Federal Register / Vol. 60, No. 104 / Wednesday, May 31, 1995 / Notices 28391

1To efficiently transport product through its

pipeline system, Colonial divides the year into 36

cycles. Each month has three cycles; each with a

duration of about ten days. Additionally, each cycle

is subdivided into a front half and a back half, each

of five days duration.

2As a result of this proposal, public terminal

deliveries on the contract will no longer be

permitted. As a consequence, intra and inter-facility

transfers and barge shipments will not be

permissible methods of delivery on the contract.

SUPPLEMENTARY INFORMATION: The

subject modification to permit No. 927,

issued on June 17, 1994 (publ. June 23,

1994, 59 FR 32419) is requested under

the authority of the Marine Mammal

Protection Act of 1972, as amended (16

U.S.C. 1361 et seq.), the Regulations

Governing the Taking and Importing of

Marine Mammals (50 CFR part 216), the

Fur Seal Act of 1966, as amended (16

U.S.C. 1151 et seq.), and fur seal

regulations at 50 CFR part 215.

Permit No. 927 authorizes the permit

holder to capture, tag, and sample up to

220 fur seals (Callorhinus ursinus) and

to incidentally harass up to 69,000

annually during research activities. The

permit holder requests authorization to

increase the sample size of adult

females from 60 to 120 and pups from

160 to 560. The increase is requested

for: comparison of St. Paul vs St. George

Island with regard to foraging ecology

and its possible influence in explaining

differences in the rate of recovery of

populations of fur seals; continuation of

studies of milk intake, metabolism,

growth, thermoregulation and condition

at weaning; and determine if pups with

greater mass prior to weaning have a

different fatty acid composition from

pups of lower mass.

Dated: May 23, 1995.

Ann D. Terbush,

Chief, Permits and Documentation Division,

Office of Protected Resources, National

Marine Fisheries Service.

[FR Doc. 95–13264 Filed 5–30–95; 8:45 am]

BILLING CODE 3510–22–F

COMMODITY FUTURES TRADING

COMMISSION

New York Mercantile Exchange:

Proposed Amendments to the Gulf

Coast Unleaded Regular Gasoline

Futures Contract Relating to the

Delivery Procedures and Delivery

Period

AGENCY: Commodity Futures Trading

Commission.

ACTION: Notice of proposed contract

market rule changes.

SUMMARY: The New York Mercantile

Exchange (NYMEX or Exchange) has

submitted proposed amendments to its

Gulf Coast unleaded regular gasoline

futures contract that, among other

things, would: (1) Require that all

futures deliveries regardless of size be

made on the Colonial Pipeline system at

an injection point from Pasadena, Texas

to Moundville, Alabama; (2) eliminate

the public terminal delivery alternative;

(3) require the buyer receiving less than

25 contracts to reimburse the seller for

any Colonial Pipeline shipping charges

incurred for making such deliveries; and

(4) for a particular delivery month

restrict all futures deliveries to the third

cycle of the Colonial Pipeline for that

month, provided that deliveries of less

than 25 contracts would be further

restricted to the back-half of such third

Colonial Pipeline cycle.

In accordance with Section 5a(12) of

the Commodity Exchange Act and

acting pursuant to the authority

delegated by Commission Regulation

140.96, the Acting Director of the

Division of Economic Analysis

(Division) of the Commodity Futures

Trading Commission (Commission) has

determined, on behalf of the

Commission, that the proposed

amendments are of major economic

significance. On behalf of the

Commission, the Division is requesting

comment on these proposals.

DATES: Comments must be received on

or before June 30, 1995.

ADDRESSES: Interested persons should

submit their views and comments to

Jean A. Webb, Secretary, Commodity

Futures Trading Commission, 2033 K

Street NW., Washington, D.C. 20581.

Reference should be made to the

proposed amendments to the New York

Mercantile Exchange Gulf Coast

unleaded regular gasoline futures

contract.

FOR FURTHER INFORMATION CONTACT: John

Forkkio, Jr., Division of Economic

Analysis, Commodity Futures Trading

Commission, 2033 K Street NW.,

Washington, D.C. 20581, telephone

(202) 254–7303.

SUPPLEMENTARY INFORMATION: Under

current provisions of the Gulf Coast

unleaded regular gasoline (gasoline)

futures contract, for all positions

involving 25 contracts or more, delivery

must be F.O.B. at a Colonial Pipeline

injection station selected by the seller in

the delivery area. The delivery area for

pipeline deliveries encompasses the

area along the Colonial Pipeline from

Pasadena, Texas upstream to

Moundville, Alabama. For all positions

involving deliveries of less than 25

contracts, deliveries must be f.o.b. at

one of the three public terminal

facilities located in the region around

Pasadena, Texas—GATX Terminals

Corporation, OilTanking Houston Inc.,

or Amerada Hess Corporation. Such

deliveries can be made by intra-facility

or inter-facility transfer of product or by

barge shipment. All public terminal

deliveries are assessed a surcharge of

1.75¢ per gallon, payable by any party

receiving or delivering less than 25

contracts.

Under existing provisions, for a

particular delivery month, pipeline

deliveries must be made during either

the second or third Colonial Pipeline

delivery cycle for that month. This

essentially provides a delivery period of

about 21 days.1

Under the proposed amendments, all

deliveries on the gasoline futures

contract, regardless of position size,

must be by pipeline delivery into the

Colonial Pipeline system in the existing

delivery area as noted above.2

Additionally, under the proposed

amendments, all deliveries in a

particular delivery month would be

restricted to the third cycle of the

Colonial Pipeline for that month;

provided that deliveries with respect to

positions involving less than 25

contracts would be further restricted to

the back-half of such third cycle.

Proposed amendments also would

require the seller making delivery on a

position involving less than 25 contracts

to make all the required arrangements

for shipment of the product on the

Colonial Pipeline, and the buyer to

reimburse the seller for any Colonial

Pipeline shipping charges incurred by

the seller in making such deliveries.

The Exchange proposes to apply the

proposed amendments to newly listed

contract months only following its

receipt of notice of Commission

approval.

According to the Exchange, the

proposed amendments were proposed to

conform the futures delivery rules with

cash market practices in the Gulf and to

provide more certainty in the timing of

deliveries on the futures contract.

Specifically, the NYMEX stated:

The Contract will remain unchanged for

‘‘round’’ deliveries where delivery is made

directly into the Colonial Pipeline * * *

* * * Deliveries of less than 25,000

barrels are not directly deliverable into the

Pipeline, and hence, the existing Gulf Coast

Contract has specified delivery of odd-lots

into public terminals. The proposed

amendments are based on the fact that

Colonial allows for a shipper to designate

beneficial owners of product through what is

known as a ‘‘consignee’’ relationship * * *.

The ‘‘consignee’’ relationship allows

shippers to consign smaller portions of

gasoline shipments to one or more beneficial

owners, so that odd-lot batches of less than

25,000 barrels can be accommodated on the
28392 Federal Register / Vol. 60, No. 104 / Wednesday, May 31, 1995 / Notices

Colonial Pipeline. An authorized shipper on

Colonial is allowed to break up a batch of

25,000 barrels, and allocate odd-lot batches

to various consignees, who then specify a

delivery point along the Colonial Pipeline.

The beneficial owner, or consignee, can be

changed on Colonial’s records. Thus, an oddlot delivery of gasoline can be shipped on the

Colonial Pipeline, as long as the odd-lot

seller finds a shipper in the cash market to

add the seller’s odd-lot batch to his existing

shipment of at least 25,000 barrels on

Colonial. The ‘‘consignee’’ relationship

provides the mechanism to perform the oddlot delivery directly into Colonial

Pipeline * * *.

With respect to the Exchange proposal

to change the delivery period so that all

deliveries will occur in either the fronthalf or back-half of the third cycle of the

Colonial Pipeline, the NYMEX stated

that:

In the cash market, prices are negotiated

for products delivered in each half-cycle

increment on Colonial Pipeline, and prices

typically vary between each half-cycle,

depending on market conditions. Narrowing

the delivery period to the third cycle of the

month provides sufficient capacity on the

Colonial Pipeline to accommodate NYMEX

deliveries. In addition, narrowing the

delivery period to the third cycle would

provide greater certainly in terms of the

timing for the pricing of the commodity. The

most actively traded cash market instrument

in the Gulf Coast is for delivery in the third

cycle of Colonial Pipeline.

The Division requests comment on

the proposed changes to the NYMEX

gasoline futures contract. The

Commission is specifically requesting

comments on the effect of the proposed

restrictions regarding deliveries

involving less than 25 contracts. The

Division also requests comment on the

effect of the proposal to restrict

deliveries to one Colonial Pipeline cycle

per month on the economically

deliverable supply of gasoline available

for the contract.

Copies of the proposed amendments

will be available for inspection at the

Office of the Secretariat, Commodity

Futures Trading Commission, 2033 K

Street NW., Washington, D.C. 20581.

Copies of the amended terms and

conditions can be obtained through the

Office of the Secretariat by mail at the

above address or by telephone at (202)

254–6314.

The materials submitted by the

Exchange in support of the proposed

amendments may be available upon

request pursuant to the Freedom of

Information Act (5 U.S.C. 552) and the

Commission’s regulations thereunder

(17 CFR Part 145 (1987)). Requests for

copies of such materials should be made

to the FOI, Privacy and Sunshine Act

Compliance Staff of the Office of the

Secretariat at the Commission’s

headquarters in accordance with CFR

145.7 and 145.8.

Any person interested in submitting

written data, views or arguments on the

proposed amendment should send such

comments to Jean A. Webb, Secretary,

Commodity Futures Trading

Commission, 2033 K Street NW.,

Washington, D.C. 20481 by the specified

date.

Issued in Washington, D.C. on May 23,

1995.

Blake Imel,

Acting Director.

[FR Doc. 95–13188 Filed 5–30–95; 8:45 am]

BILLING CODE 6351–01–M

DEPARTMENT OF DEFENSE

Department of the Army

Local Redevelopment Authority (LRA)

for the Available Surplus Camp Evans

Facility, Fort Monmouth, Located at

Wall, New Jersey

AGENCY: U.S. Army Corps of Engineers,

New York District.

ACTION: Notice.

SUMMARY: This notice provides

information regarding the LRA that has

been established to plan the reuse of the

Camp Evans Facility, Fort Monmouth,

located on Marconi and Monmouth

Roads in Wall Township, New Jersey, as

set forth in the new procedures under

the Base Closure Community

Redevelopment and Homeless

Assistance Act of 1994.

FOR FURTHER INFORMATION CONTACT:

Mr. Joseph Verruni, Town

Administrator—Wall Township, ATTN:

MPCA, 2700 Allaire Road, Wall, New

Jersey 07719–1168, phone: (908) 449–

8444, ext. 216.

SUPPLEMENTARY INFORMATION: In 1993

the Camp Evans area of Fort Monmouth,

Wall Township, New Jersey was

designated for closure pursuant to Title

II Section 204 of Public Law 100–526,

Defense Base Closure and Realignment

Act, supplemented by paragraph 7 of

section 2905(b) of the 1990 Base Closure

Act, 10 U.S.C. 2687, as amended by

subsection (a) of the Base Closure and

Community Redevelopment and

Homeless Assistance Act of 1994, Public

Law 103–421.

1. Election to proceed under

procedures established by Public Law

102–421. The Base Closure Community

Redevelopment and Homeless

Assistance Act of 1994 Public Law 103–

421, subsection (e)(1)(b) of the 1994 Act

gives a redevelopment authority at base

closure sites the option of employing

new procedures with regard to the

manner in which the redevelopment

plan for Camp Evans is formulated and

how requests are made for future use of

the property by homeless assistance

providers and non-federal public

agencies.

2. Redevelopment authority.

a. The Redevelopment Authority for

Camp Evans for purposes of

implementing the provisions of the

Defense Base Closure and Realignment

Act of 1990 as amended is the Marconi

Park Complex Advisory Committee

(MPCAC) which was appointed by the

Township Committee of Wall

Township, New Jersey. The Township

Committee is the governing body of

Wall Township. The Marconi Park

Complex Advisory Committee

conducted one public meeting to receive

comments from individuals and

organizations interested in the reuse of

the base.

b. The MPCAC is assisted by a full

time Township Administrator, Mr.

Joseph L. Verruni. Comments for

proposals regarding the development of

the site for consideration by the MPCAC

as the Local Redevelopment Authority

should be addressed to Mr. Verruni,

Township Administrator, ATTN:

MPCA, 2700 Allaire Road, Wall, New

Jersey 07719–1168.

3. Take notice. Pursuant to the Base

Closure and Community Redevelopment

and Homeless Assistance Act of 1994,

the Marconi Park Complex Advisory

Committee (LRA) of Wall Township

extends until June 30, 1995 the period

in which State and local governments,

representatives of the homeless and

other interested parties located in the

communities in the vicinity of the Camp

Evans may submit notices of interest to

the MPCAC in all or part of the property

and/or buildings located at Camp Evens.

4. Surplus property description. The

Camp Evans site consists of 215 acres of

land of which 91 acres more or less are

improved with buildings utilized for

communications and electronics

research and development facilities and

storage. The site includes a two story

administrative building, two single

family detached residences, radio and

signal towers, Quonset buildings, ‘‘H’’

type storage building used for research

facilities and numerous pre-1945 frame

structures utilized for storage for

electronics equipment and other

materials and maintenance facilities.

The site includes three buildings which

are eligible for the National Register of

Historic sites.

Gregory D. Showalter,

Army Federal Register Liaison Officer.

[FR Doc. 95–13197 Filed 5–30–95; 8:45 am]

BILLING CODE 3710–06–M