20780 Federal Register / Vol. 60, No. 81 / Thursday, April 27, 1995 / Notices

1The Commission approved the pilot program in

Securities Exchange Act Release No. 33957 (April

22, 1994), 59 FR 22188 (April 29, 1994) (‘‘1994

Approval Order’’). 2See 1994 Approval Order, supra note 1.

needed by the Railroad Retirement

Board to implement the benefit

withholding provisions of Pub. L. 98–

21.

ADDITIONAL INFORMATION OR COMMENTS:

Copies of the form and supporting

documents can be obtained from Chuck

Mierzwa, the agency clearance officer

(312–751–3363). Comments regarding

the information collection should be

addressed to Ronald J. Hodapp, Railroad

Retirement Board, 844 North Rush

Street, Chicago, Illinois 60611–2092 and

the OMB reviewer, Laura Oliven (202–

395–7316), Office of Management and

Budget, Room 10230, New Executive

Office Building, Washington, DC. 20503.

Chuck Mierzwa,

Clearance Officer.

[FR Doc. 95–10336 Filed 4–26–95; 8:45 am]

BILLING CODE 7905–01–M

Public Hearing

Notice is hereby given that the

Railroad Retirement Board, acting

through its designated Hearings

Examiner, will hold a hearing on May

22, 1995, 9:00 a.m., at the Board’s

meeting room on the 8th floor of its

headquarters building, 844 North Rush

Street, Chicago, Illinois, 60611. The

hearing will be held at the request of the

CSX Intermodal for the purpose of

taking evidence relating to status of

their company under the Railroad

Retirement and Railroad Unemployment

Insurance Acts.

The entire hearing will be open to the

public. The person to contact for more

information is Thomas W. Sadler,

Assistant General Counsel (312) 751–

4513, TDD (312) 751–4701.

Dated: April 21, 1995.

Beatrice Ezerski,

Secretary to the Board.

[FR Doc. 95–10317 Filed 4–26–95; 8:45 am]

BILLING CODE 7905–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–35635; File No. SR–Amex–

95–11]

Self-Regulatory Organizations; Notice

of Filing and Order Granting

Accelerated Approval of Proposed

Rule Change by the American Stock

Exchange, Inc. Relating to

Amendments to Rule 170 Pertaining to

Specialists’ Liquidating Transactions

April 21, 1995.

Pursuant to section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’), 15 U.S.C. 78s(b)(1), notice is

hereby given that on March 6, 1995, the

American Stock Exchange, Inc.

(‘‘Amex’’ or ‘‘Exchange’’) filed with the

Securities and Exchange Commission

(‘‘Commission’’) the proposed rule

change as described in Items I and II

below, which Items have been prepared

by the self-regulatory organization. The

Commission is publishing this notice to

solicit comments on the proposed rule

change from interested persons.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The Amex requests a three-month

extension of a pilot program that

amended Exchange Rule 170 to permit

a specialist to effect a liquidating

transaction on a zero minus tick, in the

case of a ‘‘long’’ position, or a zero plus

tick, when covering a ‘‘short’’ position,

without Floor Official approval. The

pilot program also amended Rule 170 to

set forth the affirmative action that

specialists are required to take

subsequent to effecting various types of

liquidating transactions.1

The Exchange requests accelerated

approval of the proposed rule change to

enable the pilot, which would otherwise

expire on April 22, 1995, to continue on

an uninterrupted basis.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission, the

self-regulatory organization included

statements concerning the purpose of

and basis for the proposed rule change

and discussed any comments it received

on the proposed rule change. The text

of these statements may be examined at

the places specified in Item III below.

The self-regulatory organization 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

1. Purpose

On April 22, 1994, the Commission

approved, on a one-year pilot basis,

amendments to Exchange Rule 170 to

permit a specialist to effect a liquidating

transaction on a zero minus tick, in the

case of a ‘‘long’’ position, or a zero plus

tick, when covering a ‘‘short’’ position,

without Floor Official approval.2 The

amendments also set forth the

affirmative action that specialists are

required to take subsequent to effecting

various types of liquidating

transactions.

During the course of the pilot

program, the Exchange has monitored

compliance with the requirements of the

Rule and is in the process of preparing

a report summarizing the results of its

surveillance. In order to permit the pilot

program to continue without

interruption while the Exchange

completes its report, it is proposing that

the pilot program be extended for three

months.

2. Statutory Basis

The proposed rule change is

consistent with Section 6(b) of the Act

in general, and furthers the objectives of

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

designed to promote just and equitable

principles of trade, remove

impediments to and perfect the

mechanism of a free and open market,

and, in general, protect investors and

the public interest. The proposed rule

change also is consistent with Section

11(b) of the Act which allows exchanges

to promulgate rules relating to

specialists in order to maintain fair and

orderly markets.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The proposed rule change will impose

no burden on competition.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants or Others

No written comments were solicited

or received with respect to the proposed

rule change.

III. 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