AXA Equitable Life Insurance Company, et al., 29596-29597 [2018-13500]
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Federal Register / Vol. 83, No. 122 / Monday, June 25, 2018 / Notices
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR-Phlx-2018–46. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–Phlx–2018–46, and should
be submitted on or before July 16, 2018.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–13506 Filed 6–22–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
33126; 812–14734]
AXA Equitable Life Insurance
Company, et al.
amozie on DSK3GDR082PROD with NOTICES1
June 19, 2018.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice.
AGENCY:
Notice of Application for an order
approving the terms of certain offers of
11 17
CFR 200.30–3(a)(12).
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17:58 Jun 22, 2018
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exchange pursuant to section 11 of the
Investment Company Act of 1940, as
amended (the ‘‘1940 Act’’). Applicants
request an order approving the terms of
certain offers of exchange between
certain separate accounts supporting
variable annuity contracts and certain
registered open-end management
investment companies.
APPLICANTS: AXA Equitable Life
Insurance Company (‘‘AXA Equitable’’),
a New York stock life insurance
company; Separate Account A of AXA
Equitable Life Insurance Company
(‘‘Separate Account A’’), registered
under the 1940 Act as a unit investment
trust and a ‘‘separate account’’ as
defined in section 2(a)(37) of the 1940
Act; AXA Advisors, LLC (‘‘AXA
Advisors’’); AXA Distributors, LLC
(‘‘AXA Distributors’’); ALPS
Distributors, Inc. (‘‘ALPS Distributors’’);
and AllianceBernstein Investments, Inc.
(‘‘ABI’’ and, together with AXA
Equitable, Separate Account A, AXA
Advisors, AXA Distributors, ALPS
Distributors, and ABI, the
‘‘Applicants’’).1
FILING DATES: The application was filed
on January 10, 2017, and amended on
June 23, 2017; November 21, 2017; and
April 10, 2018.
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
Commission’s Secretary and serving the
Applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on Monday, July 16, 2018
and should be accompanied by proof of
service on the Applicants, in the form
of an affidavit or, for lawyers, a
certificate of service. Pursuant to rule 0–
5 under the 1940 Act, hearing requests
should state the nature of the writer’s
interest, any facts bearing upon the
desirability of a hearing on the matter,
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
Commission’s Secretary.
ADDRESSES: Secretary, U.S. Securities
and Exchange Commission, 100 F Street
NE, Washington, DC 20549–1090.
Applicants: Shane Daly, AXA Equitable
Life Insurance Company, 1290 Avenue
of the Americas, New York, NY 10104;
and Christopher E. Palmer, Esq., and
Andrew L. Zutz, Esq., Goodwin Proctor
1 Each of AXA Advisors, AXA Distributors, ALPS
Distributors, and ABI are registered with the
Commission as broker-dealers and are members of
the Financial Industry Regulatory Authority.
PO 00000
Frm 00069
Fmt 4703
Sfmt 4703
LLP, 901 New York Avenue NW,
Washington, DC 20001.
FOR FURTHER INFORMATION CONTACT:
James D. McGinnis, Senior Counsel, at
(202) 551–3025, or Parisa Haghshenas,
Branch Chief, at (202) 551–6723
(Division of Investment Management,
Chief Counsel’s Office).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained via the Commission’s
website by searching for the file
number, or an applicant using the
Company name box, at https://
www.sec.gov/search/search.htm or by
calling (202) 551–8090.
Summary of the Application
1. Applicants seek an order on behalf
of AXA Equitable and any current or
future affiliated life insurance company
(each, an ‘‘Insurance Company’’ and,
collectively, the ‘‘Insurance
Companies’’), Separate Account A and
any current or future separate account of
an Insurance Company (each, a
‘‘Separate Account’’ and, collectively,
the ‘‘Separate Accounts’’), and AXA
Advisors, AXA Distributors, ALPS
Distributors, ABI, and any current or
future broker-dealer serving as principal
underwriter of variable annuity
contracts issued by an Insurance
Company or registered open-end
management investment companies
advised by an affiliate of an Insurance
Company.
2. Separate Account A is registered
under the 1940 Act as a unit investment
trust for the purpose of funding certain
variable annuity contracts issued by
AXA Equitable (any such contract and
any other current or future variable
annuity contract issued by an Insurance
Company that is funded by a Separate
Account is hereinafter referred to as a
‘‘Contract’’ and collectively, the
‘‘Contracts’’). Security interests under
the Contracts have been registered
under the Securities Act of 1933. The
Contracts currently offer various
subaccounts of Separate Account A,
each of which invests exclusively in a
single corresponding portfolio of EQ
Advisors Trust or AXA Premier VIP
Trust (together, the ‘‘Affiliated Trusts’’)
or certain unaffiliated trusts (the
‘‘Unaffiliated Trusts’’ and collectively
with the Affiliated Trusts, the ‘‘Trusts’’).
The Trusts are registered under the 1940
Act as open-end management
investment companies with multiple
separate series or portfolios. The
Contracts may offer additional
subaccounts of Separate Account A or
any other Separate Account in the
future, each of which may invest in any
E:\FR\FM\25JNN1.SGM
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Federal Register / Vol. 83, No. 122 / Monday, June 25, 2018 / Notices
amozie on DSK3GDR082PROD with NOTICES1
current or future portfolio of the
Affiliated Trusts or in any current or
future registered open-end management
investment company, or series thereof,
advised by AXA Equitable Funds
Management Group, LLC (‘‘AXA FMG’’)
or an affiliate. AXA Advisors and AXA
Distributors currently serve as the
distributors and principal underwriters
of the Contracts.
3. Applicants and their affiliates
propose to offer the AXA Retirement
360 Defined Contribution Program, a
retirement program designed to provide
participants (‘‘Participants’’) in a single
coordinated program selection of
investment options, including both
Contracts and mutual fund options, and
the ongoing ability to transfer their
account values among one or more
investment options without charge (the
‘‘Program’’).
4. AXA Equitable has issued certain
Contracts that it will make available
under the Program at or following its
inception. The Contracts will be offered
to new retirement plan customers, and
existing Contract owners will have the
option to elect to participate in the
Program. The Contracts permit Contract
owners to allocate Contract value to and
among the various subaccounts of the
Separate Accounts (any such current or
future subaccount is hereinafter referred
to as a ‘‘Subaccount’’ and, collectively,
the ‘‘Subaccounts’’). Each current
Subaccount invests in a portfolio of the
Trusts. Each Contract permits transfers
of Contract value among the
Subaccounts subject to certain
restrictions set forth in the Contract
prospectus.
5. Applicants and their affiliates
propose in the future to expand the
investment options under the Program
to include certain current or future
investment companies, or series thereof,
advised by AXA FMG or an affiliate
(each an ‘‘Affiliated Fund’’ and,
collectively, the ‘‘Affiliated Funds’’),
such that Participants in the Program
may allocate their investments to a
Contract and/or to certain Affiliated
Funds.2 Under existing procedures and
established exemptive rules,3 exchanges
may be made among the Subaccounts
and exchanges may be made among
Affiliated Funds. With respect to
exchanges from a Subaccount to an
Affiliated Fund, the Affiliated Fund
shares will have no front-end sales
charge and any otherwise applicable
sales charge or other withdrawal charge
on withdrawals from or surrenders of
the Contract will be waived. Similarly,
with respect to exchanges from an
Affiliated Fund to a Subaccount, the
Affiliated Fund shares will have no
deferred sales charge and the Contracts
will have no front-end sales charge.
Further specifics relating to the
proposed offers of exchange (the
‘‘Exchange Offers’’) are described in
detail in the application.
6. Applicants request that the
Commission issue an order pursuant to
section 11 of the 1940 Act approving the
terms of the Exchange Offers; in
particular, Applicants propose that
Participants be permitted to transfer
value: (1) From a Subaccount to an
Affiliated Fund; and (2) from an
Affiliated Fund to a Subaccount. Any
order approving the Exchange Offers
would be subject to the terms and
conditions stated in the application
with regard to such transfers.
7. Applicants state that exchanges
will be subject to any rules or
procedures established under the
Contract or established by the Affiliated
Funds with respect to transfers and
redemptions generally, including
minimum transfer amounts and policies
and procedures relating to frequent
transfers and abusive trading practices.
Applicants also reserve the right to
implement exchange limitations for the
Program generally, although Applicants
state that they have no intention of
implementing any such limitations and
would seek to do so primarily for the
purpose of addressing any apparent
abusive practices in connection with the
exchanges that may arise.
8. Applicants state that no fees or
charges will be assessed in connection
with any exchange from a Subaccount to
2 Participants may also direct investments under
the Program to investment options under annuity
contracts that do not utilize a separate account
registered under the 1940 Act (the ‘‘Non-1940 Act
Investment Options’’). Because the interests in the
Non-1940 Act Investment Options are not securities
issued by a registered investment company,
exchanges involving those interests are not subject
to Section 11 of the 1940 Act. No exemptive relief
is being sought in this Application with respect to
exchanges to and from the Non-1940 Act Options.
Participants may also direct investments to
registered open-end investment companies (i.e.,
mutual funds) for which Applicants or their
affiliates do not serve as investment adviser or
principal underwriter (the ‘‘Unaffiliated Funds’’).
Because Unaffiliated Funds and their principal
underwriters are not affiliated with Applicants, and
because there will be no agreement, formally or
informally, between any two Unaffiliated Fund
families to offer a waiver of sales load or some other
incentive for an exchange of shares from one
Unaffiliated Fund family to the other in connection
with the Program, Applicants believe that
exchanges involving shares of such Unaffiliated
Mutual Funds are not subject to Section 11 of the
1940 Act pursuant to Commission staff guidance.
See, e.g., Alexander Hamilton Funds, SEC NoAction Letter (pub. avail. July 20, 1994).
3 See 1940 Act rules 11a–2 and 11a–3.
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Fmt 4703
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29597
an Affiliated Fund or from an Affiliated
Fund to a Subaccount. In this regard,
the Insurance Company will waive any
otherwise applicable sales charge or
other withdrawal charge on withdrawals
from or surrenders of the Contract in
connection with an exchange from a
Subaccount to an Affiliated Fund.
9. Applicants state that they intend to
make this exchange feature available on
an ongoing basis to all Participants but
reserve the right to terminate or
materially amend the offer with respect
to all or any of the investment options
with advance notice to affected
Participants at least 60 days prior to the
date of termination or the effective date
of the amendment, subject to limited
exceptions described in the application.
10. Because each of the proposed
Exchange Offers involves a unit
investment trust, Section 11(c) of the
1940 Act makes Section 11(a) applicable
irrespective of the basis of the exchange.
Applicants represent that the proposed
Exchange Offers do not involve any of
the abuses that section 11 is designed to
prevent. Applicants state that there is no
possibility of such abuse because the
Exchange Offers will be based on the
relative net asset values or unit values
of the interest being exchange and no
fees or charges will be assessed in
connection with any exchange from a
Subaccount to any Affiliated Fund or
from an Affiliated Fund to a
Subaccount. In addition, the Contracts
to not impose any sales charges on
investments in the Contracts, and any
withdrawal charges imposed by any
Contracts will be waived in connection
with any exchange from a Subaccount to
any other Subaccount or to any other
investment option available under the
Program, including any Affiliated Fund
and any Unaffiliated Fund. Following
any such exchange, any withdrawal
charge that might otherwise be deducted
upon subsequent withdrawal from or
surrender of a Contract will be waived
and any sales charge that might
otherwise be applicable to any
Subaccount or to any other investment
option available under the Program
when subsequently sold will be waived.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–13500 Filed 6–22–18; 8:45 am]
BILLING CODE 8011–01–P
E:\FR\FM\25JNN1.SGM
25JNN1
]]>Agencies
[Federal Register Volume 83, Number 122 (Monday, June 25, 2018)]
[Notices]
[Pages 29596-29597]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-13500]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 33126; 812-14734]
AXA Equitable Life Insurance Company, et al.
June 19, 2018.
AGENCY: Securities and Exchange Commission (``Commission'').
ACTION: Notice.
-----------------------------------------------------------------------
Notice of Application for an order approving the terms of certain
offers of exchange pursuant to section 11 of the Investment Company Act
of 1940, as amended (the ``1940 Act''). Applicants request an order
approving the terms of certain offers of exchange between certain
separate accounts supporting variable annuity contracts and certain
registered open-end management investment companies.
Applicants: AXA Equitable Life Insurance Company (``AXA Equitable''), a
New York stock life insurance company; Separate Account A of AXA
Equitable Life Insurance Company (``Separate Account A''), registered
under the 1940 Act as a unit investment trust and a ``separate
account'' as defined in section 2(a)(37) of the 1940 Act; AXA Advisors,
LLC (``AXA Advisors''); AXA Distributors, LLC (``AXA Distributors'');
ALPS Distributors, Inc. (``ALPS Distributors''); and AllianceBernstein
Investments, Inc. (``ABI'' and, together with AXA Equitable, Separate
Account A, AXA Advisors, AXA Distributors, ALPS Distributors, and ABI,
the ``Applicants'').\1\
---------------------------------------------------------------------------
\1\ Each of AXA Advisors, AXA Distributors, ALPS Distributors,
and ABI are registered with the Commission as broker-dealers and are
members of the Financial Industry Regulatory Authority.
Filing Dates: The application was filed on January 10, 2017, and
---------------------------------------------------------------------------
amended on June 23, 2017; November 21, 2017; and April 10, 2018.
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 Commission's Secretary
and serving the Applicants with a copy of the request, personally or by
mail. Hearing requests should be received by the Commission by 5:30
p.m. on Monday, July 16, 2018 and should be accompanied by proof of
service on the Applicants, in the form of an affidavit or, for lawyers,
a certificate of service. Pursuant to rule 0-5 under the 1940 Act,
hearing requests should state the nature of the writer's interest, any
facts bearing upon the desirability of a hearing on the matter, 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
Commission's Secretary.
ADDRESSES: Secretary, U.S. Securities and Exchange Commission, 100 F
Street NE, Washington, DC 20549-1090. Applicants: Shane Daly, AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New
York, NY 10104; and Christopher E. Palmer, Esq., and Andrew L. Zutz,
Esq., Goodwin Proctor LLP, 901 New York Avenue NW, Washington, DC
20001.
FOR FURTHER INFORMATION CONTACT: James D. McGinnis, Senior Counsel, at
(202) 551-3025, or Parisa Haghshenas, Branch Chief, at (202) 551-6723
(Division of Investment Management, Chief Counsel's Office).
SUPPLEMENTARY INFORMATION: The following is a summary of the
application. The complete application may be obtained via the
Commission's website by searching for the file number, or an applicant
using the Company name box, at https://www.sec.gov/search/search.htm or
by calling (202) 551-8090.
Summary of the Application
1. Applicants seek an order on behalf of AXA Equitable and any
current or future affiliated life insurance company (each, an
``Insurance Company'' and, collectively, the ``Insurance Companies''),
Separate Account A and any current or future separate account of an
Insurance Company (each, a ``Separate Account'' and, collectively, the
``Separate Accounts''), and AXA Advisors, AXA Distributors, ALPS
Distributors, ABI, and any current or future broker-dealer serving as
principal underwriter of variable annuity contracts issued by an
Insurance Company or registered open-end management investment
companies advised by an affiliate of an Insurance Company.
2. Separate Account A is registered under the 1940 Act as a unit
investment trust for the purpose of funding certain variable annuity
contracts issued by AXA Equitable (any such contract and any other
current or future variable annuity contract issued by an Insurance
Company that is funded by a Separate Account is hereinafter referred to
as a ``Contract'' and collectively, the ``Contracts''). Security
interests under the Contracts have been registered under the Securities
Act of 1933. The Contracts currently offer various subaccounts of
Separate Account A, each of which invests exclusively in a single
corresponding portfolio of EQ Advisors Trust or AXA Premier VIP Trust
(together, the ``Affiliated Trusts'') or certain unaffiliated trusts
(the ``Unaffiliated Trusts'' and collectively with the Affiliated
Trusts, the ``Trusts''). The Trusts are registered under the 1940 Act
as open-end management investment companies with multiple separate
series or portfolios. The Contracts may offer additional subaccounts of
Separate Account A or any other Separate Account in the future, each of
which may invest in any
[[Page 29597]]
current or future portfolio of the Affiliated Trusts or in any current
or future registered open-end management investment company, or series
thereof, advised by AXA Equitable Funds Management Group, LLC (``AXA
FMG'') or an affiliate. AXA Advisors and AXA Distributors currently
serve as the distributors and principal underwriters of the Contracts.
3. Applicants and their affiliates propose to offer the AXA
Retirement 360 Defined Contribution Program, a retirement program
designed to provide participants (``Participants'') in a single
coordinated program selection of investment options, including both
Contracts and mutual fund options, and the ongoing ability to transfer
their account values among one or more investment options without
charge (the ``Program'').
4. AXA Equitable has issued certain Contracts that it will make
available under the Program at or following its inception. The
Contracts will be offered to new retirement plan customers, and
existing Contract owners will have the option to elect to participate
in the Program. The Contracts permit Contract owners to allocate
Contract value to and among the various subaccounts of the Separate
Accounts (any such current or future subaccount is hereinafter referred
to as a ``Subaccount'' and, collectively, the ``Subaccounts''). Each
current Subaccount invests in a portfolio of the Trusts. Each Contract
permits transfers of Contract value among the Subaccounts subject to
certain restrictions set forth in the Contract prospectus.
5. Applicants and their affiliates propose in the future to expand
the investment options under the Program to include certain current or
future investment companies, or series thereof, advised by AXA FMG or
an affiliate (each an ``Affiliated Fund'' and, collectively, the
``Affiliated Funds''), such that Participants in the Program may
allocate their investments to a Contract and/or to certain Affiliated
Funds.\2\ Under existing procedures and established exemptive rules,\3\
exchanges may be made among the Subaccounts and exchanges may be made
among Affiliated Funds. With respect to exchanges from a Subaccount to
an Affiliated Fund, the Affiliated Fund shares will have no front-end
sales charge and any otherwise applicable sales charge or other
withdrawal charge on withdrawals from or surrenders of the Contract
will be waived. Similarly, with respect to exchanges from an Affiliated
Fund to a Subaccount, the Affiliated Fund shares will have no deferred
sales charge and the Contracts will have no front-end sales charge.
Further specifics relating to the proposed offers of exchange (the
``Exchange Offers'') are described in detail in the application.
---------------------------------------------------------------------------
\2\ Participants may also direct investments under the Program
to investment options under annuity contracts that do not utilize a
separate account registered under the 1940 Act (the ``Non-1940 Act
Investment Options''). Because the interests in the Non-1940 Act
Investment Options are not securities issued by a registered
investment company, exchanges involving those interests are not
subject to Section 11 of the 1940 Act. No exemptive relief is being
sought in this Application with respect to exchanges to and from the
Non-1940 Act Options. Participants may also direct investments to
registered open-end investment companies (i.e., mutual funds) for
which Applicants or their affiliates do not serve as investment
adviser or principal underwriter (the ``Unaffiliated Funds'').
Because Unaffiliated Funds and their principal underwriters are not
affiliated with Applicants, and because there will be no agreement,
formally or informally, between any two Unaffiliated Fund families
to offer a waiver of sales load or some other incentive for an
exchange of shares from one Unaffiliated Fund family to the other in
connection with the Program, Applicants believe that exchanges
involving shares of such Unaffiliated Mutual Funds are not subject
to Section 11 of the 1940 Act pursuant to Commission staff guidance.
See, e.g., Alexander Hamilton Funds, SEC No-Action Letter (pub.
avail. July 20, 1994).
\3\ See 1940 Act rules 11a-2 and 11a-3.
---------------------------------------------------------------------------
6. Applicants request that the Commission issue an order pursuant
to section 11 of the 1940 Act approving the terms of the Exchange
Offers; in particular, Applicants propose that Participants be
permitted to transfer value: (1) From a Subaccount to an Affiliated
Fund; and (2) from an Affiliated Fund to a Subaccount. Any order
approving the Exchange Offers would be subject to the terms and
conditions stated in the application with regard to such transfers.
7. Applicants state that exchanges will be subject to any rules or
procedures established under the Contract or established by the
Affiliated Funds with respect to transfers and redemptions generally,
including minimum transfer amounts and policies and procedures relating
to frequent transfers and abusive trading practices. Applicants also
reserve the right to implement exchange limitations for the Program
generally, although Applicants state that they have no intention of
implementing any such limitations and would seek to do so primarily for
the purpose of addressing any apparent abusive practices in connection
with the exchanges that may arise.
8. Applicants state that no fees or charges will be assessed in
connection with any exchange from a Subaccount to an Affiliated Fund or
from an Affiliated Fund to a Subaccount. In this regard, the Insurance
Company will waive any otherwise applicable sales charge or other
withdrawal charge on withdrawals from or surrenders of the Contract in
connection with an exchange from a Subaccount to an Affiliated Fund.
9. Applicants state that they intend to make this exchange feature
available on an ongoing basis to all Participants but reserve the right
to terminate or materially amend the offer with respect to all or any
of the investment options with advance notice to affected Participants
at least 60 days prior to the date of termination or the effective date
of the amendment, subject to limited exceptions described in the
application.
10. Because each of the proposed Exchange Offers involves a unit
investment trust, Section 11(c) of the 1940 Act makes Section 11(a)
applicable irrespective of the basis of the exchange. Applicants
represent that the proposed Exchange Offers do not involve any of the
abuses that section 11 is designed to prevent. Applicants state that
there is no possibility of such abuse because the Exchange Offers will
be based on the relative net asset values or unit values of the
interest being exchange and no fees or charges will be assessed in
connection with any exchange from a Subaccount to any Affiliated Fund
or from an Affiliated Fund to a Subaccount. In addition, the Contracts
to not impose any sales charges on investments in the Contracts, and
any withdrawal charges imposed by any Contracts will be waived in
connection with any exchange from a Subaccount to any other Subaccount
or to any other investment option available under the Program,
including any Affiliated Fund and any Unaffiliated Fund. Following any
such exchange, any withdrawal charge that might otherwise be deducted
upon subsequent withdrawal from or surrender of a Contract will be
waived and any sales charge that might otherwise be applicable to any
Subaccount or to any other investment option available under the
Program when subsequently sold will be waived.
For the Commission, by the Division of Investment Management,
under delegated authority.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-13500 Filed 6-22-18; 8:45 am]
BILLING CODE 8011-01-P
