Voglio sapere a riguardo di…

Federal Register / Vol. 86, No. 85 / Wednesday, May 5, 2021 / Proposed Rules The burden of the information collections in this proposed rule is estimated as follows:
Estimated total annual reporting and/
or recordkeeping burden: 200 hours.
Estimated average annual burden per respondent: 1 hour.
Estimated number of respondents:
200.
Estimated annual frequency of responses: Annually.
Under the PRA, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid control number assigned by the Office of Management and Budget.
Regulatory Flexibility Act Analysis It is hereby certified that the proposed revisions will not have a significant economic impact on a substantial number of small entities. First and foremost, the regulations do not directly regulate any entities. The redemption of uncurrent, bent, or partial coins is a discretionary service offered to the public; participation is voluntary.
Second, the number of entities tendering significant quantities of coins for redemption is small. A large number of entities redeeming coins are individuals. A wide variety of businesses, such as municipal entities, recyclers, coin processors, amusement parks, auto shops, and waste management companies, also have applied for coins to be redeemed in the past. With the proposed limit of 1,000
lbs. per month, that is, at most, equivalent to $240,000 a year. In Fiscal Years FY 2014, 2013, and 2012, the United States Mint paid only nine entities more than $240,000. In FY 2011, there were 14, and FY 2010 there were 12. With respect to the proposed ban on coins imported from outside the United States, about 20 applicants listed overseas as the source of their coins on their applications submitted from 2018 to 2019. With respect to the proposed ban on coins that have been through industrial processes, about 20
applicants listed recycling as the source of their coins on their applications submitted from 2018 to 2019.
Even if each entity qualified as a small entity within the meaning of 5
U.S.C. 605b, based on a review of past applications as described above, the United States Mint does not believe that the proposed revisions are likely to have a significant economic impact. The proposed rule does not change the redemption rates. Moreover, the regulations already require coins to be readily and clearly identifiable as to genuineness and denomination. The
VerDate Sep<11>2014

16:56 May 04, 2021

Jkt 253001

proposed revisions seek to provide guidance from the United States Mints experience of coins that by their nature are difficult to evaluate and cannot be readily and clearly identifiable as genuine. Notwithstanding this certification, the United States Mint invites comments on the impacts this rule may have on small entities.
IV. Request for Comment Before the proposed revisions to the Treasury Regulations at 31 CFR part 100, subpart C, are adopted as final regulations, the United States Mint will consider any comments that are submitted to the bureau as prescribed in this preamble under the DATES and ADDRESSES sections. The United States Mint and the Department of the Treasury request comments on all aspects of the proposed revisions to these regulations, including the effects on stakeholders of the 1,000 lb. monthly limit and suggestions for alternative ways to achieve a balance between providing for the removal of bent or partial coins, cost, and prevention of fraud.
List of Subjects in 31 CFR Part 100
Coins.
Words of Issuance For the reasons set forth in the preamble, the United States Mint proposes to amend 31 CFR part 100 as follows:
PART 100EXCHANGE OF PAPER
CURRENCY AND COIN
1. The authority for part 100
continues to read as follows:

Authority: 31 U.S.C. 321.

2. Subpart C is revised to read as follows:

Subpart CRequest for Examination of Coin for Possible Redemption Sec.
100.10 Request for examination of uncurrent coin for possible redemption.
100.11 Request for examination of bent or partial coin for possible redemption.
100.12 Exchange of fused or mixed coin.
100.13 Notices.
100.10 Request for examination of uncurrent coin for possible redemption.

a Definition. Uncurrent coins are whole U.S. coins that are merely worn or reduced in weight by natural abrasion yet are readily and clearly recognizable as to genuineness and denomination and which are machine countable.
b Redemption process. The United States Mint will not accept uncurrent coins for redemption. Members of the
PO 00000

Frm 00005

Fmt 4702

Sfmt 4702

23879

public wishing to redeem lawfully held uncurrent coins must deposit the uncurrent coins with a bank or other financial institution that will accept them, or with a depository institution that has established a direct customer relationship with a Federal Reserve Bank. A Federal Reserve Bank will redeem uncurrent coins, based on the policies described in the Federal Reserves Operating Circular 2.
c Criteria for acceptance. Depository institutions that redeem uncurrent coins must sort the coins by denomination into packages in accordance with the Federal Reserves Operating Circular 2.
The Federal Reserve Banks have the right to reject any shipment containing objects that are not U.S. coins or any contaminant that could render the uncurrent coins unsuitable for coinage metal.
d Redemption sites. The Federal Reserve Banks and branches listed in 100.17 are the only authorized redemption sites at which a depository institution that has established a direct customer relationship with a Federal Reserve Bank may redeem uncurrent coins.
100.11 Request for examination of bent or partial coin for possible redemption.

a General. Lawfully held bent or partial coins of the United States may be submitted to the United States Mint for examination in accordance with the provisions in this subpart. Any submission under this subpart shall be deemed an acceptance of all provisions of this subpart.
b Definitions. 1 Bent coins are U.S.
coins that are bent or deformed so as to preclude normal machine counting but which are readily and clearly identifiable as to genuineness and denomination.
2 Partial coins are U.S. coins that are not whole; partial coins must be readily and clearly identifiable as to genuineness and denomination.
3 Participants are individuals or businesses that submit coins through the redemption process.
c Redemption process. 1
Depending on submission amount and frequency, participants may be subject to a certification process by the United States Mint. The established annual weight threshold and details about the participant certification process will be published on the United States Mints website. If certification is required, it must be completed prior to submission.
2 All submissions for review shall include an estimate of the value of the coins and an explanation of how the submission came to be bent or partial.
The submission should also contain the
E:FRFM05MYP1.SGM

05MYP1