Federal Register / Vol. 60, No. 52 / Friday, March 17, 1995 / Notices 14477

4 17 CFR 200.30–3(a)(12) (1994).

1 15 U.S.C. 78s(b)(1) (1988).

2For a complete description of PHILADEP’s

FASTRACS, refer to Securities Exchange Act

Release No. 34404 (July 19, 1994), 59 FR 38010 [File

No. SR–PHILADEP–90–03] (order approving

FASTRACS program on a temporary basis).

3Currently, PHILADEP has completed testing

with two transfer agents who are now fully

operational with FASTRACS. PHILADEP continues

to conduct testing with a third transfer agent. Upon

successful completion of testing with the third

transfer agent, PHILADEP will file a proposed rule

change under Section 19(b) of the Act to seek

permanent approval of the FASTRACS program.

Telephone conversation between Keith Kessel,

Compliance Officer, PHILADEP and Margaret J.

Robb, Attorney, Division of Market Regulation,

Commission (December 22, 1994).

4 15 U.S.C. 78q–1 (1988).

OCC will notify the Commission of any

written comments received by OCC.

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 OCC 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.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington, DC 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 in

the Commission’s Public Reference

Section, 450 Fifth Street NW.,

Washington, DC 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of OCC. All submissions should

refer to the file number SR–OCC–95–01

and should be submitted by April 7,

1995.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.4

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–6574 Filed 3–16–95; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–35470; File No. SR–

PHILADEP–94–6]

Self-Regulatory Organizations; the

Philadelphia Depository Trust

Company; Notice of Filing of Proposed

Rule Change Extending the Pilot

Program for the Fully Automated

Securities Transfer Reconciliation

Accounting Control System

March 10, 1995.

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

Securities Exchange Act of 1934

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

December 14, 1994, the Philadelphia

Depository Trust Company

(‘‘PHILADEP’’) filed with the Securities

and Exchange Commission

(‘‘Commission’’) the proposed rule

change as described in Items I, II, and

III below, which Items have been

prepared primarily by PHILADEP. The

Commission is publishing this notice to

solicit comments on the proposed rule

change from interested parties.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

PHILADEP proposes to extend its

pilot program governing the Fully

Automated Securities Transfer

Reconciliation Accounting Control

System (‘‘FASTRACS’’) through

December 29, 1995.

II. Self-Regulatory Organization’s

Statements Regarding the Proposed

Rule Change

In its filing with the Commission,

PHILADEP included statements

concerning the purpose of and the 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.

PHILADEP has prepared summaries, as

set forth in sections (A), (B), and (C)

below, of the most significant aspects of

these statements.

A. Self-Regulatory Organization’s

Statement of the Purpose of and the

Statutory Basis for the Proposed Rule

Change

On July 19, 1994, the Commission

approved a proposed rule change

establishing a pilot program for

FASTRACS for the transfer of certain

securities between PHILADEP and

certain transfer agents.2 FASTRACS is

an automated program by which

PHILADEP and the participating

transfer agents use a master balance

certificate to evidence the number of

securities of a particular issue that are

registered in PHILADEP’s nominee

name. The transfer agents have custody

of the securities in the form of balance

certificates registered in PHILADEP’s

nominee name. The balance certificates

are adjusted daily to reflect PHILADEP’s

withdrawal and deposit activity.

According to PHILADEP, the pilot

program has operated successfully in

accordance with the operational and

technical specifications; however,

testing of the program is not complete.3

PHILADEP therefore requests an

extension of the FASTRACS pilot

program on a temporary basis through

December 29, 1995.

PHILADEP believes extending the

program is consistent with Section 17A

of the Act.4 By providing an efficient

mechanism for the transfer of securities

positions to and from participating

transfer agents, the programs should

help foster cooperation and

coordination with persons engaged in

the clearance and settlement of

securities transactions and should

facilitate the prompt and accurate

clearance and settlement of securities

transactions.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

PHILADEP does not believe 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

Written comments were neither

solicited nor received with respect to

the proposed rule change.

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)
14478 Federal Register / Vol. 60, No. 52 / Friday, March 17, 1995 / Notices

5 17 CFR 200.30–3(a)(12) (1994).

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.

Persons making such submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington DC 20549. Copies of the

submission, all subsequent

amendments, all written statements

respecting the proposed rule change that

are filed with the Commission, and all

written communications concerning the

proposed rule change between the

Commission and any person, other than

those that may be withheld from the

public pursuant to 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 filings will also

be available for inspection and copying

at the principal office of PHILADEP. All

submissions should refer to File

Number SR–PHILADEP–94–6 and

should be submitted by April 7, 1995.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.5

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–6575 Filed 3–16–95; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Providence Advisory Council; Public

Meeting

The U.S. Small Business

Administration Providence District

Advisory Council will hold a public

meeting on Friday, April 21, 1995 at 8

a.m. at the Providence Marriott, Charles

at Orms Streets, Providence, Rhode

Island 02904 to discuss matters as may

be presented by members, staff of the

U.S. Small Business Administration, or

others present.

For further information, write or call

Mr. Joseph P. Loddo, District Director,

U.S. Small Business Administration,

380 Westminster Street, Providence,

Rhode Island 02903, (401) 528–4580.

Dated: March 10, 1995.

Dorothy A. Overal,

Director, Office of Advisory Council.

[FR Doc. 95–6643 Filed 3–16–95; 8:45 am]

BILLING CODE 8025–01–M

Providence Advisory Council; Public

Meeting

The U.S. Small Business

Administration Providence District

Advisory Council will hold a public

meeting on Friday, March 24, 1995 at

8:00 a.m. at the Providence Marriott,

Charles at Orms Streets, Providence,

Rhode Island 02904 to discuss matters

as may be presented by members, staff

of the U.S. Small Business

Administration, or others present.

For further information, write or call

Mr. Joseph P. Loddo, District Director,

U.S. Small Business Administration,

380 Westminster Street, Providence,

Rhode Island 02903, (401) 528–4580.

Dated: March 10, 1995.

Dorothy A. Overal,

Director, Office of Advisory Council.

[FR Doc. 95–6644 Filed 3–16–95; 8:45 am]

BILLING CODE 8025–01–M

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Notice of Intent To Rule on Application

to Impose and Use the Revenue From

a Passenger Facility Charge (PFC) at

Bradford Regional Airport, Bradford,

PA

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of Intent to Rule on

Application.

SUMMARY: The FAA proposes to rule and

invites public comment on the

application to impose and use the

revenue from a PFC at Bradford

Regional Airport under the provisions of

the Aviation Safety and Capacity

Expansion Act of 1990 (Title IX of the

Omnibus Budget Reconciliation Act of

1990) (Public Law 101–508) and Part

158 of the Federal Aviation Regulations

(14 CFR Part 158).

DATES: Comments must be received on

or before April 17, 1995.

ADDRESSES: Comments on this

application may be mailed or delivered

in triplicate to the FAA at the following

address: Mr. L.W. Walsh, Manager,

Harrisburg Airports District Office, 3911

Hartzdale Drive, Suite 1, Camp Hill, PA

17011.

In addition, one copy of any

comments submitted to the FAA must

be mailed or delivered to Sherwood

Anderson, Chairman of the Bradford

Regional Airport Authority at the

following address: Bradford Regional

Airport Authority, Star Route, Box 176,

Lewis Run, PA 16738.

Air carriers and foreign air carriers

may submit copies of written comments

previously provided to the Bradford

Regional Airport Authority under

Section 158.23 of Part 158.

FOR FURTHER INFORMATION CONTACT: Mr.

L.W. Walsh, Manager, Harrisburg

Airports District Office, 3911 Hartzdale

Drive, Suite 1, Camp Hill, PA 17011,

(717) 975–3423. The application may be

reviewed in person at this same

location.

SUPPLEMENTARY INFORMATION: The FAA

proposes to rule and invites public

comment on the application to impose

and use the revenue from a PFC at

Bradford Regional Airport under the

provisions of the Aviation Safety and

Capacity Expansion Act of 1990 (Title

IX of the Omnibus Budget

Reconciliation Act of 1990) (Public Law

101–508) and Part 158 of the Federal

Aviation Regulations (14 CFR Part 158).

On January 16, 1995, the FAA

determined that the application to

impose and use the revenue from a PFC

submitted by the Bradford Regional

Airport Authority was substantially

complete within the requirements of

section 158.25 of Part 158. The FAA

will approve or disapprove the

application, in whole or in part, no later

than May 4, 1995.

The following is a brief overview of

the application.

Level of the proposed PFC: $3.00

Proposed charge effective date: June 1,

1995

Proposed charge expiration date: June

30, 2013

Total estimated PFC revenue: $808,875

Brief description of proposed projects:

—Apron Rehabilitation

—Deicing Pad

—Master Plan Update

—Purchase ARFF Vehicle

—Runway 14/32 Lighting

—Parking Lot Overlay

—Snow Removal Equipment

—Expand Removal Equipment Storage

Building

—Sewage/Water System

—Parallel Taxiway to Runway 14–32

—Runway 5/23 Lighting (impose Only)

—Airport Sign

—Terminal Building

—Runway 14–32 Rehabilitation

Class or classes of air carriers which

the public agency has requested not be