Federal Register / Vol. 63, No. 72 /Wednesday, April 15, 1998 /Rules and Regulations 18317

22Mailing address: 12420 Parklawn Dr.,

Rockville, MD 20857

Office of Health Affairs

Medicine Staff.

Health Assessment Policy Staff.

Office of Legislative Affairs

Congressional Affairs Staff I.

Congressional Affairs Staff II.

Special Projects Staff.

Office of Consumer Affairs

Office of AIDS and Special Health

Issues

Office of Women’s Health

Office of International Affairs

Office of Management and Systems

Operations Coordination Staff.

Executive Management Staff.

Office of Planning and Evaluation

Planning and Management

Communications Staff.

Evaluation and Analysis Staff.

Economics Staff.

Office of Information Resources

Management

Planning Resources and Information

Systems Management Staff.

Administrative Management Staff.

Division of Information Services and

Policy.

Division of Operations and Technology

Services.

Division of Software Engineering

Services.

Division of Facilities

Telecommunications and Planning

Support.

Office of Financial Management

Division of Financial Systems.

Division of Accounting.

Division of Budget Formulation.

Office of Human Resources and

Management Services

Division of Personnel Operations I.

Division of Personnel Operations II.

Division of Employee and Labor

Management Relations.

Division of Recruitment and Staffing.

Division of Compensation Benefits and

Training.

Division of Management Systems and

Policy.

Division of Personnel Operations III.

Office of Facilities, Acquisitions and

Central Services 22

Policy Evaluation and Support Staff.

Division of Contracts and Procurement

Management.

Division of Construction and Facilities

Support Contracting.

Division of Central Services.

Division of Real Property Management.

Project Analysis and Evaluation Staff.

Division of Facilities Planning,

Engineering and Safety.

Facilities Planning Staff.

FDA Safety Staff.

Office of Policy

Regulations Policy and Management

Staff.

Policy Development and Coordination

Staff.

Policy Research Staff.

International Policy Staff.

3. Section 5.210 is revised to read as

follows:

§ 5.210 FDA Public Information Offices.

(a) Dockets Management Branch

(HFA–305). The Dockets Management

Branch Public Room is located in rm. 1–

23, 12420 Parklawn Dr., Rockville, MD

20857. Telephone: 301–443–1753.

(b) Freedom of Information Staff

(HFI–35). The Freedom of Information

Public Room is located in rm. 12A–30,

Parklawn Bldg., 5600 Fishers Lane,

Rockville, MD 20857. Telephone: 301–

827–6500

(c) Press Relations Staff (HFI–40). The

Press Offices are located in rm. 15A–07,

Parklawn Bldg., 5600 Fishers Lane,

Rockville, MD 20857. Telephone: 301–

827–6242; and in rm. 3807, FB–8, 200

C St. SW., Washington, DC 20204.

Telephone 202–245–1141.

4. Section 5.215 is revised to read as

follows:

§ 5.215 Field structure.

NORTHEAST REGION

Regional Field Office: 850 Third Ave.,

Brooklyn, NY 11232.

Northeast Regional Laboratory: 850

Third Ave., Brooklyn , NY 11232–1593.

New York District Office: 850 Third

Ave., Brooklyn, NY 11232–1593.

New England District Office: One

Montvale Ave., Stoneham, MA 02180.

Buffalo District Office: Olympic Towers,

300 Pearl St., Buffalo, NY 14202.

CENTRAL REGION

Regional Field Office: U.S.

Customhouse, Second and Chestnut

Sts., rm. 900, Philadelphia, PA 19106.

Baltimore District Office: 900 Madison

Ave., Baltimore, MD 21201–2199.

Cincinnati District Office: 1141 Central

Pkwy., Cincinnati, OH 45202–1097.

New Jersey District Office: Waterview

Corporate Center, 10 Waterview Blvd.,

3d Floor, Parsippany, NJ 07054.

Philadelphia District Office: U.S.

Customhouse, Second and Chestnut

Sts., rm. 900, Philadelphia, PA 19106.

Chicago District Office: 300 South

Riverside Plaza, suite 550, South

Chicago, IL 60606.

Detroit District Office: 1560 East

Jefferson Ave., Detroit, MI 48207–3179.

Minneapolis District Office: 240

Hennepin Ave., Minneapolis, MN

55401–1912.

SOUTHEAST REGION

Regional Field Office: 60 Eighth St. NE.,

Atlanta, GA 30309.

Southeast Regional Laboratory: 60

Eighth St. NE., Atlanta, GA 30309.

Atlanta District Office: 60 Eighth St.

NE., Atlanta, GA 30309.

Nashville District Office: 297 Plus Park

Blvd., Nashville, TN 37217.

New Orleans District Office: 4298

Elysian Fields Ave., New Orleans, LA

70122.

Florida District Office: 555 Winderley

Pl., suite 200., Maitland, FL 32751.

San Juan District Office: 466 Fernandez

Juncos Ave., San Juan, PR 00901–3223.

SOUTHWEST REGION

Regional Field Office: 7920 Elmbrook

Rd., Dallas, TX 75247–4982.

Dallas District Office: 3310 Live Oak St.,

Dallas, TX 75204.

Denver District Office: Bldg. 20, Denver

Federal Center, Sixth and Kipling Sts.,

P.O. Box 25087, Denver, CO 80225–

0087.

Kansas City District Office: 11630 West

80th St., Lenexa, KS 66214.

St. Louis Branch: 12 Sunnen Dr., St.

Louis, MO 63143.

PACIFIC REGION

Regional Field Office: 1301 Clay St.,

suite 1180–N, Oakland, CA 94612–5217.

San Francisco District Office: 1431

Harbor Bay Pkwy., Alameda, CA 94502–

7070.

Los Angeles District Office: 19900

MacArthur Blvd., suite 300, Irvine, CA

92612–2445.

Seattle District Office: 22201 23d Dr.

SE., Bothell, WA 98021–4421.

Dated: April 8, 1998.

William K. Hubbard,

Associate Commissioner for Policy

Coordination.

[FR Doc. 98–9865 Filed 4–14–98; 8:45 am]

BILLING CODE 4160–01–F

PENSION BENEFIT GUARANTY

CORPORATION

29 CFR Part 4044

Allocation of Assets in SingleEmployer Plans; Interest Assumptions

for Valuing Benefits

AGENCY: Pension Benefit Guaranty

Corporation.

ACTION: Final rule.

SUMMARY: The Pension Benefit Guaranty

Corporation’s regulation on Allocation

of Assets in Single-Employer Plans

prescribes interest assumptions for

valuing benefits under terminating

single-employer plans. This final rule

amends the regulation to adopt interest

assumptions for plans with valuation

dates in May 1998.

EFFECTIVE DATE: May 1, 1998.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General
18318 Federal Register / Vol. 63, No. 72 /Wednesday, April 15, 1998 /Rules and Regulations

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: The

PBGC’s regulation on Allocation of

Assets in Single-Employer Plans (29

CFR part 4044) prescribes actuarial

assumptions for valuing plan benefits of

terminating single-employer plans

covered by title IV of the Employee

Retirement Income Security Act of 1974.

Among the actuarial assumptions

prescribed in part 4044 are interest

assumptions. These interest

assumptions are intended to reflect

current conditions in the financial and

annuity markets.

Two sets of interest assumptions are

prescribed, one set for the valuation of

benefits to be paid as annuities and one

set for the valuation of benefits to be

paid as lump sums. This amendment

adds to appendix B to part 4044 the

annuity and lump sum interest

assumptions for valuing benefits in

plans with valuation dates during May

1998.

For annuity benefits, the interest

assumptions will be 5.60 percent for the

first 25 years following the valuation

date and 5.25 percent thereafter. The

annuity interest assumptions represent

an increase (from those in effect for

April 1998) of 0.10 percent for the first

25 years following the valuation date

and are otherwise unchanged. For

benefits to be paid as lump sums, the

interest assumptions to be used by the

PBGC will be 4.25 percent for the period

during which a benefit is in pay status

and 4.00 percent during any years

preceding the benefit’s placement in pay

status. The lump sum interest

assumptions are unchanged from those

in effect for April 1998.

The PBGC has determined that notice

and public comment on this amendment

are impracticable and contrary to the

public interest. This finding is based on

the need to determine and issue new

interest assumptions promptly so that

the assumptions can reflect, as

accurately as possible, current market

conditions.

Because of the need to provide

immediate guidance for the valuation of

benefits in plans with valuation dates

during May 1998, the PBGC finds that

good cause exists for making the

assumptions set forth in this

amendment effective less than 30 days

after publication.

The PBGC has determined that this

action is not a ‘‘significant regulatory

action’’ under the criteria set forth in

Executive Order 12866.

Because no general notice of proposed

rulemaking is required for this

amendment, the Regulatory Flexibility

Act of 1980 does not apply. See 5 U.S.C.

601(2).

List of Subjects in 29 CFR Part 4044

Pension insurance, Pensions.

In consideration of the foregoing, 29

CFR part 4044 is amended as follows:

PART 4044—ALLOCATION OF

ASSETS IN SINGLE-EMPLOYER

PLANS

1. The authority citation for part 4044

continues to read as follows:

Authority: 29 U.S.C. 1301(a), 1302(b)(3),

1341, 1344, 1362.

2. In appendix B, a new entry is

added to Table I, and Rate Set 55 is

added to Table II, as set forth below.

The introductory text of each table is

republished for the convenience of the

reader and remains unchanged.

Appendix B to Part 4044—Interest Rates Used to Value Annuities and Lump Sums

TABLE I.—ANNUITY VALUATIONS

[This table sets forth, for each indicated calendar month, the interest rates (denoted by i1, i2,

. . . , and referred to generally as it) assumed to be in effect between specified anniversaries of a valuation date that occurs within that calendar month; those anniversaries are specified in the columns adjacent to the rates. The last listed rate is assumed to be in effect after the

last listed anniversary date.]

For valuation dates occurring in the month—

The values of it are:

i t for t = i t for t = i t for t =

* * * * * * *

May 1998 ............................................................................... .0560 1–25 .0525 >25 N/A N/A

TABLE II.—LUMP SUM VALUATIONS

[In using this table: (1) For benefits for which the participant or beneficiary is entitled to be in pay status on the valuation date, the immediate annuity rate shall apply; (2) For benefits for which the deferral period is y years (where y is an integer and 0 < y ≤ n1), interest rate i1 shall

apply from the valuation date for a period of y years, and thereafter the immediate annuity rate shall apply; (3) For benefits for which the deferral period is y years (where y is an integer and n1 < y ≤ n1 + n2), interest rate i2 shall apply from the valuation date for a period of y—n1

years, interest rate i1 shall apply for the following n1 years, and thereafter the immediate annuity rate shall apply; (4) For benefits for which

the deferral period is y years (where y is an integer and y > n1 + n2), interest rate i3 shall apply from the valuation date for a period of y—

n1—n2 years, interest rate i2 shall apply for the following n2 years, interest rate i1 shall apply for the following n1 years, and thereafter the immediate annuity rate shall apply.]

Rate set

For plans with a valuation

date Immediate

annuity rate

(percent)

Deferred annuities

(percent)

On or after Before i1 i2 i3 n1 n2

* * * * * * *

55 05–1–98 06–1–98 4.25 4.00 4.00 4.00 7 8
Federal Register / Vol. 63, No. 72 /Wednesday, April 15, 1998 /Rules and Regulations 18319

Issued in Washington, D.C., on this 8th day

of April 1998.

David M. Strauss,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 98–9748 Filed 4–14–98; 8:45 am]

BILLING CODE 7708–01–P

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 117

[CGD01–97–124]

RIN 2115–AE47

Drawbridge Operation Regulations:

Presumpscot River, ME

AGENCY: Coast Guard, DOT.

ACTION: Final rule.

SUMMARY: The Coast Guard is removing

the operating rules for the US1 highway

bridge at Martin Point, mile 0.0, over the

Presumpscot River between Portland

and Falmouth, Maine. The US1 highway

bridge was replaced by a fixed span

bridge in 1985, and the regulations are

no longer applicable. Notice and public

procedure have been omitted from this

action because the bridge the

regulations formerly governed no longer

exists.

DATES: This final rule is effective April

15, 1998.

ADDRESSES: Documents as indicated in

this preamble are available for

inspection or copying at the First Coast

Guard District Office, 408 Atlantic

Avenue, Boston, Massachusetts, 02110,

7 a.m. to 3 p.m. Monday through Friday,

except Federal holidays. The telephone

number is (617) 223–8364.

FOR FURTHER INFORMATION CONTACT:

John W. McDonald, Project Officer, First

Coast Guard District, (617) 223–8364.

SUPPLEMENTARY INFORMATION:

Backround

The US1 highway bridge at Martin

Point was replaced by a new fixed span

bridge in 1985. The old highway bridge

has been removed.

The Coast Guard has determined that

good cause exists under the

Administrative procedure Act (5 U.S.C.

553) to forego notice and comment for

this rulemaking because notice and

comment are unnecessary. Notice and

comment are unnecessary because the

bridge the regulations governed no

longer exists.

The Coast Guard, for the reason just

stated, has also determined that good

cause exists for this rule to become

effective upon publication in the

Federal Register.

Regulatory Evaluation

This rule is not a significant

regulatory action under section 3(f) of

Executive Order 12866 and does not

require an assessment of potential costs

and benefits under section 6(a)(3) of that

Order. It has not been reviewed by the

Office of Management and Budget under

that Order. It is not significant under the

regulatory policies and procedures of

the Department of Transportation (DOT)

(44 FR 11040; February 26, 1979). The

Coast Guard expects the economic

impact of this rule to be so minimal that

a full Regulatory Evaluation under

paragraph 10e of the regulatory policies

and procedures of DOT is unnecessary.

This conclusion is based on the fact that

the bridge has been removed and the

regulations for the bridge are no longer

needed.

Small Entities

Under the Regulatory Flexibility Act

(5 U.S.C. 601 et seq.), the Coast Guard

considered whether this final rule will

have a significant economic impact on

a substantial number of small entities.

‘‘Small entities’’ include small

businesses, not-for profit organizations

that are independently owned and

operated and are not dominant in their

fields, and governmental jurisdictions

with populations less than 50,000.

Therefore, for the reasons discussed in

the Regulatory Evaluation section above,

the Coast Guard certifies under section

605(b) of the Regulatory Flexibility Act

(5 U.S.C. 601 et seq.) that this final rule

will not have a significant economic

impact on a substantial number of small

entities.

Collection of Information

This final rule does not provide for a

collection of information under the

Paperwork Reduction Act of 1995 (44

U.S.C. 3501 et seq.).

Federalism

The Coast Guard has analyzed this

final rule in accordance with the

principles and criteria contained in

Executive Order 12612 and has

determined that this rule does not have

sufficient federalism implications to

warrant the preparation of a Federalism

Assessment.

Environment

The Coast Guard considered the

environmental impact of this rule and

concluded that, under section 2.B.2.e.

(34) of Commandant Instruction

M16475.1B, as amended by 59 FR

38655, July 29, 1994, this final rule is

categorically excluded from further

environmental documentation. A

‘‘Categorical Exclusion Determination’’

is available in the docket for inspection

or copying where indicated under

ADDRESSES.

List of Subjects in 33 CFR Part 117

Bridges.

Regulations

For the reasons set out in the

preamble, the Coast Guard amends 33

CFR part 117 as follows:

PART 117—DRAWBRIDGE

OPERATION REGULATIONS

1. The authority citation for part 117

continues to read as follows:

Authority: 33 U.S.C. 499; 49 CFR 1.46; 33

CFR 1.05–1(g); section 117.255 also issued

under the authority of Pub. L. 102–587, 106

Stat. 5039.

§ 117.532 [Removed]

2. Section 117.532 is removed.

Dated: March 16, 1998.

James D. Garrison,

Captain, U.S. Coast Guard, Acting

Commander, First Coast Guard District.

[FR Doc. 98–9923 Filed 4–14–98; 8:45 am]

BILLING CODE 4910–15–M

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 117

[CGD01–97–127]

RIN 2115–AE47

Drawbridge Operation Regulations:

Fore River, ME

AGENCY: Coast Guard, DOT.

ACTION: Final rule.

SUMMARY: The Coast Guard is removing

the operating rules for the I–295 Million

Dollar Bridge over the Fore River, mile

3.4, between Portland and South

Portland, Maine. The I–295 Million

Dollar Bridge was replaced by a new

bridge in 1996, and the regulations for

the I–295 Bridge are no longer

necessary. Notice and public procedure

have been omitted from this action