Federal Register / Vol. 63, No. 99 / Friday, May 22, 1998 / Notices 28433

8See Exchange Act Release No. 38273 (February

12, 1997), 62 FR 7489 (February 19, 1997)

(approving File No. SR–PSE–96–45); see also

Exchange Act Release No. 39667 (February 13,

1998), 63 FR 9895 (February 26, 1998) (order

approving proposal to allow non-multiply-listed

option issues to be traded under the program).

9See Exchange Act Release No. 38462 (April 1,

1997), 62 FR 16886 (April 8, 1997).

10 15 U.S.c. 78f(b).

11 15 U.S.C. 78f(b)(5). 12 17 CFR 200.30–3(a)(12).

issues are eligible to be traded under the

pilot program.8 Initially, the program

was limited by allowing no more than

three LMMs to participate in the

program and no more than 40 option

symbols to be used. But on April 1,

1997, the Commission approved an

Exchange proposal to expand the

program so that up to nine LMMs may

participate and up to 150 option

symbols may be used.9

The Exchange is now proposing to

expand the LMM Book Pilot Program to

eliminate the cap on the number of

LMMs that may participate in the

program. The Exchange notes that the

program has been in operation for

approximately eighteen months and no

significant problems have occurred. The

program has been viable and effective,

and has resulted in significant cost

savings to customers in Book execution

charges. The Exchange believes that it

has adequate systems and operation

capacity to expand the scope of the

program beyond its current limits.

The Exchange believes that the

proposed change will make the

Exchange LMM Program more

competitive because it will provide

LMMs with the same flexibility

currently held by options specialists at

other exchanges, and DPMs at the

Chicago Board Options Exchange.

Basis

The Exchange believes the proposed

rule change is consistent with Section

6(b) 10 of the Act, in general, and

furthers the objectives of Section

6(b)(5),11 in particular, in that it is

designed to facilitate transactions in

securities, to promote just and equitable

principles of trade, and to protect

investors and the public interest.

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,

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, 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, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of the PCX. All submissions

should refer to File No. SR–PCX–98–17

and should be submitted by June 12,

1998.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.12

Jonathan G. Katz,

Secretary.

[FR Doc. 98–13727 Filed 5–21–98; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3076]

State of Alabama; Amendment #2

In accordance with a notice from the

Federal Emergency Management Agency

dated April 29, 1998, the abovenumbered Declaration is hereby

amended to include Walker County in

the State of Alabama as a disaster area

due to damages caused by severe storms

and tornadoes beginning on April 8,

1998 and continuing through April 20,

1998.

In addition, applications for economic

injury loans from small businesses

located in the contiguous county of

Marion, Alabama may be filed until the

specified date at the previously

designated location. Any counties

contiguous to the above-name primary

county and not listed herein have been

previously declared.

All other information remains the

same, i.e., the deadline for filing

applications for physical damage is June

8, 1998 and for economic injury the

termination date is January 11, 1999.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: May 8, 1998.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 98–13743 Filed 5–21–98; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3069]

State of Georgia; Amendment #7

In accordance with notices from the

Federal Emergency Management Agency

(FEMA) dated May 1, 8, and 11, 1998

and a notification from FEMA dated

May 12, 1998, the above-numbered

Declaration is hereby amended to

include Columbia, Floyd, Lincoln,

Peach, ockdale, Towns, and Union

Counties in the State of Georgia as a

disaster area due to damages caused by

severe storms and flooding. This

declaration is further amended to

establish the incident period for this

disaster as beginning on February 14,

1998 and continuing through May 11,

1998, and to extend the deadline for

filing applications for physical damages

resulting from this disaster to May 22,

1998.

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
28434 Federal Register / Vol. 63, No. 99 / Friday, May 22, 1998 / Notices

location: Elbert and Wilkes Counties in

Georgia; McCormick County, South

Carolina; Cherokee County, North

Carolina; and Cherokee County,

Alabama.

Any counties contiguous to the abovenamed primary counties and not listed

herein have been previously declared.

All other information remains the

same, i.e., the deadline for filing

applications for economic injury is

December 11, 1998.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008.)

Dated: May 13, 1998.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 98–13724 Filed 5–21–98; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3082]

State of Kentucky; Amendment #1

In accordance with notices from the

Federal Emergency Management Agency

dated May 10 and 11, 1998, the abovenumbered Declaration is hereby

amended to include Leslie County in

the State of Kentucky as a disaster area

due to damages caused by severe

storms, tornadoes, and flooding, and to

establish the incident period for this

disaster as beginning on April 16, 1998

and continuing through May 10, 1998.

All counties contiguous to the abovename primary county have been

previously declared.

All other information remains the

same, i.e., the deadline for filing

applications for physical damage is June

28, 1998 and for economic injury the

termination date is January 29, 1999.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: May 13, 1998.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 98–13742 Filed 5–21–98; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3078]

State of Tennessee; Amendment #2

In accordance with notices from the

Federal Emergency Management Agency

dated May 11 and 12, 1998, the abovenumbered Declaration is hereby

amended to include Madison, Polk, and

Shelby Counties in the State of

Tennessee as a disaster area due to

damages caused by severe storms,

tornadoes, and flooding beginning on

April 16, 1998 and continuing.

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: Fayette, Hardeman, and Tipton

Counties in Tennessee; DeSoto and

Marshall Counties in Mississippi; and

Fannin County in Georgia.

Any counties contiguous to the abovename primary counties and not listed

herein have been previously declared.

All other information remains the

same, i.e., the deadline for filing

applications for physical damage is June

19, 1998 and for economic injury the

termination date is January 20, 1999.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: May 13, 1998

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 98–13744 Filed 5–21–98; 8:45 am]

BILLING CODE 8025–01–P

SOCIAL SECURITY ADMINISTRATION

Statement of Organization, Functions

and Delegations of Authority

This statement amends Part S of the

Statement of the Organization,

Functions and Delegations of Authority

which covers the Social Security

Administration (SSA). Chapter S8

covers the Office of the Inspector

General (OIG). Notice is given that

Chapter S8, the Office of the Inspector

General, is being amended to reflect a

realignment of functions and

typographical changes. The Office of

Operations (OP) (S8J) is being abolished

and the functions are being incorporated

into the Office of Management Services

(OMS) (S8G). Divisional functions are

being realigned in both the Office of

Investigations (OI) (S8B) and the Office

of Audit (OA) (S8C). New divisional

structures are being established to

achieve the functional realignment. A

Deputy Counsel is being established in

the Office of the Counsel to the

Inspector General (OCIG) (S8H).

Typographical changes are also being

made in the OCIG (S8H). The revised

chapter reads as follows:

Section S8.10 The Office of the

Inspector General—(Organization):

Delete:

H. The Office of Operations (OP)

(S8J).

Section S8.20 The Office of the

Inspector General—(Functions):

Amend to read as follows:

F. The Office of Management Services

(OMS) (S8G) provides staff assistance to

the Inspector General (IG) and Deputy

Inspector General. OMS formulates and

assists the IG with the execution of the

OIG budget and confers with the Office

of the Commissioner, the Office of

Management and Budget and the

Congress on budget matters. The office

manages and maintains the OIB

Allegation Management System (AMS)

data base for all allegations reported to

the OIG nationwide. OMS conducts

management analyses and establishes

and coordinates general management

policies of the OIG. This office serves as

the OIG liaison on personnel

management and other administrative

and management policies and practices,

as well as on equal employment

opportunity and civil rights matters.

This office is also responsible for the

development, design and redesign of

major automated systems throughout

the OIG. OMS is responsible for and

coordinates the OIG’s strategic planning

function and the development and

implementation of performance

measures required by the Government

Performance and Results Act; public

affairs; interagency activities; OIG

reporting requirements and

publications; and responses to

Congressional inquiries.

Delete in its entirety:

H. The Office of Operations (OP)

(S8J).

Section S8B.10 The Office of

Investigations—(Organization):

Delete:

I. The Washington, D.C. Field

Division (WFD) (S8BJ).

K. The Tampa Field Division (TFD)

(S8BL).

Reletter:

‘‘J.’’ to ‘‘I.’’

‘‘L.’’ to ‘‘J.’’

‘‘M.’’ to ‘‘K.’’

‘‘N.’’ to ‘‘L.’’

Establish

M. The Philadelphia Field Division

(PFD) (S8BQ).

N. The St. Louis Field Division

(SLFD) (S8BR).

O. The Denver Field Division (DVFD)

(S8BS).

P. The Seattle Field Division (SFD)

(S8BT).

Q. The Allegation Management

Division (AMD) (S8BU).

Section S8B.20 The Office of

Investigations—(Functions):

Delete in its entirety:

I. The Washington, D.C. Field

Division (WFD) (S8BJ).

K. The Tampa Field Division (TFD)

(S8BL).