Federal Register / Vol. 66, No. 107 / Monday, June 4, 2001 / Notices 30039

10See supra note 4. 11 In approving this proposal, the Commission has

considered its impact on efficiency, competition,

and capital formation. 15 U.S.C. 78c(f). 12 15 U.S.C. 78f(b)(5).

13See letter from Richard S. Rudolph, Counsel,

Phlx, to Jonathan G. Katz, Secretary, Commission,

Phlx, dated May 21, 2001.

14Telephone conversation between Richard S.

Rudolph, Counsel, Phlx, and Sapna C. Patel,

Attorney, Division of Market Regulation

(‘‘Division’’), Commission, on May 24, 2001.

15 Id. Phlx also represented that it would include

language in its circular clarifying that Auto–X will

not be re-engaged until the expiration of the 30

second period, even after a quote is revised.

Telephone conservation between Richard S.

Rudolph, Counsel, Phlx, and Sonia Patton,

Attorney, Division, Commission, on May 29, 2001.

16 15 U.S.C. 78s(b)(2).

17 Id. 18 17 CFR 200.30–3(a)(12).

public in accordance with the

provisions of 5 U.S.C. 552, will be

available for inspection and copying at

the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the principal office of the Exchange. All

submissions should refer to the File No.

SR–Phlx–2001–56 and should be

submitted by June 25, 2001.

IV. Summary of Comment Regarding

the Initial Pilot Program

The Commission received one

comment letter regarding the Initial

Pilot Program.10 The commenter

suggested that the Initial Pilot Program

lacked appropriate safeguards to ensure

time priority of customer orders when

they are transferred from AUTO–X to a

specialist. More specifically, the

commenter was concerned that orders

would not be executed immediately and

therefore, would not receive the best

price. In addition, the commenter

compared the disengagement of AUTO–

X to a trading halt without advance

published notice. Finally, the

commenter claimed that that the pilot

program would result in a loss of

predictability and reliability of quoted

Phlx prices and would allow specialists

to circumvent the Quote Rule, thereby

hindering market efficiency.

V. Commission’s Findings and Order

Granting Accelerated Approval of

Proposed Rule Change

The Commission finds that the

proposed rule change is consistent with

the requirements of the Act and the

rules and regulations thereunder

applicable to a national securities

exchange.11 In particular, the

Commission finds that the proposed

rule change is consistent with Section

6(b)(5) of the Act, which requires that

the rules of an exchange be designed to

promote just and equitable principles of

trade, remove impediments to and

perfect the mechanism of a free and

open market and a national securities

system, and protect investors and the

public interest.12 The Commission

believes that extension of the Initial

Pilot Program should help the Exchange

to prepare for disseminating its options

quotes with size. In addition, the

Commission believes that the proposal

may assist specialists in maintaining fair

and orderly markets during periods of

peak market activity.

The Commission recognizes that

during the six months of the Initial Pilot

Program, the Phlx has received no

complaints from customers, floor

traders, or member firms. The

Commission finds that the Phlx has

adequately responded to concerns

raised in the commenter’s letter.13 The

Exchange noted that Phlx Rule 1080(c)

provides the Phlx’s Options Committee

discretion to restrict the use of AUTO–

X in any options series. The Exchange

also clarified that orders will not be

executed at an inferior price simply

because they are not routed to the

specialist for manual handling; the

orders will be handled in a manner

consistent with the Exchange’s rules on

priority, parity, and precedence and in

compliance with the SEC’s Quote Rule

and Phlx Rule 1082 (‘‘Firm

Quotations’’).

Consequently, the Commission

believes that extending the Initial Pilot

Program for an additional six months in

a limited number of options should

enable the Phlx to further evaluate the

effect of disengaging AUTO–X under

certain circumstances. The Commission

finds that increasing the number of

options included in the pilot program to

an amount not to exceed 100 options is

reasonable because no problems were

reported during the six months of the

Initial Pilot Program.

The Commission notes that the

Exchange has represented that it will

continue to evaluate the pilot program

by reviewing specialists’ performance in

the selected options, and by monitoring

any complaints relating to the pilot

program.14 Furthermore, the

Commission notes that the Exchange

has represented that it will continue to

post on its website a list of options

included in the pilot program, as well

as issue a circular to this effect to

members, member organizations,

participants, and participant

organizations explaining the pilot

program and the circumstances in

which the AUTO–X system will not be

available for customer orders.15

Finally, the Commission finds good

cause, pursuant to section 19(b)(2) of the

Act,16 for approving the proposed rule

change prior to the thirtieth day after

the date of publication of notice thereof

in the Federal Register. The

Commission believes that granting

accelerated approval to extend the

Initial Pilot Program for six months will

allow Phlx to continue, without

interruption, the existing operation of

its AUTO–X system.

VI. Conclusion

It is therefore ordered, pursuant to

section 19(b)(2) of the Act,17 that the

proposed rule change (SR–Phlx–2001–

56) is hereby approved on an

accelerated basis, as a six-month pilot,

scheduled to expire on November 30,

2001.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.18

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–13955 Filed 6–1–01; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3320, Amdt. #6]

State of Washington

In accordance with a notice received

from the Federal Emergency

Management Agency, dated May 21,

2001, the above-numbered Declaration

is hereby amended to extend the

deadline for filing applications for

physical damages as a result of this

disaster to June 30, 2001.

All other information remains the

same, i.e., the deadline for filing

applications for economic injury the

deadline is November 30, 2001.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008.)

Dated: May 29, 2001.

James E. Rivera,

Acting Associate Administrator for Disaster

Assistance.

[FR Doc. 01–13954 Filed 6–1–01; 8:45 am]

BILLING CODE 8025–01–P

TENNESSEE VALLEY AUTHORITY

Paperwork Reduction Act of 1995, as

Amended by Public Law 104–13;

Proposed Collection, Comment

Request

AGENCY: Tennessee Valley Authority.

ACTION: Proposed collection; comment

request.

SUMMARY: The proposed information

collection described below will be

30040 Federal Register / Vol. 66, No. 107 / Monday, June 4, 2001 / Notices

submitted to the Office of Management

and Budget (OMB) for review, as

required by the Paperwork Reduction

Act of 1995 (44 U.S.C. Chapter 35, as

amended). The Tennessee Valley

Authority is soliciting public comments

on this proposed collection as provided

by 5 C.F.R. section 1320.8(d)(1).

Requests for information, including

copies of the information collection

proposed and supporting

documentation, should be directed to

the Agency Clearance Officer: Wilma H.

McCauley, Tennessee Valley Authority,

1101 Market Street (EB 5B),

Chattanooga, Tennessee 37402–2801;

(423) 751–2523.

DATES: Comments should be sent to the

Agency Clearance Officer no later than

August 3, 2001.

SUPPLEMENTARY INFORMATION:

Type of Request: Regular submission.

Title of Information Collection: Power

Distributor Monthly and Annual

Reports to TVA.

Frequency of Use: Monthly and

Annual.

Type of Affected Public: Business or

Local Government.

Small Businesses or Organizations

Affected: Yes.

Federal Budget Functional Category

Code: 271.

Estimated Number of Annual

Responses: 2,054.

Estimated Total Annual Burden

Hours: 3,792.

Estimated Average Burden Hours Per

Response: 1.8 hours.

Need For and Use of Information:

This information collection supplies

TVA with financial and accounting

information to help ensure that electric

power produced by TVA is sold to

consumers at rates which are as low as

feasible.

Jacklyn J. Stephenson,

Senior Manager, Enterprise Operations

Information Services.

[FR Doc. 01–13938 Filed 6–1–01; 8:45 am]

BILLING CODE 8120–08–U

DEPARTMENT OF TRANSPORTATION

Coast Guard

[USCG 2001–9764]

Collection of Information Under

Review by Office of Management and

Budget (OMB): OMB Control Number

2115–0633

AGENCY: Coast Guard, DOT.

ACTION: Request for comments.

SUMMARY: In compliance with the

Paperwork Reduction Act of 1995, the

Coast Guard intends to seek the

approval of OMB for the renewal of one

Information Collection Request (ICR).

The ICR concerns the Streamlined

Inspection Program. Before submitting

the ICR to OMB, the Coast Guard is

requesting comments on it.

DATES: Comments must reach the Coast

Guard on or before August 3, 2001.

ADDRESSES: You may mail comments to

the Docket Management System (DMS)

[USCG 2001–9764], U.S. Department of

Transportation (DOT), room PL–401,

400 Seventh Street SW., Washington,

DC 20590–0001, or deliver them to room

PL–401, located on the Plaza Level of

the Nassif Building at the same address

between 9 a.m. and 5 p.m., Monday

through Friday, except Federal holidays.

The telephone number is 202–366–

9329.

The DMS maintains the public docket

for this request. Comments will become

part of this docket and will be available

for inspection or copying in room PL–

401, located on the Plaza Level of the

Nassif Building at the above address

between 9 a.m. and 5 p.m., Monday

through Friday, except Federal holidays.

You may also access this docket on the

Internet at http://dms.dot.gov.

Copies of the complete ICR are

available through this docket on the

Internet at http://dms.dot.gov and also

from Commandant (G–CIM–2), U.S.

Coast Guard Headquarters, room 6106

(Attn: Barbara Davis), 2100 Second

Street SW., Washington, DC 20593–

0001. The telephone number is 202–

267–2326.

FOR FURTHER INFORMATION CONTACT:

Barbara Davis, Office of Information

Management, 202–267–2326, for

questions on this document; or Dorothy

Beard, Chief, Documentary Services

Division, U.S. Department of

Transportation, 202–366–5149, for

questions on the docket.

Request for Comments

The Coast Guard encourages

interested persons to submit written

comments. Persons submitting

comments should include their names

and addresses, identify this document

[USCG 2001–9764], and give the reason

for the comments. Please submit all

comments and attachments in an

unbound format no larger than 81⁄2 by

11 inches, suitable for copying and

electronic filing. Persons wanting

acknowledgment of receipt of comments

should enclose stamped self-addressed

postcards or envelopes.

Information Collection Request

1. Title: Streamlined Inspection

Program.

OMB Control Number: 2115–0633.

Summary: The Coast Guard

established an optional Streamlined

Inspection Program (SIP) to provide

owners and operators of U.S. vessels an

alternative method of complying with

inspection requirements of the Coast

Guard.

Need: Owners and operators of

vessels opting to participate in the

program will maintain each of their

covered vessels in compliance with a

Company Action Plan (CAP) and Vessel

Action Plan (VAP) and have their own

personnel periodically perform many of

the tests and examinations normally

conducted by marine inspectors of the

Coast Guard. The Coast Guard expects

that participating vessels will

continuously meet a higher level of

safety and readiness throughout the

inspection cycle.

Respondents: Operators and owners

of vessels.

Frequency: On occasion.

Burden Estimate: The estimated

burden is 32,244 hours a year.

Dated: May 21, 2001.

V.S. Crea,

Director of Information and Technology.

[FR Doc. 01–13927 Filed 6–1–01; 8:45 am]

BILLING CODE 4910–15–U

DEPARTMENT OF TRANSPORTATION

Coast Guard

[USCG–2001–9762]

National Boating Safety Advisory

Council; Vacancies

AGENCY: Coast Guard, DOT.

ACTION: Request for applications.

SUMMARY: The Coast Guard seeks

applications for membership on the

National Boating Safety Advisory

Council (NBSAC). NBSAC advises the

Coast Guard on matters related to

recreational boating safety.

DATES: Application forms should reach

us on or before September 10, 2001.

ADDRESSES: You may request an

application form by writing to

Commandant (G–OPB–1), U.S. Coast

Guard, 2100 Second Street SW.,

Washington, DC 20593–0001; by calling

202–267–0950; or by faxing 202–267–

4285. Send your application in written

form to the above street address. This

notice and the application form are

available on the Internet at http://

dms.dot.gov.

FOR FURTHER INFORMATION CONTACT: Mr.

A. J. Marmo, Executive Director of

NBSAC, telephone 202–267–0950, fax

202–267–4285.