EBSA (Formerly PWBA) Federal Register Notice

Exemption Application No. D-10384; Deutsche Bank AG, et al. (Deutsche Bank) [02/08/2000]

Volume 65, Number 26, Page 6228-6229

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DEPARTMENT OF LABOR

Pension and Welfare Benefits Administration

 
Exemption Application No. D-10384; Deutsche Bank AG, et al. 
(Deutsche Bank)

AGENCY:  Pension and Welfare Benefits Administration,Labor (the 
Department).

ACTION:  Notice of technical correction.

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    On February 1, 2000, the Department published in the Federal 
Register (65 FR 4843) a notice of proposed exemption for Deutsche Bank 
which

[[Page 6229]]

would allow the assets of certain employee benefit plans to be invested 
in synthetic guaranteed investment contracts (the Buy & Hold Synthetic 
GICs) that would be offered by Deutsche Bank. Due to a printing error, 
appearing on page 4846 of the proposed exemption in Representation 7, 
the formula for computing the Crediting Rate for each Buy & Hold 
Synthetic GIC, was stated as follows:
[GRAPHIC] [TIFF OMITTED] TN08FE00.022

The Department notes that the correct formula for calculating the 
Crediting Rate is
[GRAPHIC] [TIFF OMITTED] TN08FE00.023

and it hereby amends the proposal.

FOR FURTHER INFORMATION CONTACT: Ms. Jan D. Broady of the Department at 
(202) 219-8881. (This is not a toll-free number.)

    Signed at Washington, DC this 3rd day of February, 2000.
Ivan L. Strasfeld,
Director of Exemption Determinations, Pension and Welfare Benefits 
Administration, Department of Labor.
[FR Doc. 00-2857 Filed 2-7-00; 8:45 am]
BILLING CODE 4510-29-P