Federal Register / Vol. 65, No. 122 / Friday, June 23, 2000 / Notices 39217

3See Securities Exchange Act Release No. 42606

(March 31, 2000), 65 FR 18415 (April 7, 2000) (SR–

NYSE–00–10).

4 15 U.S.C. 78f.

5 15 U.S.C. 78f(b)(4). 6 17 CFR 200.30–3(a)(12).

proposed rule change from interested

persons.

Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The Exchange proposes to amend

Paragraph 902.02 of the Exchange’s

Listed Company Manual (the

‘‘Manual’’). Paragraph 902.02 of the

Manual contains the schedule of current

listing fees for companies listing

securities on the Exchange. The text of

the proposed rule change is as follows.

New text is italicized.

902.02 Schedule of Current Listing Fees

* * * * *

A. Original Listing Fee

A special charge of $36,800 in

addition to initial fees (described below)

is payable in connection with the

original listing of a company’s stock. In

any event, each issuer (excluding

closed-end funds) is subject to a

minimum original listing fee of

$150,000 inclusive of the special charge

referenced in the proceeding sentence.

Closed-end funds are subject to a

minimum original listing fee based upon

the number of shares outstanding as

follows:

Up to 10 million shares—$100,000

Up to 24 million shares—125,000

Over 24 milllion shares—150,000

Minimum fees include the one time

special charge of $36,800.

The special charge is also applicable

to an application which in the opinion

of the Exchange is a ‘‘back-door listing’’.

See Para. 703.08 (F) for definition.

* * * * *

Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission, the

Exchange included statements

concerning the purpose of, and basis for,

the proposed rule change and discussed

any comments it received on the

proposed rule change. The text of these

statements may be examined at the

places specified in Item IV below. The

Exchange has prepared summaries set

forth in Sections A, B, and C below of

the most significant aspects of such

statements.

A. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

1. Purpose

The proposed rule change amends the

listed company fee schedule, set forth in

Paragraph 902.02 of the Manual, as it

applies to original listing fees. The

Exchange seeks to adopt a minimum

original listing fee for each new closedend funding depending upon the

number of shares offered. As proposed,

closed-end funds would be subject to a

minimum oringial listing fee based

upon the number of shares outstanding

as follows: up to 10 million shares—

$100,000; up to 24 million shares—

$125,000; and over 24 million shares—

$150,000. This minimum would

included the Exchange’s one-time

special charge of $36,800.

The Exchange recently received

approval for a minimum fee that

specifically excluded closed-end funds

in anticipation of this filing because

such funds, unlike corporations, do not

issue additional shares of securities.3

Thus, the Exchange felt it would be

inappropriate to apply the same criteria

to closed-end funds.

2. Statutory Basis

For these reasons, the Exchange

believes that the propsoed rule change

is consistent with Section 6 of the Act,4

in general, and with Section 6(b)(4),5 in

particular, in that it provides for the

equitable allocation of reasonable dues,

fees and other charges among its

members and issuers and other persons

using its facilities.

Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange believes that the

proposed rule change will not impose

any burden on competition that is not

necessary or appropriate in furtherance

of the purposes of the Act.

Self-Regulatory Organization’s

Statement on the Proposed Rule Change

Received From Members, Participants or

Others

The Exchange has neither solicited

nor received written comments on the

proposed rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within 35 days of the date of

publication of this notice in the Federal

Register or within such longer period (i)

as the Commission may designate up to

90 days of such date if it finds such

longer period to be appropriate and

publishes its reasons for so finding or

(ii) as to which the self-regulatory

organization consents, the Commission

will:

(A) by order approve the proposed

rule change, or

(B) institute proceedings to determine

whether the proposed rule change

should be disapproved.

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 N.W.,

Washington, D.C. 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 will also be

available for inspection and copying at

the principal office of the NYSE. All

submissions should refer to File No.

SR–NYSE–00–20 and should be

submitted by July 24, 2000.

For the Commission, by the Division

of Market Regulation, pursuant to

delegated authority.6

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–15878 Filed 6–22–00; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Reporting and Recordkeeping

Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: Notice of reporting requirements

submitted for OMB review.

SUMMARY: Under the provisions of the

Paperwork Reduction Act (44 U.S.C.

Chapter 35), agencies are required to

submit proposed reporting and

recordkeeping requirements to OMB for

review and approval, and to publish a

notice in the Federal Register notifying

the public that the agency has made

such a submission.

DATES: Submit comments on or before

July 24, 2000. If you intend to comment

39218 Federal Register / Vol. 65, No. 122 / Friday, June 23, 2000 / Notices

but cannot prepare comments promptly,

please advise the OMB Reviewer and

the Agency Clearance Officer before the

deadline.

Copies: Request for clearance (OMB

83–1), supporting statement, and other

documents submitted to OMB for

review may be obtained from the

Agency Clearance Officer.

ADDRESSES: Address all comments

concerning this notice to: Agency

Clearance Officer, Jacqueline White,

Small Business Administration, 409 3rd

Street, SW, 5th Floor, Washington, DC

20416; and OMB Reviewer, Office of

Information and Regulatory Affairs,

Office of Management and Budget, New

Executive Office Building, Washington,

DC 20503.

FOR FURTHER INFORMATION CONTACT:

Jacqueline White, Agency Clearance

Officer, (202) 205–7044.

SUPPLEMENTARY INFORMATION:

Title: Pre-Disaster Mitigation Small

Business Loan Application.

No: 5M.

Frequency: On Occasion.

Description of Respondents: Business

Applicants for the pre-disaster

mitigation loan program.

Annual Responses: 2,500.

Annual Burden: 5,000.

Jacqueline White,

Chief, Administrative Information Branch.

[FR Doc. 00–15922 Filed 6–22–00; 8:45 am]

BILLING CODE 8025–01–P

SOCIAL SECURITY ADMINISTRATION

Statement of Organization, Functions

and Delegations of Authority

This statement amends part S of the

Statement of the Organization,

Functions and Delegations of Authority

which covers the Social Security

Administration (SSA). Chapter S9

covers the Office of the General Counsel

(OGC). Notice is given that the current

divisions are being elevated to officelevel components. There also will be

minor organizational and functional

changes within OGC. The changes are as

follows:

Section S9.00 The Office of the

General Counsel—(Mission):

Amend to read as follows:

The General Counsel, as special

advisor to the Commissioner on legal

matters, is responsible for providing all

legal services and advice to the

Commissioner, Deputy Commissioner

and all subordinate organizational

components (except OIG) of SSA in

connection with the operation and

administration of SSA.

Section S9.10 The Office of the

General Counsel—(Organization)

Retitle:

C. The Immediate Office of the General

Counsel (S9A)

1. The Deputy General Counsel

(Regional Operations) (S9A–1) to The

Deputy General Counsel (S9A–1).

Delete:

2. The Inspector General Staff (S9A–

2).

Add:

2. The Executive Operations Staff

(S9A–3).

Retitle:

D. The Division of General Law (S9B) to

The Office of General Law (S9B).

E. The Division of Litigation (S9C) to

The Office of Program Litigation (S9C).

F. The Division of Policy and

Legislation (S9E) to The Office of

Program Law (S9E).

Section S9.20 The Office of the

General Counsel—(Functions):

Retitle:

C. The Immediate Office of the General

Counsel (S9A)

1. The Deputy General Counsel

(Regional Operations) (S9A–1) to The

Deputy General Counsel (S9A–1).

Amend as follows:

C. The Immediate Office of the

General Counsel (S9A) includes the

Deputy General Counsel (S9A–1) and

the Executive Operations Staff (S9A–3).

1. The Deputy General Counsel (S9A–

1) assists the General Counsel and the

Principal Deputy General Counsel in

carrying out their responsibilities and

performs other duties as the General

Counsel may prescribe. In the event of

the absence or disability of both the

General Counsel and the Principal

Deputy General Counsel, the Deputy

General Counsel acts for the General

Counsel unless the Commissioner

directs otherwise.

Delete in its entirety:

2. The Inspector General Staff (S9A–

2).

Add:

2. The Executive Operations Staff

(S9A–3) provides internal

organizational planning, management

analysis and review, staff support and

assistance to the General Counsel,

Principal Deputy General Counsel,

Deputy General Counsel, OGC Executive

Staff, OGC Executive Officer and other

OGC managers. Plans, develops and

coordinates OGC’s financial, personnel

and administrative management

activities and programs for OGC

headquarters and regional offices. Plans,

directs and provides day-to-day

operational support services on all areas

of administrative, budget, space and

facilities, communications, and systems

management. Identifies, coordinates and

implements OGC’s training program.

Formulates, justifies, and presents

annual and multi year budget

submissions. Controls the collection,

recording and reporting of all financial,

personnel, and administrative data in

connection with budget and staffing

formulation and executive functions.

Retitle and amend as follows:

D. The Division of General Law (S9B) to

The Office of General Law (S9B).

1. Provides legal services on business

management activities and

administrative operations throughout

SSA, including procurement,

contracting, patents, copyrights, budget,

appropriations, personnel, adverse

employment actions, employment

discrimination, compensation, travel,

personnel and tort claims by and against

SSA, electronic service delivery, labormanagement relations and Touhy

requests.

2. Provides legal services and advice

regarding SSA’s civil defense, civil

rights and security programs as well as

for SSA’s administration of the Freedom

of Information and Privacy Acts and

Computer Matching Agreements.

Provides liaison with the Department of

Justice on administering the Freedom of

Information and Privacy Acts. Liaisons

with the Comptroller General.

4. Assists SSA components with the

development and implementation of

ethics training, provides liaison with the

White House Office of Counsel and the

Office of Government Ethics on ethics

matters.

E. The Division of Litigation (S9C) to

The Office of Program Litigation (S9C).

1. Furnishes legal support and

litigation related advice in both

administrative and court litigation in

connection with the operations and

administration by SSA of the various

programs administered by SSA under

the Social Security Act and of other

programs which do not fall within the

jurisdiction of the Office of General

Law.

F. The Division of Policy and

Legislation (S9E) to The Office of

Program Law (S9E).

1. Furnishes nonlitigation legal

services and advice in connection with

the operations and administration of the

various programs administered by SSA

under the Social Security Act and of

other programs and areas which do not

fall within the jurisdiction of the Office

of General Law.

3. Drafts or reviews proposed

testimony of SSA officials before