Federal Register / Vol. 66, No. 126 / Friday, June 29, 2001 / Notices 34729

9A participants can also use Profile’s records to

electronically append broker-dealer information to

a shareholder’s record at the limited participant.

10Securities Exchange Act Release No. 42704

(April 19, 2000), 65 FR 24242.

11Representatives from the above-referenced

organizations also sit on the DRS Committee, an

industry committee responsible for designing DRS.

12 If a securities issuer whose issue is currently

eligible in DRS does not agree to allow processing

of its securities through Profile by November 1,

2001, that issuer will be prohibited from

establishing any new DRS positions.

13 15 U.S.C. 78q–1. 14 17 CFR 200.30–3(a)(12).

dealer’s participant account at DTC

(‘‘Electronic Participant Instruction’’).9

Similarly, a DRS limited participant

using Profile may submit an investor’s

instruction for the movement of its

share position from the investor’s

broker-dealer’s participant account at

DTC to an account maintained by the

DRS limited participant (‘‘Electronic

Limited Participant Instruction’’).

At the time that the Commission

approved DTC’s proposed rule change

establishing Profile, it was contemplated

that an electronic medallion program

would be developed by a party that

currently administers a medallion

program in connection with transfers of

physical certificates and that such an

electronic medallion program would

become part of Profile.10 At a meeting

held on April 20, 2000, that included

representatives of the Securities

Transfer Association, the Corporate

Transfer Association, the American

Society of Corporate Secretaries, the

Securities Industry Association, DTC,

the staff of the Commission, and the

New York Stock Exchange, it was

decided that because of its role in DRS,

DTC would be a logical party to

administer a program that would

provide many of the benefits of an

electronic medallion program.11 At that

meeting, it was apparent that recipients

of Electronic Instructions would like to

have the benefits of a surety bond that

would be applicable when the obligor

did not honor its obligations.

As a result, DTC proposed the DTC

Profile Surety Program (‘‘PSP’’). PSP is

open only to DTC full or limited

participants. DTC is the program

administrator of PSP. Under PSP, in

order to send an Electronic Instruction,

an entity is required to procure a surety

bond. The surety bond has a limit of $2

million per occurrence with an

aggregate limit of $6 million. The surety

company issuing the surety bond must

be either a company picked by DTC as

the administrator of PSP or at the

election of the entity procuring the

surety bond an other surety company.

Any other such surety company must

issue its surety bond subject to the terms

and conditions established by DTC for

the PSP.

The PSP went into operation on May

3, 2001, with over twenty institutions

representing 43 participant account

numbers. With PSP in place, the DRS

Committee at a meeting on April 12,

2001 agreed to take steps to migrate into

Profile all securities issues currently in

DRS but not in Profile. This migration

is scheduled to be completed by

November 1, 2001.12

In addition to the migration into

Profile, DTC would change the DRS

default code for a W.T. from the current

‘‘C’’ for certificate to ‘‘S’’ for statement.

The ‘‘S’’ default code would be utilized

if a broker submitted a W.T. for a DRS

eligible issue that omitted a ‘‘C’’

certificate request on behalf of an

investor.

The proposed rule change is

consistent with the requirements of

Section 17A of the Act 13 and the rules

and regulations thereunder applicable to

DTC because the proposed rule change

will give participants more efficient

usage of DRS and because it will be

implemented consistently with the

safeguarding of securities and funds in

DTC’s custody or control or for which

it is responsible since the operation of

DRS, as modified by the proposed rule

change, will be similar to the current

operation of the function.

(B) Self-Regulatory Organization’s

Statement on Burden on Competition

DTC perceives no adverse impact on

competition by reason of the proposed

rule change.

(C) Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received from

Members, Participants or Others

Written comments relating to the

proposed rule change have not yet been

solicited or received. DTC will notify

the Commission of any written

comments received by DTC.

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 the self-regulatory

organization 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,

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

Section, 450 Fifth Street, NW.,

Washington, DC 20549. Copies of such

filing also will be available for

inspection and copying at the principal

office of DTC. All submissions should

refer to File No. SR–DTC–2001–07 and

should be submitted by July 20, 2001.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.14

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–16374 Filed 6–28–01; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3348]

State of Louisiana; Amendment #2

In accordance with a notice received

from the Federal Emergency

Management Agency, dated June 22,

2001, the above-numbered Declaration

is hereby amended to establish the

incident period for this disaster as

occurring between June 5, 2001 and

continuing through June 22, 2001.

All other information remains the

same, i.e., the deadline for filing

applications for physical damage is

August 10, 2001, and for loans for

economic injury is March 11, 2002.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008.)

34730 Federal Register / Vol. 66, No. 126 / Friday, June 29, 2001 / Notices

Dated: June 25, 2001.

Herbert L. Mitchell,

Associate Administrator for Disaster

Assistance.

[FR Doc. 01–16429 Filed 6–28–01; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3341]

State of Minnesota; Amendment #4

In accordance with a notice received

from the Federal Emergency

Management Agency, dated June 21,

2001, the above-numbered Declaration

is hereby amended to include Crow

Wing, Kandiyohi, Lake of the Woods

and Meeker Counties in the State of

Minnesota as disaster areas caused by

severe winter storms, flooding and

tornadoes occurring between March 23,

2001 and continuing.

Any counties contiguous to the above

named primary counties and not listed

here have been previously declared.

All other information remains the

same, i.e., the deadline for filing

applications for physical damage is July

15, 2001 and for economic injury the

deadline is February 15, 2002.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: June 22, 2001.

Herbert L. Mitchell,

Associate Administrator for Disaster

Assistance.

[FR Doc. 01–16433 Filed 6–28–01; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3350]

State of Pennsylvania

As a result of the President’s major

disaster declaration on June 21, 2001, I

find that Bucks and Montgomery

Counties in the State of Pennsylvania

constitute a disaster area due to

damages caused by Tropical Storm

Allison occurring on June 15 through

17, 2001. Applications for loans for

physical damage as a result of this

disaster may be filed until the close of

business on August 20, 2001 and for

economic injury until the close of

business on March 20, 2002 at the

address listed below or other locally

announced locations: U.S. Small

Business Administration, Disaster Area

1 Office, 360 Rainbow Blvd., South 3rd

Fl., Niagara Falls, NY 14303–1192.

In addition, applications for economic

injury loans from small businesses

located in the following contiguous

counties in Pennsylvania may be filed

until the specified date at the above

location: Berks, Chester, Delaware,

Lehigh, Northampton, and Philadelphia;

and Burlington, Hunterdon, Mercer, and

Warren counties in the State of New

Jersey.

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 335008. For

economic injury the number is 9L9700

for Pennsylvania, and 9L9800 for New

Jersey.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: June 22, 2001.

Herbert L. Mitchell,

Associate Administrator for Disaster

Assistance.

[FR Doc. 01–16431 Filed 6–28–01; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3347]

State of Texas; Amendment #2

In accordance with a notice received

from the Federal Emergency

Management Agency, dated June 20,

2001, the above-numbered Declaration

is hereby amended to establish the

incident period for this disaster as

occurring between June 5, 2001 and

continuing through June 20, 2001.

All other information remains the

same, i.e., the deadline for filing

applications for physical damage is

August 8, 2001, and for loans for

economic injury is March 8, 2002.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: June 22, 2001.

Herbert L. Mitchell,

Associate Administrator For Disaster

Assistance.

[FR Doc. 01–16430 Filed 6–28–01; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3339]

State of Wisconsin; Amendment #4

In accordance with a notice received

from the Federal Emergency

Management Agency, dated June 21,

2001, the above-numbered Declaration

is hereby amended to include

Outagamie and Winnebago Counties as

disaster areas caused by flooding, severe

storms and tornadoes occurring between

April 10, 2001 and continuing.

In addition, applications for economic

injury loans from small businesses

located in Brown, Calumet, Fond du

Lac, Green Lake, Shawano, Waupaca

and Waushara Counties in the State of

Wisconsin may be filed until the

specified date at the previously

designated location. Any counties

contiguous to the above named primary

counties and not listed here have been

previously declared.

All other information remains the

same, i.e., the deadline for filing

applications for physical damage is July

10, 2001 and for economic injury the

deadline is February 11, 2002.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: June 22, 2001.

Herbert L. Mitchell,

Associate Administrator for Disaster

Assistance.

[FR Doc. 01–16432 Filed 6–28–01; 8:45 am]

BILLING CODE 8025–01–P

UNITED STATES TRADE

REPRESENTATIVE

Request for Comment on Articles To

Be Considered for Accelerated Tariff

Elimination Under the North American

Free Trade Agreement

AGENCY: Office of the United States

Trade Representative (USTR).

ACTION: Notice of articles proposed for

accelerated tariff elimination under the

North American Free Trade Agreement

and request for comment.

SUMMARY: Section 201(b) of the North

American Free Trade Agreement

Implementation Act (‘‘the Act’’) (19

U.S.C 3331(b)) grants the President,

subject to the consultation and layover