Federal Register / Vol. 65, No. 220 / Tuesday, November 14, 2000 / Notices 68165

1 15 U.S.C. 78k–1.

2 17 CFR 240.11Aa3–2. The ITS is a National

Market System (‘‘NMS’’) plan, which was designed

to facilitate intermarket trading in exchange-listed

equity securities based on current quotation

information emanating from the linked markets. See

Securities Exchange Act Release No. 19456 (January

27, 1983), 48 FR 4938 (February 3, 1983).

The ITS participants include the American Stock

Exchange LLC (‘‘Amex’’), the Boston Stock

Exchange, Inc. (‘‘BSE’’), the Chicago Board Options

Exchange, Inc. (‘‘CBOE’’), the Chicago Stock

Exchange, Inc. (‘‘CHX’’), the Cincinnati Stock

Exchange, Inc. (‘‘CSE’’), the National Association of

Securities Dealers, Inc. (‘‘NASD’’), the New York

Stock Exchange, Inc. (‘‘NYSE’’), the Pacific

Exchange, Inc. (‘‘PCX’’), and the Philadelphia Stock

Exchange, Inc. (‘‘PHLX’’) (‘‘Participants’’). 3Securities Exchange Act Release No. 43240

(September 1, 2000), 65 FR 54571 (September 8,

2000). 4The BSE and PCX filed proposed rule changes

with the Commission to implement these changes.

The Commission approved the BSE’s proposal on

August 8, 2000. See Securities Exchange Act

Release No. 43127 (August 8, 2000), 65 FR 49617

(August 14, 2000), (SR–BSE–99–01). The

Commission approved the PCX’s proposal on May

5, 2000. See Securities Exchange Act Release No.

42759 (May 5, 2000), 65 FR 30654 (May 12, 2000),

(SR–PCX–99–39).

5See Securities Exchange Act Release No. 42212

(December 9, 1999), 64 FR 70297 (December 16,

1999) (adopting amendments to expand the ITS/

CAES linkage to all listed securities). 6 15 U.S.C. 78k–1(a)(1)(C)(ii) and (D).

7 17 CFR 240.11Aa3–2(c)(2).

application(s) and/or declaration(s) and

any amendment(s) is/are available for

public inspection through the

Commission’s Branch of Public

Reference.

Interested persons wishing to

comment or request a hearing on the

application(s) and/or declaration(s)

should submit their views in writing by

November 30, 2000, to the Secretary,

Securities and Exchange Commission,

Washington, DC 20549–0609, and serve

a copy on the relevant applicant(s) and/

or declarant(s) at the address(es)

specified below. Proof of service (by

affidavit or, in the case of an attorney at

law, by certificate) should be filed with

the request. Any request for hearing

should identify specifically the issues of

facts or law that are disputed. A person

who so requests will be notified of any

hearing, if ordered, and will receive a

copy of any notice or order issued in the

matter. After November 30, 2000, the

application(s) and/or declaration(s), as

filed or as amended, may be granted

and/or permitted to become effective.

The Southern Company (70–8277)

The Southern Company (‘‘Southern’’),

270 Peachtree Street, NW., Atlanta,

Georgia 30303, a registered holding

company, has filed a post-effective

amendment under sections 6(a) and 7 of

the Act and rules 53 and 54 under the

Act to an application-declaration

previously filed under the Act.

By orders dated August 3, 1995 and

December 22, 1999 (HCAR Nos. 26349

and 27119), Southern was authorized,

among other things, to issue and sell in

one or more transactions, through

September 30, 2004 (‘‘Authorization

Period’’), up to 25 million shares of its

authorized but unissued common stock,

$5 par value (‘‘Authorized Shares’’). The

number of Authorized Shares may be

adjusted to reflect any share split or

distribution authorized by the

Commission. Southern now requests

that the number of Authorized Shares

that may be issued during the

Authorization Period be increased from

25 million to 35 million.

For the Commission, by the Division of

Investment Management, under delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–29022 Filed 11–13–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–43520; File No. 4–208]

Intermarket Trading System; Order

Approving Fifteenth Amendment to the

ITS Plan Relating to Remote

Specialists, the National Market

System Test System, Trade

Adjustment Procedures, and Technical

Revisions

November 3, 2000.

On June 6, 2000, the Intermarket

Trading System (‘‘ITS’’) submitted to the

Securities and Exchange Commission

(‘‘Commission’’) an amendment to the

restated ITS Plan pursuant to Section

11A of theSecurities Exchange Act of

1934 (‘‘Act’’),1 and Rule 11A3a3–2

thereunder.2 The Participants filed the

proposal to recognize the

implementation of remote specialists

and the National Market Test System. In

addition, the Participants proposed to

codify procedures for trade adjustment

and to make technical revisions. Notice

of the proposal appeared in the Federal

Register on September 8, 2000.3 The

Commission received no comments on

the proposal. For the reasons discussed

below, the Commission is approving the

proposal.

The proposal amends Sections

6(a)(ii)(B) and (E), 7(c) and 8(a) of the

ITS Plan to reflect the changed manner

in which the BSE and the PCX will

interact with ITS, in particular that BSE

and PCX specialists carry out their

specialist operations off the floors of the

BSE and the PCX.4

The proposal recognizes the National

Market Test System (‘‘NMTS’’) as a

stand-alone system that supports testing

of the Consolidated Tape System,

Consolidated Quotation System, ITS,

and the Participants interfaced with

these systems. The NMTS can be used

during normal business hours and ITS

will be responsible for one-third of the

costs of the NMTS. The ITS Plan

provisions for the NMTS equally divide

the ITS costs among all Participants.

The proposal adds Section 6(b)(iv) to

the ITS Plan, which codifies the trade

adjustment process whereby, and

circumstances under which, supervisors

monitoring Participants’ markets may

request the ITS Control Center to enter

agreed-upon adjustments to system

trades (price, size, buy or sell side,

cancel or insert trade ‘‘as of’’ a prior

day).

The proposal makes several technical

amendments dealing with the ITS/CAES

Linkage as adopted by the Commission,

eliminating the definition of the term

‘‘ITS/CAES security (stock)’’ and

making other conforming changes. In

addition, the revision reinserts text in

the ITS Plan under Section 5(b)(ii) that

the Commission inadvertently omitted.5

According to the Participants, the

revisions are otherwise neutral as to

their effect on the Commission’s

adopted amendment. Lastly, the

revisions redesignate current Sections

12, 13, and 14 as Sections 13, 14, and

15 respectively, and current Section 15

as Section 12 (with other conforming

changes), and amending Section 3(a) to

reflect the change in the Amex’s

corporate name from ‘‘American Stock

Exchange, Inc.’’ to ‘‘American Stock

Exchange LLC.’’

The Commission finds that the

proposed amendment is consistent with

the Act in general, and in particular,

with Sections 11A(a)(1)(C)(ii) and (D),6

which provide for fair competition

among the Participants and their

members, and the linking of markets for

qualified securities through

communications and data processing

facilities that foster efficiency, enhance

competition, increase the information

available to brokers, dealers, and

investors, facilitate the offsetting of

investors’ orders, and contribute to the

best execution of such orders. The

Commission also finds that the

amendment is consistent with Rule

11Aa3–2(c)(2),7 which requires the

Commission to determine that the

amendment is necessary and

appropriate in the public interest, for

68166 Federal Register / Vol. 65, No. 220 / Tuesday, November 14, 2000 / Notices

8 15 U.S.C. 78k–1(a)(1)(C)(ii) and (D).

9 17 CFR 240.11Aa3–2(c)(2).

10 15 U.S.C. 78k–1(a)(3)(B).

11 17 CFR 200.30–3(a)(29).

the protection of investors and the

maintenance of fair and orderly markets,

to remove impediments to, and perfect

the mechanisms of, a national market

system or otherwise in furtherance of

the purposes of the Act.

The proposal provides for the

recognition of the BSE’s and the PCX’s

use of remote specialists to carry out

their specialist operations off the floors

of the BSE and the PCX. The proposal

also provides for the implementation of

the National Market Test System, which

supports testing of the Consolidated

Tape System, Consolidated Quotation

System, and ITS. In addition, the

proposal provides for the codification of

procedures for trade adjustment. The

Commission believes that the foregoing

measures should improve the efficiency

and reliability of ITS. Lastly, the

proposal provides additional technical

amendments to the ITS Plan consistent

with ITS’s purpose: to facilitate

intermarket trading in exchange-listed

equity securities.

For the foregoing reasons, the

Commission finds that the proposed

amendment is consistent with Act and

the rules and regulations thereunder

applicable to the ITS and, in particular,

Sections 11A(a)(1)(C)(ii) and (D) of the

Act 8 and Rule 11Aa3–2(c)(2).9

It is therefore ordered, pursuant to

Section 11A(a)(3)(B) of the Act,10 that

the proposed amendment be, and

hereby is, approved.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.11

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–29021 Filed 11–13–00; 8:45 am]

BILLING CODE 8010–01–M

SOCIAL SECURITY ADMINISTRATION

Agency Information Collection

Activities: Comment Request

In compliance with Public Law 104–

13, the Paperwork Reduction Act of

1995, SSA is providing notice of its

information collection that requires

submission to the Office of Management

and Budget (OMB). SSA is soliciting

comments on the accuracy of the

agency’s burden estimate; the need for

the information; its practical utility;

ways to enhance its quality, utility and

clarity; and on ways to minimize burden

on respondents, including the use of

automated collection techniques or

other forms of information technology.

The information collection listed

below has been submitted to OMB for

clearance. Written comments and

recommendations on the information

collection would be most useful if

received within 30 days from the date

of this publication. Comments should be

directed to the SSA Reports Clearance

Officer and the OMB Desk Officer at the

addresses listed after this publication.

You can obtain a copy of the OMB

clearance package by calling the SSA

Reports Clearance Officer on (410) 965–

4145, or by writing to him.

Waiver of Right to Appear, Disability

Hearing—0960–0534. The Social

Security Administration uses Form

SSA–773–U4 to provide claimants with

an effective means of requesting waiver

of their right to appear at a disability

hearing. The information collected will

be used as documentation that

claimants understand their right to

appear and the effects of the decision to

waive this right. The respondents are

claimants under Title II (Old-Age,

Survivors and Disability Insurance) and

Title XVI (Supplemental Security

Income) of the Social Security Act, who

wish to waive their right to appear at a

disability hearing.

Number of Respondents: 194.

Frequency of Response: 1.

Average Burden Per Response: 25

minutes.

Estimated Average Burden: 81 hours.

(SSA Address) Social Security

Administration, DCFAM, Attn:

Frederick W. Brickenkamp, 6401

Security Blvd., 1–A–21 Operations

Bldg., Baltimore, MD 21235

(OMB Address) Office of Management

and Budget, OIRA, Attn: Desk Officer

for SSA, New Executive Office

Building, Room 10230, 725 17th St.,

NW., Washington, DC 20503

Dated: November 7, 2000.

Liz Davidson,

Acting Reports Clearance Officer, Social

Security Administration.

[FR Doc. 00–29012 Filed 11–13–00; 8:45 am]

BILLING CODE 4190–29–P

DEPARTMENT OF STATE

[Public Notice 3472]

Culturally Significant Objects Imported

for Exhibition Determinations: ‘‘Egypt

in the Walters Art Gallery’’

AGENCY: United States Department of

State.

ACTION: Notice.

SUMMARY: Notice is hereby given of the

following determinations: Pursuant to

the authority vested in me by the Act of

October 19, 1965 (79 Stat. 985, 22 U.S.C.

2459), the Foreign Affairs Reform and

Restructuring Act of 1998 (112 Stat.

2681, et seq.), Delegation of Authority

No. 234 of October 1, 1999, and

Delegation of Authority No. 236 of

October 19, 1999, as amended, I hereby

determine that the objects to be

included in the exhibition ‘‘Egypt in the

Walters Art Gallery’’ imported from

abroad for the temporary exhibition

without profit within the United States,

are of cultural significance. These

objects are imported pursuant to a loan

agreement with a foreign lender. I also

determine that the exhibition or display

of the exhibit objects at The Walters Art

Gallery, Baltimore, Maryland, from

January 15, 2001, through January 15,

2004, is in the national interest. Public

Notice of these Determinations is

ordered to be published in the Federal

Register.

FOR FURTHER INFORMATION CONTACT: For

further information, including a list of

exhibit objects, contact Jacqueline

Caldwell, Attorney-Adviser, Office of

the Legal Adviser, U.S. Department of

State (telephone: 202/619–6982). The

address is U.S. Department of State, SA–

44, 301 4th Street, S.W., Room 700,

Washington, D.C. 20547–0001.

Dated: October 31, 2000.

William B. Bader,

Assistant Secretary for Educational and

Cultural Affairs, Department of State.

[FR Doc. 00–29071 Filed 11–13–00; 8:45 am]

BILLING CODE 4710–08–P

DEPARTMENT OF STATE

[Public Notice 3471]

Culturally Significant Objects Imported

for Exhibition Determinations:

AGENCY: ‘‘Unseen Treasures: Imperial

Russia and the New World’’ United

States Department of State.

ACTION: Amendment.

SUMMARY: On July 30, 1999, Notice was

published on page 41488 of the Federal

Register (Volume 64, Number 146) by

the Department of State pursuant to

Pub. L. 89–259 relating to the exhibition

‘‘Unseen Treasures: Imperial Russia and

the New World.’’ That referenced Notice

is hereby amended as follows: after the

words ‘‘on or about December 31,

2000,’’ insert the following additional

language: ‘‘and at the Presidio Trust

Exhibition Hall, San Francisco,

California, from on or about March 16,

2001, to on or about June 15, 2001,’’.