Federal Register / Vol. 62, No. 249 / Tuesday, December 30, 1997 / Notices 67925

For copies of this proposal, contact

Jim Farron on (202) 418–3208, or E-mail

to jmfarron@opm.gov

DATES: Comments on this proposal

should be received by March 2, 1998.

ADDRESSES: Send or deliver comments

to: Lorraine E. Dettman, Chief,

Operations Support Division,

Retirement and Insurance Service, U.S.

Office of Personnel Management, 1900 E

Street, NW, Room 3349, Washington,

DC 20415.

FOR INFORMATION REGARDING

ADMINISTRATIVE COORDINATION—CONTACT:

Mary Beth Smith-Toomey, Budget &

Administrative Services Division, (202)

606–0623.

U.S. Office of Personnel Management.

Janice R. Lachance,

Director.

[FR Doc. 97–33878 Filed 12–29–97; 8:45 am]

BILLING CODE 6325–01–M

OFFICE OF PERSONNEL

MANAGEMENT

Proposed Collection; Comment

Request for Revision of Information

Collection: Form RI 20–63

AGENCY: Office of Personnel

Management.

ACTION: Notice.

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995 (Pub.

L. 104–13, May 22, 1995), this notice

announces that the Office of Personnel

Management will submit to the Office of

Management and Budget a request for

reclearance of the following information

collection. RI 20–63, Survivor Annuity

Election for a Spouse, is an enclosure

covered by a letter explaining why OPM

is sending the form and is used by the

Civil Service Retirement System (CSRS)

to provide information and a survivor

benefits election opportunity to

annuitants who have notified the CSRS

that they have married.

There are estimated to be 2,400

respondents for RI 20–63 and 200 for

the cover letter. It is estimated to take

45 minutes to complete the form with a

burden of 1,800 hours and 10 minutes

to complete the letter, which gives a

burden of 34 hours. The total burden for

RI 20–63 is 1,834 hours.

Comments are particularly invited on:

—whether this collection of information

is necessary for the proper

performance of functions of the Office

of Personnel Management, and

whether it will have practical utility;

—whether our estimate of the public

burden of this collection of

information is accurate, and based on

valid assumptions and methodology;

and

—ways in which we can minimize the

burden of the collection of

information on those who are to

respond, through the use of

appropriate technological collection

techniques or other forms of

information technology.

For copies of this proposal, contact

Jim Farron on (202) 418–3208, or E-mail

to jmfarron@mail.opm.gov

DATES: Comments on this proposal

should be received by March 2, 1998.

ADDRESSES: Send or deliver comments

to—Lorraine E. Dettman, Chief,

Operations Support Division,

Retirement and Insurance Service, U.S.

Office of Personnel Management, 1900 E

Street, NW, Room 3349, Washington,

DC 20415–0001.

FOR INFORMATION REGARDING

ADMINISTRATIVE COORDINATION—CONTACT:

Mary Beth Smith-Toomey, Budget &

Administrative Service Division, (202)

606–0623.

U.S. Office of Personnel Management.

Janice R. Lachance,

Director.

[FR Doc. 97–33880 Filed 12–29–97; 8:45 am]

BILLING CODE 6325–01–M

OFFICE OF PERSONNEL

MANAGEMENT

Proposed Collection; Comment

Request for Revision of Information

Collection: Forms RI 20–64 and RI 20–

64A

AGENCY: Office of Personnel

Management.

ACTION: Notice.

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995 (Pub.

L. 104–13, May 22, 1995), this notice

announces that the Office of Personnel

Management intends to submit to the

Office of Management and Budget a

request for revision of the following

information collection. RI 20–64,

Former Spouse Survivor Annuity

Election, is used by the Civil Service

Retirement System to provide

information about the amount of

annuity payable after a survivor

reduction and obtain a survivor benefits

election form from annuitants who are

eligible to elect to provide survivor

benefits for a former spouse. RI 20–64A,

Information On Electing A Survivor

Annuity For Your Former Spouse, is a

pamphlet that provides important

information to retirees under the Civil

Service Retirement System who want to

provide a survivor annuity for a former

spouse.

Approximately 30 RI 20–64 forms are

completed annually. Each form takes

about 45 minutes to complete. The

annual estimated burden is 23 hours.

Comments are particularly invited on:

—whether this collection of information

is necessary for the proper

performance of functions of the Office

of Personnel Management, and

whether it will have practical utility;

—whether our estimate of the public

burden of this collection of

information is accurate, and based on

valid assumptions and methodology;

and

—ways in which we can minimize the

burden of the collection of

information on those who are to

respond, through the use of

appropriate technological collection

techniques or other forms of

information technology.

For copies of this proposal, contact

Jim Farron on (202) 418–3208, or E-mail

to jmfarron@mail.opm.gov.

DATES: Comments on this proposal

should be received by March 2, 1998.

ADDRESSES: Send or deliver comments

to—Lorraine E. Dettman, Chief,

Operations Support Division,

Retirement and Insurance Service, U.S.

Office of Personnel Management, 1900 E

Street, NW, Room 3349, Washington,

DC 20415–0001.

FOR INFORMATION REGARDING

ADMINISTRATIVE COORDINATION CONTACT:

Mary Beth Smith-Toomey, Budget &

Administrative Service Division, (202)

606–0623.

U.S. Office of Personnel Management.

Janice R. Lachance,

Director.

[FR Doc. 97–33881 Filed 12–29–97; 8:45 am]

BILLING CODE 6325–01–M

OFFICE OF PERSONNEL

MANAGEMENT

Submission for OMB Review;

Comment Request for Review of a

Revised and Expiring Information

Collection: Form RI 95–4

AGENCY: Office of Personnel

Management.

ACTION: Notice.

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995 (Pub.

L. 104–103, May 22, 1995), this notice

announces that the Office of Personnel

Management (OPM) has submitted to

the Office of Management and Budget a

request for review of a revised &

expiring information collection. RI 95–
67926 Federal Register / Vol. 62, No. 249 / Tuesday, December 30, 1997 / Notices

4, Marital Information Required of

Refund Applicants for Federal

Employees Retirement System (FERS),

is used by OPM to pay refunds of

retirement contributions when the

information is not included on the SF

3106, Application for Refund for

Retirement Deductions (FERS). To pay

these benefits, all applicants for refund

must provide information to OPM about

their marital status and whether any

spouse(s) or former spouse(s) have been

informed of the proposed refund.

Approximately 100 RI 95–4 forms will

be completed annually. We estimate it

takes approximately 30 minutes to

complete the form. The annual burden

is 50 hours.

For copies of this proposal, contact

Jim Farron on (202) 418–3208, or E-mail

to jmfarron@opm.gov

DATES: Comments on this proposal

should be received by January 29, 1998.

ADDRESSES: Send or deliver comments

to—

John C. Crawford, Chief, FERS Division,

Retirement and Insurance Service,

U.S. Office of Personnel Management,

1900 E Street, NW, Room 3313,

Washington, DC 20415

and

Joseph Lackey, OPM Desk Officer,

Office of Information & Regulatory

Affairs, Office of Management &

Budget, New Executive Office

Building, NW, Room 10235,

Washington, DC 20503

FOR INFORMATION REGARDING

ADMINISTRATIVE COORDINATION—CONTACT:

Mary Beth Smith-Toomey, Budget &

Administrative Services Division, (202)

606–0623.

U.S. Office of Personnel Management.

Janice R. Lachance,

Director.

[FR Doc. 97–33879 Filed 12–29–97; 8:45 am]

BILLING CODE 6325–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–39467; File No. SR–CBOE–

97–42]

Self-Regulatory Organizations; Notice

of Filing of Proposed Rule Change By

the Chicago Board Options Exchange,

Incorporated Relating to Proactive

Disclosure of ‘‘n’’ Orders

December 19, 1997.

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

Securities Exchange Act of 1934, 15

U.S.C. 78s(b)(1), notice is hereby given

that on August 25, 1997, the Chicago

Board Options Exchange, Incorporated

(‘‘CBOE or Exchange’’) filed with the

Securities and Exchange Commission

(‘‘Commission’’) the proposed rule

change as described in Items I, II, and

III below, which Items have been

prepared by the CBOE. The Commission

is publishing this notice to solicit

comments on the proposed rule change

from interested persons.

1. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The CBOE proposes to amend

Exchange Rule 7.5 (‘‘Rule’’) regarding

disclosure obligations for ‘‘n’’ orders by

adding Interpretation .04. An ‘‘n’’ order

as defined in Rule 6.51 is an order for

any account of a non-member marketmaker or specialist relating to his

assignment in a class of options listed

for trading both at this Exchange and at

the exchange of the market-maker or

specialist. The text of the proposed rule

change is available at the Office of the

Secretary, CBOE, and 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

CBOE 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 CBOE has

prepared summaries, set forth in

sections A, B, and C below, of the most

significant parts of such statements.

A. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

The purpose of the proposed rule

change is to require a Floor Broker who

holds a so-called ‘‘n’’ order to

affirmatively disclose the status of the

‘‘n’’ order as such by public outcry at

the post prior to representing the order

in the trading crowd. An ‘‘n’’ order is

defined in Rule 6.51 as an order for the

account of a broker-dealer who is a nonmember market-maker or specialist

relating to his assignment in a class of

options listed on CBOE and on another

exchange. Disclosing the status of orders

as ‘‘n’’ orders will make the trading

crowd aware that the orders are brokerdealer orders and not public customer

orders, so that they may be properly

treated under CBOE Rules that give

preferential treatment to non-brokerdealer public customer orders. For

example, Rule 6.45 gives priority to

non-broker-dealer public customer bids

and offers in the customer limit order

book over other bids and offers at the

same price, and Rule 8.51 provides that

a trading crowd’s firm quote obligations

apply to non-broker-dealer public

customer orders only. Requiring the

identification of ‘‘n’’ orders as brokerdealer orders should reduce the

likelihood that such orders will be

inadvertently treated as public customer

orders, thereby assuring that actual

public customer orders will receive the

priorities to which they are entitled

under the Rules.

By requiring the affirmative

disclosure of a category of broker-dealer

orders that might otherwise by

mistakenly identified as orders of public

customers, the proposed rule change

will safeguard the priorities granted

under CBOE Rules to the orders of nonbroker-dealer public customers, thereby

serving to promote just and equitable

principles of trade and to protect

investors and the public interest in

furtherance of the objectives of Section

6(b)(5) of the Securities Exchange Act of

1934.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The CBOE does not believe that the

proposed rule change will impose any

burden on competition.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received from

Members, Participants, or Others

No written comments were solicited

or received with respect to 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 such 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.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, N.W.,