27932 Federal Register / Vol. 83, No. 116 / Friday, June 15, 2018 / Proposed Rules 

institution, supervised institution, or a 

borrower or loan applicant of the 

employing institution. Exceptions: You 

may enter into transactions with family 

members and transactions in the 

ordinary course of business as 

determined and documented by the 

written policies and procedures of your 

institution. 

(7) Purchase System obligations. 

(i) Do not purchase any obligation of 

a System institution, including any 

joint, consolidated or System-wide 

obligation, unless such obligation is part 

of an offering available to the public; 

and purchased through a dealer or 

dealer bank affiliated with a member of 

the selling group designated by the 

Federal Farm Credit Banks Funding 

Corporation or purchased in the 

secondary market. 

(ii) Do not purchase or retire any stock 

in advance of the release of material 

non-public information concerning the 

institution to other stockholders; 

(iii) If you are a director or employee 

of the Federal Farm Credit Banks 

Funding Corporation, do not purchase 

or otherwise acquire, directly or 

indirectly, except by inheritance, any 

obligation or equity of a System 

institution, including any joint, 

consolidated or System-wide 

obligations, unless it is a common 

cooperative equity as defined in § 628.2 

of this chapter. 

(b) In addition to the prohibitions 

under paragraph (a) of this section, if 

you are a System institution employee 

you must not: 

(1) Serve as a director or employee of 

certain entities. Do not serve as a 

director or employee of an entity that 

transacts business with your institution, 

another System institution in the 

district, or of any commercial bank, 

savings and loan or other non-System 

financial institution. For the purpose of 

this paragraph, ‘‘transacts business’’ 

does not include System institution 

loans to a reportable business entity; 

service on the board of directors of the 

Federal Agricultural Mortgage 

Corporation; or transactions with nonprofit entities; or entities in which the 

System institution has an ownership 

interest. Exceptions: You may serve as a 

director or employee of an employee 

credit union, and you may serve as an 

employee of another System institution 

as permitted under paragraph (b)(4) of 

this section. 

(2) Act as a real estate agent or broker. 

Do not act as a real estate agent or 

broker, unless you are buying or selling 

real estate for your own use or for a 

family member or a person living in 

your home. 

(3) Act as an insurance agent or 

broker. Do not act as an insurance agent 

or broker for the sale and placement of 

insurance, unless authorized by section 

4.29 of the Act. 

(4) Serve as a joint employee. 

(i) If you are currently employed as an 

officer with a System bank, you cannot 

serve as an employee of a supervised 

association. 

(ii) If you are currently employed with 

a bank, but not as an officer, you may 

be an officer of a supervised association 

only if: 

(A) Both boards authorize such 

service in an extraordinary situation; 

(B) The duties and compensation at 

each institution is delineated in the 

board’s approval; and 

(C) Reasonable prior notice is 

provided to the Farm Credit 

Administration. 

(iii) You may be both a non-officer 

employee at a System bank and a 

supervised association, if employee 

expenses are appropriately reflected in 

each institution’s financial statements. 

§§ 612.2140–612.2165 [Reserved] 

§ 612.2170 Standards of Conduct Official. 

The Standards of Conduct Official 

must: 

(a) Implement and enforce the 

institution’s Standards of Conduct 

Program. 

(b) Provide guidance and information 

to directors and employees on conflicts 

of interest. 

(c) Administer periodic, but at a 

minimum, annual standards of conduct 

training to directors and employees that 

includes: 

(1) Procedures for the review of and 

recommendation for any revisions to the 

institution’s standards of conduct rules 

and Code of Ethics; 

(2) Procedures for reporting 

anonymously known or suspected 

violations of standards of conduct, Code 

of Ethics and unethical conduct; 

(3) Rules for prohibited conduct; 

(4) Fiduciary duties; 

(5) Conflicts of interest and apparent 

conflicts of interest; 

(6) Reporting requirements; and 

(7) New director training within 60 

calendar days before the beginning of 

the director’s election or term; and new 

employee training within 5 business 

days of the beginning of employment. 

(d) Help all directors and employees 

identify conflicts of interest and report 

financial interests in accordance with 

§ 612.2138. 

(e) Make written determinations on 

how conflicts of interest will be 

resolved consistent with your 

institution’s Standards of Conduct 

Program. 

(f) Document resolved and unresolved 

conflicts of interest that are material or 

significant. Maintain documentation 

that explains how conflicts are being 

handled. 

(g) Report to your institution’s board 

of directors or designated board 

committee: 

(1) Instances of standards of conduct 

or Code of Ethics non-compliance, 

promptly upon completion of any 

investigation or determination; and 

(2) Administration of the Standards of 

Conduct Program, periodically as 

determined by the written policies and 

procedures of your institution. 

§§ 612.2260–612.2270 [Reserved] 

Dated: June 12, 2018. 

Dale L. Aultman, 

Secretary, Farm Credit Administration Board. 

[FR Doc. 2018–12874 Filed 6–14–18; 8:45 am] 

BILLING CODE 6705–01–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 110 

[Docket Number USCG–2018–0388] 

Anchorage Ground; Sabine Pass, TX 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of inquiry; request for 

comments. 

SUMMARY: We are requesting your 

comments on a request we received 

from Sabine Pass LNG, L.P. for the 

disestablishment of the Sabine Pass 

Channel Anchorage Ground in Sabine, 

TX. The request indicates that deep 

draft ships do not use the anchorage and 

that disestablishment of the anchorage 

would not pose a concern for ship 

traffic. We seek your comments on 

whether we should consider a proposed 

rulemaking disestablishing the Sabine 

Pass Anchorage Ground based on this 

request or if other actions, such as 

reducing the size of the anchorage, 

should be considered. 

DATES: Your comments and related 

material must reach the Coast Guard on 

or before July 16, 2018. 

ADDRESSES: You may submit comments 

identified by docket number USCG– 

2018–0388 using the Federal portal at 

http://www.regulations.gov. See the 

‘‘Public Participation and Request for 

Comments’’ portion of the 

SUPPLEMENTARY INFORMATION section for 

further instructions on submitting 

comments. 


sradovich on DSK3GMQ082PROD with PROPOSALS
Federal Register / Vol. 83, No. 116 / Friday, June 15, 2018 / Proposed Rules 27933 

FOR FURTHER INFORMATION CONTACT: If 

you have questions about this notice of 

inquiry, call or email Mr. Scott K. 

Whalen, Marine Safety Unit Port Arthur, 

U.S. Coast Guard; telephone 409–719– 

5086, email: Scott.K.Whalen@uscg.mil. 

SUPPLEMENTARY INFORMATION: 

I. Table of Abbreviations 

CFR Code of Federal Regulations 

DHS Department of Homeland Security 

U.S.C. United States Code 

II. Background and Purpose 

In 1967, the Secretary of the Army 

transferred responsibility for certain 

functions, power, and duties to the 

Secretary of Transportation. Among the 

responsibilities transferred to the 

Secretary of Transportation was 

establishment and administration of 

water vessel anchorages. On December 

12, 1967, the regulations for the Sabine 

Pass Anchorage Ground were 

republished in 33 CFR part 110, without 

change, under this new authority (32 FR 

17726). The regulations for the Sabine 

Pass Channel Anchorage Ground in 

Sabine, TX are contained in 33 CFR 

110.196. 

The legal basis and authorities for this 

notice of inquiry are found in 33 U.S.C. 

471, 1221 through 1236; 33 CFR 1.05– 

1, and Department of Homeland 

Security Delegation No. 0170.1, which 

collectively authorize the Coast Guard 

to propose, establish, and define 

regulatory anchorages. As reflected in 

title 33 CFR 109.05, the Commandant of 

the U.S. Coast Guard has delegated the 

authority to establish anchorage grounds 

to U.S. Coast Guard District 

Commanders. The Coast Guard is now 

requesting comments on considering a 

proposed rulemaking based on Sabine 

Pass LNG L.P.’s request for 

disestablishing the Sabine Pass 

Anchorage Ground, or if other actions, 

such as reducing the size of the 

anchorage, should also be considered. 

As discussed earlier, administration 

of the Sabine Pass Anchorage Ground 

was originally transferred to the Coast 

Guard in 1967. Under 33 CFR 110.196, 

the anchorage ground is ‘‘for the 

temporary use of vessels of all types, but 

especially for naval and merchant 

vessels awaiting weather and tidal 

conditions favorable to the resumption 

of their voyages.’’ In 2006, Cheniere 

Energy began construction of a liquefied 

natural gas terminal on the eastern 

waterfront of the Sabine Pass Channel, 

immediately north and adjacent to the 

Sabine Pass Channel Anchorage 

Ground. On October 3, 2006, the Coast 

Guard published a notice of proposed 

rulemaking proposing to reduce the area 

of the Sabine Pass Anchorage Ground by 

800 feet on the north end of the 

anchorage in order to reduce the risk of 

collision between anchored vessels and 

berthing and unberthing vessels at 

Cheniere’s terminal, as well as to reduce 

the risk of grounding by providing a 

larger maneuvering area for vessels 

calling Cheniere’s terminal (71 FR 

58330). Both comments we received 

during that rulemaking process 

supported the proposed reduction on 

the basis of enhancing navigation safety. 

One commenter noted that ‘‘the 

anchorage was infrequently used and 

would have minimal impact on the 

economy.’’ On January 5, 2007, the 

Coast Guard published the final rule 

reducing the overall size of the 

anchorage consistent with the proposal 

(72 FR 463). 

On November 8, 2017, we received a 

request from Sabine Pass LNG L.P. to 

disestablish the Sabine Pass Anchorage 

Ground in its entirety. The request 

states that the anchorage is rarely used 

and its disestablishment would not 

significantly impact vessels that use the 

area. A copy of this request is available 

in the docket where indicated under 

ADDRESSES. 

A review of Vessel Traffic Service 

transit reports shows that deep draft 

ships have not made use of this 

anchorage during the last decade. It is 

estimated that the anchorage area is 

utilized an average of 27 times each year 

by shallow draft vessels (for example, 

tows, dredges, and work boats) for 

shortening tow or for use as a staging 

area for local work projects such as 

dredging. 

III. Information Requested 

We seek your comments on whether 

we should consider a proposed 

rulemaking to disestablish or otherwise 

modify the Sabine Pass Anchorage 

Ground. In particular, the Coast Guard 

requests your input to determine if there 

remains a need for a regulated 

anchorage in this area, and if so, to what 

extent and for what purpose; if a 

reduction in size of the anchorage 

would meet current and anticipated 

industry needs; or if other options 

should be considered. Recent U.S. Army 

Corps of Engineers survey data of the 

anchorage is available in the docket 

where indicated under ADDRESSES. 

IV. Public Participation and Request for 

Comments 

We encourage you to submit 

comments through the Federal portal at 

http://www.regulations.gov. If your 

material cannot be submitted using 

http://www.regulations.gov, contact the 

person in the FOR FURTHER INFORMATION

CONTACT section of this document for 

alternate instructions. In your 

submission, please include the docket 

number for this notice of inquiry and 

provide a reason for each suggestion or 

recommendation. 

We accept anonymous comments. All 

comments received will be posted 

without change to http://

www.regulations.gov and will include 

any personal information you have 

provided. For more about privacy and 

the docket, visit http://

www.regulations.gov/privacyNotice. 

Documents mentioned in this notice 

of inquiry as being available in the 

docket, and all public comments, will 

be in our online docket at http://

www.regulations.gov and can be viewed 

by following that website’s instructions. 

Dated: June 12, 2018. 

Paul F. Thomas, 

Rear Admiral, U.S. Coast Guard, Commander, 

Eighth Coast Guard District. 

[FR Doc. 2018–12910 Filed 6–14–18; 8:45 am] 

BILLING CODE 9110–04–P 

POSTAL SERVICE 

39 CFR Parts 265 and 266 

Production or Disclosure of Material or 

Information 

AGENCY: Postal ServiceTM. 

ACTION: Proposed rule. 

SUMMARY: The Postal Service proposes 

to amend its Freedom of Information 

Act (FOIA) and Privacy Act regulations. 

These changes would improve clarity, 

make technical corrections, and create a 

definition of ‘‘information of a 

commercial nature’’ as it pertains to the 

Postal Reorganization Act’s provisions 

concerning disclosure of information 

under the Freedom of Information Act. 

DATES: Comments must be received on 

or before July 16, 2018. 

ADDRESSES: Mail or deliver written 

comments to: Associate General Counsel 

and Chief Ethics & Compliance Officer, 

475 L’Enfant Plaza SW, Room 6000, 

Washington, DC 20260–1135. Email and 

faxed comments are not accepted. You 

may inspect and photocopy all written 

comments, by appointment only, at 

USPS® Headquarters Library, 475 

L’Enfant Plaza SW, 11th Floor North, 

Washington, DC 20260. These records 

are available for review on Monday 

through Friday, 9 a.m.–4 p.m., by 

calling 202–268–2904. 

FOR FURTHER INFORMATION CONTACT: 

Ruth B. Stevenson, Attorney, Federal 

Compliance, ruth.b.stevenson@usps.gov, 

202–268–6627. 


sradovich on DSK3GMQ082PROD with PROPOSALS