You are on page 1of 1

53154 Federal Register / Vol. 71, No.

174 / Friday, September 8, 2006 / Notices

satisfy its obligations, OCC may have to For the Commission by the Division of DEPARTMENT OF STATE
use its clearing fund, which is made up Market Regulation, pursuant to delegated
authority.13 [Public Notice 5540]
from contributions from all clearing
members, to make up the loss. Nancy M. Morris,
Culturally Significant Objects Imported
Secretary.
Under the current version of Article for Exhibition Determinations: ‘‘Manet
[FR Doc. E6–14857 Filed 9–7–06; 8:45 am] and the Execution of Maximilian’’
VI, Section 3, of OCC’s By-Laws, OCC
BILLING CODE 8010–01–P
has a lien on cash and non-securities SUMMARY: Notice is hereby given of the
assets in a non-proprietary account for following determinations: Pursuant to
purposes of the obligations of such the authority vested in me by the Act of
account only, thus limiting OCC’s DEPARTMENT OF STATE October 19, 1965 (79 Stat. 985; 22 U.S.C.
ability to use these assets in the 2459), Executive Order 12047 of March
liquidating settlement procedures [Public Notice 5542] 27, 1978, the Foreign Affairs Reform and
provided for in Rule 1104. Although Restructuring Act of 1998 (112 Stat.
OCC is entitled under Rule 1108 to Culturally Significant Objects Imported 2681, et seq.; 22 U.S.C. 6501 note, et
recover any amounts owed to it by the for Exhibition Determinations: ‘‘In the seq.), Delegation of Authority No. 234 of
suspended Clearing member and OCC’s Beginning: Bibles Before the Year October 1, 1999, Delegation of Authority
members are entitled under Article VIII 1000’’ No. 236 of October 19, 1999, as
of the By-Laws to share in a recovery of amended, and Delegation of Authority
SUMMARY: Notice is hereby given of the
charges against the clearing fund, the No. 257 of April 15, 2003 [68 FR 19875],
following determinations: Pursuant to
restriction on the use of the assets in I hereby determine that the objects to be
the authority vested in me by the Act of
non-proprietary accounts unnecessarily included in the exhibition ‘‘Manet and
October 19, 1965 (79 Stat. 985; 22 U.S.C.
complicates the liquidating settlement the Execution of Maximilian,’’ imported
2459), Executive Order 12047 of March
process. from abroad for temporary exhibition
27, 1978, the Foreign Affairs Reform and
within the United States, are of cultural
The rule change gives OCC a general Restructuring Act of 1998 (112 Stat.
significance. The objects are imported
lien over the cash and non-securities 2681, et seq.; 22 U.S.C. 6501 note, et
pursuant to loan agreements with the
assets in non-proprietary accounts at seq.), Delegation of Authority No. 234 of
foreign owners or custodians. I also
OCC, other than securities customers’ October 1, 1999, Delegation of Authority
determine that the exhibition or display
accounts and customer lien accounts, so No. 236 of October 19, 1999, as
of the exhibit objects at The Museum of
that those assets may be used to meet amended, and Delegation of Authority
Modern Art, New York, New York, from
any of the member’s obligations to OCC No. 257 of April 15, 2003 [68 FR 19875],
on or about November 5, 2006, until on
for purposes of creating a liquidating I hereby determine that the objects to be
or about January 29, 2007, and at
settlement account under Rule 1104. included in the exhibition ‘‘In the
possible additional venues yet to be
Accordingly, by revising its By-Laws Beginning: Bibles Before the Year
determined, is in the national interest.
1000,’’ imported from abroad for
and Rules to give OCC broader access to Public Notice of these Determinations is
temporary exhibition within the United
collateral in the event of a clearing ordered to be published in the Federal
States, are of cultural significance. The
member liquidation while still Register.
objects are imported pursuant to loan
complying with the Commission’s agreements with the foreign owners or FOR FURTHER INFORMATION CONTACT: For
hypothecation rules and customer custodians. I also determine that the further information, including a list of
protection rule, OCC has designed the exhibition or display of the exhibit the exhibit objects, contact Carol B.
proposed rule change to improve its objects at The Arthur M. Sackler Epstein, Attorney-Adviser, Office of the
ability to protect itself and its clearing Gallery, Washington, DC, from on or Legal Adviser, U.S. Department of State
members from the potential losses about October 21, 2006, until on or (telephone: 202/453–8050). The address
associated with a clearing member about January 7, 2007, and at possible is U.S. Department of State, SA–44, 301
liquidation without affecting the additional venues yet to be determined, 4th Street, SW., Room 700, Washington,
protection of customers’ securities is in the national interest. Public Notice DC 20547–0001.
under the Commission’s rules. As a of these Determinations is ordered to be Dated: September 1, 2006.
result, the Commission finds that the published in the Federal Register. C. Miller Crouch,
proposed rule change is designed to FOR FURTHER INFORMATION CONTACT: For Principal Deputy Assistant Secretary for
assure the safeguarding of securities and further information, including a list of Educational and Cultural Affairs, Department
funds which are in OCC’s custody or the exhibit objects, contact Richard of State.
control or for which OCC is responsible. Lahne, Attorney-Adviser, Office of the [FR Doc. E6–14894 Filed 9–7–06; 8:45 am]
Legal Adviser, U.S. Department of State BILLING CODE 4710–05–P
IV. Conclusion
(telephone: 202/453–8058). The address
On the basis of the foregoing, the is U.S. Department of State, SA–44, 301
4th Street, SW., Room 700, Washington, DEPARTMENT OF STATE
Commission finds that the proposed
rule change is consistent with the DC 20547–0001. [Public Notice 5541]
requirements of the Act and in Dated: August 31, 2006.
particular Section 17A of the Act and C. Miller Crouch, Culturally Significant Objects Imported
the rules and regulations thereunder. for Exhibition Determinations:
Principal Deputy Assistant Secretary for
Educational and Cultural Affairs, Department ‘‘Prayers & Portraits: Unfolding the
sroberts on PROD1PC70 with NOTICES

It is therefore ordered, pursuant to Netherlands Diptych’’


of State.
Section 19(b)(2) of the Act, that the
[FR Doc. E6–14903 Filed 9–7–06; 8:45 am] SUMMARY: Notice is hereby given of the
proposed rule change (File No. SR–
OCC–2005–23) be and hereby is BILLING CODE 4710–05–P following determinations: Pursuant to
approved. the authority vested in me by the Act of
13 17 CFR 200.30–3(a)(12). October 19, 1965 (79 Stat. 985; 22 U.S.C.

VerDate Aug<31>2005 19:38 Sep 07, 2006 Jkt 208001 PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 E:\FR\FM\08SEN1.SGM 08SEN1

You might also like