This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents. Prices of

new books are listed in the first FEDERAL

REGISTER issue of each week.

Rules and Regulations Federal Register

213 

Vol. 77, No. 2 

Wednesday, January 4, 2012 

DEPARTMENT OF THE TREASURY 

Fiscal Service 

31 CFR Parts 351, 359, and 363 

United States Savings Bonds, Series 

EE and I 

AGENCY: Bureau of the Public Debt, 

Fiscal Service, Treasury. 

ACTION: Final rule. 

SUMMARY: This rule increases the 

amount of book-entry Series EE and 

Series I savings bonds a person may 

acquire each year. 

DATES: Effective January 4, 2012. 

ADDRESSES: You can download this final 

rule at the following Internet addresses: 

http://www.publicdebt.treas.gov, http:// 

www.gpo.gov, or http:// 

www.regulations.gov. 

FOR FURTHER INFORMATION CONTACT: D. 

Michael Linder, Director, Division of 

Program Administration, Office of Retail 

Securities, Bureau of the Public Debt, at 

(304) 480–6319 or 

mike.linder@bpd.treas.gov. 

Ann Fowler, Attorney-Adviser, David 

Copenhaver, Senior Attorney, Edward 

Gronseth, Deputy Chief Counsel, Office 

of the Chief Counsel, Bureau of the 

Public Debt, at (304) 480–8692 or 

ann.fowler@bpd.treas.gov. 

SUPPLEMENTARY INFORMATION: This rule 

increases the amount of book-entry 

Series EE and Series I savings bonds a 

person may acquire each year. Prior to 

this change, an investor could purchase 

up to $5,000 each of definitive and 

book-entry Series EE savings bonds 

($10,000 total), and $5,000 each of 

definitive and book-entry Series I 

savings bonds ($10,000 total) per 

person, per calendar year. However, 

Treasury discontinued the issuance of 

definitive savings bonds, effective 

January 1, 2012. (See 76 FR 66,855 (Oct. 

28, 2011)). In order to allow investors to 

maintain the same level of savings that 

existed prior to the elimination of 

definitive savings bonds, this rule will 

permit investors to acquire a principal 

amount of $10,000 of book-entry Series 

EE savings bonds and $10,000 of bookentry Series I savings bonds per person, 

per calendar year. Book-entry savings 

bonds are offered to individuals through 

TreasuryDirect ®, which is an Internetaccessed, book-entry system for 

purchasing, holding, and conducting 

transactions in Treasury securities. 

Procedural Requirements 

Executive Order 12866. This rule is 

not a significant regulatory action 

pursuant to Executive Order 12866. 

Administrative Procedure Act (APA). 

Because this rule relates to United 

States securities, which are contracts 

between Treasury and the owner of the 

security, this rule falls within the 

contract exception to the APA, 5 U.S.C. 

553(a)(2). As a result, the notice, public 

comment, and delayed effective date 

provisions of the APA are inapplicable 

to this rule. 

Regulatory Flexibility Act. The 

provisions of the Regulatory Flexibility 

Act, 5 U.S.C. 601 et seq., do not apply 

to this rule because, pursuant to 5 

U.S.C. 553(a)(2), it is not required to be 

issued with notice and opportunity for 

public comment. 

Paperwork Reduction Act (PRA). We 

ask for no collections of information in 

this final rule. Therefore, the Paperwork 

Reduction Act (44 U.S.C. 3501 et seq.) 

does not apply. 

Congressional Review Act (CRA). This 

rule is not a major rule pursuant to the 

CRA, 5 U.S.C. 801 et seq., because it is 

a minor amendment that is not expected 

to lead to any of the results listed in 5 

U.S.C. 804(2). This rule will take effect 

upon publication in the Federal 

Register, after we submit a copy of it to 

Congress and the Comptroller General. 

List of Subjects 

31 CFR Part 351 

Bonds, Federal Reserve System, 

Government securities. 

31 CFR Part 359 

Bonds, Federal Reserve System, 

Government securities. 

31 CFR Part 363 

Bonds, Electronic funds transfer, 

Federal Reserve system, Government 

securities, Securities. 

Accordingly, for the reasons set out in 

the preamble, 31 CFR chapter II, 

subchapter B, is amended as follows: 

PART 351—OFFERING OF UNITED 

STATES SAVINGS BONDS, SERIES EE 

■ 1. The authority citation for part 351 

continues to read as follows: 

Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 

U.S.C. 3105. 

■ 2. Revise § 351.65 to read as follows: 

§ 351.65 What amount of book-entry 

Series EE savings bonds may I acquire per 

year? 

The principal amount of book-entry 

Series EE savings bonds that you may 

acquire in any calendar year is provided 

at § 363.52. 

§ 351.66 [Removed and Reserved] 

■ 3. Remove and reserve § 351.66. 

§ 351.67 [Removed and Reserved] 

■ 4. Remove and reserve § 351.67. 

PART 359—OFFERING OF UNITED 

STATES SAVINGS BONDS, SERIES I 

■ 5. The authority citation for part 359 

continues to read as follows: 

Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 

U.S.C. 3105. 

■ 6. Revise § 359.50 to read as follows: 

§ 359.50 What amount of book-entry 

Series I savings bonds may I acquire per 

year? 

The principal amount of book-entry 

Series I savings bonds that you may 

acquire in any calendar year is provided 

at § 363.52. 

§ 359.51 [Removed and Reserved] 

■ 7. Remove and reserve § 359.51. 

§ 359.52 [Removed and Reserved] 

■ 8. Remove and reserve § 359.52. 

PART 363—REGULATIONS 

GOVERNING SECURITIES HELD IN 

TREASURYDIRECT 

■ 9. The authority citation for part 363 

continues to read as follows: 

Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 

U.S.C. 3102, et seq.; 31 U.S.C. 3121, et seq. 

■ 10. Revise § 363.52 to read as follows: 


wreier-aviles on DSK3TPTVN1PROD with RULES
214 Federal Register / Vol. 77, No. 2 / Wednesday, January 4, 2012 / Rules and Regulations 

§ 363.52 What is the principal amount of 

book-entry Series EE and Series I savings 

bonds that I may acquire in one year? 

(a) The principal amount of bookentry savings bonds that you may 

acquire in any calendar year is limited 

to $10,000 for Series EE savings bonds 

and $10,000 for Series I savings bonds. 

(b) Bonds purchased or transferred as 

gifts will be included in the 

computation of this limit for the account 

of the recipient for the year in which the 

bonds are delivered to the recipient. 

(c) Bonds purchased as gifts or in a 

fiduciary capacity are not included in 

the computation for the purchaser. 

Bonds received due to the death of the 

registered owner are not included in the 

computation for the recipient. 

(d) We reserve the right to take any 

action we deem necessary to adjust the 

excess, including the right to remove the 

excess bonds from your TreasuryDirect 

account and refund the payment price 

to your bank account of record using the 

ACH method of payment. 

Mark Reger, 

Acting Fiscal Assistant Secretary. 

[FR Doc. 2011–33762 Filed 1–3–12; 8:45 am] 

BILLING CODE 4810–39–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 52 

[EPA–R09–OAR–2011–0547; FRL–9480–1] 

Revisions to the California State 

Implementation Plan, San Joaquin 

Valley Unified Air Pollution Control 

District (SJVUAPCD) 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Final rule. 

SUMMARY: EPA is finalizing approval of 

revisions to the San Joaquin Valley Air 

Pollution Control District (SJVUAPCD) 

portion of the California State 

Implementation Plan (SIP). These 

revisions were proposed in the Federal 

Register on July 11, 2011 and concern 

volatile organic compound (VOC), 

oxides of nitrogen (NOX), and 

particulate matter (PM) emissions from 

open burning. We are approving a local 

rule that regulates these emission 

sources under the Clean Air Act as 

amended in 1990 (CAA or the Act). 

DATES: Effective Date: This rule is 

effective on February 3, 2011. 

ADDRESSES: EPA has established docket 

number EPA–R09–OAR–2011–0547 for 

this action. Generally, documents in the 

docket for this action are available 

electronically at http:// 

www.regulations.gov or in hard copy at 

EPA Region IX, 75 Hawthorne Street, 

San Francisco, California. While all 

documents in the docket are listed at 

http://www.regulations.gov, some 

information may be publicly available 

only at the hard copy location (e.g., 

copyrighted material, large maps, multivolume reports), and some may not be 

available in either location (e.g., 

confidential business information 

(CBI)). To inspect the hard copy 

materials, please schedule an 

appointment during normal business 

hours with the contact listed in the FOR

FURTHER INFORMATION CONTACT section. 

FOR FURTHER INFORMATION CONTACT: 

Rynda Kay, EPA Region IX, (415) 947– 

4118, kay.rynda@epa.gov. 

SUPPLEMENTARY INFORMATION: 

Throughout this document, ‘‘we,’’ ‘‘us’’ 

and ‘‘our’’ refer to EPA. 

Table of Contents 

I. Proposed Action 

II. Public Comments and EPA Responses 

III. EPA Action 

IV. Statutory and Executive Order Reviews 

I. Proposed Action 

On July 11, 2011 (76 FR 132), EPA 

proposed to approve the following rules 

into the California SIP. 

Local agency Rule No. Rule title Adopted Submitted 

SJVUAPCD ................................. 4103 Open Burning ................................................................................. 04/15/10 04/05/11 

SJVUAPCD ................................. .................... Table 9–1, Final Staff Report and Recommendations on Agricultural Burning.05/20/10 04/05/11 

We proposed to approve these rules 

because we determined that they 

complied with the relevant CAA 

requirements. Our proposed action 

contains more information on the rules 

and our evaluation. 

II. Public Comments and EPA 

Responses 

EPA’s proposed action provided a 30- 

day public comment period. During this 

period, we received comments from the 

following party. 

1. Sarah Jackson, Earthjustice; letter 

and email dated and received August 

10, 2011. 

The comments and our responses are 

summarized below. 

Comment #1: Earthjustice commented 

on the meaning of reasonably available 

control measures (RACM) under section 

172(c)(1) of the CAA, noting that ‘‘EPA 

has interpreted ‘reasonably available’ to 

be a measure that is ‘technologically and 

economically feasible and can be readily 

implemented.’ ’’ Earthjustice further 

asserted that ‘‘economic feasibility 

considers more than simply 

affordability and the cost-benefit ratio’’ 

and that ‘‘Congress intended RACM to 

be applied as those measures became 

available.’’ 

Response #1: We agree that RACM 

under section 172(c)(1) incorporates 

considerations of technical and 

economic feasibility. We note, however, 

that, ‘‘Congress provided EPA and 

States a great deal of deference for 

determining what measures to include 

in an attainment plan’’ under CAA 

section 172(c)(1) and that ‘‘[b]y 

including language in Section 172(c)(1) 

that only ‘reasonably available’ 

measures be considered for RACT/ 

RACM, and that implementation of 

these measures need be applied only ‘as 

expeditiously as practicable,’ Congress 

clearly intended that the RACT/RACM 

requirement be driven by an overall 

requirement that the measure be 

‘reasonable.’ ’’ 72 FR 20610 (April 25, 

2007). 

Comment #2: Earthjustice asserted 

that, ‘‘[t]he District’s RACM 

determination is flawed because it 

applies a feasibility test that is 

inconsistent with EPA guidance and 

CAA standards.’’ In particular, 

Earthjustice argued that the ‘‘10 percent 

of the crop category’s net profits’’ test 

used by District ‘‘fails to analyze 

whether an alternative is 

technologically or economically 

feasible.’’ Earthjustice suggested that the 

District should conduct a more 

comprehensive economic analysis 

taking into consideration how the costs 

of alternatives to open burning will 

impact production, employment, 

competition, and prices. 

Reponse #2: As an initial matter, we 

disagree with the commenter that the 

District has made a ‘‘RACM 

determination’’ with respect to Rule 

4103. The District has provided an 

assessment of the economic and 

technical feasibility of potential control 

measures for this source category, which 


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