27720 Federal Register / Vol. 66, No. 97 / Friday, May 18, 2001 / Notices

44 15 U.S.C. 78f(b).

45 15 U.S.C. 78(b)(4).

46Written comments were received in connection

with the first proposed rule change relating to the

credit, which implemented the initial pilot program

for the credit (in effect May 16, 2000 through

November 16, 2000). Those comments are discussed

in the Commission’s Notice of Filing and Immediate

Effectiveness of that initial pilot program. See

Securities Exchange Act Release Act Release No.

42791 (May 16, 2000), 65 FR 33606 (May 24,

2000)(SR–Phlx–00–44).

47 15 U.S.C. 78s(b)(3)(A)(ii).

48 17 CFR 240.19b–4(f)(2). 49 17 CFR 200.30–3(a)(12).

or related entity of the clearing firm that

provides clearing services to the leasing

member should also be eligible to

receive the credit. Members have a close

connection to their clearing firms, or

related entity of the clearing firms, in

that the clearing firms provide

important and essential services by

contractual agreement with such

members; for instance, they guarantee

members’ trades. In addition, clearing

firms lend money and extend credit;

they also manage risk by way of tracing

positions and other monitoring

functions. Moreover, the clearing firm

offers various ancillary services to the

members, including stock executions

services, office space and other business

amenities. Therefore, given this close

connection between the members and

clearing firms or their affiliates, the

Exchange believes that the credit is

appropriate and should further their

joint interest in the well-being of the

Exchange.

2. Statutory Basis

For these reasons, the Exchange

believes that the proposed rule change

is consistent with Section 6(b) of the

Act,44 in general, and with Section

6(b)(4).45

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange believes that the

proposed rule change imposes no

inappropriate 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 either

solicited or received respecting the

permanent adoption of the credit for 36

months.46

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

The Exchange has designated the

proposed rule change as a fee change

pursuant to Section 19(b)(3)(A)(ii) of the

Act 47 and Rule 19b–4(f)(2) thereunder 48

because it establishes a due, fee or other

charge. Accordingly, the proposal will

take effect upon filing with the

Commission. At any time within 60

days of the filing of the proposed rule

change, the Commission may summarily

abrogate such rule change if it appears

to the Commission that such action is

necessary or appropriate in the public

interest, for the protection of investors,

or otherwise in furtherance of the

purposes of the Act.

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, NW.,

Washington, DC 20549–0609. 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 NW.,

Washington DC 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of the Phlx. All submissions

should refer to File No. SR–Phlx–2001–

49, and should be submitted by June 8,

2001.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.49

Jonathan G. Katz,

Secretary.

[FR Doc. 01–12543 Filed 5–17–01; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3338]

State of Illinois

As a result of the President’s major

disaster declaration on May 9, 2001, I

find that Carroll, Hancock, Henderson,

Jo Daviess, Rock Island and Whiteside

Counties in the State of Illinois

constitute a disaster area due to

damages caused by flooding occurring

between April 18, 2001 and continuing.

Applications for loans for physical

damage as a result of this disaster may

be filed until the close of business on

July 9, 2001 and for economic injury

until the close of business on February

11, 2002 at the address listed below or

other locally announced locations: U.S.

Small Business Administration, Disaster

Area 2 Office, One Baltimore Place,

Suite 300, Atlanta, GA 30308.

In addition, applications for economic

injury loans from small businesses

located in the following contiguous

counties in Illinois may be filed until

the specified date at the above location:

Adams, Bureau, Henry, Lee,

McDonough, Mercer, Ogle, Schuyler,

Stephenson and Warren; Clark and

Lewis Counties in the State of Missouri;

and Grant and Lafayette Counties in the

State of Wisconsin.

The interest rates are:

Percent

For Physical Damage:

Homeowners With Credit

Available Elsewhere .......... 6.625

Homeowners Without Credit

Available Elsewhere .......... 3.312

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 333806. For

economic injury the numbers assigned

are 9L6600 for Illinois; 9L6700 for

Missouri; 9L6800 for Wisconsin. Iowa

counties contiguous to the above named

primary counties are not listed here

because they have been previously

declared.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: May 11, 2001.

James E. Rivera,

Acting Associate Administrator For Disaster

Assistance.

[FR Doc. 01–12502 Filed 5–17–01; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3339]

State of Wisconsin

As a result of the President’s major

disaster declaration on May 11, 2001, I