Search Results for citation:"86 FR 10157"

Found 2 results

Search Results: citation:"86 FR 10157"

💰 Only
Oldest Newest
  • 2021-03210 — Agency Information Collection Activities; Submission for OMB Review; Comment Request
    💰
    Type:Notice
    Citation:86 FR 10157
    Reading Time:about 15 minutes

    The Office of the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation are seeking public comments on proposed updates to the Consolidated Reports of Condition and Income, also known as Call Reports. These updates, intended to remain effective through 2021, address changes in asset measurement dates due to temporary asset growth linked to relief programs from the COVID-19 pandemic. The modifications aim to help financial institutions manage reporting burdens by allowing them to use asset figures from either December 2019 or June 2020 for determining their reporting requirements for the upcoming year. The agencies are inviting feedback about the utility, accuracy, and potential burden of these changes as they move forward with the proposal.

    Simple Explanation

    The government wants to hear from people about new rules for banks to report the money they have. These rules let banks choose older numbers to make reporting easier during the pandemic, and the government wants to know if people think this plan is helpful or too complicated.

  • 2021-03377 — Sonoma-Marin Area Rail Transit District-Acquisition and Operation Exemption-North Coast Railroad Authority
    💰
    Type:Notice
    Citation:86 FR 10157
    Reading Time:about 2 minutes

    Sonoma-Marin Area Rail Transit District (SMART), a Class III rail carrier, has filed for an exemption to acquire and operate an 87.65-mile rail line from North Coast Railroad Authority (NCRA) in California. The transaction allows SMART to be the freight operator using a noncarrier contract operator and is expected to be completed on or after March 4, 2021. SMART assures that its annual revenues from the deal will not exceed $5 million and that there are no agreements limiting future connections with other carriers. This transaction is mostly exempt from environmental and historic preservation reviews.

    Simple Explanation

    SMART, a train company, wants to buy and run an 87.65-mile train track from another group in California called NCRA, and they promise their train business won't make more than $5 million a year. They also say that the deal mostly doesn't need to be checked for environmental or historic worries.