Federal Register / Vol. 83, No. 247 / Thursday, December 27, 2018 / Rules and Regulations 66615 

1Public Law 99–571, 100 Stat. 3208 (1986). 

2 52 FR 27910 (July 24, 1987). 

3Securities Act Release No. 33–10532, Disclosure 

Update and Simplification, retrieved from https:// 

www.sec.gov/rules/final/2018/33–10532.pdf. 

labeled ‘‘RC Exempt,’’ then the RC 

requirement is removed from that step or 

substep. An AMOC is required for any 

deviations to RC steps, including substeps 

and identified figures. 

(ii) Steps not labeled as RC may be 

deviated from using accepted methods in 

accordance with the operator’s maintenance 

or inspection program without obtaining 

approval of an AMOC, provided the RC steps, 

including substeps and identified figures, can 

still be done as specified, and the airplane 

can be put back in an airworthy condition. 

(k) Related Information 

For more information about this AD, 

contact Myra Kuck, Aerospace Engineer, 

Cabin Safety and Environmental Systems 

Section, FAA, Los Angeles ACO Branch, 

3960 Paramount Boulevard, Lakewood, CA 

90712–4137; phone: 562–627–5316; fax: 562– 

627–5210; email: myra.j.kuck@faa.gov. 

(l) Material Incorporated by Reference 

(1) The Director of the Federal Register 

approved the incorporation by reference 

(IBR) of the service information listed in this 

paragraph under 5 U.S.C. 552(a) and 1 CFR 

part 51. 

(2) You must use this service information 

as applicable to do the actions required by 

this AD, unless the AD specifies otherwise. 

(i) Boeing Special Attention Service 

Bulletin 757–25–0308, Revision 1, dated June 

7, 2018. 

(ii) Boeing Special Attention Service 

Bulletin 757–25–0309, Revision 1, dated July 

2, 2018. 

(3) For service information identified in 

this AD, contact Boeing Commercial 

Airplanes, Attention: Contractual & Data 

Services (C&DS), 2600 Westminster Blvd, MC 

110–SK57, Seal Beach, CA 90740–5600; 

telephone 562–797–1717; internet https://

www.myboeingfleet.com. 

(4) You may view this service information 

at the FAA, Transport Standards Branch, 

2200 South 216th St, Des Moines, WA. For 

information on the availability of this 

material at the FAA, call 206–231–3195. 

(5) You may view this service information 

that is incorporated by reference at the 

National Archives and Records 

Administration (NARA). For information on 

the availability of this material at NARA, call 

202–741–6030, or go to: http://

www.archives.gov/federal-register/cfr/ibrlocations.html. 

Issued in Des Moines, Washington on 

December 13, 2018. 

Michael Kaszycki, 

Acting Director, System Oversight Division, 

Aircraft Certification Service. 

[FR Doc. 2018–27886 Filed 12–26–18; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF THE TREASURY 

17 CFR Parts 404 and 449 

Disclosure Update 

AGENCY: Office of the Assistant 

Secretary for Financial Markets, 

Treasury. 

ACTION: Final rule. 

SUMMARY: The Department of the 

Treasury (Treasury) is issuing this final 

rule to amend certain regulations issued 

under the Government Securities Act of 

1986 (GSA). Treasury’s recordkeeping 

and reporting requirements for 

registered government securities brokers 

and dealers cross-reference existing 

Securities and Exchange Commission 

(SEC) regulations, with modifications. 

The SEC recently amended certain of its 

disclosure requirements that may have 

become redundant, duplicative, 

overlapping, outdated, or superseded as 

a result of changes to U.S. Generally 

Accepted Accounting Principles (U.S. 

GAAP). The technical amendments to 

the Treasury recordkeeping rules and 

Form G–405, referenced in the 

regulations, conform to SEC 

amendments regarding the reporting of 

extraordinary gains and losses, the 

cumulative effect of changes in 

accounting principles, and 

comprehensive income on the annual 

reports and Form X–17A–5 (Financial 

and Operational Combined Uniform 

Single Report or ‘‘FOCUS Report’’). 

DATES: This final rule is effective 

January 1, 2019. 

ADDRESSES: This final rule is available at 

http://www.treasurydirect.gov and 

http://www.regulations.gov. 

FOR FURTHER INFORMATION CONTACT: Lori 

Santamorena, Executive Director, or 

Kevin Hawkins, Associate Director, 

Department of the Treasury, Bureau of 

the Fiscal Service, Government 

Securities Regulations Staff, (202) 504– 

3632 or email us at govsecreg@

fiscal.treasury.gov. 

SUPPLEMENTARY INFORMATION: 

I. Background 

The GSA requires the Secretary of the 

Treasury to adopt rules with respect to 

transactions in government securities 

effected by government securities 

brokers and dealers in the areas of 

financial responsibility, protection of 

investor securities and funds, 

recordkeeping, reporting, and audit. The 

regulatory framework established by the 

GSA requires the Secretary in 

promulgating these rules to ‘‘consider 

the sufficiency and appropriateness of 

then existing law and rules applicable’’ 

to government securities brokers and 

dealers.1 In issuing the final GSA rules, 

Treasury considered existing regulation 

with a view toward preventing overly 

burdensome and duplicative 

regulation.2 Treasury’s GSA rules 

therefore generally provide that 

compliance by registered government 

securities brokers and dealers with 

certain applicable SEC rules constitutes 

compliance with the GSA rules. 

Treasury seeks to maintain consistency, 

where practical, with parallel rules that 

have been adopted or amended by the 

SEC for registered brokers and dealers. 

Treasury’s recordkeeping rules in part 

404 (Recordkeeping and Preservation of 

Records), and the reporting 

requirements in part 405 (Reports and 

Audit) for registered government 

securities brokers and dealers, crossreference existing SEC regulations, with 

modifications. The format of reporting 

under the GSA regulations in part 405 

is also substantially similar to that 

required pursuant to SEC rules. Sections 

17 CFR 405.2 and 449.5 of the GSA 

regulations require that registered 

government securities brokers and 

dealers use Form G–405 (Report on 

Finances and Operations of Government 

Securities Brokers and Dealers, or the 

‘‘FOGS Report’’) to make the required 

monthly, quarterly and annual financial 

reports to the SEC or to their selfregulatory organization. 

Treasury adopted the FOGS Report in 

17 CFR 449.5 of the GSA regulations 

based on the SEC’s FOCUS Report. 

Registered government securities 

brokers and dealers are required to file 

financial reports which include 

information on their assets, liabilities, 

liquid capital, total haircuts, and ratio of 

liquid capital to total haircuts, among 

other items, on the FOGS Report. 

II. Analysis 

Certain SEC rules contain accounting 

and disclosure requirements including 

U.S. GAAP accounting standards. The 

SEC periodically reviews and amends 

its disclosure requirements to eliminate 

rules that become redundant, 

duplicative, or overlapping as the 

Financial Accounting Standards Board 

(FASB) updates U.S. GAAP. 

In keeping with this practice, on 

August 17, 2018, the SEC amended 

several of its disclosure requirements 

related to information that is addressed 

by more recently updated U.S. GAAP 

requirements.3 This included 

amendments regarding the reporting of 


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66616 Federal Register / Vol. 83, No. 247 / Thursday, December 27, 2018 / Rules and Regulations 

4See ASU No. 2011–05, Comprehensive Income 

(Topic 220): Presentation of Comprehensive 

Income. As defined in the FASB’s Accounting 

Standards Codification (ASC), comprehensive 

income is the change in equity of a business entity 

during the period from transactions and other 

events and circumstances from nonowner sources. 

5The FASB also eliminated the concept of 

extraordinary items from U.S. GAAP noting that 

preparers found it ambiguous, unnecessary, and 

rarely used. The FASB noted that eliminating the 

concept would save time and reduce costs for 

preparers while alleviating uncertainty for 

preparers, auditors, and regulators. The FASB also 

eliminated from U.S. GAAP the requirement to 

report cumulative effect of a change in accounting 

principle in the income statement. U.S. GAAP now 

requires, unless impracticable or otherwise 

provided for in a newly issued accounting 

standards update, retrospective application of a 

change in accounting principle to all prior periods, 

with the cumulative effect reported in the opening 

balance of retained earnings for the earliest period 

presented. 

6The January 1, 2019 effective date aligns with 

SEC staff’s no-action relief regarding the effective 

date of the SEC’s changes to its FOCUS Report. See 

SEC No Action Letter, Implementation of Effective 

Date of Disclosure Update and Simplification 

Adopting Release for Broker-Dealer Reports 

(October 29, 2018). 

extraordinary gains or losses, the 

cumulative effect of changes in 

accounting principles, and 

comprehensive income on the annual 

reports required by paragraph (d) of the 

Securities Exchange Act Rule 17a–5 and 

Parts II, IIA, IIB, and III of the FOCUS 

Report. 

Various SEC disclosure requirements 

and forms, including the FOCUS Report, 

that referred only to an income 

statement (or similar term) were no 

longer consistent with U.S. GAAP 

because the FASB replaced the income 

statement with the statement of 

comprehensive income.4 In contrast to 

net income, which does not include 

some changes in equity, comprehensive 

income includes all non-owner changes 

to equity. 

To update its disclosure requirements 

regarding the annual reports and the 

FOCUS Report, the SEC’s references to 

‘‘income statement’’ or ‘‘statement of 

income’’ are supplemented by 

‘‘statement of comprehensive income.’’ 5

As a result of the SEC’s amendments 

regarding the reporting of 

comprehensive income on the annual 

reports and FOCUS Report, Treasury 

determined that it is necessary to make 

conforming changes to certain rules and 

financial reports that registered 

government securities brokers and 

dealers are required to file. 

17 CFR 404.2 incorporates language 

from Securities Exchange Act Rule 17h– 

1T, with modifications. Treasury is 

amending 17 CFR 404.2 by adding the 

same note contained in the SEC’s Rule 

17h–1T amendment. The SEC amended 

Rule 17h–1T (Risk assessment 

recordkeeping requirements for 

associated persons of brokers and 

dealers) by adding a note indicating that 

statements of comprehensive income 

must be included in place of income 

statements, if required by the applicable 

generally accepted accounting 

principles. 

Treasury is amending the FOGS 

Report by inserting new line items for 

reporting comprehensive income or loss 

when required by U.S. GAAP and 

eliminating line items for reporting 

extraordinary gains and losses and the 

cumulative effect of changes in 

accounting principles. The general 

instructions to Parts II and IIA of the 

FOGS Report will also be amended to 

reflect these changes. 

III. Effective Date 

The amendments to 17 CFR 404.2 and 

the FOGS Report become effective 

January 1, 2019, and apply to FOGS 

Reports covering reporting periods 

ending after December 31, 2018.6

Treasury has consulted with staff from 

the SEC and the Financial Industry 

Regulatory Authority (FINRA) regarding 

the implementation of the form changes. 

Treasury understands that FINRA will 

make available the amended FOGS 

Report to its members that are registered 

government securities brokers and 

dealers. Copies of the FOGS Report may 

also be obtained by downloading the 

form from the TreasuryDirect.gov 

website. 

IV. Special Analysis 

Executive Orders 13563 and 12866 

direct agencies to assess costs and 

benefits of available regulatory 

alternatives and, if regulation is 

necessary, to select regulatory 

approaches that maximize net benefits 

(including potential economic, 

environmental, public health and safety 

effects, distributive impacts, and 

equity). Executive Order 13563 

emphasizes the importance of 

quantifying both costs and benefits, of 

reducing costs, of harmonizing rules, 

and of promoting flexibility. This rule is 

not a significant regulatory action for 

purposes of Executive Order 12866. 

Because the final rule makes no 

substantive change to the existing rules 

and imposes no additional reporting 

requirements, we find under 5 U.S.C. 

553(b)(B) that there is good cause that 

notice and public procedures are 

unnecessary, and that the rule can be 

issued in final form. For the same 

reasons, we find that a delayed effective 

date is unnecessary and good cause 

exists pursuant to 5 U.S.C. 553(d)(3) to 

issue the rule with less than a 30-day 

delay. 

Because no notice of proposed 

rulemaking is required, the provisions 

of the Regulatory Flexibility Act (5 

U.S.C. 601 et seq.) do not apply. These 

amendments reflect Treasury’s 

continuing interest in meeting its 

informational needs while minimizing 

the cost and burden on those entities 

affected by the regulations. 

The amendments to 17 CFR 404.2 and 

the FOGS Report collectively affect 

approximately two government 

securities brokers and dealers who must 

file periodic reports with the SEC and 

FINRA, based on the number of 

registered government securities brokers 

and dealers who filed these financial 

reports in September 2018. Treasury 

shares the SEC’s belief that respondents 

currently provide information in 

response to U.S. GAAP or other SEC 

disclosure requirements that have been 

updated more recently, rather than the 

superseded requirements covered by the 

amendments. As a result, we do not 

believe that these amendments would 

result in a change to respondents’ 

overall paperwork burden. 

List of Subjects in 17 CFR Parts 404 and 

449 

Banks, banking, Brokers, Government 

securities, Reporting and recordkeeping 

requirements. 

For the reasons stated in the 

preamble, 17 CFR parts 404 and 449 are 

amended as follows: 

PART 404—RECORDKEEPING AND 

PRESERVATION OF RECORDS 

■ 1. The authority citation for part 404 

continues to read as follows; 

Authority: 15 U.S.C. 78o–5(b)(1)(B), 

(b)(1)(C), (b)(2), (b)(4). 

■ 2. Amend § 404.2 by adding Note 1 to 

Paragraph (v) of the quoted text in 

paragraph (b)(4) to read as follows: 

§ 404.2 Records to be made and kept 

current by registered government securities 

brokers and dealers; records of nonresident registered government securities 

brokers and dealers. 

* * * * * 

(b) * * * 

(4) * * * 

‘‘(v) * * * 

Note 1 to paragraph 240.17h–1T(a)(1)(v). 

Statements of comprehensive income (as 

defined in 17 CFR 210.1–02) must be 

included in place of income statements, if 

required by the applicable generally accepted 

accounting principles. 

* * * * * 


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Federal Register / Vol. 83, No. 247 / Thursday, December 27, 2018 / Rules and Regulations 66617 

PART 449—FORMS, SECTION 15C OF 

THE SECURITIES EXCHANGE ACT OF 

1934 

■ 3. The authority citation for part 449 

continues to read as follows; 

Authority: 15 U.S.C. 78o–5(a), (b)(1)(B), 

(b)(4). 

■ 4. Amend Form G–405 Part II (FOGS 

Report) (referenced in § 449.5): 

■ a. Under the heading ‘‘Statement of 

Financial Condition’’ by revising 

paragraph 29, redesignating paragraphs 

29.E and F as paragraphs 29.F and G, 

respectively, and adding a new 

paragraph 29.E; and 

■ b. By revising the heading ‘‘Statement 

of Income (Loss)’’ and under that 

heading, revising the subheading ‘‘Net 

Income’’, reserving paragraphs 31, 31.A 

and 32, revising paragraph 33, 

redesignating paragraph 34 as paragraph 

36, adding new paragraph 34 and 

paragraphs 34.A and 35, and revising 

newly redesignated paragraph 36. 

The revisions and additions read as 

follows: 

Note: The text of Form G–405 Part II does 

not, and this amendment will not, appear in 

the Code of Federal Regulations. 

FORM G–405 

REPORT ON FINANCES AND 

OPERATIONS OF GOVERNMENT 

SECURITIES BROKERS AND DEALERS 

PART II 11 

* * * * * 

STATEMENT OF FINANCIAL 

CONDITION 

* * * * * 

29. * * * 

E. Accumulated other comprehensive 

income lll1797 

F. Total lll1795 

G. Less capital stock in treasury 

(lll)1796 

* * * * * 

STATEMENT OF INCOME (LOSS) or 

STATEMENT OF COMPREHENSIVE 

INCOME (as Defined in § 210.1–02 of 

Regulation S–X), as Applicable 

* * * * * 

NET INCOME/COMPREHENSIVE 

INCOME 

* * * * * 

31. [RESERVED] 

A. [RESERVED] 

32. [RESERVED] 

33. Net income (loss) after Federal 

income taxes $ lll 4230 

34. Other comprehensive income 

(loss) lll 4226 

A. After Federal income taxes of 

lll 4227 

35. Comprehensive income (loss) $ 

lll 4228 

MONTHLY INCOME 

36. Income (current month only) 

before provision for Federal income 

taxes $ lll 4211 

* * * * * 

■ 5. Amend the Form G–405 Part II 

(FOGS Report) (referenced in § 449.5) 

General Instructions by: 

■ a. Revising the heading ‘‘Statement of 

Income (Loss)’’ and removing from 

under that heading the subheadings 

‘‘Extraordinary Items’’ and ‘‘Effect of 

Changes in Accounting Principles’’ and 

their related text; and 

■ b. Revising under the heading 

‘‘Statement of Changes in Ownership 

Equity (Sole Proprietorship, Partnership 

or Corporation)’’ the text related to the 

subheading ‘‘Net Income (Loss) For 

Period.’’ 

The revisions read as follows: 

Note: The text of Form G–405 Part II 

General Instructions does not, and this 

amendment will not, appear in the Code of 

Federal Regulations. 

FORM G–405, PART II 

REPORT ON FINANCES AND 

OPERATIONS OF GOVERNMENT 

SECURITIES BROKERS AND DEALERS 

GENERAL INSTRUCTIONS 

* * * * * 

STATEMENT OF INCOME (LOSS) or 

STATEMENT OF COMPREHENSIVE 

INCOME (as Defined in § 210.1–02 of 

Regulation S–X), as Applicable 

If there are no items of other 

comprehensive income in the period 

presented, the broker or dealer is not 

required to report comprehensive 

income. 

* * * * * 

STATEMENT OF CHANGES IN 

OWNERSHIP EQUITY 

(SOLE PROPRIETORSHIP, 

PARTNERSHIP OR CORPORATION) 

* * * * * 

Net Income (Loss) for Period 

Report the amount of net income 

(loss) for the period reported on the 

Statement of Income (Loss) or Statement 

of Comprehensive Income, as 

applicable. 

* * * * * 

■ 6. Amend Form G–405 Part IIA (FOGS 

Report) (referenced in § 449.5) by: 

■ a. Revising under the heading 

‘‘Statement of Financial Condition for 

Noncarrying, Nonclearing and Certain 

other Government Securities Brokers or 

Dealers’’ paragraph 23 by redesignating 

current paragraphs 23.E and F as 

paragraphs 23.F and G, respectively and 

adding a new paragraph 23.E; and 

■ b. Revising the heading ‘‘Statement of 

Income (Loss)’’ and under that heading, 

revising the subheading ‘‘Net Income’’, 

removing and reserving paragraphs 19, 

19.A and 20, revising paragraph 21, 

redesignating current paragraph 22 as 

paragraph 24, adding new paragraph 22 

and paragraphs 22.A and 23, and 

revising newly redesignated paragraph 

24. 

The revisions and additions read as 

follows: 

Note: The text of Form G–405 Part IIA does 

not, and this amendment will not, appear in 

the Code of Federal Regulations. 

FORM G–405 

REPORT ON FINANCES AND 

OPERATIONS OF GOVERNMENT 

SECURITIES BROKERS AND DEALERS 

PART IIA 12 

* * * * * 

STATEMENT OF FINANCIAL 

CONDITION FOR NONCARRYING, 

NONCLEARING AND CERTAIN 

OTHER GOVERNMENT SECURITIES 

BROKERS OR DEALERS 

* * * * * 

23. * * * 

E. Accumulated other comprehensive 

income lll1797 

F. Total l1795 

G. Less capital stock in treasury 16 

(l)1796 

* * * * * 

STATEMENT OF INCOME (LOSS) or 

STATEMENT OF COMPREHENSIVE 

INCOME (as Defined in § 210.1–02 of 

Regulation S–X), as Applicable 

* * * * * 

NET INCOME/COMPREHENSIVE 

INCOME 

* * * * * 

19. [RESERVED] 

a. [RESERVED] 

20. [RESERVED] 

21. Net income (loss) after Federal 

income taxes $ lll 4230 

22. Other comprehensive income 

(loss) lll 4226 

a. After Federal income taxes of 

lll 4227 

23. Comprehensive income (loss) $ 

lll 4228 

MONTHLY INCOME 

24. Income (current month only) 

before provision for Federal income 

taxes $ lll 4211 

* * * * * 


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66618 Federal Register / Vol. 83, No. 247 / Thursday, December 27, 2018 / Rules and Regulations 

■ 7. Amend the General Instructions to 

Form G–405 Part IIA (FOGS Report) 

(referenced in § 449.5) by: 

■ a. Revising the heading ‘‘Statement of 

Income (Loss)’’ and removing from 

under that heading paragraphs 19 and 

20; and 

■ b. Revising under the heading 

‘‘Statement of Changes in Ownership 

Equity (Sole Proprietorship, Partnership 

or Corporation)’’ the text related to the 

subheading ‘‘Net Income (Loss) For 

Period.’’ 

The revisions read as follows: 

Note: The text of Form G–405 Part IIA 

General Instructions does not, and this 

amendment will not, appear in the Code of 

Federal Regulations. 

FORM G–405, PART IIA 

REPORT ON FINANCES AND 

OPERATIONS OF GOVERNMENT 

SECURITIES BROKERS AND DEALERS 

GENERAL INSTRUCTIONS 

* * * * * 

STATEMENT OF INCOME (LOSS) or 

STATEMENT OF COMPREHENSIVE 

INCOME (as Defined in § 210.1–02 of 

Regulation S–X), as Applicable 

If there are no items of other 

comprehensive income in the period 

presented, the broker or dealer is not 

required to report comprehensive 

income. 

* * * * * 

STATEMENT OF CHANGES IN 

OWNERSHIP EQUITY 

(SOLE PROPRIETORSHIP, 

PARTNERSHIP OR CORPORATION) 

* * * * * 

Net Income (Loss) For Period 

Report the amount of net income 

(loss) for the period reported on the 

Statement of Income (Loss) or Statement 

of Comprehensive Income, as 

applicable. 

* * * * * 

■ 8. Amend the Form G–405 Part III 

(FOGS Report) (referenced in § 449.5) by 

revising under the heading ‘‘Oath or 

Affirmation’’ checkbox (c) to read as 

follows: 

Note: The text of Form G–405 Part III does 

not, and this amendment will not, appear in 

the Code of Federal Regulations. 

ANNUAL AUDITED REPORT 

FORM G–405 PART III 

* * * * * 

OATH OR AFFIRMATION 

* * * * * 

b (c) Statement of Income (Loss) or, 

if there is other comprehensive income 

in the period(s) presented, a Statement 

of Comprehensive Income (as defined in 

§ 210.1–02 of Regulation S–X). 

* * * * * 

Brian Smith, 

Deputy Assistant Secretary for Federal 

Finance. 

[FR Doc. 2018–28051 Filed 12–26–18; 8:45 am] 

BILLING CODE 4810–AS–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Food and Drug Administration 

21 CFR Part 573 

[Docket No. FDA–2017–F–2130] 

Food Additives Permitted in Feed and 

Drinking Water of Animals; Formic 

Acid 

AGENCY: Food and Drug Administration, 

HHS. 

ACTION: Final rule; technical 

amendment. 

SUMMARY: The Food and Drug 

Administration (FDA) is amending the 

food additive regulations for a required 

labeling statement for use of formic acid 

in complete feed for swine and poultry. 

This action is being taken to improve 

the accuracy and clarity of the 

regulations. 

DATES: This rule is effective December 

27, 2018. 

FOR FURTHER INFORMATION CONTACT: 

Chelsea Trull, Center for Veterinary 

Medicine (HFV–224), Food and Drug 

Administration, 7519 Standish Pl., 

Rockville, MD 20855, 240–402–6729, 

chelsea.trull@fda.hhs.gov. 

SUPPLEMENTARY INFORMATION: 

I. Background 

FDA is amending the food additive 

regulations for a required labeling 

statement in 21 CFR 573.480 Formic 

acid for use of formic acid in complete 

feed for swine and poultry. In error, we 

did not revise all parts of the regulation 

necessary to reflect the approval of 

BASF Corp.’s FAP 2301 (83 FR 20, 

January 2, 2018). These revisions are 

entirely within the approved conditions 

of use of formic acid under FAP 2301. 

This action is being taken to improve 

the accuracy and clarity of the 

regulations. 

Publication of this document 

constitutes final action under the 

Administrative Procedures Act (5 U.S.C. 

553). FDA has determined that notice 

and public comment are unnecessary 

because this amendment to the 

regulations provides only technical 

changes to correct an inaccurate 

statement and is nonsubstantive. 

List of Subjects in 21 CFR Part 573 

Animal feeds, Food additives. 

Therefore, under the Federal Food, 

Drug, and Cosmetic Act, and the Public 

Health Service Act, and under the 

authority delegated to the Commissioner 

of Food and Drugs, 21 CFR part 573 is 

amended as follows: 

PART 573—FOOD ADDITIVES 

PERMITTED IN FEED AND DRINKING 

WATER OF ANIMALS 

■ 1. The authority citation for part 573 

continues to read as follows: 

Authority: 21 U.S.C. 321, 342, 348. 

§ 573.480 [Amended] 

■ 2. In § 573.480, amend paragraph (b) 

introductory text by removing 

‘‘complete swine and poultry feeds’’ and 

in its place adding ‘‘complete feed for 

swine and poultry’’ and paragraph 

(b)(4)(ii) by removing ‘‘swine’’ both 

times it appears. 

Dated: December 18, 2018. 

Leslie Kux, 

Associate Commissioner for Policy. 

[FR Doc. 2018–27966 Filed 12–26–18; 8:45 am] 

BILLING CODE 4164–01–P 

DEPARTMENT OF THE TREASURY 

31 CFR Part 148 

Qualified Financial Contracts 

Recordkeeping Related to Orderly 

Liquidation Authority 

AGENCY: Department of the Treasury. 

ACTION: Notification of exemption. 

SUMMARY: The Secretary of the Treasury 

(the ‘‘Secretary’’), as Chairperson of the 

Financial Stability Oversight Council, 

after consultation with the Federal 

Deposit Insurance Corporation (the 

‘‘FDIC’’), is issuing a determination 

regarding a request for an exemption 

from certain requirements of the rule 

implementing the qualified financial 

contracts (‘‘QFC’’) recordkeeping 

requirements of Title II of the DoddFrank Wall Street Reform and Consumer 

Protection Act (the ‘‘Dodd-Frank Act’’ or 

the ‘‘Act’’). 

DATES: The exemption granted is 

effective December 27, 2018. 

FOR FURTHER INFORMATION CONTACT: 

Peter Phelan, Deputy Assistant 

Secretary for Capital Markets, (202) 

622–1746; Peter Nickoloff, Financial 

Economist, Office of Capital Markets, 


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