Federal Register / Vol. 77, No. 82 / Friday, April 27, 2012 / Notices 25169 

SUMMARY: The ASC of the Federal 

Financial Institutions Examination 

Council (FFIEC) amended the following 

sections of the ASC Rules of Operation: 

1. Section 3.04.a to provide for 

selection of a Vice Chairperson by ASC 

members with the Vice Chairperson’s 

term of office running concurrently with 

the Chairperson’s term; 

2. Section 1.02(8) to define ‘‘Vice 

Chairperson’’ consistent with section 

3.04.a; and 

3. As a technical correction, Section 

1.02(3) to remove the reference to the 

Office of Thrift Supervision (which 

became part of the Office of the 

Comptroller of the Currency July 21, 

2011). 

4. The definition of ‘‘member agency’’ 

footnotes the amendment to section 

1011 of the Federal Financial 

Institutions Examination Council Act by 

the Dodd-Frank Act to include 

designees of the heads of the Bureau of 

Consumer Financial Protection and the 

Federal Housing Finance Agency. 

The ASC Rules of Operation serve as 

corporate bylaws outlining the ASC’s 

purpose, functions, authority, 

organization and operation. 

SUPPLEMENTARY INFORMATION: The ASC 

was established by Section 1102 (12 

U.S.C. 3310) of Title XI of the Financial 

Institutions Reform, Recovery, and 

Enforcement Act of 1989 (Title XI). The 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act of 2010 

amended numerous provisions in Title 

XI. The ASC Rules of Operation serve as 

corporate bylaws outlining the ASC’s 

purpose, functions, authority, 

organization and operation. 

DATES: Effective Date: Immediately. 

FOR FURTHER INFORMATION CONTACT: 

James R. Park, Executive Director, at 

(202) 595–7575, or Alice M. Ritter, 

General Counsel, at (202) 595–7577, via 

Internet email at jim@asc.gov and 

alice@asc.gov, respectively, or by U.S. 

Mail at Appraisal Subcommittee, 1401 

H Street NW., Suite 760, Washington, 

DC 20005. 

* * * * * 

By the Appraisal Subcommittee. 

Dated: April 23, 2012. 

Peter Gillispie, 

Chairman. 

[FR Doc. 2012–10129 Filed 4–26–12; 8:45 am] 

BILLING CODE 6700–01–P 

FEDERAL MARITIME COMMISSION 

[Docket No. 12–06] 

Shipco Transport Inc. v. Jem Logistics, 

Inc., and Andi Georgescu, an 

Individual and D/B/A Jem Logistics, 

Inc.; Notice of Filing of Complaint and 

Assignment 

Notice is given that a complaint has 

been filed with the Federal Maritime 

Commission (Commission) by Shipco 

Transport Inc. (Shipco), hereinafter 

‘‘Complainant,’’ against Jem Logistics, 

Inc., and Andi Georgescu, an individual 

and doing business as Jem Logistics, 

Inc., hereinafter ‘‘Respondents.’’ 

Complainant asserts that it is a nonvessel-operating common carrier 

(NVOCC) licensed by the FMC and 

incorporated in the State of New Jersey. 

Complainant alleges that Respondent 

Jem Logistics, Inc. is a corporation 

incorporated in the State of California 

and that Respondent Andi Georgescu is 

a resident of California and principal 

owner and president of Jem Logistics. 

Complainant alleges that Respondent 

‘‘Jem Logistics misrepresented to Shipco 

* * * that it was, in fact, an FMClicensed NVOCC,’’ but that ‘‘Jem 

Logistics was not the NVOCC it 

purported to be, and is not now nor was 

it at any time herein mentioned licensed 

by the Federal Maritime Commission 

(FMC).’’ Complainant alleges that 

Respondents ‘‘falsely used the name of 

a licensed and bonded NVOCC, 

Aromark Shipping LLC (Aromark).’’ 

Complainant also alleges that 

Respondents failed to pay Complainant 

for shipment of a vehicle after the cargo 

was abandoned. 

Therefore Complainant alleges that 

Respondent has violated 46 U.S.C. 

40901 and 40902 by its failure to be 

licensed and bonded and 46 U.S.C. 

41102, ‘‘by attempting to obtain Shipco 

shipping services relating to freight 

charges without paying for demurrage 

and removal of cargo upon 

abandonment in the absence of a bond 

to secure Respondent’s payment.’’ 

Complainant requests that the 

Commission order Respondents to 

’’make reparations to Complainant 

Shipco in the amount of $15,872.90 for 

failure to pay demurrage and disposal of 

the abandoned cargo’’ as well as 

attorney’s fees and expenses and ‘‘six 

per cent interest on amounts consisting 

of demurrage and disposal of cargo 

together with additional interest 

provided by law.’’ The full text of the 

complaint can be found in the 

Commission’s Electronic Reading Room 

at www.fmc.gov. 

This proceeding has been assigned to 

the Office of Administrative Law Judges. 

Hearing in this matter, if any is held, 

shall commence within the time 

limitations prescribed in 46 CFR 502.61, 

and only after consideration has been 

given by the parties and the presiding 

officer to the use of alternative forms of 

dispute resolution. The hearing shall 

include oral testimony and crossexamination in the discretion of the 

presiding officer only upon proper 

showing that there are genuine issues of 

material fact that cannot be resolved on 

the basis of sworn statements, affidavits, 

depositions, or other documents or that 

the nature of the matter in issue is such 

that an oral hearing and crossexamination are necessary for the 

development of an adequate record. 

Pursuant to the further terms of 46 CFR 

502.61, the initial decision of the 

presiding officer in this proceeding shall 

be issued by April 23, 2013 and the final 

decision of the Commission shall be 

issued by August 21, 2013. 

Karen V. Gregory, 

Secretary. 

[FR Doc. 2012–10147 Filed 4–26–12; 8:45 am] 

BILLING CODE 6730–01–P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Bank Holding Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Bank Holding Company 

Act of 1956 (12 U.S.C. 1841 et seq.) 

(BHC Act), Regulation Y (12 CFR 225), 

and all other applicable statutes and 

regulations to become a bank holding 

company and/or to acquire the assets or 

the ownership of, control of, or the 

power to vote shares of a bank or bank 

holding company and all of the banks 

and nonbanking companies owned by 

the bank holding company, including 

the companies listed below. 

The applications listed below, as well 

as other related filings required by the 

Board, are available for immediate 

inspection at the Federal Reserve Bank 

indicated. The applications will also be 

available for inspection at the offices of 

the Board of Governors. Interested 

persons may express their views in 

writing on the standards enumerated in 

the BHC Act (12 U.S.C. 1842(c)). If the 

proposal also involves the acquisition of 

a nonbanking company, the review also 

includes whether the acquisition of the 

nonbanking company complies with the 

standards in section 4 of the BHC Act 

(12 U.S.C. 1843). Unless otherwise 

noted, nonbanking activities will be 

conducted throughout the United States. 

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