Federal Register / Vol. 60, No. 6 / Tuesday, January 10, 1995 / Notices 2599

1 Copies of the Minutes of the Federal Open

Market Committee meeting of November 15, 1994,

which include the domestic policy directive issued

at that meeting, are available upon request to the

Board of Governors of the Federal Reserve System,

Washington, D.C. 20551. The minutes are published

in the Federal Reserve Bulletin and in the Board’s

annual report.

EPA) is announcing a meeting of the

Alternatives Assessment Committee of

the Grand Canyon Visibility Transport

Commission (Commission).

The Alternatives Assessment

Committee will meet from 8:30 am on

Tuesday, January 17, 1995 to 5:00 pm

on Wednesday, January 18, 1995, at the

Sheraton Mesa Hotel, 200 North

Centennial Way, Mesa, Arizona. The

purpose of the meeting will be to

finalize emission management scenarios

for detailed analysis by contractors on

behalf of the Commission.

The Commission was established by

U.S. EPA on November 13, 1991 (see 56

FR 57522, November 12, 1991). All

meetings are open to the public. These

meetings are not subject to the

provisions of the Federal Advisory

Committee Act, Public Law 92–463, as

amended.

FOR FURTHER INFORMATION CONTACT: Mr.

John Leary, Project Manager for the

Grand Canyon Visibility Transport

Commission, Western Governors’

Association, 600 17th Street, Suite 1705,

South Tower, Denver, Colorado 80202;

telephone number (303) 623–9378;

facsimile machine number (303) 534–

7309.

Dated: December 22, 1994.

Felicia Marcus,

Regional Administrator, U.S. Environmental

Protection Agency, Region 9.

[FR Doc. 95–463 Filed 1–9–95; 8:45 am]

BILLING CODE 6560–50–P

[FRL–5137–3]

Invitation for Submittal to the Vendor

Information System for Innovative

Treatment Technologies

AGENCY: Environmental Protection

Agency.

ACTION: Notice of invitation.

SUMMARY: EPA’s Technology Innovation

Office (TIO), of the Office of Solid Waste

and Emergency Response, is

announcing an invitation for submittal

of new or updated information on

innovative treatment technologies for

participation in the VISITT database

Version 4.0. This invitation is extended

to technology vendors, developers,

manufacturers, suppliers of innovative

treatment technology equipment and

services. VISITT is a database developed

by EPA to disseminate information on

innovative treatment technologies for

remediation of soil and groundwater

contaminated by hazardous wastes; it

also provides a means for treatment

technology vendors to make their

products and capabilities known.

VISITT 3.0, which was released in June,

1994, contains information on 277

technologies offered by 171 vendors and

is expected to reach more than 10,000

users in over 60 countries. Vendors can

be included in this database by meeting

the below mentioned requirements and

completing the Vendor Information

Form.

DATES: Completed Vendor Information

Form submitted by January 31, 1994

will be considered for inclusion in the

VISITT 4.0 scheduled for release in the

summer of 1995.

ADDRESSES: To obtain the VISITT 4.0

Vendor Information Form (EPA–542–R–

94–004), call the EPA’s National Center

for Environmental Publications and

Information at (513) 891–6561 or fax

your request at (513) 891–6685. Submit

completed forms to: VISITT System

Operator, PRC Environmental

Management Inc., Suite 220, 1505 PRC

Drive, McLean, VA 22102.

FOR FURTHER INFORMATION CONTACT: The

VISITT Hotline at 1–800–245–4505.

SUPPLEMENTARY INFORMATION: EPA

anticipates that VISITT will continue to

be used by professionals responsible for

the cleanup of Superfund sites, RCRA

corrective action sites, state-led

cleanups, federal facility restoration

programs, and remedial actions at

leaking underground storage tank (UST)

sites in the United States, as well as

remediation projects abroad. The

database will allow users to screen

technologies for consideration in

engineering feasibility studies, and to

identify vendors who provide

treatability studies and cleanup

services.

The database will contain information

on vendors of innovative technologies

that treat ground water in-situ, as well

as soils, sludge, and sediments.

Examples of technologies included are

soil washing, thermal desorption,

bioremediation, solvent extraction, and

in-situ vitrification. VISITT will not

include more established technologies

such as incineration, solidification/

stabilization, and traditional pump-andtreat ground water remediation. Also

not included are technologies applicable

to industrial waste streams, such as

waste minimizing methods.

Technologies may be at bench, pilot, or

full scale. VISITT will contain the

following minimum vendor

information, as submitted in full by

vendors: company information (name,

address, contacts, and phone number);

technology description; technology

highlights and limitations; and

applicable media, wastes and

contaminants.

Vendors must verify or update the

information at least once a year to

remain in the database. The information

contained in this invitation for

Submittal is approved by the Office of

Management and Budget under OMB

Control Number 2050–0114.

Walter W. Kovalick, Jr.,

Director, Technology Innovation Office, Office

of Solid Waste and Emergency Response

(5102W).

[FR Doc. 95–593 Filed 1–9–95; 8:45 am]

BILLING CODE 6560–50–P

FEDERAL RESERVE SYSTEM

Federal Open Market Committee;

Domestic Policy Directive of November

15, 1994

In accordance with § 271.5 of its rules

regarding availability of information (12

CFR part 271), there is set forth below

the domestic policy directive issued by

the Federal Open Market Committee at

its meeting held on November 15,

1994.1 The directive was issued to the

Federal Reserve Bank of New York as

follows:

The information reviewed at this

meeting suggests that the growth of the

economy has remained substantial.

Nonfarm payroll employment advanced

appreciably further in October, and the

civilian unemployment rate edged down

to 5.8 percent. Industrial production

registered a large increase in October

after posting sizable gains on average

over other recent months, and capacity

utilization moved up further from

already high levels. Retail sales have

continued to rise rapidly. Housing starts

rose appreciably in September. Orders

for nondefense capital goods point to a

continued strong expansion in spending

on business equipment; permits for

nonresidential construction have been

trending higher. Inventory accumulation

appears to have continued at a brisk

pace in the third quarter. For July and

August combined, the nominal deficit

on U.S. trade in goods and services

widened from its second-quarter

average. Prices of many materials have

continued to move up rapidly, but broad

indexes of prices for consumer goods

and services have increased moderately

on average over recent months.

Most market interest rates have risen

appreciably since the September

meeting. The trade-weighted value of

the dollar in terms of the other G-10
2600 Federal Register / Vol. 60, No. 6 / Tuesday, January 10, 1995 / Notices

currencies was essentially unchanged

on balance over the intermeeting period,

though it was weaker through much of

the period.

M2 contracted further in October

while M3 expanded at a moderate pace,

buoyed by continued rapid growth in

large-denomination time deposits. For

the year through October, M2 grew at a

rate at the bottom of the Committee’s

range for 1994 and M3 at a rate in the

lower half of its range for the year. Total

domestic nonfinancial debt has

continued to expand at a moderate rate

in recent months.

The Federal Open Market Committee

seeks monetary and financial conditions

that will foster price stability and

promote sustainable growth in output.

In furtherance of these objectives, the

Committee at its meeting in July

reaffirmed the ranges it had established

in February for growth of M2 and M3 of

1 to 5 percent and 0 to 4 percent

respectively, measured from the fourth

quarter of 1993 to the fourth quarter of

1994. The Committee anticipated that

developments contributing to unusual

velocity increases could persist during

the year and that money growth within

these ranges would be consistent with

its broad policy objectives. The

monitoring range for growth of total

domestic nonfinancial debt was

maintained at 4 to 8 percent for the year.

For 1995, the Committee agreed on

tentative ranges for monetary growth,

measured from the fourth quarter of

1994 to the fourth quarter of 1995, of 1

to 5 percent for M2 and 0 to 4 percent

for M3. The Committee provisionally set

the associated monitoring range for

growth of domestic nonfinancial debt at

3 to 7 percent for 1995. The behavior of

the monetary aggregates will continue to

be evaluated in the light of progress

toward price level stability, movements

in their velocities, and developments in

the economy and financial markets.

In the implementation of policy for

the immediate future, the Committee

seeks to increase significantly the

existing degree of pressure on reserve

positions, taking account of a possible

increase in the discount rate. In the

context of the Committee’s long-run

objectives for price stability and

sustainable economic growth, and

giving careful consideration to

economic, financial, and monetary

developments, somewhat greater reserve

restraint or somewhat lesser reserve

restraint would be acceptable in the

intermeeting period. The contemplated

reserve conditions are expected to be

consistent with modest growth in M2

and M3 over coming months.

By order of the Federal Open Market

Committee, January 4, 1995.

Donald L. Kohn,

Secretary, Federal Open Market Committee.

[FR Doc. 95–531 Filed 1–9–95; 8:45 am]

BILLING CODE 6210–01–F

Banque Nationale de Paris, Paris,

France; Change in Bank Control

Notices; Acquisitions of Shares of

Banks or Bank Holding Companies;

Correction

This notice corrects a notice (FR Doc.

95-25273) published on page 51977 of

the issue for Thursday, October 13,

1994.

The entry for Banque Nationale de

Paris, Paris, France (BNP), is revised to

include acting, through BNP/Cooper

Neff, Inc., Radnor, Pennsylvania

(Company), as a specialist on the

Philadelphia Stock Exchange with

respect to options on the Deutsche

mark. BNP maintains that the Board

previously has determined by order that

the proposed activity, when conducted

within the limitations established by the

Board in previous orders, is closely

related to banking. See Societe Generale,

75 Federal Reserve Bulletin 580

(1989)(acting as a specialist on Deutsche

mark options traded on the Philadelphia

Stock Exchange). BNP states that

Company would conduct this

previously approved activity in

conformance with the conditions and

limitations previously established by

the Board.

Any comments or requests for hearing

should be submitted in writing and

received by William W. Wiles,

Secretary, Board of Governors of the

Federal Reserve System, Washington,

D.C. 20551, not later than January 26,

1995. Any request for a hearing on this

application must, as required by §

262.3(e) of the Board’s Rules of

Procedure (12 CFR 262.3(e)), be

accompanied by a statement of the

reasons why a written presentation

would not suffice in lieu of a hearing,

identifying specifically any questions of

fact that are in dispute, summarizing the

evidence that would be presented at a

hearing, and indicating how the party

commenting would be aggrieved by

approval of the proposal.

This application may be inspected at

the offices of the Board of Governors or

the Federal Reserve Bank of San

Francisco.

Board of Governors of the Federal Reserve

System, January 4, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–524 Filed 1–9–95; 8:45 am]

BILLING CODE 6210–01–F

Gillmor Financial Services, Inc.; Notice

of Application to Engage de novo in

Permissible Nonbanking Activities

The company listed in this notice has

filed an application under § 225.23(a)(1)

of the Board’s Regulation Y (12 CFR

225.23(a)(1)) for the Board’s approval

under section 4(c)(8) of the Bank

Holding Company Act (12 U.S.C.

1843(c)(8)) and § 225.21(a) of Regulation

Y (12 CFR 225.21(a)) to commence or to

engage de novo, either directly or

through a subsidiary, in a nonbanking

activity that is listed in § 225.25 of

Regulation Y as closely related to

banking and permissible for bank

holding companies. Unless otherwise

noted, such activities will be conducted

throughout the United States.

The application is available for

immediate inspection at the Federal

Reserve Bank indicated. Once the

application has been accepted for

processing, it will also be available for

inspection at the offices of the Board of

Governors. Interested persons may

express their views in writing on the

question whether consummation of the

proposal can ‘‘reasonably be expected to

produce benefits to the public, such as

greater convenience, increased

competition, or gains in efficiency, that

outweigh possible adverse effects, such

as undue concentration of resources,

decreased or unfair competition,

conflicts of interests, or unsound

banking practices.’’ Any request for a

hearing on this question must be

accompanied by a statement of the

reasons a written presentation would

not suffice in lieu of a hearing,

identifying specifically any questions of

fact that are in dispute, summarizing the

evidence that would be presented at a

hearing, and indicating how the party

commenting would be aggrieved by

approval of the proposal.

Comments regarding the application

must be received at the Reserve Bank

indicated or the offices of the Board of

Governors not later than January 24,

1995.

A. Federal Reserve Bank of Cleveland

(John J. Wixted, Jr., Vice President) 1455

East Sixth Street, Cleveland, Ohio

44101:

1. Gillmor Financial Services, Inc.,

Old Fort, Ohio; to engage de novo

through its subsidiary The Old Fort Real

Estate Company, Old Fort, Ohio, in