AGENCY:
Pension and Welfare Benefits Administration,Labor (the Department).
ACTION:
Notice of technical correction.
On February 1, 2000, the Department published in the Federal Register (65 FR 4843) a notice of proposed exemption for Deutsche Bank which 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:
Image Not Available
The Department notes that the correct formula for calculating the Crediting Rate is
Image Not Available
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