22390 Federal Register / Vol. 77, No. 72 / Friday, April 13, 2012 / Notices 

2012. The motion to dismiss will be addressed in 

a subsequent Board decision. 

MDOT states that the proposed 

transaction has been agreed upon 

pursuant to an Agreement for Purchase 

and Sale by and between MDOT and 

NSR. According to MDOT, it would 

operate intercity passenger rail service, 

through a designated third-party 

operator, and MDOT would not acquire 

any freight operating rights. MDOT also 

states that the agreement does not 

contain any provisions that would limit 

interchange with a third party. 

MDOT certifies that, because it will 

not conduct any rail operations on the 

line being acquired, its projected annual 

revenues as a result of this transaction 

will not exceed those that would qualify 

it as a Class III rail carrier and will not 

exceed $5 million. 

MDOT states that it expects to 

consummate the proposed transaction 

on May 31, 2012, or later. The earliest 

this transaction may be consummated is 

April 29, 2012, the effective date of the 

exemption (30 days after the exemption 

is filed). 

If the notice contains false or 

misleading information, the exemption 

is void ab initio. Petitions to revoke the 

exemption under 49 U.S.C. 10502(d) 

may be filed at any time. The filing of 

a petition to revoke will not 

automatically stay the effectiveness of 

the exemption. Petitions for stay must 

be filed no later than April 20, 2012 (at 

least 7 days before the exemption 

becomes effective). 

An original and 10 copies of all 

pleadings, referring to Docket No. FD 

35606, must be filed with the Surface 

Transportation Board, 395 E Street SW., 

Washington, DC 20423–0001. In 

addition, a copy of each pleading must 

be served on Kevin M. Sheys, Nossaman 

LLP, 1666 K Street NW., Suite 500, 

Washington, DC 20006. 

Board decisions and notices are 

available on our Web site at 

www.stb.dot.gov. 

Decided: April 10, 2012. 

By the Board, Rachel D. Campbell, 

Director, Office of Proceedings. 

Jeffrey Herzig, 

Clearance Clerk. 

[FR Doc. 2012–8890 Filed 4–12–12; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF THE TREASURY 

Debt Management Advisory Committee 

Meeting 

Notice is hereby given, pursuant to 

5 U.S.C. App. 2, 10(a)(2), that a meeting 

will be held at the Hay-Adams Hotel, 

16th Street and Pennsylvania Avenue 

NW., Washington, DC, on May 1, 2012 

at 11:30 a.m. of the following debt 

management advisory committee: 

Treasury Borrowing Advisory Committee of 

The Securities Industry and Financial 

Markets Association. 

The agenda for the meeting provides 

for a charge by the Secretary of the 

Treasury or his designate that the 

Committee discuss particular issues and 

conduct a working session. Following 

the working session, the Committee will 

present a written report of its 

recommendations. The meeting will be 

closed to the public, pursuant to 5 

U.S.C. App. 2, 10(d) and Public Law 

103–202, 202(c)(1)(B)(31 U.S.C. 3121 

note). 

This notice shall constitute my 

determination, pursuant to the authority 

placed in heads of agencies by 5 U.S.C. 

App. 2, 10(d) and vested in me by 

Treasury Department Order No. 101–05, 

that the meeting will consist of 

discussions and debates of the issues 

presented to the Committee by the 

Secretary of the Treasury and the 

making of recommendations of the 

Committee to the Secretary, pursuant to 

Public Law 103–202, 202(c)(1)(B). Thus, 

this information is exempt from 

disclosure under that provision and 5 

U.S.C. 552b(c)(3)(B). In addition, the 

meeting is concerned with information 

that is exempt from disclosure under 5 

U.S.C. 552b(c)(9)(A). The public interest 

requires that such meetings be closed to 

the public because the Treasury 

Department requires frank and full 

advice from representatives of the 

financial community prior to making its 

final decisions on major financing 

operations. Historically, this advice has 

been offered by debt management 

advisory committees established by the 

several major segments of the financial 

community. When so utilized, such a 

committee is recognized to be an 

advisory committee under 5 U.S.C. App. 

2, 3. 

Although the Treasury’s final 

announcement of financing plans may 

not reflect the recommendations 

provided in reports of the Committee, 

premature disclosure of the Committee’s 

deliberations and reports would be 

likely to lead to significant financial 

speculation in the securities market. 

Thus, this meeting falls within the 

exemption covered by 5 U.S.C. 

552b(c)(9)(A). 

Treasury staff will provide a technical 

briefing to the press on the day before 

the Committee meeting, following the 

release of a statement of economic 

conditions and financing estimates. This 

briefing will give the press an 

opportunity to ask questions about 

financing projections. The day after the 

Committee meeting, Treasury will 

release the minutes of the meeting, any 

charts that were discussed at the 

meeting, and the Committee’s report to 

the Secretary. 

The Office of Debt Management is 

responsible for maintaining records of 

debt management advisory committee 

meetings and for providing annual 

reports setting forth a summary of 

Committee activities and such other 

matters as may be informative to the 

public consistent with the policy of 5 

U.S.C. 552(b). The Designated Federal 

Officer or other responsible agency 

official who may be contacted for 

additional information is Fred 

Pietrangeli, Deputy Director for Office of 

Debt Management (202) 622–1876. 

Dated: April 9, 2012. 

Matthew S. Rutherford, 

Acting Assistant Secretary, Financial 

Markets. 

[FR Doc. 2012–8858 Filed 4–12–12; 8:45 am] 

BILLING CODE 4810–25–M 


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