47706 Federal Register / Vol. 62, No. 175 / Wednesday, September 10, 1997 / Notices

1The constituent agreements of the Partnerships

are referred to in this notice as ‘‘limited partnership

agreements.’’

OFFICE OF PERSONNEL

MANAGEMENT

Federal Prevailing Rate Advisory

Committee; Open Committee Meetings

According to the provisions of section

10 of the Federal Advisory Committee

Act (Pub. L. 92–463), notice is hereby

given that meetings of the Federal

Prevailing Rate Advisory Committee

will be held on—

Thursday, October 9, 1997

Thursday, October 23, 1997

Thursday, November 6, 1997

Thursday, November 20, 1997

Thursday, December 11, 1997

Thursday, December 18, 1997

The meetings will start at 10:00 a.m.

and will be held in Room 5A06A, Office

of Personnel Management Building,

1900 E Street, NW., Washington, DC.

The Federal Prevailing Rate Advisory

Committee is composed of a Chair, five

representatives from labor unions

holding exclusive bargaining rights for

Federal blue-collar employees, and five

representatives from Federal agencies.

Entitlement to membership on the

Committee is provided for in 5 U.S.C.

5347.

The Committee’s primary

responsibility is to review the Prevailing

Rate System and other matters pertinent

to establishing prevailing rates under

subchapter IV, chapter 53, 5 U.S.C., as

amended, and from time to time advise

the Office of Personnel Management.

These scheduled meetings will start

in open session with both labor and

management representatives attending.

During the meetings either the labor

members or the management members

may caucus separately with the Chair to

devise strategy and formulate positions.

Premature disclosure of the matters

discussed in these caucuses would

unacceptably impair the ability of the

Committee to reach a consensus on the

matters being considered and would

disrupt substantially the disposition of

its business. Therefore, these caucuses

will be closed to the public because of

a determination made by the Director of

the Office of Personnel Management

under the provisions of section 10(d) of

the Federal Advisory Committee Act

(Pub. L. 92–463) and 5 U.S.C.

552b(c)(9)(B). These caucuses may,

depending on the issues involved,

constitute a substantial portion of a

meeting.

Annually, the Chair compiles a report

of pay issues discussed and concluded

recommendations. These reports are

available to the public, upon written

request to the Committee’s Secretary.

The public is invited to submit

material in writing to the Chair on

Federal Wage System pay matters felt to

be deserving of the Committee’s

attention. Additional information on

this meeting may be obtained by

contacting the Committee’s Secretary,

Office of Personnel Management,

Federal Prevailing Rate Advisory

Committee, Room 5559, 1900 E Street,

NW., Washington, DC 20415 (202) 606–

1500.

Dated: September 4, 1997.

Phyllis G. Heuerman,

Chair, Federal Prevailing Rate Advisory

Committee.

[FR Doc. 97–23889 Filed 9–9–97; 8:45 am]

BILLING CODE 6325–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Investment Company Act Release No.

22808; 813–154]

Credit Suisse First Boston, Inc.; Notice

of Application

September 3, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for order

under sections 6(b) and 6(e) of the

Investment Company Act of 1940 (the

‘‘Act’’) granting an exemption from all

provisions of the Act, except section 9,

section 17 (except for certain provisions

of paragraphs (a), (d), (f), (g), and (j) of

section 17), sections 36 through 53, and

the rules thereunder.

SUMMARY OF APPLICATION: Applicant

Credit Suisse First Boston, Inc. requests

an order to exempt certain investment

funds formed for the benefit of key

employees of applicant and its affiliates

from most of the provisions of the Act,

and to permit the funds to engage in

certain joint arrangements. Each fund

will be an ‘‘employees’ securities

company’’ as defined in section 2(a)(13)

of the Act.

FILING DATES: The application was filed

on October 9, 1996, and amended on

March 17, June 13, and July 15, 1997.

Applicant has agreed to file an

amendment during the notice period,

the substance of which is included in

this notice.

HEARING OF 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

September 26, 1997, 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, SEC, 450 Fifth

Street, NW., Washington, DC 20549.

Applicant, 11 Madison Avenue, New

York, New York 10010.

FOR FURTHER INFORMATION CONTACT: H.R.

Hallock, Jr., Special Counsel, at (202)

942–0564, or Mercer E. Bullard, Branch

Chief, at (202) 942–0564 (Division of

Investment Management, Office of

Investment Company Regulation).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee by writing the

SEC’s Public Reference Branch at 450

Fifth Street, NW., Washington, DC

20549, or by telephone at (202) 942–

8090.

Applicant’s Representations

1. Applicant, a Delaware corporation,

is a subsidiary of Credit Suisse First

Boston, a Swiss bank. Credit Suisse First

Boston is in turn a subsidiary of Credit

Suisse Group (formerly CS Holding), a

publicly-held Swiss corporation.

Applicant and its affiliates (as defined

in rule 12b–2 under the Securities

Exchange Act of 1934 (the ‘‘1934 Act’’))

(the ‘‘CSFB Companies’’) provide a

range of banking, investment, and

financial services to corporations,

governments, and other clients

throughout the world. Credit Suisse

First Boston Corporation (‘‘CSFB

Corporation’’), a registered broker-dealer

under the 1934 Act and a registered

investment adviser under the

Investment Advisers Act of 1940, is one

of applicant’s principal subsidiaries.

2. Applicant proposes to form one or

more limited partnerships, business

trusts or limited liability companies

(‘‘Partnerships’’).1 The Partnerships,

each of which will operate as a closedend investment company, will enable

certain key employees of the CSFB

Companies to participate in investment

opportunities that come to the

Companies’ attention. The investment

objectives and strategies for each

Partnership will be set forth in a private

placement memorandum given to

investors in the Partnership (‘‘Limited

Partners’’).

3. Each Partnership will have a

general partner or manager (‘‘General