Surface Transportation Board April 6, 2016 – Federal Register Recent Federal Regulation Documents

Accounting and Reporting of Business Combinations, Security Investments, Comprehensive Income, Derivative Instruments, and Hedging Activities
Document Number: 2016-07759
Type: Rule
Date: 2016-04-06
Agency: Surface Transportation Board, Department of Transportation
The Surface Transportation Board (STB or Board) is adopting final rules that update the accounting and reporting requirements in its Uniform System of Accounts (USOA) for Class I Railroads so that they are more consistent with current generally accepted accounting principles (GAAP). The Board is also revising the schedules and instructions for the Annual Report for Class I Railroads (R-1 or Form R-1) to better meet regulatory requirements and industry needs.