Bank Collective Investment Funds; Prohibited Transaction Class Exemption 91-38

Federal Regisker

31~5

I

Vol. 56, No. 134

/

Friday, Jdy 12. 1991

Natic~s

..
.

Acts."

shall bc the minimum paid by

cnntrac.tora and aubcontractnrs tn

wml-12 ( F P ~ 22.
.

volume 11t

Ar~zona:

governmentalagency having an lnterpst *,'a-2 (peb. 22. 1CJglJ
pp l$-ddbP1.
in h e rates detertui~ledrs preva~ling13
,..lorado:
encouraged to submit wage rate and
cU914 i ~ 22.
b 1993) . y467, IrV twrringa bcnefit information for
173.
cwrsideratioi~by the Deparlrneot.
Oregon:
UIWI- 1 {Feh 22, Ig91)
Mher information and self~371.W 372. eqhrratorg fnnntr for the purpose of
387
sibmitiim this data may be obtained by
.,' Wting ta the U.S, Department of Labor,
& p ~ ~ y m ~ n t ~ b n d a r d s ~ h i n i ~ t r a t iGenerdwageDeeeshGon
on.
d f . ~ o u Division,
r
Division of
hbEcabara
S:sfIWageD&imnination&280 Constitution
Generd wage deiednatious issued
Aqenlre, mY1roam S-3014,
under the Davis-Hason and rela tea&;Actg,
;'_
Washington, DC ZOWU.
incIuding those noled above. may be
'$ !&$d%ati~mto~ e m m wag^
l
Fdurid rst the C~lrcrnmeatthinting
. Gmfnstlon n 8 d S i ~
(GPO] d a c o m ~ nenffiled
i
"6;eneynl
L)etarmintll~ons
h u e d thder
me-hers of the decisions listed in Wage
Davis Dacon P ~ i dRelated Acts", This
I: ths Governrn~nthinting Office
puhlrcdtian 1s avadablr! ot each of the W
"
du~aunent.
entilled "GeneralWage
Re~bflnhlhverlllnellt Deplosltov
Efetdations ~~~~~dundes fie DavioBacon snb Related Acts" being modified Librnriesand many the
('ouprnment De~osltow
kbmriey
,
are listed by Volume, Stdle, and page
I)l"wuw.lk~.
SuLscri~liolls
mny be
nmber[sJ. Dates of publication in the
p u r ~ h a s e dfrom. Sup~rlntendentof
Fader& Registm are in parentheses
foIlowing
dccisions being modified.
Dn"~mp"'a~
Priatrw
5
Ofllct.. Mroshington,DC 20402, (2021 7 8 s
+
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114f10

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$3,

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3238.

Vulurne I:

Gcorgiu:
GA914O [Feb. 22,1991)... p. 302c, y. 302d.
Maeuachtwcllu:
W l 7 1 ( F I Z?,~ 1 s W ) .... p. Ul, y;r 4'3~3&.

New 1,trscy:
N P 3 {Ft.b.22, ib31).......p. 721, pp. 722 7$4.

New Y o ~ k :
NYm--9 [ F L . :~,I!. 1r4u1)

..

p. llfiapp. H7(r
R72.

lii~ini~:
VhslJH [Fph. X ! , 1491 I... p.

las.7, p. 13!14.

IFblume II

lovia:

...,... p41, pp. 42-48

1A9I-5 (Feb. 22. 14911

Illinois:

Feb. 22 19411......... pH. pp. 7+9sb.
~m-3
(reh. 22, Ism) ....... p11.5. pp. 11%

U-a

When orderlng sulscriptiur~(~].
bc
lu specify Ihc Statc(s) of interest,
since subscriptions may he n r d ~ r e dfr~r
any or all of the h e e sepamte vulwlru,
nrra~lgcilby Stotc. Subscriptions includz
an annual edition (iswed nn or about
[anuary I ) which icclurlev all currcnt
grncval wage determinations for the
States cnvcrecl hy each volume.
Thr,oughuuth e ~c.autit~Jcr
of thc 1rc-l r.
regular weekly npdatea will 11s
dintrlbuted to subscribesu.
Signed ut Wauhina!un. DC, tbi3 sib Jny uf
yurt

July1991.
Alan C. Moss,
Dir,rr fur, Iliui:;inn nf LVrie LkL!?:.nlinatic?ls.
[YK Eve. rJI-lW94 Cihd 7 -11 --in
: &45 am]

120.

ILR1-4 (Feb. 22. 19911

plll, pp. 1 2 125.

Lt91-9 (Yeb. 22.1991) ....... p153, p. 154.
ILm-13 (Peb. 22.1991)
p183, p. 1W.
lL9l-14 (Yeb. 22. 1%31) ..... p195. pp, 195 -

.....

lN
IUI-15 f Pvb. 22, l!J!Jl].
pZU5, p. Z I K i .
n n -ln ( ~ e h z
. ,
I!I!+I]..... p w , pp. 2 3 ~
240b.

....

rndiantr:
UWl-L (Fcb. 21. 19911-...... ~ 2 4 3 pp.
, 2A4-247.

INo1-2 Fcb. ?7. .I(IYI]

........

p2s9 pp. 21i%
279.

Texa3:

TlC9k-3 &b.
Wisconsin:

2 Ins1) .... . plO?l,p. 1023.

WM14 (Feb. 2. lr191).....plZW. pp.
t 21 2.

1211!-

Pension and Wetfgr~Benefits
Adsninistrw8ion

irliercst, to cngage in certa~n
transactinns, provided specified
cunditiuns are met. The amcndmcllt
affects,among others, participants,

beneficiaries and fiduciaries uf plan^
$hat invest in the coliective investment
funds, banks, and other persons
~ngngingin the described transactions
E M ~ I V E DATE: ~h~ amendm
tu
scction I[a](lJ(A)of PTE -53
is
etfer-tivaaa of July 1, IggO.
FCaR FURTHER IMFORMTION C W TA m

Lysna Hal1 of the Office of Exemption
&~enninatinns, Pension and Wetfare
Benefits Administration. U.S.
Department of Labor, (202) 5234M71
( t biu~not a toll-fre~nw~ber];or D I ~ P
pdulla of the Plan Benefits Security
Division, O f f i c ~nf the Sol~crtor.U.S.
Department uf Labor. (202) 523-L1597
[this is not a toll Free n~~rnhpr).
sLBppLEMIEHTARY,HFBAIAAmn:

February 8 . 1 m . notice was published
in thc Fc&raI Register (56 FH 4856) of
the pendency before the D e p a r h ~ e nof
t
a prvpvved amendment to lTE 8 % ~(45
FR $11709, July 25,198(1].V S E 0 5 5 1
prnvtka an exernptiun from thc
rrevtrjctions of scctiom
and do:[4] of
the Employee Retirement Incume
Security Act of 1Y74 (ERISA or the Act)
and horn tht! taxes imposed hy sectinn
4975 [a] a n d (h] nf the Interr~allicve~lut:
Code af 1988 tihe Code) by reason of
cwtain provisions nf sect!on 4975fc)(l]
of the {:ode.
The amcndmcnf to FI'E flb54. adopttnd
by this r~nticawas reqceatcd in an
exsmyliun application d'iterl May 17,
1VJ0,un behalf of the ihericdn Bankrid;
A~.sflr:i;~tion
[ABA]. Thc exemptim
ap~llicritioltwas submitted pursuar~ltu
sec,tinn408[a] nf ERISA and scction
4975[cj[2] uf the Code a and In
accordance with ERISA F'roceJuru 75 1
($0F 3 1n471, Aprd 28.1975).
Y l~forrnationcollection requi~-clllcnls
conJ:l:ntrl in PlyE8 M 1 have been
appruved by ihe Office of Manage~r~unt
and Budg~tundsr the ~ruvisionsof the
Pap~rworkReduction Act nf 1939 (Pub.
L. 9Wll) and I I ~ V Ph c ~ asui~rlcd
n
0XfH
nurnher 1 1 1 ~ 0 d2l ~ y r u v c dtor use
Ihrough Aprd 3'~.199J

.

This Jocumcnt amends P '
8CF.51,a crass exemption that permiis
Usnk Cullectiue hvcstnlcnt Fi!nds. in
SurdwnRr:

In ha Jiscusslon u i thc c\a.n~l~t~un.
refr.reor1.u tu
W and 4llr: of 73:RiSR,hwcld be rcsd tu
refer da YYI.II141 tilr t : o r ~ ~ ~ ~ o n dptrn~ q
v l . . ~ a lof
~b
nectiul~4s-5 of thr. (',~.i$:.
~V+.:I~IIR4

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Amendment to Prohibited TransactJot~
1 M ~ n ~1 i ~r I 1 I I L ~
C C~~ .~ I~
CC
~L O :wre
~L
rn.irlr h bhr
Exemption (FE)88-53 Bmwo!ving Bank
lsngu~qcof 1\14. l l l ~ d lr ~ e m p t r u nin u nqlsa:l.
Collecliv~$wvesPnientFunds
publlrhrd In thr F*!d~:rulRq1sl.r an A c r . , . l R. 11':'I.
1 4m
~ 52M9I
naeeecv: Pansinn and Welfare BeneIils
o: ~:rlrR-r.nzall~jn
Plan N n 4 . ~ I:JY
t
Secrlon
Ad~nirdvtratiiln,Dcpnrtment of I,abor.
P~,'"'F
14) rll 47713. Octobcr t l . 10:RI. e i l ~ c r t v e
31. w?tl [ M PR loti* b n ~ l u 3.
e ~r!F7j h e n s f e r r ~ d'l.9
ACTI0P.e: Adoption of ~ m ~ n d m e to
n tPi'E
r+,.lhrsi~tyof [he S h - r p r a 01
~ rh--Tr#:aaur] lo . r Y r l v
B [ M I , und redesig~ratiu~s
as PTE T t - 3 8 .
+hrrmllll~t~~rc~a
of rhla type ia thc Sc.;r+,luiy ni Ld'3or
.

%
%;x ;
>" . " ,

iwi).,. ~1283,pp, 1 2 ~ - which empluyet. be~lefltplans have an
12IiB.

Iaborers atld nechan~cs.
Any person, organization, or

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