81_FR_43196 81 FR 43069 - Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds

81 FR 43069 - Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds

DEPARTMENT OF THE TREASURY
Fiscal Service

Federal Register Volume 81, Issue 127 (July 1, 2016)

Page Range43069-43070
FR Document2016-15248

The Department of the Treasury is making non-substantive technical corrections to its marketable securities auction rules.

Federal Register, Volume 81 Issue 127 (Friday, July 1, 2016) 
[Federal Register Volume 81, Number 127 (Friday, July 1, 2016)]
[Rules and Regulations]
[Pages 43069-43070]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15248]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Fiscal Service

31 CFR Part 356


Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, 
and Bonds

AGENCY: Fiscal Service, Treasury.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury is making non-substantive 
technical corrections to its marketable securities auction rules.

DATES: Effective July 1, 2016.

FOR FURTHER INFORMATION CONTACT: Lori Santamorena, Kurt Eidemiller, or 
Kevin

[[Page 43070]]

Hawkins, Government Securities Regulations Staff, Bureau of the Fiscal 
Service, Department of the Treasury, (202) 504-3632 or email us at 
[email protected].

SUPPLEMENTARY INFORMATION: We are making non-substantive technical 
corrections to Sec. Sec.  356.2, 356.31, and appendix B to part 356. 
The amendments re-designate cross references to other parts of the 
rules, revise the introductory text of a paragraph, and restate a 
variable.

Procedural Requirements

    Administrative Procedure Act. Because this final rule relates to 
public contracts and procedures for United States securities, the 
notice, public comment, and delayed effective date provisions of the 
Administrative Procedure Act are inapplicable, pursuant to 5 U.S.C. 
553(a)(2).

List of Subjects in 31 CFR Part 356

    Banks, banking, Bonds, Federal Reserve System, Government 
securities, Reporting and recordkeeping requirements, Securities.

Text of Amendments

    Accordingly, 31 CFR part 356 is amended by making the following 
technical amendments:

PART 356--SALE AND ISSUE OF MARKETABLE BOOK-ENTRY TREASURY BILLS, 
NOTES, AND BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, FISCAL 
SERVICE SERIES NO. 1-93)

0
1. The authority citation for part 356 continues to read as follows:

    Authority:  5 U.S.C. 301; 31 U.S.C. 3102, et seq.; 12 U.S.C. 
391.


Sec.  356.2  [Amended]

0
2. Section 356.2 is amended in the last sentence of the definition of 
``accrued interest'' by removing the reference to ``paragraph C'' and 
adding in its place ``paragraph D'' and in the last sentence of 
paragraph (2) in the definition of ``adjusted value'' by removing the 
reference to ``section IV'' and adding in its place ``section V.''


Sec.  356.31  [Amended]

0
3. Section 356.31 is amended in the last sentences of paragraphs 
(c)(3)(i) and (iii) by removing the reference to ``section IV'' and 
adding in its place ``section V.''

0
4. Appendix B to part 356 is amended by removing two paragraphs of 
introductory text following the table of contents and adding one 
paragraph in its place, and revising Section IV, subsection D, 
paragraphs (a), (b), and (c) to read as follows:

Appendix B to Part 356--Formulas and Tables

* * * * *
    The examples in this appendix are given for illustrative 
purposes only and are in no way a prediction of interest rates on 
any bills, notes, or bonds issued under this part. In some of the 
following examples, we use intermediate rounding for ease in 
following the calculations.
* * * * *
    IV. * * *
    D. * * *
    [GRAPHIC] [TIFF OMITTED] TR01JY16.004
    
* * * * *

David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2016-15248 Filed 6-30-16; 8:45 am]
BILLING CODE 4810-AS-P

Federal Register / Vol. 81, No. 127 / Friday, July 1, 2016 / Rules and Regulations 43069 I. Paperwork Reduction Act adjusted penalties of no later than Dated; June 24, 2016. This rule does not contain August 1, 2016. To comply with the Janice M. Schneider, information collection requirements, FCPIA of 2015, we are issuing these Assistant Secretary—Land and Minerals and a submission to the Office of regulations as an interim final rule and Management. Management and Budget under the are requesting comments post- For the reasons stated in the Paperwork Reduction Act (44 U.S.C. promulgation. The Administrative preamble, the BOEM amends 30 CFR 3501 et seq.) is not required. We may Procedure Act (APA) provides that, parts 550 and 553 as follows: not conduct or sponsor and you are not when an agency for good cause finds required to respond to a collection of that ‘‘notice and public procedure . . . PART 550—OIL AND GAS AND information unless it displays a are impracticable, unnecessary, or SULPHUR OPERATIONS IN THE currently valid OMB control number. contrary to the public interest,’’ the OUTER CONTINENTAL SHELF J. National Environmental Policy Act agency may issue a rule without ■ 1. The authority citation for part 550 providing notice and an opportunity for is revised to read as follows: This rule does not constitute a major prior public comment. 5 U.S.C. 553(b). Federal action significantly affecting the BOEM finds that there is good cause to Authority: 30 U.S.C. 1751; 31 U.S.C. 9701; quality of the human environment. A 43 U.S.C. 1334. promulgate this rule without first detailed statement under the National providing for public comment. It would ■ 2. Revise § 550.1403 to read as Environmental Policy Act of 1969 not be practicable to meet the deadlines follows: (NEPA) is not required because the rule is covered by a categorical exclusion imposed by the FCPIA of 2015 if we § 550.1403 What is the maximum civil (see 43 CFR 46.210(i).). This rule is were to first publish a proposed rule, penalty? excluded from the requirement to allow the public sufficient time to The maximum civil penalty is prepare a detailed statement because it submit comments, analyze the $42,017 per day per violation. is a regulation of an administrative comments, and publish a final rule. nature. We have also determined that Also, BOEM is promulgating this final PART 553—OIL SPILL FINANCIAL the rule does not involve any of the rule to implement the statutory directive RESPONSIBILITY FOR OFFSHORE extraordinary circumstances listed in 43 in the FCPIA of 2015, which requires FACILITIES CFR 46.215 that would require further agencies to publish an interim final rule analysis under NEPA. and to update the civil penalty amounts ■ 3. The authority citation for part 553 by applying a specified formula. BOEM is revised to read as follows: K. Effects on the Energy Supply (E.O. Authority: 33 U.S.C. 2704, 2716; E.O. has no discretion to vary the amount of 13211) 12777, as amended. the adjustment to reflect any views or This rule is not a significant energy suggestions provided by commenters, so ■ 4. In § 553.51, revise paragraph (a) to action under the definition in Executive notice and comment is unnecessary. read as follows: Order 13211. A Statement of Energy Accordingly, it would serve no purpose Effects is not required. § 553.51 What are the penalties for not to provide an opportunity for pre- complying with this part? L. Clarity of This Regulation promulgation public comment on this (a) If you fail to comply with the We are required by Executive Orders rule. Thus, BOEM finds pre- financial responsibility requirements of 12866 (section 1(b)(12)), 12988 (section promulgation notice and public OPA at 33 U.S.C. 2716 or with the 3(b)(1)(B)), and 13563 (section 1(a)), and comment to be impracticable and requirements of this part, then you may by the Presidential Memorandum of unnecessary. be liable for a civil penalty of up to June 1, 1998, to write all rules in plain List of Subjects $44,539 per COF per day of violation language. This means that each rule we (that is, each day a COF is operated publish must: 30 CFR Part 550 without acceptable evidence of OSFR). (a) Be logically organized; * * * * * (b) Use the active voice to address Administrative practice and [FR Doc. 2016–15607 Filed 6–30–16; 8:45 am] readers directly; procedure, Continental shelf, BILLING CODE 4310–MR–P (c) Use common, everyday words and environmental impact statements, clear language rather than jargon; environmental protection, federal lands, (d) Be divided into short sections and government contracts, investigations, oil sentences; and DEPARTMENT OF THE TREASURY and gas exploration, outer continental (e) Use lists and tables wherever shelf, penalties, pipelines, mineral Fiscal Service possible. resources, rights-of-way, reporting and If you feel that we have not met these recordkeeping requirements, sulfur. 31 CFR Part 356 requirements, send us comments by one of the methods listed in the ADDRESSES 30 CFR Part 553 Sale and Issue of Marketable Book- section. Your comments should be as Entry Treasury Bills, Notes, and Bonds specific as possible. For example, you Administrative practice and should tell us the numbers of the procedure, Continental shelf, Financial AGENCY: Fiscal Service, Treasury. sections or paragraphs that you find responsibility, OCS, Oil and gas ACTION: Final rule. asabaliauskas on DSK3SPTVN1PROD with RULES unclear, which sections or sentences are exploration, Oil pollution, Liability, too long, the sections where you feel Limit of liability, Penalties, Pipelines, SUMMARY: The Department of the lists or tables would be useful, etc. Rights-of-way, Reporting and Treasury is making non-substantive recordkeeping requirements, Surety technical corrections to its marketable M. Administrative Procedure Act securities auction rules. bonds, Treasury securities. The FCPIA of 2015 requires agencies DATES: Effective July 1, 2016. to publish interim final rules by July 1, FOR FURTHER INFORMATION CONTACT: Lori 2016, with an effective date for the Santamorena, Kurt Eidemiller, or Kevin VerDate Sep<11>2014 16:44 Jun 30, 2016 Jkt 238001 PO 00000 Frm 00087 Fmt 4700 Sfmt 4700 E:\FR\FM\01JYR1.SGM 01JYR1

43070 Federal Register / Vol. 81, No. 127 / Friday, July 1, 2016 / Rules and Regulations Hawkins, Government Securities Text of Amendments § 356.31 [Amended] Regulations Staff, Bureau of the Fiscal Service, Department of the Treasury, Accordingly, 31 CFR part 356 is ■ 3. Section 356.31 is amended in the (202) 504–3632 or email us at amended by making the following last sentences of paragraphs (c)(3)(i) and govsecreg@fiscal.treasury.gov. technical amendments: (iii) by removing the reference to SUPPLEMENTARY INFORMATION: We are ‘‘section IV’’ and adding in its place PART 356—SALE AND ISSUE OF ‘‘section V.’’ making non-substantive technical corrections to §§ 356.2, 356.31, and MARKETABLE BOOK–ENTRY TREASURY BILLS, NOTES, AND ■ 4. Appendix B to part 356 is amended appendix B to part 356. The by removing two paragraphs of amendments re-designate cross BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, FISCAL introductory text following the table of references to other parts of the rules, contents and adding one paragraph in revise the introductory text of a SERVICE SERIES NO. 1–93) its place, and revising Section IV, paragraph, and restate a variable. subsection D, paragraphs (a), (b), and (c) ■ 1. The authority citation for part 356 Procedural Requirements continues to read as follows: to read as follows: Administrative Procedure Act. Authority: 5 U.S.C. 301; 31 U.S.C. 3102, Appendix B to Part 356—Formulas and Because this final rule relates to public et seq.; 12 U.S.C. 391. Tables contracts and procedures for United States securities, the notice, public § 356.2 [Amended] * * * * * comment, and delayed effective date The examples in this appendix are given provisions of the Administrative ■ 2. Section 356.2 is amended in the last for illustrative purposes only and are in no Procedure Act are inapplicable, sentence of the definition of ‘‘accrued way a prediction of interest rates on any bills, pursuant to 5 U.S.C. 553(a)(2). interest’’ by removing the reference to notes, or bonds issued under this part. In ‘‘paragraph C’’ and adding in its place some of the following examples, we use List of Subjects in 31 CFR Part 356 ‘‘paragraph D’’ and in the last sentence intermediate rounding for ease in following Banks, banking, Bonds, Federal of paragraph (2) in the definition of the calculations. Reserve System, Government securities, ‘‘adjusted value’’ by removing the * * * * * Reporting and recordkeeping reference to ‘‘section IV’’ and adding in IV. * * * requirements, Securities. its place ‘‘section V.’’ D. * * * * * * * * ACTION:Interim final rule with request DATES: This rule is effective August 1, for comments. 2016. Comments must be received on or David A. Lebryk, before August 1, 2016. Fiscal Assistant Secretary. SUMMARY: The Department of the ADDRESSES: You may submit comments [FR Doc. 2016–15248 Filed 6–30–16; 8:45 am] Treasury’s Office of Foreign Assets by any of the following methods: BILLING CODE 4810–AS–P Control (OFAC) is issuing this interim Federal eRulemaking Portal: final rule to amend its regulations for www.regulations.gov. Follow the the relevant sanctions programs it instructions on the Web site for DEPARTMENT OF THE TREASURY administers to implement the Federal submitting comments. Civil Penalties Inflation Adjustment Act Fax: Attn: Request for Comments Office of Foreign Assets Control of 1990, as amended by the Debt (Amendments to OFAC Regulations to Collection Improvement Act of 1996 Implement the Federal Civil Penalties 31 CFR Parts 501, 535, 536, 537, 538, and the Federal Civil Penalties Inflation Inflation Adjustment Act) 202–622– 539, 541, 542, 543, 544, 546, 547, 548, Adjustment Act Improvements Act of 1657. asabaliauskas on DSK3SPTVN1PROD with RULES 549, 560, 561, 566, 576, 588, 592, 593, 2015. In particular, this rule adjusts for Mail: Attn: Request for Comments 594, 595, 597, and 598. inflation the maximum amount of the (Amendments to OFAC Regulations to civil monetary penalties that may be Implement the Federal Civil Penalties Implementation of the Federal Civil assessed under relevant OFAC Inflation Adjustment Act), Office of Penalties Inflation Adjustment Act regulations, including by making Foreign Assets Control, Department of conforming changes to OFAC’s the Treasury, 1500 Pennsylvania AGENCY: Office of Foreign Assets ‘‘Economic Sanctions Enforcement Avenue NW, Freedman’s Bank Building, Control, Treasury. Guidelines.’’ Washington, DC 20220. ER01JY16.004</GPH> VerDate Sep<11>2014 16:44 Jun 30, 2016 Jkt 238001 PO 00000 Frm 00088 Fmt 4700 Sfmt 4700 E:\FR\FM\01JYR1.SGM 01JYR1


Document Created: 2016-07-14 11:37:18
Document Modified: 2016-07-14 11:37:18
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionRules and Regulations
ActionFinal rule.
DatesEffective July 1, 2016.
ContactLori Santamorena, Kurt Eidemiller, or Kevin Hawkins, Government Securities Regulations Staff, Bureau of the Fiscal Service, Department of the Treasury, (202) 504-3632 or email us at [email protected]
FR Citation81 FR 43069 
CFR AssociatedBanks; Banking; Bonds; Federal Reserve System; Government Securities; Reporting and Recordkeeping Requirements and Securities
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR