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DOT/MARAD RIN: 2133-AB35 Publication ID: Spring 1999 
Title: Use of Brokerage Firms as Depositories Under the Capital Construction Fund Program 
Abstract: The regulations provide the qualifications for approval of depositories under several maritime programs, including the Capital Construction Fund Program (CCF). The CCF statute allows CCF fund holders to invest CCF funds in various securities, under certain conditions, but the relevant regulations do not allow for the use of brokerage firms. The Maritime Administration therefore amended its regulations to approve brokerage firms, under certain conditions, as acceptable depositories under the CCF program and bring the regulations up to date with the CCF program. 
Agency: Department of Transportation(DOT)  Priority: Info./Admin./Other 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 46 CFR 351    49 CFR 1.66   
Legal Authority: 46 app USC 1114(b)   
Timetable:
Action Date FR Cite
Final Action  10/14/1998  63 FR 55039   
Final Action Effective  10/16/1998    
Additional Information: This action was exempt from the notice requirements of the Administrative Procedure Act because it is a matter relating solely to agency management.
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No 
Included in the Regulatory Plan: No 
Agency Contact:
Philip Budwick
Attorney Advisor, Office of Chief Counsel, Room 7228
Department of Transportation
Maritime Administration
400 Seventh Street SW.,
Washington, DC 20590
Phone:202 366-5167