[Federal Register Volume 60, Number 153 (Wednesday, August 9, 1995)]
[Notices]
[Page 40624]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-19665]
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DEPARTMENT OF LABOR
[Prohibited Transaction Exemption 95-56]
Mellon Bank, N.A., and its Affiliates (Mellon)
AGENCY: Department of Labor.
ACTION: Notice of Technical Correction.
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On July 12, 1995, the Department of Labor (the Department)
published in the Federal Register (60 FR 35933) an individual exemption
which permits: (1) the purchase and sale of securities, including the
common stock of Mellon Bank Corporation (MBC Stock), between various
Indexed Accounts, as defined therein, which are sponsored, maintained,
trusteed, or managed by Mellon; (2) the purchase and sale of
securities, including MBC Stock, between Indexed Accounts and various
large accounts (the Large Accounts), as defined therein, pursuant to
portfolio restructuring programs for the Large Accounts; and (3) the
acquisition, holding or disposition of MBC Stock by Indexed Accounts
for the purpose of maintaining strict quantitative conformity with the
relevant index upon which the Indexed Account is based.
With respect to Section IV(e), the first full sentence in the
second column on 60 FR 35935, relating to the definition of a ``Large
Account'' for purposes of the exemption, should read as follows:
``. . . As noted in Section I(h)(4), a ``Large Account'' shall only
be an account . . . etc.''
FOR FURTHER INFORMATION CONTACT: Mr. E.F. Williams, of the Department,
at (202) 219-8194.
Signed at Washington, D.C., this 4th day of August, 1995.
Ivan L. Strasfeld,
Director, Office of Exemption Determinations, Pension and Welfare
Benefits Administration.
[FR Doc. 95-19665 Filed 8-8-95; 8:45 am]
BILLING CODE 4510-29-P
