Federal Register / Vol. 62, No. 58 / Wednesday, March 26, 1997 / Notices 91

[FR Doc. 97–7554 Filed 3–25–97; 8:45 am]

BILLING CODE 3110–01–C

POSTAL SERVICE

Sunshine Act Meeting

TIMES AND DATES: 10:30 a.m., Monday,

April 7, 1997; 8:30 a.m., Tuesday, April

8, 1997.

PLACE: New Orleans, Louisiana, at the

Bourbon Orleans Hotel, 717 Orleans

Street, in the Ballroom.

STATUS: April 7 (Closed); April 8 (Open).

MATTERS TO BE CONSIDERED:

Monday, April 7—10:30 a.m. (Closed)

1. Funding Approval for Dinero

Seguro.

2. Rate Case Planning Process (Part 1

of 3).

3. Priority Mail Network.

Tuesday, April 8—8:30 a.m. (Open)

1. Minutes of the Previous Meeting,

March 3–5, 1997.

2. Remarks of the Postmaster General/

Chief Executive Officer.

3. Office of the Inspector General FY

1997 Budget.

4. Report on the New Orleans

Performance Cluster.
92 Federal Register / Vol. 62, No. 58 / Wednesday, March 26, 1997 / Notices

1Citibank (Channel Islands) Limited; Citibank,

S.A. in France; Citicorp Investment Bank (The

Netherlands) N.V.; Citibank (Zaire) S.A.R.L.;

Citibank Zambia Limited; Citicorp Nominees Pty.

Limited in Australia; Citibank Nominees (New

Zealand) Limited; Citibank Portugal, S.A.; Banco de

Honduras S.A.; Citibank Budapest Rt.; CitibankMaghreb in Morocco; Citibank (Trinidad & Tobago)

Limited; Cititrust Columbia S.A. Sociedad

Fiduciaria; Citibank (Poland) S.A.; and Citibank a.s.

in the Czech Republic (collectively, the ‘‘Citibank

Subsidiaries’’).

2 Investment Company Act Release Nos. 21087

(May 22, 1995) (notice)and 21145 (June 19, 1995)

(order).

5. Tentative Agenda for the May 5–6,

1997, meeting in Washington, DC.

CONTACT PERSON FOR MORE INFORMATION:

Thomas J. Koerber, Secretary of the

Board, U.S. Postal Service, 475 L’Enfant

Plaza, SW., Washington, DC 20260–

1000. Telephone (202) 268–4800.

Thomas J. Koerber,

Secretary.

[FR Doc. 97–7756 Filed 3–21–97; 4:33 pm]

BILLING CODE 7710–12–M

SECURITIES AND EXCHANGE

COMMISSION

Submission for OMB Review;

Comment Request

Upon Written Request, Copies Available

From: Securities and Exchange

Commission, Office of Filings and

Information Services, Washington, DC

20549

Extension:

Form 11–K, SEC File No. 270–101,

OMB Control No. 3235–0082

Form T–6, SEC File No. 270–344,

OMB Control No. 3235–0391

Notice is hereby given that, pursuant

to the Paperwork Reduction Act of 1995

(44 U.S.C. 3501 et seq.), the Securities

and Exchange Commission

(‘‘Commission’’) has submitted to the

Office of Management and Budget

requests for reinstatement of the

previously approved collections of

information discussed below.

Form 11–K is an annual report of

certain types of employee benefit plans.

It is filed by an estimated 774

respondents for a total estimated annual

burden of 23,220 hours.

Form T–6 is used to apply under

Section 310(a)(1) of the TIA for

determination of eligibility of a foreign

person to act as institutional trustee. It

is filed by an estimated 15 respondents

for a total estimated annual burden of

255 hours.

General comments regarding the

above information should be directed to

the following persons: (i) Desk Officer

for the Securities and Exchange

Commission, Office of Information and

Regulatory Affairs, Office of

Management and Budget, Room 3208,

New Executive Office Building,

Washington, D.C. 20503; and (ii)

Michael E. Bartell, Associate Executive

Director, Office of Information

Technology, Securities and Exchange

Commission, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Comments

must be submitted to OMB by April 25,

1997.

Dated: March 19, 1997.

Jonathan G. Katz,

Secretary.

[FR Doc. 97–7644 Filed 3–25–97; 8:45 am]

BILLING CODE 8010–01–M

[Release No. IC–22575; International Series

Release No. 1068; 812–10468]

Citibank, N.A., et al.; Notice of

Application

March 20, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

exemption under the Investment

Company Act of 1940 (‘‘1940 Act’’).

APPLICANTS: Citibank, N.A. (‘‘Citibank’’)

and Citicorp.

RELEVANT 1940 ACT SECTIONS: Exemption

requested under section 6(c) from

section 17(f) and rule 17f–5.

SUMMARY OF APPLICATION: Applicants

seek conditional exemptive relief from

section 17(f) of the 1940 Act and rule

17f–5 thereunder. The requested

exemption would allow Citibank to

make available direct and agency

custody arrangements for certain

securities and other assets between

United States investment companies

and Citibank T/O in the Russian

Federation.

FILING DATE: The application was filed

on December 24, 1996. Applicants have

agreed to file an additional amendment

during the notice period, the substance

of which is incorporated herein.

HEARING OR 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 applicants with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

April 14, 1997, and should be

accompanied by proof of service on

applicants, 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 who wish to be notified of a

hearing may request notification by

writing to the SEC’s Secretary.

ADDRESSES: Secretary, SEC, 450 5th

Street, N.W., Washington, D.C. 20549.

Applicants, c/o Wayne J. Rapozo, Esq.,

Skadden, Arps, Slate, Meagher & Flom

LLP, 919 Third Avenue, New York, New

York 10022–3897.

FOR FURTHER INFORMATION CONTACT:

Joseph B. McDonald, Jr., Senior

Counsel, at (202) 942–0533, or Mary Kay

Frech, 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 at the SEC’s

Public Reference Branch.

Applicants’ Representations

A. Background

1. Citibank, a United States national

banking association, is a wholly-owned

subsidiary of Citicorp, a Delaware bank

holding company. Citibank operates an

extensive custodian network through its

branches and through its own

subsidiaries and subsidiaries of

Citicorp, as well as unaffiliated

correspondent banks. As of December

31, 1995, Citibank had approximately

$966 billion in assets under custody.

2. In 1995, Citibank received

exemptive relief from the Commission

with respect to 15 foreign subsidiaries of

Citibank 1 from the provisions of section

17(f) of the 1940 Act to permit, among

other things, Citibank as the custodian

of securities and other assets (other than

cash) (the ‘‘MIC Securities’’) and cash

(the ‘‘MIC Cash’’) of any registered

management investment company,

incorporated or organized under the

laws of the United States or a state

thereof (‘‘U.S. Investment Company’’),

or as subcustodian of MIC Securities

and MIC Cash for which any other

entity is acting as custodian (the ‘‘MIC

Custodian’’), and such U.S. Investment

Company or MIC Custodian for which

Citibank so acts, to deposit or to cause

to permit the deposit of MIC Securities

and MIC Cash with such foreign

subsidiaries of Citibank (‘‘Agency

Custody Arrangements’’) (the ‘‘1995

Order’’).2

3. The 1995 Order also granted

exemptive relief permitting such foreign

subsidiaries of Citibank to serve as

custodian for U.S. Investment

Companies, or subcustodian of MIC

Securities and MIC Cash for MIC

Custodians, pursuant to direct