8244 Federal Register / Vol. 72, No. 36 / Friday, February 23, 2007 / Notices 

19 In approving this proposal, the Commission has 

considered its impact on efficiency, competition, 

and capital formation. See 15 U.S.C. 78c(f). 

20 15 U.S.C. 78f(b)(5). 

21See Securities Exchange Act Release Nos. 

31382, 51619 and 53191, supra at note 6. 

22 15 U.S.C. 78s(b)(2). 

23 17 CFR 200.30–3(a)(12). 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–Phlx–2006–65. This file 

number should be included on the 

subject line if e-mail is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). 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 Exchange. All 

comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–Phlx–2006–65 and should 

be submitted on or before March 16, 

2007. 

IV. Commission’s Findings and Order 

Granting Accelerated Approval of 

Proposed Rule Change 

The Commission finds that the 

proposed rule change, as amended, is 

consistent with the requirements of the 

Act and the rules and regulations 

thereunder applicable to a national 

securities exchange.19 In particular, the 

Commission believes that the proposal 

is consistent with Section 6(b)(5) of the 

Act,20 which requires that the rules of 

an exchange be designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, to remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system, and in 

general to protect investors and the 

public interest. 

The Commission notes that it 

previously has found that the listing and 

trading on the CBOE, the ISE and the 

Amex of options on the Russell 2000

Index, and those exchanges’ position 

and exercise limits applicable to such 

options, are consistent with the Act.21

The Phlx has proposed substantially 

similar contract specifications for these 

options, as well as identical position 

and exercise limits for these options. 

The Commission finds nothing that 

would cause it to revisit those earlier 

findings or prohibit the listing and 

trading of these options on the Phlx. 

As noted above, the Russell 2000

Index is designed to represent a broad 

segment of the U.S. equity securities 

market. Furthermore, the Phlx has 

represented that it would notify the 

Commission if: (i) The number of 

securities in the index drops by onethird or more; (ii) 10% or more of the 

weight of the index is represented by 

component securities having a market 

value of less than $75 million; (iii) less 

than 80% of the weight of the index is 

represented by component securities 

that are eligible for options trading 

pursuant to Phlx Rule 1009; (iv) 10% or 

more of the weight of the index is 

represented by component securities 

trading less than 20,000 shares per day; 

or (v) the largest component security in 

the index accounts for more than 15% 

of the weight of the index, or the largest 

five components in the aggregate 

account for more than 50% of the 

weight of the index. 

In approving this proposal, the 

Commission has specifically relied on 

the following representations made by 

the Exchange: 

1. The Exchange would notify the 

Division immediately if Russell ceases 

to maintain or calculate the Russell 

2000 Index on which Phlx is proposing 

to list and trade options, or if the full 

or reduced value of the Russell 2000

Index is not disseminated every 15 

seconds by a widely available source. If 

the Russell 2000 Index ceases to be 

maintained or calculated, or its values 

are not disseminated every 15 seconds 

by a widely available source, the 

Exchange would not list any additional 

series for trading and would limit all 

transactions in options on that index to 

closing transactions only for the 

purpose of maintaining a fair and 

orderly market and protecting investors. 

2. The Exchange has an adequate 

surveillance program in place for the 

proposed options on the Russell 2000

Index. 

3. The additional quote and message 

traffic that will be generated by listing 

and trading the proposed options on the 

Russell 2000 Index, including full 

value LEAPS on the Russell 2000

Index, will not exceed the Exchange’s 

current message capacity allocated by 

the Independent System Capacity 

Advisor. 

The Commission further notes that, in 

approving this proposal, it relied on the 

Exchange’s discussion of how Russell 

currently calculates the Russell 2000

Index. If the manner in which the 

Russell 2000 Index is calculated were 

to change substantially, this approval 

order might no longer be effective. 

The Commission finds good cause for 

approving this proposal before the 

thirtieth day after the publication of 

notice thereof in the Federal Register. 

Options on the Russell 2000 Index 

already have been approved for listing 

and trading on other exchanges and are 

governed by contract specifications that 

are substantially similar to those 

proposed by the Phlx. Therefore, 

accelerating approval of the Exchange’s 

proposal should benefit investors by 

creating, without undue delay, 

additional competition in the market for 

options on the Russell 2000 Index. 

V. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,22 that the 

proposed rule change (SR–Phlx–2006–

65), as modified by Amendment Nos. 2 

and 3, be, and it hereby is, approved on 

an accelerated basis. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.23

Nancy M. Morris, 

Secretary. 

[FR Doc. E7–3089 Filed 2–22–07; 8:45 am] 

BILLING CODE 8010–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 10811] 

Illinois Disaster # IL–00007 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of Illinois (FEMA–1681–DR), 

dated February 9, 2007. 

Incident: Severe Winter Storm. 

Incident Period: November 30, 2006 

through December 1, 2006. 

Effective Date: February 9, 2007. 

Physical Loan Application Deadline 

Date: April 10, 2007. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 


cprice-sewell on PROD1PC61 with NOTICES
Federal Register / Vol. 72, No. 36 / Friday, February 23, 2007 / Notices 8245 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

US Small Business Administration, 409 

3rd Street SW., Suite 6050, Washington, 

DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

February 9, 2007, Private Non-Profit 

organizations that provide essential 

services of a governmental nature may 

file disaster loan applications at the 

address listed above or other locally 

announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: 

Bond, Calhoun, Christian, De Witt, 

Fayette, Jersey, Logan, Macon, 

Macoupin, Madison, Mclean, 

Monroe, Montgomery, Piatt, Saint 

Clair, Sangamon, Shelby, 

Woodford. 

The Interest Rates are: 

Percent 

Other (Including Non-Profit Organizations) With Credit Available 

Elsewhere ................................. 5.250 

Businesses and Non-Profit Organizations Without Credit Available Elsewhere ......................... 4.000 

The number assigned to this disaster 

for physical damage is: 10811. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Roger B. Garland, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E7–3086 Filed 2–22–07; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 10787] 

Missouri Disaster Number MO–00008 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 2. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of Missouri (FEMA–1676–DR), 

dated January 15, 2007. 

Incident: Severe Winter Storms and 

Flooding. 

Incident Period: January 12, 2007 

through January 22, 2007. 

Effective Date: February 9, 2007. 

Physical Loan Application Deadline 

Date: March 16, 2007. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for Private Non-Profit 

organizations in the State of Missouri, 

dated 01/15/2007, is hereby amended to 

include the following areas as adversely 

affected by the disaster. 

Primary Counties: 

Benton, Boone, Cedar, Texas. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008). 

Roger B. Garland, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E7–3087 Filed 2–22–07; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 10812] 

Washington Disaster # WA–00009 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of Washington (FEMA–1682–

DR), dated February 14, 2007. 

Incident: Severe Winter Storms, 

Landslides, and Mudslides. 

Incident Period: December 14, 2006 

through December 15, 2006. 

Effective Date: February 14, 2007. 

Physical Loan Application Deadline 

Date: April 16, 2007. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing And 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

02/14/2007, Private Non-Profit 

organizations that provide essential 

services of a governmental nature may 

file disaster loan applications at the 

address listed above or other locally 

announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: 

Chelan, Clallam, Clark, Grant, Grays 

Harbor, Island, King, Klickitat, 

Lewis, Mason, Pacific, Pend Oreille, 

Pierce, San Juan, Skagit, Skamania, 

Snohomish, Thurston, Wahkiakum. 

The Interest Rates are: 

Percent 

Other (Including Non-Profit Organizations) With Credit Available 

Elsewhere ................................. 5.250 

Businesses and Non-Profit Organizations Without Credit Available Elsewhere ......................... 4.000 

The number assigned to this disaster 

for physical damage is: 10812. 

(Catalog of Federal Domestic Assistance 

Number 59008). 

Roger B. Garland, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E7–3088 Filed 2–22–07; 8:45 am] 

BILLING CODE 8025–01–P 

DEPARTMENT OF STATE 

[Public Notice 5699] 

Bureau of Western Hemisphere Affairs; 

Office of Canadian Affairs; 

Interpretative Guidance on NonPipeline Elements of E.O. 13337, 

amending E.O. 11423 

AGENCY: Department of State. 

ACTION: Notice. 

SUMMARY: Executive Order 11423, of 

August 16, 1968, as amended, 

authorizes the Secretary of State to issue 

Presidential permits for the construction 

of facilities crossing the international 

borders of the United States, including, 

but not limited to, bridges and tunnels 

connecting the United States with 

Canada or Mexico. Section 2(a) of 

Executive Order 13337, dated April 30, 

2004, amended Executive Order 11423, 

inter alia, by authorizing the Secretary 

of State to issue Presidential permits for 

‘‘border crossings for land 

transportation, including motor or rail 

vehicles, to or from a foreign country, 

whether or not in conjunction with the 

facilities’’ to which Executive Order 

11423 previously applied. This new 


cprice-sewell on PROD1PC61 with NOTICES