66980 Federal Register / Vol. 77, No. 217 / Thursday, November 8, 2012 / Notices 

1The methodology for computing imputed profit 

and imputed costs was changed for 2013 (see 

Attachment I). This change follows the elimination 

of the clearing balance program (77 FR 21846, April 

12, 2012). In the 2012 methodology, investment 

income is imputed and netted with related direct 

costs associated with clearing balances to estimate 

net income on clearing balances (NICB). 

2The ten-year recovery rate is based on the pro 

forma income statement for Federal Reserve priced 

services published in the Board’s Annual Report. 

Effective December 31, 2006, the Reserve Banks 

implemented Statement of Financial Accounting 

Standards (SFAS) No. 158: Employers’ Accounting 

for Defined Benefit Pension and Other 

Postretirement Plans [Accounting Standards 

Codification (ASC) 715 Compensation—Retirement 

Benefits], which resulted in recognizing a reduction 

in equity related to the priced services’ benefit 

plans. Including this reduction in equity results in 

cost recovery of 95.3 percent for the ten-year period. 

This measure of long-run cost recovery is also 

published in the Board’s Annual Report. 

3Over this period, the Reserve Banks have 

undertaken a range of cost-reduction and revenuegeneration initiatives as part of their long-term 

business strategy. These initiatives have included 

streamlining management structures, reducing 

disclose facts or considerations which 

indicate that the settlement is 

inappropriate, improper, or inadequate. 

ADDRESSES: Copies of the settlement are 

available from Ms. Paula V. Painter. 

Submit your comments by Site name 

Ellis Road/American Electric 

Corporation Site by one of the following 

methods: 

• www.epa.gov/region4/superfund/ 

programs/enforcement/ 

enforcement.html. 

• Email. Painter.Paula@epa.gov. 

• U.S. Environmental Protection 

Agency, 61 Forsyth Street SW., Atlanta, 

Georgia 30303. 

FOR FURTHER INFORMATION CONTACT: 

Paula V. Painter at 404/562–8887. 

Dated: October 18, 2012. 

Anita L. Davis, 

Chief, Superfund Enforcement & Information 

Management Branch, Superfund Division. 

[FR Doc. 2012–27321 Filed 11–7–12; 8:45 am] 

BILLING CODE 6560–50–P 

EXPORT-IMPORT BANK OF THE 

UNITED STATES 

Sunshine Act Meeting; Notice of a 

Partially Open Meeting of the Board of 

Directors of the Export-Import Bank of 

the United States 

TIME AND PLACE: Thursday, November 

15, 2012 at 9:30 a.m. The meeting will 

be held at Ex-Im Bank in Room 321, 811 

Vermont Avenue NW., Washington, DC 

20571. 

OPEN AGENDA ITEMS: Item No. 1: Ex-Im 

Bank Advisory Committee for 2013. 

Note: This item was originally 

scheduled for discussion on November 

1, 2012. However, the meeting was 

cancelled due to Federal Government 

closures because of inclement weather 

earlier in the week. 

PUBLIC PARTICIPATION: The meeting will 

be open to public observation for Item 

No. 1 only. 

FURTHER INFORMATION: For further 

information, contact: Office of the 

Secretary, 811 Vermont Avenue NW., 

Washington, DC 20571, (202) 565–3336. 

Lisa V. Terry, 

Assistant General Counsel. 

[FR Doc. 2012–27474 Filed 11–7–12; 8:45 am] 

BILLING CODE 6690–01–P 

FEDERAL MINE SAFETY AND HEALTH 

REVIEW COMMISSION 

Sunshine Act Notice 

November 2, 2012. 

TIME AND DATE: 1:00 p.m., Friday, 

November 16, 2012. 

PLACE: The Richard V. Backley Hearing 

Room, Room 511N, 1331 Pennsylvania 

Avenue NW., Washington, DC 20004 

(entry from F Street entrance). 

STATUS: Open. 

MATTERS TO BE CONSIDERED: The 

Commission will consider and act upon 

the following in open session: Secretary 

of Labor v. The American Coal Co., 

Docket No. LAKE 2010–408–R. (Issues 

include whether the Administrative 

Law Judge erred in vacating an order 

issued under section 103(k) of the Mine 

Act, 30 U.S.C. 813(k).) 

Any person attending this meeting 

who requires special accessibility 

features and/or auxiliary aids, such as 

sign language interpreters, must inform 

the Commission in advance of those 

needs. Subject to 29 CFR 2706.150(a)(3) 

and 2706.160(d). 

CONTACT PERSON FOR MORE INFO: Jean 

Ellen, (202) 434–9950/(202) 708–9300 

for TDD Relay/1–800–877–8339 for toll 

free. 

Emogene Johnson, 

Administrative Assistant. 

[FR Doc. 2012–27322 Filed 11–6–12; 11:15 am] 

BILLING CODE 6735–01–P 

FEDERAL RESERVE SYSTEM 

[Docket No. OP–1448] 

Federal Reserve Bank Services 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) has 

approved the private sector adjustment 

factor (PSAF) for 2013 of $14.1 million 

and the 2013 fee schedules for Federal 

Reserve priced services and electronic 

access. These actions were taken in 

accordance with the requirements of the 

Monetary Control Act of 1980, which 

requires that, over the long run, fees for 

Federal Reserve priced services be 

established on the basis of all direct and 

indirect costs, including the PSAF. 

DATES: The new fee schedules become 

effective January 2, 2013. 

FOR FURTHER INFORMATION CONTACT: For 

questions regarding the fee schedules: 

Susan V. Foley, Associate Director, 

(202/452–3596); Samantha J. Pelosi, 

Manager, Retail Payments, (202/530– 

6292); Linda S. Healey, Senior Financial 

Services Analyst, (202/452–5274), 

Division of Reserve Bank Operations 

and Payment Systems. For questions 

regarding the PSAF and earnings credits 

on clearing balances: Gregory L. Evans, 

Deputy Associate Director, (202/452– 

3945); Brenda L. Richards, Manager, 

Financial Accounting, (202/452–2753); 

or John W. Curle, Senior Financial 

Analyst, (202/452–3916), Division of 

Reserve Bank Operations and Payment 

Systems. For users of 

Telecommunications Device for the Deaf 

(TDD) only, please call 202/263–4869. 

Copies of the 2013 fee schedules for the 

check service are available from the 

Board, the Federal Reserve Banks, or the 

Reserve Banks’ financial services web 

site at www.frbservices.org. 

SUPPLEMENTARY INFORMATION: 

I. Private Sector Adjustment Factor and 

Priced Services 

A. Overview—Each year, as required 

by the Monetary Control Act of 1980, 

the Reserve Banks set fees for priced 

services provided to depository 

institutions. These fees are set to 

recover, over the long run, all direct and 

indirect costs and imputed costs, 

including financing costs, taxes, and 

certain other expenses, as well as the 

return on equity (profit) that would have 

been earned if a private business firm 

provided the services. The imputed 

costs and imputed profit are collectively 

referred to as the PSAF.1 From 2002 

through 2011, the Reserve Banks 

recovered 98.6 percent of their total 

expenses (including imputed costs) and 

targeted after-tax profits or return on 

equity (ROE) for providing priced 

services.23


tkelley on DSK3SPTVN1PROD with NOTICES