Federal Register / Vol. 65, No. 106 / Thursday, June 1, 2000 / Notices 35153

8 15 U.S.C. 78f.

9 15 U.S.C. 78f(b)(5).

10 78s(b)(3)(A).

11 17 CFR 240.19b–4(f)(6).

12The Exchange provided the Commission with

the five business day notice required by Rule 19b–

4(f)(6) of the Act on March 3, 2000.

13 15 U.S.C. 78s(b)(3)(A).

14 17 CFR 240.19b–4(f)(6).

15 17 CFR 240.19b–4(f)(6)(iii)

16 Id.

17For purposes only of accelerating the operative

date of this proposal, the Commission has

considered the proposed rule’s impact on

efficiency, competition, and capital formation. 15

U.S.C. 78c(f). 18 17 CFR 200.30–3(a)(12).

In conjunction with the split, the

Exchange will list strike prices

surrounding the new, lower index

value, pursuant to Phlx Rule 1101A.

The trading symbol will remain as BMX.

The Exchange will announce the

effective date, the strike price, and the

position limit changes by way of an

Exchange memorandum to the

membership.

The Exchange is proposing this rule

change to attract additional liquidity to

BMX. The Phlx believes a two-for-one

split will reduce the value of the index

and will have a positive effect on overall

transaction volumes by making the

option premiums more attractive for

retail investors. Additionally, the

Exchange believes that a reduced index

value will encourage additional investor

interest because investors will be able to

utilize this trading vehicle with a

smaller amount of capital. The

Exchange believes that attracting

additional investors will create a more

active and liquid trading environment.

2. Statutory Basis

For these reasons, the Exchange

believes that the proposed rule change

is consistent with Section 6 of the Act,8

in general, and in particular, with

Section 6(b)(5),9 in that it is designed to

promote just and equitable principles of

trade, as well as to protect investors and

the public interest, by establishing a

lower index value, which should, in

turn, facilitate trading in BMX options.

The Exchange believes that reducing the

value of the index should not raise

manipulation concerns or adversely

impact the market, because the

Exchange will continue to employ its

surveillance procedures and has

proposed an orderly procedure to

achieve the index split, including

adequate notice of the split to market

participants.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange does not believe that

the proposed rule change will impose

any burden on competition not

necessary or appropriate in furtherance

of the purposes of the Act.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

The Exchange neither solicited nor

received written comments with respect

to the proposed rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

This proposed rule change has been

filed by the Exchange as a ‘‘noncontroversial’’ rule change pursuant to

Section 19(b)(3)(A) of the Act 10 and

subparagraph (f)(6) of Rule 19b–4

thereunder.11 Because the foregoing

proposed rule change: (1) Does not

significantly affect the protection of

investors or the public interest, (2) does

not impose any significant burden on

competition, and (3) by its terms does

not become operative for 30 days after

the date of filing, or such shorter time

as the Commission may designate,12 it

has become effective pursuant to

Section 19(b)(3)(A) of the Act 13 and

Rule 19b–4(f)(6) thereunder.14

The Exchange has requested that the

Commission accelerate the operative

date of the rule change to permit the

Exchange to implement it immediately.

The Commission has determined,

consistent with the protection of

investors and the public interest, to

make the proposed rule change

operative upon filing, pursuant to

Section 19(b)(3)(A) of the Act and Rule

19b–4(f)(6)(iii).15 Under Rule 19b–

4(f)(6)(iii), a proposed ‘‘noncontroversial’’ rule change does not

become operative for 30 days after the

date of filing, unless the Commission

designates a shorter time.16 The

Commission believes that it is

consistent with the protection of

investors and the public interest to

make the proposed rule change

operative upon filing because reducing

the value of the Index should enable

more investors to participate in the

market, thereby promoting liquidity in

the market place.17 At any time within

60 days of the filing of the proposed rule

change, the Commission may summarily

abrogate such rule change if it appears

to the Commission that such action is

necessary or appropriate in the public

interest, for the protection of investors,

or otherwise in furtherance of the

purposes of the Act.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing,

including whether the proposed rule

change is consistent with the Act.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington DC 20549–0609. Copies of

the submission, all subsequent

amendments, all written statements

with respect to the proposed rule

change that are filed with the

Commission, and all written

communications relating to the

proposed rule change between the

Commission and any person, other than

those that may be withheld from the

public in accordance with the

provisions of 5 U.S.C. 552, will be

available for inspection and copying in

the Commission’s Public Reference

Room. Copies of such filing also will be

available for inspection and copying at

the principal office of the Phlx. All

submissions should refer to File No.

SR–Phlx–00–11 and should be

submitted by June 22, 2000.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.18

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–13672 Filed 5–31–00; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[License No. 01/01–0285]

Capital Resource Company of

Connecticut; Notice of Surrender of

License

Notice is hereby given that Capital

Resource Company of Connecticut

(‘‘CRC’’), Two Bridgewater Road,

Farmington, Connecticut 06032–2256,

has surrendered its license to operate as

a small business investment company

under the Small Business Investment

Act of 1958, as amended (the ‘‘Act’’).

CRC was licensed by the U.S. Small

Business Administration on March 23,

1977.

Under the authority vested by the Act

and pursuant to the regulations

promulgated thereunder, the surrender

of the license was accepted on April 5,

2000, and accordingly, all rights,

privileges, and franchises derived

therefrom have been terminated.

35154 Federal Register / Vol. 65, No. 106 / Thursday, June 1, 2000 / Notices

(Catalog of Federal Domestic Assistance

Program No. 59.011, Small Business

Investment Companies)

Dated: May 23, 2000.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 00–13600 Filed 5–31–00; 8:45 am]

BILLING CODE 8025–01–P

SOCIAL SECURITY ADMINISTRATION

Agency Information Collection

Activities: Proposed Request and

Comment Request

In compliance with Public Law 104–

13, the Paperwork Reduction Act of

1995, SSA is providing notice of its

information collections that require

submission to the Office of Management

and Budget (OMB). SSA is soliciting

comments on the accuracy of the

agency’s burden estimate; the need for

the information; its practical utility;

ways to enhance its quality, utility and

clarity; and on ways to minimize burden

on respondents, including the use of

automated collection techniques or

other forms of information technology.

I. The information collections listed

below will be submitted to OMB within

60 days from the date of this notice.

Therefore, comments and

recommendations regarding the

information collections would be most

useful if received by the Agency within

60 days from the date of this

publication. Comments should be

directed to the SSA Reports Clearance

Officer at the address listed at the end

of this publication. You can obtain a

copy of the collection instruments by

calling the SSA Reports Clearance

Officer on (410) 965–4145, or by writing

to him at the address listed at the end

of this publication.

1. Request for Withdrawal of

Application—0960–0015. Form SSA–

521 is completed by the Social Security

Administration (SSA) when an

individual wishes to withdraw his or

her application for Social Security

benefits. The respondents are

individuals who wish to withdraw their

applications for benefits.

Number of Respondents: 100,000.

Frequency of Response: 1.

Average Burden Per Response: 5

minutes.

Estimated Annual Burden: 8,333

hours.

2. Statement of Self-Employment

Income—0960–0046. SSA uses the

information on Form SSA–766 to

expedite the payment of Social Security

Benefits to an individual who is selfemployed and who is establishing

insured status in the current year. The

respondents are self-employed persons.

Number of Respondents: 5,000.

Frequency of Response: 1.

Average Burden Per Response: 5

minutes.

Estimated Annual Burden: 417 hours.

3. Certification by Religious Group—

0960–0093. The data that SSA collects

via form SSA–1458 will be used to

determine if the religious group meets

the qualifications set out in section

1402(g) of the Internal Revenue Code

permitting its members to be exempt

from payment of certain Social Security

taxes. The respondents are

spokespersons for a religious group or

sect.

Number of Respondents: 180.

Frequency of Response: 1.

Average Burden Per Response: 15

minutes.

Estimated Annual Burden: 45 hours.

4. You Can Make Your Payment by

Credit Card—0960–0462. Forms SSA–

4588 and SSA–4589 provide

information to SSA on the debtor’s

name, Social Security Number, credit

card number, the amount being paid

and the credit card type so that a

remittance can be credited to the

debtor’s account. The respondents are

Title II (Old-Age, Survivors and

Disbility Insurance) and Title XVI

(Supplemental Security Income)

debtors; and citizens requesting material

through SSA.

Number of Respondents: 19,000.

Frequency of Response: 1.

Average Burden Per Response: 5

minutes.

Estimated Annual Burden: 1,583

hours.

5. Statement Regarding

Contributions—0960–0020. To

determine eligibility of child applicants

to Social Security benefits, SSA must

collect information about the source of

support and the amount of

contributions. SSA uses the form SSA–

783 for this purpose. The respondents

are individuals who provide

information to SSA about the child’s

sources of support.

Number of Respondents: 30,000.

Frequency of Response: 1.

Average Burden Per Response: 15

minutes.

Estimated Annual Burden: 7,500

hours.

II. The information collections listed

below have been submitted to OMB for

clearance. Written comments and

recommendations on the information

collections would be most useful if

received within 30 days from the date

of this publication. Comments should be

directed to the SSA Reports Clearance

Officer and the OMB Desk Officer at the

addresses listed at the end of this

publication. You can obtain a copy of

the OMB clearance packages by calling

the SSA Reports Clearance Officer on

(410) 965–4145, or by writing to him.

Statement of Claimant or Other

Person—0960–0045. In special

situations when there is no standard

form or questionnaire, Form SSA–795 is

used by SSA to obtain information from

claimants or other persons having

knowledge of facts in connection with

claims for Social Security or

Supplementary Supplemental Security

Income. The information collected is

used to process claims for benefits. The

respondents are applicants for

SocialSecurity or Supplemental

Security Income benefits.

Number of Respondents: 305,500.

Frequency of Response: 1.

Average Burden Per Response: 15

minutes.

Estimated Annual Burden: 76,375

hours.

(SSA Address) Social Security

Administration, DCFAM, Attn:

Frederick W. Brickenkamp, 6401

Security Blvd., Baltimore, MD 21235

(OMB Address) Office of Management

and Budget, OIRA, Attn: Desk Officer

for SSA, New Executive Office

Building, Room 10230, 725 17th St.,

NW, Washington, DC 20503

Dated: May 25, 2000.

Frederick W. Brickenkamp,

Reports Clearance Officer, Social Security

Administration.

[FR Doc. 00–13608 Filed 5–31–00; 8:45 am]

BILLING CODE 4191–02–P

TENNESSEE VALLEY AUTHORITY

Routine Maintenance of Electric

Generating Stations

AGENCY: Tennessee Valley Authority

(TVA).

ACTION: Notice of availability.

SUMMARY: TVA is announcing the

availability of a technical report,

Routine Maintenance of Electric

Generating Stations (February 2000).

This report describes common practices

on the TVA electric power system and

elsewhere in the electric utility industry

that are necessary to maintain the

efficiency, reliability, and availability of

steam electric generating units.

ADDRESSES: A copy of this report may be

obtained by contacting Jerry L. Golden

at (423) 751–6779; email address:

jlgolden@tva.gov. TVA is currently

planning on posting this report on

TVA’s website www.tva.gov.