Union Pacific Railroad Company-Temporary Trackage Rights Exemption-BNSF Railway Company, 949-950 [2020-00092]

Download as PDF Federal Register / Vol. 85, No. 5 / Wednesday, January 8, 2020 / Notices jbell on DSKJLSW7X2PROD with NOTICES that, as applicable, considers, and produces margin levels commensurate with, the risks and particular attributes of each relevant product, portfolio, and market.12 As noted above, LCH SA is proposing to amend its CDSClear Risk Methodology in order to allow Index Basis Packages margining as a single instrument as long as it meets the criteria noted above. As a result, LCH SA would amend its Spread Margin and Liquidity Charge Margin so that these margin requirements reflect a single rather than separate trades, which may result in a lower level of margin being collected. The Commission believes that these changes would help ensure that LCH SA’s margin requirements are commensurate with the risks associated with clearing Index Basis Packages, including by reflecting the lower risk levels commensurate with Index Basis Packages viewed as a single instrument, as opposed to the individual component instruments that make up the Index Basis Package. Therefore, for the above reasons the Commission finds that the proposed rule change is consistent with Rule 17Ad–22(e)(6)(i).13 C. Consistency With Rule 17Ad– 22(e)(6)(iii) Rule 17Ad–22(e)(6)(iii) requires a covered clearing agency that provides central counterparty services to cover its credit exposures to its participants by establishing a risk-based margin system that, as applicable, calculates margin sufficient to cover its potential future exposure to participants in the interval between the last margin collection and the close out of positions following a participant default.14 As noted above, with respect to the liquidity charge margin, LCH SA proposes to charge a specific bid/ask spread for each Index family underlying an Index Basis Package identified as such, rather than use the current Liquidity Charge Margin algorithm based on charging bid/ask spreads for each individual component in the package taken independently. These proposed changes reflect that, in the event of a Clearing Member default, Index Basis Packages most likely would be sold off as a single instrument in a dedicated auction, rather than broken apart into individual components with each component instrument sold in an independent auction. By helping to ensure that the liquidity charge margin applied to Index Basis Packages would be commensurate with the risks associated with clearing Index Basis 12 17 CFR 240.17Ad–22(e)(6)(i). CFR 240.17Ad–22(e)(6)(i). 14 17 CFR 240.17Ad–22(e)(6)(iii). 13 17 VerDate Sep<11>2014 17:18 Jan 07, 2020 Jkt 250001 Packages, the Commission believes that the proposed rule change would be consistent with the requirement to have margin sufficient to cover potential future exposure to participants in the interval between the last margin collection and the close out of positions following a participant default. IV. Conclusion On the basis of the foregoing, the Commission finds that the proposed rule change is consistent with the requirements of the Act, and in particular, with the requirements of Section 17A(b)(3)(F) of the Act 15 and Rules 17Ad–22(e)(6)(i) and (iii) thereunder.16 It is therefore ordered pursuant to Section 19(b)(2) of the Act 17 that the proposed rule change (SR–LCH SA– 2019–009), be, and hereby is, approved.18 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.19 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–00062 Filed 1–7–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meetings Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94–409, that the Securities and Exchange Commission Asset Management Advisory Committee (‘‘AMAC’’) will hold a public meeting on Tuesday, January 14, 2020 at 9:00 a.m. PLACE: The meeting will be held in Multi-Purpose Room LL–006 at the Commission’s headquarters, 100 F Street NE, Washington, DC. STATUS: The meeting will begin at 9:00 a.m. and will be open to the public. Seating will be on a first-come, firstserved basis. Doors will open at 8:30 a.m. Visitors will be subject to security checks. The meeting will be webcast on the Commission’s website at www.sec.gov. MATTERS TO BE CONSIDERED: On December 30, 2019, the Commission TIME AND DATE: 15 15 U.S.C. 78q–1(b)(3)(F). CFR 240.17Ad–22(e)(6)(i) and (iii). 17 15 U.S.C. 78s(b)(2). 18 In approving the proposed rule change, the Commission considered the proposal’s impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). 19 17 CFR 200.30–3(a)(12). 16 17 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 949 published notice of the Committee meeting (Release No. 34–87835), indicating that the meeting is open to the public and inviting the public to submit written comments to the Committee. This Sunshine Act notice is being issued because a majority of the Commission may attend the meeting. The meeting will include a discussion of various aspects of the asset management industry as well as administrative items. CONTACT PERSON FOR MORE INFORMATION: For further information, please contact Vanessa A. Countryman from the Office of the Secretary at (202) 551–5400. Dated: January 6, 2020. Vanessa A. Countryman, Secretary. [FR Doc. 2020–00168 Filed 1–6–20; 4:15 pm] BILLING CODE 8011–01–P SURFACE TRANSPORTATION BOARD [Docket No. FD 36372] Union Pacific Railroad Company— Temporary Trackage Rights Exemption—BNSF Railway Company Union Pacific Railroad Company (UP), a Class I rail carrier, has filed a verified notice of exemption under 49 CFR 1180.2(d)(8) for the acquisition of temporary overhead trackage rights over an approximately 51.7-mile rail line of BNSF Railway Company (BNSF) between milepost 579.3 near Mill Creek, Okla., on BNSF’s Creek Subdivision and milepost 631.0 near Joe Junction, Tex., on BNSF’s Madill Subdivision, pursuant to the terms of a Temporary Trackage Rights Agreement (Agreement).1 UP states that the purpose of the temporary trackage rights is to permit it to move empty and loaded unit ballast trains solely for UP’s maintenance of way projects. The Agreement provides that the trackage rights are temporary in nature and are scheduled to expire on December 31, 2020. The transaction may be consummated on or after January 22, 2020, the effective date of the exemption (30 days after the verified notice was filed). As a condition to this exemption, any employees affected by the acquisition of the temporary trackage rights will be protected by the conditions imposed in Norfolk & Western Railway—Trackage Rights—Burlington Northern, Inc., 354 I.C.C. 605 (1978), as modified in Mendocino Coast Railway—Lease & Operate—California Western Railroad, 360 I.C.C. 653 (1980), and any 1 A copy of the Agreement was filed with the verified notice. E:\FR\FM\08JAN1.SGM 08JAN1 950 Federal Register / Vol. 85, No. 5 / Wednesday, January 8, 2020 / Notices employees affected by the discontinuance of those trackage rights will be protected by the conditions set out in Oregon Short Line Railroad— Abandonment Portion Goshen Branch Between Firth & Ammon, in Bingham & Bonneville Counties, Idaho, 360 I.C.C. 91 (1979). If the verified 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 effectiveness of the exemption. Petitions for stay must be filed no later than January 15, 2020 (at least seven days before the exemption becomes effective). All pleadings, referring to Docket No. FD 36372, must be filed with the Surface Transportation Board either via e-filing or in writing addressed to 395 E Street SW, Washington, DC 20423–0001. In addition, a copy of each pleading must be served on UP’s representative, Jeremy M. Berman, Union Pacific Railroad Company, 1400 Douglas Street, Stop 1580, Omaha, NE 68179. According to UP, this action is categorically excluded from environmental review under 49 CFR 1105.6(c)(4) and historic preservation reporting requirements under 49 CFR 1105.8(b)(3). Board decisions and notices are available at www.stb.gov. Decided: January 2, 2020. By the Board, Allison C. Davis, Director, Office of Proceedings. Eden Besera, Clearance Clerk. [FR Doc. 2020–00092 Filed 1–7–20; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0716] Agency Information Collection Activity: (Complaint of Employment Discrimination; Information for PreComplaint Processing) The Office of Resolution Management, Department of Veterans Affairs. ACTION: Notice. AGENCY: The Office of Resolution Management (ORM), Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of a currently approved collection, and allow 60 days for public comment in response to the notice. DATES: Written comments and recommendations on the proposed collection of information should be received on or before March 9, 2020. ADDRESSES: Submit written comments on the collection of information through Federal Docket Management System (FDMS) at www.Regulations.gov or to Gina Suppa, Office of Resolution Management, Office of Policy and Compliance (08), Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420 or email to Gina.Suppa@va.gov. Please refer to ‘‘OMB Control No. 2900–0716’’ in any correspondence. During the comment period, comments may be viewed online through FDMS. FOR FURTHER INFORMATION CONTACT: William Preston, Office of Resolution Management, Office of Policy and Compliance by telephone at: (216) 390– 3607, electronically at: Gina.Suppa@ va.gov or by facsimile at: (202) 501– 2811. SUMMARY: Under the PRA of 1995, Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each jbell on DSKJLSW7X2PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 17:18 Jan 07, 2020 Jkt 250001 PO 00000 Frm 00078 Fmt 4703 Sfmt 9990 collection of information they conduct or sponsor. This request for comment is being made pursuant to Section 3506(c)(2)(A) of the PRA. With respect to the following collection of information, ORM invites comments on: (1) Whether the proposed collection of information is necessary for the proper performance of ORM’s functions, including whether the information will have practical utility; (2) the accuracy of ORM’s estimate of the burden of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or the use of other forms of information technology. Authority: Public Law 104–13; 44 U.S.C. 3501—3521. Title: a. Complaint of Employment Discrimination, VA Form 4939. b. Information for Pre-Complaint Processing, VA Form 08–10192. OMB Control Number: 2900–0716. Type of Review: Reinstatement of a previously OMB approved collection. Abstract: VA employees, former employees and applicants for employment who believe they were denied employment based on race, color, religion, gender, national origin age, physical or mental disability and/ or reprisal for prior Equal Employment Opportunity activity complete VA Form 4939 to file a complaint of discrimination. Affected Public: Individuals and households. Estimated Annual Burden: 230 burden hours. Estimated Average Burden per Respondent: 30 minutes. Frequency of Response: Annual. Estimated Number of Respondents: 460. By direction of the Secretary. Danny S. Green, Department Clearance Officer, Office of Quality, Performance and Risk, Department of Veterans Affairs. [FR Doc. 2020–00055 Filed 1–7–20; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\08JAN1.SGM 08JAN1

Agencies

[Federal Register Volume 85, Number 5 (Wednesday, January 8, 2020)]
[Notices]
[Pages 949-950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00092]


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SURFACE TRANSPORTATION BOARD

[Docket No. FD 36372]


Union Pacific Railroad Company--Temporary Trackage Rights 
Exemption--BNSF Railway Company

    Union Pacific Railroad Company (UP), a Class I rail carrier, has 
filed a verified notice of exemption under 49 CFR 1180.2(d)(8) for the 
acquisition of temporary overhead trackage rights over an approximately 
51.7-mile rail line of BNSF Railway Company (BNSF) between milepost 
579.3 near Mill Creek, Okla., on BNSF's Creek Subdivision and milepost 
631.0 near Joe Junction, Tex., on BNSF's Madill Subdivision, pursuant 
to the terms of a Temporary Trackage Rights Agreement (Agreement).\1\
---------------------------------------------------------------------------

    \1\ A copy of the Agreement was filed with the verified notice.
---------------------------------------------------------------------------

    UP states that the purpose of the temporary trackage rights is to 
permit it to move empty and loaded unit ballast trains solely for UP's 
maintenance of way projects. The Agreement provides that the trackage 
rights are temporary in nature and are scheduled to expire on December 
31, 2020.
    The transaction may be consummated on or after January 22, 2020, 
the effective date of the exemption (30 days after the verified notice 
was filed).
    As a condition to this exemption, any employees affected by the 
acquisition of the temporary trackage rights will be protected by the 
conditions imposed in Norfolk & Western Railway--Trackage Rights--
Burlington Northern, Inc., 354 I.C.C. 605 (1978), as modified in 
Mendocino Coast Railway--Lease & Operate--California Western Railroad, 
360 I.C.C. 653 (1980), and any

[[Page 950]]

employees affected by the discontinuance of those trackage rights will 
be protected by the conditions set out in Oregon Short Line Railroad--
Abandonment Portion Goshen Branch Between Firth & Ammon, in Bingham & 
Bonneville Counties, Idaho, 360 I.C.C. 91 (1979).
    If the verified 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 effectiveness of the 
exemption. Petitions for stay must be filed no later than January 15, 
2020 (at least seven days before the exemption becomes effective).
    All pleadings, referring to Docket No. FD 36372, must be filed with 
the Surface Transportation Board either via e-filing or in writing 
addressed to 395 E Street SW, Washington, DC 20423-0001. In addition, a 
copy of each pleading must be served on UP's representative, Jeremy M. 
Berman, Union Pacific Railroad Company, 1400 Douglas Street, Stop 1580, 
Omaha, NE 68179.
    According to UP, this action is categorically excluded from 
environmental review under 49 CFR 1105.6(c)(4) and historic 
preservation reporting requirements under 49 CFR 1105.8(b)(3).
    Board decisions and notices are available at www.stb.gov.

    Decided: January 2, 2020.

    By the Board, Allison C. Davis, Director, Office of Proceedings.
Eden Besera,
Clearance Clerk.
[FR Doc. 2020-00092 Filed 1-7-20; 8:45 am]
 BILLING CODE 4915-01-P