43096 Federal Register / Vol. 62, No. 155 / Tuesday, August 12, 1997 / Rules and Regulations

Highlights of Treasury Offering of 45-Day Cash Management Bill

February 25, 20XX

OFFERING AMOUNT ..................................................................................... $23,000 million.

DESCRIPTION OF OFFERING:.

Term and type of security ................................................................ 45-day Cash Management Bill.

CUSIP number .................................................................................. 912794 XX X.

Auction date ..................................................................................... February 27, 20XX.

Issue date .......................................................................................... March 3, 20XX.

Maturity date .................................................................................... April 17, 20XX.

Original issue date ............................................................................ October 17, 20XX.

Currently outstanding ...................................................................... $24,724 million.

Minimum bid amount ...................................................................... $10,000.

Multiples ........................................................................................... $1,000.

Minimum to hold amount ............................................................... $10,000.

Multiples to hold .............................................................................. $1,000.

SUBMISSION OF BIDS:

Noncompetitive bids ........................................................................ Accepted in full up to $1,000,000 at the average discount rate of accepted competitive bids.

Competitive bids ............................................................................... (1) Must be expressed as a discount rate with two decimals in increments of .01%, e.g., 7.12%.

(2) Net long position for each bidder must be reported when the

sum of the total bid amount, at all discount rates, and the net long

position is $1 billion or greater.

(3) Net long position must be determined as of one half-hour prior

to the closing time for receipt of competitive tenders.

MAXIMUM RECOGNIZED BID AT A SINGLE YIELD ............................................ 35% of public offering.

MAXIMUM AWARD ........................................................................................ 35% of public offering.

RECEIPT OF TENDERS:

Noncompetitive tenders ................................................................... Prior to 11:00 a.m. Eastern Standard time on auction day.

Competitive tenders ......................................................................... Prior to 11:30 a.m. Eastern Standard time on auction day.

PAYMENT TERMS ......................................................................................... Full payment with tender or by charge to a funds account at a Federal Reserve Bank on issue date.

* * * * *

[FR Doc. 97–21277 Filed 8–11–97; 8:45 am]

BILLING CODE 4810–39–W

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 117

[CGD13–95–011]

RIN–2115–AE47

Drawbridge Operation Regulations;

Hood Canal, WA

AGENCY: Coast Guard, DOT.

ACTION: Final rule.

SUMMARY: At the request of the

Washington State Department of

Transportation (WSDOT), the Coast

Guard is amending the regulations

governing the operation of the Hood

Canal Bridge at Port Gamble,

Washington. This change limits the

width of the opening of the retractable

span of the floating bridge to 300 feet of

horizontal clearance unless a maximum

horizontal clearance of 600 feet is

specifically requested by the vessel

operator.

EFFECTIVE DATE: September 11, 1997.

ADDRESSES: Unless otherwise noted,

documents referred to in this preamble

are available for inspection and copying

at Commander (oan), Thirteenth Coast

Guard District, 915 Second Avenue,

Seattle, Washington 98174–1067.

Normal office hours are between 7:45

a.m. and 4:15 p.m., Monday through

Friday, except federal holidays.

FOR FURTHER INFORMATION CONTACT: John

E. Mikesell, Chief, Plans and Programs

Section, Aids to Navigation and

Waterways Management Branch,

(Telephone: (206) 220–7270).

SUPPLEMENTARY INFORMATION:

Drafting Information

The drafters of this notice are Austin

Pratt, Project Officer, and Lieutenant

Commander John C. Odell, Project

Attorney, Thirteenth Coast Guard

District Legal Office.

Regulatory History

On November 1, 1995, the Coast

Guard published a notice of proposed

rulemaking entitled Drawbridge

Operation Regulation; Hood Canal,

Washington, in the Federal Register (60

FR 55515). A single comment was

received which favored the proposed

change.

Background and Purpose

This change allows the floating

retractable span of the Hood Canal

Bridge to open halfway (300 feet) for the

passage of most vessels instead of the

maximum (600 feet). Current regulations

at 33 CFR 117.5 state that, unless

otherwise required, drawbridges shall

be fully opened for the passage of

vessels. The drawspan of the Hood

Canal is extremely wide compared to

the majority of drawbridges. Unlike

many drawbridges, no part of the draw

mechanism is suspended above the

channel when opened. Opening only to

300 feet for the vast majority of

openings will reduce energy

consumption and maintenance costs as

well as shorten delays to roadway

traffic. A full opening and closure of the

bridge, not including vessel transit time,

takes at least fifteen minutes. This is

two or three times longer than the

opening and closing time of many other

drawbridges. WSDOT has observed that

only one or two openings out of an

average of about 32 openings per month

are for vessels that need the span fully

opened to pass safely. The remaining

vessels pass safely through a horizontal

opening of only 300 feet. In practice,

many vessels routinely pass through the

bridge before the retractable span has

been fully opened.

Discussion of Comments and Changes

The single comment received was

from the United States Navy which is

the entity most often in need of full

openings for the safe passage of large

vessels on Hood Canal. This change is

not expected to affect naval operations
Federal Register / Vol. 62, No. 155 / Tuesday, August 12, 1997 / Rules and Regulations 43097

because a full opening of the retractable

span may be demanded at any time.

This change merely alleviates the

bridge owner from providing full

openings unless such an opening is

specified by the master of a vessel. This

is contrary to normal operations which

mandate full opening for any request for

passage. Because the only comment was

in support of the proposed amendment,

this final rule is being adopted as

originally proposed.

Regulatory Evaluation

This rule is not a significant

regulatory action under 3(f) of Executive

Order 12866 and does not require an

assessment of potential cost and benefits

under section 6(a)(3) of that order. It has

been exempted from review 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 expectation is based on the fact

that most vessels only need a 300-foot

opening and that vessels needing a 600-

foot opening will be able to obtain one

promptly by requesting it from the

bridgetender on duty.

Small Entities

The Coast Guard finds that the impact

on small entities, if any, is not

substantial. Therefore, the Coast Guard

certifies under 5 U.S.C. 605(b) that this

action will not have a significant impact

on a significant number of small

entities.

Collection of Information

This rule contains no collection of

information requirements under the

Paperwork Reduction Act (44 U.S.C.

3501–3520).

Federalism

The Coast Guard has analyzed this

action under the principles and criteria

contained in Executive Order 12612,

and it has been determined that the

rulemaking 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. of

Commandant Instruction M16475.B,

this rule is categorically excluded from

further environmental documentation.

A ‘‘Categorical Exclusion

Determination’’ is available in the

docket for inspection or copying.

List of Subjects in 33 CFR Part 117

Bridges.

Regulations

For the reasons set out in the

preamble, the Coast Guard amends part

117 of title 33, Code of Federal

Regulations, 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.

2. Paragraph (a) of section 117.1045 is

revised to read as follows:

§ 117.1045 Hood Canal.

* * * * *

(a) The draw shall open on signal if

at least one hour’s notice is given. The

draw shall be opened horizontally for

300 feet unless the maximum opening of

600 feet is requested.

* * * * *

Dated: July 29, 1997.

J. David Spade,

Rear Admiral, U.S. Coast Guard Commander,

13th Coast Guard District.

[FR Doc. 97–21258 Filed 8–11–97; 8:45 am]

BILLING CODE 4910–14–M

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 117

[CGD09–97–008]

RIN–2115–AE47

Drawbridge Operation Regulations;

Grand River, MI

AGENCY: Coast Guard, DOT.

ACTION: Final rule.

SUMMARY: The Coast Guard is revising

the regulation governing the operations

of the CSX Transportation bridge and

U.S. Route 31 bridge, miles 2.8 and 2.9,

respectively, over the Grand River in

Grand Haven, MI. This rule was

initiated at the request of the cities

served on Grand River to relieve

vehicular traffic congestion and still

provide for the reasonable needs of

navigation, especially during rush-hour

periods. Additionally, the Coast Guard

has reduced the required time that a

vessel must provide advance notice

from 24 hours to 12 hours during winter

months for both bridges.

DATES: This regulation is effective on

August 16, 1997.

ADDRESSES: Documents concerning this

regulation are available for inspection

and copying at 1240 East Ninth Street,

Room 2019, Cleveland, OH 44199–2060

between 6:30 a.m. and 3 p.m., Monday

through Friday, except Federal holidays.

The telephone number is (216) 902–

6084.

FOR FURTHER INFORMATION CONTACT: Mr.

Robert W. Bloom, Project Manager,

Bridge Branch at (216) 902–6084.

SUPPLEMENTARY INFORMATION:

Regulatory History

The Coast Guard published a notice of

proposed rulemaking (NPRM) on

Friday, April 18, 1997 (62 FR 19082).

Currently, the U.S. Route 31 bridge is

required to open on signal 3 minutes

before to 3 minutes after the hour and

half-hour between 6:03 a.m. and 9:03

p.m. for recreational vessels. Under the

proposed schedule, the bridge would be

required to open on signal for

recreational vessels once an hour, on the

half-hour, 7 days a week, from 6:30 a.m.

to 8:30 p.m., except the bridge need not

open at 7:30 a.m., 12:30 p.m., and 5:30

p.m. on Mondays, Tuesdays, Thursdays,

and Fridays. On Wednesdays, the bridge

need not open at 7:30 a.m., to 12:30 p.m.

and 4:30 p.m. As before, the bridge will

open on signal for commercial vessel

traffic.

In addition to the proposed schedule

of openings for recreational vessel traffic

at the U.S. 31 bridge, the NPRM

outlined the change to the advance

notice requirement for vessels

requesting openings at the CSX

Transportation and U.S. Route 31

bridges between December 15 and

March 15 each year. In order to provide

uniform guidelines for mariners and

satisfy the needs of increased

commercial vessel traffic on Grand

River, the advance notice requirement

for vessels requesting openings during

winter months is reduced from 24 hours

to 12 hours at both bridges.

No comments were received in

response to the NPRM. A public hearing

was not requested and, therefore, was

not held.

A notice of temporary deviation from

regulations was approved by the District

Commander and published in the

Federal Register on Friday, May 9, 1997

(62 FR 25514). The temporary deviation

schedule was effective between May 15

and August 15, 1997. The temporary

deviation schedule was identical to the

proposal in the NPRM and the

provisions of this final rule. Comments

concerning the temporary hours were