Federal Register / Vol. 62, No. 218 / Wednesday, November 12, 1997 / Notices 60747

and seven distorted. All 18 cans tested

were over-pressurized at 70° F. and

those cans that did not leak or burst

prior to 130° F were also overpressurized.

A person who possesses a can of HC–

12a described in this safety notice

should ensure that the can is not offered

for transportation or transported and

that it is stored in a cool or refrigerated

location. If you have further questions,

please contact Mr. LaMagdelaine.

Issued in Washington, D.C. on November 5,

1997.

Alan I. Roberts,

Associate Administrator for Hazardous

Materials Safety.

[FR Doc. 97–29720 Filed 11–10–97; 8:45 am]

BILLING CODE 4910–60–P

DEPARTMENT OF TRANSPORTATION

Research and Special Programs

Administration

Potential Failure of Check Valves

Following Remanufacturing

AGENCY: Research and Special Programs

Administration (RSPA), DOT.

ACTION: Notice; issuance of advisory

bulletin.

SUMMARY: RSPA is issuing an advisory

bulletin to owners and operators of

Hazardous Liquid and Natural Gas

Pipelines. The bulletin advises the

industry about potential failure of check

valves following remanufacture.

ADDRESSES: This document can be

viewed on the Office of Pipeline Safety

(OPS) home page at: http://ops.dot.gov.

FOR FURTHER INFORMATION CONTACT:

Linda Daugherty, (202) 366–4577.

SUPPLEMENTARY INFORMATION:

I. Background

In a recent accident, a hazardous

liquid pipeline cleaning pig was late

arriving at a pump station. The pig was

thought to be lodged in the check valve

due to the noise level at the valve. The

valve was equipped with a lock open

device and the wrench was locked in

the open position by a bolt intended for

that function. An attempt was made to

remove the bolt from the operating

handle on the check valve in order to

exercise the valve and dislodge the

cleaning pig. The wrench locking bolt

was moved about one-half of a turn and

the shaft unexpectedly blew out of the

valve releasing liquefied petroleum gas

into the environment. The on-site valve

inspection indicated that the valve stem

was held in place only by the locking

bolt. The clapper and hinge were

detached and the set screws were

missing.

II. Advisory Bulletin (ADB–97–05)

To: Owners and Operators of

Hazardous Liquid and Natural Gas

Pipelines.

Subject: Potential Failure of Check

Valves Following Remanufacturing.

Purpose: Inform system owners and

operators of the need to inspect/test

remanufactured check valves.

Advisory: Recent information

discovered during the course of an

Office of Pipeline Safety (OPS) accident

investigation indicates certain older

check valves were not remanufactured

within specified tolerances. Significant

differences were found in several of the

same type of remanufactured check

valves. All of the shafts were different

and none of the valves appear to match

the description given in the check valve

remanufacture procedure. Additionally,

the valves were assembled differently.

Evaluation of other remanufactured

check valves also shows evidence of

improper reassembly.

Remanufactured check valves should

undergo a thorough quality assessment

to assure tolerances are within design

parameters, particularly valves where

the shaft is retained inside the valve by

set screws. Operators should consider

including testing or inspection as part of

the quality assessment. Remanufactured

check valves currently in service are

included in this advisory because

damage to a pipeline and release of

pressurized product may occur as a

result of improper remanufacturing of

check valves.

OPS recommends operators also be

aware of an October 20, 1997,

Environmental Protection Agency (EPA)

and Occupational Safety and Health

Administration Joint Safety Alert (Alert)

concerning a similar but unrelated

problem with certain types of check and

butterfly valves. According to the Alert,

certain types of check and butterfly

valves can undergo shaft-disk separation

and fail catastrophically or ‘‘blow-out’’.

For more information on the Alert, visit

the EPA CEPPO home page at http://

www.epa.gov/swercepp/ or contact the

Emergency Planning and Community

Right-to-Know Hotline at 1–800–424–

9346 or 703–412–9810.

(49 U.S.C. Chapter 601; 49 CFR 1.53)

Issued in Washington, D.C. on November 5,

1997.

Stacey L. Gerard,

Acting Director for Program Development.

[FR Doc. 97–29721 Filed 11–10–97; 8:45 am]

BILLING CODE 4010–60–P

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

Release of Waybill Data

The Surface Transportation Board has

received a request from Covington &

Burling on behalf of Union Pacific

Corporation (WB468–4—10/28/97), for

permission to use certain data from the

Board’s Carload Waybill Samples. A

copy of the request may be obtained

from the Office of Economics,

Environmental Analysis, and

Administration.

The waybill sample contains

confidential railroad and shipper data;

therefore, if any parties object to these

requests, they should file their

objections with the Director of the

Board’s Office of Economics,

Environmental Analysis, and

Administration within 14 calendar days

of the date of this notice. The rules for

release of waybill data are codified at 49

CFR 1244.8.

Contact: James A. Nash, (202) 565–1542.

Vernon A. Williams,

Secretary.

[FR Doc. 97–29767 Filed 11–10–97; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF THE TREASURY

Customs Service

Quarterly IRS Interest Rates Used in

Calculating Interest on Overdue

Accounts and Refunds on Customs

Duties

AGENCY: Customs Service, Treasury.

ACTION: General notice.

SUMMARY: This notice advises the public

of the quarterly Internal Revenue

Service interest rates used to calculate

interest on overdue accounts and

refunds of Customs duties. For the

quarter beginning October 1, 1997, the

rates will remain at 8 percent for

overpayments and 9 percent for

underpayments. This notice is

published for the convenience of the

importing public and Customs

personnel.

EFFECTIVE DATE: October 1, 1997.

FOR FURTHER INFORMATION CONTACT:

Ronald Wyman, Accounting Services

Division, Accounts Receivable Group,

6026 Lakeside Boulevard, Indianapolis,

Indiana 46278, (317) 298–1200,

extension 1349.
60748 Federal Register / Vol. 62, No. 218 / Wednesday, November 12, 1997 / Notices

SUPPLEMENTARY INFORMATION:

Background

Pursuant to 19 U.S.C. 1505 and

Treasury Decision 85–93, published in

the Federal Register on May 29, 1985

(50 FR 21832), the interest rate paid on

applicable overpayments or

underpayments of Customs duties shall

be in accordance with the Internal

Revenue Code rate established under 26

U.S.C. 6621 and 6622. Interest rates are

determined based on the short-term

Federal rate. The interest rate that

Treasury pays on overpayments will be

the short-term Federal rate plus two

percentage points. The interest rate paid

to the Treasury for underpayments will

be the short-term Federal rate plus three

percentage points. The rates will be

rounded to the nearest full percentage.

The interest rates are determined by

the Internal Revenue Service (IRS) on

behalf of the Secretary of the Treasury

based on the average market yield on

outstanding marketable obligations of

the U.S. with remaining periods to

maturity of 3 years or less, and fluctuate

quarterly. The rates effective for a

quarter are determined during the firstmonth period of the previous quarter.

The IRS announced September 12,

1997, that the rates of interest for the

first quarter of fiscal year (FY) 1998 (the

period of October 1–December 31, 1997)

will remain at 8 percent for

overpayments and 9 percent for

underpayments. These interest rates are

subject to change for the second quarter

of FY–1998 (the period of January 1–

March 31, 1998).

For the convenience of the importing

public and Customs personnel the

following list of Internal Revenue

Service interest rates used, since July 1,

1975 to date, to calculate interest on

overdue accounts and refunds of

Customs duties, is published in

summary format.

Beginning

date

Ending

date

Underpayments

(percent)

Over-payments

(percent)

070175 013176 9 9

020176 013178 7 7

020178 013180 6 6

020180 013182 12 12

020182 123182 20 20

010183 063083 16 16

070183 123184 11 11

010185 063085 13 13

070185 123185 11 11

010186 063086 10 10

070186 123186 9 9

010187 093087 9 8

100187 123187 10 9

010188 033188 11 10

040188 093088 10 9

100188 033189 11 10

040189 093089 12 11

Beginning

date

Ending

date

Underpayments

(percent)

Over-payments

(percent)

100189 033191 11 10

040191 123191 10 9

010192 033192 9 8

040192 093092 8 7

100192 063094 7 6

070194 093094 8 7

100194 033195 9 8

040195 063095 10 9

070195 033196 9 8

040196 063096 8 7

070196 033197 9 8

Dated: November 5, 1997.

Samuel H. Banks,

Acting Commissioner of Customs.

[FR Doc. 97–29663 Filed 11–10–97; 8:45 am]

BILLING CODE 4820–02–P

DEPARTMENT OF THE TREASURY

Fiscal Service

1998 Fee Schedule for the Transfer of

U.S. Treasury Book-Entry Securities

Held at Federal Reserve Banks

AGENCY: Bureau of the Public Debt,

Fiscal Service, Department of the

Treasury.

ACTION: Notice.

SUMMARY: The Department of the

Treasury is announcing the schedule of

fees to be charged in 1998 on the

transfer of book-entry Treasury

securities between depository

institution accounts maintained at

Federal Reserve Banks and Branches, as

well as transfers to and from Federal

Reserve Bank accounts.

EFFECTIVE DATE: January 1, 1998.

FOR FURTHER INFORMATION CONTACT:

Carl M. Locken, Jr., Assistant

Commissioner (Financing), Bureau of

the Public Debt, Room 534, E St.

Building, Washington, D.C. 20239–

0001, telephone (202) 219–3350.

Diane M. Polowczuk, Government

Securities Specialist, Bureau of the

Public Debt, Room 534, E St.

Building, Washington, D.C. 20239–

0001, telephone (202) 219–3350.

SUPPLEMENTARY INFORMATION: On

October 1, 1985, the Department of the

Treasury established a fee schedule for

the transfer of Treasury book-entry

securities between one book-entry

account to another book-entry account

of the same depository institution, and

between the accounts of one depository

institution and the accounts of another

depository institution that maintain

their accounts at Federal Reserve Banks

and Branches. This fee schedule also

applies to the book-entry transfer of

securities between depositary

institution accounts and Federal

Reserve Bank accounts.

Based on the latest review of bookentry costs and volumes, the Treasury

has decided that the fees for securities

transfers in 1998 should remain

unchanged from the levels currently in

effect.

The fees described in this notice

apply only to the transfer of Treasury

book-entry securities. The Federal

Reserve System assesses the fees to

recover the costs associated with the

processing of the funds component of

Treasury book-entry transfer messages,

as well as the costs of providing bookentry services for Government agencies.

Information concerning book-entry

transfers of government agency

securities, which are priced by the

Federal Reserve System, is set out in a

separate notice published by the Board

of Governors of the Federal Reserve

System.

The following is the Treasury fee

schedule that will be effective January 1,

1998, for the Treasury book-entry

transfer service:

1998 FEE SCHEDULE

Cost per

transfer

On-line transfers originated ............ $1.65

On-line reversal transfers received 1.65

Off-line transfers originated ............ 9.40

Off-line transfers received .............. 9.40

Off-line reversal transfers received 9.40

Dated: October 31, 1997.

Gerald Murphy,

Fiscal Assistant Secretary.

[FR Doc. 97–29719 Filed 11–10–97; 8:45 am]

BILLING CODE 4810–35–P

DEPARTMENT OF THE TREASURY

Fiscal Service

Surety Companies Acceptable on

Federal Bonds Termination of

Authority

AGENCY: Financial Management Service,

Fiscal Service, Department of the

Treasury.

ACTION: Surety Companies Acceptable

on Federal Bonds Termination of

Authority: Cumberland Surety

Insurance Company, Inc.

SUMMARY: Dept. Circ. 570, 1997—Rev.,

Supp. No. 2.

FOR FURTHER INFORMATION CONTACT:

Surety Bond Branch (202) 874–6779.

SUPPLEMENTARY INFORMATION: Notice is

hereby given that the Certification of