58592 Federal Register / Vol. 65, No. 190 / Friday, September 29, 2000 / Notices

10 15 U.S.C. 78s(b)(3)(A).

11 17 CFR 240.19b-4(f)(6).

12 15 U.S.C. 78s(b)(3)(A).

13 17 CFR 240.19b-4(f)(6).

14See letter from Mary N. Revell, Assistant

General Counsel, Nasdaq, to Alton Harvey, Office

Chief, Division of Market Regulation, SEC, dated

September 6, 2000. 15 17 CFR 200.30–3(a)(12).

practices, to promote just and equitable

principles of trade, to foster cooperation

and coordination with persons engaged

in regulating, settling, processing

information with respect to, and

facilitating transactions in securities, 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, and not be designed to

permit unfair discrimination between

customers, issuers, brokers, or dealers.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

Nasdaq does not believe that the

proposed rule change will result in any

burden on competition that is not

necessary or appropriate in furtherance

of the purposes of the Act, as amended.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

Written comments were neither

solicited nor received.

II. Date of Effectiveness of the Proposed

Rule Change and Timing for

Commission Action

Because the foregoing proposed rule

change does not significantly affect the

protection of investors or the public

interest; impose any significant burden

on competition; and become operative

for 30 days from the date on which it

was filed, or such shorter time as the

Commission may designate, it has

become effective pursuant to Section

19(b)(3)(A) of the Act 10 and Rule 19b–

4(f)(6) 11 thereunder. At any time within

60 days of the filing of a rule change

pursuant to Section 19(b)(3)(A) of the

Act,12 the Commission may summarily

abrogate the 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.

A proposed rule change filed under

Rule 19b–4(f)(6) 13 normally does not

become operative prior to 30 days after

the date of filing. However, Rule 19b–

4(f)(6)(iii) permits the Commission to

designate a shorter time if such action

is consistent with the protection of

investors and the public interest.

Nasdaq seeks to have the proposed rule

change become operative on or before

September 21, 2000.14

The Commission, consistent with the

protection of investors and the public

interest, has determined to make the

proposed rule change operative on

September 21, 2000. The Commission

notes that the use of the ‘‘.T’’ modifier

proposed by Nasdaq is intended to help

clarify those trades in listed securities

that are executed after normal trading

hours similar to that which is used in

Nasdaq issues and OTC equity issues.

The Commission believes that extending

the use of ‘‘.T’’ to trades executed in

listed securities during extended hours

trading should provide consistency of

after hours trade reporting, which

should help to quell corporate and

investor confusion over the closing

prices of listed securities as determined

at the close of normal market hours.

Based on these reasons, the

Commission believes that it is

consistent with the protection of

investors and the public interest that the

proposed rule change be operative on

September 21, 2000. 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 person 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 will also be

available for inspection and copying at

the principal office of the NASD. All

submissions should refer to File No.

SR–NASD–00–54 and should be

submitted by October 20, 2000.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.15

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–25026 Filed 9–28–00; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3290; Amendment

#1]

State of Montana

In accordance with a notice from the

Federal Emergency Management

Agency, dated September 19, 2000, the

above-numbered Declaration is hereby

amended to include the following

counties and Indian Reservations in the

State of Montana as a disaster area due

to damages caused by wildfires

beginning on July 13, 2000 and

continuing: Big Horn, Blaine, Carter,

Chouteau, Custer, Fallon, Fergus,

Garfield, Golden Valley, Hill, Liberty,

Musselshell, Petroleum, Phillips,

Powder River, Prairie, Rosebud, Toole,

Treasure, and Yellowstone Counties,

and Fort Belknap, Rocky Boy’s, Crow,

and Northern Cheyenne Indian

Reservations.

In addition, applications for economic

injury loans from small businesses

located in the following contiguous

counties may be filed until the specified

date at the previously designated

location: Dawson, McCone, Valley, and

Wibaux Counties in Montana; Campbell,

Crook, and Sheridan Counties in

Wyoming; Bowman, Golden Valley, and

Slope Counties in North Dakota; and

Butte and Harding Counties in South

Dakota. Any counties contiguous to the

above-named primary counties and not

listed herein have been previously

declared.

The economic injury number for the

State of North Dakota is 9I8800 and for

South Dakota the number is 9I8900.

All other information remains the

same, i.e., the deadline for filing

applications for physical damage is

October 29, 2000 and for economic

injury the deadline is May 30, 2001.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008.)

Dated: September 21, 2000.

Herbert L. Mitchell,

Acting Associate Administrator for Disaster

Assistance.

[FR Doc. 00–24958 Filed 9–28–00; 8:45 am]

BILLING CODE 8025–01–P