[FR Doc. 85-22841 Filed 9-24-85; 8:45 am]

1 38932 Federal Register / Vol. 50, No. 186 / Wednesday, September 25, 1985 / Notices Public comments requested as to OFFICE OF MANAGEMENT AND frequently should be at most 22 working proposed no significant hazards BUDGET days. consideration: Yes. 50 FRN 31447 dated (2) New procedures for announcing August 2,1985. Statistical Policy Directive on the schedule of publication. The revised Comments received: No. Compilation, Release, and Evaluation directive assigns agencies additional The Commission's related evaluation of Principal Federal Economic responsibilities for ensuring that users of the amendment is contained in a Indicators are informed about the release time and Safety Evaluation dated September 3, date of economic indicators. Each AGENCY: Office of Information and 1985.

2 Agency must publish a release schedule Regulatory Affairs, Office of Attorney for licensee: Gerald for each calendar year and individual Management and Budget. Charnoff, Esquire, Shaw, Pittman, Potts publications must include an and Trowbridge, 1800 M Street, , ACTION: Notice of adoption of a revised announcement of the next release date Washington, 20036. Statistical Policy Directive Number 3. and time. These procedures should Local Public Document Room The existing directive is entitled ensure that agencies announce release location: Maude Reston Palenske "Compilation and Release of Principal dates well in advance and that they Memorial Library, 500 Market Street, St. Federal Economic Indicators." routinely provide reminders of the next _____. Joseph, Michigan 49085.

3 Release date and time to interested SUMMARY: The revised directive clarifies users. Washington Public Power Supply and strengthens Office of Management (3) A new requirement that agencies System, Docket No. 50--397, WNP-2, and Budget guidance to Federal agencies announce planned changes in data Richland, Washington on the compilation and release of collection, analysis, or estimation principal economic indicators. It methods at least three months before Date of amendment request: July 17 includes more stringent procedures for implementing the change. This is to and 19, 1985. announcing changes in data collection, allow users of economic indicators to Brief description of amendment: This analysis, and estimation methods, and it evaluate, comment upon, and prepare amendment revises the WNP-2 license adds a new requirement for periodic for significant changes in methods or by modifying the Technical evaluation of the performance of each procedures.

4 Users of economic Specifications to add a new Technical economic indicator. The intent of these indicators often require a consistent Specification Section 3 , entitled changes is to ensure that the Federal time series for modeling and forecasting. Neutron Flux Monitoring data and estimates used to assess If agencies make modifications, the Instrumentation and supporting current economic conditions meet high users must have sufficient time to licensing bases and modify Technical standards of reliability and usefulness prepare for the changes and incorporate Specification Section 3 and that agencies release them to the correction factors. This time period also (Recirculation Loops) to permit public in a fair and orderly manner. The gives users an opportunity to inform the operation at a higher power level than is changes reflect comments by officials of agency of the effects of a new policy currently authorized under Single Loop affected agencies on a draft of the early enough in the planning process so Operation (SLO).

5 This amendment also revised directive. that the agency can consider users'. corrects page number errors in the BACKGROUND: Statistical Policy comments. Technical Specifications Index. Directive Number 3 designates (4) New guidance for prerelease Date of issuance: September 5,1985. statistical series that provide timely access to indicators. The revised Amendment No.: 16 measures of economic activity as directive clarifies the current provision Effective date: July 19, 1985. Principal Economic Indicators and for making material available to the Facility Operating License No. NPF- requires prompt release of these President through the Chairman of the 21. Amendment revised the Technical indicators. The intent of the directive is Council of Economic Advisers prior to Specifications.

6 To preserve the time value of such public release. There are new rules for Public comments requested as to information, strike a balance, between the granting of prerelease access to the proposed no significant hazards timeliness and accuracy, prevent early press and to policy officials. Agencies consideration: No. access to information that may affect must ensure that adequate steps ( , The Commission's related evaluation financial and commodity markets, and sequestering those granted access) are is contained in a safety Evaluation preserve the distinction between the taken to prevent prerelease disclosure dated July 19, 1985. policy-neutral release of data by or use. So long as there is no risk of Attorney for licensee: Bishop, statistical agencies and their prerelease disclosure or use, prerelease Liberman, Cook, Purcell & Reynolds, interpretation by policy officials.

7 Access is permitted. Those granted 1200 Seventh Street NW, Washington, Principal Changes prerelease access must be informed 20036. (1)Strengthening the language on about the conditions surrounding the Local Public Document Room prompt release. Economic indicators access. Location: Richland Public Library, Swift must be released promptly. Their value (5) New requirement for periodic and Northgate Streets, Richland, as aids for decision-making decreases as evaluation of each indicator. The last Washington, 99352. the time since the end of the reference section of the directive requires the period increases. Prompt release also evaluation of economic indicators every Dated at Bethesda, Maryland this 18th day reduces the chance of unauthorized, 3 years. These series can have of September 1985.

8 Premature disclosure by minimizing the substantial effects upon market For the Nuclear Regulatory Commission time between the completion of decisions and government policy. Edward J. Butcher, tabulations and the release to the public. Periodic evaluation should help ensure Acting Chief Operating Reactors Branch #3, The revised directive states that the that economic indicators continue to Division of Licensing. time between the close of the reference meet high standards of accuracy. The [FR Doc. 85-22841 Filed 9-24-85; 8:45 am] period and the public release date for a required evaluations include an analysis BILLING CODE 7590-01-M series issued quarterly or more of the accuracy of the series, the effects Federal Register / Vol. 50, No. 186 / Wednesday, September 25, 1985 / Notices 38933.

9 Of revisions, and performance relative of upcoming year. In addition, each release released. As soon as copies of materials established benchmarks. The agency will include an announcement of the for public release have been prepared, that releases each economic indicator time and date of the next release. The the agency shall physically secure them. will also evaluate release procedures, releasing agency shall provide a Except for the authorized distribution prerelease security procedures, and the schedule of releases for the upcoming described in this section, agencies shall availability and accuracy of calendar year to the Statistical Policy ensure that no information or data documentation. The Office of Office, Office of information and estimates are released before the official Management and Budget will review the Regulatory Affairs, by December 15.

10 Release time. evaluations to ensure that the releasing Changes in the release schedule may The agency will provide prerelease agency is adhering to all guidelines. The occur only if special, unforeseen information to the President, through the new requirements replace the informal circumstances arise. The releasing Chairman of the Council of Economic and highly variable review practices agency must announce and fully explain Advisers, as soon as it is available. The currently in use with uniform evaluation any schedule changes as soon as it has agency may grant others prerelease principles and procedures. determined they are unavoidable. access only under the following The revised directive is published There should be one office in the conditions: below.