28210 Federal Register / Vol. 61, No. 108 / Tuesday, June 4, 1996 / Notices

1 Copies of the Minutes of the Federal Open

Market Committee meeting of March 26, 1996,

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.

CFR part 271), there is set forth below

the domestic policy directive issued by

the Federal Open Market Committee at

its meeting held on March 26, 1996.1

The directive was issued to the Federal

Reserve Bank of New York as follows:

Many of the data for recent months

reviewed at this meeting were

influenced to an uncertain degree by

unusually severe winter weather,

industrial strikes, and U.S. government

shutdowns. On balance, the expansion

in economic activity appears to have

picked up after slowing appreciably in

late 1995. Nonfarm payroll employment

surged in February, considerably more

than offsetting a large drop in January,

and the civilian unemployment rate fell

to 5.5 percent. Manufacturing

production increased sharply in

February after a sizable decline in

January. Growth of consumer spending,

which had been sluggish earlier in the

winter, spurted in February, paced by

strong motor vehicle purchases.

Housing starts rose in January and

February. Orders and contracts point to

continuing expansion of spending on

business equipment and nonresidential

structures. The nominal deficit on U.S.

trade in goods and services narrowed

substantially in the fourth quarter from

its average rate in the third quarter.

There has been no clear change in

underlying inflation trends.

Changes in short-term market interest

rates have been mixed while long-term

rates have risen appreciably since the

Committee meeting on January 30-31. In

foreign exchange markets, the tradeweighted value of the dollar in terms of

the other G-10 currencies has declined

slightly over the intermeeting period.

Growth of M2 and M3 has

strengthened considerably in recent

months, while expansion in total

domestic nonfinancial debt has

remained moderate on balance.

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 January

established ranges for growth of M2 and

M3 of 1 to 5 percent and 2 to 6 percent

respectively, measured from the fourth

quarter of 1995 to the fourth quarter of

1996. The monitoring range for growth

of total domestic nonfinancial debt was

set at 3 to 7 percent for the year. 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 maintain the existing degree of

pressure on reserve positions. 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, slightly greater reserve

restraint or slightly lesser reserve

restraint would be acceptable in the

intermeeting period. The contemplated

reserve conditions are expected to be

consistent with moderate growth in M2

and M3 over coming months.

By order of the Federal Open Market

Committee, May 29, 1996.

Donald L. Kohn,

Secretary, Federal Open Market Committee.

[FR Doc. 96–13860 Filed 6–3–96; 8:45 am]

BILLING CODE 6210–01–F

Sunshine Act Meeting

AGENCY HOLDING THE MEETING: Board of

Governors of the Federal Reserve

System.

TIME AND DATE: 11:00 a.m., Monday, June

10, 1996.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, C Street

entrance between 20th and 21st Streets,

N.W., Washington, D.C. 20551.

STATUS: Closed.

MATTERS TO BE CONSIDERED:

1. Personnel actions (appointments,

promotions, assignments, reassignments, and

salary actions) involving individual Federal

Reserve System employees.

2. Any items carried forward from a

previously announced meeting.

CONTACT PERSON FOR MORE INFORMATION:

Mr. Joseph R. Coyne, Assistant to the

Board; (202) 452–3204. You may call

(202) 452–3207, beginning at

approximately 5 p.m. two business days

before this meeting, for a recorded

announcement of bank and bank

holding company applications

scheduled for the meeting.

Dated: May 31, 1996.

William W. Wiles,

Secretary of the Board.

[FR Doc. 96–14132 Filed 5–31–96; 3:41 pm]

BILLING CODE 6210–01–P

GENERAL SERVICES

ADMINISTRATION

Federal Telecommunications

Standards

AGENCY: Office of Policy, Planning and

Evaluation, GSA.

ACTION: Notice of comments on

proposed interim Federal

Telecommunications Standards.

SUMMARY: The purpose of the notice is

solicit the views of Federal agencies,

industry, the public, and State and local

governments on proposed interim

Federal Telecommunications Standards:

001101 Telecommunications: Land

Mobile Radio Project 25 ‘‘System and

Standards Definition’’; 001102,

Telecommunications: Land Mobile

Radio Project 25 ‘‘Common Air

Interface’’; 001104,

Telecommunications: Land Mobile

Radio Project 25 ‘‘Encryption’’; 001107

Telecommunications: Land Mobile

Radio Project 25 ‘‘Transceiver

Performance and Measurement

Methods’’; and 001108,

Telecommunications: Land Mobile

Radio Project 25 ‘‘Vocoder’’.

DATES: Comments are due on or before

July 5, 1996.

ADDRESSES: Send comments to the

General Services Administration, Office

of Information Technology, Policy and

Regulations Division (MKR), 18th and F

Streets, NW, Room 3224, Washington,

DC 20405. (Attn. LMR Stds).

FOR FURTHER INFORMATION CONTACT:

Mr. Keith Thurston, General Services

Administration, telephone (202) 501–

3194.

SUPPLEMENTARY INFORMATION: 1. The

General Services Administration (GSA)

is responsible under the provisions of

the Federal Property and Administrative

Services Act of 1949, as amended for the

Federal Standardization Program

2. On October 4, 1994, a notice was

published in the Federal Register (59 FR

50630) that proposed the above interim

Federal Telecommunications Standards

for Land Mobile Radios (LMR). Due to

the on-going level of interest in these

Standards, GSA is providing this

additional public comment period to

provide a final opportunity for all

parties to provide comments.

3. The justification package as

approved by the Federal

Telecommunications Standards

Committee (FTSC) and the National

Communications Systems (NCS) was

presented to GSA by NCS with a

recommendation for adoption of the

standards.
Federal Register / Vol. 61, No. 108 / Tuesday, June 4, 1996 / Notices 28211

4. Interim Federal

Telecommunications Standards are nonmandatory.

5. LMR standards, also called Project

25, is a joint effort that includes state

governments, represented by the

National-Association of State

Telecommunications Directors

(NASTD), and local governments

represented by the Association of

Public-safety Communications Officials,

(APCO) to develop common standards

for (LMR).

6. Proposed Interim Federal Standard

001101 will adopt Telecommunication

Industry Association (TIA) TSB 102.

Proposed Interim Federal Standard

001102 will adopt TIA TSB 102BAAA

and TIA TSB 102BAAB (now in draft).

Proposed Interim Federal Standard

001104 will adopt TIA Interim Standard

102AAAA and National Security

Agency Specification V23–94–1 (for the

encryption of classified information).

Proposed Interim Federal Standard

001107 will adopt TIA TSB 102CAAA

and TSB 102CAAB (now in draft).

Proposed Interim Federal Standard

001108 will adopt TIA Interim Standard

102BABA.

7. Requests for copies of the proposed

Interim Federal Standard 001101,

001102, 001104, 001107, and 001108

should be directed to the National

Communications System. Office of

Technology and Standards, Attn: NT,

701 South Court House Road, Arlington,

VA 22204–2198.

Dated: May 22, 1996

G. Martin Wagner,

Associate Administrator, Office of Policy,

Planning and Evaluation.

[FR Doc. 96–13895 Filed 6–3–96; 8:45 am]

BILLING CODE 6820–25–M

[GSA Bulletin FTR 19]

Federal Travel Regulation;

Reimbursement of Higher Actual

Subsistence Expenses for Official

Travel to Per Diem Localities Impacted

by the Atlanta, Georgia, 1996 Olympic

Games

AGENCY: Office of Policy, Planning and

Evaluation, GSA.

ACTION: Notice of bulletin.

SUMMARY: The attached bulletin informs

agencies of the establishment of a

special actual subsistence expense

ceiling for official travel to locations in

the state of Georgia, and other proposed

surrounding areas, due to the escalation

of lodging rates during the 1996

Olympic Games. it is anticipated that

higher actual subsistence expense

reimbursement rates will be approved

for other localities still in the process of

review which will impact different time

periods.

EFFECTIVE DATES: These special rates are

applicable to claims for reimbursement

covering travel to the Atlanta area in

Georgia during the period June 20

through August 25, 1996; and to the

Peachtree City and Newnan areas of

Georgia during the period June 25

through August 6, 1996.

FOR FURTHER INFORMATION CONTACT:

Devoanna R. Reels, General Services

Administration, Travel and

Transportation Management Policy

Division (MTT), Washington, DC 20405,

telephone 202–501–1538.

SUPPLEMENTARY INFORMATION: The

Administrator of General Services,

pursuant to 41 CFR 301–8.3(c) and at

the request of the Departments of

Commerce and Justice, increased the

maximum daily amount of

reimbursement that agencies may

approve for actual and necessary

subsistence expenses for official travel

to certain Georgia areas impacted by the

1996 Olympic Games. The attached

GSA Bulletin FTR 19 is issued to inform

agencies of the establishment of this

special actual subsistence expense

ceiling.

Dated: May 23, 1996.

Becky Rhodes,

Deputy Associate Administrator, Office of

Transportation and Personal Property.

Attachment

[GSA Bulletin FTR 19]

May 23, 1996

TO: Heads of Federal agencies.

SUBJECT: Reimbursement of higher

actual subsistence expenses for

official travel to per diem localities

impacted by the Atlanta, Georgia,

1996 Olympic Games.

1. Purpose. This bulletin informs

agencies of the establishment of a

special actual subsistence expense

ceiling for official travel to locations in

the state of Georgia, and other proposed

surrounding areas, due to the escalation

of lodging rates during the 1996

Olympic Games. This special rate

applies to claims for reimbursement

covering travel during periods as

specified in paragraph 3, below.

2. Background. The Federal Travel

Regulation (FTR) (41 CFR chapters 301–

304) part 308–8 permits the

Administrator of General Services to

establish a higher maximum daily rate

for the reimbursement of actual

subsistence expenses of Federal

employees on official travel to an area

within the continental United States.

The head of an agency may request

establishment of such a rate when

special or unusual circumstances result

in an extreme increase in subsistence

costs for a temporary period. The

Departments of Commerce and Justice

requested establishment of such a rate

for areas impacted by the 1996 Olympic

Games to accommodate employees who

perform temporary duty there and

experience a temporary but significant

increase in lodging costs due to the

escalation of lodging prices. These

circumstances justify the need for

higher subsistence expense

reimbursement for designated localities

as specified in paragraph 3, below.

3. Maximum rate, effective date, and

affected localities. The Administrator of

General Services, pursuant to 41 CFR

301–8.3(c), has increased the maximum

daily amount of reimbursement that

may be approved for actual and

necessary subsistence expenses for

official travel to some Georgia localities

as sites for the 1996 Olympic Games.

This special reimbursement rate applied

for travel to the following areas of

Georgia:

Atlanta Area

Counties of Clayton, Cobb, DeKalb,

Fulton, and Gwinnett; a higher actual

subsistence expense reimbursement rate

not to exceed $357 ($323 maximum for

lodging and a $34 allowance for meals

and incidental expenses (M&IE)) for

Federal employee travel during the

period June 20 through August 25, 1996.

Peachtree City and Newnan Areas

Counties of Fayette and Coweta,

respectively; a higher actual subsistence

expense reimbursement rate not to

exceed $151 ($125 maximum for

lodging and a $26 allowance) for

Federal employee travel during the

period June 25 through August 6, 1996.

4. Other proposed localities. The

General Services Administration (GSA)

has received a number of inquiries

concerning extraordinary expenses that

will be incurred by Federal employees

required to perform official travel

during the 1996 Olympic Games. Other

Federal agencies have identified

differing localities and time frames for

consideration. Because of the

extraordinary nature created by these

unusual circumstances, it is anticipated

that higher actual subsistence expense

reimbursement rates will be approved

for other localities which will impact

different time periods. In order to keep

Federal agencies apprised, GSA will

issue supplements, as necessary, to this

bulletin.

5. Expiration date. This bulletin

expires on December 31, 1996.