9710 Federal Register / Vol. 60, No. 34 / Tuesday, February 21, 1995 / Notices

3 15 U.S.C. § 78f(b) (1988).

4The interim reports that are the subject of the

NYSE’s rule change are not the quarterly financial

reports required to be filed with the Commission on

Form 10–Q pursuant to the Commission’s authority

under Sections 13(a) and 15(d) of the Securities

Exchange Act of 1934. See 15 U.S.C. §§ 78m(a) and

78o(d) (1988). The reports are voluntarily prepared

and published by companies as part of their

shareholder relations activities.

5 15 U.S.C. 78s(b)(2) (1988).

6 17 CFR 200.30–3(a)(12) (1993).

broker-dealers’ own name (‘‘streetname’’) charge issuers a fee for

distributing interim reports to beneficial

shareholders, many listed companies

choose not to distribute them.

The industry review considered the

cost of requiring interim reports to be

mailed to all shareholders, particularly

where securities are held in ‘‘streetname.’’ In this regard, while the

industry groups have not reached an

agreement with respect to the fees

charged issuers to distribute interim

reports to shareholders, they have

reached agreement on the need to

submit reports to registered and

beneficial shareholders. This agreement

is reflected in the NYSE’s 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, and, in particular, with the

requirements of Section 6(b).3 In

particular, the Commission believes the

proposal is consistent with the Section

6(b)(5) requirements that the rules of an

exchange be 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.

Although the Commission does not

require public companies to distribute

interim reports to shareholders,4 it

believes that it is appropriate for the

NYSE to improve the distribution by its

listed companies of interim reports to

shareholders. The NYSE proposal will

accomplish this by ensuring equal

treatment of record and beneficial

shareholders in the distribution of

reports. In addition, the NYSE’s rule

change reflects the results of the

compromise reached by the various

industry groups with regard to

distribution of interim reports. The

Commission believes the NYSE’s

adoption of this industry policy should

help to create uniformity in the

practices of NYSE-listed companies

with respect to their distribution of

interim financial reports.

It is therefore ordered, pursuant to

Section 19(b)(2) of the Act,5 that the

proposed rule change (SR–NYSE–94–

42) is approved.

For the Commission, by the Division of

Market Regulation, pursuant to delayed

authority.6

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–4159 Filed 2–17–95; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster Loan Area #2761]

Washington, Declaration of Disaster

Loan Area; Amendment #1

The above-numbered Declaration is

hereby amended to include Pierce

County in the State of Washington as a

contiguous county as a result of

damages caused by heavy rains and

flooding which occurred throughout

December 1994.

All other information remains the

same, i.e., the termination date for filing

applications for physical damage is

March 30, 1995, and for economic

injury the deadline is October 27, 1995.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008.)

Dated: February 10, 1995.

Philip Lader,

Administrator.

[FR Doc. 95–4080 Filed 2–17–95; 8:45 am]

BILLING CODE 8025–01–M

Public Meeting

The National Small Business

Development Center Advisory Board

will hold a public meeting on March 7,

1995, from 9 AM through 4 PM, at U.S.

Small Business Administration, Office

of Small Business Development Centers

Conference Room, 4th Floor, 409 3rd

Street, SW., Washington, DC 20416.

The purpose of the meeting is to

discuss such matters as may be

presented by Advisory Board members,

staff of the SBA, or others present.

For further information, write or call

Mary Ann Holl, SBA, 4th Floor, 409 3rd

Street, SW., Washington, DC 20416,

telephone 202/205–7302.

Dorothy A. Overal,

Director, Office of Advisory Councils.

[FR Doc. 95–4081 Filed 2–17–95; 8:45 am]

BILLING CODE 8025–01–M

DEPARTMENT OF TRANSPORTATION

Office of the Secretary

[OST Docket 50125]

Department of Transportation

Proposed Environmental Justice

Strategy

AGENCIES: Office of the Secretary:

Departmental Office of Civil Rights and

Office of the Assistant Secretary for

Transportation Policy; DOT.

ACTION: Request for comment on U.S.

Department of Transportation proposed

environmental justice strategy.

SUMMARY: Executive Order 12898,

signed by President Clinton on February

11, 1994, directs each Federal agency to

develop a strategy to address

environmental justice concerns in its

programs, policies and regulations. The

thrust of the Executive Order is to avoid

disproportionately high and adverse

impacts on minority and low-income

populations with respect to human

health and the environment.

The Department of Transportation

(DOT) has prepared a proposed

environmental justice strategy. The

proposed strategy describes the

approach we are considering to achieve

environmental justice objectives

throughout the Department. To help us

formulate the final strategy, we are

soliciting comments from a broad range

of organizations and individuals with an

interest in environmental justice and

transportation matters.

DATES: Comments are requested by

March 1, 1995. Late-filed comments will

be considered to the extent practicable.

ADDRESSES: Comments should be sent to

Docket Clerk, Docket 50125, Department

of Transportation, 400 7th Street, SW.,

Room PL 401, Washington, DC 20590.

To facilitate consideration of the

comments, commenters are requested to

file six copies of each submission.

Comments will be available for

inspection at this address from 9 a.m. to

5 p.m., Monday through Friday.

Commenters who wish the Department

to acknowledge receipt of their

comments should include a stamped,

self-addressed postcard with their

comments. The Docket Clerk will datestamp the postcard and mail it back to

the commenter.

FOR FURTHER INFORMATION CONTACT:

Ira Laster, Jr., Office of Environment,

Energy, and Safety, Office of the

Assistant Secretary for Transportation

Policy, telephone (202) 366–4859, or

Alyce Boyd-Stewart, Departmental

Office of Civil Rights, telephone (202)

366–9366, U.S. Department of