19276 Federal Register / Vol. 63, No. 74 / Friday, April 17, 1998 / Notices

UL 8730–2–8 Automatic Electrical

Controls for Household and Similar

Use; Part 2: Particular Requirements

for Electrically Operated Water Valves

Limitation

The following limitations apply to the

recognition of the Taiwan facility:

a. The Taiwan facility shall be limited

to carrying out minor mechanical and

electrical testing of instruments and

small appliances.

b. Performance of inspections shall be

limited to Entela personnel.

Preliminary Finding

Based upon a review of the complete

application, and the recommendations

of the staff, including the

recommendation dated February 17,

1998, the Assistant Secretary has made

a preliminary finding that Entela, Inc.

can meet the requirements as prescribed

by 29 CFR 1910.7 for the expansion of

its recognition to include the eleven (11)

test standards previously listed.

All interested members of the public

are invited to supply detailed reasons

and evidence supporting or challenging

the sufficiency of the applicant’s having

met the requirements for expansion of

its recognition as a Nationally

Recognized Testing Laboratory, as

required by 29 CFR 1910.7 and

Appendix A to 29 CFR 1910.7.

Submission of pertinent written

documents and exhibits shall be made

no later than the last date for comments

(see ‘‘DATES’’ above), and submitted to

the address provided above (see

‘‘ADDRESS’’). Copies of the ENT

application letters and supporting

documentation, the recommendation on

the programs and procedures, and all

submitted comments, as received, are

available for inspection and duplication

(under Docket No. NRTL–2–93) at the

Docket Office, Room N2634,

Occupational Safety and Health

Administration, U.S. Department of

Labor, at the above address.

The Assistant Secretary’s final

decision on whether the applicant

(Entela, Inc.) satisfies the requirements

for expansion of its recognition as an

NRTL will be made on the basis of the

entire record including the public

submissions and any further

proceedings that the Assistant Secretary

may consider to be appropriate in

accordance with Appendix A to Section

1910.7.

Signed at Washington, DC this 13th day of

April, 1998.

Charles N. Jeffress,

Assistant Secretary.

[FR Doc. 98–10219 Filed 4–16–98; 8:45 am]

BILLING CODE 4510–26–P

NATIONAL CREDIT UNION

ADMINISTRATION

Agency Information Collection

Activities: Submission to OMB for

Review; Comment Request

AGENCY: National Credit Union

Administration (NCUA).

ACTION: Request for comment.

SUMMARY: The NCUA has submitted the

following revised information collection

to the Office of Management and Budget

(OMB) for review and clearance under

the Paperwork Reduction Act of 1995

(P.L. 104–13, 44 U.S.C. Chapter 35).

This information collection is published

to obtain comments from the public.

DATES: Comments will be accepted until

June 16, 1998.

ADDRESSES: Interested parties are

invited to submit written comments to

NCUA Clearance Officer or OMB

Reviewer listed below:

Clearance Officer: Mr. James L. Baylen

(703) 518–6411, National Credit

Union Administration, 1775 Duke

Street, Alexandria, Virginia 22314–

3428, Fax No. 703–518–6433, E-mail:

jbaylen@ncua.gov.

OMB Reviewer: Alexander T. Hunt (202)

395–7860, Office of Management and

Budget, Room 10226, New Executive

Office Building, Washington, DC

20503.

FOR FURTHER INFORMATION CONTACT:

Copies of the information collection

requests, with applicable supporting

documentation, may be obtained by

calling the NCUA Clearance Officer,

James L. Baylen, (703) 518–6411.

SUPPLEMENTARY INFORMATION: Proposal

for the following collection of

information:

OMB Number: 3133–0149.

Form Number: NCUA 5300.

Type of Review: Revision of a

currently approved collection.

Title: 12 CFR 701.26, 701.27,

701.36(a)(4)(iv), 704.11(e) and part

712—Credit Union Service Organization

Rule.

Description: The final regulation

updates, clarifies and streamlines

existing rules concerning credit union

service organizations (CUSOs), a

common means of outside provision of

services to federal credit unions (FCUs)

and to credit union members.

The final rule clarifies NCUA’s

authority to review CUSO books,

records, and operations, adds corporate

separateness requirements and

additional permissible services, changes

the legal opinion requirements,

maintains safety and soundness criteria,

and ensures the continuity and growth

of services to FCUs and their members

conducted through CUSOs.

Respondents: Credit unions with

CUSOs.

Estimated No. of Respondents/

Recordkeepers: 3,357.

Estimated Burden Hours Per

Response: 1.17 hours.

Frequency of Response: Annually.

Estimated Total Annual Burden

Hours: 4,566.

Estimated Total Annual Cost:

$1,921,000.

By the National Credit Union

Administration Board on April 10, 1998.

Becky Baker,

Secretary of the Board.

[FR Doc. 98–10221 Filed 4–16–98; 8:45 am]

BILLING CODE 7535–01–U

NUCLEAR WASTE TECHNICAL

REVIEW BOARD

Board Workshop; May 18–19, 1998—

Falls Church, Virginia; Waste Package

Concepts and Identification of

Research Needs

Pursuant to its authority under

section 5051 of Pub. L. 100–203,

Nuclear Waste Policy Amendments Act

of 1987, the Nuclear Waste Technical

Review Board (Board) will sponsor a

workshop May 18–19, 1998, beginning

at 8:30 a.m. both days. The workshop,

which is open to the public, will use a

facilitated, brainstorming approach that

should allow participants to explore and

discuss waste package concepts for

direct disposal of commercial spent

nuclear fuel in a hypothetical repository

designed for Yucca Mountain in

Nevada.

The purpose of the workshop is to

develop a firm technical basis for the

Board to review and evaluate the

scientific and technical merits of any

waste package designs that may arise

from the Department of Energy’s

program for managing the geologic

disposal of commercial spent nuclear

fuel and high-level nuclear waste.

The workshop will be held at the

Doubletree Hotel at Tysons Corner, 7801

Leesburg Pike, Falls Church, Virginia;

Tel (703) 893–1340; Fax (703) 749–8528.

Reservations for accommodations

should be made by April 29, 1998.

Please mention that you are attending

the Nuclear Waste Technical Review

Board’s workshop to receive the

preferred rate.

The format of the workshop will be a

roundtable discussion among invited

panelists and members of the Board and

its staff, assisted by an impartial

facilitator. Beginning with several short
Federal Register / Vol. 63, No. 74 / Friday, April 17, 1998 / Notices 19277

presentations describing the current

Department of Energy repository and

waste package designs, the workshop

will move to discussion by the

participants to alternative design

concepts that are compatible with the

Department of Energy’s current

repository design for Yucca Mountain,

or other repository designs that

reasonably could be implemented there.

The discussion also will include

research and development that might be

required to support each design

concept.

Time will be set aside during the

workshop for technical comments from

the public that pertain to the discussion.

Depending on the number of people

wanting to make comments, time limits

may have to be set. Written comments

of any length may be submitted for the

record. Those wanting to make

comments will be asked to sign up at

the registration table.

Transcripts of this meeting will be

available on computer disk, via e-mail,

or on a library-loan basis in paper

format from Davonya Barnes, Board

staff, beginning June 30, 1998. For

further information, contact Frank

Randall, External Affairs, 2300

Clarendon Blvd., Suite 1300, Arlington,

Virginia 22201; (tel) 703–235–4473;

(fax) 703–235–4495; (e-mail)

info@nwtrb.gov.

The Nuclear Waste Technical Review

Board was created by Congress in the

Nuclear Waste Policy Amendments Act

of 1987 to evaluate the technical and

scientific validity of activities

undertaken by the DOE in its program

to manage the disposal of the nation’s

high-level radioactive waste and

commercial spent nuclear fuel. In that

same legislation, Congress directed the

DOE to characterize a site at Yucca

Mountain in Nevada for its suitability as

a potential location for a permanent

repository for disposing of that waste.

Dated: April 14, 1998.

William Barnard,

Executive Director, Nuclear Waste Technical

Review Board.

[FR Doc. 98–10220 Filed 4–16–98; 8:45 am]

BILLING CODE 6820–AM–M

SECURITIES AND EXCHANGE

COMMISSION

[Rel. No. IC–23109; 812–9544]

State Street Bank and Trust Company;

Notice of Application

April 13, 1998.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

exemption under sections 6(c) and 17(b)

of the Investment Company Act of 1940

(the ‘‘Act’’) from sections 17(a)(1) and

17(a)(2) of the Act.

SUMMARY OF APPLICATION: Applicant

State Street Bank and Trust Company

requests an order that would permit it

to engage in repurchase agreements and

currency transactions with certain

affiliated registered management

investment companies (the ‘‘Funds’’) for

which applicant serves as custodian.

Applicant will be an affiliated person,

or an affiliated person of an affiliated

person, of a Fund solely by reason of

applicant’s owning, controlling, or

holding 5% or more (but less than 20%)

of the outstanding voting securities of

the Fund. The requested order would

not extend to transactions between

applicant and a Fund when applicant or

an affiliated person of applicant is the

investment adviser to the Fund.

FILING DATES: The application was filed

on March 17, 1995, and amended on

December 20, 1995. Applicant has

agreed to file another amendment

during the notice period, the substance

of which is included in this notice.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the SEC orders a hearing.

Any interested person 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

May 8, 1998 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 who wish to be notified of a

hearing may request notification by

writing to the SEC’s Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

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

Applicant: 225 Franklin Street, Boston,

Massachusetts 02110.

FOR FURTHER INFORMATION CONTACT:

David W. Grim, Staff Attorney, at (202)

942–0571, or Nadya B. Roytblat,

Assistant Director, 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 from the SEC’s

Public Reference Branch (tel. 202–942–

8090).

Applicant’s Representations

1. Applicant is a wholly-owned

subsidiary of State Street Boston

Corporation, a publicly held bank

holding company. Applicant is

organized as a trust company under the

laws of the Commonwealth of

Massachusetts and is a member of the

Federal Reserve System. Applicant is a

‘‘bank’’ as that term is defined by

section 2(a)(5) of the Act and meets the

qualifications set forth in section

26(a)(1) of the Act for an investment

company custodian. Applicant offers a

wide variety of commercial and trust

services, including custodian services to

registered investment companies.

2. One division of applicant, Capital

Markets, is a dealer in government

securities, foreign currency, and other

instruments. Another division of

applicant, Global Advisors, manages

money on a discretionary basis for

registered investment companies,

collective and common trust funds, and

separate accounts. Global Advisors may

invest client funds in a wide variety of

investment products, including shares

of Funds. As a result of the investment

activities of Global Advisors, applicant

may at times own, hold, or control with

the power to vote more than 5% of the

shares of a Fund.

3. Applicant proposes to enter into

repurchase agreements and currency

transactions with the Funds for which

applicant serves as custodian. As a

Fund’s custodian, applicant is in a

unique position to afford the Fund

certain advantages, such as added

investment flexibility, advantageous

prices, and accurate and efficient

settlements for these types of

transactions.

Applicant’s Legal Analysis

1. Sections 17(a)(1) and 17(a)(2) of the

Act prohibit an affiliated person of a

Fund, or an affiliated person of an

affiliated person of the Fund, from

knowingly selling to or purchasing from

the Fund any security or other property.

Applicant represents that the purchase

and sale of repurchase agreements are

the types of transactions covered by

section 17. Applicant also states that the

proposed currency transactions may be

covered by section 17 to the extent they

involve the purchase or sale of property.

2. Section 2(a)(3) of the Act defines an

‘‘affiliated person’’ of another person to

include: (a) any person directly or

indirectly owning, controlling, or

holding with power to vote 5% or more

of the outstanding voting securities of

the other person; (b) any person 5% or

more of whose outstanding voting

securities are directly or indirectly