30280 Federal Register / Vol. 63, No. 106 /Wednesday, June 3, 1998 / Notices

11 15 U.S.C. 78s(b)(2). 12 17 CFR 200.30–3(a)(12).

correspondent firms within two minutes

of each other. Of course, should the

nature of crosses on the ABS change, so

that crosses become more significant in

size and frequency, the Commission

would expect the Exchange to consider

modifying ABS crossing procedures to

reflect such changes.

Finally, because convertible bonds

generally are priced in relation to an

underlying equity security, it is

acceptable that the new Rule 86 would

not require the same approval process as

that for non-convertible bonds for all

sales made two points away from the

last sale or more than 30 days after the

last transaction. The Commission is

satisfied that the provision allowing a

Floor Governor to impose a more

rigorous approval process when market

conditions warrant should adequately

protect investors.

The Commission finds good cause for

approving proposed Amendment No. 1

prior to the thirtieth day after the date

of publication of notice of filing thereof

in the Federal Register. The

Amendment merely corrects

typographical errors in the original

proposal which received no adverse

comments following its publication.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views and

arguments concerning Amendment No.

1, including whether the proposed

Amendment 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. Copies of such filing will also be

available for inspection and copying at

the principal office of the NYSE. All

submissions should refer to the File No.

SR–NYSE–83–13 and should be

submitted by June 24, 1998.

V. Conclusion

It is therefore ordered, pursuant to

Section 19(b)(2) of the Act,11 that the

proposed rule change (SR–NYSE–98–

13), as amended, is approved.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.12

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 98–14674 Filed 6–2–98; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF TRANSPORTATION

Office of the Secretary

Reports, Forms and Recordkeeping

Requirements; Agency Information

Collection Activity Under OMB Review

AGENCY: Office of the Secretary, DOT.

ACTION: Notice.

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995 (44

U.S.C. Chapter 3501, et seq.) the

Department of Transportation has

submitted the following Information

Collection Request (ICR) abstracted

below to the Office of Management and

Budget (OMB) for review and clearance.

The ICR describes the nature of the

information collection and its expected

burden. The Federal Register Notice

requesting an emergency approval on

the following collection of information

was published on March 6, 1998 [FR 61,

page 11326].

FOR FURTHER INFORMATION CONTACT:

Charles McGuire, 202/366–1037, and

refer to the OMB Control Number.

DATES: Comments on this notice must be

received on or before July 6, 1998.

SUPPLEMENTARY INFORMATION:

Office of the Secretary

Title: Report of DBE Awards and

Commitments.

OMB Control Number: 2105–0510.

Type of Request: Extension of a

currently approved collection.

Form(s): DOT F 4630.

Affected Public: DOT financiallyassisted state and local transportation

agencies.

Abstract: 49 CFR Part 23 establishes

requirements for the Department of

Transportation (DOT) so as to comply

with the mandates of the Intermodal

Surface Transportation and Efficiency

Act (ISTEA) of 1991 (Public Law 102–

240, December 18, 1991). 49 CFR Part

23.49(a) requires that DOT and its

Operating Administrations develop a

recordkeeping system to monitor, assess

and identify contract awards and

progress in achieving DBE subcontract

goals. In addition, PL 102–240 section

1003(b) requires that each state annually

survey and compile a list of small

business concerns and the location of

such concerns, and notify the Secretary

of Transportation of the percentage of

such concerns controlled by women and

by socially and economically

disadvantaged individuals other than

women. If these reporting requirements

were not available, firms controlled by

minorities would not achieve the fullest

possible participation in DOT programs,

and the Department would not be able

to identify its recipients and evaluate

the extent to which financial assistance

recipients have been awarded a

reasonable amount.

In order to minimize the burden on

DOT recipients the Department has

limited its informational request and

reporting frequency to that necessary to

meet its program and administrative

monitoring requirements. The

informational request consists of 17 data

items on one page and one attachment,

to be completed on an annual, semiannual or quarterly basis. It is the

overall long range objective of DOT to

permit all DOT recipients to report on

a yearly basis depending upon their past

experience in meeting their goals.

Estimated Annual Burden Hours:

20,824 hours.

Send comments to the Office of

Information and Regulatory Affairs,

Office of Management and Budget, 725–

17th Street, NW., Washington, DC

20503, Attention OST Desk Officer.

Comments are invited on: whether the

proposed collection of information is

necessary for the proper performance of

the functions of the Department,

including whether the information will

have practical utility; the accuracy of

the Department’s estimate of the burden

of the proposed information collection;

ways to enhance the quality, utility and

clarity of the information to be

collected; and ways to minimize the

burden of the collection of information

on respondents, including the use of

automated collection techniques or

other forms of information technology.

Comments to OMB are best assured of

having their full effect if OMB receives

them within 30 days of publication.

Issued in Washington, DC, on May 26,

1998.

Vanester M. Williams,

Clearance Officer, United States Department

of Transportation.

[FR Doc. 98–14709 Filed 6–2–98; 8:45 am]

BILLING CODE 4910–62–P