24696 Federal Register / Vol. 61, No. 96 / Thursday, May 16, 1996 / Rules and Regulations

writing to Consumer Information Center,

Dept. YGP, Pueblo, Colorado 81009.

[THE FOLLOWING SENTENCE MAY BE

INCLUDED:]

‘‘Your Guaranteed Pension’’ is also

available from the PBGC Homepage on the

World Wide Web at http://www.pbgc.gov/

ygp.htm.

Issued: [INSERT AT LEAST MONTH AND

YEAR]

Appendix B to Part 2627—Table of

Maximum Guaranteed Benefits

If a plan terminates in—

The maximum guaranteed benefit for an individual starting to receive benefits at the age listed below is the

amount (monthly or annual) listed below:

Age 65 Age 62 Age 60 Age 55

Monthly Annual Monthly Annual Monthly Annual Monthly Annual

1995 ................................... $2,573.86 $30,886.32 $2,033.35 $24,400.20 $1,673.01 $20,076.12 $1,158.24 $13,898.88

1996 ................................... 2,642.05 31,704.60 2,087.22 25,046.64 1,717.33 20,607.96 1,188.92 14,267.04

The maximum guaranteed benefit for an

individual starting to receive benefits at ages

other than those listed above can be

determined by applying the PBGC’s

regulation on computation of maximum

guaranteeable benefits (29 CFR § 2621.4).

Issued in Washington, DC, this 13th day of

May, 1996.

Martin Slate,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 96–12335 Filed 5–15–96; 8:45 am]

BILLING CODE 7708–01–P

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 585

Federal Republic of Yugoslavia (Serbia

and Montenegro) and Bosnian Serb–

Controlled Areas of the Republic of

Bosnia and Herzegovina Sanctions

Regulations; Suspension of Sanctions

Against the Bosnian Serbs

AGENCY: Office of Foreign Assets

Control, Treasury.

ACTION: Final rule; amendments.

SUMMARY: This rule amends the Federal

Republic of Yugoslavia (Serbia and

Montenegro) and Bosnian Serb–

Controlled Areas of the Republic of

Bosnia and Herzegovina Sanctions

Regulations to authorize prospectively

all transactions with respect to property

and interests in property of the Bosnian

Serb forces and authorities and any

dealing by U.S. persons relating to trade

with or in, and the exportation of

services to, the areas of the Republic of

Bosnia and Herzegovina that the

Bosnian Serb forces control.

EFFECTIVE DATE: May 10, 1996.

FOR FURTHER INFORMATION CONTACT:

Steven I. Pinter, Chief of Licensing, tel.:

202/622–2480, Dennis P. Wood, Chief of

Compliance Programs, tel.: 202/622–

2490, or William B. Hoffman, Chief

Counsel, tel.: 202/622–2410, Office of

Foreign Assets Control, Department of

the Treasury, Washington, DC 20220.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

This document is available as an

electronic file on The Federal Bulletin

Board the day of publication in the

Federal Register. By modem, dial 202/

512–1387 and type ‘‘/GO FAC,’’ or call

202/512–1530 for disk or paper copies.

This file is available for downloading

without charge in WordPerfect 5.1,

ASCII, and Adobe AcrobatTM readable

(*.PDF) formats. For Internet access, the

address for use with the World Wide

Web (Home Page), Telnet, or FTP

protocol is: fedbbs.access.gpo.gov. The

document is also accessible for

downloading in ASCII format without

charge from Treasury’s Electronic

Library (‘‘TEL’’) in the ‘‘Business, Trade

and Labor Mall’’ of the FedWorld

bulletin board. By modem, dial 703/

321–3339, and select the appropriate

self–expanding file in TEL. For Internet

access, use one of the following

protocols: Telnet = fedworld.gov

(192.239.93.3); World Wide Web (Home

Page) = http://www.fedworld.gov; FTP

= ftp.fedworld.gov (192.239.92.205).

Additional information concerning the

programs of the Office of Foreign Assets

Control is available for downloading

from the Office’s Internet Home Page:

http://www.ustreas.gov/treasury/

services/fac/fac.html, or in fax form

through the Office’s 24–hour fax–on–

demand service: call 202/622–0077

using a fax machine, fax modem, or

touch tone telephone.

Background

On January 16, 1996, the Treasury

Department suspended prospectively

sanctions imposed against the Federal

Republic of Yugoslavia (Serbia and

Montenegro) (the ‘‘FRY (S&M)’’).

Sanctions against the Bosnian Serb

forces and authorities and the areas of

the Republic of Bosnia and Herzegovina

that they control were to remain in

effect until their troop withdrawal to

agreed borders, consistent with the

General Framework Agreement for

Peace in Bosnia and Herzegovina and

the Annexes thereto (collectively the

‘‘Peace Agreement’’), which was

initialled on November 21, 1995, and

signed on December 4, 1995, and with

paragraph 2 of United Nations Security

Council Resolution 1022 of November

22, 1995 (the ‘‘Resolution’’).

On February 26, in keeping with

paragraph 2 of the Resolution, the

United Nations Secretary–General

transmitted to the Security Council the

report of the commander of the

international force deployed in

accordance with the Peace Agreement

stating that all Bosnian Serb forces had

withdrawn behind the zones of

separation established by that

Agreement. Accordingly, the Office of

Foreign Assets Control is amending the

Federal Republic of Yugoslavia (Serbia

and Montenegro) and Bosnian Serb–

Controlled Areas of the Republic of

Bosnia and Herzegovina Sanctions

Regulations, 31 CFR part 585 (the

‘‘Regulations’’), by adding § 585.527 to

the Regulations to authorize

prospectively those transactions

previously prohibited with respect to

the Bosnian Serb forces and authorities

and entities organized or located in

those areas of the Republic of Bosnia

and Herzegovina under their control;

entities owned or controlled directly or

indirectly by any person in, or resident

in, those areas; and any person acting

for or on behalf of any of the foregoing.

U.S. persons are also authorized to

engage in transactions involving the

areas of the Republic of Bosnia and

Herzegovina under the control of the

Bosnian Serb forces, and services may

be exported either from the United

States or by U.S. persons to those areas.

Property and interests in property

previously blocked due to an interest of

any person described in § 585.201

remain blocked.

Because the Regulations involve a

foreign affairs function, Executive Order

12866 and the provisions of the

Administrative Procedure Act, 5 U.S.C.

553, requiring notice of proposed
Federal Register / Vol. 61, No. 96 / Thursday, May 16, 1996 / Rules and Regulations 24697

rulemaking, opportunity for public

participation, and delay in effective

date, are inapplicable. Because no

notice of proposed rulemaking is

required for this rule, the Regulatory

Flexibility Act, 5 U.S.C. 601–612, does

not apply.

List of Subjects in 31 CFR Part 585

Administrative practice and

procedure, Banks, banking, Blocking of

assets, Bosnia and Herzegovina, Foreign

investments in United States, Foreign

trade, Penalties, Reporting and

recordkeeping requirements, Securities,

Specially designated nationals,

Transportation, Yugoslavia.

For the reasons set forth in the

preamble, 31 CFR part 585 is amended

as set forth below:

1. The authority citation for part 585

continues to read as follows:

Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 49

U.S.C. App. 1514; 50 U.S.C. 1601–1651; 50

U.S.C. 1701–1706; E.O. 12808, 57 FR 23299,

3 CFR, 1992 Comp., p. 305; E.O. 12810, 57

FR 24347, 3 CFR, 1992 Comp., p. 307; E.O.

12831, 58 FR 5253, 3 CFR, 1993 Comp., p.

576; E.O. 12846, 58 FR 25771, 3 CFR, 1993

Comp., p. 599; E.O. 12934, 59 FR 54117, 3

CFR, 1994 Comp., p. 930.

Subpart E—Licenses, Authorizations,

and Statements of Licensing Policy

2. Section 585.527 is added to subpart

E to read as follows:

§ 585.527 Authorization of certain new

transactions with respect to the Bosnian

Serbs.

(a) Notwithstanding the provisions of

subpart B of this part, transactions and

activities otherwise prohibited by

§§ 585.201(c) (blocked property),

585.217(b) (entry of U.S. vessels into

riverine ports), 585.218(a) (insofar as

that paragraph relates to trade in

Bosnian Serb–controlled areas of Bosnia

and Herzegovina), and 585.218(b)

(services to Bosnian Serb–controlled

areas), are hereby authorized on or after

May 10, 1996, provided that no such

transaction results in a debit to an

account blocked prior to May 10, 1996,

or a transfer of property blocked prior to

May 10, 1996, unless such debit or

transfer is independently authorized by

or pursuant to this part.

(b) The authorizations contained in

this section do not eliminate the need to

comply with regulatory requirements

not administered by the Office of

Foreign Assets Control, including

aviation, financial and trade

requirements administered by other

federal agencies.

Dated: April 23, 1996.

R. Richard Newcomb,

Director, Office of Foreign Assets Control.

Approved: May 2, 1996.

John P. Simpson,

Deputy Assistant Secretary (Regulatory, Tariff

& Law Enforcement).

[FR Doc. 96–12227 Filed 5–10–96; 3:39 pm]

BILLING CODE 4810–25–F

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 165

[CGD01–96–021]

RIN 2115–AA97

Safety Zone: USS JOHN F. KENNEDY,

Fleet Week 1996, Port of NY and NJ

AGENCY: Coast Guard, DOT.

ACTION: Temporary final rule.

SUMMARY: The Coast Guard is

establishing a temporary moving safety

zone on May 22, 1996, and May 29,

1996, and May 29, 1996, for the arrival

and departure of the USS JOHN F.

KENNEDY during Fleet Week 1996.

This moving safety zone includes all

waters 500 yards fore and aft, and 200

yards on each side of the USS JOHN F.

KENNEDY as the vessel enters and

departs the Port of New York and New

Jersey.

EFFECTIVE DATE: This rule is effective on

May 22, 1996, from 7 a.m. until 1 p.m.,

and on May 29, 1996, from 7:30 a.m.

until 12:01 p.m., unless extended or

terminated sooner by the Coast Guard

Captain of the Port, New York.

FOR FURTHER INFORMATION CONTACT:

Lieutenant Commander R. Trabocchi,

Chief, Coordination and Analysis

Branch, Waterways Management

Division, Coast Guard Activities New

York, (212) 668–7906.

SUPPLEMENTARY INFORMATION:

Regulatory History

Pursuant to 5 U.S.C. 553, a notice of

proposed rulemaking (NPRM) was not

published for this regulation. Good

cause exists for not publishing an

NPRM, and for making this regulation

effective less than 30 days after Federal

Register publication. Due to the date

that specific, detailed information on

the arrival and departure plans of the

USS JOHN F. KENNEDY’s visit to New

York City was made available to the

Coast Guard, there was insufficient time

to draft and publish an NPRM.

Immediate action is needed to protect

the maritime public from the hazards

associated with a large vessel with

limited manueverability transisting the

Port of New York and New Jersey.

Background and Purpose

The Intrepid Museum Foundation is

sponsoring the Fleet Week 1996 Parade

of Ships. The USS JOHN F. KENNEDY

has been designated as the Fleet Week

Flagship and will be entering the Port of

New York and New Jersey on May 22,

1996, to participate in the parade. USS

JOHN F. KENNEDY intends to depart

the Port of New York and New Jersey

following the completion of Fleet Week

1996 on May 29, 1996. This regulation

will be effective during the arrival and

departure of the USS JOHN F.

KENNEDY on May 22, 1996, from 7 a.m.

until 1 p.m., and on May 29, 1996, from

7:30 a.m. until 12:01 p.m. unless

extended or terminated sooner by the

Coast Guard Captain of the Port, New

York. This regulation establishes a

moving safety zone within 500 yards

fore and aft and 200 yards on each side

of the USS JOHN F. KENNEDY as it

transits the Port of New York and New

Jersey between Ambrose Channel

Lighted Whistle Buoy ‘‘A’’, at or near

40°28.8′ N latitude, 73°53.7′ W

longitude (NAD 1983), and Pier 88,

Manhattan, New York, exclusive of the

time it is transiting as part of the Fleet

Week 1996 Parade of Ships on May 22,

1996. This moving safety zone is

maintained while the vessel is at anchor

in Federal Anchorage 23A on May 22,

1996; however, while at anchor the

moving safety zone is reduced to a

radius of 300 yards around the vessel.

No vessels will be permitted to enter or

move within this moving safety zone

unless authorized by the Captain of the

Port, New York.

This regulation is needed to protect

the maritime public from possible

hazards to navigation associated with a

large naval vessel transiting the Port of

New York and New Jersey with limited

maneuverability in restricted waters. It

provides a clear traffic lane in order for

the USS JOHN F. KENNEDY to safely

navigate to and from its berth.

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 not been reviewed 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 rule to be so minimal that