Federal Register / Vol. 70, No. 114 / Wednesday, June 15, 2005 / Notices 34801

All comments, submissions and 

background documents are available for 

inspection and copying at the OSHA 

Docket Office at the above address. 

Comments and submissions posted on 

OSHA’s Web page are available at

http://www.OSHA.gov. Contact the 

OSHA Docket Office for information 

about materials not available through 

the OSHA Web page and for assistance 

using the Web page to locate docket 

submissions. 

Electronic copies of this Federal 

Register notice as well as other relevant 

documents are available on OSHA’s 

Web page. Since all submissions 

become public, private information such 

as social security numbers should not be 

submitted. 

V. Authority and Signature 

Jonathan L. Snare, Acting Assistant 

Secretary of Labor for Occupational 

Safety and Health, directed the 

preparation of this notice. The authority 

for this notice is the Paperwork 

Reduction Act of 1995 (44 U.S.C. 3506 

et seq.), and Secretary of Labor’s Order 

No. 5–2002 (67 FR 65008).

Dated: Signed at Washington, DC, on June 

8, 2005. 

Jonathan L. Snare, 

Acting Assistant Secretary of Labor

[FR Doc. 05–11811 Filed 6–14–05; 8:45 am] 

BILLING CODE 4510–26–M

NATIONAL FOUNDATION ON THE 

ARTS AND HUMANITIES 

SES Performance Review Board

AGENCY: National Endowment for the 

Arts.

ACTION: Notice.

SUMMARY: Notice is hereby given of the 

names and members of the Performance 

Review Board for the National 

Endowment for the Arts. This notice 

supersedes all previous notices of the 

PRB membership of the Agency.

DATES: Upon publication.

FOR FURTHER INFORMATION CONTACT:

Craig McCord, Director of Human 

Resources, National Endowment for the 

Arts, 1100 Pennsylvania Avenue, NW., 

Room 627, Washington, DC 20506, (202) 

682–5473.

SUPPLEMENTARY INFORMATION: Sec. 

4314(c)(1) through (5) of Title 5, U.S.C., 

requires each agency to establish, in 

accordance with regulations prescribed 

by the Office of Personnel Management, 

one or more SES Performance Review 

Boards. The Board shall review and 

evaluate the initial appraisal of a senior 

executive’s performance by the 

supervisor, along with any response by 

the senior executive, and make 

recommendations to the appointing 

authority relative to the performance of 

the senior executive. 

The following persons have been 

selected to serve on the Performance 

Review Board of the National 

Endowment for the Arts: 

Eileen B. Mason, Senior Deputy 

Chairman. 

Laurence M. Baden, Deputy Chairman 

for Management and Budget. 

Tony Chauveaux, Deputy Chairman 

for Grants and Awards. 

Ann Guthrie Hingston, Director of the 

Office of Government Affairs. 

Michael R. Burke, Chief Information 

Officer. 

James F. McDermott, Deputy Director, 

Office of Human Resources U.S. Nuclear 

Regulatory Commission.

Murray R. Welsh, 

Director of Administrative Services, National 

Endowment for the Arts.

[FR Doc. 05–11788 Filed 6–14–05; 8:45 am] 

BILLING CODE 7536–01–M

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate Assumption for 

Determining Variable-Rate Premium; 

Interest Assumptions for 

Multiemployer Plan Valuations 

Following Mass Withdrawal

AGENCY: Pension Benefit Guaranty 

Corporation.

ACTION: Notice of interest rates and 

assumptions. 

SUMMARY: This notice informs the public 

of the interest rates and assumptions to 

be used under certain Pension Benefit 

Guaranty Corporation regulations. These 

rates and assumptions are published 

elsewhere (or can be derived from rates 

published elsewhere), but are collected 

and published in this notice for the 

convenience of the public. Interest rates 

are also published on the PBGC’s Web 

site (http://www.pbgc.gov).

DATES: The required interest rate for 

determining the variable-rate premium 

under part 4006 applies to premium 

payment years beginning in June 2005. 

The interest assumptions for performing 

multiemployer plan valuations 

following mass withdrawal under part 

4281 apply to valuation dates occurring 

in July 2005.

FOR FURTHER INFORMATION CONTACT:

Catherine B. Klion, Attorney, Legislative 

and Regulatory Department, Pension 

Benefit Guaranty Corporation, 1200 K 

Street, NW., Washington, DC 20005, 

202–326–4024. (TTY/TDD users may 

call the Federal relay service toll-free at 

1–800–877–8339 and ask to be 

connected to 202–326–4024.)

SUPPLEMENTARY INFORMATION:

Variable-Rate Premiums 

Section 4006(a)(3)(E)(iii)(II) of the 

Employee Retirement Income Security 

Act of 1974 (ERISA) and § 4006.4(b)(1) 

of the PBGC’s regulation on Premium 

Rates (29 CFR part 4006) prescribe use 

of an assumed interest rate (the 

‘‘required interest rate’’) in determining 

a single-employer plan’s variable-rate 

premium. Pursuant to the Pension 

Funding Equity Act of 2004, for 

premium payment years beginning in 

2004 or 2005, the required interest rate 

is the ‘‘applicable percentage’’

(currently 85 percent) of the annual rate 

of interest determined by the Secretary 

of the Treasury on amounts invested 

conservatively in long-term investment 

grade corporate bonds for the month 

preceding the beginning of the plan year 

for which premiums are being paid. 

Thus, the required interest rate to be 

used in determining variable-rate 

premiums for premium payment years 

beginning in June 2005 is 4.60 percent 

(i.e., 85 percent of the 5.41 percent 

composite corporate bond rate for May 

2005 as determined by the Treasury). 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between July 

2004 and June 2005.

For premium payment years 

beginning in: 

The required 

interest rate is: 

July 2004 .............................. 5.25 

August 2004 ......................... 5.10 

September 2004 ................... 4.95 

October 2004 ........................ 4.79 

November 2004 .................... 4.73 

December 2004 .................... 4.75 

anuary 2005 .......................... 4.73 

February 2005 ...................... 4.66 

March 2005 ........................... 4.56 

April 2005 ............................. 4.78 

May 2005 .............................. 4.72 

June 2005 ............................. 4.60 

Multiemployer Plan Valuations 

Following Mass Withdrawal 

The PBGC’s regulation on Duties of 

Plan Sponsor Following Mass 

Withdrawal (29 CFR part 4281) 

prescribes the use of interest 

assumptions under the PBGC’s 

regulation on Allocation of Assets in 

Single-Employer Plans (29 CFR part 

4044). The interest assumptions 

applicable to valuation dates in July 

2005 under part 4044 are contained in 

an amendment to part 4044 published 

elsewhere in today’s Federal Register.

34802 Federal Register / Vol. 70, No. 114 / Wednesday, June 15, 2005 / Notices 

1 15 U.S.C. 78s(b)(1).

2 17 CFR 240.19b–4.

3 In Amendment No. 1, the Exchange made 

technical corrections to the rule text of the 

proposed rule change. The effective date of the 

original proposed rule change is May 2, 2005, and 

the effective date of the amendment is June 3, 2005. 

For purposes of calculating the 60-day period 

within which the Commission may summarily 

abrogate the proposed rule change, as amended, 

under Section 19(b)(3)(C) of the Act, the 

Commission considers the period to commence on 

June 3, 2005, the date on which the Exchange 

submitted Amendment No. 1. See 15 U.S.C. 

78s(b)(3)(C).

4For example, a laptop computer has a charge of 

$150.00 per month, while a Pentium 450 PC has a 

charge of only $70.00 per month.

5The Exchange currently charges $15.00 per 

month for 15-inch flat-panel monitors and $32.00 

per month for 18 and 19-inch flat-panel monitors.

6 15 U.S.C. 78f(b).

7 15 U.S.C. 78f(b)(4).

8 15 U.S.C. 78s(b)(3)(A)(ii).

9 17 CFR 240.19b–4(f)(2).

10See supra note 3.

Tables showing the assumptions 

applicable to prior periods are codified 

in appendix B to 29 CFR part 4044.

Issued in Washington, DC, on this 8th day 

of June, 2005. 

Vincent K. Snowbarger, 

Deputy Executive Director, Pension Benefit 

Guaranty Corporation.

[FR Doc. 05–11770 Filed 6–14–05; 8:45 am] 

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–51800; File No. SR–CHX–

2005–14] 

Self-Regulatory Organizations; 

Chicago Stock Exchange, Inc.; Notice 

of Filing and Immediate Effectiveness 

of Proposed Rule Change and 

Amendment No. 1 Thereto Relating to 

Participant Fees and Credits 

June 8, 2005. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on May 2, 

2005, the Chicago Stock Exchange, Inc. 

(‘‘CHX’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II and III 

below, which Items have been prepared 

by the Exchange. On June 3, 2005, the 

Exchange filed Amendment No. 1 to the 

proposed rule change.3 The Commission 

is publishing this notice to solicit 

comments on the proposed rule change, 

as amended, from interested persons.

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The CHX proposes to amend its 

Participant Fee Schedule (the ‘‘Fee 

Schedule’’) to add new fees for 17-inch 

flat-panel monitors and for voice 

recording services provided by the 

Exchange. The text of the proposed rule 

change is available on the CHX’s Web 

site (http://www.chx.com), at the CHX’s 

Office of the Secretary, and at the 

Commission’s Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

CHX 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. The CHX 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 

1. Purpose 

Under the current Fee Schedule, the 

Exchange charges its members for 

specific types of equipment and 

technology services provided by the 

Exchange. These charges include fees 

for personal computers, monitors and 

printers. Fees vary based on the specific 

type of equipment or service provided.4

In this proposal, the Exchange seeks 

to add a new charge, of $24.00 per 

month, for 17-inch flat-panel monitors 

provided to participant firms.5

Additionally, the Exchange seeks to add 

a new charge, of $20.00 per month per 

phone, to provide voice recording 

services to on-floor firms that 

specifically request this service. These 

new fees are designed to charge CHX 

participants the costs associated with 

these monitors and voice recording 

services and are designed to take effect 

immediately.

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,6 in general, and 

furthers the objectives of Section 6(b)(4) 

of the Act,7 in particular, in that it 

provides for the equitable allocation of 

reasonable dues, fees, and other charges 

among its members.

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any inappropriate burden on 

competition. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The proposed rule change has become 

effective upon filing pursuant to Section 

19(b)(3)(A)(ii) of the Act 8 and 

subparagraph (f)(2) of Rule 19b–4 

thereunder,9 because it establishes or 

changes a due, fee, or other charge 

imposed by the CHX. At any time 

within 60 days of the filing of the 

proposed rule change, the Commission 

may summarily abrogate 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.10

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the proposed rule 

change, as amended, 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 rulecomments@sec.gov. Please include File 

Number SR–CHX–2005–14 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Jonathan G. Katz, Secretary, 

Securities and Exchange Commission, 

Station Place, 100 F Street, NE., 

Washington, DC 20549. 

All submissions should refer to File 

Number SR–CHX–2005–14. 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