15944 Federal Register / Vol. 62, No. 64 / Thursday, April 3, 1997 / Notices

The proposed design change for the

brakes will not affect individual or

cumulative occupational radiation

exposure.

3. The proposed amendment will not

result in a significant construction

impact.

The proposed change will not result

in any construction, therefore, there will

be no construction impacts.

4. The proposed amendment will not

result in a significant increase in the

potential for, or radiological or chemical

consequences from, previously analyzed

accidents.

The proposed change involves a

change to the description of the safety

features on the feed facility cranes. The

changes are being made to reflect the

field configuration of the cranes. The

brake design in question complies with

the requirements of ANSI B30.2–1990

and will continue to perform its safety

function. As such, the potential of

occurrence of an evaluated event is

unaffected. The consequences of

previously evaluated accidents are not

increased.

5. The proposed amendment will not

result in the possibility of a new or

different kind of accident.

The proposed changes revise the

design feature for the brakes of the feed

facility cranes to match the field

configuration. The brakes meet ANSI

B30.2–1990 and will continue to meet

their safety feature. The change does not

create the possibility for a new or

different type of accident.

6. The proposed amendment will not

result in a significant reduction in any

margin of safety.

The brake designs for the cranes

comply with the requirements of ANSI

B30.2–1990. The TSR change is

necessary to reflect the field

configuration of the brakes. The

accident analysis is not affected by this

change. The proposed changes cause no

reductions in the margins of safety.

7. The proposed amendment will not

result in an overall decrease in the

effectiveness of the plant’s safety,

safeguards or security programs.

The proposed TSR change is being

made to reflect the field configuration of

the brakes for the feed facility cranes.

The effectiveness of the safety,

safeguards, and security programs is not

decreased.

Effective date: Upon issuance of

amendment.

Certificate of Compliance No. GDP–1:

Amendment will revise a Technical

Safety Requirement on crane design and

incorporate Safety Analysis Report

changes.

Local Public Document Room

location: Paducah Public Library, 555

Washington Street, Paducah, Kentucky

42003.

Dated at Rockville, MD, this 27th day of

March 1997.

For the Nuclear Regulatory Commission.

Carl J. Paperiello, Director,

Office of Nuclear Material Safety and

Safeguards.

[FR Doc. 97–8546 Filed 4–2–97; 8:45 am]

BILLING CODE 7590–01–P

RAILROAD RETIREMENT BOARD

Agency Forms Submitted for OMB

Review

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995 (44

U.S.C. Chapter 35), the Railroad

Retirement Board has submitted the

following proposal(s) for the collection

of information to the Office of

Management and Budget for review and

approval.

SUMMARY OF PROPOSAL(S):

(1) Collection title: Application and

Claim for Unemployment Benefits and

Employment Service.

(2) Form(s) submitted: UI–1, UI–3.

(3) OMB Number: 3220–0022.

(4) Expiration date of current OMB

clearance: 4/30/98.

(5) Type of request: Revision of a

currently approved collection.

(6) Respondents: Individuals or

households.

(7) Estimated annual number of

respondents: 294,000.

(8) Total annual responses: 294,000.

(9) Total annual reporting hours:

31,333.

(10) Collection description: Under

Section 2 of the Railroad

Unemployment Insurance Act,

unemployment benefits are provided for

qualified railroad employees. The

collection obtains the information

needed for determining the eligibility to

and amount of such benefits from

railroad employees.

ADDITIONAL INFORMATION OR COMMENTS:

Copies of the form and supporting

documents can be obtained from Chuck

Mierzwa, the agency clearance officer

(312–751–3363). Comments regarding

the information collection should be

addressed to Ronald J. Hodapp, Railroad

Retirement Board, 844 North Rush

Street, Chicago, Illinois 60611–2092 and

the OMB reviewer, Laura Oliven (202–

395–7316), Office of Management and

Budget, Room 10230, New Executive

Office Building, Washington, DC 20503.

Chuck Mierzwa,

Clearance Officer.

[FR Doc. 97–8524 Filed 4–2–97; 8:45 am]

BILLING CODE 7905–01–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:

Rule 17a–8, SEC File No. 270–225, OMB

Control No. 3235–0235

Form N–8F, SEC File No. 270–136, OMB

Control No. 3235–0157

Form N–23C–1, SEC File No. 270–230,

OMB Control No. 3235–0230

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 approval of extension on

previously approved collections of

information:

Rule 17a–8 exempts certain mergers

and similar business combinations

(‘‘mergers’’) of affiliated registered

investment companies (‘‘funds’’) from

section 17(a)’s prohibitions on

purchases and sales between a fund and

its affiliates. The rule requires fund

directors to consider certain issues and

to record their findings in board

minutes. The average annual burden of

meeting the requirements of Rule 17a–

8 is estimated to be 1.5 hours for each

fund. The Commission estimates that

about seventeen funds rely each year on

the rule. The total average annual

burden for all respondents is therefore

twenty-six hours.

Form N–8F is the form prescribed for

use by registered investment companies

in certain circumstances to request

orders of the Commission declaring that

they have ceased to be investment

companies. The form takes

approximately 6 hours to complete. It is

estimated that approximately 160

investment companies file Form N–8F

annually, for a total annual burden of

960 hours.

Form N–23C–1 assists the

Commission and the public in

monitoring repurchases by closed-end

investment companies (‘‘closed-end

funds’’) of their own securities under

Rule 23c–1, which permits such

repurchases in limited circumstances

subject to certain safeguards. The form,

which must be filed within the first 10

days of the calendar month following

any month in which securities are

repurchased, requires the closed-end

fund to report certain information

including the date, amount, and price of

repurchases and other information. It is
Federal Register / Vol. 62, No. 64 / Thursday, April 3, 1997 / Notices 15945

1Paragraph (a)(4) of NASD Rule 2810, ‘‘Direct

Participation Programs,’’ defines a DPP as ‘‘a

program which provides for flow-through tax

consequences regardless of the structure of the legal

entity or vehicle for distribution including, but not

limited to, oil and gas programs, real estate

programs, agricultural programs, cattle programs,

condominium securities, Subchapter S corporate

offerings and all other programs of a similar nature.

. . .’’ According to NASD Regulation, this

definition would cover most limited partnerships

and specifically excludes real estate investment

trusts.

estimated that four closed-end funds are

affected by the rule each year, and that

they file approximately 23 reports in

total each year (based on the average of

0 to 12 reports filed annually by each

fund) requiring one hour per report, for

a total of 23 annual burden hours.

General comments regarding the

estimated burden hours should be

directed to the Desk Officer for the

Securities and Exchange Commission at

the address below. Any comments

concerning the accuracy of the

estimated average burden hours for

compliance with Commission rules and

forms should be directed to Michael E.

Bartell, Associate Executive Director,

Office of Information Technology,

Securities and Exchange Commission,

450 Fifth Street, N.W., Washington, D.C.

20549 and 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.

Dated: March 26, 1997.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–8471 Filed 4–2–97; 8:45 am]

BILLING CODE 8010–01–M

Sunshine Act Meetings

Notice is hereby given, pursuant to

the provisions of the Government in the

Sunshine Act, Pub. L. 94–409, that the

Securities and Exchange Commission

will hold the following meetings during

the week of April 7, 1997.

An open meeting will be held on

Tuesday, April 8, 1997, at 10:00 a.m. A

closed meeting will be held on

Wednesday, April 9, 1997, at 10:00 a.m.

Commissioners, Counsel to the

Commissioners, the Secretary to the

Commission, and recording secretaries

will attend the closed meeting. Certain

staff members who have an interest in

the matters may also be present.

The General Counsel of the

Commission, or his designee, has

certified that, in his opinion, one or

more of the exemptions set forth in 5

U.S.C. 552b(c) (4), (8), (9)(A) and (10)

and 17 CFR 200.402(a) (4), (8), (9)(i) and

(10), permit consideration of the

scheduled matters at the closed meeting.

Commissioner Hunt, as duty officer,

voted to consider the items listed for the

closed meeting in a closed session.

The subject matter of the open

meeting scheduled for Tuesday, April 8,

1997, at 10:00 a.m., will be:

The Commission will meet with

representatives from the American Society of

Corporate Secretaries to discuss a number of

issues of mutual interest, including the Plain

English pilot program and proposing release,

EDGAR and electronic dissemination of

information to shareholders, the shareholder

proposal rules, Rule 144, direct shareholder

communications, direct registration and

direct purchase plans, and lost securities

holders. For further information, please

contact Marija Willen at (202) 942–2840.

The subject matter of the closed

meeting scheduled for Wednesday,

April 9, 1997, at 10:00 a.m., will be:

Institution of injunctive actions.

Institution and settlement of administrative

proceedings of an enforcement nature.

At times, changes in Commission

priorities require alternations in the

scheduling of meeting items. For further

information and to ascertain what, if

any, matters have been added, deleted

or postponed, please contact: The Office

of the Secretary at (202) 942–7070.

Dated: April 1, 1997.

Jonathan G. Katz,

Secretary.

[FR Doc. 97–8652 Filed 4–1–97; 2:41 am]

BILLING CODE 8010–01–M

[Release No. 34–38451; File No. SR–NASD–

97–12]

Self-Regulatory Organizations; Notice

of Filing of Proposed Rule Change by

the National Association of Securities

Dealers, Inc., Relating to the Valuation

of Illiquid Direct Participation Program

and Real Estate Investment Trust

Securities on Customer Account

Statements

March 27, 1997.

Pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’), 15 U.S.C. 78s(b)(1), notice is

hereby given that on February 21, 1997,

NASD Regulation, Inc. (‘‘NASD

Regulation’’) filed with the Securities

and Exchange Commission (‘‘SEC’’ or

‘‘Commission’’) the proposed rule

change as described in Items I, II and III

below, which Items have been prepared

by NASD Regulation. The Commission

is publishing this notice to solicit

comments on the proposed rule change

from interested persons.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

NASD Regulation proposes to amend

Rule 2340, ‘‘Customer Account

Statements,’’ of the Conduct Rules of the

National Association of Securities

Dealers, Inc. (‘‘NASD’’ or ‘‘Association’’)

to require general securities members to

provide estimated values for direct

participation program (‘‘DPP’’) 1

securities and real estate investment

trust (‘‘REIT’’) securities on customer

account statements under certain

circumstances. Below is the text of the

proposed rule change. Proposed new

language is italicized and proposed

deletions are bracketed.

Rule 2340 Customer Account

Statements

(a) General

Each general securities member shall,

with a frequency of not less than once

every calendar quarter, send a statement

of account (‘‘statement’’) containing a

description of any securities positions,

money balances, or account activity to

each customer whose account had a

security position, money balance or

account activity during the period since

the last such statement was sent to the

customer.

(b) DPP/REIT Securities

(1) If a member participated in the

public offering of any direct

participation program (DPP) or real

estate investment trust (REIT) securities

(as these terms are defined below) and

an estimated value of DPP or REIT

securities is available pursuant to

subparagraphs (3)(A) (ii) or (iii), the

member shall list the DPP and/or REIT

securities on the statement with an

estimated value; except that the member

shall not include on the account

statement an estimated value that the

member believes is inaccurate as of the

date of the valuation or is no longer

accurate as a result of a material change

in the operations or assets of the

program or trust; or

(2) If the member or an affiliate of the

member, acting as a fiduciary, provides

estimated values of DPP and/or REIT

securities to accounts that are subject to

Employee Retirement Income Securities

Act (‘‘ERISA’’) and Internal Revenue

Service (‘‘IRS’’) regulations, the member

shall disclose the same valuations on

the statements of all other customers

owning such securities.

(3) If DPP and/or REIT securities are

listed on the statement with an

estimated value:

(A) such estimated value shall be: