70932 Federal Register / Vol. 79, No. 229 / Friday, November 28, 2014 / Notices 

If the verified notice contains false or 

misleading information, the exemption 

is void ab initio. 

Board decisions and notices are 

available on our Web site at 

www.stb.dot.gov. 

Decided: November 24, 2014. 

By the Board, Rachel D. Campbell, 

Director, Office of Proceedings. 

Brendetta S. Jones, 

Clearance Clerk. 

[FR Doc. 2014–28118 Filed 11–26–14; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF TRANSPORTATION 

Surface Transportation Board 

[Docket No. FD 35872] 

Everett Railroad Company and 

Hollidaysburg and Roaring Spring 

Railroad Company—Intra-Corporate 

Family Transaction Exemption 

Everett Railroad Company (Everett) 

and Hollidaysburg and Roaring Spring 

Railroad Company (Hollidaysburg) 

(collectively, Applicants) have jointly 

filed a verified notice of exemption 

under 49 CFR 1180.2(d)(3) for a 

corporate family transaction. 

Applicants state that Everett and 

Hollidaysburg are Class III rail carriers 

under the control of Alan W. Maples. 

The transaction involves the merger of 

Everett and Hollidaysburg, with Everett 

emerging as the surviving rail carrier. 

According to Applicants, the purpose 

of the transaction is to streamline 

administration and enhance the 

financial condition of two railroads that 

are already largely integrated by 

consolidating the two into a single 

company. Applicants state that the 

proposed merger will eliminate the need 

for the preparation of separate tax 

returns for Everett and Hollidaysburg 

and the need for the two companies to 

maintain separate corporate records. 

Applicants state that there also are 

certain operational and recordkeeping 

advantages to the transaction. 

Unless stayed, the exemption will be 

effective on December 14, 2014 (30 days 

after the verified notice was filed). 

Applicants state that they plan to 

consummate the proposed transaction 

on or after December 14, 2014. 

This is a transaction within a 

corporate family of the type specifically 

exempted from prior review and 

approval under 49 CFR 1180.2(d)(3). 

Applicants state that the transaction 

will not result in adverse changes in 

service levels, significant operational 

changes, or changes in the competitive 

balance with carriers outside the 

corporate family. 

Under 49 U.S.C. 10502(g), the Board 

may not use its exemption authority to 

relieve a rail carrier of its statutory 

obligation to protect the interests of its 

employees. Section 11326(c), however, 

does not provide for labor protection for 

transactions under §§ 11324 and 11325 

that involve only Class III rail carriers. 

Accordingly, the Board may not impose 

labor protective conditions here, 

because the transaction involves only 

Class III rail carriers. 

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 exemption. 

Petitions for stay must be filed no later 

than December 5, 2014 (at least seven 

days before the exemption becomes 

effective). 

An original and 10 copies of all 

pleadings, referring to Docket No. FD 

35872, must be filed with the Surface 

Transportation Board, 395 E Street SW., 

Washington, DC 20423–0001. In 

addition, one copy of each pleading 

must be served on Robert A. Wimbish, 

Fletcher & Sippel LLC, 29 North Wacker 

Drive, Suite 920, Chicago, IL 60606– 

2832. 

Board decisions and notices are 

available on our Web site at 

WWW.STB.DOT.GOV. 

Decided: November 24, 2014. 

By the Board, Rachel D. Campbell, 

Director, Office of Proceedings. 

Brendetta S. Jones, 

Clearance Clerk. 

[FR Doc. 2014–28123 Filed 11–26–14; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF THE TREASURY 

Departmental Offices 

Proposed Collection; Comment 

Request 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork burdens, invites 

the general public and other Federal 

agencies to comment on revisions in 

2015 of a currently approved 

information collection that is proposed 

for approval by the Office of 

Management and Budget. The Office of 

International Affairs within the 

Department of the Treasury is soliciting 

comments concerning the revision of 

the Treasury International Capital (TIC) 

Form SHL/SHLA. 

DATES: Written comments should be 

received on or before January 27, 2015 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Dwight Wolkow, International 

Portfolio Investment Data Systems, 

Department of the Treasury, Room 5422 

MT, 1500 Pennsylvania Avenue NW., 

Washington, DC 20220. In view of 

possible delays in mail delivery, you 

may also wish to send a copy to Mr. 

Wolkow by email (comments2TIC@

do.treas.gov) or FAX (202–622–2009). 

Mr. Wolkow can also be reached by 

telephone (202–622–1276). 

FOR FURTHER INFORMATION CONTACT: 

Copies of the proposed form and 

instructions are available at Part II of the 

Treasury International Capital (TIC) 

Forms Web page ‘‘Forms SHL/SHLA & 

SHC/SHCA’’, at: http://

www.treasury.gov/resource-center/datachart-center/tic/Pages/forms-sh.aspx. 

Requests for additional information 

should be directed to Mr. Wolkow. 

SUPPLEMENTARY INFORMATION: 

Title: Treasury International Capital 

(TIC) Form SHL/SHLA, ‘‘ForeignResidents’ Holdings of U.S. Securities, 

including Selected Money Market 

Instruments’’. 

OMB Control Number: 1505–0123. 

Abstract: This form collects foreignresidents’ holdings of U.S. securities. 

These data are used by the U.S. 

Government in the formulation of 

international financial and monetary 

policies, and for the computation of the 

U.S. balance of payments accounts and 

of the U.S. international investment 

position. These data are also used to 

provide information to the public and to 

meet international reporting 

commitments. The data collection 

includes large benchmark surveys 

conducted every five years, and smaller 

annual surveys conducted in the nonbenchmark years. The data collected 

under an annual survey are used in 

conjunction with the results of the 

preceding benchmark survey to make 

economy-wide estimates for that nonbenchmark year. Currently, the 

determination of who must report in the 

annual surveys is based primarily on the 

data submitted during the preceding 

benchmark survey. The data requested 

in the annual survey will generally be 

the same as requested in the preceding 

benchmark report. Form SHL is used for 

the benchmark survey of all significant 

U.S.-resident custodians and U.S.- 

resident issuers of securities regarding 

foreign-residents’ holdings of U.S. 

securities. In non-benchmark years, 

Form SHLA is used for the annual 

surveys of primarily the largest U.S.- 

resident custodians and issuers. 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 229 / Friday, November 28, 2014 / Notices 70933 

Current Actions: The proposed 

changes will: (1) Modify the 

determination of who must report on 

the annual surveys to include 

consideration of those filing the 

monthly TIC Form SLT report; (2) 

streamline Forms SHL/SHLA to provide 

consistency among the annual surveys 

and the TIC Form SLT (details of the 

changes follow below); and (3) update 

and clarify the instructions, including 

updating how to submit reports and the 

line-by-line instructions. The changes 

will improve overall survey reporting. 

The remainder of the Current Actions 

section shows in more detail the 

proposed changes to streamline Form 

SHL/SHLA, organized by schedule. 

The following changes apply to 

Schedule 1: Reporter Contact 

Information and Summary of Financial 

Information: 

a. Minor changes in wording 

concerning the reporter’s identification 

number, name, and contacts. 

b. Lines that previously lacked 

numbers now have them, resulting in 

renumbering of subsequent lines. 

c. In ‘‘Reporter Type’’: ‘‘Banks’’ is 

replaced with ‘‘Depository Institution’’, 

‘‘Mutual fund or investment trust’’ is 

replaced with ‘‘Fund/Fund Manager/

Sponsor (excluding pension fund)’’, and 

‘‘Other Financial Organization’’ is 

specified to include ‘‘BHCs (Bank 

Holding Companies) and FHCs 

(Financial Holding Companies)’’. The 

category ‘‘Pension Fund’’ is added. 

d. The line for a contact fax number 

is eliminated. 

The following changes apply to 

Schedule 2: Details of Securities: 

a. Minor changes in wording 

throughout to remove instruction 

comments. 

b. Lines are renumbered 

c. The line for ‘‘Security ID System’’ 

is now consistent across Forms SHCA 

and SHLA. The new categories are: 1 = 

CUSIP, 2 = ISIN, 3 = CINS, 4 = Common 

Code, 5 = SEDOL, 6 = Internally 

Generated, and 7 = Other. 

d. The lines applying to debt 

securities (including asset-backed 

securities) are reorganized, though the 

substance of the information to be 

reported remains unchanged. 

e. The ‘‘Term Indicator’’ line is 

eliminated. 

f. The ‘‘Intentionally Left Blank’’ lines 

are eliminated. 

g. ‘‘Market values’’ is replaced by 

‘‘Fair values’’. 

h. Within ‘‘Type of Issuer’’: ‘‘Other’’ is 

eliminated and the categories of 

‘‘Depository Institution’’, ‘‘Other 

Financial Organization (including BHC 

and FHC)’’, and ‘‘Nonfinancial 

Organization’’ are added. 

i. The ‘‘Issuer Code’’ is renamed to 

‘‘Reporting As’’. 

j. For Schedule 2, electronic filing is 

required if 100 or more records are 

submitted, revised from the previous 

200 or more records. 

k. Minor changes in wording 

throughout to remove instruction 

comments. 

l. Change in Electronic Submission 

Method: Reporting Central is replacing 

the Internet Electronic Submission 

(IESUB) application. The Federal 

Reserve developed Reporting Central to 

enhance the overall reporting 

functionality of the Federal Reserve 

Banks’ data collection and processing 

activities. These enhancements will 

allow for a more secure, technically 

advanced, and efficient system that will 

encompass a single point of entry for 

electronic submission and file uploads. 

Additional information about the 

Reporting Central application, including 

an online resource center, is available 

at: https://www.frbservices.org/

centralbank/reportingcentral/

index.html, or from your contact at the 

Federal Reserve Bank of New York. 

Type of Review: Revision of a 

currently approved data collection. 

Affected Public: Business/Financial 

Institutions. 

Form: TIC SHL/SHLA, Schedules 1 

and 2 (1505–0123). 

Estimated Number of Respondents: 

An annual average (over five years) of 

191, but this varies widely from about 

540 in benchmark years (once every five 

years) to about 104 in other years (four 

out of every five years). 

Estimated Average Time per 

Respondent: An annual average (over 

five years) of about 168 hours, but this 

will vary widely from respondent to 

respondent. (a) In the year of a 

benchmark survey, which is conducted 

once every five years, it is estimated that 

exempt respondents will require an 

average of 17 hours; for custodians of 

securities, the estimate is a total of 321 

hours on average, but this figure will 

vary widely for individual custodians; 

and for issuers of securities that have 

data to report and are not custodians, 

the estimate is 61 hours on average. (b) 

In a non-benchmark year, which occurs 

four years out of every five years, it is 

estimated that the largest custodians of 

securities will require a total of 486 

hours on average; and for the largest 

issuers of securities that have data to 

report and are not custodians, the 

estimate is 110 hours on average. The 

exemption level for custodians and for 

end-investors is the holding of less than 

$100 million in reportable U.S. 

securities owned by foreign residents. 

The exemption level applies only in 

benchmark years. 

Estimated Total Annual Burden 

Hours: An annual average (over five 

years) of 32,050 hours. 

Frequency of Response: Annual. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for Office of Management and 

Budget approval. All comments will 

become a matter of public record. The 

public is invited to submit written 

comments concerning: (a) Whether the 

Survey is necessary for the proper 

performance of the functions of the 

Office of International Affairs within the 

Department of the Treasury, including 

whether the information collected will 

have practical uses; (b) the accuracy of 

the above estimate of the burdens; (c) 

ways to enhance the quality, usefulness 

and clarity of the information to be 

collected; (d) ways to minimize the 

reporting and/or record keeping burdens 

on respondents, including the use of 

information technologies to automate 

the collection of the data requested; and 

(e) estimates of capital or start-up costs 

of operation, maintenance and purchase 

of services to provide the information 

requested. 

Dwight Wolkow, 

Administrator, International Portfolio 

Investment Data Systems. 

[FR Doc. 2014–28121 Filed 11–26–14; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

November 24, 2014. 

The Department of the Treasury will 

submit the following information 

collection requests to the Office of 

Management and Budget (OMB) for 

review and clearance in accordance 

with the Paperwork Reduction Act of 

1995, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before December 29, 2014 to be 

assured of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestions for reducing the burden, to 

(1) Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Attention: Desk Officer for 

Treasury, New Executive Office 

Building, Room 10235, Washington, DC 

20503, or email at OIRA_Submission@

OMB.EOP.gov and (2) Treasury PRA 

Clearance Officer, 1750 Pennsylvania 


tkelley on DSK3SPTVN1PROD with NOTICES