30904 Federal Register / V ol. 52, No. 159 / Tuesday, August 18, 1987 / Rules and Regulations

financial interest of a company in which 

the employee holds a vested pension 

interest. The appropriate agency official 

under paragraph (b)(6) of this section is 

not to grant an exemption pursuant to 

paragraph (b) of this section unless the 

Office of the General Counsel has 

reviewed the pension plan and made a 

determination that the pension interest 

is not so substantial as to be deemed 

likely to affect the integrity of the 

employee’s services to the Government, 

in that as an NRC employee the 

individual cannot in any fashion 

influence the amount of the pension.

Dated at Washington, D C , this 12th day of

August, 1987.

For the Nuclear Regulatory Commission.

S am u elJ. Chilk,

Secretary o f the Commission.

[FR Doc. 87-18852 Filed 8-17-87; 8:45 am]

BILLING CODE 7590-01-M

FEDERAL ELECTION COMMISSION

11 CFR Parts 106, 9001, 9002,9003, 

9004, 9005, 9006, 9007,9012, and 9031, 

9032, 9033, 9034, 9035,9036,9037,

9038 and 9039

[Notice 1987-10]

Public Financing of Presidential 

Primary and General Election 

Candidates

a g e n c y : Federal Election Commission. 

a c t i o n : Final rule: Announcement of 

effective date and correction of 

explanation and justification.

SUMMARY: On June 3,1987 (52 FR 20864), 

the Commission published the text of 

regulations which implement the 

Presidential Election Campaign Fund 

Act and the Presidential Primary 

Matching Payment Account Act, 26 

U.S.C. 9001 et seq. and 9031 et seq. The 

Commission announces that these 

regulations are effective as of August 18, 

1987. In addition, the Commission notes 

two corrections in the Explanation and 

Justification published in the June 3 

notice.

EFFECTIVE DATE: August 18, 1987.

FOR FURTHER INFORMATION CONTACT:

Ms. Susan E. Propper, Assistant General 

Counsel, 999 E Street, NW., Washington, 

DC 20463, (202) 376-5690 or (800) 424- 

9530.

SUPPLEMENTARY INFORMATION: 26 U.S.C. 

9009(c) and 9039(c) require that any rule 

or regulation proposed by the 

Commission to implement Chapters 95 

and 96 of Title 26, United States Code, 

be transmitted to the Speaker of the 

House of Representatives and the 

President of the Senate prior to final

promulgation. If neither House of 

Congress disapproves the regulation 

within 30 legislative days after its 

transmittal, the Commission may finally 

prescribe the regulations in question.

The regulations made effective by this 

notice were transmitted to Congress on 

May 26,1987. Thirty legislative days 

expired in the House and Senate as of 

August 3,1987.

Announcement of Effective Date

11 CFR 106.2, Parts 9001 through 9007, 

9012, and 9031 through 9039, as 

published at 52 FR 20864, are effective 

as of August 18,1987.

Correction of Explanation and 

Justification

The Explanation and Justification 

published on June 3 and transmitted to 

Congress inadvertently omitted two 

changes made by the Commission at its 

meeting of May 21,1987. At that 

meeting, the Commission decided to 

remove the dates limiting the time 

period within which it would make 

determinations that a candidate was 

inactive under 11 CFR 9033.6. Although 

the final rule reflected this change, the 

Explanation and Justification did not.

See 52 FR 20869. Thus, the Explanation 

and Justification for § 9033.6 (52 FR 

20869) should read as follows:

Section 9033.6 Determination of

Inactive Candidacy. Paragraph (a) has 

been amended to remove the time 

limitation on when the Commission may 

determine that a candidate is no longer 

actively campaigning in more than one 

state. If it appears at any time that an 

individual is not an active candidate 

under this section, the Commission may 

make an appropriate determination 

regarding the candidate’s entitlement to 

matching funds.

The time within which a candidate 

may respond to a Commission 

notification under this section has been 

changed to run from the date of service 

of the Commission’s notice.

In addition, the Commission decided 

at its May 21 meeting to clarify the 

Explanation of its changes to 11 CFR

9004.6 and 9034.6, regarding 

reimbursement for transportation and 

services provided to media personnel. 

The June 3 notice included the revised 

language in the Explanation of section

9004.6 but failed to reflect the same 

revisions in the Explanation of section 

9034.6. Compare, 52 FR 20866 and 52 FR 

20871. Therefore, (52 FR 20871) the last 

sentence of the first paragraph and the 

first sentence of the second paragraph of 

the Explanation and Justification for 

section 9034.6 should read as follows:

Section 9034.6 Reimbursements for

Transportation and Services Made

Available to Media Personnel * * *

Conversely, if the campaign receives the 

full $220 from the reporter, it may only 

deduct $200 from the limit because the 

deduction may not exceed the direct 

cost to the campaign under the rules that 

were applicable to the 1984 election 

cycle.

There are two reasons why the 1984 

rules allow campaigns to bill 110% of 

their direct costs to the media even 

though only 100% may be offset against 

the limit. * * *

Dated: August 13,1987.

Scott E. Thomas,

Chairman, Federal Election Com m ission.

[FR Doc. 87-18818 Filed 8-17-87; 8:45 am]

BILLING CODE 6715-01-M

FEDERAL RESERVE SYSTEM

12 CFR PART 205

[Reg. E; Docket No. R-0578]

Electronic Fund Transfers

a g e n c y : Board of Governors of the 

Federal Reserve System. 

a c t i o n : Final rule.

SUMMARY: The Board has amended the 

requirements applicable under 

Regulation E to electronic fund transfer 

(EFT) services initiated by non-accountholding financial institutions (at point of 

sale, for example) and processed 

through the automated clearing house 

system for debiting to a consumer’s 

account. The amendments eliminate the 

periodic statement requirement for 

persons that provide EFT services to 

consumers, but do not hold consumer 

accounts, if they

(1) Issue a debit card to the consumer 

that includes an address or telephone 

number to be used by the consumer to 

contact the service provider:

(2) Send inforjnation needed to 

identify the transaction in accordance 

with Regulation E (including the 

terminal location) to the account-holding 

financial institution; and

(3) Extend the time periods available 

to the consumer for notice of errors and 

lost or stolen debit cards, and give 

certain additional disclosures.

The amendments will also require 

account-holding financial institutions to 

include a description of these EFT 

transactions on periodic statements 

provided to their customers.

These amendments were made in 

response to requests from financial 

institutions and from service providers, 

current and potential. Changes to the 

regulation were proposed by the Board