Federal Register / Vol. 60, No. 101 / Thursday, May 25, 1995 / Notices 27801

1 15 U.S.C. 78s(b)(1) (1988).

2 15 U.S.C. 78s(b)(2) (1988).

3 15 U.S.C. 78s(b)(3)(A) (1988).

4Letter from John P. Barry, Associate Counsel,

NSCC, to Peter Geraghty, Senior Counsel, Division

of Market Regulation, Commission (April 24, 1995).

5The Commission has modified parts of these

statements. 6 17 CFR 200.30–3(a)(12) (1994).

(‘‘Act’’),1 notice is hereby given that on

April 19 1995, the National Securities

Clearing Corporation (‘‘Commission’’)

the proposed rule change (File No. SR–

NSCC–95–05) as described in Items I, II,

and III below, which items have been

prepared primarily by NSCC. On April

24, 1995, NSCC filed an amendment to

the proposed rule change requesting the

Commission to consider the rule filing

pursuant to Section 19(b)(2) 2 of the Act

rather than under Section 19(b)(3)(A) 3

of the Act as originally filed.4 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 purpose of the proposed rule is

to modify NSCC’s procedures relating to

the trade comparison service for debt

securities. Specifically, NSCC is

proposing to expand the parameters for

trade input and trade comparison for

transactions in debt securities.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission,

NSCC 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 IV below. Set forth in sections

(A), (B), and (C) below, are the most

significant aspects of such statements.5

(A) Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

The purpose of the proposed rule

change is to expand the parameters for

trade input and comparison of

transactions in debt securities. The

proposed rule change will increase the

initial trade date comparison rate for

debt securities by expanding the

comparison parameters from $.05 per

$1,000 of contract amount to a net $10

difference per trade for trades of

$100,000 or less and to $.10 per $1,000

of contract amount for trades greater

than $100,000. If approved by the

Commission, NSCC expects to

implement the proposed rule change

during late second quarter 1995.

Participants will be notified of the exact

date of this change by an NSCC

Important Notice.

NSCC believes the proposed rule

change is consistent with the

requirements of Section 17A of the Act

and the rules and regulations

thereunder because the rule proposal

will facilitate the prompt and accurate

clearance and settlement of securities

transactions.

(B) Self-Regulatory Organization’s

Statement on Burden on Competition

NSCC does not believe that the

proposed rule change will impact or

impose a 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 relating to the

proposed rule change have been

solicited or received. NSCC will notify

the Commission of any written

comments received by NSCC.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within thirty-five 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

ninety 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 NSCC 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, 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 NSCC. All submissions should

refer to the file number SR–NSCC–95–

05 and should be submitted by June 15,

1995.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.6

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–12805 Filed 5–24–95; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster Loan Area #2775]

Louisiana; Declaration of Disaster

Loan Area

As a result of the President’s major

disaster declaration on May 10, 1995,

and amendments thereto on May 11, I

find that the following parishes in the

State of Louisiana constitute a disaster

area due to damages caused by severe

storms, tornadoes, and flooding

beginning on May 8, 1995 and

continuing: Ascension, Assumption,

Jefferson, LaFourche, Orleans, St.

Bernard, St. Charles, St. James, St. John

the Baptist, St. Tammany, Tangipahoa,

and Terrebonne. Applications for loans

for physical damages may be filed until

the close of business on July 10, 1995,

and for loans for economic injury until

the close of business on February 12,

1996, at the address listed below: U.S.

Small Business Administration, Disaster

Area 3 Office, 4400 Amon Carter Blvd.,

Suite 102, Ft. Worth, TX 76155, or other

locally announced locations. In

addition, applications for economic

injury loans from small businesses

located in the following contiguous

parishes and counties may be filed until

the specified date at the above location:

East Baton Rouge, Iberia, Iberville,

Livingston, Plaquemines, St. Helena. St.

Martin, St. Mary, and Washington

Parishes in Louisiana, and Amite,

Hancock, Pearl River, and Pike Counties

in Mississippi.

The interest rates are:

Percent

For Physical Damage:

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

Homeowners without credit

available elsewhere ............... 4.000
27802 Federal Register / Vol. 60, No. 101 / Thursday, May 25, 1995 / Notices

Percent

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 277506. For

economic injury the numbers are

851900 for Louisiana and 852000 for

Mississippi.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008.)

Dated: May 17, 1995.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 95–12892 Filed 5–24–95; 8:45 am]

BILLING CODE 8025–01–M

[Declaration of Disaster Loan Area #2776]

Mississippi; Declaration of Disaster

Loan Area

As a result of the President’s major

disaster declaration on May 12, 1995, I

find that Hancock, Harrison, and Pearl

River Counties in the State of

Mississippi constitute a disaster area

due to damages caused by severe

storms, tornadoes, and flooding

beginning on May 8, 1995 and

continuing. Applications for loans for

physical damages may be filed until the

close of business on July 10, 1995, and

for loans for economic injury until the

close of business on February 12, 1996,

at the address listed below: U.S. Small

Business Administration, Disaster Area

2 Office, One Baltimore Place, Suite

300, Atlanta, GA 30308, or other locally

announced locations. In addition,

applications for economic injury loans

from small businesses located in the

contiguous counties of Forrest, Jackson,

Lamar, Marion, and Stone in the State

of Mississippi may be filed until the

specified date at the above location.

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

Percent

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

Other (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 277606 and for

economic injury the number is 852000.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008.)

Dated: May 17, 1995.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 95–12893 Filed 5–24–95; 8:45 am]

BILLING CODE 8025–-01–17

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Approval of Noise Compatibility

Program Bishop International Airport

Flint, MI

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice.

SUMMARY: The Federal Aviation

Administration (FAA) announces its

findings on the noise compatibility

program submitted by Bishop

International Airport Authority,

Michigan, under the provisions of Title

I of the Aviation Safety and Noise

Abatement Act of 1979 (Public Law 96–

193) and 14 CFR Part 150. These

findings are made in recognition of the

description of Federal and nonfederal

responsibilities in Senate Report No.

96–52 (1980). On March 1, 1993, the

FAA determined that the noise exposure

maps submitted by Bishop International

Airport Authority under Part 150 were

in compliance with applicable

requirements. On July 25, 1994, the

Assistant Administrator for Airports

approved the Bishop International

Airport noise compatibility program.

All but one of the recommendations

of the program were approved; Noise

Abatement Item 1b was disapproved

pending submittal of additional

information. The approved program

consists of two (2) noise abatement

measure and five (5) land use measures.

EFFECTIVE DATE: The effective date of the

FAA’s approval of the Bishop

International Airport noise

compatibility program is July 25, 1994.

FOR FURTHER INFORMATION CONTACT:

Ernest Gubry, Federal Aviation

Administration, Detroit Airports District

Office, Willow Run Airport, East, 8820

Beck Road, Belleville, Michigan 48111,

313–487–7280. Documents reflecting

this FAA action may be reviewed at this

same location.

SUPPLEMENTARY INFORMATION: This

notice announces that the FAA has

given its overall approval to the noise

compatibility program for Bishop

International Airport, effective July 25,

1994.

Under section 104(a) of the Aviation

Safety and Noise Abatement Act of 1979

(hereinafter referred to as ‘‘the Act’’), an

airport operator who has previously

submitted a noise exposure map may

submit to the FAA a noise compatibility

program which sets forth the measures

taken or proposed by the airport

operator for the reduction of existing

noncompatible land uses and

prevention of additional noncompatible

land uses within the area covered by the

noise exposure maps. The Act requires

such programs to be developed in

consultation with interested and

affected parties including local

communities, government agencies,

airport users, and FAA personnel.

Each airport noise compatibility

program developed in accordance with

Federal Aviation Regulations (FAR) Part

150 is a local program, not a Federal

program. The FAA does not substitute

its judgment for that of the airport

proprietor with respect to which

measures should be recommended for

action. The FAA’s approval or

disapproval of FAR Part 150 program

recommendations is measured

according to the standards expressed in

Part 150 and the Act, and is limited to

the following determinations:

a. The noise compatibility program

was developed in accordance with the

provisions and procedures of FAR Part

150;

b. Program measures are reasonably

consistent with achieving the goals of

reducing existing noncompatible land

uses around the airport and preventing

the introduction of additional

noncompatible land uses;

c. Program measures would not create

an undue burden on interstate or foreign

commerce, unjustly discriminate against

types or classes of aeronautical uses,

violate the terms of airport grant

agreements, or intrude into areas

preempted by the Federal Government;

and

d. Program measures relating to the

use of flight procedures can be

implemented within the period covered

by the program without derogating