69358 Federal Register / Vol. 65, No. 222 / Thursday, November 16, 2000 / Notices

5 15 U.S.C. 780–3(b)(6).

6 15 U.S.C. 78k–1.

7 5 U.S.C. 78s(b)(3)(A).

8 17 CFR 204.19b–4(f)(6).

9For purposes only of accelerating the operative

date of this proposal, the Commission has

considered its impact on efficiency, competition,

and capital formation. 15 U.S.C. 78c(f).

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

rule change. The text of these statements

may be examined at the places specified

in Item IV below. Nasdaq 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

Presently, NASD Rule 4611 states that

a request to become registered as a

market maker in a security that has been

trading on Nasdaq for more than five (5)

days is effective on the day following

the request. If a security has been

trading on Nasdaq for five days or less,

the market maker’s request becomes

effective immediately. In contrast,

market makers utilizing Electronic

Communication Networks/Alternative

Trading Systems (‘‘ECNs/ATSs’’) may

immediately upon request begin

displaying quotes/orders for any

security trading on Nasdaq, regardless of

how long the security has been trading.

To eliminate the disparate treatment of

market makers, Nasdaq is proposing to

allow market makers to begin trading in

an issue on the same day they apply for

registration.

Nasdaq believes that the proposed

rule change is consistent with the

provisions of Section 15A(b)(6) of the

Act 5 in that it is designed to promote

just and equitable principles of trade; 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. In addition, the proposal

is not designed to permit unfair

discrimination between brokers and

dealers, but instead is designed to

eliminate the disparate treatment of

market makers.

Nasdaq also believes the proposed

rule change is consistent with Section

11A of the Act.6 Section 11A set forth

Congress’s findings that it is in the

public interest and appropriate for the

protection of investors and the

maintenance of fair and orderly markets

to assure, among other things, fair

competition among brokers and dealers.

The proposal is consistent with this goal

because it will allow market makers to

begin quoting in a security in the same

timeframe as that which is applicable to

ECNs/ATSs.

(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.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

The foregoing rule change has become

effective upon filing pursuant to Section

19(b)(3)(A) of the Act, 7 and Rule 19b–

4(f)(6) 8 thereunder because the

proposed rule change does not

significantly affect the protection of

investors or the public interest; does not

impose any significant burden on

competition; and does not become

operative for 30 days from the date on

which the proposed rule change was

filed, or such shorter time as the

Commission may designate. The

proposal is designed to eliminate the

disparate treatment of market makers in

that the proposal is designed to

eliminate the disparate treatment of

market makers and will permit both

market makers and those utilizing

ECNs/ATSs to begin trading in an issue

on the same day they apply for

registration.

In addition, Nasdaq provided the

Commission with written notice of its

intent to file this proposed rule change,

and the written notice included a

description of the proposal and the text

of the proposed rule change. Nasdaq

also requested that the Commission

accelerate the operative date. 9 The

Commission believes that the proposal

is consistent with the protection of

investors and the public interest and

finds good cause to designate the

proposal immediately operative upon

filing. At any time within 60 days of the

filing of a rule change pursuant to

Section 19(b)(3)(A) of the Act, 10 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.

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.,

Washington, D.C. 20549. 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 the file

number in the caption above and should

be submitted by December 7, 2000.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority, 17 CFR 200.30–3(a)(12).

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–29287 Filed 11–15–00; 8:45 am]

BILLING CODE 8010–01–M

SOCIAL SECURITY ADMINISTRATION

Privacy Act of 1974 as Amended;

Computer Matching Program (SSA)

Internal Revenue Service (IRS) Match

Number 1016

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 IRS.

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

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) 966–2935 or writing to the

Associate Commissioner, Office of

Federal Register / Vol. 65, No. 222 / Thursday, November 16, 2000 / Notices 69359

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 as 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 describing the

manner in which computer matching

involving Federal agencies 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.

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 Data Integrity Boards’

approval of the match agreements;

(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: May 17, 2000.

Susan M. Daniels,

Deputy Commissioner for Disability and

Income Security Programs.

Notice of Computer Matching

Program, Internal Revenue Service (IRS)

with the Social Security Administration

(SSA).

A. Participating Agencies

SSA and IRS.

B. Purpose of the Matching Program

The purpose of this matching program

is to establish conditions under which

IRS agrees to disclose to SSA certain

return information for use in verifying

eligibility for, and/or the correct amount

of, benefits provided under Title XVI of

the Social Security Act to qualified

aged, blind and disabled individuals,

and federally administered

supplementary payments of the type

described in section 1616(a) of such Act

(including payments pursuant to an

agreement entered into under section

212(a) of Pub. L. 93–96, 87 Stat. 152).

C. Categories of Records and

Individuals Covered by the Matching

Program

Section 1631(e)(1)(B) of the Social

Security Act (42 U.S.C. 1383(e)(1)(B))

and section 6103(1)(7) of the Internal

Revenue Code (26 U.S.C. 6103(1)(7)).

D. Inclusive Dates of the Match

The matching program shall become

effective no sooner than 40 days after

notice for the program is sent to

Congress and OMB, or 30 days after

publication of this notice in the Federal

Register, whichever date 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. 00–29281 Filed 11–15–00; 8:45 am]

BILLING CODE 4191–02–P

DEPARTMENT OF STATE

[Public Notice 3474]

Privacy Act of 1974; Altered System of

Records

Notice is hereby given that the

Department of State proposes to alter an

existing system of records, STATE–31,

pursuant to the provisions of the

Privacy Act of 1974, as amended (5

U.S.C. 522a (r)), and the Office of

Management and Budget Circular No.

A–130, Appendix I. The Department’s

report was filed with the Office of

Management and Budget on November

3, 2000.

It is proposed that the current system

STATE–31 will be renamed ‘‘Human

Resources Records,’’ and due to the

expanded scope of the current system,

the altered system description will

include revisions and/or additions to all

other sections. Changes to the existing

system description are proposed in

order to reflect more accurately the

Bureau of Human Resources’ recordkeeping systems and a reorganization of

activities and operations. Also, certain

relevant records will be removed from

‘‘Biographic Register Records, STATE–

01,’’ ‘‘Board of Foreign Service Records,

STATE–03,’’ and ‘‘Personnel Travel

Records, STATE–32’’ and will become

part of STATE–31. STATE–01, STATE–

03 and STATE–32 will be deleted in the

near future.

Any persons interested in

commenting on the altered system of

records may do so by submitting

comments in writing to Margaret Peppe,

Chief; Programs and Policies Division;

Office of IRM Programs and Services; A/

RPS/IPS/PP; U.S. Department of State,

SA–2; Washington, DC 20522–6001.

This system of records will be effective

40 days from the date of publication,

unless we receive comments that will

result in a contrary determination.

The altered system description,

‘‘Human Resources Records, STATE–

31’’ will read as set forth below.

Dated: November 3, 2000.

Patrick F. Kennedy,

Assistant Secretary for the Bureau of

Administration, Department of State.

STATE–31

SYSTEM NAME:

Human Resources Records.

SECURITY CLASSIFICATION:

Classified and unclassified.

SYSTEM LOCATION:

Department of State, 2201 C Street,

NW, Washington, DC 20520; State

Annex 01, 2401 E Street, NW,

Washington, DC 29937; overseas at U.S.

embassies, U.S. consulates general, and

U.S. consulates; U.S. missions; and the

National Personnel Records Center, 111

Winnebago Street, St. Louis, MO 63118.

CATEGORIES OF INDIVIDUALS COVERED BY THE

SYSTEM:

All applicants for employment with

the Department of State (including

unsuccessful applicants); all current and

former Civil Service (CS) and Foreign

Service (FS) employees of the

Department of State including members

of the Senior Executive Service,

Presidential appointees, employees

under full-time, part-time, intermittent,

temporary, and limited appointments;

anyone serving in an advisory capacity

(compensated and uncompensated);

other agency employees on detail to the

Department; former Foreign Service

Reserve Officers; student applicants for

internships, Presidential Management

Interns, Foreign Affairs Fellowship

Program Fellows, student interns and

other student summer hires, Stay-inSchool student employees, and

Cooperative Education Program

participants; employees who report

intent to marry or cohabitate with a

foreign national; prospective alien

spouses of Department employees;