Federal Register / Vol. 60, No. 250 / Friday, December 29, 1995 / Notices 67387

2See Securities Exchange Act Release No. 36040

(July 31, 1995), 60 FR 40215 (Aug. 7, 1995) (File

No. SR–NYSE–95–15).

3The following language, which is also in use by

the NYSE, will be used: ‘‘As an alternative to

completing this form, you may enter your vote

instructions by telephone. Call toll free 1–800–454–

8683 and follow the simple instructions.’’ In

Amendment No. 1, the Exchange clarifies that if the

specific language in the voting form to inform

beneficial owners of the new telephone voting

option is changed in any manner, the Exchange will

contact the Commission and receive approval

before using the new language. 4 17 CFR 240.19b-4(e)(6).

back to the members organization or its

agent. Beneficial owners presently also

have the option of providing oral voting

instructions to the member organization.

The New York Stock Exchange

(‘‘NYSE’’) recently amended its rules to

permit member organizations or their

proxy agents to use automated

telephone voting systems to receive

voting instructions from beneficial

owners.2 Such systems permit beneficial

owners to give voting instructions on

appropriate corporate proposals through

a touch tone telephone, which utilizes

identification codes and provides a

validation opportunity to confirm that

the voting instructions were received

correctly. This type of system is deemed

to be less prone to tabulation error than

the current system.

To provide member organizations and

beneficial owners of securities with

consistent industry procedures (which

in turn are more efficient and cost

effective) the Exchange is proposing to

conform its rules to those of the NYSE

by amending Rule 577 and Section 723

of the Company Guide to permit the use

of automated telephone voting systems

by member organizations and their

proxy agents. Beneficial owners will be

informed of the new voting option by

specific language at the top of the voting

form.3 However, the use of such systems

will not be mandatory, and beneficial

owners will still have the option to vote

in writing using the voting authorization

form.

The proposed rule change provides

that only those automated telephone

systems which have received Exchange

approval may be used by member

organizations or their proxy agents, and

specifies that the Exchange may only

approve an automated system if it

provides an identification code for

beneficial owners as well as an

opportunity for beneficial owners to

validate instructions to ensure that they

were received correctly. In addition, the

automated system must provide

beneficial owners with the same power

and authority to issue, revoke, or

otherwise change voting instructions as

currently exists for instructions

communicated in written form. Further,

member organizations or their agents

utilizing this method must maintain

records of voting, including the date of

receipt of the instructions and the name

of the recipient.

Initially, the Exchange anticipates

approving only the Automatic Data

Processing Brokerage Information

Services Group (‘‘ADP’’), which is also

the only system currently approved by

the NYSE. As is the case with the NYSE,

the Exchange will consult with the

Commission Staff prior to approving

any additional system(s) and will only

approve such system(s) if the

Commission Staff believes that it

operates in a manner consistent with

Section 14(a) of the Act and the rules

and regulations thereunder.

2. Statutory Basis

The proposed rule change 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 is

designed to promote just and equitable

principles of trade, to foster cooperation

and coordination with persons engaged

in regulating, clearing, settling,

processing information with respect to,

and facilitating transactions in

securities, to remove impediments to

and perfect the mechanism of a free and

open market and a national market

system, and, in general, to protect

investors and the public interest.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The proposed rule change will impose

no 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 solicited

or received with respect to the proposed

rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Because the foregoing proposed rule

change: (1) Does not significantly affect

the protection of investors or the public

interest; (2) does not impose any

significant burden on competition; (3)

does not become operative for 30 days

from December 13, 1995, the date on

which it was filed, and the Exchange

provided the Commission with written

notice of its intent to file the proposed

rule change at least five business days

prior to the filing date, it has become

effective pursuant to Section 19(b)(3)(A)

of the Act and Rule 19b–4(e)(6)

thereunder.4

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.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

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 at

the Commission’s Public Reference

Section, 450 Fifth Street, NW.,

Washington, D.C. 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of the Exchange. All submissions

should refer to File No. SR-Amex-95-51

and should be submitted by January 19,

1996.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–31509 Filed 12–28–95; 8:45 am]

BILLING CODE 8010–01–M

SOCIAL SECURITY ADMINISTRATION

Agency Forms Submitted to the Office

of Management and Budget for

Clearance

Normally on Fridays, the Social

Security Administration publishes a list

of information collection packages that

will require submission to the Office of

Management and Budget (OMB) for

clearance in compliance with Public

Law 96–511, as amended (Pub. L. 104–

13 effective October 1, 1995), The

Paperwork Reduction Act. Since the last

list was published in the Federal
67388 Federal Register / Vol. 60, No. 250 / Friday, December 29, 1995 / Notices

Register on December 22, 1995, the

information collections listed below

have been proposed or will require

extension of the current OMB approval.

(Call the SSA Reports Clearance

Officer on (410) 965–4142 for a copy of

the form(s) or package(s), or write to the

SSA Reports Clearance Officer at the

address listed after the information

collections.)

1. Coverage of Employees of State and

Local Governments, F–20–404M. The

information collected in accordance

with this regulation is obtained from

State governments (or interstate

instrumentalities) desiring to obtain

Social Security coverage for their

employees. The respondents are State

governments.

Number of Respondents: 52.

Frequency of Response: 6.

Average Burden Per Response: 1 hour.

Estimated Annual Burden: 312 hours.

2. Plans for Achieving Self-Support—

0960–NEW. The information is collected

when a Supplemental Security Income

(SSI) recipient desires to use available

income and resources to obtain

education and/or training in order to

become self-supportive. The

information is used to evaluate the

recipient’s plan for achieving selfsupport to determine whether the plan

may be approved. The respondents are

SSI recipients.

Number of Respondents: 5,500.

Frequency of Response: 1.

Average Burden Per Response: 20

minutes.

Estimated Annual Burden; 1,833

hours.

Written comments and

recommendations regarding these

information collections should be sent

within 60 days from the date of this

publication directly to the SSA Reports

Clearance Officer at the following

address: Social Security Administration,

DCFAM, Attn: Charlotte S. Whitenight,

6401 Security Blvd., 1–A–21 Operations

Bldg., Baltimore, MD 21235.

In addition to your comments on the

accuracy of the agency’s burden

estimate, we are soliciting comments on

the need for the information; its

practical utility; ways to enhance its

quality, utility and clarity; and on ways

to minimize burden on respondents,

including the use of automated

collection techniques or other forms of

information technology.

Dated: December 22, 1995.

Charlotte Whitenight,

Reports Clearance Officer, Social Security

Administration.

[FR Doc. 95–31488 Filed 12–28–95; 8:45 am]

BILLING CODE 4190–29–P

DEPARTMENT OF TRANSPORTATION

Office of The Secretary

[Order 95–12–37; Docket OST–95–771]

Application of Laker Airways, Inc. for

Certificate Authority

AGENCY: Department of Transportation.

ACTION: Notice of order to show cause.

SUMMARY: The Department of

Transportation is directing all interested

persons to show cause why it should

not issue an order finding Laker

Airways, Inc., fit, willing, and able, and

awarding it a certificate of public

convenience and necessity to engage in

interstate scheduled air transportation

of persons, property, and mail.

DATES: Persons wishing to file

objections should do so no later than

January 8, 1996.

ADDRESSES: Objections and answers to

objections should be filed in Docket

OST–95–771 and addressed to the

Documentary Services Division (C–55,

Room PL–401), U.S. Department of

Transportation, 400 Seventh Street SW.,

Washington, DC 20590 and should be

served upon the parties listed in

Attachment A to the order.

FOR FURTHER INFORMATION CONTACT:

Ms. Carol A. Woods, Air Carrier Fitness

Division (X–56, Room 6401), U.S.

Department of Transportation, 400

Seventh Street SW., Washington, DC

20590, (202) 366–2340.

Dated: December 22, 1995.

Mark L. Gerchick,

Acting Assistant Secretary for Aviation and

International Affairs.

[FR Doc. 95–31476 Filed 12–28–95; 8:45 am]

BILLING CODE 4910–62–M

DEPARTMENT OF THE TREASURY

Fiscal Service

Coupons Under Book-Entry

Safekeeping (CUBES)

AGENCY: Bureau of the Public Debt,

Fiscal Service, Treasury.

ACTION: Notice.

SUMMARY: This notice is being published

to announce the reopening by the

Department of the Treasury of its

Coupons Under Book-Entry Safekeeping

(CUBES) program, to permit the

conversion of certain physical coupons

detached from U.S. Treasury bonds to

book-entry form in the commercial

book-entry system. With the reopening

of the conversion window under

CUBES, depository institutions holding

eligible coupons will have the

opportunity, during the period from

March 4, 1996, to and including August

30, 1996, to convert such coupons to

book-entry form. Other entities wishing

to convert stripped coupons must

arrange to do so through a depository

institution.

DATES: March 4, 1996, through August

30, 1996, as described below.

FOR FURTHER INFORMATION CONTACT:

Maureen Parker, Director, Division of

Securities Systems, Bureau of the Public

Debt, Parkersburg, West Virginia,

26106–1328, (304) 480–7761.

SUPPLEMENTARY INFORMATION: The

CUBES regulations permit reopenings of

the CUBES window for conversion to

book-entry form of detached, physical

coupons. 31 CFR Part 358.0(c) provides,

in part, that notice of time periods for

conversion, as well as coupons eligible

for conversion and applicable fees, will

be published in the Federal Register

two months prior to the date coupons

may be presented. Accordingly,

pursuant to that authority, Treasury will

reopen the window for conversion

under its CUBES program beginning

March 4, 1996, and ending close of

business August 30, 1996. Under the

program, depository institutions holding

coupons stripped from Treasury

securities will be permitted to convert

them to book-entry form. Entities other

than depository institutions which hold

stripped Treasury coupons and which

wish to convert them to book-entry

accounts under the CUBES program

must arrange for such conversion

through a depository institution.

Only Treasury coupons stripped

before the date of this notice, and with

payment dates on or after February 15,

1997, will be eligible for conversion,

excluding those having payment dates

during a callable period.

Presentation of coupons under the

reopened CUBES window may be made

only at the Federal Reserve Bank of New

York (FRBNY) and in compliance with

the presentation procedures established

by FRBNY. Submissions of coupons are

subject to the terms and conditions

described in Appendix A of Part 358,

except insofar as the terms and

conditions are modified by the

regulations, the provisions of this

notice, or the procedures issued by the

FRBNY related to the conversion.

Physical coupons submitted for the

CUBES program will be subject to

rejection and book-entry CUBES

balances established as a result of the

submission of coupons will be subject to

adjustment until the submission has

been verified and approved by Treasury.

This verification and approval will be