64082 Federal Register / Vol. 60, No. 239 / Wednesday, December 13, 1995 / Notices

subsystem at FedWorld, 703–321–3339.

Members of the public who are located

outside of the Washington, DC, area can

dial FedWorld, 1–800–303–9672, or use

the FedWorld Internet address:

fedworld.gov (Telnet). The document

will be available on the bulletin board

for 30 days after the signature date of

this notice. If assistance is needed in

accessing the document, please contact

the FedWorld help desk at 703–487–

4608.

Comments and questions can be

directed by mail to the OMB reviewer

by January 12, 1996.

Troy Hillier, Office of Information and

Regulatory Affairs (3150–0014),

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 7th day

of December, 1995.

For the Nuclear Regulatory Commission.

Gerald F. Cranford,

Designated Senior Official for Information

Resources Management.

[FR Doc. 95–30336 Filed 12–12–95; 8:45 am]

BILLING CODE 7590–01–P

[Docket Nos. 50–325 and 324]

Carolina Power and Light Company

(Brunswick Steam Electric Plant);

Exemption

I.

Carolina Power and Light Company

(CP&L, the licensee) is the holder of

Facility Operating License Nos. DPR–71

and DPR–62, which authorize operation

of Brunswick Steam Electric Plant

(BSEP), Unit Nos. 1 and 2, at power

levels not in excess of 2436 megawatts

thermal. The facility consists of two

boiling water reactors at the licensee’s

site in Brunswick County, North

Carolina. The operating license

provides, among other things, that BSEP

is subject to all rules, regulations, and

orders of the Commission now or

hereafter in effect.

II.

Pursuant to 10 CFR 55.35(a), an

applicant whose application for an

operator license has been denied

because of failure to pass the written

examination or operating test, or both,

may file a new application two months

after the date of denial.

III.

By letter dated November 8, 1995,

CP&L requested an exemption under 10

CFR 55.11 on behalf of its employee, an

applicant for a Senior Reactor Operator

license (applicant) under Subpart D of

10 CFR Part 55, from the requirements

of 10 CFR 55.35(a). The schedular

exemption requested would allow the

applicant to file a new application

before the two month waiting period

expires and, thereafter, to be readministered a written examination

during the week of December 18, 1995.

The applicant was notified that he had

not passed his written examination

(taken the week of October 23, 1995) by

letter from Region II dated November

16, 1995, which would make the

applicant eligible for re-examination no

earlier than January 16, 1995.

The Code of Federal Regulations at 10

CFR 55.11 states that, ‘‘The Commission

may, upon application by an interested

person, or upon its own initiative, grant

such exemptions from the requirements

of the regulations in this part as it

determines are authorized by law and

will not endanger life or property and

are otherwise in the public interest.’’

In support of its request for

exemption, CP&L indicated that the

applicant has entered a remediation

process, and will be ready for reexamination the week of December 18,

1995.

IV.

The Commission has determined that,

pursuant to 10 CFR 55.11, granting this

exemption to the applicant from the

requirements in 10 CFR 55.35(a) is

authorized by law and will not endanger

life or property and is otherwise in the

public interest. This one-time

exemption will allow the applicant to be

administered a written re-examination

during the week of December 18, 1995,

prior to the expiration of the two month

time period from the date of notification

of the results of his first written

examination. This re-examination

would be scheduled to coincide with a

previously scheduled NRC initial

examination visit. Accordingly, the

Commission hereby grants the applicant

an exemption on a one-time only basis

from the schedular requirements of 10

CFR 55.35(a).

Pursuant to 10 CFR 51.32, the

Commission has also determined that

the issuance of the exemption will not

have a significant effect on the quality

of the human environment. An

Environmental Assessment and Finding

of No Significant Impact was noticed in

the Federal Register on December 6,

1995 (60 FR 67483).

This exemption is effective upon

issuance and expires on January 16,

1996.

Dated at Rockville, Maryland this 7th day

of December 1995.

For the Nuclear Regulatory Commission.

Bruce A. Boger,

Director, Division of Reactor Controls and

Human Factors, Office of Nuclear Reactor

Regulation.

[FR Doc. 95–30335 Filed 12–12–95; 8:45 am]

BILLING CODE 7590–01–P

OFFICE OF PERSONNEL

MANAGEMENT

The National Partnership Council

AGENCY: Office of Personnel

Management.

ACTION: Notice of meeting.

TIME AND DATE: 1:00 p.m., December 13,

1995.

PLACE: OPM Conference Center, Room

1350, Theodore Roosevelt Building,

1900 E Street, NW., Washington, DC

20415–0001. The conference center is

located on the first floor. Seating will be

available on a first-come, first-served

basis. Handicapped individuals wishing

to attend should contact OPM at the

number shown below to obtain

appropriate accommodations.

STATUS: This meeting will be open to the

public from 1:00 p.m. until

approximately 1:30 p.m. The rest of the

meeting will be closed to the public.

MATTERS TO BE CONSIDERED: National

Partnership Council (NPC) Training and

Facilitation Handbook; selection of NPC

Award winners.

PORTION OPEN TO THE PUBLIC: Discussion

of the NPC Training and Facilitation

Handbook and other items referred to in

the strategic action plan for 1995 that

was adopted at the January 10, 1995,

meeting. This portion of the meeting

will run from 1:00 p.m. until

approximately 1:30 p.m.

PORTION CLOSED TO THE PUBLIC: Under 5

U.S.C. § 552b(c)(9)(B) of the Government

in the Sunshine Act, the discussion and

selection of NPC Partnership Award

winners, beginning at approximately

1:30 p.m., will be closed to the public.

Because of the desire to keep the final

selection of the NPC award winners

confidential until they are officially

notified and the awards are announced,

disclosure of the NPC’s deliberations

and final selection of award winners

would significantly frustrate

implementation of the awards program.

CONTACT PERSON FOR MORE INFORMATION:

Douglas K. Walker, National Partnership

Council, Executive Secretariat, Office of

Personnel Management, Theodore

Roosevelt Building, 1900 E Street, NW.,
Federal Register / Vol. 60, No. 239 / Wednesday, December 13, 1995 / Notices 64083

1 15 U.S.C. 78s(b)(1) (1988).

2Securities Exchange Act Release No. 36435

(October 30, 1995), 60 FR 56082.

3The Risk Management Committee provides

advice to GSCC on the creditworthiness of

individual applicants for netting system

membership, on the assessment of the financial

status of current netting system members, and on

market conditions affecting the government

securities market.

4 15 U.S.C. 78q–1(b)(3)(F) (1988).

5 17 CFR 200.30–3(a)(12) (1994).

1 15 U.S.C. § 78s(b)(1) (1988).

2Letter from Anthony H. Davidson, MBSCC, to

Michele J. Bianco, Division of Market Regulation,

Commission (November 1, 1995).

3The Commission has modified parts of these

statements.

Room 5315, Washington, DC 20415–

0001, (202) 606–1000.

SUPPLEMENTARY INFORMATION: We invite

interested persons and organizations to

submit written comments. Mail or

deliver your comments to Mr. Douglas

K. Walker at the address shown above.

Written comments should be received

by December 8 in order to be considered

at the December 13 meeting.

Office of Personnel Management.

James B. King,

Director.

[FR Doc. 95–30296 Filed 12–12–95; 8:45 am]

BILLING CODE 6325–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–36559; File No. SR–GSCC–

95–04]

Self-Regulatory Organizations;

Government Securities Clearing

Corporation; Order Approving a

Proposed Rule Change Modifying

GSCC’s By-laws To Provide

Indemnification Protection for

Members of Committees

December 6, 1995.

On August 25, 1995, the Government

Securities Clearing Corporation

(‘‘GSCC’’) filed with the Securities and

Exchange Commission (‘‘Commission’’)

the proposed rule change (File No. SR–

GSCC–95–04) pursuant to Section

19(b)(1) of the Securities Exchange Act

of 1934 (‘‘Act’’) 1 Notice of the proposal

was published in the Federal Register

on November 6, 1995.2 No comment

letters were received. For the reasons

discussed below, the Commission is

granting approval of the proposed rule

change.

I. Description

GSCC has amended its by-laws to

provide indemnification protection for

members of committees established by

GSCC’s Board of Directors who are not

officers or directors of GSCC. Article IV,

Section 4.1, of GSCC’s by-laws currently

requires that GSCC indemnify to the full

extent permitted by law a present or

past director or officer of GSCC who is

made a party to any action or

proceeding, whether civil or criminal,

by reason of the fact that such person is

or was a director or officer of GSCC.

The indemnification obligation under

Article IV, Section 4.1, did not extend

to members of committees established

by GSCC’s Board of Directors if the

members of the committees were not

directors or officers of GSCC. Thus, for

example, the indemnification protection

in GSCC’s by-laws did not cover most of

the members of GSCC’s Risk

Management Committee who are senior

credit officers of GSCC member firms.3

The amendment provides members of

Board-established committees with

indemnification protection comparable

to the protection currently given to

GSCC’s directors and officers.

II. Discussion

Section 17A(b)(3)(F) 4 of the Act

requires that the rules of a clearing

agency be designed to assure the

safeguarding of securities and funds

which are in the custody or control of

the clearing agency or for which it is

responsible. The Commission believes

GSCC’s proposed rule change is

consistent with the requirements of

Section 17A(b)(3)(F) because the

proposal, by affording appropriate

protection to committee members,

should enable GSCC to obtain the

services of qualified individuals on its

Board-established committees and

should help ensure that such

individuals may act freely and

objectively in the exercise of their

duties. By enhancing the selection and

objectivity of its committee members,

GSCC’s committees may better fulfill

their obligations to limit credit and

market risks to GSCC’s system thus

assuring GSCC’s ability to safeguard

securities and funds under its control.

III. Conclusion

On the basis of the foregoing, the

Commission finds that the proposed

rule change is consistent with the

requirements of the Act and in

particular Section 17A of the Act and

the rules and regulations thereunder.

It is therefore ordered, pursuant to

Section 19(b)(2) of the Act, that the

proposed rule change (File No. SR–

GSCC–95–04) be and hereby is

approved.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.5

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–30301 Filed 12–2–95; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–36557; File No. SR–

MBSCC–95–8]

Self-Regulatory Organizations; MBS

Clearing Corporation; Notice of Filing

Relating to Eligibility Changes for

Settlement Balance Order Settlement

December 6, 1995.

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

Securities Exchange Act of 1934

(‘‘Act’’),1 notice is hereby given that on

October 17, 1995, MBS Clearing

Corporation (‘‘MBSCC’’) filed with the

Securities and Exchange Commission

(‘‘Commission’’) the proposed rule

change as described in Items I, II, and

III below, which items have been

prepared primarily by MBSCC. On

November 1, 1995, MBSCC filed an

amendment to its proposed rule

change.2 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

The proposed rule change consists of

modifications to MBSCC’s Procedures

relating to eligibility for Settlement

Balance Order (SBO) settlement.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission,

MBSCC included statements concerning

the purpose of and basis for the

proposed rule change and discussed any

comments it received on the proposed

rule change. The text of these statements

may be examined at the places specified

in Item IV below. MBSCC has prepared

summaries, set forth in sections (A), (B),

and (C) below, of the most significant

aspects of such statements.3

(A) Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

The proposed rule change will modify

MBSCC’s Procedures relating to

eligibility for SBO settlement.

Specifically, the purpose of the

proposed rule change is to enable

MBSCC to reject trades destined for SBO

settlement between multiple accounts of

a participant as well as between a

participant’s account and an account of