Federal Register / Vol. 61, No. 113 / Tuesday, June 11, 1996 / Notices 29579

NRC–3

SYSTEM NAME:

Enforcement Actions Against

Individuals—NRC.

SYSTEM LOCATION:

Primary system—Office of

Enforcement, NRC, 11555 Rockville

Pike, Rockville, Maryland.

Duplicate systems—Duplicate systems

may exist, in whole or in part, at the

NRC Regional Offices at the locations

listed in Addendum I, Part 2, and in the

Office of the General Counsel, NRC,

11555 Rockville Pike, Rockville,

Maryland.

CATEGORIES OF INDIVIDUALS COVERED BY THE

SYSTEM:

Individuals involved in NRC-licensed

activities who have been subject to NRC

Enforcement Actions or who have been

the subject of correspondence indicating

that they are being, or have been,

considered for enforcement action.

CATEGORIES OF RECORDS IN THE SYSTEM:

The system includes, but is not

limited to, individual enforcement

actions, including Orders, Notices of

Violations with and without Civil

Penalties, Orders Imposing Civil

Penalties, Letters of Reprimand,

Demands for Information, and letters to

individuals who are being considered

for enforcement action or have been

considered. Also included are responses

to these actions and letters. In addition,

the files may contain other relevant

documents directly related to those

actions and letters that have been

issued. Files are arranged numerically

by Individual Action (IA) number,

which is assigned as individual

enforcement actions are issued. In

instances where only letters are issued,

these letters also receive IA numbers.

The system includes a computerized

database from which information is

retrieved by names of the individuals

subject to the action and IA numbers.

AUTHORITY FOR MAINTENANCE OF THE SYSTEM:

42 U.S.C. 2114, 2167, 2201(c), and

2282 (1988).

ROUTINE USES OF RECORDS MAINTAINED IN THE

SYSTEM, INCLUDING CATEGORIES OF USERS AND

THE PURPOSES OF SUCH USES:

In addition to the disclosures

permitted under subsection (b) of the

Privacy Act, the NRC may disclose

information contained in this system of

records without the consent of the

subject individual if the disclosure is

compatible with the purpose for which

the record was collected under the

following routine uses:

a. To respond to general information

requests from the Congress;

b. To deter future violations, certain

information in this system of records

may be routinely disseminated to the

public by such means as (1) publishing

in the Federal Register certain

enforcement actions issued to an

individual; (2) placing in the NRC

Public Document Room (PDR) and most

local public document rooms (LPDRs);

(3) publishing in the NRC Homepage;

and (4) listing all individuals currently

subject to an order that affects their

participation in licensed activities in

NUREG–0940, Part I, ‘‘Enforcement

Actions: Significant Actions Resolved,

Individual Actions,’’ published

semiannually. In addition to being

available in the PDR and most LPDRs,

copies of NUREG–0940, Part I, are sent

to all power reactor licensees and major

materials licensees and are made

available to other licensees and the

general public on request;

c. When considered appropriate for

disciplinary purposes, information in

this system of records, such as

enforcement actions and hearing

proceedings, may be disclosed to a bar

association, or other professional

organization performing similar

functions, including certification of

individuals licensed by NRC or

Agreement States to perform specified

licensing activity;

d. Where appropriate to ensure the

public health and safety, information in

this system of records, such as

enforcement actions and hearing

proceedings, may be disclosed to a

Federal or State agency with licensing

jurisdiction; and

e. To the National Archives and

Records Administration or to the

General Services Administration for

records management inspections

conducted under 44 U.S.C. 2904 and

2906.

f. For the routine uses specified in

paragraphs 1, 2, 3, 4, and 5 of the

Prefatory Statement of General Routine

Uses.

POLICIES AND PRACTICES FOR STORING,

RETRIEVING, ACCESSING, RETAINING, AND

DISPOSING OF RECORDS IN THE SYSTEM:

STORAGE:

Records are maintained on paper in

file folders, on computer printouts, and

on computer media.

RETRIEVABILITY:

Records are accessed by individual

action file number or by the name of the

individual.

SAFEGUARDS:

Records are maintained in lockable

file cabinets or computer databases.

Access to and use of these records is

limited to those NRC employees whose

official duties require access. Access to

automated records requires use of

proper password and user identification

codes. Paper files are under visual

control during duty hours.

RETENTION AND DISPOSAL:

Enforcement Action Case Files and

related indexes are currently

unscheduled and must be retained until

a records disposition schedule for this

material is approved by the National

Archives and Records Administration.

SYSTEM MANAGER(S) AND ADDRESS:

Director, Office of Enforcement, U.S.

Nuclear Regulatory Commission,

Washington, DC 20555–0001.

NOTIFICATION PROCEDURE:

Director, Division of Freedom of

Information and Publications Services,

Office of Administration, U.S. Nuclear

Regulatory Commission, Washington,

DC 20555–0001.

RECORD ACCESS PROCEDURES:

Same as ‘‘Notification Procedure.’’

CONTESTING RECORD PROCEDURES:

Same as ‘‘Notification Procedure.’’

RECORD SOURCE CATEGORIES:

Information in the records is

primarily obtained from NRC inspectors

and investigators and other NRC

employees, individuals to whom a

record pertains, authorized

representatives for these individuals,

and NRC licensees, vendors, other

individuals regulated by the NRC, and

persons making allegations to the NRC.

Dated at Rockville, MD, this 31st day of

May, 1996.

For the Nuclear Regulatory Commission.

James M. Taylor,

Executive Director for Operations.

[FR Doc. 96–14702 Filed 6–10–96; 8:45 am]

BILLING CODE 7590–01–P

OFFICE OF MANAGEMENT AND

BUDGET

Accounting for Property, Plant, and

Equipment

AGENCY: Office of Management and

Budget.

ACTION: Notice of document availability.

SUMMARY: This Notice indicates the

availability of the sixth Statement of

Federal Financial Accounting

Standards, ‘‘Accounting for Property,

Plant, and Equipment,’’ adopted by the

Office of Management and Budget

(OMB). The statement was

recommended by the Federal
29580 Federal Register / Vol. 61, No. 113 / Tuesday, June 11, 1996 / Notices

1An SEC exemptive order permits Funds advised

by Norwest to invest their cash balances in shares

of certain affiliated money market series. See

Norwest Funds, Investment Company Act Release

Nos. 20940 (Mar. 6, 1995) (notice) and 20983 (Apr.

3, 1995) (order).

Accounting Standards Advisory Board

and adopted in its entirety by OMB.

ADDRESSES: Copies of the Statement of

Federal Financial Accounting Standards

No. 6, ‘‘Accounting for Property, Plant,

and Equipment,’’ may be obtained for

$6.50 each from the Superintendent of

Documents, Government Printing

Office, Washington, DC 20402–9325

(telephone 202–783–3238), Stock No.

041–001–00462–9.

FOR FURTHER INFORMATION CONTACT:

Ronald Longo (telephone: 202–395–

3993), Office of Federal Financial

Management, Office of Management and

Budget, 725–17th Street, N.W.—Room

6025, Washington, DC 20503.

SUPPLEMENTARY INFORMATION: This

Notice indicates the availability of the

sixth Statement of Federal Financial

Accounting Standards, ‘‘Accounting for

Property, Plant, and Equipment.’’ The

standard was recommended by the

Federal Accounting Standards Advisory

Board (FASAB) in September 1995, and

adopted in its entirety by the Office of

Management and Budget (OMB).

Under a Memorandum of

Understanding among the General

Accounting Office, the Department of

the Treasury, and OMB on Federal

Government Accounting Standards, the

Comptroller General, the Secretary of

the Treasury, and the Director of OMB

decide upon principles and standards

after considering the recommendations

of FASAB. After agreement to specific

principles and standards, they are to be

published in the Federal Register and

distributed throughout the Federal

Government.

G. Edward DeSeve,

Controller.

[FR Doc. 96–14689 Filed 6–10–96; 8:45 am]

BILLING CODE 3110–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Rel. No. IC–22004; 812–10014]

Norwest Funds, et al.; Notice of

Application

June 4, 1996.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

exemption Under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANTS: Norwest Advantage Funds,

Norwest Select Funds, Core Trusts

(collectively, the ‘‘Trusts’’) and Norwest

Bank Minnesota, N.A. (‘‘Norwest’’).

RELEVANT ACT SECTION: Order requested

under rule 17d–1 to permit certain

transactions in accordance with section

17(d) of the Act and rule 17d–1

thereunder.

SUMMARY OF APPLICATION: Applicants

request an order to permit the series of

certain investment companies and

certain private accounts to deposit daily

cash balances in one or more joint

accounts to be used to enter into shortterm investments.

FILING DATES: The application was filed

on February 26, 1996 and amended on

May 16, 1996.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving applicants with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on July

1, 1996, and should 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 who wish

to be notified of a hearing may request

notification by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 5th

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

Applicants, Forum Financial Services,

Inc., Two Portland Square, Portland,

Maine 04101; Norwest Bank Minnesota,

N.A., Norwest Center, Sixth and

Marquette, Minneapolis, Minnesota

55479–1026.

FOR FURTHER INFORMATION CONTACT:

Suzanne Krudys, Senior Counsel, at

(202) 942–0641, or Alison E. Baur,

Branch Chief, (202) 942–0564 (Office of

Investment Company Regulation,

Division of Investment Management).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee at the SEC’s

Public Reference Branch.

Applicants’ Representations

1. The Trusts, organized as Delaware

business trusts, are registered open-end

management investment companies

comprised of multiple series (the

‘‘Series’’). Existing and future series of

the Trusts and other registered

investment companies or Series thereof

that are advised by Norwest are

collectively referred to as the ‘‘Funds’’

and individually as a ‘‘Fund.’’ Norwest,

a national bank, serves as investment

adviser to each Fund. Norwest also

serves as transfer agent, custodian,

shareholder servicing and dividend

paying agent of each Trust. The term

‘‘Norwest’’ shall include, in addition to

the company itself, any other entity

controlling, controlled by or under

common control with Norwest that acts

in the future as investment adviser for

the Trusts or other investment

companies.

2. Applicants request relief on behalf

of themselves and also any present or

future Series and Funds that are advised

by Norwest, or any entity controlling,

controlled by, or under common control

with Norwest and any individual

corporate, charitable, endowment,

common and collective trust fund,

public entity, individual and retirement

accounts for which Norwest serves as

investment adviser (the ‘‘Private

Accounts’’). All Funds that currently

intend to rely on the requested order are

named as applicants.

3. All of the Funds are authorized to

invest at least a portion of their

uninvested cash balances in short-term

liquid assets. Private Accounts are

invested by Norwest in accordance with

each Private Accounts’ investment

objectives, policies and restrictions.

Assets of the Funds and Private

Accounts are held by Norwest as

custodian (the ‘‘Custodian’’).

4. The Funds and Private Accounts

have uninvested cash balances in their

accounts at the Custodian that are not

otherwise invested in portfolio

securities. Generally, such cash balances

are invested in short-term liquid assets,

such as commercial paper or U.S.

Treasury bills. Cash balances may also

be invested in shares of the money

market series of the Trusts.1

5. Applicants propose to deposit daily

cash balances of the Funds and Private

Accounts into one or more joint

accounts (the ‘‘Joint Accounts’’)

established at the Custodian and to

invest the daily balance of the Joint

Account in: (a) Repurchase agreements

‘‘collateralized fully’’ (as defined in rule

2a–7 under the Act); (b) interest-bearing

or discounted commercial paper,

including dollar denominated

commercial paper of foreign issuers; and

(c) any other short-term money market

instruments, including variable rate

demand notes and other tax exempt

money market instruments, that

constitute ‘‘Eligible Securities’’ (as

defined in rule 2a–7 under the Act)

(collectively, ‘‘Short-Term

Investments’’). The Funds and Private

Accounts that are eligible to participate

in a Joint Account and that elect to