Federal Register / Vol. 62, No. 194 / Tuesday, October 7, 1997 / Notices 52365

1 15 U.S.C. § 78s(b)(1).

2 17 CFR 240.19b–4.

3Bids and offers in stocks with prices of less than

$.25 per share may be varied by as little as 1/32 of

$1.00 per share.

4The Commission notes that the CBOE does not

currently trade stocks. However, the Commission

notes that the CBOE does trade equity derivative

products that will be affected by the rule change;

those products include equity (and equity index)

linked notes and index warrants.

5 In 1995, the Commission approved an

expansion of sixteenths trading to permit all CBOE

securities selling under $10.00 to trade in

sixteenths. (Securities selling under $.25 could be

traded in variations of 1⁄32 of $1.00.) See Securities

Exchange Act Release No. 35538 (Mar. 27, 1995), 60

FR 16895 (April 3, 1995) (order approving SR–

CBOE–95–18). Prior to the approval of that filing,

sixteenths trading was permitted for securities

selling under $5.00 and above $.25.

Week of October 27—Tentative

Wednesday, October 29

10:00 a.m. Briefing on Proposed Steam

Generator Generic Letter and

Regulatory Guide (Public Meeting)

11:30 a.m. Affirmation Session (Public

Meeting) (if needed)

1:00 p.m. Briefing on Site

Decommissioning Plan (SDMP)

(Public Meeting)

Note: The schedule for Commission

meetings is subject to change on short notice.

To verify the status of meetings call

(recording)—(301) 415–1292.

CONTACT PERSON FOR MORE INFORMATION:

Bill Hill (301) 415–1661.

The NRC Commission Meeting

Schedule can be found on the Internet

at: http://www.nrc.gov/SECY/smj/

schedule.htm

This notice is distributed by mail to

several hundred subscribers; if you no

longer wish to receive it, or would like

to be added to it, please contact the

Office of the Secretary, Attn: Operations

Branch, Washington, D.C. 20555 (301–

415–1661).

In addition, distribution of this

meeting notice over the Internet system

is available. If you are interested in

receiving this Commission meeting

schedule electronically, please send an

electronic message to wmh@nrc.gov or

dkw@nrc.gov.

Dated: October 3, 1997.

William M. Hill, Jr.,

SECY Tracking Officer, Office of the

Secretary.

[FR Doc. 97–26691 Filed 10–3–97; 2:37 pm]

BILLING CODE 7590–01–M

OFFICE OF PERSONNEL

MANAGEMENT

The National Partnership Council

AGENCY: Office of Personnel

Management.

ACTION: Notice of meeting.

Time and Date: 2:00 p.m., October 8,

1997.

Place: Carrier Ballroom, 2nd Floor,

Statler Hotel, 11 East Avenue, Ithaca,

New York. The Statler Hotel is located

on the Cornell University campus,

directly adjacent to the School of

Industrial and Labor Relations.

Status: This meeting will be open to

the public. Seating will be available on

a first-come, first-served basis.

Individuals with special access needs

wishing to attend should contact OPM

at the number shown below to obtain

appropriate accommodations.

Matters To Be Considered: During a

half-day skills-building session, the

National Partnership Council members

and faculty from Cornell’s renowned

School of Industrial and Labor Relations

will present an overview of the life

cycle of partnerships. Participants will

hear about and discuss lessons learned

and best practices in sustaining

partnerships.

CONTACT PERSON FOR MORE INFORMATION:

Michael Cushing, Director, Center for

Partnership and Labor-Management

Relations, Office of Personnel

Management, Theodore Roosevelt

Building, 1900 E Street, NW., Room

7H28, Washington, DC 20415–0001,

(202) 606–2930.

SUPPLEMENTARY INFORMATION: We invite

interested persons and organizations to

submit written comments. Mail or

deliver your comments to Michael

Cushing at the address shown above.

Office of Personnel Management.

Janice R. Lachance,

Acting Director.

[FR Doc. 97–26458 Filed 10–6–97; 8:45 am]

BILLING CODE 6325–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–39159; File No. SR–CBOE–

97–46]

Self-Regulatory Organizations; Notice

of Filing and Order Granting

Accelerated Approval of Proposed

Rule Change by the Chicago Board

Options Exchange, Incorporated

Relating to Fractional Changes to Bids

and Offers in Stocks

September 30, 1997.

Pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on

September 11, 1997, the Chicago Board

Options Exchange, Incorporated

(‘‘CBOE’’ or ‘‘Exchange’’) filed with the

Securities and Exchange Commission

(‘‘SEC’’ or ‘‘Commission’’) the proposed

rule change as described in Items I, II,

and III below, which Items have been

prepared by the self-regulatory

organization. The Commission is

publishing this notice to solicit

comments from interested persons and

to grant accelerated approval to the

proposed rule change.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The Exchange proposes to amend

CBOE Rule 30.33, which governs the

permissible fractional variation for bids

or offers in stocks. The text of the

proposed rule change is available at the

Office of the Secretary, CBOE and at the

Commission.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission, the

self-regulatory organization 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 III below.

The self-regulatory organization 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 Exchange proposes to amend its

rules to expand the number of CBOE

securities traded in sixteenths, i.e., 1⁄16

of $1.00, to include all securities trading

above $.25 per share.3 Exchange Rule

30.33, Fractional Changes for Bids and

Offers, currently requires bids and offers

in stocks (and other instruments that

may be traded on the Exchange and to

which Chapter 30 of the CBOE rules

applies) 4 with a price of $10.00 or less

to be made at a variation of at least 1⁄16

of $1.00.5

The change will, therefore, affect the

bidding and offering in covered

securities selling over $10.00 per share.

The Exchange believes that by

increasing the number of stocks and

other instruments eligible to be traded

in sixteenths, the Exchange will be

better able to compete for listings in

instruments, such as warrants. In fact,

the Exchange’s proposal is identical to

a proposal of the American Stock