Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension of Employee Retirement Income Security Act Prohibited Transaction Exemption 98-54 Relating to Certain Employee Benefit Plan Foreign Exchange Transactions Executed Pursuant to Standing Instructions, 20372-20373 [2011-8618]
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Federal Register / Vol. 76, No. 70 / Tuesday, April 12, 2011 / Notices
performance of its obligations under the
proposed Amendment to Consent
Decree, Westchester will establish a
trust for the benefit of EPA, and
maintain a trust balance that is equal to
its outstanding liability relating to the
Site.
The Department of Justice will receive
comments relating to the Consent
Decree for a period of thirty (30) days
from the date of this publication.
Comments should be addressed to the
Assistant Attorney General,
Environment and Natural Resources
Division, and either e-mailed to
pubcomment-ees.enrd@usdoj.gov or
mailed to P.O. Box 7611, U.S.
Department of Justice, Washington, DC
20044–7611, and should refer to United
States v. City of Waukegan, et. al., DJ #
90–11–3–07051.
The Consent Decree may be examined
at the Office of the United States
Attorney, Northern District of Illinois,
219 South Dearborn St., Chicago,
Illinois 60604, and at U.S. EPA Region
5, 77 W. Jackson Blvd., Chicago, IL
60604. During the public comment
period, the Consent Decree may also be
examined on the following Department
of Justice Web site, https://
www.usdoj.gov/enrd/Consent
_Decrees.html. A copy of the Consent
Decrees may also be obtained by mail
from the Consent Decree Library, U.S.
Department of Justice, P.O. Box 7611,
Washington, DC 20044–7611 or by
faxing or e-mailing a request to Tonia
Fleetwood (tonia.fleetwood@usdoj.gov),
fax number (202) 514–0097, phone
confirmation number (202) 514–1547. In
requesting a copy of the Consent Decree
from the Consent Decree Library, please
enclose a check in the amount of $8.50
(25 cents per page reproduction cost)
payable to the U.S. Treasury or, if by email or fax, forward a check in that
amount to the Consent Decree Library at
the stated address.
Maureen M. Katz,
Assistant Chief, Environmental Enforcement
Section, Environment and Natural Resources
Division, United States Department of Justice.
[FR Doc. 2011–8709 Filed 4–11–11; 8:45 am]
BILLING CODE 4410–15–P
srobinson on DSKHWCL6B1PROD with NOTICES
DEPARTMENT OF JUSTICE
Notice of Lodging of Consent Decree
and Settlement Agreement Regarding
Natural Resource Damage Claims
Between the Debtors, the United States
of America, the State of Indiana, the
State of New York, and the St. Regis
Mohawk Tribe
Notice is hereby given that on March
31, 2011, a proposed Consent Decree
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18:00 Apr 11, 2011
Jkt 223001
and Settlement Agreement (the ‘‘NRD
Settlement Agreement’’) in the
bankruptcy matter, Motors Liquidation
Corp, et al., f/k/a General Motors Corp.,
et al., Jointly Administered Case No.
09–50026 (REG), was lodged with the
United States Bankruptcy Court for the
Southern District of New York. The
Parties to the NRD Settlement
Agreement are debtors Motors
Liquidation Corporation, formerly
known as General Motors Corporation,
Remediation and Liability Management
Company, Inc., and Environmental
Corporate Remediation Company, Inc.
(collectively, ‘‘Old GM’’); the United
States of America; the State of Indiana;
the State of New York; and the St. Regis
Mohawk Tribe. The NRD Settlement
Agreement resolves claims for natural
resource damages and assessment costs
of the United States Department of the
Interior (‘‘DOI’’) and National Oceanic
and Atmospheric Administration
(‘‘NOAA’’), the State of Indiana, the State
of New York, and the St. Regis Mohawk
Tribe against Old GM under section 107
of the Comprehensive Environmental
Response, Compensation, and Liability
Act (‘‘CERCLA’’), 42 U.S.C. 9601–9675,
with respect to the following sites:
1. The Kin-Buc Landfill Superfund
Site in New Jersey;
2. The National Lead Industries
Superfund Site in New Jersey;
3. The Diamond Alkali Superfund
Site in New Jersey;
4. The General Motors Bedford Site in
Indiana; and
5. The Central Foundry Division
a/k/a Massena Superfund Site in New
York.
Under the NRD Settlement
Agreement, the claimants will have
allowed general unsecured claims in the
combined total amount of $11,571,413,
in specified sub-amounts as to each site.
The Department of Justice will
receive, for a period of thirty days from
the date of this publication, comments
relating to the NRD Settlement
Agreement. Comments should be
addressed to the Assistant Attorney
General, Environment and Natural
Resources Division, and either e-mailed
to pubcomment-ees.enrd@usdoj.gov or
mailed to P.O. Box 7611, U.S.
Department of Justice, Washington, DC
20044–7611, and should refer to In re
Motors Liquidation Corp., et al., D.J. Ref.
90–11–3–09754.
The NRD Settlement Agreement may
be examined at the following locations:
Office of the United States Attorney, 86
Chambers Street, 3rd Floor, New York,
New York 10007; Environmental
Contaminants/Federal Activities, U.S.
Fish and Wildlife Service, 3817 Luker
Road, Cortland, New York 13045; U.S.
PO 00000
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Fmt 4703
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Fish and Wildlife Service, 620 S. Walker
St., Bloomington, Indiana 47403; and
National Oceanic and Atmospheric
Administration, 290 Broadway, Suite
1831, New York, NY 10007. During the
public comment period, the NRD
Settlement Agreement may also be
examined on the following Department
of Justice Web site, https://
www.usdoj.gov/enrd/
Consent_Decrees.html. Copies of the
NRD Settlement Agreement may also be
obtained by mail from the Consent
Decree Library, P.O. Box 7611, U.S.
Department of Justice, Washington, DC
20044–7611 or by faxing or e-mailing a
request to Tonia Fleetwood
(tonia.fleetwood@usdoj.gov), fax no.
(202) 514–0097, phone confirmation
number (202) 514–1547. In requesting a
copy from the Consent Decree Library,
please enclose a check in the amount of
$7.00 (25 cents per page reproduction
cost) payable to the U.S. Treasury or, if
by e-mail or fax, please forward a check
in that amount to the Consent Decree
Library at the stated address.
Maureen Katz,
Assistant Section Chief, Environmental
Enforcement Section, Environment and
Natural Resources Division.
[FR Doc. 2011–8619 Filed 4–11–11; 8:45 am]
BILLING CODE 4410–15–P
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension
of Employee Retirement Income
Security Act Prohibited Transaction
Exemption 98–54 Relating to Certain
Employee Benefit Plan Foreign
Exchange Transactions Executed
Pursuant to Standing Instructions
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
sponsored information collection
request (ICR) titled, ‘‘Prohibited
Transaction Exemption 98–54 Relating
to Certain Employee Benefit Plan
Foreign Exchange Transactions
Executed Pursuant to Standing
Instructions,’’ to the Office of
Management and Budget (OMB) for
review and approval for continued use
in accordance with the Paperwork
Reduction Act of 1995 (Pub. L. 104–13,
44 U.S.C. chapter 35).
DATES: Submit comments on or before
May 12, 2011.
SUMMARY:
E:\FR\FM\12APN1.SGM
12APN1
Federal Register / Vol. 76, No. 70 / Tuesday, April 12, 2011 / Notices
A copy of this ICR, with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained from the RegInfo.gov
Web site, https://www.reginfo.gov/
public/do/PRAMain, on the day
following publication of this notice or
by contacting Michel Smyth by
telephone at 202–693–4129 (this is not
a toll-free number) or sending an e-mail
to DOL_PRA_PUBLIC@dol.gov.
Submit comments about this request
to the Office of Information and
Regulatory Affairs, Attn: OMB Desk
Officer for the Department of Labor
Employee Benefits Security
Administration (EBSA), Office of
Management and Budget, Room 10235,
Washington, DC 20503, Telephone:
202–395–6929/Fax: 202–395–6881
(these are not toll-free numbers), e-mail:
OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT:
Contact Michel Smyth by telephone at
202–693–4129 (this is not a toll-free
number) or by e-mail at
DOL_PRA_PUBLIC@dol.gov.
SUPPLEMENTARY INFORMATION: Prohibited
Transaction Exemption 98–54 permits
certain foreign exchange transactions
between employee benefit plans and
certain banks and broker-dealers that are
parties in interest with respect to such
plans. In order that such transactions
will be consistent with the requirements
of Employee Retirement Income
Security Act section 408(a), 29 U.S.C.
110/(a), the exemption imposes the
following conditions at the time the
foreign exchange transaction is entered
into: (a) The terms of the transaction
must not be less favorable that those
available in comparable arm’s-length
transactions between unrelated parties
or those afforded by the bank or the
broker-dealer in comparable arm’slength transactions involving unrelated
parties; (b) neither the bank nor the
broker-dealer has any discretionary
authority with respect to the investment
of the assets involved in the transaction;
(c) the bank or broker-dealer maintains
at all times written policies and
procedures regarding the handling of
foreign exchange transactions for plans
for which it is a party in interest which
ensure that the party acting for the bank
or the broker-dealer knows it is dealing
with a plan; (d) the transactions are
performed in accordance with a written
authorization executed in advance by an
independent fiduciary of the plan
whose assets are involved in the
transaction and who is independent of
the bank or broker-dealer engaging in
the covered transaction; (e) transactions
srobinson on DSKHWCL6B1PROD with NOTICES
ADDRESSES:
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18:00 Apr 11, 2011
Jkt 223001
are executed within one business day of
receipt of funds; (f) the bank or the
broker-dealer at least once a day at a
time specified in written procedures
establishes a rate or range of rates of
exchange to be used for the transactions
covered by this exemption, and executes
transactions at either the next scheduled
time or no later than 24 hours after
receipt of notice of receipt of funds;
(g) prior to execution of a transaction,
the bank or the broker-dealer provides
the authorizing fiduciary with a copy of
its written policies and procedures for
foreign exchange transactions involving
income item conversions and de
minimis purchase and sale transactions;
(h) the bank or the broker-dealer
furnishes the authorizing fiduciary a
written confirmation statement with
respect to each covered transaction
within 5 days of execution; (i) the bank
or the broker-dealer maintains records
necessary for plan fiduciaries,
participants, and the DOL and Internal
Revenue Service to determine whether
the conditions of the exemption have
been met for a period of six years from
the date of execution of a transaction.
See 63 FR 63503.
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information if the
collection of information does not
display a valid OMB control number.
See 5 CFR 1320.5(a) and 1320.6. The
DOL obtains OMB approval for this
information collection under OMB
Control Number 1210–0111. The current
OMB approval is scheduled to expire on
April 30, 2011; however, it should be
noted that information collections
submitted to the OMB receive a monthto-month extension while they undergo
review. For additional information, see
the related notice published in the
Federal Register on November 10, 2010
(75 FR 69130).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within 30 days of publication of
this notice in the Federal Register. In
order to ensure appropriate
consideration, comments should
reference OMB Control Number 1210–
0111. The OMB is particularly
interested in comments that:
PO 00000
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Fmt 4703
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20373
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
Agency: Employee Benefits Security
Administration (EBSA).
Title of Collection: Prohibited
Transaction Exemption 98–54 Relating
to Certain Employee Benefit Plan
Foreign Exchange Transactions
Executed Pursuant to Standing
Instructions.
OMB Control Number: 1210–0111.
Affected Public: Private sector—
Businesses or other for profits.
Total Estimated Number of
Respondents: 35.
Total Estimated Number of
Responses: 420,000.
Total Estimated Annual Burden
Hours: 4200.
Total Estimated Annual Costs Burden:
$0.
Dated: April 5, 2011.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2011–8618 Filed 4–11–11; 8:45 am]
BILLING CODE 4510–29–P
LIBRARY OF CONGRESS
Copyright Office
[Docket No. RM 2010–10]
Section 302 Report
Copyright Office, Library of
Congress.
ACTION: Notice of inquiry: Extension of
comments and reply comments period.
AGENCY:
In Section 302 of the Satellite
Television Extension and Localism Act
(‘‘STELA’’), Congress directed the
Copyright Office (‘‘Office’’) to prepare a
report addressing possible mechanisms,
methods, and recommendations for
phasing out the statutory licensing
SUMMARY:
E:\FR\FM\12APN1.SGM
12APN1
]]>Agencies
[Federal Register Volume 76, Number 70 (Tuesday, April 12, 2011)]
[Notices]
[Pages 20372-20373]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-8618]
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DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension of Employee Retirement Income
Security Act Prohibited Transaction Exemption 98-54 Relating to Certain
Employee Benefit Plan Foreign Exchange Transactions Executed Pursuant
to Standing Instructions
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (DOL) is submitting the Employee
Benefits Security Administration sponsored information collection
request (ICR) titled, ``Prohibited Transaction Exemption 98-54 Relating
to Certain Employee Benefit Plan Foreign Exchange Transactions Executed
Pursuant to Standing Instructions,'' to the Office of Management and
Budget (OMB) for review and approval for continued use in accordance
with the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C.
chapter 35).
DATES: Submit comments on or before May 12, 2011.
[[Page 20373]]
ADDRESSES: A copy of this ICR, with applicable supporting
documentation; including a description of the likely respondents,
proposed frequency of response, and estimated total burden may be
obtained from the RegInfo.gov Web site, https://www.reginfo.gov/public/do/PRAMain, on the day following publication of this notice or by
contacting Michel Smyth by telephone at 202-693-4129 (this is not a
toll-free number) or sending an e-mail to DOL_PRA_PUBLIC@dol.gov.
Submit comments about this request to the Office of Information and
Regulatory Affairs, Attn: OMB Desk Officer for the Department of Labor
Employee Benefits Security Administration (EBSA), Office of Management
and Budget, Room 10235, Washington, DC 20503, Telephone: 202-395-6929/
Fax: 202-395-6881 (these are not toll-free numbers), e-mail: OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: Contact Michel Smyth by telephone at
202-693-4129 (this is not a toll-free number) or by e-mail at DOL_PRA_PUBLIC@dol.gov.
SUPPLEMENTARY INFORMATION: Prohibited Transaction Exemption 98-54
permits certain foreign exchange transactions between employee benefit
plans and certain banks and broker-dealers that are parties in interest
with respect to such plans. In order that such transactions will be
consistent with the requirements of Employee Retirement Income Security
Act section 408(a), 29 U.S.C. 110/(a), the exemption imposes the
following conditions at the time the foreign exchange transaction is
entered into: (a) The terms of the transaction must not be less
favorable that those available in comparable arm's-length transactions
between unrelated parties or those afforded by the bank or the broker-
dealer in comparable arm's-length transactions involving unrelated
parties; (b) neither the bank nor the broker-dealer has any
discretionary authority with respect to the investment of the assets
involved in the transaction; (c) the bank or broker-dealer maintains at
all times written policies and procedures regarding the handling of
foreign exchange transactions for plans for which it is a party in
interest which ensure that the party acting for the bank or the broker-
dealer knows it is dealing with a plan; (d) the transactions are
performed in accordance with a written authorization executed in
advance by an independent fiduciary of the plan whose assets are
involved in the transaction and who is independent of the bank or
broker-dealer engaging in the covered transaction; (e) transactions are
executed within one business day of receipt of funds; (f) the bank or
the broker-dealer at least once a day at a time specified in written
procedures establishes a rate or range of rates of exchange to be used
for the transactions covered by this exemption, and executes
transactions at either the next scheduled time or no later than 24
hours after receipt of notice of receipt of funds; (g) prior to
execution of a transaction, the bank or the broker-dealer provides the
authorizing fiduciary with a copy of its written policies and
procedures for foreign exchange transactions involving income item
conversions and de minimis purchase and sale transactions; (h) the bank
or the broker-dealer furnishes the authorizing fiduciary a written
confirmation statement with respect to each covered transaction within
5 days of execution; (i) the bank or the broker-dealer maintains
records necessary for plan fiduciaries, participants, and the DOL and
Internal Revenue Service to determine whether the conditions of the
exemption have been met for a period of six years from the date of
execution of a transaction. See 63 FR 63503.
This information collection is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a collection of information, and
the public is generally not required to respond to an information
collection, unless it is approved by the OMB under the PRA and displays
a currently valid OMB Control Number. In addition, notwithstanding any
other provisions of law, no person shall generally be subject to
penalty for failing to comply with a collection of information if the
collection of information does not display a valid OMB control number.
See 5 CFR 1320.5(a) and 1320.6. The DOL obtains OMB approval for this
information collection under OMB Control Number 1210-0111. The current
OMB approval is scheduled to expire on April 30, 2011; however, it
should be noted that information collections submitted to the OMB
receive a month-to-month extension while they undergo review. For
additional information, see the related notice published in the Federal
Register on November 10, 2010 (75 FR 69130).
Interested parties are encouraged to send comments to the OMB,
Office of Information and Regulatory Affairs at the address shown in
the ADDRESSES section within 30 days of publication of this notice in
the Federal Register. In order to ensure appropriate consideration,
comments should reference OMB Control Number 1210-0111. The OMB is
particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used;
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including through the use of appropriate
automated, electronic, mechanical, or other technological collection
techniques or other forms of information technology, e.g., permitting
electronic submission of responses.
Agency: Employee Benefits Security Administration (EBSA).
Title of Collection: Prohibited Transaction Exemption 98-54
Relating to Certain Employee Benefit Plan Foreign Exchange Transactions
Executed Pursuant to Standing Instructions.
OMB Control Number: 1210-0111.
Affected Public: Private sector--Businesses or other for profits.
Total Estimated Number of Respondents: 35.
Total Estimated Number of Responses: 420,000.
Total Estimated Annual Burden Hours: 4200.
Total Estimated Annual Costs Burden: $0.
Dated: April 5, 2011.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2011-8618 Filed 4-11-11; 8:45 am]
BILLING CODE 4510-29-P
