60712 Federal Register / Vol. 65, No. 198 / Thursday, October 12, 2000 / Notices

3See supra text discussing proposed Rule 501(d)

and (e), proposed Rule 506(e) and the proposed

amendments to Rule 505, pp 2–3.

4 15 U.S.C. 78f(b).

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

step in to act as a specialist, when the

assigned specialist is unable to do so.

Proposed Rule 501(c) should increase

the AES Committee’s supervision over

the individuals applying to be a

specialist on the floor, which should in

turn help to ensure that applicants have

sufficient qualifications and experience

to perform the duties of a specialist in

active markets. In addition, proposed

Rule 501(c) should also help to ensure

that the AES Committee is notified in

the event that an individual moves from

one firm to another firm.

Proposed amendments to Rule 501(d)

would require option and foreign

currency option specialist units to have

certain staffing levels per quarter turret

of trading floor space, rather than for the

entire specialist unit, to help to ensure

adequate staffing coverage on the

trading floors. The current rule does not

sufficiently address these issues because

it lacks detail on how the specialist staff

is deployed, particularly when the

specialist unit may have books located

in different areas of the option or foreign

currency option floor.

With respect to proposed

amendments to Rule 506, the AES

Committee may require additional

information on the allocation

application, such as system acceptance

and execution levels. The Phlx believes

that system acceptance and execution

levels are important in attracting order

flow to the Exchange and providing

customers with efficient order delivery

and execution. The Phlx believes that

codifying expressly in Exchange rules

the AES Committee’s authority to

require specialist units to state their

system order acceptance and execution

levels, as well as notifying the AES

Committee of such changes, should help

the AES Committee to accurately assess

whether the specialist units have the

ability to attract order flow to the

Exchange and can keep that order flow

with the maintenance of the delivery

and execution levels stated in their

application.

The proposal would require Rule 501,

Commentary .02 and proposed

amendments to Rule 748 to specifically

delegate responsibility for supervision

of back-up staff used by a specialist to

the specialist utilizing the back-up staff.

The Phlx believes that this is the most

efficient method of holding a specialist

unit accountable for the acts of staff

under their direction, albeit such staff is

not directly employed by that specialist

unit.

The proposal would also require that

equity, option and foreign currency

option specialists notify the AES

Committee of material changes in their

registration and application forms for

specific securities as well as their

applications to be a specialist unit.3

This should supply the Phlx and the

AES Committee with the appropriate

information to make determinations

regarding the suitability of this

specialist to perform in a particular

security in accordance with the AES

Committee’s review procedures for

specialist performance evaluations

outlined in Rule 511.

2. Statutory Basis

The Phlx believes the proposed rule

change is consistent with Section 6(b) of

the Act 4 in general, and in particular,

with Section 6(b)(5) of the Act,5 in that

it is designed to promote just and

equitable principles of trade, prevent

fraudulent and manipulative acts and

practices, facilitate transactions in

securities, remove impediments to and

perfect the mechanism of a free and

open market and a national market

system, as well as to protect investors

and the public interest by better

assessing that specialist units have the

appropriate staffing. In addition, the

proposed amendments and rules should

help to ensure that the AES Committee

has suitable information to make wellreasoned decisions regarding allocation,

reallocation, and transfer of specialist

books as well as the approval and

retention of high quality specialists on

the trading floor.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Phlx 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

The Phlx 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 publication of

this notice in the Federal Register or

within such other 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 Phlx 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, 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 Phlx.

All submissions should refer to File

No. SR–Phlx–00–72 and should be

submitted by November 2, 2000.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.6

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–26115 Filed 10–11–00; 8:45 am]

BILLING CODE 8010–01–M

SOCIAL SECURITY ADMINISTRATION

Privacy Act of 1974, As Amended;

Computer Matching Program (SSA/

Department of Labor (DOL))—Match

Number 1003

AGENCY: Social Security Administration

(SSA).

ACTION: Notice of computer matching

program.

SUMMARY: In accordance with the

provisions of the Privacy Act, as

amended, this notice announces a

computer matching program that SSA

plans to conduct with DOL.

DATES: SSA will file a report of the

subject matching program with the

Committee on Governmental Affairs of

the Senate, the Committee on

Government Reform and Oversight of

Federal Register / Vol. 65, No. 198 / Thursday, October 12, 2000 / Notices 60713

the House of Representatives and the

Office of Information and Regulatory

Affairs, Office of Management and

Budget (OMB). The matching program

will be effective as indicated below.

ADDRESSES: Interested parties may

comment on this notice by either telefax

to (410) 966–1722 or writing to the

Associate Commissioner for Program

Support, 2–Q–16 Operations Building,

6401 Security Boulevard, Baltimore, MD

21235–6401. All comments received

will be available for public inspection at

this address.

FOR FURTHER INFORMATION CONTACT: The

Associate Commissioner for Program

Support at the address shown above.

SUPPLEMENTARY INFORMATION:

A. General

The Computer Matching and Privacy

Protection Act of 1988 (Public Law

(Pub.L.) 100–503), amended the Privacy

Act (5 U.S.C. 552a) by establishing the

conditions under which computer

matching involving the Federal

government could be performed and

adding certain protections for

individuals applying for and receiving

Federal benefits. Section 7201 of the

Omnibus Budget Reconciliation Act of

1990 (Pub.L. 101–508) further amended

the Privacy Act regarding protections for

such individuals. The Privacy Act, as

amended, regulates the use of computer

matching by Federal agencies when

records in a system of records are

matched with other Federal, State or

local government records. Among other

things, it requires Federal agencies

involved in computer matching

programs to:

(1) Negotiate written agreements with

the other agency or agencies

participating in the matching programs;

(2) Obtain the approval of the match

agreement by the Data Integrity Boards

(DIB) of the participating Federal

Agencies;

(3) Furnish detailed reports about

matching programs to Congress and

OMB;

(4) Notify applicants and beneficiaries

that their records are subject to

matching; and

(5) Verify match findings before

reducing, suspending, terminating or

denying an individual’s benefits or

payments.

B. SSA Computer Matches Subject to

the Privacy Act

We have taken action to ensure that

all of SSA’s computer matching

programs comply with the requirements

of the Privacy Act, as amended.

Dated: July 13, 2000.

Susan M. Daniels,

Deputy Commissioner for Disability and

Income Security Programs.

Notice of Computer Matching Program,

Social Security Administration (SSA)

with the Department of Labor (DOL)

A. Participating Agencies SSA and DOL

B. Purpose of the Matching Program

The purpose of this matching program

is to establish the conditions, safeguards

and procedures under which DOL

agrees to disclose Part C Black Lung

benefit data to SSA. SSA will use the

match results to determine the correct

amount of Social Security disability

benefits for recipients of Part C Black

Lung benefits, as required by the Social

Security Act (the Act).

C. Authority for Conducting the

Matching Program

Section 224(h)(1) of the Act, 42 U.S.C.

(h)(1).

D. Categories of Records and

Individuals Covered by the Match

DOL will provide SSA with a

magnetic tape file extracted from the

Office of Workers’ Compensation

Programs Black Lung Benefits Payments

File. The extracted file will contain

information about all live miners, under

age 65, entitled to Part C Black Lung

benefits. Each record on the DOL file

will be matched with SSA’s Master

Beneficiary Record to identify

individuals potentially subject to benefit

reductions, due to their receipt of Part

C Black Lung benefits, under section

224 of the Social Security Act, 42 U.S.C.

424.

E. Inclusive Dates of the Match

The matching program shall become

effective upon the signing of the

agreement by both parties to the

agreement and approval of the

agreement by the Data Integrity Boards

of the respective agencies, but no sooner

than 40 days after notice of the

matching program is sent to Congress

and the Office of Management and

Budget, or 30 days after publication of

this notice in the Federal Register,

whichever is later. The matching

program will continue for 18 months

from the effective date and may be

extended for an additional 12 months

thereafter, if certain conditions are met.

[FR Doc. 00–26163 Filed 10–11–00; 8:45 am]

BILLING CODE 4191–02–U

DEPARTMENT OF STATE

[Public Notice No. 3414]

Advisory Committee On International

Economic Policy Notice of Committee

Renewal

Renewal of Advisory Committee. The

Department of State has renewed the

Charter of the Advisory Committee on

International Economic Policy. The

Committee serves in a solely advisory

capacity providing information and

advice to the Secretary of State on the

effective integration of economic

interests into overall foreign policy. The

Committee’s advice and information

assists in appraising the role and limits

of international economic institutions,

advancing American commercial

interests in a competitive global

economy and formulating U.S. policy,

positions, proposals and strategies for

multilateral and bilateral negotiations.

This committee includes

representatives of American

organizations and institutions having an

interest in international economic

policy, including representatives of

American business, labor unions, public

interest groups, and trade and

professional associations. The

committee meets at least annually to

advise the Department on range of

international economic policies and

issues.

For further information, please call:

Carol Thompson, EB/PAPD, U.S.

Department of State, at (202) 647–1808.

Carol E. Thompson,

Acting, Office of Policy Analysis and Public

Diplomacy.

[FR Doc. 00–26226 Filed 10–11–00; 8:45 am]

BILLING CODE 4710–07–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

[Summary Notice No. PE–2000–56]

Petitions for Exemption; Summary of

Petitions Received; Dispositions of

Petitions Issued

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of petitions for

exemption received and of dispositions

of prior petitions.

SUMMARY: Pursuant to FAA’s rulemaking

provisions governing the application,

processing, and disposition of petitions

for exemption Part 11 of Title 14, Code

of Federal Regulations (14 CFR), this

notice contains a summary of certain

petitions seeking relief from specified