1513-0015 FR Notice

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Federal Register / Vol. 72, No. 77 / Monday, April 23, 2007 / Notices

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192.945 to submit IMP performance
measures semiannually to PHMSA.
Operators are encouraged to submit the
IMP reports using the electronic form
available on PHMSA’s Web site at
http://phmsa.dot.gov.
To minimize future transcription and
handling and to lessen the chance for
errors, PHMSA is modifying the gas IMP
electronic form to reflect the new legal
requirement for a senior executive
officer’s certification and signature.
Operators should enter the name and
title of the senior executive officer
certifying the report in the appropriate
blanks on the form and in the signature
block on the form. Operators should
keep in mind that entering the senior
executive officer’s name onto the
electronic form is equivalent to a paper
submission and has the same legal
authenticity and requirements as a
paper document.
In lieu of electronic filing, operators
can mail or fax the reports to PHMSA.
If submitting by mail or fax, the name
and title of the senior executive officer
certifying the report should be entered
in the appropriate blanks on the form.
The senior executive officer should
certify the report by signing this form in
the signature block.
Hazardous Liquid Integrity Management
Program Annual Reports
PHMSA requires hazardous liquid
pipeline operators to submit annual
reports providing information about
their pipeline infrastructure and their
integrity management program.
Operators are required to submit these
reports annually and by June 15 for the
previous calendar year in accordance
with 49 CFR 195.49.
Operators of hazardous liquid
pipelines are encouraged to use the
Online Data Entry System (ODES)
available at the PHMSA Web site
located at http://phmsa.dot.gov to
submit annual reports. To minimize
future transcription and handling and to
lessen the chance for errors, we are
modifying the ODES electronic form to
reflect the new legal requirement for a
senior executive officer certification and
signature. Operators should enter the
name and title of the senior executive
officer certifying the report in the
appropriate blanks on the form and in
the signature block on the form.
Operators should keep in mind that
entering the senior executive officer’s
name onto the electronic form is
equivalent to a paper submission and
has the same legal authenticity and
requirements as a paper document.
Operators may also submit the annual
report to PHMSA by mail or fax in
accordance with 49 CFR 195.58. If

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submitting by mail or fax, the name and
title of the senior executive officer
certifying the report should be entered
in the appropriate blanks on the form.
The senior executive officer should
certify the report by signing the form in
the signature block.
Authority: 49 U.S.C. chapter 601 and 49
CFR 1.53.
Issued in Washington, DC on April 13,
2007.
Jeffrey D. Wiese,
Acting Associate Administrator for Pipeline
Safety.
[FR Doc. E7–7602 Filed 4–20–07; 8:45 am]
BILLING CODE 4910–60–P

DEPARTMENT OF THE TREASURY
Departmental Offices; Renewal of the
Treasury Borrowing Advisory
Committee of the Bond Market
Association and Name Change to the
Treasury Borrowing Advisory
Committee of the Securities Industry
and Financial Markets Association
ACTION:

Notice of renewal and name

change.
SUMMARY: In accordance with the
Federal Advisory Committee Act, as
amended (Pub. L. 92–463; 5 U.S.C. App.
2), with the concurrence of the General
Services Administration, the Secretary
of the Treasury has determined that
renewal of the Treasury Borrowing
Advisory Committee of The Bond
Market Association (the ‘‘Committee’’)
is necessary and in the public interest
in connection with the performance of
duties imposed on the Department of
the Treasury by law.
Effective November 1, 2006, the name
of the Bond Market Association was
changed to the Securities Industry and
Financial Markets Association following
the merger of the Securities Industry
Association and the Bond Market
Association. Hence, the name of the
Committee has been changed to reflect
this merger. The new name is the
Treasury Borrowing Advisory
Committee of the Securities Industry
and Financial Markets Association.
FOR FURTHER INFORMATION CONTACT:
Karthik Ramanathan, Director, Office of
Debt Management (202) 622–2042.
SUPPLEMENTARY INFORMATION: The
purpose of the Committee is to provide
informed advice as representatives of
the financial community to the
Secretary of the Treasury and Treasury
staff, upon the Secretary of the
Treasury’s request, in carrying out
Treasury responsibilities for federal
financing and public debt management.

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The Committee meets to consider
special items on which its advice is
sought pertaining to immediate
Treasury funding requirements and
pertaining to longer term approaches to
manage the national debt in a costeffective manner. The Committee
usually meets immediately before the
Treasury announces each mid-calendar
quarter funding operation, although
special meetings also may be held.
Membership consists of 10–15
individuals who are experts in the
government securities market and who
are involved in senior positions in debt
markets as institutional investors,
investment advisors, or as dealers in
government securities.
The Designated Federal Official for
the Advisory Committee is the Director
of the Office of Debt Management. The
Treasury Department is filing copies of
the Committee’s renewal charter with
appropriate committees in Congress.
Dated: April 17, 2007.
Anthony W. Ryan,
Assistant Secretary, Financial Markets.
[FR Doc. 07–1981 Filed 4–20–07; 8:45 am]
BILLING CODE 4811–42–M

DEPARTMENT OF THE TREASURY
Alcohol and Tobacco Tax and Trade
Bureau
Proposed Information Collection;
Comment Request
Alcohol and Tobacco Tax and
Trade Bureau (TTB), Treasury.
ACTION: Notice and request for
comments.
AGENCY:

SUMMARY: As part of our continuing
effort to reduce paperwork and
respondent burden, and as required by
the Paperwork Reduction Act of 1995,
we invite comments on the proposed or
continuing information collections
listed below in this notice.
DATES: We must receive your written
comments on or before June 22, 2007.
ADDRESSES: You may send comments to
Mary A. Wood, Alcohol and Tobacco
Tax and Trade Bureau, at any of these
addresses:
• P.O. Box 14412, Washington, DC
20044–4412;
• 202–927–8525 (facsimile); or
• [email protected] (e-mail).
Please send separate comments for
each specific information collection
listed below. You must reference the
information collection’s title, form or
recordkeeping requirement number, and
OMB number (if any) in your comment.
If you submit your comment via
facsimile, send no more than five 8.5 x

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Federal Register / Vol. 72, No. 77 / Monday, April 23, 2007 / Notices
11 inch pages in order to ensure
electronic access to our equipment.
FOR FURTHER INFORMATION CONTACT: To
obtain additional information, copies of
the information collection and its
instructions, or copies of any comments
received, contact Mary A. Wood,
Alcohol and Tobacco Tax and Trade
Bureau, P.O. Box 14412, Washington,
DC 20044–4412; or telephone 202–927–
8210.
SUPPLEMENTARY INFORMATION:
Request for Comments
The Department of the Treasury and
its Alcohol and Tobacco Tax and Trade
Bureau, as part of their continuing effort
to reduce paperwork and respondent
burden, invite the general public and
other Federal agencies to comment on
the proposed or continuing information
collections listed below in this notice,
as required by the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.).
Comments submitted in response to
this notice will be included or
summarized in our request for Office of
Management and Budget (OMB)
approval of the relevant information
collection. All comments are part of the
public record and subject to disclosure.
Please not do include any confidential
or inappropriate material in your
comments.
We invite comments on: (a) Whether
this information collection is necessary
for the proper performance of the
agency’s functions, including whether
the information has practical utility; (b)
the accuracy of the agency’s estimate of
the information collection’s burden; (c)
ways to enhance the quality, utility, and
clarity of the information collected; (d)
ways to minimize the information
collection’s burden on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and (e)
estimates of capital or start-up costs and
costs of operation, maintenance, and
purchase of services to provide the
requested information.

jlentini on PROD1PC65 with NOTICES

Information Collections Open for
Comment
Currently, we are seeking comments
on the following records and
questionnaires:
Title: Brewer’s Report of Operations
and Brewpub Report of Operations.
OMB Number: 1513–0007.
TTB Form Numbers: 5130.9 and
5130.26.
Abstract: Brewers periodically file
these reports of their operations to
account for activity relating to taxable
commodities. TTB uses this information
primarily for revenue protection, for

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audit purposes, and to determine
whether activities are in compliance
with the requirements of law. We also
use this information to publish periodic
statistical releases of use and interest to
the industry.
Current Actions: We are making
changes to both forms. On both forms,
we are revising Part 1 to improve the
explanation for each line. Also, we are
revising the instructions to make them
clearer and easier to understand. The
burden hours have decreased as a result
of a decrease in the number of
respondents.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
1,640.
Estimated Total Annual Burden
Hours: 7,310.
Title: Brewer’s Bonds and
Continuation Certificates.
OMB Number: 1513–0015.
TTB Form Numbers: 5130.22,
5130.23, 5130.25, and 5130.27.
Abstract: The Internal Revenue Code
requires brewers to give a bond to
protect the revenue and to ensure
compliance with the requirements of the
law and the regulations. Bonds and
continuation certificates are required by
law and are necessary to protect
government interests in the excise tax
revenues that brewers pay.
Current Actions: We are making
changes to all of these forms. For all
forms we are revising the Penalty and
Perjury Statement, the Instructions, the
Terms, and the Conditions to make
them clearer and more understandable,
and we are deleting the Employer
Identification Number (EIN) and date
from page 2. No additional changes will
be made to TTB F 5130.22. However, on
TTB F 5130.23, we are deleting the date
from page 1, adding a space for ‘‘State
of Incorporation,’’ deleting ‘‘office’’ from
‘‘mailing office address,’’ and adding the
heading ‘‘Enter Applicable Bonds and
Continuation Certificate Below’’ above
the columns for Form #, Effective Date,
and Bond Amount. On TTB F 5130.25,
we are deleting the date from page 1. On
TTB F 5130.27, we are deleting the date
from page 1, adding a space for ‘‘State
of Incorporation or Organization,’’ and
adding the heading ‘‘Enter Applicable
Bonds and Continuation Certificate
Below’’ above the columns for Form #,
Effective Date, and Bond Amount.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
1,640.

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Estimated Total Annual Burden
Hours: 563.
Title: Signing Authority for Corporate
Officials.
OMB Number: 1513–0036.
TTB Form Numbers: 5100.1.
Abstract: TTB F 5100.1 is substituted
for corporate documents or minutes of
a meeting of the Board of Directors in
order to authorize an individual or
office to sign for the corporation in TTB
matters. The form identifies the
corporation, the individual or office
authorized to sign, and documents the
authorization.
Current Actions: We are changing this
form by adding a box for the EIN.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
1,000.
Estimated Total Annual Burden
Hours: 250.
Title: Monthly Report of Processing
Operations.
OMB Number: 1513–0041.
TTB Form Number: 5110.28.
TTB Recordkeeping Requirement
Number: 5110/03.
Abstract: The information collected is
necessary to account for and verify the
processing of distilled spirits in bond. It
is used to audit plant operations,
monitor industry activities for efficient
allocation of personnel resources, and
for the compilation of statistics.
Current Actions: We are changing this
form by adding a box for the EIN.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
479.
Estimated Total Annual Burden
Hours: 5,748.
Title: Application for Registration for
Tax-Free Transactions under 26 U.S.C.
4221.
OMB Number: 1513–0095.
TTB Form Number: 5300.28.
TTB Recordkeeping Requirement
Number: 5300/28.
Abstract: Businesses and State and
local governments apply for registration
to sell or purchase firearms or
ammunition tax-free on this form. TTB
uses the form to determine an
applicant’s qualifications.
Current Actions: There are no changes
to this information collection and it is
being submitted for extension purposes
only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit; State, local, or Tribal
government.

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Federal Register / Vol. 72, No. 77 / Monday, April 23, 2007 / Notices

Estimated Number of Respondents:
125.
Estimated Total Annual Burden
Hours: 375.
Dated: April 17, 2007.
Francis W. Foote,
Chief, Regulations and Procedures Division.
[FR Doc. E7–7697 Filed 4–20–07; 8:45 am]
BILLING CODE 4810–31–P

DEPARTMENT OF THE TREASURY

System, 20th Street and Constitution
Avenue, NW., Washington, DC 20551.
FDIC: Robert F. Storch, Chief
Accountant (202–898–8906), Division of
Supervision and Consumer Protection,
Federal Deposit Insurance Corporation,
550 17th Street, NW., Washington, DC
20429.
OTS: Christine A. Smith, Project
Manager (202–906–5740), Supervision
Policy, Office of Thrift Supervision,
1700 G Street, NW., Washington, DC
20552.
The text of
the report follows:
Report to the Committee on Financial
Services of the United States House of
Representatives and to the Committee
on Banking, Housing, and Urban Affairs
of the United States Senate regarding
differences in accounting and capital
standards among the federal banking
agencies.

Office of the Comptroller of the
Currency

SUPPLEMENTARY INFORMATION:

[Docket ID OCC–2007–0009]

FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
DEPARTMENT OF THE TREASURY

Introduction
Office of Thrift Supervision
[No. 2007–14]

Joint Report: Differences in
Accounting and Capital Standards
Among the Federal Banking Agencies;
Report to Congressional Committees
Office of the Comptroller of
the Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); and
Office of Thrift Supervision (OTS),
Treasury.
ACTION: Report to the congressional
committees.

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AGENCIES:

SUMMARY: The OCC, the Board, the
FDIC, and the OTS (the Agencies) have
prepared this report pursuant to section
37(c) of the Federal Deposit Insurance
Act. Section 37(c) requires the Agencies
to jointly submit an annual report to the
Committee on Financial Services of the
United States House of Representatives
and to the Committee on Banking,
Housing, and Urban Affairs of the
United States Senate describing
differences between the capital and
accounting standards used by the
Agencies. The report must be published
in the Federal Register.
FOR FURTHER INFORMATION CONTACT:
OCC: Nancy Hunt, Risk Expert (202–
874–4923), Office of the Comptroller of
the Currency, 250 E Street, SW.,
Washington, DC 20219.
Board: John F. Connolly, Senior
Supervisory Financial Analyst (202–
452–3621), Division of Banking
Supervision and Regulation, Board of
Governors of the Federal Reserve

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The Office of the Comptroller of the
Currency (OCC), the Board of Governors
of the Federal Reserve System (FRB), the
Federal Deposit Insurance Corporation
(FDIC), and the Office of Thrift
Supervision (OTS) (‘‘the federal banking
agencies’’ or ‘‘the agencies’’) must
jointly submit an annual report to the
Committee on Financial Services of the
U.S. House of Representatives and the
Committee on Banking, Housing, and
Urban Affairs of the U.S. Senate
describing differences between the
accounting and capital standards used
by the agencies. The report must be
published in the Federal Register.
This report, which covers differences
existing as of December 31, 2006, is the
fifth joint annual report on differences
in accounting and capital standards to
be submitted pursuant to Section 37(c)
of the Federal Deposit Insurance Act (12
U.S.C. 1831n(c)), as amended. Prior to
the agencies’ first joint annual report,
Section 37(c) required a separate report
from each agency.
Since the agencies filed their first
reports on accounting and capital
differences in 1990, the agencies have
acted in concert to harmonize their
accounting and capital standards and
eliminate as many differences as
possible. Section 303 of the Riegle
Community Development and
Regulatory Improvement Act of 1994 (12
U.S.C. 4803) also directed the agencies
to work jointly to make uniform all
regulations and guidelines
implementing common statutory or
supervisory policies. The results of
these efforts must be ‘‘consistent with
the principles of safety and soundness,
statutory law and policy, and the public

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interest.’’ In recent years, the agencies
have revised their capital standards to
address changes in credit and certain
other risk exposures within the banking
system and to align the amount of
capital institutions are required to hold
more closely with the credit risks and
certain other risks to which they are
exposed. These revisions have been
made in a uniform manner whenever
possible and practicable to minimize
interagency differences.
While the differences in capital
standards have diminished over time, a
few differences remain. Some of the
remaining capital differences are
statutorily mandated. Others were
significant historically but now no
longer affect in a measurable way, either
individually or in the aggregate,
institutions supervised by the federal
banking agencies. In this regard, the
OTS plans to eliminate two such de
minimis differences during 2007 that
have been fully discussed in previous
joint annual reports ((i) covered assets
and (ii) pledged deposits,
nonwithdrawable accounts, and certain
certificates), and these differences have
been excluded from this annual report.
In addition to the specific differences
in capital standards noted below, the
agencies may have differences in how
they apply certain aspects of their rules.
These differences usually arise as a
result of case-specific inquiries that
have only been presented to one agency.
Agency staffs seek to minimize these
occurrences by coordinating responses
to the fullest extent reasonably
practicable.
The federal banking agencies have
substantially similar capital adequacy
standards. These standards employ a
common regulatory framework that
establishes minimum leverage and riskbased capital ratios for all banking
organizations (banks, bank holding
companies, and savings associations).
The agencies view the leverage and riskbased capital requirements as minimum
standards, and most institutions are
expected to operate with capital levels
well above the minimums, particularly
those institutions that are expanding or
experiencing unusual or high levels of
risk.
The OCC, the FRB, and the FDIC,
under the auspices of the Federal
Financial Institutions Examination
Council, have developed uniform
Reports of Condition and Income (Call
Reports) for all insured commercial
banks and state-chartered savings banks.
The OTS requires each OTS-supervised
savings association to file the Thrift
Financial Report (TFR). The reporting
standards for recognition and
measurement in the Call Reports and

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