29144 Federal Register / Vol. 61, No. 111 / Friday, June 7, 1996 / Notices

50.12(a)(2)(ii), special circumstances are

present whenever application of the

regulation in question is not necessary

to achieve the underlying purpose of the

rule.

The staff finds that the requested

exemptions for Ginna are acceptable,

since compliance with the literal

requirements of the paragraphs cited is

not necessary given that the approved

EM is based upon appropriate

experimental data, the approved EM

satisfactorily accounts for the cooling

mechanisms in the Ginna UPI design for

calculations of core reflood rates and

heat transfer during a LB LOCA, and

that the approved EM satisfies the

purpose of the exempted requirements.

Thus, using the best-estimate thermalhydraulic approved LBLOCA EM, the

underlying purpose of the Appendix K,

paragraphs I.D.3 and I.D.5 requirements

can be achieved.

IV

Accordingly, the Commission has

determined that, pursuant to 10 CFR

50.12, this exemption is authorized by

law, will not present an undue risk to

the public health and safety, and is

consistent with the common defense

and security.

Accordingly, the Commission hereby

grants an exemption from 10 CFR Part

50, Appendix K, paragraphs I.D.3 and

I.D.5. The staff also finds that the LB

LOCA EM described in any approved

version of WCAP–10924–P incorporated

in the Ginna Technical Specifications

may be used in core operating report,

and licensing analyses, and that further

exemptions will not be necessary unless

the updated approved versions of the

EM do not meet other requirements of

10 CFR 50.46 and/or Appendix K.

Pursuant to 10 CFR 51.32, the

Commission has determined that the

granting of the exemption will have no

significant impact on the quality of the

human environment (61 FR 13891).

This exemption is effective upon

issuance.

For the Nuclear Regulatory Commission.

Dated at Rockville, Maryland, this 31st day

of May 1996.

Steven A. Varga,

Director, Division of Reactor Projects—I/II

1Office of Nuclear Reactor Regulation.

[FR Doc. 96–14395 Filed 6–6–96; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR WASTE TECHNICAL

REVIEW BOARD

Board Meeting: Exploration and

Testing Activities, Past and Future

Climates and Hydrology at Yucca

Mountain

Pursuant to its authority under

section 5051 of Public Law 100–203, the

Nuclear Waste Policy Amendments Act

of 1987, the Nuclear Waste Technical

Review Board will hold its summer

meeting on Tuesday and Wednesday,

July 9–10, 1996, in Denver, Colorado.

The meeting will be held at the Red

Lion Hotel, 3203 Quebec Street, Denver,

CO 80207; (tel) 303–321–3333; (fax)

303–329–9179. To receive the preferred

rate, reservations must be made by June

16, 1996; please tell the hotel you are

attending the Nuclear Waste Technical

Review Board meeting. The meeting is

open to the public and will begin at 8:30

A.M. both days.

The Board will explore two basic

themes during the meeting: activities in

the Yucca Mountain exploratory studies

facility (ESF), and past and future

climates and their associated effects on

the hydrology at Yucca Mountain. The

Board has invited representatives of the

Office of Civilian Radioactive Waste

Management (OCRWM) and its

contractors, as well as independent

consultants, to make presentations on

the issues. Specific topics concerning

the ESF will include updates on tunnel

boring machine operations and

scientific activities, the status of the

waste isolation strategy, thermal testing,

and advanced conceptual design for the

repository. Presentations on climate and

its effects on hydrology will include the

geological structure at Yucca Mountain,

historical perspectives and current

views on both climate and hydrology,

and climate modeling. Time has been

set aside on the second day for a roundtable discussion of all topics covered by

the meeting.

Time also has been set aside for

public comment and questions on both

days. To ensure that everyone wishing

to speak is provided time to do so, the

Board encourages those who have

comments to sign the Public Comment

Register, which will be located at the

sign-in table. Depending on the number

of people wishing to speak, a time limit

may have to be set on the length of

individual remarks. However, written

comments of any length may be

submitted for the record.

The Nuclear Waste Technical Review

Board was created by Congress in the

Nuclear Waste Policy Amendments Act

of 1987 to evaluate the technical and

scientific validity of activities

undertaken by the DOE in its program

to manage the disposal of the nation’s

spent nuclear fuel and defense highlevel waste. In that same legislation,

Congress directed the DOE to

characterize a site at Yucca Mountain,

Nevada, for its suitability as a potential

location for a permanent repository for

the disposal of that waste.

Transcripts of this meeting will be

available via e-mail, on computer disk,

or on a library-loan basis in paper

format from Davonya Barnes, Board

staff, beginning August 21, 1996. For

further information, contact Frank

Randall, External Affairs, 1100 Wilson

Boulevard, Suite 910, Arlington,

Virginia 22209; (Tel) 703–235–4473;

(Fax) 703–235–4495.

Dated: June 4, 1996.

William Barnard,

Executive Director, Nuclear Waste Technical

Review Board.

[FR Doc. 96–14375 Filed 6–6–96; 8:45 am]

BILLING CODE 6820–AM–M

RAILROAD RETIREMENT BOARD

Agency Forms Submitted for OMB

Review

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995 (44

U.S.C. Chapter 35), the Railroad

Retirement Board has submitted the

following proposal(s) for the collection

of information to the Office of

Management and Budget for review and

approval.

Summary of Proposal(s)

(1) Collection title: Application for

Survivor Insurance Annuities.

(2) Form(s) submitted: AA–17, AA–

17b, AA–18, AA–19, AA–19a, and AA–

20.

(3) OMB Number: 3220–0030.

(4) Expiration date of current OMB

clearance: June 30, 1996.

(5) Type of request: Revision of a

currently approved collection.

(6) Respondents: Individuals or

households.

(7) Estimated annual number of

respondents: 5,765.

(8) Total annual responses: 5,765.

(9) Total annual reporting hours:

2,864.

(10) Collection description: Under

Section 2(d) of the RRA, monthly

survivor annuities are payable to

surviving widow(er)s, parents,

unmarried children, and in certain

cases, divorced wives (husbands),

mother (fathers), remarried widow(er)s

and grandchildren or deceased railroad

employees. The collection obtains

information needed by the Railroad
Federal Register / Vol. 61, No. 111 / Friday, June 7, 1996 / Notices 29145

1Securities Exchange Act Release No. 28899

(February 20, 1991), 56 FR 8377 (‘‘Exemption

Order’’). AZX also operates pursuant to a no-action

letter regarding non-registration as a broker-dealer,

clearing agency, transfer agent, and securities

information processor. Letter regarding Wunsch

Auction Systems, Inc. (February 28, 1991) (‘‘Noaction Letter’’).

2Securities Exchange Release No. 35922 (June 30,

1995), 60 FR 35445 (July 7, 1995), soliciting

comment on Amendment to Application for

Exemption from Registration as a National

Securities Exchange. File No. 10–100 (May 31,

1995).

3AZX is more fully described in the Exemption

Order and in the No-action Letter.

4Where there is not sufficient eligible interest on

one side of a transaction to satisfy all eligible

interest on the other side of the transaction, eligible

orders entered earlier in time will be filled first

under AZX’s time priority rules.

5For example, a participant may specify that it is

willing to purchase ABC stock, and sell PQR stock,

but only if the proceeds received from the sale of

PQR exceed by a specified amount the money spent

on purchasing ABC.

Retirement Board for determining

entitlement to and amount of the

annuity applied for.

ADDITIONAL INFORMATION OR COMMENTS:

Copies of the form and supporting

documents can be obtained from Chuck

Mierzwa, the agency clearance officer

(312–751–3363). Comments regarding

the information collection should be

addressed to Ronald J. Hodapp, Railroad

Retirement Board, 844 North Rush

Street, Chicago, Illinois 60611–2092 and

the OMB reviewer, Laura Oliven (202–

395–7316), Office of Management and

Budget, Room 10230, New Executive

Office Building, Washington, D.C.

20503.

Chuck Mierzwa,

Clearance Officer.

[FR Doc. 96–14341 Filed 6–6–96; 8:45 am]

BILLING CODE 7905–01–M

Agency Forms Submitted for OMB

Review

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995 (44

U.S.C. Chapter 35), the Railroad

Retirement Board has submitted the

following proposal(s) for the collection

of information to the Office of

Management and Budget for review and

approval.

SUMMARY OF PROPOSAL(S):

(1) Collection title: Application for

Reimbursement for Hospital Services in

Canada.

(2) Form(s) submitted: AA–104.

(3) OMB Number: 3220–0086.

(4) Expiration date of current OMB

clearance: July 31, 1996.

(5) Type of request: Extension of a

currently approved collection.

(6) Respondents: Individuals or

households.

(7) Estimated annual number of

respondents: 45.

(8) Total annual responses: 45.

(9) Total annual reporting hours: 8.

(10) Collection description: The

Railroad Retirement Board administers

the Medicare program for persons

covered by the railroad retirement

system. The collection obtains the

information needed to determine

eligibility for and the amount due for

covered hospital services received in

Canada.

ADDITIONAL INFORMATION OR COMMENTS:

Copies of the form and supporting

documents can be obtained from Chuck

Mierzwa, the agency clearance officer

(312–751–3363). Comments regarding

the information collection should be

addressed to Ronald J. Hodapp, Railroad

Retirement Board, 844 North Rush

Street, Chicago, Illinois 60611–2092 and

the OMB reviewer, Laura Oliven (202–

395–7316), Office of Management and

Budget, Room 10230, New Executive

Office Building, Washington, D.C.

20503.

Chuck Mierzwa,

Clearance Officer.

[FR Doc. 96–14411 Filed 6–6–96; 8:45 am]

BILLING CODE 7905–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–37272; File No. 10–100]

Exempted Exchanges; AZX, Inc.; Order

Amending Exemption Order and

Granting Amendment to Application

for Exemption From Registration as an

Exchange Under Section 5 of the

Securities Exchange Act of 1934; Final

Order

June 3, 1996.

I. Summary

AZX, Inc., formerly known as Wunsch

Auction Systems; Inc., has requested

that the Commission amend the

exemption order pursuant to which

AZX, Inc. operates the Arizona Stock

Exchange (‘‘AZX’’) without registration

as a national securities exchange.1 The

proposal was published for comment

and two comment letters were

received.2 After evaluating the proposal

and the comment letters, the

Commission concludes that AZX will

continue to meet the statutory standard

governing the granting of an exemption

from registration as a national securities

exchange under the Securities Exchange

Act of 1934 (‘‘Act’’). Accordingly, the

Commission hereby amends AZX’s

Exemption Order to: (1) grant AZX Inc.’s

amended application for exemption

from registration as a national securities

exchange, to permit AZX to operate a

single auction during regular trading

hours; and (2) make technical

corrections to the Exemption Order to

conform to changes in the operation of

the system since the Exemption Order

was issued, and to clarify reporting

requirements applicable to AZX under

the Exemption Order.

II. Description of AZX

AZX is a single-price auction system

that facilitates secondary market trading

of registered equity securities by

permitting institutional and brokerdealer participants to enter buy and sell

orders for those securities and have

those orders executed at an

‘‘equilibrium’’ price determined by the

interaction of the orders.3 Bid orders

entered at prices equal to or above the

equilibrium price, and offer orders

entered at prices equal to or below the

equilibrium price, are eligible for

execution for the equilibrium price.

After the equilibrium price is

determined, Investment Technology

Group, Inc. (‘‘ITG’’), the crossing broker

for AZX, executes eligible orders on the

basis of time priority.4

AZX’s single-price auctions are

currently conducted outside the regular

trading hours of the New York Stock

Exchange (‘‘NYSE’’) and the Nasdaq

system, at 5:00 p.m. and 5:30 p.m. (ET)

each trading day. During the period

immediately proceding an auction, AZX

participants may enter orders into the

system by specifying the name of the

security and the price and size of their

order. Orders may be entered into any

of four separate AZX ‘‘books’’: the Open

Book, Reserve Book, Balanced Book,

and Match Book.

The Open Book contains orders

eligible for the auction and displays

those orders on an anonymous basis to

all AZX participants. The Reserve Book

conceals orders from other participants

until a contra side order is entered into

either the Open Book or the Reserve

Book. If such a contra side order is

entered, the order placed in the Reserve

Book will move into the Open Book,

where it will become eligible for the

auction. The Balanced Book conceals

orders from other AZX participants

until immediately prior to the auction,

at which time any orders that match

each other, and still meet parameters set

by the participants regarding net dollars

bought or sold,5 are matched in the

Open Book. The Match Book

accommodates orders that are not

eligible for the auction (because, for