38860 Federal Register / Vol. 63, No. 138 / Monday, July 20, 1998 / Notices

place. Mr. Jeffrey Good of Wells Fargo

Bank, N.A. (the Bank), has represented

in a letter dated February 27, 1998, that

the Bank would require a rate of Prime

plus .75% in order to make a similar

loan to the Employer.

3. The Loan will be secured by the

Property, which consists of the

Hoffmanns’ residence, which is located

at 1324 Grosventres Court, Fremont,

California. The Property has been

appraised by Karen J. Mann, SRA of

Mann & Associates, an independent real

estate appraiser in Fremont, California,

to have a fair market value of $540,000

as of March 12, 1998. The Property has

a first mortgage in the amount of

$133,382. The Loan would be secured

by a second mortgage on the Property.

Thus, if the Loan is made, the appraised

fair market value of the Property would

represent approximately 289% of the

total outstanding principal amount of

debt secured by the Property, including

the Loan. The applicant represents that

the mortgage to the Plan will be duly

recorded in the Office of the County

Clerk, Alameda County, California. The

applicant states that in the event the fair

market value of the Property is no

longer adequate to secure all

outstanding loans, additional property

will be pledged to the Plan to secure the

Loan at an amount equal to at least

150% of the outstanding principal

balance of all outstanding loans secured

by the Property. As additional security

to the Plan, the Hoffmanns have agreed

to personally guarantee the Loan. The

applicant has submitted a personal

balance sheet for the Hoffmanns which

demonstrates that they have a total net

worth of $691,804.16 as of March 19,

1998.

4. In summary, the applicant

represents that the proposed transaction

satisfies the criteria of section 4975(c)(2)

of the Code because: (a) The Loan

represents not more than 25% of the

assets of the Plan; (b) the terms of the

Loan will be not less favorable to the

Plan than those required by a third party

lender, the Bank, if it were to make a

similar loan; (c) the Loan will be

secured by the Hoffmanns’ personal

guarantee and by a second mortgage on

the Property, which has been

determined by a qualified, independent

appraiser to have a fair market value of

approximately 289% of the total

principal amount of the loans that it

will secure; (d) in the event the fair

market value of the Property is no

longer adequate to secure all

outstanding loans, additional property

will be pledged to the Plan to secure the

Loan at an amount equal to at least

150% of the outstanding principal

balance of all outstanding loans secured

by the Property; and (e) the Hoffmanns

are the only Plan participants to be

affected by the Loan, and they desire

that the transaction be consummated.

Notice to Interested Persons: Since the

Hoffmanns are the only Plan

participants to be affected by the

proposed transaction, the Department

has determined that there is no need to

distribute the notice of proposed

exemption to interested persons.

Comments and requests for a hearing are

due within 30 days from the date of

publication of this notice of proposed

exemption in the Federal Register.

For Further Information Contact: Gary

H. Lefkowitz of the Department,

telephone (202) 219–8881. (This is not

a toll-free number.)

General Information

The attention of interested persons is

directed to the following:

(1) The fact that a transaction is the

subject of an exemption under section

408(a) of the Act and/or section

4975(c)(2) of the Code does not relieve

a fiduciary or other party in interest of

disqualified person from certain other

provisions of the Act and/or the Code,

including any prohibited transaction

provisions to which the exemption does

not apply and the general fiduciary

responsibility provisions of section 404

of the Act, which among other things

require a fiduciary to discharge his

duties respecting the plan solely in the

interest of the participants and

beneficiaries of the plan and in a

prudent fashion in accordance with

section 404(a)(1)(b) of the act; nor does

it affect the requirement of section

401(a) of the Code that the plan must

operate for the exclusive benefit of the

employees of the employer maintaining

the plan and their beneficiaries;

(2) Before an exemption may be

granted under section 408(a) of the Act

and/or section 4975(c)(2) of the Code,

the Department must find that the

exemption is administratively feasible,

in the interests of the plan and of its

participants and beneficiaries and

protective of the rights of participants

and beneficiaries of the plan;

(3) The proposed exemptions, if

granted, will be supplemental to, and

not in derogation of, any other

provisions of the Act and/or the Code,

including statutory or administrative

exemptions and transitional rules.

Furthermore, the fact that a transaction

is subject to an administrative or

statutory exemption is not dispositive of

whether the transaction is in fact a

prohibited transaction; and

(4) The proposed exemptions, if

granted, will be subject to the express

condition that the material facts and

representations contained in each

application are true and complete, and

that each application accurately

describes all material terms of the

transaction which is the subject of the

exemption.

Signed at Washington, DC, this 15th day of

July, 1998.

Ivan Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

U.S. Department of Labor.

[FR Doc. 98–19234 Filed 7–17–98; 8:45 am]

BILLING CODE 4510–29–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 plans to submit

the following extension of a currently

approved information collection to the

Office of Management and Budget

(OMB) for review and clearance under

the Paperwork Reduction Act of 1995

(Pub. 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

September 18, 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: 3133–0011.

Form Number: NCUA 9600.

Type of Review: Extension of a

currently approved collection.

Title: Application for Insurance of

Accounts State-Chartered Credit

Unions.
Federal Register / Vol. 63, No. 138 / Monday, July 20, 1998 / Notices 38861

Description: Section 201 of the

Federal Credit Union Act (12 U.S.C.

1781) requires state-chartered credit

unions desiring federal insurance to

submit an application. The requirement

also applies to federal credit unions

converting to state charters and desiring

federal insurance.

Respondents: State chartered credit

unions and federal credit unions

converting to state charter that desire

federal insurance of member accounts.

Estimated No. of Respondents/

Recordkeepers: 61.

Estimated Burden Hours Per

Response: 4.5 hours.

Frequency of Response: As required.

Estimated Total Annual Burden

Hours: 268.

Estimated Total Annual Cost: N/A.

By the National Credit Union

Administration Board on July 13, 1998.

Becky Baker,

Secretary of the Board.

[FR Doc. 98–19244 Filed 7–17–98; 8:45 am]

BILLING CODE 7535–01–P

NUCLEAR REGULATORY

COMMISSION

Agency Information Collection

Activities: Submission for OMB

Review; Comment Request

AGENCY: U.S. Nuclear Regulatory

Commission (NRC).

ACTION: Notice of the OMB review of

information collection and solicitation

of public comment.

SUMMARY: The NRC has recently

submitted to OMB for review the

following proposal for the collection of

information under the provisions of the

Paperwork Reduction Act of 1995 (44

U.S.C. Chapter 35). The NRC hereby

informs potential respondents that an

agency may not conduct or sponsor, and

that a person is not required to respond

to, a collection of information unless it

displays a currently valid OMB control

number.

1. Type of submission, new, revision,

or extension: Revision.

2. The title of the information

collection:

NRC Form 327—Special Nuclear

Material (SNM) and Source Material

(SM) Physical Inventory Summary

Report;

NUREG/BR–0096—Instructions and

Guidance for Completing Physical

Inventory Summary Reports.

3. The form number, if applicable:

NRC Form 327.

4. How often the collection is

required: The frequency of reporting

corresponds to the frequency of required

inventories, which depends essentially

on the strategic significance of the SNM

covered by the particular license.

Certain licensees possessing strategic

SNM are required to report inventories

every 2 months. Licensees possessing

SNM of moderate strategic significance

must report every 6 months. Licensees

possessing SNM of low strategic

significance must report annually.

5. Who will be required or asked to

report: Fuel facility licensees possessing

special nuclear material.

6. An estimate of the number of

responses: 23.

7. The estimated number of annual

respondents: 10.

8. An estimate of the total number of

hours needed annually to complete the

requirement or request: 98 (an average

of approximately 4.25 hours per

response for 23 responses).

9. An indication of whether Section

3507(d), Pub. L. 104–13 applies: Not

applicable.

10. Abstract: NRC Form 327 is

submitted by fuel facility licensees to

account for special nuclear material.

The data is used by NRC to assess

licensee material control and accounting

programs and to confirm the absence of

(or detect the occurrence of) special

nuclear material theft or diversion.

NUREG/BR–0096 provides specific

guidance and instructions for

completing the form in accordance with

the requirements appropriate for a

particular licensee.

A copy of the final supporting

statement may be viewed free of charge

at the NRC Public Document Room,

2120 L Street, NW (lower level),

Washington, DC. OMB clearance

requests are available at the NRC

worldwide web site (http://

www.nrc.gov) under the FedWorld

collection link on the home page tool

bar. The document will be available on

the NRC home page site for 60 days after

the signature date of this notice.

Comments and questions should be

directed to the OMB reviewer by August

19, 1998: Erik Godwin, Office of

Information and Regulatory Affairs

(3150–0139), NEOB–10202, Office of

Management and Budget, Washington,

DC 20503.

Comments can also be submitted by

telephone at (202) 395–3084.

The NRC Clearance Officer is Brenda

Jo. Shelton, 301–415–7233.

Dated at Rockville, Maryland, this 10th day

of July, 1998.

For the Nuclear Regulatory Commission.

Brenda Jo. Shelton,

NRC Clearance Officer, Office of the Chief

Information Officer.

[FR Doc. 98–19225 Filed 7–17–98; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

Agency Information Collection

Activities: Submission for OMB

Review; Comment Request

AGENCY: U.S. Nuclear Regulatory

Commission (NRC).

ACTION: Notice of the OMB review of

information collection and solicitation

of public comment.

SUMMARY: The NRC has recently

submitted to OMB for review the

following proposal for the collection of

information under the provisions of the

Paperwork Reduction Act of 1995 (44

U.S.C. Chapter 35). The NRC hereby

informs potential respondents that an

agency may not conduct or sponsor, and

that a person is not required to respond

to, a collection of information unless it

displays a currently valid OMB control

number.

1. Type of submission, new, revision,

or extension: revision.

2. The title of the information

collection:

NRC Form 4, ‘‘Cumulative Occupational

Exposure History’’

NRC Form 5, ‘‘Occupational Exposure

Record for a Monitoring Period.’’

3. The form number if applicable:

NRC Forms 4 and 5

4. How often the collection is

required: NRC Form 4 is generated for

each individual who is likely to receive,

in one year, an occupational dose

requiring monitoring as described

§ 20.1502. It is maintained by the

licensee until the Commission

terminates the license. It is not

submitted to the NRC. NRC Form 5 is

prepared by all NRC licensees and is

submitted only by those licensees listed

in 10 CFR 20.2206(a) to the NRC

annually.

5. Who will be required or asked to

report: NRC licensees listed in 10 CFR

20.2206(a).

6. An estimate of the number of

responses:

NRC Form 4

22,373

NRC Form 5

records maintained 497,635

reports submitted 173,536

7. The estimated number of annual

respondents:

NRC Form 4