Federal Register / Vol. 61, No. 114 / Wednesday, June 12, 1996 / Notices 29783

2. Statutory Basis

The proposed rule change is

consistent with Section 6 of the Act in

general, and in particular, with Section

6(b)(5), in that it is designed to promote

just and equitable principles of trade, to

prevent fraudulent and manipulative

acts and practices, 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, as well as to protect investors

and the public interest by adopting

minimum standards for prospective

issuers which show that the company is

appropriate for public trading.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The PHLX does not believe that 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

No written comments were either

solicited or received.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within 35 days of the publication of

this notice in the Federal Register or

within such longer period (i) as the

Commission may designate up to 90

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 the 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, 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

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, N.W.,

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–PHLX–96–

16 and should be submitted by July 3,

1996.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–14812 Filed 6–11–96; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster Loan Area #2860]

Kentucky; Declaration of Disaster Loan

Area

As a result of the President’s major

disaster declaration on June 1, 1996, I

find that Bullitt and Spencer Counties

in the State of Kentucky constitute a

disaster area due to damages caused by

severe storms, flooding, and tornadoes

that occurred on May 28, 1996.

Applications for loans for physical

damages may be filed until the close of

business on July 30, 1996, and for loans

for economic injury until the close of

business on March 3, 1997 at the

address listed below:

U.S. Small Business Administration,

Disaster Area 2 Office, One Baltimore

Place, Suite 300, Atlanta, GA 30308

or other locally announced locations. In

addition, applications for economic

injury loans from small businesses

located in the following contiguous

counties may be filed until the specified

date at the above location: Anderson,

Hardin, Jefferson, Nelson, and Shelby

Counties in Kentucky, and Harrison

County in Indiana.

Interest rates are:

Percent

For Physical Damage:

Homeowners With Credit Available Elsewhere ........................ 7.625

Homeowners Without Credit

Available Elsewhere ................ 3.875

Businesses With Credit Available

Elsewhere ................................ 8.000

Businesses and Non-Profit Organizations Without Credit Available Elsewhere ........................ 4.000

Percent

Others (Including Non-Profit Organizations) With Credit Available Elsewhere ........................ 7.125

For Economic Injury: Businesses

and Small Agricultural Cooperatives Without Credit Available

Elsewhere .................................... 4.000

The number assigned to this disaster

for physical damage is 286012. For

economic injury the numbers are

891600 for Kentucky and 891700 for

Indiana.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: June 4, 1996.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 96–14903 Filed 6–11–96; 8:45 am]

BILLING CODE 8025–01–P

[Declaration of Disaster Loan Area #2859]

West Virginia; Declaration of Disaster

Loan Area

As a result of the President’s major

disaster declaration on May 23, 1996, I

find that the Counties of Barbour,

Boone, Harrison, Lincoln, Logan,

McDowell, Mercer, Mingo, Pendleton,

Pocahontas, Raleigh, Randolph, Tucker,

Upshur, Wayne , Wetzel, and Wyoming

in the State of West Virginia constitute

a disaster area due to damages caused

by flooding and heavy rains which

occurred May 15 through May 21, 1996.

Applications for loans for physical

damages may be filed until the close of

business on July 22, 1996, and for loans

for economic injury until the close of

business on February 24, 1997 at the

address listed below:

U.S. Small Business Administration,

Disaster Area 1 Office, 360 Rainbow

Blvd. South, 3rd Fl., Niagara Falls, NY

14303

or other locally announced locations. In

addition, applications for economic

injury loans from small businesses

located in the following contiguous

counties may be filed until the specified

date at the above location: Cabell,

Doddridge, Fayette, Grant, Greenbrier,

Hardy, Kanawha, Lewis, Marion,

Marshall, Monongalia, Preston, Putnam,

Summers, Taylor, Tyler, and Webster

Counties in West Virginia; Boyd,

Lawrence, Martin, and Pike Counties in

Kentucky; Garrett County, Maryland;

Augusta, Bath, Bland, Buchanon, Giles,

Highland, Rockingham, and Tazewell

Counties in Virginia; Lawrence and

Monroe Counties in Ohio; and Greene

County, Pennsylvania.