Federal Register / Vol. 64, No. 49 / Monday, March 15, 1999 / Notices 12825

NATIONAL CREDIT UNION

ADMINISTRATION

Agency Information Collection

Activities: Submission to OMB for

Review; Comment Request

AGENCY: National Credit Union

Administration (NCUA).

ACTION: Request for comment.

SUMMARY: The NCUA is submitting the

following extensions of currently

approved collections to the Office of

Management and Budget (OMB) for

review and clearance under the

Paperwork Reduction Act of 1995

(Public Law 104–13, 44 U.S.C. Chapter

35). These information collections are

published to obtain comments from the

public.

DATES: Comments will be accepted until

May 14, 1999.

ADDRESSES: Interested parties are

invited to submit written comments to

NCUA Clearance Officer or OMB

Reviewer listed below:

Clearance Officer: Mr. James L.

Baylen (703) 518–6411, National Credit

Union Administration, 1775 Duke

Street, Alexandria, Virginia 22314–

3428, Fax No. 703–518–6433, E-mail:

jbaylen@ncua.gov

OMB Reviewer: Alexander T. Hunt

(202) 395–7860, Office of Management

and Budget, Room 10226, New

Executive Office Building, Washington,

DC 20503.

FOR FURTHER INFORMATION CONTACT:

Copies of these information collection

requests, with applicable supporting

documentation, may be obtained by

calling the NCUA Clearance Officer,

James L. Baylen, (703) 518–6411.

SUPPLEMENTARY INFORMATION: Proposal

for the following collections of

information:

OMB Number: 3133–0057.

Form Number: N/A.

Type of Review: Extension of a

currently approved collection.

Title: Monthly Board Meeting

Minutes.

Description: The Federal Credit Union

(FCU) Act and the standard FCU bylaws

require FCUs to maintain minutes of its

board and member meetings.

Respondents: Federal Credit Unions.

Estimated No. of Respondents/

Recordkeepers: 6,888.

Estimated Burden Hours Per

Response: 3.25 hours.

Frequency of Response: 13 meetings

per year @ 15 minutes per meeting.

Estimated Total Annual Burden

Hours: 22,386.

Estimated Total Annual Cost: N/A.

OMB Number: 3133–0081.

Form Number: N/A.

Type of Review: Extension of a

currently approved collection.

Title: Credit Union Bylaws and

Certification, Bylaws, Article XIX,

Section 5.

Description: The standard FCU

Bylaws require that each Credit Union

maintain copies of important documents

and election results.

Respondents: Federal Credit Union

board of directors.

Estimated No. of Respondents/

Recordkeepers: 6,888.

Estimated Burden Hours Per

Response: 12 minutes.

Frequency of Response: 13 meetings

per year @ 12 minutes per meeting.

Estimated Total Annual Burden

Hours: 1379.

Estimated Total Annual Cost: N/A.

OMB Number: 3133–0139.

Form Number: N/A.

Type of Review: Extension of a

currently approved collection.

Title: Organization and Operation of

Federal Credit Unions.

Description: Federal Credit Unions

wishing to pay lending-related

incentives to employees must establish

written policies.

Respondents: Certain Federal Credit

Unions.

Estimated No. of Respondents/

Recordkeepers: 1,000.

Estimated Burden Hours Per

Response: One.

Frequency of Response: On Occasion.

Estimated Total Annual Burden

Hours: 1,000.

Estimated Total Annual Cost:

$25,000.

OMB Number: 3133–0140.

Form Number: N/A.

Type of Review: Extension of a

currently approved collection.

Title: Secondary Capital for LowIncome Designated Credit Unions.

Description: Low-income designated

credit unions that offer secondary

capital accounts must adopt a written

plan, send a copy of their plan to their

NCUA Regional Director, and have

account contract documents and

disclosure forms.

Respondents: Certain Limited-Income

Federal Credit Unions.

Estimated No. of Respondents/

Recordkeepers: 26.

Estimated Burden Hours Per

Response: 3.

Frequency of Response: On occasion.

Estimated Total Annual Burden

Hours: 78.

Estimated Total Annual Cost: N/A.

By the National Credit Union

Administration Board on March 9, 1999.

Becky Baker,

Secretary of the Board.

[FR Doc. 99–6272 Filed 3–12–99; 8:45 am]

BILLING CODE 7535–01–U

PENSION BENEFIT GUARANTY

CORPORATION

Interest 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 are derivable 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 interest rate for determining

the variable-rate premium under part

4006 applies to premium payment years

beginning in March 1999. The interest

assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in April 1999.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General

Counsel, Office of the General Counsel,

Pension Benefit Guaranty Corporation,

1200 K Street, NW., Washington, DC

20005, 202–326–4024. (For TTY/TDD

users, call the Federal relay service tollfree 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 in

determining a single-employer plan’s

variable-rate premium. The rate is the

‘‘applicable percentage’’ (currently 85

percent) of the annual yield on 30-year

Treasury securities for the month

preceding the beginning of the plan year

for which premiums are being paid (the

‘‘premium payment year’’). The yield

figure is reported in Federal Reserve

Statistical Releases G.13 and H.15.
12826 Federal Register / Vol. 64, No. 49 / Monday, March 15, 1999 / Notices

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

2 17 CFR 240.19b-4.

The assumed interest rate to be used

in determining variable-rate premiums

for premium payment years beginning

in March 1999 is 4.56 percent (i.e., 85

percent of the 5.37 percent yield figure

for February 1999). The following table lists the assumed

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between April

1998 and March 1999.

For premium payment

years beginning in:

The assumed

interest rate

is:

April 1998 ................................. 5.06

May 1998 .................................. 5.03

June 1998 ................................. 5.04

July 1998 .................................. 4.85

August 1998 ............................. 4.83

September 1998 ....................... 4.71

October 1998 ............................ 4.42

November 1998 ........................ 4.26

December 1998 ........................ 4.46

January 1999 ............................ 4.30

February 1999 .......................... 4.39

March 1999 ............................... 4.56

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 April

1999 under part 4044 are contained in

an amendment to part 4044 published

elsewhere in today’s Federal Register.

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 March, 1999.

David M. Strauss,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 99–6125 Filed 3–12–99; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

[File No. 1–11900]

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration (Integrated Security

Systems, Inc., Common Stock, $.01 Par

Value)

March 8, 1999.

Integrated Security Systems, Inc.

(‘‘Company’’) has filed an application

with the Securities and Exchange

Commission (‘‘Commission’’), pursuant

to Section 12(d) of the Security

Exchange Act of 1934 (‘‘Act’’) and Rule

12d2–2(d) promulgated thereunder, to

withdraw the above specified security

(‘‘Security’’) from listing and

registration on the Boston Stock

Exchange, Inc. (‘‘BSE’’ or ‘‘Exchange’’).

The reasons cited in the application

for withdrawing the Security from

listing and registration include the

following:

The Security of the Company has

been listed for trading on the BSE and

the Nasdaq Stock Market (‘‘Nasdaq’’).

The Company has complied with the

rules of the BSE by filing with the

Exchange a certified copy of the

resolution adopted by the Company’s

Board of Directors authorizing the

withdrawal of its Security from listing

on the BSE and by setting forth the

reasons for the proposed withdrawal. In

making the decision to withdraw its

Security from listing on the BSE, the

Company considered the direct and

indirect costs and expenses attendant

upon continuing dual listing of the

Company’s Security on the BSE and the

Nasdaq Stock Market. The Company

does not see any particular advantage in

the dual trading of its Security.

The Exchange has informed the

Company that it has no objection to the

withdrawal of the Company’s Security

from listing on the BSE.

The Company’s application relates

solely to the withdrawal from listing of

the Security from the BSE and shall

have no effect upon the continued

listing of the Security on the Nasdaq.

Any interested person may, on or

before March 29, 1999, submit by letter

to the Secretary of the Securities and

Exchange Commission, 450 Fifth Street,

N.W., Washington, D.C. 20549, facts

bearing upon whether the application

has been made in accordance with the

rules of the Exchange and what terms,

if any, should be imposed by the

Commission for the protection of

investors. The Commission, based on

the information submitted to it, will

issue an order granting the application

after the date mentioned above, unless

the Commission determines to order a

hearing on the matter.

For the Commission, by the Division

of Market Regulation, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary

[FR Doc. 99–6219 Filed 3–12–99; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–41143; File No. SR–PCX–

99–01]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

Pacific Exchange, Inc. to Define

OptiMark Profile and Order Types

March 5, 1999.

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 January

22, 1999, the Pacific Exchange, Inc.

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

Securities and Exchange Commission

(‘‘SEC’’ or ‘‘Commission’’) the proposed

rule change as described in Items I, II,

and III below, which Items have been

prepared by the Exchange. The

Commission is publishing this notice to

solicit comments on the proposed rule

change from interested persons.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The Exchange is proposing to adopt

new rules to distinguish between two

types of principal profiles (i.e.,

‘‘principal exempt’’ and ‘‘principal nonexempt’’) that may be entered into the

OptiMark System (‘‘OptiMark’’) and to

distinguish between four categories of

order types for purposes of time priority

under the PCX rules on OptiMark.

The text of the proposed rule change

is available at the Office of the

Secretary, PCX and at the Commission.

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

Exchange 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

Exchange has prepared summaries, set

forth in Sections A, B, and C below, of

the most significant aspects of such

statements.