31730 Federal Register / Vol. 66, No. 113 / Tuesday, June 12, 2001 / Notices

10The Commission notes the Exchange’s

obligation to submit to the Commission

(individually or jointly with other exchanges) a

study regarding the impact of decimal pricing on

systems capacity, liquidity, and trading behavior

(‘‘Decimals Study’’), pursuant to a Commission

Order dated June 8, 2000. See Securities Exchange

Act Release No. 42914 (June 8, 2000); 65 FR 38010

(June 19, 2000), as amended by Securities Exchange

Act Release No. 44336 (May 22, 2001); 66 FR 29368

(May 30, 2001) (extending the deadline to submit

the Decimals Study). The Commission expects the

Exchange to evaluate in the Decimals Study the

effect of amended Rule 229 on equity specialists’

handling of customer limit orders for more than 299

shares.

11 17 CFR 200.30–3(a)(12).

onerous to equity specialists in today’s

marketplace when required to guarantee

a minimum of 599 shares. Specifically,

specialists face situations where bids

and offers as small as 100 shares trigger

the PACE Quote guarantees described

above. Small size quotes, however,

might not necessarily reflect the overall

market price at a given time.

Nevertheless, under the PACE rule, in

certain circumstances it is the

specialist’s duty to give the NBBO price,

regardless of the size of the NBBO.

Particularly, when the specialist’s

guarantee is set at the current minimum

of 599 shares, the size of the PACE

Quote does not affect the price at which

orders up to 599 shares are executed.

Thus, the Exchange hereby proposes

to decrease the minimum automatic

execution size from 599 to 299 shares,

which should decrease the amount of

orders that qualify for the above

automatic price guarantee features; and

should allow the specialist to choose to

handle more orders manually, and

voluntarily, in accordance with

Supplementary Material .05 and .10,

thereby alleviating some of the burdens

of mandatory execution guarantees. In

addition, when an order is greater than

the size of the PACE Quote, the proposal

will offer the specialist the option to

give the order an execution at the PACE

Quote, either manually or automatically,

up to the PACE Quote size. In other

words, the specialist may choose

manual or automatic execution up to the

PACE Quote size portion of his order,

but it remains his choice, just as he may

still choose to guarantee an automatic

execution at the PACE Quote for orders

up to the size of his elected ‘‘automatic

execution guarantee,’’ as stated in

Supplementary Material .05. As such,

the automatic execution guarantee will

be more sensitive to the size of the

PACE Quote.

For these reasons, the Exchange

believes that this proposal 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 should

promote just and equitable principles of

trade, by fostering fair and orderly

markets while relieving specialists of

the duty to execute certain orders at a

guaranteed price, where that price

would otherwise not be available for the

size that the specialist must guarantee.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Phlx does not believe that the

proposed rule change will impose any

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 received.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

The foregoing proposed rule change

has been designated as a rule effecting

a change in an existing order-entry or

trading system of a self-regulatory

organization, pursuant to section

19(b)(3)(A) of the Act and Rule 19b–

4(f)(5) thereunder. 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. 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–2001–46 and should be

submitted by July 3, 2001.10

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.11

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–14735 Filed 6–11–01; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3336]

State of Kansas; Amendment No. 1

In accordance with a notice received

from the Federal Emergency

Management Agency, dated May 1,

2001, the above-numbered Declaration

is hereby amended to establish the

incident period for this disaster as

occurring between April 21, 2001 and

continuing through May 1, 2001. All

other information remains the same, i.e.,

the deadline for filing applications for

physical damage is June 26, 2001 and

for economic injury the deadline is

January 28, 2002.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: June 6, 2001.

Allan I. Hoberman,

Acting Associate Administrator for Disaster

Assistance.

[FR Doc. 01–14751 Filed 6–11–01; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3343]

State of Ohio

Scioto County and the contiguous

counties of Adams, Jackson, Lawrence

and Pike in the State of Ohio; and

Greenup and Lewis Counties in the

Commonwealth of Kentucky constitute

a disaster area due to damages caused

by severe thunderstorms, high winds

and flooding which began on May 17,

2001 and continued through May 26,

2001. Applications for loans for

physical damage may be filed until the

close of business on August 3, 2001 and

for economic injury until the close of

business on March 4, 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

The interest rates are:

Federal Register / Vol. 66, No. 113 / Tuesday, June 12, 2001 / Notices 31731

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 334311 for Ohio

and 334411 for Kentucky. The number

assigned to this disaster for economic

injury is 9L8000 for Ohio and 9L8100

for Kentucky.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: June 4, 2001.

John Whitmore,

Acting Administrator.

[FR Doc. 01–14750 Filed 6–11–01; 8:45 am]

BILLING CODE 8025–01–P

DEPARTMENT OF TRANSPORTATION

Office of the Secretary

Notice of Applications for Certificates

of Public Convenience and Necessity

and Foreign Air Carrier Permits Filed

Under Subpart B (formerly Subpart Q)

during the Week Ending June 1, 2001

The following Applications for

Certificates of Public Convenience and

Necessity and Foreign Air Carrier

Permits were filed under Subpart B

(formerly Subpart Q) of the Department

of Transportation’s Procedural

Regulations (See 14 CFR 301.201 et

seq.). The due date for Answers,

Conforming Applications, or Motions to

Modify Scope are set forth below for

each application. Following the Answer

period, DOT may process the

application by expedited procedures.

Such procedures may consist of the

adoption of a show-cause order, a

tentative order, or in appropriate cases

a final order without further

proceedings.

Docket Number: OST–2001–9824.

Date Filed: May 31, 2001.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: June 21, 2001.

Description: Application of Federal

Express Corporation pursuant to 49

U.S.C. section 41102 and Subpart B,

requesting renewal and amendment of

its certificate of public convenience and

necessity for Route 568 to provide

scheduled foreign air transportation of

property and mail between points in the

United States, on the one hand, and

points in Mexico, on the other hand.

Docket Number: OST–1995–766.

Date Filed: June 1, 2001.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: June 22, 2001.

Description: Application of American

Airlines, Inc., pursuant to 49 U.S.C.

section 41108 and 14 CFR part 377,

requesting renewal of its certificate

authority to serve between U.S. points

and Barcelona, Spain on segment 3 of its

certificate for Route 602.

Docket Number: OST–2001–9826.

Date Filed: June 1, 2001.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: June 22, 2001.

Description: Application of MEDjet

International, Inc., pursuant to 49 U.S.C.

section 41102 and Subpart B, requesting

a certificate of public convenience and

necessity to engage in (i) interstate

charter air transportation of persons,

property and mail; and, (ii) foreign air

transportation of persons, property and

mail.

Docket Number: OST–2001–9828.

Date Filed: June 1, 2001.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: June 22, 2001.

Description: Application of Northwest

Airlines, Inc., pursuant to 49 U.S.C.

41102 and Subpart B, requesting an

amendment of its Experimental

Certificate of Public Convenience and

Necessity for Route 564 (U.S.-Mexico) to

incorporate segments authorizing

service between Seattle and San Jose del

Cabo/Puerto Vallarta/Mazatlan; (ii) San

Francisco and Zihuatanejo; and (iii) Los

Angeles and Manzanillo/Zihuatanejo.

Dorothy Y. Beard,

Federal Register Liaison.

[FR Doc. 01–14726 Filed 6–11–01; 8:45 am]

BILLING CODE 4910–62–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

[Dockets No. FAA–2001–9852; No. FAA–

2001–9854]

Notice of Alternative Policy Options for

Managing Capacity at LaGuardia

Airport and Proposed Extension of the

Lottery Allocation

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Request for comments on

alternative policy options for managing

capacity and mitigating congestion and

delay at LaGuardia Airport (LGA) and

the proposed extension of the lottery

allocation.

SUMMARY: The Federal Aviation

Administration is gathering information

on the feasibility and effectiveness of a

limited number of demand management

options that could replace the current

temporary administrative limits on the

number of aircraft operations at LGA

which are scheduled to expire on

September 15, 2001. Because of the

unique circumstances that exist at LGA

and the need to avoid gridlock at one of

the nation’s most critical airports, the

FAA is examining various demand

management approaches—that is,

approaches that would continue to bring

airport demand and capacity into

equilibrium. The options discussed

below are classified into either marketbased or administrative options. While

two specific options submitted by the

Port Authority of New York and New

Jersey (PANYNJ) are included for

comment in this Federal Register

Notice, FAA does not propose, nor

endorse, either of these options at this

time.

The FAA will use the information

provided by interested parties, as well

as other research, to identify an access

management process that will allocate

LGA’s limited capacity among aircraft

operators. Commenters are requested to

discuss how the various demand

management options would affect other

important public policy objectives, such

as airline competition and small

community access to important air

travel markets, and may raise legal and

regulatory impediments, although that

is not the focus of this notice.

DATES: Comments on Phase One, the

temporary extension of the current

administrative lottery allocation beyond

September 14, 2001, must be received

by July 12, 2001. Comments on Phase

Two, demand management options to

replace the current administrative

allocation, must be received by August

13, 2001.