31394 Federal Register / Vol. 61, No. 120 / Thursday, June 20, 1996 / Rules and Regulations

List of Subjects in 12 CFR Part 615

Accounting, Agriculture, Banks,

banking, Government securities,

Investments, Rural areas.

For the reasons stated in the

preamble, part 615 of chapter VI, title 12

of the Code of Federal Regulations is

amended to read as follows:

PART 615—FUNDING AND FISCAL

AFFAIRS, LOAN POLICIES AND

OPERATIONS, AND FUNDING

OPERATIONS

1. The authority citation for part 615

is revised to read as follows:

Authority: Secs. 1.5, 1.7, 1.10, 1.11, 1.12,

2.2, 2.3, 2.4, 2.5, 2.12, 3.1, 3.7, 3.11, 3.25, 4.3,

4.3A, 4.9, 4.14B, 4.25, 5.9, 5.17, 6.20, 6.26,

8.0, 8.4, 8.6, 8.7, 8.8, 8.10, 8.12 of the Farm

Credit Act (12 U.S.C. 2013, 2015, 2018, 2019,

2020, 2073, 2074, 2075, 2076, 2093, 2122,

2128, 2132, 2146, 2154, 2154a, 2160, 2202b,

2211, 2243, 2252, 2278b, 2278b-6, 2279aa,

2279aa-3, 2279aa-4, 2279aa-6, 2279aa-7,

2279aa-8, 2279aa-10, 2279aa-12); sec. 301(a)

of Pub. L. 100–233, 101 Stat. 1568, 1608; sec.

105 of Pub. L. 104–105, 110 Stat. 162, 163–

64.

2. Subpart S is added to read as

follows:

Subpart S—Federal Agricultural Mortgage

Corporation Securities

Sec.

615.5570 Book-entry procedures for Federal

Agricultural Mortgage Corporation

securities.

Subpart S—Federal Agricultural

Mortgage Corporation Securities

§ 615.5570 Book-entry procedures for

Federal Agricultural Mortgage Corporation

Securities.

(a) The Federal Agricultural Mortgage

Corporation (Farmer Mac) is a Federally

chartered instrumentality of the United

States and an institution of the Farm

Credit System, subject to the

examination and regulation of the Farm

Credit Administration.

(b) Farmer Mac, either in its own

name or through an affiliate controlled

or owned by Farmer Mac, is authorized

by section 8.6 of the Act:

(1) To issue and/or guarantee the

timely payment of principal and interest

on securities representing interests in or

obligations backed by pools of

agricultural real estate loans (guaranteed

securities); and

(2) to issue debt obligations (which,

together with the guaranteed securities

described in paragraph (b)(1) of this

section, are referred to as Farmer Mac

securities). Farmer Mac may prescribe

the forms, the denominations, the rates

of interest, the conditions, the manner

of issuance, and the prices of Farmer

Mac securities.

(c) Farmer Mac securities shall be

governed by §§ 615.5460, 615.5465,

615.5470, 615.5475, 615.5480, 615.5485,

615.5490, 615.5492, and 615.5494. In

interpreting those sections for purposes

of this section, the term ‘‘Farmer Mac

securities’’ shall be read for ‘‘Farm

Credit securities,’’ and ‘‘Farmer Mac’’

shall be read for ‘‘banks of the Farm

Credit System’’ and ‘‘Farm Credit bank.’’

Dated: June 14, 1996.

Floyd Fithian,

Secretary, Farm Credit Administration.

[FR Doc. 96–15733 Filed 6–19–96; 8:45 am]

BILLING CODE 6705–01–P

DEPARTMENT OF ENERGY

Federal Energy Regulatory

Commission

18 CFR Parts 35 and 385

[Docket Nos. RM95–8–002 and RM94–7–

003]

Promoting Wholesale Competition

Through Open Access Nondiscriminatory Transmission Services

by Public Utilities; Recovery of

Stranded Costs by Public Utilities and

Transmitting Utilities

Issued: June 14, 1996.

AGENCY: Federal; Energy Regulatory

Commission.

ACTION: Final rule; notice of filing of

motion for extension of time.

SUMMARY: On June 12, 1996, the

American Public Power Association, the

Electricity Consumers Resource

Council, the National Rural Electric

Cooperative Association and the Ohio

Consumers’ Counsel (Joint Movants)

filed a joint request to extend the

comment period for compliance filings

made under this final rule (Order No.

888, 61 FR 21540, May 10, 1996) from

the 15-day comment period established

in the final rule to a 45-day comment

period. Joint Movants also asked that

the Commission require that the

compliance tariff filings, as well as

redline versions of those filings, be

made in electronic format and posted on

the FERC Bulletin Board. Copies of the

motion are on file with the Commission

and are available for public inspection.

DATES: Any person desiring to respond

to the motion should file an answer on

or before June 21, 1996.

ADDRESSES: Send answers to: Office of

the Secretary, Federal Energy Regulatory

Commission, 888 First St., NE.,

Washington, DC 20426.

FOR FURTHER INFORMATION CONTACT:

David D. Withnell, Federal Energy

Regulatory Commission, Office of the

General Counsel, 888 First St., NE.,

Washington, DC 20426, Telephone:

(202) 208–2063.

Lois D. Cashell,

Secretary.

[FR Doc. 96–15760 Filed 6–19–96; 8:45 am]

BILLING CODE 6717–01–M

DEPARTMENT OF THE TREASURY

Customs Service

19 CFR PART 10

[T.D. 96–51]

Replacement of CF 7506 by CF 7501

AGENCY: U.S. Customs Service,

Department of the Treasury.

ACTION: Final rule.

SUMMARY: This document amends the

Customs Regulations to replace a

reference to Customs Form (CF) 7506 in

§ 10.62(c)(2), Customs Regulations, with

a reference to CF 7501. This change was

inadvertently omitted from a final rule

document published in the Federal

Register on October 6, 1995 (60 FR

52294) which replaced all other

references to CF 7506 in the Customs

Regulations with references to CF 7501.

EFFECTIVE DATE: June 20, 1996.

FOR FURTHER INFORMATION CONTACT:

Raymond Janiszewski, Office of Trade

Compliance, (202)927–0380.

SUPPLEMENTARY INFORMATION:

Background

Previously, CF 7506, Warehouse

Withdrawal Conditionally Free of Duty

and Permit, was the form used to make

warehouse withdrawals for merchandise

conditionally free of duty. The CF 7506

has now been eliminated, and the CF

7501 is to be used instead.

In a final rule document published in

the Federal Register (60 FR 52294) on

October 6, 1995, references to CF 7506

were deleted and replaced by reference

to CF 7501. Inadvertently, the reference

to CF 7506 in § 10.62(c)(2), Customs

Regulations (19 CFR 10.62 (c)(2)), was

not deleted in that document and

replaced with a reference to CF 7501.

This document corrects that omission.

Regulatory Flexibility Act, Executive

Order 12866, Inapplicability of Public

Notice and Comment Requirements,

and Delayed Effective Date

Requirements

Inasmuch as this amendment merely

substitutes one Customs Form for

another, pursuant to 5 U.S.C. 553 (a)(2)

and (b)(B), good cause exists for
Federal Register / Vol. 61, No. 120 / Thursday, June 20, 1996 / Rules and Regulations 31395

dispensing with notice and public

procedure thereon as unnecessary. For

the same reason, good cause exists for

dispensing with the requirement for a

delayed effective date, under 5 U.S.C.

553 (a)(2) and (d)(3). Also, for the same

reason, it is certified that the

amendments will not have a significant

economic impact on a substantial

number of small entities. Accordingly,

the amendments are not subject to the

regulatory analysis or other

requirements of 5 U.S.C. 603 or 604.

This document does not meet the

criteria for a ‘‘significant regulatory

action’’ as specified in Executive Order

12866.

Drafting Information

The principal author of this document

was Janet L. Johnson, Regulations

Branch. However, personnel from other

offices participated in its development.

List of Subjects in 19 CFR Part 10

Caribbean Basin initiative, Customs

duties and inspection, Exports,

Reporting and recordkeeping

requirements.

Amendment to the Regulations

For the reasons set forth in the

preamble, Part 10 of the Customs

Regulations (19 CFR Part 10) is

amended as set forth below.

PART 10—ARTICLES CONDITIONALLY

FREE, SUBJECT TO A REDUCED

RATE, ETC.

1. The general authority citation for

Part 10 continues to read as follows:

Authority: 19 U.S.C. 66, 1202 (General

Note 20, Harmonized Tariff Schedule of the

United States), 1321, 1481, 1498, 1508, 1623,

3314;

* * * * *

§ 10.62 [Amended]

2. Section 10.62(c)(2) is amended by

removing the reference ‘‘Customs Form

7506’’ and by adding ‘‘Customs Form

7501’’ in its place.

George J. Weise,

Commissioner of Customs.

Approved: May 30, 1996.

John P. Simpson,

Deputy Assistant Secretary of the Treasury.

[FR Doc. 96–15750 Filed 6–19–96; 8:45 am]

BILLING CODE 4820–02–P

RAILROAD RETIREMENT BOARD

20 CFR Part 209

RIN 3220–AB16

Railroad Employers’ Reports and

Responsibilities

AGENCY: Railroad Retirement Board.

ACTION: Final rule.

SUMMARY: The Railroad Retirement

Board (Board) hereby amends its

regulations to add sections to permit

employers to dispose of payroll records

after five years, and for the utilization of

payroll records to credit service under

the Railroad Retirement Act in the case

of employers that have ceased

operations. These amendments will

alleviate needless record retention and

ease reporting requirements for

employers that have permanently

ceased operations.

EFFECTIVE DATE: June 20, 1996.

ADDRESSES: Secretary to the Board,

Railroad Retirement Board, 844 Rush

Street, Chicago, Illinois 60611.

FOR FURTHER INFORMATION CONTACT:

Thomas W. Sadler, Assistant General

Counsel, Railroad Retirement Board,

844 Rush Street, Chicago, Illinois 60611,

(312) 751–4513, TDD (312) 751–4701.

SUPPLEMENTARY INFORMATION: Employer

reports are used to establish employee

compensation and service records.

These reports are based on payroll

records. The Board’s rules and

procedures regarding the authorization

of disposal of these records and the

utilization of payroll records of

employers who have abandoned service

in lieu of employer reports are presently

contained in Board Orders, which are

not readily available to the public.

Accordingly, the Board adopts

regulations specifying that railroad

employers may dispose of payroll

records more than five years old where

there is no dispute pending as to the

compensation reported for the periods

covered by those records. The Board

also to amends its regulations to provide

that the Board will accept payroll

records in lieu of prescribed reports if

there is no official of the employer

available to prepare and certify to the

accuracy of such reports and if the tax

liability involved has been discharged.

On February 15, 1996, the Board

published this rule as a proposed rule

(61 FR 5970) inviting comments on or

before April 15, 1996. No comments

were received. No changes have been

made to the proposed rule. The Board,

with the concurrence of the Office of

Management and Budget, has

determined that this is not a significant

regulatory action under Executive Order

12866; therefore, no regulatory impact

analysis is required. There are no

information collections associated with

this rule.

List of Subjects in 20 CFR Part 209

Railroad employees, Railroad

retirement, Railroads.

For the reasons set out in the

preamble, title 20, chapter II, part 209 of

the Code of Federal Regulations is

amended as follows:

PART 209—RAILROAD EMPLOYERS’

REPORTS AND RESPONSIBILITIES

1. The authority citation for part 209

continues to read as follows:

Authority: 45 U.S.C. 231f.

2. Part 209 is amended by adding

§§ 209.16 and 209.17 to read as follows:

§ 209.16 Disposal of payroll records.

Employers may dispose of payroll

records for periods subsequent to 1936,

provided that the payroll records are

more than five years old and that there

is no dispute pending pertaining to the

compensation reported for the period of

those records.

§ 209.17 Use of payroll records as returns

of compensation.

Payroll records of employers which

have permanently ceased operations

may be accepted in lieu of prescribed

reports provided that there is no official

of the employer available to prepare and

certify to the accuracy of such reports

and, provided further that any employer

and employee tax liability incurred

under the Railroad Retirement Tax Act

has been discharged.

Dated: June 11, 1996.

By Authority of the Board.

For the Board.

Beatrice Ezerski,

Secretary to the Board.

[FR Doc. 96–15705 Filed 6–19–96; 8:45 am]

BILLING CODE 7905–01–P

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Food and Drug Administration

21 CFR Part 178

[Docket No. 92F–0339]

Indirect Food Additives: Adjuvants,

Production Aids, and Sanitizers

AGENCY: Food and Drug Administration,

HHS.

ACTION: Final rule.