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Federal Register / Vol. 65, No.

106 / Thursday, June 1, 2000 / Notices 35129

II. Proposed Actions published a notice of proposed manager or syndicate member. The
OSHA proposes to decrease its earlier exemption from the prohibited exemptions affect participants and
estimate of 40,086 burden hours to transaction restrictions of the Employee beneficiaries of the plans investing in
11,178 burden hours for the collections Retirement Income Security Act of 1974 such securities.
of information found in 29 CFR and from certain taxes imposed by the EFFECTIVE DATE: The exemptions are
1910.269 (Electrical Power Generation, Internal Revenue Code of 1986. The effective as of February 8, 2000.
Transmission, and Distribution), and 29 notice of proposed exemption FOR FURTHER INFORMATION CONTACT: Ms.
CFR 1910.137 (Electrical Protective concerned the prospective cash sale of Andrea W. Selvaggio or Ms. Karin Weng
Equipment). OSHA will summarize the a certain parcel of real property by the of the Department, telephone (202) 219–
comments submitted in response to this Plan to the trust of Emilie Keil, a party 8881. (This is not a toll-free number.)
notice, and will include this summary in interest with respect to the Plan.
SUPPLEMENTARY INFORMATION: On
in the request to OMB to extend the On April 7, 2000, the applicant
informed the Department that it wished February 8, 2000, the Department
approval of the information collection published a notice of pendency in the
requirements contained in the above to withdraw the notice of proposed
exemption. Federal Register (65 FR 6229) of the
standards. proposed exemptions from the
Accordingly, the notice of proposed
Type of Review: Extension of restrictions of section 406 of the Act and
exemption is hereby withdrawn.
currently approved information the sanctions resulting from the
collection requirement. Signed at Washington, DC, this 25th day of application of section 4975 of the Code,
Agency: Occupational Safety and May, 2000.
by reason of section 4975(c)(1) of the
Health Administration. Ivan L. Strasfeld, Code. The exemptions were requested
Title: Electrical Power Generation, Director of Exemption Determinations, in separate applications filed pursuant
Transmission, and Distribution (29 CFR Pension and Welfare Benefits Administration, to section 408(a) of the Act and section
1910.269) and Electrical Protective Department of Labor.
4975(c)(2) of the Code, and in
Equipment (29 CFR 1910.137). [FR Doc. 00–13642 Filed 5–31–00; 8:45 am] accordance with the procedures set
OMB Number: 1218–0190. BILLING CODE 4510–29–P forth in 29 CFR Part 2570, Subpart B (55
Affected Public: Business or other for- FR 32836, August 10, 1990), by the
profit; not-for-profit institutions; Federal following entities: Morgan Guaranty
government; state, local or tribal DEPARTMENT OF LABOR Trust Company of New York and J.P.
government. Morgan Investment Management Inc.
Number of Respondents: 362,000. Pension and Welfare Benefits
Administration (together, J.P. Morgan) Goldman, Sachs
Frequency: On occasion; annually; & Co. (Goldman), The Chase Manhattan
semi-annually. [Prohibited Transaction Exemptions 2000– Bank (Chase), Citigroup Inc. (Citigroup),
Average Time per Response: 2 25, et al.; Application Nos. D–10119 and and Morgan Stanley Dean Witter & Co.
minutes (0.03 hour) to 15 minutes (0.25 D–10120, et al.] (Morgan Stanley).
hour). Effective December 31, 1978, section
Estimated Total Burden Hours: Morgan Guaranty Trust Company of
102 of Reorganization Plan No. 4 of
11,178. New York, et al.
1978, 5 U.S.C. App. 1 (1996), generally
III. Authority and Signature AGENCY: Pension and Welfare Benefits transferred the authority of the Secretary
Administration, Department of Labor. of the Treasury to issue exemptions of
Charles N. Jeffress, Assistant Secretary the type requested to the Secretary of
ACTION: Grant of Individual
of Labor for Occupational Safety and Labor. Accordingly, these exemptions
Exemptions.1
Health, directed the preparation of this are being issued solely by the
notice. The authority for this notice is SUMMARY: This document contains Department. 2 For convenience, each
the Paperwork Reduction Act of 1995 individual exemptions issued by the applicant and its affiliates shall be
(44 U.S.C. 3506), Secretary of Labor’s Department of Labor (the Department) referred to in the exemption in generic
Order No. 6–96 (62 FR 111). from the prohibited transaction terms that denote certain roles, namely,
Signed at Washington, DC, this 26 day of restrictions of the Employee Retirement ‘‘the Applicant,’’ ‘‘the Asset Manager,’’ 3
May 2000. Income Security Act of 1974 (the Act) or ‘‘the Affiliated Broker-Dealer.’’ 4
Charles N. Jeffress, and from the taxes imposed by the The notice of pendency invited all
Assistant Secretary of Labor. Internal Revenue Code of 1986 (the interested persons to submit written
[FR Doc. 00–13747 Filed 5–31–00; 8:45 am] Code). The exemptions permit comments or request a public hearing
purchases of securities by the concerning the proposed exemptions by
BILLING CODE 4510–26–M
applicants’ asset management affiliate, March 24, 2000. The Department
on behalf of employee benefit plans for received six written comments and no
DEPARTMENT OF LABOR which such asset management affiliate requests for a hearing in response to the
is a fiduciary, from underwriting or notice. Each of the five Applicants
Pension and Welfare Benefits selling syndicates where the applicants’
Administration broker-dealer affiliate participates as a 2 All references to specific provisions of Title I of

the Act herein shall refer also to the corresponding


[Exemption Application No. D–10654] 1 The term ‘‘Individual Exemptions’’ refers to the provisions of the Code (if any).
3 To the extent that the Applicant has more than
following Prohibited Transaction Exemptions
Withdrawal of Notice of Proposed (PTEs): PTE 2000–25 (Application Nos. D–10119 one asset management affiliate, all references to the
Exemption Involving Fish Lake Beach, and D–10120, Morgan Guaranty Trust Company of Asset Manager herein shall refer also to the other
Inc. Profit Sharing Plan (the Plan); New York and J.P. Morgan Investment Management asset management entity or entities.
Inc.); PTE 2000–26 (Application No. D–10587, 4 To the extent that the Applicant has more than
Located in Round Lake, Illinois Goldman, Sachs & Co.); PTE 2000–27 (Application one registered broker-dealer affiliate that
No. D–10779, The Chase Manhattan Bank); PTE participates in underwriting or selling syndicates,
In the Federal Register dated 2000–28 (Application No. D–10820, Citigroup Inc); all references to the Affiliated Broker-Dealer herein
February 29, 2000 (65 FR 10826), the and PTE 2000–29 (Application No. D–10832, shall refer also to the other broker-dealer entity or
Department of Labor (the Department) Morgan Stanley Dean Witter & Co.). entities.

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