Federal Register / Vol. 65, No. 106 / Thursday, June 1, 2000 / Notices 35129

1The term ‘‘Individual Exemptions’’ refers to the

following Prohibited Transaction Exemptions

(PTEs): PTE 2000–25 (Application Nos. D–10119

and D–10120, Morgan Guaranty Trust Company of

New York and J.P. Morgan Investment Management

Inc.); PTE 2000–26 (Application No. D–10587,

Goldman, Sachs & Co.); PTE 2000–27 (Application

No. D–10779, The Chase Manhattan Bank); PTE

2000–28 (Application No. D–10820, Citigroup Inc);

and PTE 2000–29 (Application No. D–10832,

Morgan Stanley Dean Witter & Co.).

2All references to specific provisions of Title I of

the Act herein shall refer also to the corresponding

provisions of the Code (if any).

3To the extent that the Applicant has more than

one asset management affiliate, all references to the

Asset Manager herein shall refer also to the other

asset management entity or entities.

4To the extent that the Applicant has more than

one registered broker-dealer affiliate that

participates in underwriting or selling syndicates,

all references to the Affiliated Broker-Dealer herein

shall refer also to the other broker-dealer entity or

entities.

II. Proposed Actions

OSHA proposes to decrease its earlier

estimate of 40,086 burden hours to

11,178 burden hours for the collections

of information found in 29 CFR

1910.269 (Electrical Power Generation,

Transmission, and Distribution), and 29

CFR 1910.137 (Electrical Protective

Equipment). OSHA will summarize the

comments submitted in response to this

notice, and will include this summary

in the request to OMB to extend the

approval of the information collection

requirements contained in the above

standards.

Type of Review: Extension of

currently approved information

collection requirement.

Agency: Occupational Safety and

Health Administration.

Title: Electrical Power Generation,

Transmission, and Distribution (29 CFR

1910.269) and Electrical Protective

Equipment (29 CFR 1910.137).

OMB Number: 1218–0190.

Affected Public: Business or other forprofit; not-for-profit institutions; Federal

government; state, local or tribal

government.

Number of Respondents: 362,000.

Frequency: On occasion; annually;

semi-annually.

Average Time per Response: 2

minutes (0.03 hour) to 15 minutes (0.25

hour).

Estimated Total Burden Hours:

11,178.

III. Authority and Signature

Charles N. Jeffress, 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), Secretary of Labor’s

Order No. 6–96 (62 FR 111).

Signed at Washington, DC, this 26 day of

May 2000.

Charles N. Jeffress,

Assistant Secretary of Labor.

[FR Doc. 00–13747 Filed 5–31–00; 8:45 am]

BILLING CODE 4510–26–M

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

[Exemption Application No. D–10654]

Withdrawal of Notice of Proposed

Exemption Involving Fish Lake Beach,

Inc. Profit Sharing Plan (the Plan);

Located in Round Lake, Illinois

In the Federal Register dated

February 29, 2000 (65 FR 10826), the

Department of Labor (the Department)

published a notice of proposed

exemption from the prohibited

transaction restrictions of the Employee

Retirement Income Security Act of 1974

and from certain taxes imposed by the

Internal Revenue Code of 1986. The

notice of proposed exemption

concerned the prospective cash sale of

a certain parcel of real property by the

Plan to the trust of Emilie Keil, a party

in interest with respect to the Plan.

On April 7, 2000, the applicant

informed the Department that it wished

to withdraw the notice of proposed

exemption.

Accordingly, the notice of proposed

exemption is hereby withdrawn.

Signed at Washington, DC, this 25th day of

May, 2000.

Ivan L. Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

Department of Labor.

[FR Doc. 00–13642 Filed 5–31–00; 8:45 am]

BILLING CODE 4510–29–P

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

[Prohibited Transaction Exemptions 2000–

25, et al.; Application Nos. D–10119 and

D–10120, et al.]

Morgan Guaranty Trust Company of

New York, et al.

AGENCY: Pension and Welfare Benefits

Administration, Department of Labor.

ACTION: Grant of Individual

Exemptions.1

SUMMARY: This document contains

individual exemptions issued by the

Department of Labor (the Department)

from the prohibited transaction

restrictions of the Employee Retirement

Income Security Act of 1974 (the Act)

and from the taxes imposed by the

Internal Revenue Code of 1986 (the

Code). The exemptions permit

purchases of securities by the

applicants’ asset management affiliate,

on behalf of employee benefit plans for

which such asset management affiliate

is a fiduciary, from underwriting or

selling syndicates where the applicants’

broker-dealer affiliate participates as a

manager or syndicate member. The

exemptions affect participants and

beneficiaries of the plans investing in

such securities.

EFFECTIVE DATE: The exemptions are

effective as of February 8, 2000.

FOR FURTHER INFORMATION CONTACT: Ms.

Andrea W. Selvaggio or Ms. Karin Weng

of the Department, telephone (202) 219–

8881. (This is not a toll-free number.)

SUPPLEMENTARY INFORMATION: On

February 8, 2000, the Department

published a notice of pendency in the

Federal Register (65 FR 6229) of the

proposed exemptions from the

restrictions of section 406 of the Act and

the sanctions resulting from the

application of section 4975 of the Code,

by reason of section 4975(c)(1) of the

Code. The exemptions were requested

in separate applications filed pursuant

to section 408(a) of the Act and section

4975(c)(2) of the Code, and in

accordance with the procedures set

forth in 29 CFR Part 2570, Subpart B (55

FR 32836, August 10, 1990), by the

following entities: Morgan Guaranty

Trust Company of New York and J.P.

Morgan Investment Management Inc.

(together, J.P. Morgan) Goldman, Sachs

& Co. (Goldman), The Chase Manhattan

Bank (Chase), Citigroup Inc. (Citigroup),

and Morgan Stanley Dean Witter & Co.

(Morgan Stanley).

Effective December 31, 1978, section

102 of Reorganization Plan No. 4 of

1978, 5 U.S.C. App. 1 (1996), generally

transferred the authority of the Secretary

of the Treasury to issue exemptions of

the type requested to the Secretary of

Labor. Accordingly, these exemptions

are being issued solely by the

Department. 2 For convenience, each

applicant and its affiliates shall be

referred to in the exemption in generic

terms that denote certain roles, namely,

‘‘the Applicant,’’ ‘‘the Asset Manager,’’ 3

or ‘‘the Affiliated Broker-Dealer.’’ 4

The notice of pendency invited all

interested persons to submit written

comments or request a public hearing

concerning the proposed exemptions by

March 24, 2000. The Department

received six written comments and no

requests for a hearing in response to the

notice. Each of the five Applicants