Federal Register / Vol. 60, No. 14 / Monday, January 23, 1995 / Rules and Regulations 4377

As there are no new collections of

information contained in this final rule,

the Paperwork Reduction Act (44 U.S.C.

3504) does not apply.

List of Subjects in 31 CFR Parts 306 and

357

Banks, Banking, Bonds, Federal

Reserve System, Government securities.

Dated: January 17, 1995.

Gerald Murphy,

Fiscal Assistant Secretary.

For the reasons set out in the

preamble, 31 CFR Parts 306 and 357 are

amended, as follows:

PART 306—GENERAL REGULATIONS

GOVERNING U.S. SECURITIES

1. The authority citation for Part 306

continues to read as follows:

Authority: 31 U.S.C. Chapter 31, 5 U.S.C.

301 and 12 U.S.C. 391.

2. A new section, 306.24, is added to

subpart C to read as follows:

§ 306.24 Collection of fees on definitive

securities.

A fee shall be charged for each

definitive security, as defined in

§ 306.115 (a), issued as a result of a

transfer, exchange, reissue, withdrawal

from book-entry, or the granting of relief

on account of loss, theft, destruction,

mutilation, or defacement. The

applicable fee, and the basis for its

determination, will be published by

notice in the Federal Register.

PART 357—REGULATIONS

GOVERNING BOOK-ENTRY

TREASURY BONDS, NOTES AND

BILLS (DEPARTMENT OF THE

TREASURY CIRCULAR, PUBLIC DEBT

SERIES NO. 2–86)

3. The authority citation for Part 357

continues to read as follows:

Authority: 31 U.S.C. Chapter 31, 5 U.S.C.

301 and 12 U.S.C. 391.

4. Section 357.20 is amended by

adding a new paragraph (f) to read as

follows:

§ 357.20 Securities account in TREASURY

DIRECT.

* * * * *

(f) Account maintenance fees. An

annual maintenance fee shall be charged

for each TREASURY DIRECT securities

account holding securities that in the

aggregate exceed a stipulated par

amount. The amount of the fee will be

published by notice in the Federal

Register.

* * * * *

[FR Doc. 95–1594 Filed 1–20–95; 8:45 am]

BILLING CODE 4810–39–P

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 117

[CGD01–94–164]

RIN 2115–AE47

Drawbridge Operation Regulations;

Lake Champlain, NY and VT

AGENCY: Coast Guard, DOT.

ACTION: Temporary final rule with

request for comments.

SUMMARY: At the request of the Vermont

Agency of Transportation (VAOT), the

Coast Guard is temporarily changing the

regulations governing the Route 2

Bridge over Lake Champlain at mile

91.8 between North Hero and Grand

Isle, Vermont, to allow the bridge to

remain in the closed position for

seventy five (75) days from January 16,

1995 to April 1, 1995. This temporary

change is being implemented to allow

the bridge to remain in the closed

position while major repairs are made to

the bridge. Marine traffic which can

pass under the closed span may still

pass at will.

DATES: Effective: This temporary rule is

effective from 7 a.m., January 16, 1995

through 7 a.m., April 1, 1995.

Comments must be received on or

before February 22, 1995.

ADDRESSES: Comments may be mailed to

Commander (obr), First Coast Guard

District, Building 135A, Governors

Island, New York, 10004–5073, or may

be hand delivered to the same address

between 7 a.m. and 4 p.m., Monday

through Friday, except federal holidays.

The telephone number is (212) 668–

7170. The comments will become part

of this docket and will be available for

inspection and copying by appointment

at the above address.

FOR FURTHER INFORMATION CONTACT:

Waverly W. Gregory, Project Manager,

Bridge Branch, (212) 668–7170.

SUPPLEMENTARY INFORMATION:

Request for Comments

The Coast Guard encourages

interested persons to participate in this

rulemaking by submitting written views,

comments, data, or arguments. Persons

submitting comments should include

their name and address, identify the

bridge, this rulemaking (CGD01–94–

164), the specific section of this

temporary regulation to which each

comment applies, and give reasons for

concurrence with or any recommended

changes to the rule.

A comment period shorter than the

normal 60 days is considered adequate

for interested persons in the locality to

suggest any changes that should be

made to this temporary rule.

Preliminary input from marine interests

indicate that they have no objections

provided the work is completed before

April 1, 1995. The Coast Guard requests

that all comments and attachments be

submitted in an unbound format no

larger than 81⁄2′′ by 11′′, suitable for

copying and electronic filing. If that is

not practical, a second copy of any

bound material is requested. Persons

desiring acknowledgment that their

comments have been received should

enclose a stamped, self-addressed post

card or envelope.

The Coast Guard will consider all

comments received during the comment

period, and may change this temporary

regulation in light of comments

received.

The Coast Guard plans no public

hearing. Persons may request a public

hearing by writing to the Project

Manager at the address under

ADDRESSES. The request should include

reasons why a hearing would be

beneficial. If the Coast Guard

determines that the opportunity for oral

presentations will aid this rulemaking,

the Coast Guard will hold a public

hearing at a time and place announced

by a later notice in the Federal Register.

Drafting Information

The drafters of this notice are Mr.

John W. McDonald, Bridge Management

Specialist, Bridge Branch, and

Lieutenant Commander Samuel R.

Watkins, Project Counsel, District Legal

Office.

Background and Purpose

The Route 2 Bridge, built circa 1952,

over Lake Champlain between North

Hero and Grand Isle, Vermont, has a

vertical clearance of 13 feet above mean

high water (MHW) and 18 feet above

mean low water (MLW).

The VAOT requested that emergency

repair work be conducted as a result of

difficulties encountered while opening

and closing the bridge during the

summer of 1993. A Coast Guard letter of

approval with conditions was issued in

October, 1993 to perform emergency

repairs on the bridge. Due to contractual

difficulties, a final contract was not

awarded until September 1994. The

contractor requested that the Coast

Guard grant a closure beginning

December 1, 1994 and ending on April

1, 1995. Further discussions with the

contractor resulted in a subsequent

request for a closed period from January

16, 1995 through April 1, 1995. The

final agreement to close the bridge

beginning on January 16, 1995 did not
4378 Federal Register / Vol. 60, No. 14 / Monday, January 23, 1995 / Rules and Regulations

allow sufficient time to receive

comments prior to the effective date of

the closure. The decision to proceed

directly to a final temporary regulation

was considered because of the urgent

need for bridge repairs and the fact that

the boating season has concluded. The

waterway is generally frozen during the

months that this temporary regulation

will be in effect.

Discussion of Amendments

The temporary regulations will revise

the current regulations for seventy five

(75) days and allow the bridge to remain

in the closed position at all times

beginning at 7 a.m. on January 16, 1995

and ending at 7 a.m. on April 1, 1995.

The temporary regulations are issued

pursuant to 33 CFR 117.35. The VAOT

requested the closure to remove and

replace the electrical and mechanical

systems of the bridge. The closure of the

bridge will prevent vessel transits

except for those low clearance vessels

which can pass under the closed span.

In 1993 there was only one bridge

opening prior to May 15. There were

3,645 openings between May 15 and

October 15 and four openings after

October 15.

An auxiliary motor will be provided

during the closure to allow the bridge to

open for emergency situations.

Regulatory Evaluation

This rule is not a significant

regulatory action under section 3(f) of

Executive Order 12866, and does not

require an assessment of potential costs

and benefits under section 6(a)(3) of that

order. It has been exempted from review

by the Office of Management and

Budget under that order. It is not

significant under the Regulatory Policies

and Procedures of the Department of

Transportation (DOT) (44 FR 11040;

February 26, 1979). The Coast Guard

expects the economic impact of this

final temporary regulation to be so

minimal that a full Regulatory

Evaluation, under paragraph 10e of the

regulatory policies and procedures of

DOT, is unnecessary. This opinion is

based upon the fact that the closure will

be accomplished outside the peak

boating season and when the waterway

is generally frozen. This final temporary

regulation will not prevent the passage

of vessels that are able to pass under the

closed span.

Small Entities

Under the Regulatory Flexibility Act

(5 U.S.C. 601 et seq.), the Coast Guard

considered whether this final temporary

regulation would have a significant

economic impact on a substantial

number of small entities. ‘‘Small

entities’’ include independently owned

and operated small businesses that are

not dominant in their field and that

otherwise qualify as ‘‘small business

concerns’’ under section 3 of the Small

Business Act (15 U.S.C. 632). Because of

the reasons discussed in the Regulatory

Evaluation above, the Coast Guard

certifies under 5 U.S.C. 605(b) that this

final temporary regulation will not have

a significant economic impact on a

substantial number of small entities.

Collection of Information

This final temporary regulation

contains no collection of information

requirements under the Paperwork

Reduction Act (44 U.S.C. 3501 et seq.).

Federalism

The Coast Guard has analyzed this

final temporary regulation in

accordance with the principles and

criteria contained in Executive Order

12612 and it has determined that this

regulation does not have sufficient

federalism implications to warrant

preparation of a Federalism Assessment.

Environment

The Coast Guard considered the

environmental impact of this final

temporary regulation and concluded

that, under section 2.B.2.e.(32)(e) of

Commandant Instruction M16475.1B,

this rule is categorically excluded from

further environmental documentation.

A Categorical Exclusion Determination

is available in the docket for inspection

or copying where indicated under

ADDRESSES.

List of Subjects in 33 CFR Part 117

Bridges.

For the reasons set out in the

preamble, the Coast Guard is amending

33 CFR part 117 as follows:

PART 117—DRAWBRIDGE

OPERATION REGULATIONS

1. The authority citation for Part 117

continues to read as follows:

Authority: 33 U.S.C. 499; 49 CFR 1.46; 33

CFR 1.05–1(g); section 117.255 also issued

under the authority of Pub. L. 102–587, Stat.

5039.

2. In § 117.797, from 7 a.m., January

16, 1995 through 7 a.m., April 1, 1995,

paragraph (b) is suspended and a new

paragraph (e) is added to read as

follows:

§ 117.797 Lake Champlain.

* * * * *

(e) The draw of the US2 bridge, mile

91.8 between Sandy Island and North

Hero Island need not open for the

passage of any vessel.

3. In § 117.993, from 7 a.m., January

16, 1995 through 7 a.m., April 1, 1995,

paragraph (b) is suspended and a new

paragraph (e) is added to read as

follows:

§ 117.993 Lake Champlain.

* * * * *

(e) The draw of the US2 bridge, mile

91.8 between Sandy Island and North

Hero Island need not be opened for the

passage of any vessel.

* * * * *

Dated: December 30, 1994.

J.L. Linnon,

Rear Admiral, U.S. Coast Guard, Commander,

First Coast Guard District.

[FR Doc. 95–1291 Filed 1–20–95; 8:45 am]

BILLING CODE 4910–14–M

33 CFR Part 161

[CGD09–94–036]

RIN 2115–AF01

Temporary Speed Limits for the St.

Marys River

AGENCY: Coast Guard, DOT.

ACTION: Temporary final rule.

SUMMARY: The Commander of the Ninth

Coast Guard District is making a

temporary amendment to the speed

limits for the St. Marys River during the

1994–95 icebreaking season. This

amendment reduces the speed limit by

2 miles per hour through that part of the

system, between Munuscong Lake

Lighted Buoy 8 and Lake Nicolet Light

80 upbound and between Lake Nicolet

Light 80 and Munuscong Lake light 9

downbound. These temporary changes

to the speed regulations are a

precautionary measure to minimize any

possible damage to the environment due

to movement of large commercial

vessels through the ice.

EFFECTIVE DATE: This regulation is

effective from December 29, 1994,

through April 15, 1995.

FOR FURTHER INFORMATION CONTACT:

Scott J. Smith, Lieutenant, U.S. Coast

Guard, Aids to Navigation and

Waterways Management Branch, Ninth

Coast Guard District, 1240 East 9th

Street, Cleveland, Ohio 44199–2060,

(216) 522–3990.

SUPPLEMENTARY INFORMATION: In

accordance with 5 U.S.C. 553, a Notice

of Proposed Rulemaking has not been

published for this regulation and good

cause exists for making it effective in

less than 30 days from the date of

publication. Publication of a notice of

proposed rulemaking and delay in the

effective date would be contrary to the

public interest because immediate