Federal Register / Vol. 62, No. 66 / Monday, April 7, 1997 / Notices 16639

10Securities Exchange Act Release No. 38280

(February 12, 1997), 62 FR 8072.

11The operational and procedural changes PTC

committed to make were: (1) Eliminating trade

reversals from PTC’s procedures to cover a

participant default; (2) phasing out the aggregate

excess net debit limitation for extensions under the

net debit monitoring level procedures; (3) making

principal and interest advances, now mandatory,

optional; (4) allowing participants to retrieve

securities in the abeyance account and not allowing

participants to reverse transfers because customers

may not be able to fulfill financial obligations to the

participants; (5) eliminating the deliverer’s security

interest and replacing it with a substitute; (6)

reexamining PTC’s account structure rules to make

them consistent with PTC’s lien procedures; (7)

expanding and diversifying PTC’s lines of credit; (8)

assuring operational integrity by developing and

constructing a back-up facility; and (9) reviewing

PTC rules and procedures for consistency with

current operations.

12On February 7, 1997, PTC filed an amended

Form CA–1 with the Commission requesting

permanent registration as a clearing agency under

Section 17A of the Act. PTC’s request is currently

under review by the Commission.

13 15 U.S.C. 78q–1(b)(3).

14 15 U.S.C. 78q–1(b)(3). 15 17 CFR 200.30–3(a)(50).

participants included twenty-seven

banks, twenty-three broker-dealers, two

government-sponsored enterprises, and

the Federal Reserve Bank of New York.

In addition, PTC declared a dividend of

$.98 per share to stockholders of record

on December 31, 1996.10

In connection with PTC’s original

temporary registration, PTC committed

to the Commission and to the Federal

Reserve Bank of New York to make a

number of operational and procedural

changes.11 Over the past year, PTC has

continued its efforts to implement these

operational and procedural changes.

Currently, only one of PTC’s original

nine commitments, the commitment to

make principal and interest advances

optional, remains outstanding. In

connection with this commitment, PTC

has made significant progress in

improving the collection process for

principal and interest payments and is

discussing with the Commission and the

Federal Reserve Bank of New York

means by which PTC can satisfy the

commitment.12

PTC has functioned effectively as a

registered clearing agency for the past

eight years. In light of PTC’s past

performance, the Commission believes

that PTC has the operational and

procedural capacity to comply with the

statutory obligations set forth under

Section 17A(b)(3) of the Act 13 as

prerequisites for registration as a

clearing agency. Comments received

during PTC’s temporary registration will

be considered in determining whether

PTC should receive permanent

registration as a clearing agency under

Section 17A(b) of the Act.14

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington, DC 20549. Copies of the

submission, all subsequent

amendments, all written statements

with respect to the request for extension

of temporary registration as a clearing

agency that are filed with the

Commission, and all written

communications relating to the

requested extension between the

Commission and any person, other than

those that may be withheld from the

public in accordance with provisions of

5 U.S.C. § 552, will be available for

inspection and copying in the

Commission’s Public Reference Section,

450 Fifth Street, NW., Washington, DC

20549. Copies of such filing also will be

available for inspection and copying at

the principal office of PTC. All

submissions should refer to File No.

600–25.

On the basis of the foregoing, the

Commission finds that PTC’s request for

extension of temporary registration as a

clearing agency is consistent with the

Act and in particular with Section 17A

of the Act.

It is therefore ordered, that PTC’s

registration as a clearing agency be and

hereby is approved on a temporary basis

through March 31, 1998.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.15

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–8794 Filed 4–4–97; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF TRANSPORTATION

Office of the Secretary

Reports, Forms and Recordkeeping

Requirements; Agency Information

Collection Activity Under OMB Review

AGENCY: Office of the Secretary, DOT.

ACTION: Notice.

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995 (44

U.S.C. Chapter 3501, et seq.) this notice

announces that the Information

Collection Request (ICR) abstracted

below has been forwarded to the Office

of Management and Budget (OMB) for

review and comment. The ICR describes

the nature of the information collection

and it’s expected cost and burden. The

Federal Register Notice with a 60-day

comment period soliciting comments on

the following collection of information

was published on December 19, 1996

[FR 61, page 67091–67092].

DATES: Comments on this notice must be

received on or before May 7, 1997.

FOR FURTHER INFORMATION CONTACT: Mr.

Kenneth C. Edgell, DOT Drug Program

Office, Office of the Secretary, S–1,

DEPC, Room 10317, Department of

Transportation, at the address above.

Telephone: (202) 366–3784.

SUPPLEMENTARY INFORMATION:

Office of the Secretary, Drug Program

Office

Title: U. S. Department of

Transportation (DOT) Breath Alcohol

Testing Form.

OMB Control Number: 2105–0529.

Affected Public: Transportation

industries.

Abstract: Under the Omnibus

Transportation Employee Testing Act of

1991, DOT is required to implement an

alcohol testing program in various

transportation industries.

Breath-alcohol technicians (BAT)

must fill out testing form. The form

includes the employee’s name, the type

of test taken, the date of the test, and the

name of the employer. Custody and

control is essential to the basis purpose

of the alcohol testing program. Data on

each test conducted, including test

results, are necessary to document tests

conducted and actions taken to ensure

safety in the workplace.

Need: This specific requirement is

elaborated in 49 CFR Part 40,

Procedures for Transportation

workplace Drug and Alcohol Testing

Programs.

Burden Estimate: The estimated

burden is 1 hour annually.

Send comments to the Office of

Information and Regulatory Affairs,

Office of Management and Budget, 725–

17th Street, NW., Washington, DC

20503, Attention DOT Desk Officer.

Comments are invited on: whether the

proposed collection of information is

necessary for the proper performance of

the functions of the Department,

including whether the information will

have practical utility; the accuracy of

the Department’s estimate of the burden

of the proposed information collection;

ways to enhance the quality, utility and

clarity of the information to be

collected; and ways to minimize the

burden of the collection of information

on respondents, including the use of

automated collection techniques or

other forms of information technology.
16640 Federal Register / Vol. 62, No. 66 / Monday, April 7, 1997 / Notices

Issued in Washington, DC, on April 1,

1997.

Vanester M. Williams,

Clearance Officer, United States Department

of Transportation.

[FR Doc. 97–8822 Filed 4–4–97; 8:45 am]

BILLING CODE 4910–62–P

DEPARTMENT OF TRANSPORTATION

Aviation Proceedings, Agreements

Filed During the Week of March 28,

1997

The following Agreements were filed

with the Department of Transportation

under the provisions of 49 U.S.C. 412

and 414. Answers may be filed within

21 days of date of filing.

Docket Number: OST–97–2264.

Date Filed: March 25, 1997.

Parties: Members of the International

Air Transport Association.

Subject:

COMP Telex Mail Vote 865

Fares from Botswana

Intended effective date: April 1, 1997

Docket Number: OST–97–2276.

Date Filed: March 27, 1997.

Parties: Members of the International

Air Transport Association.

Subject:

COMP Mail Vote 866 as amended

Advance Intended effective Date of

Mail Vote 835

(MV835 was given rubber-stamp

approval on 3/24/97).

Intended effective date: April 7, 1997

Paulette V. Twine,

Chief, Documentary Services.

[FR Doc. 97–8716 Filed 4–4–97; 8:45 am]

BILLING CODE 4910–62–P

DEPARTMENT OF TRANSPORTATION

National Highway Traffic Safety

Administration

[Docket No. 97–018; Notice 1]

Notice of Receipt of Petition for

Decision That Nonconforming 1991

Jeep Cherokee Multi-Purpose

Passenger Vehicles Are Eligible for

Importation

AGENCY: National Highway Traffic

Safety Administration, DOT.

ACTION: Notice of receipt of petition for

decision that nonconforming 1991 Jeep

Cherokee multi-purpose passenger

vehicles (MPVs) cars are eligible for

importation.

SUMMARY: This notice announces receipt

by the National Highway Traffic Safety

Administration (NHTSA) of a petition

for a decision that a 1991 Jeep Cherokee

manufactured for the European market

that was not originally manufactured to

comply with all applicable Federal

motor vehicle safety standards is

eligible for importation into the United

States because (1) It is substantially

similar to a vehicle that was originally

manufactured for sale in the United

States and that was certified by its

manufacturer as complying with the

safety standards, and (2) it is capable of

being readily altered to conform to the

standards.

DATES: The closing date for comments

on the petition is May 7, 1997.

ADDRESSES: Comments should refer to

the docket number and notice number,

and be submitted to: Docket Section,

Room 5109, National Highway Traffic

Safety Administration, 400 Seventh St.,

SW., Washington, DC 20590. [Docket

hours are from 9:30 am to 4 pm.]

FOR FURTHER INFORMATION CONTACT:

George Entwistle, Office of Vehicle

Safety Compliance, NHTSA (202–366–

5306).

SUPPLEMENTARY INFORMATION:

Background

Under 49 U.S.C. 30141(a)(1)(A), a

motor vehicle that was not originally

manufactured to conform to all

applicable Federal motor vehicle safety

standards shall be refused admission

into the United States unless NHTSA

has decided that the motor vehicle is

substantially similar to a motor vehicle

originally manufactured for importation

into and sale in the United States,

certified under 49 U.S.C. 30115, and of

the same model year as the model of the

motor vehicle to be compared, and is

capable of being readily altered to

conform to all applicable Federal motor

vehicle safety standards.

Petitions for eligibility decisions may

be submitted by either manufacturers or

importers who have registered with

NHTSA pursuant to 49 CFR part 592. As

specified in 49 CFR 593.7, NHTSA

publishes notice in the Federal Register

of each petition that it receives, and

affords interested persons an

opportunity to comment on the petition.

At the close of the comment period,

NHTSA decides, on the basis of the

petition and any comments that it has

received, whether the vehicle is eligible

for importation. The agency then

publishes this decision in the Federal

Register.

Champagne Imports, Inc. of Lansdale,

Pennsylvania (‘‘Champagne’’)

(Registered Importer 90–009) has

petitioned NHTSA to decide whether

1991 Jeep Cherokee MPVs manufactured

for the European market are eligible for

importation into the United States. The

vehicle which Champagne believes is

substantially similar is the 1991 Jeep

Cherokee that was manufactured for sale

in the United States and certified by its

manufacturer, Chrysler Corporation, as

conforming to all applicable Federal

motor vehicle safety standards.

The petitioner claims that it carefully

compared the non-U.S. certified 1991

Jeep Cherokee to its U.S. certified

counterpart, and found the two vehicles

to be substantially similar with respect

to compliance with most Federal motor

vehicle safety standards.

Champagne submitted information

with its petition intended to

demonstrate that the non-U.S. certified

1991 Jeep Cherokee, as originally

manufactured, conforms to many

Federal motor vehicle safety standards

in the same manner as its U.S. certified

counterpart, or is capable of being

readily altered to conform to those

standards.

Specifically, the petitioner claims that

the non-U.S. certified 1991 Jeep

Cherokee is identical to its U.S. certified

counterpart with respect to compliance

with Standard Nos. 102 Transmission

Shift Lever Sequence * * *, 103

Defrosting and Defogging Systems, 104

Windshield Wiping and Washing

Systems, 105 Hydraulic Brake

Systems, 106 Brake Hoses, 113 Hood

Latch Systems, 116 Brake Fluid, 119

New Pneumatic Tires, 124 Accelerator

Control Systems, 201 Occupant

Protection in Interior Impact, 202

Head Restraints, 203 Impact

Protection for the Driver From the

Steering Control System, 204 Steering

Control Rearward Displacement, 205

Glazing Materials, 206 Door Locks and

Door Retention Components, 207

Seating Systems, 209 Seat Belt

Assemblies, 210 Seat Belt Assembly

Anchorages, 212 Windshield

Retention, 216 Roof Crush Resistance,

219 Windshield Zone Intrusion, and

302 Flammability of Interior Materials.

Additionally, petitioner contends that

the non-U.S. certified 1991 Jeep

Cherokee complies with the Bumper

Standard found in 49 CFR part 581.

Petitioner also contends that the

vehicle is capable of being readily

altered to meet the following standards,

in the manner indicated:

Standard No. 101 Controls and

Displays: (a) Substitution of a lens

marked ‘‘Brake’’ for a lens with a

noncomplying symbol on the brake

failure indicator lamp; (b) installation of

a seat belt warning lamp that displays

the appropriate symbol; (c) recalibration

of the speedometer/odometer from

kilometers to miles per hour.

Standard No. 108 Lamps, Reflective

Devices and Associated Equipment: (a)