31192 Federal Register / Vol. 61, No. 119 / Wednesday, June 19, 1996 / Notices

significantly reduced the margin of

safety as described in the UFSAR.

Date of Issuance: May 31, 1996

Effective date: May 31, 1996

Amendment No.: 144

Facility Operating License No. DPR–

25. The amendment revised the license.

Press release issued requesting

comments as to proposed no significant

hazards consideration: Yes. Joliet

Herald News on May 25, 1996, and the

Morris Daily Herald on May 29, 1996.

Comments received: No comments were

received on the proposed no significant

hazards consideration determination;

however, comments were received

concerning the licensee’s timeliness and

decision-making in restoring the UFSAR

design margin to the structural steel

members installed the LPCI corner

rooms at Dresden Unit 3.

The Commission’s related evaluation

of the amendment, finding of exigent

circumstances, consultation with the

State of Illinois and final determination

of no significant hazards consideration

are contained in a Safety Evaluation

dated May 31, 1996.

Attorney for licensee: Michael I.

Miller, Esquire; Sidley and Austin, One

First National Plaza, Chicago, Illinois

60690

Local Public Document Room

location: Morris Area Public Library

District, 604 Liberty Street, Morris,

Illinois 60450.

NRC Project Director: Robert A. Capra

Dated at Rockville, Maryland, this 12th day

of June 1996.

For the Nuclear Regulatory Commission

John A. Zwolinski,

Deputy Director, Division of Reactor Projects

- I/II, Office of Nuclear Reactor Regulation

[Doc. 96–15398 Filed 6–18–96; 8:45 am]

BILLING CODE 7590–01–F

OCCUPATIONAL SAFETY AND

HEALTH REVIEW COMMISSION

Sunshine Act Meeting

TIME AND DATE: 10:00 a.m., on June 25,

1996.

PLACE: The Commission’s National

Office at One Lafayette Centre, 1120

20th St., N.W., 9th Floor, Washington,

DC 20036–3419.

STATUS: Under 29 C.F.R. § 2203.4(d) this

meeting is subject to being closed by a

vote of the Commissioners taken at the

beginning of the meeting. Since the only

matters to be discussed at this meeting

will be specific cases in the

Commission’s adjudicative process, it is

likely that, pursuant to 29 C.F.R.

§ 2203.3(b)(10), the meeting will be

closed upon a proper vote taken.

MATTERS TO BE CONSIDERED: Cases in the

Commission’s adjudicative process.

CONTACT PERSON FOR MORE INFORMATION:

Earl R. Ohman, Jr., General Counsel,

(202) 606–5410.

Earl R. Ohman, Jr.,

General Counsel.

[FR Doc. 96–15749 Filed 6–17–96; 8:45 am]

BILLING CODE 7600–01–M

RAILROAD RETIREMENT BOARD

Sunshine Act Meeting

Notice is hereby given that the

Railroad Retirement Board will hold a

meeting on June 26, 1996, 9:00 a.m., at

the Board’s meeting room on the 8th

floor of its headquarters building, 844

North Rush Street, Chicago, Illinois,

60611.

The agenda for this meeting follows:

Portion Open to the Public

(1) Annual Actuarial Report (Sec. 22 of the

Railroad Retirement Act of 1974 and Sec.

502 of the Railroad Retirement Solvency

Act of 1983)

(2) Fiscal Year 1996 Budget Allocations

(3) Proposed Reorganization—Bureau of

Information Systems

(4) Letters to Congress on H.R. 2942 and S.

1552

(5) Draft Legislation Proposed on April 4,

1996—Draft Legislation to Enhance Debt

Collection Efforts

(6) Medicare Part B Services (Contract No.

92RRB006)

(7) Regulations, Claims Manuals, Rulings,

and Procedures

(8) Status of Intermodal Services Under the

Railroad Retirement and Railroad

Unemployment Insurance Acts

(9) Regulations—Part 230 (Reduction and

Non-Payment of Annuities by Reason of

Work)

(10) Employee Service Determinations:

A. Maryland Midland Railway, Inc.—James

W. Schaeffer, Jr.

B. Joyce Goss

(11) Labor Member Truth in Budgeting Status

Report

Portion Closed to the Public

(A) Request for Change in Position Index

(Bureau of Hearings and Appeals)

(B) Pending Board Appeals:

(1) Anderson, Raymond

(2) Garcia, Fedelina

(3) Herbert, Harold

(4) Howard, Alvira M.

(5) McLeod, Jasper N.

(6) Trybala, Therese A.

The person to contact for more

information is Beatrice Ezerski,

Secretary to the Board, Phone No. 312–

751–4920.

Dated: June 14, 1996.

Beatrice Ezerski,

Secretary to the Board.

[FR Doc. 96–15720 Filed 6–17–96; 11:09 am]

BILLING CODE 7905–01–M

SECURITIES AND EXCHANGE

COMMISSION

Proposed Collection; Comment

Request

Upon Written Request, Copies Available

From: Securities and Exchange

Commission, Office of Filings and

Information Services, Washington, DC

20549

Extension:

Rule 15c2–5

SEC File No. 270–195

OMB Control No. 3235–0198

Notice is hereby given that pursuant

to the Paperwork Reduction Act of 1995

(44 U.S.C. 3501 et seq.), the Securities

and Exchange Commission

(‘‘Commission’’) is publishing the

following summary of collection for

public comment.

Rule 15c2–5 prohibits a broker-dealer

from arranging a loan for a customer to

whom a security is sold unless, before

the transaction is entered into, the

broker-dealer first: (1) delivers to the

customer a written statement setting

forth certain information about the

specific arrangement being offered to

him; (2) obtains from the customer

sufficient information concerning his or

her financial situation and needs so as

to determine that the entire transaction

is suitable for the customer; and (3)

retains in his or her files a written

statement setting forth the basis upon

which the broker-dealer made such

determination. The information

required by the rule is necessary for the

execution of the Commission’s mandate

under the Securities Exchange Act of

1934 (‘‘Exchange Act’’) to prevent

fraudulent, manipulative, and deceptive

acts and practices by broker-dealers.

There are approximately 50 respondents

that require an aggregate total of 600

hours to comply with the rule. Each of

these approximately 50 registered

broker-dealers makes an estimated 6

annual responses, for an aggregate total

of 300 responses per year. Each

response takes approximately 2 hours to

complete. Thus, the total compliance

burden per year is 600 burden hours.

The approximate cost per hour is $20,

resulting in a total cost of compliance

for the respondents of $12,000 (600

hours @ $20).

Written comments are invited on: (a)

whether the proposed collection of
Federal Register / Vol. 61, No. 119 / Wednesday, June 19, 1996 / Notices 31193

information is necessary for the proper

performance of the functions of the

agency, including whether the

information shall have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the proposed collection

of information; (c) ways to enhance the

quality, utility, and clarity of the

information to be collected; and (d)

ways to minimize the burden of the

collection of information on

respondents, including through the use

of automated collection techniques or

other forms of information technology.

Consideration will be given to

comments and suggestions submitted in

writing within 60 days of this

publication.

Direct your written comments to

Michael E. Bartell, Associate Executive

Director, Office of Information

Technology, Securities and Exchange

Commission, 450 5th Street, N.W.

Washington, DC 20549.

Dated: June 11, 1996.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–15450 Filed 6–18–96; 8:45 am]

BILLING CODE 8010–01–M

Submission for OMB Review;

Comment Request

Upon Written Request, Copies Available

From: Securities and Exchange

Commission, Office of Filings and

Information Services, Washington, DC

20549

Extension:

Rule 17a–11

SEC File No. 270–94

OMB Control No. 3235–0085

Notice is hereby given that pursuant

to the Paperwork Reduction Act of 1995

(44 U.S.C. 3501 et seq.), the Securities

and Exchange Commission

(‘‘Commission’’) has submitted to the

Office of Management and Budget

requests for approval of extension on

the following rule:

Rule 17a–11 requires broker-dealers to

give notice when certain specified

events occur. Specifically, the rule

requires broker-dealers to send notice

promptly (but within 24 hours) after the

broker-dealer’s aggregate indebtedness

is in excess of 1,200 percent of its net

capital, its net capital is less than 5

percent of aggregate debt items or its

total net capital is less than 120 percent

of the broker-dealer’s required

minimum net capital. In addition,

broker-dealers are required to give

notice if they fail to make and keep

current books and records required by

Rule 17a–3 or if they discover any

material inadequacy as defined in Rule

17a–5(g).

The notice required by the rule alerts

the Commission and self-regulatory

organizations (‘‘SROs’’), which have

oversight responsibility over brokerdealers, to those firms having financial

or operational problems.

Because broker-dealers are required to

file pursuant to Rule 17a–11 only when

certain specified events occur, it is

difficult to develop a meaningful figure

for the cost of compliance with Rule

17a–11. It is anticipated that

approximately 650 broker-dealers will

spend 1 hour per year complying with

Rule 17a–11. The total cost is estimated

to be approximately 650 hours. With

respect to those broker-dealers that must

give notice under Rule 17a–11, the cost

is approximately $10 per response for a

total annual expense for all brokerdealers of $6,500.

General comments regarding the

estimated burden hours should be

directed to the Desk Officer for the

Securities and Exchange Commission at

the address below. Any comments

concerning the accuracy of the

estimated average burden hours for

compliance with Commission rules and

forms should be directed to Michael E.

Bartell, Associate Executive Director,

Office of Information Technology,

Securities and Exchange Commission,

450 Fifth Street, N.W., Washington, D.C.

20549 and Desk Officer for the

Securities and Exchange Commission,

Office of Information and Regulatory

Affairs, Office of Management and

Budget, Room 3208, New Executive

Office Building, Washington, D.C.

20503.

Dated: June 11, 1996.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–15574 Filed 6–18–96; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–22014; No. 812–9968]

Fortis Benefits Insurance Company, et

al.; Notice of Application for an Order

Pursuant to the Investment Company

Act of 1940

June 13, 1996.

AGENCY: Securities and Exchange

Commission (‘‘Commission’’).

ACTION: Notice of application for an

order pursuant to the Investment

Company Act of 1940 (the ‘‘1940 Act’’).

APPLICANTS: Fortis Benefits Insurance

Company (‘‘Fortis Benefits’’), Variable

Account C of Fortis Benefits Insurance

Company (‘‘Fortis Benefits Account’’)

and Fortis Investors, Inc. (‘‘Investors’’).

RELEVANT 1940 ACT SECTIONS: Order

requested pursuant to Section 6(c) of the

1940 Act granting exemptions from the

provisions of Sections 2(a)(32), 22(c),

27(a)(3), 27(c)(1) and 27(d) thereof, and

Rules 22c–1, 6e–3(T)(b)(12), 6e–

3(T)(b)(13) and 6e–3(T)(d)(1)(ii)

thereunder.

SUMMARY OF APPLICATION: Applicants

seek exemptive relief to the extent

necessary to permit them to issue

flexible premium surviorship variable

life insurance policies (‘‘Policies’’) that

enable Fortis Benefits to: (1) credit the

Policy owner’s account with ‘‘premium

based bonuses’’ and ‘‘Policy value

bonuses’’; (2) include in the surrender

charge of the Policies any premium tax

charge not previously recovered; and (3)

deduct sales charges in a manner that

may result in such deductions taken in

one period being considered to be

higher than those taken in a prior

period.

FILING DATE: The application was filed

on January 30, 1996, and amended on

June 11, 1996.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the Commission orders a

hearing. Interested persons may request

a hearing by writing to the Secretary of

the Commission and serving Applicants

with a copy of the request, personally or

by mail. Hearing requests must be

received by the Commission by 5:30

p.m. on July 8, 1996, and must be

accompanied by proof of service on

Applicants in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the writer’s interest, the reason for the

request, and the issues contested.

Persons may request notification of a

hearing by writing to the Secretary of

the Commission.

ADDRESSES: Secretary, Securities and

Exchange Commission, 450 5th Street,

N.W., Washington, D.C. 20549.

Applicants, c/o Douglas R. Lowe, Esq.,

Fortis Benefits Insurance Company, 500

Bielenberg Drive, Woodbury, Minnesota

55125.

FOR FURTHER INFORMATION CONTACT:

Kevin M. Kirchoff, Senior Counsel, or

Patrice M. Pitts, Special Counsel, Office

of Insurance Products (Division of

Investment Management), at (202) 942–

0670.

SUPPLEMENTARY INFORMATION: Following

is a summary of the application; the

complete application is available for a

fee from the Public Reference Branch of

the Commission.

Applicants’ Representations

1. Fortis Benefits, a Minnesota

corporation, is qualified to sell life

insurance in the District of Columbia

and in all states except New York. It is