[Federal Register Volume 75, Number 235 (Wednesday, December 8, 2010)]
[Notices]
[Pages 76506-76508]
[FR Doc No: 2010-30721]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-63415; File No. SR-DTC-2010-16]

Self-Regulatory Organizations; The Depository Trust Company;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating To Extending the End-of-Day Cutoff Time for Processing to The
Federal Reserve and To Reflect Other Changes Requested by the Federal
Reserve

December 2, 2010.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ notice is hereby given that on November 18, 2010, The
Depository Trust Company (``DTC'') filed with the Securities and
Exchange Commission (``Commission'') the proposed rule change as
described in Items I and II below, which Items have been prepared
primarily by DTC. DTC filed the proposed rule change pursuant to
Section 19(b)(3)(A)(iii) of the Act \2\ and Rule 19b-4(f)(4) \3\
thereunder so that the proposal was effective upon filing with the
Commission. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \3\ 17 CFR 240.19b-4(f)(4).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The proposed rule change will extend the end of day cutoff time for
processing to the Federal Reserve and will reflect other changes
requested by the Federal Reserve.

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, DTC included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. DTC has prepared

summaries, set forth in sections A, B, and C below, of the most
significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    DTC's end-of-day settlement processing system controls and
coordinates the settlement of Participant accounts and Settling Bank
\4\ accounts on DTC's system. The settlement process occurs through the
Fedwire system and is initiated when DTC posts final figures for
Participants and Settling Banks. Recently, the Federal Reserve (``FR'')
reviewed their current collateral processes and identified
opportunities to improve the efficiency and timing of pledging
collateral. To implement those changes, the FR has requested that DTC
make revisions to its settlement schedule relating to the timing for
Participants to pledge collateral to a Federal Reserve Bank
(``FRB'').\5\ Additionally, the FR has requested that DTC consolidate
the pledge reasons used for discount window and daylight overdraft
payment system risk purposes.
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    \4\ The term ``Settling Bank'' means a DTC Participant that is a
bank or trust company subject to supervision or regulation pursuant
to Federal or State banking laws and is a party to an effective DTC
Settling Bank Agreement.
    \5\ The Pledge service allows a pledgor Participant to pledge
securities as collateral for a loan or for other purposes and also
to request the release of pledged securities. Pledges and releases
to a FRB are made free of value, which means that the securities are
pledged on DTC books but the funds side of the related transaction
is settled outside of DTC.
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    Specifically, the FR has requested that DTC remove the pledge code
05-Daylight (Funds) Overdraft to prevent the future use of this
code.\6\ Instead, Participants will use the pledge code 01- Discount
Window to submit pledges relating to daylight overdraft and relating to
the discount window.
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    \6\ DTC will modify the automated input file feed option with an
error message when requests are submitted with the purpose pledge
code 05-Daylight (Funds) Overdraft. The error message will let the
user know to use pledge code 01 instead.
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    Effective December 2, 2010, DTC will extend the end-of-day cutoff
time for processing pledges and releases to/from the FR from 3 \7\ p.m.
to 5 p.m. to facilitate late-day processing for depository
institutions.\8\ Effective December 10, 2010, DTC will consolidate the
pledge codes used for discount window and daylight overdraft payment
system risk purposes into one code. The extended period for pledge
affords greater flexibility in determining and securing liquidity needs
which may, among other matters, enhance DTC settlement and generally
help to minimize systemic risk. These accommodations will not adversely
affect DTC's settlement, including its processing schedule and other
cutoffs. These changes will necessitate revisions to the existing DTC
Settlement Service Guide and are attached to DTC's proposed rule change
as Exhibit 5.
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    \7\ All times refer to Eastern Time.
    \8\ Depository institutions maintaining a deposit account at an
FRB can make free pledges and release requests to the FRB. All DTC
bank participants that are members of the FR are automatically
eligible to pledge securities to FRBs that are DTC pledgees using
the participant/non-participant pledge facility. DTC allows non-
participants to pledge collateral to FRBs through DTC bank
participants.
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    Additionally, DTC is making unrelated technical changes to the
Settlement Service Guide to conform to certain rule changes that have
previously been filed with the Commission.\9\ These changes include
modifications to the Settlement Processing schedule as well as removing
certain input methods that no longer exist and are detailed in the
attached Exhibit 5.
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    \9\ In 2004, the Commission approved a filing in which all
reclaims of valued Money Market Instrument (``MMI'') issuance
transactions received by DTC after 2:30 p.m. are treated as
``unmatched'' and are subject to all original transaction-processing
rules. Securities Exchange Act Release No. 50006 (July 19, 2004), 69
FR 43042 (June 12, 2004) (File No. SR-DTC-04-03). In 2009, DTC
enhanced its systems in order to provide Issuing Paying Agents
(``IPAs'') with the ability to monitor their credit exposure to MMI
issuers through an IPA Maturity Presentment ``Pend'' function.
Securities Exchange Act Release No. 59695 (Apr. 2, 2009), 74 FR 7714
(Feb. 19, 2009) (File No. SR-DTC-2009-02). In 2010, DTC implemented
a new function that allows DTC Participants to set a profile in the
Participant Browser System so that they can request that excess
funds be wired to their settling bank account at approximately 3:20
p.m. Securities Exchange Act Release No. 61922 (Apr. 15, 2010), 75
FR 21072 (Apr. 22, 2010) (File No. SR-DTC-2010-07). DTC is updating
its Service Guide to further reflect these changes. DTC is also
updating the Settlement Service Guide to reflect proper contact
information and provide definitions of certain terms.
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    DTC states that the proposed rule change is consistent with the
requirements of Section 17A of the Act \10\ and the rules and
regulations thereunder applicable to DTC because the proposed rule
change will promote the prompt and accurate clearance and settlement of
securities transactions because it aligns its cutoff time for
processing pledges and releases to and from an FRB with the timing for
the processing of pledges in the market generally.
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    \10\ 15 U.S.C. 78q-1.
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B. Self-Regulatory Organization's Statement on Burden on Competition

    DTC does not believe that the proposed rule change will have any
impact or impose any burden on competition.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

    DTC has not solicited or received written comments relating to the
proposed rule change. DTC will notify the Commission of any written
comments it receives.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    The foregoing rule change has become effective upon filing pursuant
to Section 19(b)(3)(A)(iii) of the Act \11\ and Rule 19b-4(f)(4) \12\
because the proposed rule change effects a change in an existing
service of DTC that (i) does not adversely affect the safeguarding of
securities or funds in DTC's custody or control or for which it is
responsible and (ii) does not significantly affect the respective
rights of DTC or persons using the service. At any time within 60 days
of the filing of the proposed rule change, the Commission summarily may
temporarily suspend such rule change if it appears to the Commission
that such action is necessary or appropriate in the public interest,
for the protection of investors, or otherwise in furtherance of the
purposes of the Act.
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    \11\ Supra note 2.
    \12\ Supra note 3.
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's Internet comment form http://www.sec.gov/rules/sro.shtml or
     Send an e-mail to<EMAIL_ADDRESS>Please include
File No. SR-DTC-2010-16 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.

All submissions should refer to File No. SR-DTC-2010-16. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's

Internet Web site http://www.sec.gov/rules/sro.shtml. Copies of the
submission, all subsequent amendments, all written statements with
respect to the proposed rule change that are filed with the Commission,
and all written communications relating to the proposed rule change
between the Commission and any person, other than those that may be
withheld from the public in accordance with the provisions of 5 U.S.C.
552, will be available for Web site viewing and printing in the
Commission's Public Reference Room, 100 F Street, NE., Washington, DC
20549, on official business days between the hours of 10 a.m. and 3
p.m. Copies of such filings also will be available for inspection and
copying at DTC's principal office and DTC's Web site at http://www.dtc.org/impNtc/mor/index.html. All comments received will be posted
without change; the Commission does not edit personal identifying
information from submissions. You should submit only information that
you wish to make available publicly. All submissions should refer to
File No. SR-DTC-2010-16 and should be submitted on or before December
29, 2010.

    For the Commission by the Division of Trading and Markets,
pursuant to delegated authority.\13\
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    \13\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-30721 Filed 12-7-10; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 88, Number 107 (Monday, June 5, 2023)]
[Notices]
[Page 36607]
[FR Doc No: 2023-11878]

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DEPARTMENT OF HOMELAND SECURITY

Coast Guard

[Docket No. USCG-2021-0345]

Port Access Route Study: The Pacific Coast From Washington to
California

AGENCY: Coast Guard, DHS.

ACTION: Notice of availability of study.

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SUMMARY: The Coast Guard announces the availability of the study
results of the Pacific Coast Port Access Route Study. This study
evaluated safe access routes for the movement of vessel traffic
proceeding to or from ports or places along the western seaboard of the
United States. As a result of the study data and public input, the
Coast Guard recommends the establishment of voluntary shipping fairways
(``fairway'') for coastwise and nearshore vessel traffic to promote the
safe, unobstructed navigation of vessels in the study area.

FOR FURTHER INFORMATION CONTACT: For information about this document
call or email LCDR Sara Conrad, Coast Guard Pacific Area (PAC-54), U.S.
Coast Guard; telephone<PHONE_NUMBER>, email [email protected] or
Mr. Tyrone Conner, Eleventh Coast Guard District (dpw), U.S. Coast
Guard; telephone<PHONE_NUMBER>, email [email protected] or Mr.
John Moriarty, Thirteenth Coast Guard District (dpw), U.S. Coast Guard;
telephone<PHONE_NUMBER>, email [email protected].

SUPPLEMENTARY INFORMATION:

Background

    The Ports and Waterways Safety Act, (PWSA)(46 U.S.C. 70003(c)(1)),
authorizes the Commandant of the Coast Guard to designate necessary
fairways and traffic separations schemes (TSSs) to provide safe access
routes for vessels proceeding to and from United States ports. The
designation of fairways and TSSs recognizes the paramount right of
navigation over all other uses in the designated areas.
    Before establishing or adjusting fairways, 46 U.S.C. 70003(c)(1)
requires the Coast Guard to study potential traffic density and assess
the need for safe access routes for vessels. During this process, the
Coast Guard considers the views of the maritime community,
environmental groups, and other stakeholders to reconcile the need for
safe access routes with reasonable waterway uses. See 46 U.S.C.
70003(c)(3).
    On July 28, 2021, the Coast Guard announced that the Coast Guard
Pacific Area Command would conduct a Pacific Coast Port Access Route
Study (PAC-PARS). 86 FR 40791. The study area encompassed all vessel
traffic patterns approaching and departing major ports along the west
coast to include all current Traffic Separation Schemes and vessel
maneuvering along the Pacific Coast from Washington to California and
all federal navigable waters out to the EEZ. The PAC-PARS was focused
on vessel traffic and navigation mitigation techniques to improve and
support safe navigation transits within the major Pacific Coast Ports
and the United States EEZ.
    The PAC-PARS aimed to enhance navigational safety by examining
existing shipping routes and waterway uses and, to the extent
practicable, reconciling the paramount right of navigation within
designated port access routes with other waterway uses such as the
development of aquaculture farms, offshore renewable energy, commercial
space ports/re-entry sites, marine sanctuaries, ports supporting
Panamax vessels, potential LNG ports and additional commercial vessel
traffic.
    On August 26, 2022, the Coast Guard published a draft study
containing recommended routing measures and requested public comments.
After examining stakeholder responses to the draft recommendations,
analyzing current and historical vessel traffic, fishing vessel
information, agency and stakeholder experience in vessel traffic
management, navigation, ship handling, and effects of weather, the
study determined that there is a need to establish voluntary fairways
for coastwise and nearshore vessel traffic to promote safety of
navigation in the study area. As part of the PAC-PARS Final Report,
which is available for public review in this docket, charts of the
recommended fairways are included as Appendices I, II, and III.
Examples of public notice and outreach documents are included in
Appendices IV-X. Two vessel traffic analyses, for coastal waters and
port approaches, are included as Enclosures 1 and 2, respectively.
Earlier Federal Register announcements associated with this effort are
included as Enclosures 3-5. Enclosure 6 contains the Public Comments
adjudication included in the Draft Study. Finally, the three
recommendation memorandums from each Coast Guard command involved in
this study are provided in Enclosures 7, 8, and 9.
    The Final Study, appendices, and enclosures can also be found at
the Coast Guard Navigation Center website Port Access Route Studies
[bond] Navigation Center (uscg.gov).
    This notice is issued under authority of 46 U.S.C. 70003(c)(1).

    Dated: May 25, 2023.
A.J. Tiongson,
Vice Admiral, U.S. Coast Guard, Commander, Pacific Area.
[FR Doc. 2023-11878 Filed 6-2-23; 8:45 am]
BILLING CODE 9110-04-P


[Federal Register Volume 84, Number 246 (Monday, December 23, 2019)]
[Notices]
[Page 70618]
[FR Doc No: 2019-27660]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

[Summary Notice No. FAA-2019-82]

Petition for Exemption; Summary of Petition Received; Spirit
Airlines

AGENCY: Federal Aviation Administration (FAA), Department of
Transportation (DOT).

ACTION: Notice.

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SUMMARY: This notice contains a summary of a petition seeking relief
from specified requirements of Federal Aviation Regulations. The
purpose of this notice is to improve the public's awareness of, and
participation in, the FAA's exemption process. Neither publication of
this notice nor the inclusion or omission of information in the summary
is intended to affect the legal status of the petition or its final
disposition.

DATES: Comments on this petition must identify the petition docket
number and must be received on or before January 13, 2020.

ADDRESSES: Send comments identified by docket number FAA-2019-0826
using any of the following methods:
     Federal eRulemaking Portal: Go to http://www.regulations.gov and follow the online instructions for sending your
comments electronically.
     Mail: Send comments to Docket Operations, M-30; U.S.
Department of Transportation, 1200 New Jersey Avenue SE, Room W12-140,
West Building Ground Floor, Washington, DC 20590-0001.
     Hand Delivery or Courier: Take comments to Docket
Operations in Room W12-140 of the West Building Ground Floor at 1200
New Jersey Avenue SE, Washington, DC 20590-0001, between 9 a.m. and 5
p.m., Monday through Friday, except Federal holidays.
     Fax: Fax comments to Docket Operations at<PHONE_NUMBER>.
    Privacy: In accordance with 5 U.S.C. 553(c), DOT solicits comments
from the public to better inform its rulemaking process. DOT posts
these comments, without edit, including any personal information the
commenter provides, to http://www.regulations.gov, as described in the
system of records notice (DOT/ALL-14 FDMS), which can be reviewed at
http://www.dot.gov/privacy.
    Docket: Background documents or comments received may be read at
http://www.regulations.gov at any time. Follow the online instructions
for accessing the docket or go to the Docket Operations in Room W12-140
of the West Building Ground Floor at 1200 New Jersey Avenue SE,
Washington, DC 20590-0001, between 9 a.m. and 5 p.m., Monday through
Friday, except Federal holidays.

FOR FURTHER INFORMATION CONTACT: Justin Barcas<PHONE_NUMBER>, Office
of Rulemaking, Federal Aviation Administration, 800 Independence Avenue
SW, Washington, DC 20591.
    This notice is published pursuant to 14 CFR 11.85.

    Issued in Washington, DC, on December 17, 2019.
Brandon Roberts,
Acting Executive Director, Office of Rulemaking.

Petition for Exemption

    Docket No.: FAA-2019-0826.
    Petitioner: Spirit Airlines (Spirit).
    Section(s) of 14 CFR Affected: Sec.  121.571(b)(3).
    Description of Relief Sought: Spirit is seeking relief from 14 CFR
121.571(b)(3), which mandates that each certificate holder must carry
on each passenger-carrying airplane printed cards supplementing the
oral briefing that contain the following information pertinent only to
the type and model of airplane used for that flight:
    ``Final assembly of this airplane was completed in [INSERT NAME OF
COUNTRY].'' Spirit is proposing to list all possible countries of final
assembly for the type and model of airplane operated by Spirit on each
required printed safety information card.

[FR Doc. 2019-27660 Filed 12-20-19; 8:45 am]
 BILLING CODE 4910-13-P


[Federal Register: February 24, 2010 (Volume 75, Number 36)]
[Notices]
[Page 8427-8428]
[DOCID:fr24fe10-163]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Civil Supersonic Aircraft Panel Discussion

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice of meeting participation.

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SUMMARY: This notice advises interested persons that the FAA is
participating in a panel session on civil supersonic aircraft research.
The session will include presentations on current research programs and
a question and answer session for attendees. The FAA is seeking to
raise public awareness of the continuing technological advances in
supersonic aircraft technology aimed at reducing the intensity of sonic
boom.

DATES: The public session will take place on Wednesday, April 21, 2010.
The panel discussion is from 7 p.m. to 8:30 p.m. in Baltimore,
Maryland.

ADDRESSES: The symposium is sponsored by the joint meeting of the 159th
Acoustical Society of America and NOISE-CON 2010 and it will be held at
the Baltimore Marriott Waterfront Hotel, Grand Ballroom V, 700
Aliceanna Street, Baltimore, MD 21202. Attendance is open to all
interested parties, and there are no fees to attend this session.

FOR FURTHER INFORMATION CONTACT: Laurette Fisher, Office of Environment
and Energy (AEE-100), Federal Aviation Administration, 800 Independence
Avenue, SW., Washington, DC 20591; facsimile<PHONE_NUMBER>, telephone
(202) 267-3561.
    Background: Since March 1973, supersonic flight over land by civil
aircraft has been prohibited in the United States. The Concorde was the
only civil supersonic airplane that offered service to the United
States, but that airplane is no longer in service.
    The interest in supersonic aircraft technology has not disappeared.
Current research is dedicated toward reducing the impact of sonic booms
as they reach the ground, in an effort to make overland flight
acceptable. Recent research has produced promising results for low boom
intensity, and has renewed interest in developing supersonic civil
aircraft that could be considered environmentally acceptable for
supersonic flight over land.
    The FAA led its first panel discussion entitled, ``State of the Art
of Supersonics Aircraft Technology--What has progressed in science
since 1973,'' in Chicago, IL on Friday, October 24, 2008, as part of
the O'Hare Noise Compatibility Commission Symposium. The second panel
discussion was held in Palm Springs, CA on Sunday, March 1, 2009, as
part of the Annual University of California Symposium on Aviation Noise
and Air Quality.
    The FAA's third presentation and panel discussion will take place
on Wednesday, April 21, 2010, as part of the joint meeting of the 159th
Acoustical Society of America and

NOISE-CON 2010. It will be held at the Baltimore Marriott Waterfront
Hotel, Grand Ballroom V, 700 Aliceanna Street, Baltimore, Maryland
21202.
    The purpose of this panel session is to raise public awareness on
advances in supersonic technology, and for the FAA, the National
Aeronautics and Space Administration (NASA), and industry to get
feedback from interested persons.
    Public involvement is essential in any future definition of an
acceptable new standard that would allow supersonic flights over land.
We anticipate that this will be the second of many meetings informing
the public on developments in the research of shaped sonic booms and
other technical and environmental challenges that need to be addressed
in developing a new supersonic airplane.
    More information about the ASA/NOISE-CON joint meeting can be found
at: http://asa.aip.org/Baltimore/Baltimore.html and http://
www.inceusa.org/NC10/.

    Issued in Washington, DC on February 18, 2010.
Lourdes Q. Maurice,
Acting Director of Environment and Energy.
[FR Doc. 2010-3726 Filed 2-23-10; 8:45 am]
BILLING CODE 4910-13-P