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Federal Register / Vol. 70, No.

136 / Monday, July 18, 2005 / Notices 41243

Government expects to be considered in comments mailed will be received Questionnaire for Annuitants in Last
single audits of federal programs. For before the comment closing date. Pre-Retirement Non-Railroad
2005, the updates include new or Electronic mail comments may be Employment; OMB 3220–0179.
significantly changed programs in Parts submitted to Under section 2(e)(3) of the Railroad
4, those parts of the Supplement that Hai_M._Tran@omb.eop.gov. Please Retirement Act (RRA), an annuity is not
relate to the Part 4 changes and updated include ‘‘A–133 Compliance payable for any month in which a
appendices. The 2005 Supplement Supplement Updates-2005’’ in the beneficiary works for a railroad. In
updates amend the 2004 Supplement subject line and the full body of your addition, an annuity is reduced for any
and should be used in conjunction with comments in the text of the electronic month in which the beneficiary works
the 2004 Supplement to perform audits message and as an attachment. Please for an employer other than a railroad
for fiscal years beginning after June 30, include your name, title, organization, employer and earns more than a
2004. postal address, telephone number, and prescribed amount. Under the 1988
In summary, the 2005 Supplement e-mail address in the text of the amendments to the RRA, the Tier II
updates include the following: message. Comments may also be portion of the regular annuity and any
• Updated Table of Contents. submitted via facsimile to 202–395– supplemental annuity must be reduced
• Updated Parts 1 and 2. 3952. by one dollar for each two dollars of
• Six new programs. Comments may be mailed to Gilbert Last Pre-Retirement Non-Railroad
• A re-write of 10 programs with Tran, Office of Federal Financial Employment (LPE) earnings for each
significant changes. Management, Office of Management and month of such service. However, the
• Two deleted programs. Budget, Room 6025, New Executive reduction cannot exceed fifty percent of
• Updated appendices III, IV and V. Office Building, Washington, DC 20503. the Tier II and supplemental annuity
• A listing of minor changes for 28 FOR FURTHER INFORMATION CONTACT: amount for the month to which such
programs (Appendix V). Recipients should contact their deductions apply. LPE generally refers
A complete list of changes from the cognizant or oversight agency for audit, to an annuitant’s last employment with
2004 Supplement can be found at or Federal awarding agency, as a non-railroad person, company, or
Appendix V of the 2005 Supplement. appropriate under the circumstances. institution prior to retirement which
Due to its length, the 2005 Supplement Subrecipients should contact their pass- was performed whether at the same time
updates are not included in this notice through entity. Federal agencies should of, or after an annuitant stopped railroad
but are available on the OMB Web site contact Gilbert Tran, Office of employment. The collection obtains
at (http://www.whitehouse.gov/omb/ Management and Budget, Office of earnings information needed by the RRB
circulars/a133-compliance/05/ Federal Financial Management, to determine if possible reductions in
05toc.html) or in hard copy from the telephone (202) 395–3052. annuities because of Last Pre-Retirement
Government Printing Office (see
Linda M. Combs, Non-Railroad Employment Earnings
ADDRESSES for information about how to
(LPE) are in order.
obtain a copy). This notice also offers Controller.
interested parties an opportunity to [FR Doc. 05–14090 Filed 7–15–05; 8:45 am]
The RRB utilizes Form G–19L to
comment on the 2005 Supplement obtain LPE earnings information from
BILLING CODE 3110–01–P
updates. annuitants. Companion Form G–19L.1,
which serves as an instruction sheet and
DATES: The 2005 Supplement will apply contains the Paperwork Reduction/
to audits performed under OMB RAILROAD RETIREMENT BOARD Privacy Act Notice for the collection
Circular A–133, Audits of States, Local accompanies each Form G–19L sent to
Governments, and Non-Profit Proposed Collection; Comment
Request an annuitant. One response is requested
Organizations, for fiscal years beginning of each respondent. Completion is
after June 30, 2004 and amends the 2004 SUMMARY: In accordance with the required to retain a benefit. The RRB
Supplement. All comments on the 2005 requirement of Section 3506(c)(2)(A) of proposes a minor non-burden impacting
Supplement must be in writing and the Paperwork Reduction Act of 1995 editorial change to Form G–19L for
received by October 30, 2005. Late which provides opportunity for public clarification purposes.
comments will be considered to the comment on new or revised data The estimated annual respondent
extent practicable. collections, the Railroad Retirement burden is as follows:
ADDRESSES: Copies of the 2005 Board (RRB) will publish periodic Estimated number of responses: 300.
Supplement updates may be purchased summaries of proposed data collections.
at any Government Printing Office Comments are invited on: (a) Whether Estimated completion time per
(GPO) bookstore. The main GPO the proposed information collection is response: 15 minutes.
bookstore is located at 710 North necessary for the proper performance of Estimated annual burden hours: 75.
Capitol Street, NW., Washington, DC the functions of the agency, including Additonal Information or Comments:
20401, (202) 512–0132. A copy may also whether the information has practical To request more information or to
be obtained under the ‘‘Grants utility; (b) the accuracy of the RRB’s obtain a copy of the information
Management’’ heading from the OMB estimate of the burden of the collection collection justification, forms, and/or
home page on the Internet, which is of the information; (c) ways to enhance supporting material, please call the RRB
located at http://www.omb.gov/, and the quality, utility, and clarity of the Clearance Officer at (312) 751–3363 or
then select ‘‘Circulars—Audit information to be collected; and (d) send an e-mail request to
Requirements—A–133.’’ ways to minimize the burden related to Charles.Mierzwa@RRB.GOV. Comments
Due to potential delays in OMB’s the collection of information on regarding the information collection
receipt and processing of mail sent respondents, including the use of should be addressed to Ronald J.
through the U.S. Postal Service, we automated collection techniques or Hodapp, Railroad Retirement Board, 844
encourage respondents to submit other forms of information technology. North Rush Street, Chicago, Illinois
comments electronically to ensure Title and Purpose of information 60611–2092 or send an e-mail to
timely receipt. We cannot guarantee that collection: Annual Earnings Ronald.Hodapp@RRB.GOV. Written

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41244 Federal Register / Vol. 70, No. 136 / Monday, July 18, 2005 / Notices

comments should be received within 60 collection of information on available on Amex’s Web site (http://
days of this notice. respondents, including through the use www.amex.com), at Amex’s principal
of automated collection techniques or office, and at the Commission’s Public
Charles Mierzwa,
other forms of information technology. Reference Room.
Clearance Officer. Consideration will be given to
[FR Doc. 05–14008 Filed 7–15–05; 8:45 am] comments and suggestions submitted in II. Self-Regulatory Organization’s
BILLING CODE 7905–01–P writing within 60 days of this Statement of the Purpose of, and
publication. Statutory Basis for, the Proposed Rule
Direct your written comments to R. Change
SECURITIES AND EXCHANGE Corey Booth, Director/Chief Information In its filing with the Commission,
COMMISSION Officer, Office of Information Amex included statements concerning
Technology, Securities and Exchange the purpose of and basis for the
Proposed Collection; Comment Commission, 100 F Street, NE., proposal and discussed any comments it
Request Washington, DC 20549. received on the proposal. The text of
Upon Written Request, Copies Available Dated: July 6, 2005. these statements may be examined at
From: Securities and Exchange Jill M. Peterson. the places specified in item IV below.
Commission, Office of Filings and Assistant Secretary. Amex has prepared summaries, set forth
Information Services, Washington, DC [FR Doc. E5–3788 Filed 7–15–05; 8:45 am]
in sections A, B, and C below, of the
20549. most significant aspects of such
BILLING CODE 8010–01–P
statements.
Extension:
Rule 17a–10; SEC File No. 270–154; OMB A. Self-Regulatory Organization’s
Control No. 3235–0122. SECURITIES AND EXCHANGE Statement of the Purpose of, and
COMMISSION Statutory Basis for, the Proposed Rule
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995 [Release No. 34–52014; File No. SR–Amex– Change
(44 U.S.C. 3501 et seq.) the Securities 2005–035] 1. Purpose
and Exchange Commission
(‘‘Commission’’) is soliciting comments Self-Regulatory Organizations; The Exchange proposes to establish a
on the collection of information American Stock Exchange LLC; Notice pilot program to list and trade Short
summarized below. The Commission of Filing and Order Granting Term Option Series, which would
plans to submit this existing collection Accelerated Approval to a Proposed expire one week after the date on which
of information to the Office of Rule Change and Amendment No. 1 a series is opened. Under the proposal,
Management and Budget for extension Thereto To List and Trade Short Term the Exchange could select up to five
and approval. Option Series approved option classes 4 on which
Rule 17a–10 (17 CFR 240.17a–10) Short Term Option Series could be
July 12, 2005.
requires broker-dealers that are opened. A series could be opened on
Pursuant to section 19(b)(1) of the any Friday that is a business day (‘‘Short
exempted from the filing requirements Securities Exchange Act of 1934
of paragraph (a) of Rule 17a–5 (17 CFR Term Option Opening Date’’) and would
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 expire at the close of business on the
section 240.17a–5) to file with the notice is hereby given that on March 23,
Commission an annual statement of next Friday that is a business day
2005, the American Stock Exchange LLC (‘‘Short Term Option Expiration Date’’).
income (loss) and balance sheet. It is (‘‘Amex’’ or ‘‘Exchange’’) filed with the
anticipated that approximately 500 If a Friday were not a business day, the
Securities and Exchange Commission series could be opened (or would
broker-dealers will spend 12 hours per (‘‘Commission’’) the proposed rule
year complying with Rule 17a–10. The expire) on the first business day
change as described in items I and II immediately prior to that Friday.
total burden is estimated to be below, which items have been
approximately 6,000 hours. Each broker- The proposal would allow the
substantially prepared by the Exchange. Exchange to open up to five Short Term
dealer will spend approximately $880 Amex filed Amendment No. 1 with the
per response 1 for a total annual expense Option Series for each Short Term
Commission on June 1, 2005.3 This Option Expiration Date. The strike price
for all broker-dealers of $440,000. notice and order requests comment on
Written comments are invited on: (a) for each series would be fixed at a price
the proposal from interested persons per share, with at least two strike prices
Whether the proposed collection of and approves the amended proposal on
information is necessary for the proper above and two strike prices below the
an accelerated basis. approximate value of the underlying
performance of the functions of the
agency, including whether the I. Self-Regulatory Organization’s security, or the calculated index value
information shall have practical utility; Statement of the Terms of Substance of in the case of an index class, at about
(b) the accuracy of the agency’s estimate the Proposed Rule Change the time that Short Term Option Series
of the burden of the proposed collection The Exchange proposes to establish a was opened for trading on the Exchange.
of information; (c) ways to enhance the pilot program to list and trade option No Short Term Option Series on an
quality, utility, and clarity of the series that expire one week after being option class would be opened in the
information to be collected; and (d) opened for trading (‘‘Short Term Option same week in which a monthly option
ways to minimize the burden of the Series’’). The Exchange proposed that series on the same class is expiring,
the pilot program extend one year from because the monthly option series in its
1 According to the Securities Industry
the date of this approval. The text of the last week before expiration is
Association’s guide on management and proposed rule change, as amended, is
professional earnings, the median salary for a 4 Short Term Option Series could be opened in

financial reporting manager is $97,500. Assuming any option class that satisfied the applicable listing
1 15
U.S.C. 78s(b)(1).
that a financial reporting manager works 1800 hours criteria under Amex rules (i.e., stock options,
2 17
CFR 240.19b–4.
per year, he or she earns $54.17 per hour. Adding options on exchange traded funds (as defined under
in overhead costs of 35%, the hourly rate equals 3 Amendment No. 1 revised the settlement times Amex Rule 915, Commentary .06), or options on
$73.13 per hour, or $877.56 per 12-hour response. for the proposed Short Term Options Series. indexes.)

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