1946 Federal Register / Vol. 62, No. 9 / Tuesday, January 14, 1997 / Notices

3 17 CFR 200.30–3(a)(12).

does not open for trading on that day,

the last reported sale price of such

security shall be used unless the

exercise settlement amount is fixed in

accordance with the Rules and By-Laws

of The Options Clearing Corporation.

Subsection (1)(B) of the proposed rule

states that in any case where an exercise

settlement amount is fixed for any series

of index options pursuant to the Rules

and By-Laws of The Options Clearing

Corporation, the amount so fixed shall

be the amount required to be paid upon

exercise of options of that series

notwithstanding any difference between

the current index value used by The

Options Clearing Corporation in fixing

that amount and the index value

determined pursuant to Exchange Rules

or practices.

The rule change further states that the

following A.M.-settled index options are

approved for trading on the Exchange:

the PSE Technology Index; the Wilshire

Small Cap Index; and the Dow Jones &

Co. Taiwan Index.

2. Statutory Basis

The Exchange believes that the

proposed rule change is consistent with

Section 6(b) of the Act, in general, and

Section 6(b)(5), in particular, in that it

is designed to promote just and

equitable principles of trade and to

foster cooperation and coordination

with persons engaged in regulating,

clearing, settling and processing

information with respect to transactions

in securities.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange does not believe that

the proposed rule change will impose

any burden on competition that is not

necessary or appropriate in furtherance

of the purposes of the Act.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

Written comments on the proposed

rule change were neither solicited nor

received.

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, NW.,

Washington, DC 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 at

the Commission’s Public Reference

Room, 450 Fifth Street, NW.,

Washington, DC 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of the PSE. All submissions

should refer to File No. SR–PSE–96–48

and should be submitted by January 27,

1997.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.3

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–806 Filed 1–13–97; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Philadelphia Ventures Liberty Fund,

L.P. (License No. 03/73–0208); Notice

of Issuance of a Small Business

Investment Company License

On July 29, 1994, a ‘‘Track 2’’

application was filed by Philadelphia

Ventures Liberty Fund, L.P. located at

200 Broad Street, the Bellevue,

Philadelphia, Pennsylvania 19102, with

the Small Business Administration

(SBA) pursuant to Section 107.102 of

the then prevailing Regulations

governing small business investment

companies (13 CFR 107.102 (1994)) for

a license to operate as a small business

investment company. On June 6, 1996,

the application was moved to a ‘‘Track

1’’ status upon notification of the

applicant’s first closing.

Notice is hereby given that, pursuant

to Section 301(c) of the Small Business

Investment Act of 1958, as amended,

after considering the revised application

and all other pertinent information, SBA

issued License No. 03/73–0208 on

December 22, 1996, to Philadelphia

Ventures Liberty Fund, L.P. to operate

as a small business investment

company.

(Catalog of Federal Domestic Assistance

Program No. 59.011, Small Business

Investment Companies)

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 97–817 Filed 1–13–97; 8:45 am]

BILLING CODE 8025–01–P

[Declaration of Disaster Loan Area #2912]

California; Declaration of Disaster

Loan Area

San Diego County and the contiguous

counties of Imperial, Orange, and

Riverside in the State of California

constitute a disaster area as a result of

damages caused by firestorms which

occurred October 21 through October

23, 1996. Applications for loans for

physical damage as a result of this

disaster may be filed until the close of

business on March 3, 1997 and for

economic injury until the close of

business on October 2, 1997 at the

address listed below: U.S. Small

Business Administration, Disaster Area

4 Office, 1825 Bell Street, Suite 208,

Sacramento, CA 95825, or other locally

announced locations.

The interest rates are:

Percent

For Physical Damage:

Homeowners with credit available elsewhere ........................ 8.000

Homeowners without credit available elsewhere ........................ 4.000

Businesses with credit available

elsewhere ................................ 8.000

Businesses and non-profit organizations without credit available elsewhere ........................ 4.000

Others (including non-profit organizations) with credit available

elsewhere ................................ 7.125

For Economic Injury:

Businesses and small agricultural

cooperatives without credit

available elsewhere ................. 4.000

The number assigned to this disaster

for physical damage is 291205 and for

economic injury the number is 924900.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)