31570 Federal Register / Vol. 61, No. 120 / Thursday, June 20, 1996 / Notices

1The proposed amendment was originally filed

with the Commission on May 9, 1996. On May 30,

1996, the Commission received minor technical

amendments from the CTA to conform the

references in the filing to Exchange Act Release No.

37191 (May 9, 1996), 61 FR 24842 (May 16, 1996),

approving Restatements and Amendments to the

Restated Consolidated Tape Association Plan and

the Consolidated Quotation Plan. 2 17 CFR 200.30–3(a)(27) (1989).

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

2 17 CFR 240.19b–4.

operating companies within the system

will at all times have first priority in the

use of system employees, including

employees of NEPSCO. During the

course of a calender year, the system

will not assign more than the full-time

equivalent of five percent of its

employees to service projects for NEERI.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–15773 Filed 6–19–96; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–37311; File No. SR–CTA–

96–02]

Consolidated Tape Association; Notice

of Filing and Immediate Effectiveness

of the First Charges Amendment to the

Second Restatement of the

Consolidated Tape Association Plan

June 14, 1996.

Pursuant to Rule 11Aa3–2 of the

Securities Exchange Act of 1934

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

May 30, 1996, the Consolidated Tape

Association (‘‘CTA’’) Plan Participants

filed 1 with the Securities and Exchange

Commission (‘‘Commission’’ or ‘‘SEC’’)

amendments to the second Restatement

of the CTA Plan increasing CTA charges

to ticker subscribers. The new rates are

effective as of July 1, 1996.

CTA has designated the proposals as

changing a charge collected on behalf of

all participants, permitting them to

become effective upon filing, pursuant

to the terms of Rule 11Aa3–2(c)(3)(i)

under the Act. The Commission is

publishing this notice to solicit

comments from interested persons on

the amendments.

I. Description and Purpose of the

Amendments

The purpose of the amendment is to

recover the ticker network expense

increases that common carriers have

recently imposed on the CTA Plan

Participants. The present fees of $160.00

per connection for Network A and

$130.00 for Network B have been in

effect since January, 1995. Since

January, 1995, each of the Networks has

absorbed a number of increases in

common carrier costs. The CTA has

determined to pass the increased costs

along to customers. Effective July 1,

1996, Network A charges will increase

to $200.00 for those subscribers in the

continental USA that are serviced via

the AT&T leased lines. Rates for

subscribers located south of Chambers

Street in New York City, where facilities

are leased from NYNEX, and for

customers presently receiving the signal

via satellite, remain unchanged.

Network B charges will increase to

$200.00 per unit, effective July 1, 1996,

for all customers presently receiving

service in the continental USA,

including subscribers in downtown

New York City and those currently

receiving the ticker signal via satellite.

II. Solicitation of Comments

Rule 11Aa3–2(c)(3) under the Act

provides that the proposed amendment

may be put into effect upon filing with

the Commission. The Commission may

summarily abrogate the amendment

within 60 days of its filing and require

refiling and approval of the

amendments by Commission order

pursuant to Rule 11Aa3–2(c)(2), if it

appears to the Commission that such

action is necessary or appropriate in the

public interest, for the protection of

investors and maintenance of fair and

orderly markets, to remove impediments

to and perfect the mechanisms of a

National Market System, or otherwise in

furtherance of the purposes of the Act.

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 in

the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the principal office of the CTA. All

submissions should refer to the file

number in the caption above and should

be submitted by July 11, 1996.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.2

Jonathan G. Katz,

Secretary.

[FR Doc. 96–15772 Filed 6–19–96; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–37312; File No. SR-Amex96–20]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

American Stock Exchange, Inc.,

Relating to Options on The Morgan

Stanley Commodity Related Equity

Index

June 14, 1996.

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

Securities Exchange Act of 1934

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on June 3,

1996, the American Stock Exchange,

Inc. (‘‘Amex’’ or ‘‘Exchange’’) 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 by the selfregulatory organization. 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 Exchange proposes to list and

trade options on the Morgan Stanley

Commodity Related Equity Index

(‘‘Index’’), a new stock index developed

by Morgan Stanley & Co. Incorporated

(‘‘Morgan Stanley’’) based on stocks (or

American Depository Receipts (‘‘ADRs’’)

thereon) of commodity related

companies. In addition, the Amex

proposes to amend Exchange Rule 901C,

Commentary .01 to reflect that 90

percent of the Index’s numerical index

value will be accounted for by

component securities that meet the

current criteria and guidelines set forth

in Exchange Rule 915.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission, the

self-regulatory organization 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