10416 Federal Register / Vol. 60, No. 37 / Friday, February 24, 1995 / Notices

11 15 U.S.C. 78q–1(b)(3)(F) (1988).

12Securities Exchange Act Release 26812 (May

12, 1989), 54 FR 21691. 1 15 U.S. C. 78s(b)(1) (1988).

2 15 U.S.C. 78q–1(b)(3)(D) (1988).

3 15 U.S.C. 78s(b)(3)(A)(ii) (1988).

4 17 CFR 240.19b–4(e)(2) (1994).

approving the proposal. Specifically, the

Commission believes the proposal is

consistent with Section 17A(b)(3)(F)11

of the Act in that it promotes the prompt

and accurate clearance and settlement of

securities transactions.

In the initial order granting ISCC

temporary registration as a clearing

agency, the Commission stated that the

development of efficient and

comparable automated national and

international clearance, settlement, and

payment systems is one of the more

important international goals.12 The

Commission noted that without

established international systems,

broker-dealers and their institutional

customers often are forced to devote

substantial resources to each task

related to trade settlement and must

deliver securities by physical means.

The GCN service offers participating

ISCC members advantages in securities

processing including central access for

processing trades, standardized

operating procedures, receipt of uniform

reports on their trades, and reduced

prices due to economies of scale. The

addition of Westpac and Standard as

GCN providers gives ISCC participants

access to settlement services in areas not

currently covered by the GCN service

and thus increases the utility of the GCN

service. The Commission also believes

that revising the GCN procedures to

permit the use of the ISO format is

beneficial as another step in the

standardization of the international

clearance of trades. By accepting trade

data through S.W.I.F.T., ISCC may

provide enhanced access to the system.

III. Conclusion

For the reasons stated above, the

Commission finds that the proposed

rule change is consistent with Section

17A of the Act.

It is therefore ordered, pursuant to

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

proposed rule change (File No. SR–

ISCC–94–06) be, and hereby is,

approved.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–4516 Filed 2–23–95; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–35390; File No. SR–MBS–

95–02]

Self-Regulatory Organizations; MBS

Clearing Corporation; Notice of Filing

and Immediate Effectiveness of

Proposed Rule Change Establishing

Fees for the Electronic Pool

Notification Service

February 16, 1995.

Pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’),1 notice is hereby given that on

February 8, 1995, the MBS Clearing

Corporation (‘‘MBS’’) filed with the

Securities and Exchange Commission

(‘‘Commission’’) the proposed rule

change (File No. SR–MBS–95–02) as

described in Items I, II, and III below,

which Items have been prepared

primarily by MBS. The Commission is

publishing this notice to solicit

comments on the proposed rule change

from interested persons.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The proposed rule change establishes

fees for the Electronic Pool Notification

(‘‘EPN’’) service (attached as Exhibit A)

and makes certain technical changes to

the EPN procedures to accommodate the

establishment of EPN fees.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission,

MBS included statements concerning

the purpose of and basis for the

proposed rule change and discussed any

comments it received on the proposed

rule change. The text of these statements

may be examined at the places specified

in Item IV below. MBS has prepared

summaries, set forth in sections (A), (B),

and (C) below, of the most significant

aspects of such statements.

(A) Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

The purpose of the proposed rule

change is to establish fees for the EPN

service and make certain technical

changes to the EPN procedures to

accommodate the establishment of EPN

fees. Specifically, MBS is establishing

three separate types of fees for EPN

users: message processing fees, access

fees, and telecommunication circuit

charges. EPN users will be charged for

EPN services in accordance with the

EPN Schedule of Charges effective

February 9, 1995, which is the Public

Securities Association Class A pool

notification day. The fees are payable

monthly on the appropriate PSA Class

Settlement Date as determined by MBS

from time to time.

MBS believes that the proposed rule

change is consistent with Section

17A(b)(3)(D) of the Act 2 and the rules

and regulations thereunder in that it

provides for the equitable allocation of

reasonable dues, fees, and other charges

among its participants.

(B) Self-Regulatory Organization’s

Statements on Burden on Competition

MBS does not believe that the

proposed rule change will impose any

burden on competition not necessary or

appropriate in furtherance of the

purposes of the Act.

(C) Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

MBS advised EPN users of the

proposed rule change at a meeting held

on January 25, 1995. No written

comments have been received. MBS will

notify the Commission of any written

comments received by MBS.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

The foregoing rule change has become

effective pursuant to Section

19(b)(3)(A)(ii) of the Act 3 and pursuant

to Rule 19b–4(e)(2) promulgated

thereunder 4 because the proposed rule

change establishes a due, fee, or other

charge imposed by MBS. At any time

within sixty days of the filing of such

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 purpose 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, N.W.,

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
Federal Register / Vol. 60, No. 37 / Friday, February 24, 1995 / Notices 10417

5 17 CFR § 200.30–3(a)(12) (1994).

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, N.W.,

Washington, D.C. 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of MBS. All submissions should

refer to File No. SR–MBS–95–02 and

should be submitted by March 17, 1995.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.5

Margaret H. McFarland,

Deputy Secretary.

EXHIBIT A.—MBS–EPN SCHEDULE OF

CHARGES

Message

Processing Fees

Account Maintenance.$250.00/month (per account).

ON Send or Receive.0.75/million Current Face.

DK Send or Receive.No Charge.

Cancel Send or

Receive.

No Charge.

Retransmission

Request.

No Charge.

AutoLink Request No Charge.

Access Fees

CTCI SNA LU6.2 71.00/month (per circuit

to MetroTech).

CTCI TCP/IP via

Wellfleet

(MBSCC).

120.00/month (per circuit

to MetroTech).

CTCI TCP/IP via

Cisco (MBSCC).

190.00/month (per circuit

to MetroTech).

EPN Terminal

Service.

No Charge (first 9.6 Kbps

connection).

EPN Terminal

Service.

12.75/month (each additional connection).

EPN Dial-up Terminal Service.12.75/month (each 9.6

Kbps connection).

In addition to the above,

telecommunication circuit charges from

Sector (or your vendor of choice) will

apply.

* * * * *

[FR Doc. 95–4517 Filed 2–23–95; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice 2169]

United States International

Telecommunications Advisory

Committee (ITAC) Standardization

Sector U.S. Study Group A and U.S.

ITAC–T Study Group; Meeting Notice

The Department of State announces

that the United States International

Telecommunications Advisory

Committee (ITAC), Telecommunications

Standardization Sector (ITAC–T) Study

Group A and the U.S. Study Group for

ITAC–T (formerly the USNC) will meet

on the following dates and times at the

U.S. Department of State, 2201 C Street

NW. Washington, DC. 20520:

Study Group A, March 9, 1995, 930–

1230, Dean Acheson Auditorium

ITAC–T National Group, March 9, 1995,

130–500, Dean Achenson

Study Group A, March 27, 1995, 930–

3P, Room 1107

Study Group A, April 26, 1995, 930–2P,

Room 1205

Study Group A, May 23, 1995, 930–3P,

Room 1105.

The meeting of U.S. SG A on March

9 will deal primarily with preparations

for the upcoming Meetings of the two

working parties of ITU–T Study Group

2, scheduled for April 3–7, Geneva, and

April 20–26, Tokyo; initial preparatory

activity covering ITU–T Study Groups 1

and 3, scheduled to meet in Geneva in

May and June, respectively; and a

debrief of the CITEL PCC–I meeting held

in Tegucigalpa, Honduras, February 20–

24, 1995.

The meeting of the ITAC–T Group on

the afternoon of March 9 will include a

debrief of the January 23–27 Geneva

meeting of the Telecommunications

Standardization Advisory Group

(TSAG) and the initial preparations for

the September 1995 TSAG and its

working party meetings.

The meetings of Study Group A

scheduled for March, April and May

indicated above, will continue the work

to prepare U.S. Delegations of the

various Study Groups meeting that are

scheduled to meet in Tokyo and

Geneva, as indicated. More extensive

agendas will be available as necessary

prior to those meetings.

Members of the General Public may

attend the meetings and join in the

discussions, subject to the instructions

of the chair. Admittance of public

members will be limited to the seating

available. In this regard, entrance to the

Department of State is controlled. If you

are not presently named on the mailing

list of the Telecommunications

Standardization Sector Study Group or

Study Group A, and wish to attend

please call 202–647–0201 not later than

5 days before the scheduled meetings.

Enter from the ‘‘C’’ Street Main Lobby.

A picture ID will be required for

admittance.

Dated: February 9, 1995.

Earl S. Barbely,

Chairman, U.S. ITAC for Telecommunication

Standardization.

[FR Doc. 95–4478 Filed 2–23–95; 8:45 am]

BILLING CODE 4710–45–M

DEPARTMENT OF TRANSPORTATION

Office of the Secretary

Regional Liaison Outreach and

Services Program (LOSP);

Announcement of Request for

Proposal (RFP); Correction

AGENCY: Office of the Secretary, DOT.

ACTION: Correction.

SUMMARY: On February 3, 1995, the U.S.

Department of Transportation, Office of

the Secretary, Office of Small and

Disadvantaged Business Utilization

published a request for proposals (RFP),

Notice on the Regional Liaison Outreach

and Services Program (L.O.S.P.) at 60 FR

6751). The RFP inadvertently omitted

the States of Rhode Island and Vermont

at 60 FR (6753). This notice makes

correction to the RFP. In FR DOC 95–

2494 at 60 FR 6753, 2nd Column, para

2, make the following correction:

‘‘Region 1: Connecticut, Maine,

Massachusetts, New Hampshire,

Rhode Island, Vermont’’

Dated: February 21, 1995.

Luz A. Hopewell,

Director, Office of Small and Disadvantaged

Business Utilization.

[FR Doc. 95–4620 Filed 2–21–95; 2:49 pm]

BILLING CODE 4910–62–M

Federal Highway Administration

Environmental Impact Statement:

Tioga County, PA, and Steuben

County, NY

AGENCY: Federal Highway

Administration (FHWA), DOT.

ACTION: Notice of intent.

SUMMARY: The FHWA is issuing this

notice to advise the public that an

Environmental Impact Statement will be

prepared for the proposed highway

project in Tioga County, Pennsylvania

and Steuben County, New York.

FOR FURTHER INFORMATION CONTACT:

Bradley D. Keazer, District Engineer,

Federal Highway Administration, 228