Notice of Issuance of Technical Bulletin 2024-1, Seized and Forfeited Digital Assets, 53622-53623 [2024-14098]

Download as PDF 53622 Federal Register / Vol. 89, No. 124 / Thursday, June 27, 2024 / Notices regarding the proceeding, as well as your interest in the proceeding. For an individual, this could include your status as a landowner, ratepayer, resident of an impacted community, or recreationist. You do not need to have property directly impacted by the project in order to intervene. For more information about motions to intervene, refer to the FERC website at https:// www.ferc.gov/resources/guides/how-to/ intervene.asp. All timely, unopposed motions to intervene are automatically granted by operation of Rule 214(c)(1). Motions to intervene that are filed after the intervention deadline are untimely and may be denied. Any late-filed motion to intervene must show good cause for being late and must explain why the time limitation should be waived and provide justification by reference to factors set forth in Rule 214(d) of the Commission’s Rules and Regulations. A person obtaining party status will be placed on the service list maintained by the Secretary of the Commission and will receive copies (paper or electronic) of all documents filed by the applicant and by all other parties. lotter on DSK11XQN23PROD with NOTICES1 Comments Any person wishing to comment on the project may do so. The Commission considers all comments received about the project in determining the appropriate action to be taken. To ensure that your comments are timely and properly recorded, please submit your comments on or before August 20, 2024. The filing of a comment alone will not serve to make the filer a party to the proceeding. To become a party, you must intervene in the proceeding. How To File Protests, Interventions, and Comments There are two ways to submit protests, motions to intervene, and comments. In both instances, please reference the Project docket number CP24–477–000 in your submission. (1) You may file your protest, motion to intervene, and comments by using the Commission’s eFiling feature, which is located on the Commission’s website (www.ferc.gov) under the link to Documents and Filings. New eFiling users must first create an account by clicking on ‘‘eRegister.’’ You will be asked to select the type of filing you are making; first select ‘‘General’’ and then select ‘‘Protest’’, ‘‘Intervention’’, or ‘‘Comment on a Filing’’; or 6 (2) You can file a paper copy of your submission by mailing it to the address below. Your submission must reference the Project docket number CP24–477– 000. To file via USPS: Debbie-Anne A. Reese, Acting Secretary, Federal Energy Regulatory Commission, 888 First Street NE, Washington, DC 20426. To file via any other method: DebbieAnne A. Reese, Acting Secretary, Federal Energy Regulatory Commission, 12225 Wilkins Avenue, Rockville, Maryland 20852. The Commission encourages electronic filing of submissions (option 1 above) and has eFiling staff available to assist you at (202) 502–8258 or FercOnlineSupport@ferc.gov. Protests and motions to intervene must be served on the applicant either by mail or email (with a link to the document) at: Blair Lichtenwalter, Senior Director of Certificates, 1300 Main Street, Houston, Texas 7702 or by email at blair.lictenwalter@ energytransfer.com. Any subsequent submissions by an intervenor must be served on the applicant and all other parties to the proceeding. Contact information for parties can be downloaded from the service list at the eService link on FERC Online. Tracking the Proceeding Throughout the proceeding, additional information about the project will be available from the Commission’s Office of External Affairs, at (866) 208– FERC, or on the FERC website at www.ferc.gov using the ‘‘eLibrary’’ link as described above. The eLibrary link also provides access to the texts of all formal documents issued by the Commission, such as orders, notices, and rulemakings. In addition, the Commission offers a free service called eSubscription which allows you to keep track of all formal issuances and submittals in specific dockets. This can reduce the amount of time you spend researching proceedings by automatically providing you with notification of these filings, document summaries, and direct links to the documents. For more information and to register, go to www.ferc.gov/docs-filing/ esubscription.asp. Dated: June 21, 2024. Debbie-Anne A. Reese, Acting Secretary. [FR Doc. 2024–14130 Filed 6–26–24; 8:45 am] 6 Additionally, you may file your comments electronically by using the eComment feature, which is located on the Commission’s website at www.ferc.gov under the link to Documents and Filings. Using eComment is an easy method for VerDate Sep<11>2014 20:13 Jun 26, 2024 Jkt 262001 interested persons to submit brief, text-only comments on a project. Frm 00038 Fmt 4703 Federal Energy Regulatory Commission Notice of Staff Attendance at North American Electric Reliability Corporation Reliability Issues Steering Committee Meeting and Industry Webinar The Federal Energy Regulatory Commission hereby gives notice that members of the Commission and/or Commission staff may attend the following meetings: North American Electric Reliability Corporation: Reliability Issues Steering Committee, WebEx June 27, 2024 | 1:00 p.m.–4:00 p.m. Eastern Further information regarding this meeting and how to join remotely may be found at: https://www.nerc.com/ comm/RISC/Agenda%20Highlights %20and%20Minutes/RISC_Meeting_ June_2024_Agenda_Package_ ATTENDEES_ONLY.pdf. North American Electric Reliability Corporation: Industry Webinar: Project 2023–02 Analysis and Mitigation of BES Inverter-Based Resource Performance Issues, WebEx June 27, 2024 | 1:30 p.m.–2:30 p.m. Eastern Further information regarding this meeting and how to join remotely may be found at: https://www.nerc.com/pa/ Stand/Lists/stand/ DispForm.aspx?ID=2378. The discussions at the meetings, which are open to the public, may address matters at issue in the following Commission proceedings: Docket No. RR24–2–000 North American Electric Reliability Corporation For further information, please contact Leigh Anne Faugust (202) 502– 6396 or leigh.faugust@ferc.gov. Dated: June 20, 2024. Debbie-Anne A. Reese, Acting Secretary. [FR Doc. 2024–14043 Filed 6–26–24; 8:45 am] BILLING CODE 6717–01–P FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD Notice of Issuance of Technical Bulletin 2024–1, Seized and Forfeited Digital Assets Federal Accounting Standards Advisory Board. ACTION: Notice. AGENCY: BILLING CODE 6717–01–P PO 00000 DEPARTMENT OF ENERGY Sfmt 4703 E:\FR\FM\27JNN1.SGM 27JNN1 Federal Register / Vol. 89, No. 124 / Thursday, June 27, 2024 / Notices Notice is hereby given that the Federal Accounting Standards Advisory Board staff has issued Technical Bulletin (TB) 2024–1 titled ‘‘Seized and Forfeited Digital Assets’’. ADDRESSES: TB 2024–1 is available on the FASAB website at https:// www.fasab.gov/accounting-standards/. Copies can be obtained by contacting FASAB at (202) 512–7350. FOR FURTHER INFORMATION CONTACT: Ms. Monica R. Valentine, Executive Director, 441 G Street NW, Suite 1155, Washington, DC 20548, or call (202) 512–7350. Authority: 31 U.S.C. 3511(d); Federal Advisory Committee Act, 5 U.S.C. 1001–1014. SUMMARY: Dated: June 21, 2024. Monica R. Valentine, Executive Director. [FR Doc. 2024–14098 Filed 6–26–24; 8:45 am] BILLING CODE 1610–02–P FEDERAL RESERVE SYSTEM [Docket No. OP–1833] lotter on DSK11XQN23PROD with NOTICES1 Announcement of Financial Sector Liabilities The Board’s Regulation XX prohibits a merger or acquisition that would result in a financial company that controls more than 10 percent of the aggregate consolidated liabilities of all financial companies (‘‘aggregate financial sector liabilities’’).1 Specifically, an insured depository institution, a bank holding company, a savings and loan holding company, a foreign banking organization, any other company that controls an insured depository institution, and a nonbank financial company designated by the Financial Stability Oversight Council (each, a ‘‘financial company’’) is prohibited from merging or consolidating with, acquiring all or substantially all of the assets of, or acquiring control of, another company if the resulting company’s consolidated liabilities would exceed 10 percent of the aggregate financial sector liabilities.2 Under Regulation XX, the Federal Reserve will publish the aggregate financial sector liabilities by July 1 of each year. Aggregate financial sector liabilities are equal to the average of the year-end financial sector liabilities figure (as of December 31) of each of the preceding two calendar years. 1 Regulation XX implements section 622 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. See 12 U.S.C. 1852. 2 12 U.S.C. 1852(a)(2), (b); 12 CFR 251.3. VerDate Sep<11>2014 20:13 Jun 26, 2024 Jkt 262001 FOR FURTHER INFORMATION CONTACT: Lesley Chao, Lead Financial Institution Policy Analyst, (202) 974–7063; Shooka Saket, Financial Institution Policy Analyst, (202) 452–3869; Matthew Suntag, Senior Counsel, (202) 452–3694; Laura Bain, Senior Counsel, (202) 736– 5546; for users of telephone systems via text telephone (TTY) or any TTY-based Telecommunications Relay Services (TRS), please call 711 from any telephone, anywhere in the United States; Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. Aggregate Financial Sector Liabilities ‘‘Aggregate financial sector liabilities’’ is equal to $ 23,638,092,854,000.3 This measure is in effect from July 1, 2024 through June 30, 2025. Calculation Methodology The aggregate financial sector liabilities measure equals the average of the year-end financial sector liabilities figure (as of December 31) of each of the preceding two calendar years. The yearend financial sector liabilities figure equals the sum of the total consolidated liabilities of all top-tier U.S. financial companies and the U.S. liabilities of all top-tier foreign financial companies, calculated using the applicable methodology for each financial company, as set forth in Regulation XX and summarized below. Consolidated liabilities of a U.S. financial company that was subject to consolidated risk-based capital rules as of December 31 of the year being measured, equal the difference between the U.S. financial company’s riskweighted assets (as adjusted upward to reflect amounts that are deducted from regulatory capital elements pursuant to the Federal banking agencies’ risk-based capital rules) and total regulatory capital, as calculated under the applicable risk-based capital rules. Companies in this category include (with certain exceptions listed below) bank holding companies, savings and loan holding companies, and insured depository institutions. The Federal Reserve used information collected on the Consolidated Financial Statements for Holding Companies (‘‘FR Y–9C’’) and the Bank Consolidated Reports of Condition and Income (‘‘Call Report’’) to calculate liabilities of these institutions. Consolidated liabilities of a U.S. financial company not subject to consolidated risk-based capital rules as of December 31 of the year being 3 This number reflects the average of the financial sector liabilities figure for the years ending December 31, 2022 ($23,920,469,131,000) and December 31, 2023 ($23,355,716,578,000). PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 53623 measured, equal liabilities calculated in accordance with applicable accounting standards. Companies in this category include nonbank financial companies supervised by the Board, bank holding companies and savings and loan holding companies subject to the Federal Reserve’s Small Bank Holding Company Policy Statement, savings and loan holding companies substantially engaged in insurance underwriting or commercial activities, and U.S. companies that control insured depository institutions but are not bank holding companies or savings and loan holding companies. ‘‘Applicable accounting standards’’ is defined as Generally Accepted Accounting Principles (‘‘GAAP’’), or such other accounting standard or method of estimation that the Board determines is appropriate.4 The Federal Reserve used information collected on the FR Y–9C, the Parent Company Only Financial Statements for Small Holding Companies (‘‘FR Y–9SP’’), and the Financial Company Report of Consolidated Liabilities (‘‘FR XX–1’’) to calculate liabilities of these institutions. Under Regulation XX, liabilities of a foreign banking organization’s U.S. operations are calculated using the riskweighted asset methodology for subsidiaries subject to the risk-based capital rule, plus the assets of all branches, agencies, and nonbank subsidiaries, calculated in accordance with applicable accounting standards. Liabilities attributable to the U.S. operations of a foreign financial company that is not a foreign banking organization are calculated in a similar manner to the method described for foreign banking organizations, and liabilities of a U.S. subsidiary not subject to the risk-based capital rule are calculated based on the U.S. subsidiary’s liabilities under applicable 4 A financial company may request to use an accounting standard or method of estimation other than GAAP if it does not calculate its total consolidated assets or liabilities under GAAP for any regulatory purpose (including compliance with applicable securities laws). 12 CFR 251.3(e). In previous years, the Board received and approved requests from eleven financial companies to use an accounting standard or method of estimation other than GAAP to calculate liabilities. Ten of the companies were insurance companies that reported financial information under Statutory Accounting Principles (‘‘SAP’’), and one was a foreign company that controlled a U.S. industrial loan company that reported financial information under International Financial Reporting Standards (‘‘IFRS’’). For the insurance companies, the Board approved a method of estimation that was based on line items from SAP-based reports, with adjustments to reflect certain differences in accounting treatment between GAAP and SAP. For the foreign company, the Board approved the use of IFRS. Such companies that continue to be subject to Regulation XX continue to use the previously approved methods. The Board did not receive any new requests this year. E:\FR\FM\27JNN1.SGM 27JNN1

Agencies

Federal Accounting Standards Advisory Board

[Federal Register Volume 89, Number 124 (Thursday, June 27, 2024)]
[Notices]
[Pages 53622-53623]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-14098]


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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


Notice of Issuance of Technical Bulletin 2024-1, Seized and 
Forfeited Digital Assets

AGENCY: Federal Accounting Standards Advisory Board.

ACTION: Notice.

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[[Page 53623]]

SUMMARY: Notice is hereby given that the Federal Accounting Standards 
Advisory Board staff has issued Technical Bulletin (TB) 2024-1 titled 
``Seized and Forfeited Digital Assets''.

ADDRESSES: TB 2024-1 is available on the FASAB website at https://www.fasab.gov/accounting-standards/. Copies can be obtained by 
contacting FASAB at (202) 512-7350.

FOR FURTHER INFORMATION CONTACT: Ms. Monica R. Valentine, Executive 
Director, 441 G Street NW, Suite 1155, Washington, DC 20548, or call 
(202) 512-7350.
    Authority: 31 U.S.C. 3511(d); Federal Advisory Committee Act, 5 
U.S.C. 1001-1014.

    Dated: June 21, 2024.
Monica R. Valentine,
Executive Director.
[FR Doc. 2024-14098 Filed 6-26-24; 8:45 am]
BILLING CODE 1610-02-P

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