is to ensure safety of persons and
vessels on the navigable waters in the
safety zone before, during, and after the
scheduled event.
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IV. Discussion of Comments, Changes,
and the Rule
As noted above, we received no
comments on our NPRM published on
December 11, 2017. There are no
changes in the regulatory text of this
rule from the proposed rule in the
NPRM.
This rule establishes a safety zone
from 7:30 p.m. through 8:30 p.m. on
April 21, 2018. The safety zone will
cover all navigable waters of the Lower
Mississippi River between MMs 94 and
95 AHP in New Orleans, LA. The
duration of the zone is intended to
ensure the safety of vessels and these
navigable waters before, during, and
after the scheduled fireworks display.
No vessel or person would be permitted
to enter the safety zone without
obtaining permission from the COTP or
a designated representative. A
designated representative is a
commissioned, warrant, or petty officer
of the U.S. Coast Guard assigned to
units under the operational control of
USCG Sector New Orleans. Vessels
requiring entry into this safety zone
must request permission from the COTP
or a designated representative. They
may be contacted on VHF–FM Channel
16 or 67. Persons and vessels permitted
to enter this safety zone must transit at
their slowest safe speed and comply
with all lawful directions issued by the
COTP or the designated representative.
V. Regulatory Analyses
We developed this rule after
considering numerous statutes and
executive orders related to rulemaking.
Below we summarize our analyses
based on a number of these statutes and
executive orders, and we discuss First
Amendment rights of protestors.
A. Regulatory Planning and Review
Executive Orders 12866 and 13563
direct agencies to assess the costs and
benefits of available regulatory
alternatives and, if regulation is
necessary, to select regulatory
approaches that maximize net benefits.
Executive Order 13771 directs agencies
to control regulatory costs through a
budgeting process. This rule has not
been designated a ‘‘significant
regulatory action,’’ under Executive
Order 12866. Accordingly, this rule has
not been reviewed by the Office of
Management and Budget (OMB), and
pursuant to OMB guidance it is exempt
from the requirements of Executive
Order 13771.
This regulatory action determination
is based on this rule only encompassing
a one mile stretch of the Lower
Mississippi River for one hour in the
evening.
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[Federal Register Volume 83, Number 59 (Tuesday, March 27, 2018)]
[Rules and Regulations]
[Pages 13105-13106]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-06065]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HEALTH AND HUMAN SERVICES
Food and Drug Administration
21 CFR Part 5
[Docket No. FDA-2018-N-0011]
Revision of Organization; Technical Amendment
AGENCY: Food and Drug Administration, HHS.
ACTION: Final rule; technical amendment.
-----------------------------------------------------------------------
SUMMARY: The Food and Drug Administration (FDA or Agency) is amending
its regulations to reflect organizational change for the Office of
Regulatory Policy, Center for Drug Evaluation and Research (CDER),
Office of Medical Products and Tobacco. FDA is taking this action to
ensure accuracy and clarity in the Agency's regulations.
DATES: This rule is effective March 27, 2018.
FOR FURTHER INFORMATION CONTACT: Florine Purdie, Center for Drug
Evaluation and Research, Food and Drug Administration, 10903 New
Hampshire Ave. Bldg. 51, Rm. 6248, Silver Spring, MD 20993-0002, 301-
796-3601.
SUPPLEMENTARY INFORMATION: FDA is amending 21 CFR 5.1100 to update the
organizational information for the Office of Regulatory Policy, CDER,
Office of Medical Products and Tobacco.
Publication of this document constitutes final action on this
change under the Administrative Procedure Act (5 U.S.C. 553). FDA has
determined that notice and public comment are unnecessary because this
amendment to the regulations provides only a technical change to update
the
[[Page 13106]]
organizational information for the Office of Regulatory Policy, CDER,
Office of Medical Products and Tobacco.
List of Subjects in 21 CFR Part 5
Authority delegations (Government agencies), Imports, Organization
and functions (Government agencies).
Therefore, under the Federal Food, Drug, and Cosmetic Act and under
authority delegated to the Commissioner of Food and Drugs, 21 CFR part
5 is amended as follows:
PART 5--ORGANIZATION
0
1. The authority citation for part 5 continues to read as follows:
Authority: 5 U.S.C. 552; 21 U.S.C. 301-397.
Sec. 5.1100 [Amended]
0
2. In Sec. 5.1100, under the heading ``OFFICE OF MEDICAL PRODUCTS AND
TOBACCO'', under ``Office of Regulatory Policy.'', under ``Division of
Regulatory Policy III.'', add the words ``Division of Regulatory Policy
IV.''.
Dated: March 21, 2018.
Leslie Kux,
Associate Commissioner for Policy.
[FR Doc. 2018-06065 Filed 3-26-18; 8:45 am]
BILLING CODE 4164-01-P
