65718 Federal Register / Vol. 62, No. 240 / Monday, December 15, 1997 / Notices

is less than the 24-hour atmospheric HF

limit of 5 μg/m3 applicable in some

states.

Surface water quality is protected by

enforcing release limits and monitoring

programs as required under the National

Pollutant Discharge and Elimination

System (NPDES) permit. Annual average

concentrations of parameters regulated

by the NPDES permit have been below

discharge limits established for the

liquid effluent outfall to the Arkansas

River and are expected to remain below

the discharge limits. Discharges are not

expected to have significant impact on

the surface water quality in the

Arkansas River because of the dilution

volume in the river.

Previous operation of the plant has

resulted in localized chemical and

radiological contamination of

groundwater of the shallow aquifer in

several locations. By license amendment

dated March 25, 1997, Fansteel

committed to operation of a

groundwater collection and treatment

system which will reduce the

concentration of chemical constituents

to levels that can be discharged via the

outfall.

No impacts are expected on land use,

biotic resources, or cultural resources. A

small positive socioeconomic impact is

expected through the employment of 30

people at the site.

Accident Conditions

The handling, processing, and storage

of material containing radioactive

constituents at the Fansteel facility

could result in an uncontrolled release

of radioactive material to the

environment if there was an accident.

However, the relatively small quantities

and low concentrations of the

radioactive constituents are factors

which constrain the impacts of potential

accidents. The NRC staff selected the

following representative accidents

scenarios for evaluation: (1) A spill of

contaminated soil, (2) a large-scale leak

of untreated contaminated groundwater,

and (3) a failure of the pond residue

processing off-gas equipment.

The NRC staff evaluated radiological

impacts for each accident scenario by

determining the CEDE to the maximally

exposed individual. The estimated

CEDE was 1.0×10¥6 Sv (0.1 mrem) for

the spill of contaminated soil, 2.1×10¥10

Sv (2.1×10¥5 mrem) for the spill of

groundwater, and 3.8×10¥6 Sv (0.38

mrem) for the failure of the off-gas

treatment equipment. Therefore, the

potential consequences for each

accident scenario pose an insignificant

risk to the public.

Agencies and Persons Consulted

Several people from the Oklahoma

Department of Environmental Quality

(OKDEQ) were consulted concerning

this proposed amendment, including

Earlon Shirley, Waste Management

Division, Radiation Management

Section; Mark Thomason, Water Quality

Division; and David Dimick, Air Quality

Division.

Conclusion

The NRC has determined that the

issuance of the amendment to allow

Fansteel to process the calcium fluoride

wastewater treatment residues

concurrently with the WIP residues will

not result in significant impact to

human health or the environment.

Finding of No Significant Impact

The Commission has prepared an

Environmental Assessment (EA) related

to the amendment of Source Material

License SNM–911. On the basis of the

assessment, the Commission has

concluded that environmental impacts

that would be created by the proposed

action would not be significant and do

not warrant the preparation of an

Environmental Impact Statement.

Accordingly, it has been determined

that a Finding of No Significant Impact

is appropriate.

For further details with respect to this

action, the EA, the licensee’s renewed

license dated September 30, 1997, the

amendment application dated July 30,

1997, and related documents are

available for public inspection and

copying at the Commission’s Public

Document Room at the Gelman

Building, 2120 L Street NW,

Washington, DC. Questions should be

referred to NRC’s Project Manager for

the Fansteel, Inc., facility, Susan D.

Chotoo, at (301) 415–8102 or

sdc@nrc.gov.

Dated at Rockville, Maryland, this 9th day

of December 1997.

For the Nuclear Regulatory Commission.

Walter S. Schwink,

Acting Chief, Licensing Branch, Division of

Fuel Cycle Safety and Safeguards, NMSS.

[FR Doc. 97–32621 Filed 12–12–97; 8:45 am]

BILLING CODE 7590–01–P

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 home

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

DATES: The interest rate for determining

the variable-rate premium under part

4006 applies to premium payment years

beginning in December 1997. The

interest assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in January 1998.

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 and

TDD, call 800–877–8339 and request

connection 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’’ (described in

the statute and the regulation) 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.

For plan years beginning before July

1, 1997, the applicable percentage of the

30-year Treasury yield was 80 percent.

The Retirement Protection Act of 1994

(RPA) amended ERISA section

4006(a)(3)(E)(iii)(II) to provide that the

applicable percentage is 85 percent for

plan years beginning on or after July 1,

1997, through (at least) plan years

beginning before January 1, 2000.

However, under section 774(c) of the

RPA, the application of the amendment

is deferred for certain regulated public

utility (RPU) plans for as long as six

months. The applicable percentage for

RPU plans will therefore remain 80

percent for plan years beginning before
Federal Register / Vol. 62, No. 240 / Monday, December 15, 1997 / Notices 65719

January 1, 1998. (The rules governing

the applicable percentages for ‘‘partial’’

RPU plans are described in § 4006.5(g)

of the premium rates regulation.)

For plans for which the applicable

percentage is 85 percent, the assumed

interest rate to be used in determining

variable-rate premiums for premium

payment years beginning in December

1997 is 5.19 percent (i.e., 85 percent of

the 6.11 percent yield figure for

November 1997).

The following table lists the assumed

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between

January 1997 and December 1997. The

rates for July through December 1997 in

the table reflect an applicable

percentage of 85 percent and thus apply

only to non-RPU plans. However, the

rates for months before July 1997, which

reflect an applicable percentage of 80

percent, apply to RPU (and ‘‘partial’’

RPU) plans as well as to non-RPU plans.

For premium payment years

beginning in

The assumed interest rate

is

January 1997 ............................ 5.24

February 1997 .......................... 5.46

March 1997 ............................... 5.35

April 1997 .................................. 5.54

May 1997 .................................. 5.67

June 1997 ................................. 5.55

July 1997 .................................. 5.75

August 1997 .............................. 5.53

September 1997 ....................... 5.59

October 1997 ............................ 5.53

November 1997 ........................ 5.38

December 1997 ........................ 5.19

For premium payment years

beginning in December 1997, the

assumed interest rate to be used in

determining variable-rate premiums for

RPU plans (determined using an

applicable percentage of 80 percent) is

4.89 percent. For ‘‘partial’’ RPU plans,

the assumed interest rates to be used in

determining variable-rate premiums can

be computed by applying the rules in

§ 4006.5(g) of the premium rates

regulation. The PBGC’s premium

payment instruction booklet also

describes these rules and provides a

worksheet for computing the assumed

rate.

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 January

1998 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 10th day

of December 1997.

David M. Strauss,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 97–32733 Filed 12–12–97; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Rel. No. IA–1685/803–112]

Interactive Data Corporation; Notice of

Application

December 9, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

exemption under the Investment

Advisers Act of 1940 (‘‘Advisers Act’’).

APPLICANT: Interactive Data Corporation

(‘‘Interactive Data’’).

RELEVANT ADVISERS ACT SECTIONS:

Exemption requested under section

203A(c) from section 203A(a).

SUMMARY OF APPLICATION: Applicant

requests an order to permit it to register

with the SEC as an investment adviser.

Filing Dates: The application was

filed on May 20, 1997, and amended on

September 22, 1997 and October 7,

1997.

Hearing or Notification of Hearing: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving applicant with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

January 5, 1998, and should be

accompanied by proof of service on

applicant, in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the writer’s interest, the reason for the

request, and the issues contested.

Persons may request notification of a

hearing by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, Securities and

Exchange Commission, 450 5th Street,

NW., Washington, DC 20549. Applicant,

Interactive Data Corporation, 22 Crosby

Drive, Bedford, Massachusetts 01730.

FOR FURTHER INFORMATION CONTACT:

Lori Price, Senior Counsel, at (202) 942–

0531, or Jennifer S. Choi, Special

Counsel, at (202) 942–0716 (Division of

Investment Management, Task Force on

Investment Adviser Regulation).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee at the SEC’s

Public Reference Branch.

Applicant’s Representations

1. Applicant is a Delaware

corporation and a wholly-owned

subsidiary of Pearson Longman Inc., a

Delaware corporation, the sole

shareholder of which is Pearson Inc., a

Delaware corporation. The shareholders

of Pearson Inc. are Pearson Overseas

Holdings Limited, a United Kingdom

company, and Pearson Capital Company

LLC, a Delaware limited liability

company. The ultimate parent of

Pearson Overseas Holding Limited and

Pearson Capital Company LLC is

Pearson plc, a publicly-traded United

Kingdom company.

2. Applicant maintains its principal

office and place of business in

Massachusetts where applicant’s

corporate headquarters and its president

and financial and legal officers are

located. Applicant, however, only

conducts its domestic securities pricing

business in New York. Applicant is

currently registered as an investment

adviser in New York. Applicant was

registered with the SEC as an

investment adviser until July 8, 1997.

3. Applicant provides global

securities pricing and related financial

data in computer-readable form.

Applicant’s data covers over 3.1 million

individual issues of debt and equity

securities and includes (i) daily closing

prices (including end-of-day quotes and

evaluations), market data, money market

and foreign exchange rates, index values

and related data, available after the

markets close around the world; (ii)

most recent descriptive data and terms

and conditions data; (iii) most recent

announcements (including

capitalization changes, dividends,

reorganization information, and called

bonds); and (iv) historical price,

announcement, descriptive,

fundamental, earnings estimates, and

economic and related data.

4. With regard to certain fixed income

issues for which no continuous trading

market exists, applicant creates prices

using sophisticated proprietary models

and methodologies, descriptive terms

and conditions databases, broker quotes

and quality control programs to generate

evaluations that are independent

(‘‘Fixed Income Pricing Service’’). These

prices are provided in computer-