SSgA Funds Management, Inc., et al., 25808-25809 [E7-8598]
Download as PDF
<![CDATA[
25808
Federal Register / Vol. 72, No. 87 / Monday, May 7, 2007 / Notices
member organizations effecting
transactions in Fund Shares to deliver a
Product Description to purchasers of
Fund Shares.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–8599 Filed 5–4–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–27809; 812–13356]
SSgA Funds Management, Inc., et al.;
Notice of Application
April 30, 2007.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application to amend
a prior order under section 6(c) of the
Investment Company Act of 1940
(‘‘Act’’) for an exemption from sections
2(a)(32), 5(a)(1), 22(d), 22(e) and 24(d) of
the Act and rule 22c–1 under the Act,
and under sections 6(c) and 17(b) of the
Act for an exemption from sections
17(a)(1) and (a)(2) of the Act.
AGENCY:
Applicants
request an order to amend a prior order
that permits: (a) Open-end management
investment companies, whose series are
based on certain equity securities
indices, to issue shares of limited
redeemability; (b) secondary market
transactions in the shares of the series
to occur at negotiated prices; (c) dealers
to sell shares to purchasers in the
secondary market unaccompanied by a
prospectus when prospectus delivery is
not required by the Securities Act of
1933 (‘‘Securities Act’’); (d) certain
affiliated persons of the series to deposit
securities into, and receive securities
from, the series in connection with the
purchase and redemption of
aggregations of the series’ shares; and (e)
under certain circumstances, the series
that track certain foreign equity
securities indices to pay redemption
proceeds more than seven days after the
tender of shares (the ‘‘Prior Order’’).1
Applicants seek to amend the Prior
Order in order to offer additional series
based on certain fixed income securities
indices (the ‘‘New Funds’’). In addition,
pwalker on PROD1PC71 with NOTICES
SUMMARY OF APPLICATION:
1 State Street Bank and Trust Company, et al.,
Investment Company Act Release No. 24666 (Sept.
24, 2000), superseding The Select Sector SPDR
Trust, Investment Company Act Release No. 23534
(Nov. 13, 1998), as amended by SSgA Funds
Management, Inc., et al., Investment Company Act
Release No. 27543 (Nov. 1, 2006).
VerDate Aug<31>2005
18:36 May 04, 2007
Jkt 211001
the order would delete a condition
related to future relief in the Prior
Order.
APPLICANTS: SSgA Funds Management,
Inc. (‘‘Adviser’’), State Street Global
Markets LLC (‘‘Distributor’’),
streetTRACKS Series Trust, and
streetTRACKS Index Shares Funds
(each, a ‘‘Trust’’ and together, the
‘‘Trusts’’).
FILING DATES: The application was filed
on January 5, 2007 and amended on
April 23, 2007.
HEARING OR NOTIFICATION OF HEARING: An
order granting the requested relief will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on May 24, 2007, and
should be accompanied by proof of
service on applicants, in the form of an
affidavit or, for lawyers, a certificate of
service. Hearing requests should state
the nature of the writer’s interest, the
reason for the request, and the issues
contested. Persons who wish to be
notified of a hearing may request
notification by writing to the
Commission’s Secretary.
ADDRESSES: Secretary, U.S. Securities
and Exchange Commission, 100 F
Street, NE, Washington, DC 20549–
1090. Applicants: Scott M. Zoltowski,
Esq., State Street Global Advisors, One
Lincoln Street, Boston Massachusetts
02111; Vincent Manzi, State Street
Global Markets LLC, One Lincoln Street,
Boston, Massachusetts 02111; and W.
John McGuire, Esq., Morgan, Lewis &
Bockius LLP, 1111 Pennsylvania
Avenue, NW, Washington, DC 20004.
FOR FURTHER INFORMATION CONTACT:
Emerson S. Davis, Sr., Senior Counsel,
at (202) 551–6868, or Mary Kay Frech,
Branch Chief, at (202) 551–6821
(Division of Investment Management,
Office of Investment Company
Regulation).
The
following is a summary of the
application. The complete application
may be obtained for a fee at the
Commission’s Public Reference Branch,
100 F Street, NE, Washington, DC
20549–0102 (tel. 202–551–5850).
SUPPLEMENTARY INFORMATION:
Applicants’ Representations
1. Each Trust is an open-end
management investment company
registered under the Act and organized
as a Massachusetts business trust. The
Trusts are organized as series funds
with multiple series. The Adviser, an
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
investment adviser registered under the
Investment Advisers Act of 1940, will
serve as investment adviser to the New
Funds. The Adviser may retain subadvisers (‘‘Sub-Advisers’’) to manage the
assets of a New Fund. Any Sub-Adviser
will be registered under the Advisers
Act. The Distributor, a broker-dealer
registered under the Securities
Exchange Act of 1934 (‘‘Exchange Act’’),
will serve as the principal underwriter
of the New Funds’’ shares.
2. Each Trust is currently permitted to
offer series based on equity securities
indices in reliance on the Prior Order.
Applicants seek to amend the Prior
Order to permit the Trusts to offer the
New Funds that, except as described in
the application, would operate in a
manner identical to the existing series of
the Trusts that are subject to the Prior
Order.
3. The New Funds will invest in
portfolios of securities generally
consisting of the component securities
of the Lehman Brothers 1–3 Year U.S.
Treasury Index, Lehman Brothers
Intermediate U.S. Treasury Index,
Lehman Brothers Long U.S. Treasury
Index, Lehman Brothers U.S. Aggregate
Index, Lehman Brothers 1–3 Year U.S.
Corporate Investment Grade Index,
Lehman Brothers U.S. Intermediate
Corporate Grade Index, and Lehman
Brothers U.S. Long Corporate
Investment Grade Index (the
‘‘Underlying Indexes’’). No entity that
creates, compiles, sponsors, or
maintains an Underlying Index is or
will be an affiliated person, as defined
in section 2(a)(3) of the Act, or an
affiliated person of an affiliated person,
of the Trusts, the Adviser, any SubAdviser, the Distributor, or a promoter
of a New Fund.
4. The investment objective of each
New Fund will be to provide investment
results that correspond generally to the
price and yield performance of the
relevant Underlying Index. The Adviser
may fully replicate a New Fund’s
relevant Underlying Index or use a
representative sampling strategy where
the New Fund will seek to hold a
representative sample of the component
securities of the Underlying Index. Each
New Fund generally will invest at least
80% or 90% of its total assets, as
disclosed in the relevant prospectus, in
the securities that comprise the relevant
Underlying Index, but at times may
invest up to 20% of its total assets in
certain futures, options, and swap
contracts, cash and cash equivalents, as
well as securities not included in its
Underlying Index which the Adviser
believes will help the New Fund track
the Underlying Index. At all times, a
New Fund will hold, in the aggregate, at
E:\FR\FM\07MYN1.SGM
07MYN1
Federal Register / Vol. 72, No. 87 / Monday, May 7, 2007 / Notices
least 80% of its total assets in
component securities and investments
that have economic characteristics that
are substantially identical to the
economic characteristics of the
component securities of its Underlying
Index. Applicants expect that each New
Fund will have a tracking error relative
to the performance of its respective
Underlying Index of less than 5 percent.
5. Applicants state that a New Fund
will comply with the federal securities
laws in accepting a deposit of a portfolio
of securities designated by the Adviser
to correspond generally to the price and
yield of the New Fund’s Underlying
Index (‘‘Deposit Securities’’) 2 and
satisfying redemptions with portfolio
securities of the New Fund (‘‘Fund
Securities’’), including that the Deposit
Securities and Fund Securities are sold
in transactions that would be exempt
from registration under the Securities
Act.3
6. Applicants state that the New
Funds will operate in a manner
identical to the operation of the existing
series of the Trusts in the Prior Order,
except as specifically noted by
applicants (and summarized in this
notice), and will comply with all of the
terms, provisions and conditions of the
Prior Order, as amended by the present
application. Applicants believe that the
requested relief continues to meet the
necessary exemptive standards.
pwalker on PROD1PC71 with NOTICES
Future Relief
7. Applicants also seek to amend the
Prior Order to modify the terms under
which the Trusts may offer additional
series in the future based on other
securities indices (‘‘Future Funds’’). The
Prior Order is currently subject to a
condition that does not permit
applicants to register the shares of any
Future Fund by means of filing a posteffective amendment to a Trust’s
2 Applicants state that a cash-in-lieu amount will
replace any ‘‘to-be-announced’’ (‘‘TBA’’) transaction
that is listed as a Deposit Security of any New Fund.
A TBA transaction is a method of trading mortgagebacked securities where the buyer and seller agree
upon general trade parameters such as agency,
settlement date, par amount and price. The actual
pools delivered generally are determined two days
prior to the settlement date. The amount of
substituted cash in the case of TBA transactions
will be equivalent to the value of the TBA
transaction listed as a Deposit Security.
3 In accepting Deposit Securities and satisfying
redemptions with Fund Securities that are
restricted securities eligible for resale pursuant to
rule 144A under the Securities Act, New Funds will
comply with the conditions of rule 144A, including
in satisfying redemptions with such rule 144A
eligible restricted Fund Securities. The prospectus
for a New Fund will also state that an authorized
participant that is not a ‘‘Qualified Institutional
Buyer,’’ as defined in rule 144A under the
Securities Act, will not be able to receive, as part
of a redemption, restricted securities eligible for
resale under rule 144A.
VerDate Aug<31>2005
18:36 May 04, 2007
Jkt 211001
registration statement or by any other
means, unless applicants have requested
and received with respect to such
Future Fund, either exemptive relief
from the Commission or a no-action
letter from the Division of Investment
Management of the Commission, or if
the Future Fund could be listed on a
national securities exchange
(‘‘Exchange’’) without the need for a
filing pursuant to rule 19b–4 under the
Exchange Act.
8. The order would amend the Prior
Order to delete this condition. Any
Future Funds will (a) be advised by the
Adviser or an entity controlled by or
under common control with the
Adviser; (b) track Underlying Indices
that are created, compiled, sponsored or
maintained by an entity that is not an
affiliated person, as defined in section
2(a)(3) of the Act, or an affiliated person
of an affiliated person, of the Adviser,
the Distributor, the Trusts or any SubAdviser or promoter of a Future Fund,
and (c) comply with the respective
terms and conditions of the Prior Order,
as amended by the present application.
9. Applicants believe that the
modification of the future relief
available under the Prior Order would
be consistent with sections 6(c) and
17(b) of the Act and that granting the
requested relief will facilitate the timely
creation of Future Funds and the
commencement of secondary market
trading of such Future Funds by
removing the need to seek additional
exemptive relief. Applicants submit that
the terms and conditions of the Prior
Order have been appropriate for the
existing series of the Trusts and would
remain appropriate for Future Funds.
Applicants also submit that tying
exemptive relief under the Act to the
ability of a Future Fund to be listed on
an Exchange without the need for a rule
19b–4 filing under the Exchange Act is
not necessary to meet the standards
under sections 6(c) and 17(b) of the Act.
Applicants’ Condition
Applicants agree that any amended
order granting the requested relief will
be subject to the same conditions as
those imposed by the Prior Order,
except for condition 1 to the Prior
Order, which will be deleted.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–8598 Filed 5–4–07; 8:45 am]
BILLING CODE 8010–01–P
PO 00000
Frm 00074
Fmt 4703
Sfmt 4703
25809
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
FEDERAL REGISTER CITATION OF PREVIOUS
ANNOUNCEMENT: [To be Published].
Closed meeting.
100 F Street, NE., Washington,
STATUS:
PLACE:
DC.
DATE AND TIME OF PREVIOUSLY ANNOUNCED
MEETING: Tuesday, May 8, 2007 at 2 p.m.
Time change.
The closed meeting scheduled for
Tuesday, May 8, 2007 at 2 p.m. has been
changed to Tuesday, May 8, 2007 at
12:30 p.m.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items. For further
information and to ascertain what, if
any, matters have been added, deleted
or postponed, please contact the Office
of the Secretary at (202) 551–5400.
CHANGE IN THE MEETING:
Dated: May 2, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–8649 Filed 5–4–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release Nos. 33–8794; 34–55682]
Order Making Fiscal Year 2008 Annual
Adjustments to the Fee Rates
Applicable Under Section 6(b) of the
Securities Act of 1933 and Sections
13(e), 14(g), 31(b), and 31(c) of the
Securities Exchange Act of 1934
April 30, 2007.
I. Background
The Commission collects fees under
various provisions of the securities
laws. Section 6(b) of the Securities Act
of 1933 (‘‘Securities Act’’) requires the
Commission to collect fees from issuers
on the registration of securities.1 Section
13(e) of the Securities Exchange Act of
1934 (‘‘Exchange Act’’) requires the
Commission to collect fees on specified
repurchases of securities.2 Section 14(g)
of the Exchange Act requires the
Commission to collect fees on proxy
solicitations and statements in corporate
control transactions.3 Finally, Sections
31(b) and (c) of the Exchange Act
require national securities exchanges
and national securities associations,
respectively, to pay fees to the
1 15
U.S.C. 77f(b).
U.S.C. 78m(e).
3 15 U.S.C. 78n(g).
2 15
E:\FR\FM\07MYN1.SGM
07MYN1
]]>Agencies
[Federal Register Volume 72, Number 87 (Monday, May 7, 2007)]
[Notices]
[Pages 25808-25809]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-8598]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-27809; 812-13356]
SSgA Funds Management, Inc., et al.; Notice of Application
April 30, 2007.
AGENCY: Securities and Exchange Commission (``Commission'').
ACTION: Notice of application to amend a prior order under section 6(c)
of the Investment Company Act of 1940 (``Act'') for an exemption from
sections 2(a)(32), 5(a)(1), 22(d), 22(e) and 24(d) of the Act and rule
22c-1 under the Act, and under sections 6(c) and 17(b) of the Act for
an exemption from sections 17(a)(1) and (a)(2) of the Act.
-----------------------------------------------------------------------
Summary of Application: Applicants request an order to amend a prior
order that permits: (a) Open-end management investment companies, whose
series are based on certain equity securities indices, to issue shares
of limited redeemability; (b) secondary market transactions in the
shares of the series to occur at negotiated prices; (c) dealers to sell
shares to purchasers in the secondary market unaccompanied by a
prospectus when prospectus delivery is not required by the Securities
Act of 1933 (``Securities Act''); (d) certain affiliated persons of the
series to deposit securities into, and receive securities from, the
series in connection with the purchase and redemption of aggregations
of the series' shares; and (e) under certain circumstances, the series
that track certain foreign equity securities indices to pay redemption
proceeds more than seven days after the tender of shares (the ``Prior
Order'').\1\ Applicants seek to amend the Prior Order in order to offer
additional series based on certain fixed income securities indices (the
``New Funds''). In addition, the order would delete a condition related
to future relief in the Prior Order.
---------------------------------------------------------------------------
\1\ State Street Bank and Trust Company, et al., Investment
Company Act Release No. 24666 (Sept. 24, 2000), superseding The
Select Sector SPDR Trust, Investment Company Act Release No. 23534
(Nov. 13, 1998), as amended by SSgA Funds Management, Inc., et al.,
Investment Company Act Release No. 27543 (Nov. 1, 2006).
Applicants: SSgA Funds Management, Inc. (``Adviser''), State Street
Global Markets LLC (``Distributor''), streetTRACKS[supreg] Series
Trust, and streetTRACKS[supreg] Index Shares Funds (each, a ``Trust''
---------------------------------------------------------------------------
and together, the ``Trusts'').
Filing Dates: The application was filed on January 5, 2007 and amended
on April 23, 2007.
Hearing or Notification of Hearing: An order granting the requested
relief will be issued unless the Commission orders a hearing.
Interested persons may request a hearing by writing to the Commission's
Secretary and serving applicants with a copy of the request, personally
or by mail. Hearing requests should be received by the Commission by
5:30 p.m. on May 24, 2007, and should be accompanied by proof of
service on applicants, in the form of an affidavit or, for lawyers, a
certificate of service. Hearing requests should state the nature of the
writer's interest, the reason for the request, and the issues
contested. Persons who wish to be notified of a hearing may request
notification by writing to the Commission's Secretary.
ADDRESSES: Secretary, U.S. Securities and Exchange Commission, 100 F
Street, NE, Washington, DC 20549-1090. Applicants: Scott M. Zoltowski,
Esq., State Street Global Advisors, One Lincoln Street, Boston
Massachusetts 02111; Vincent Manzi, State Street Global Markets LLC,
One Lincoln Street, Boston, Massachusetts 02111; and W. John McGuire,
Esq., Morgan, Lewis & Bockius LLP, 1111 Pennsylvania Avenue, NW,
Washington, DC 20004.
FOR FURTHER INFORMATION CONTACT: Emerson S. Davis, Sr., Senior Counsel,
at (202) 551-6868, or Mary Kay Frech, Branch Chief, at (202) 551-6821
(Division of Investment Management, Office of Investment Company
Regulation).
SUPPLEMENTARY INFORMATION: The following is a summary of the
application. The complete application may be obtained for a fee at the
Commission's Public Reference Branch, 100 F Street, NE, Washington, DC
20549-0102 (tel. 202-551-5850).
Applicants' Representations
1. Each Trust is an open-end management investment company
registered under the Act and organized as a Massachusetts business
trust. The Trusts are organized as series funds with multiple series.
The Adviser, an investment adviser registered under the Investment
Advisers Act of 1940, will serve as investment adviser to the New
Funds. The Adviser may retain sub-advisers (``Sub-Advisers'') to manage
the assets of a New Fund. Any Sub-Adviser will be registered under the
Advisers Act. The Distributor, a broker-dealer registered under the
Securities Exchange Act of 1934 (``Exchange Act''), will serve as the
principal underwriter of the New Funds'' shares.
2. Each Trust is currently permitted to offer series based on
equity securities indices in reliance on the Prior Order. Applicants
seek to amend the Prior Order to permit the Trusts to offer the New
Funds that, except as described in the application, would operate in a
manner identical to the existing series of the Trusts that are subject
to the Prior Order.
3. The New Funds will invest in portfolios of securities generally
consisting of the component securities of the Lehman Brothers 1-3 Year
U.S. Treasury Index, Lehman Brothers Intermediate U.S. Treasury Index,
Lehman Brothers Long U.S. Treasury Index, Lehman Brothers U.S.
Aggregate Index, Lehman Brothers 1-3 Year U.S. Corporate Investment
Grade Index, Lehman Brothers U.S. Intermediate Corporate Grade Index,
and Lehman Brothers U.S. Long Corporate Investment Grade Index (the
``Underlying Indexes''). No entity that creates, compiles, sponsors, or
maintains an Underlying Index is or will be an affiliated person, as
defined in section 2(a)(3) of the Act, or an affiliated person of an
affiliated person, of the Trusts, the Adviser, any Sub-Adviser, the
Distributor, or a promoter of a New Fund.
4. The investment objective of each New Fund will be to provide
investment results that correspond generally to the price and yield
performance of the relevant Underlying Index. The Adviser may fully
replicate a New Fund's relevant Underlying Index or use a
representative sampling strategy where the New Fund will seek to hold a
representative sample of the component securities of the Underlying
Index. Each New Fund generally will invest at least 80% or 90% of its
total assets, as disclosed in the relevant prospectus, in the
securities that comprise the relevant Underlying Index, but at times
may invest up to 20% of its total assets in certain futures, options,
and swap contracts, cash and cash equivalents, as well as securities
not included in its Underlying Index which the Adviser believes will
help the New Fund track the Underlying Index. At all times, a New Fund
will hold, in the aggregate, at
[[Page 25809]]
least 80% of its total assets in component securities and investments
that have economic characteristics that are substantially identical to
the economic characteristics of the component securities of its
Underlying Index. Applicants expect that each New Fund will have a
tracking error relative to the performance of its respective Underlying
Index of less than 5 percent.
5. Applicants state that a New Fund will comply with the federal
securities laws in accepting a deposit of a portfolio of securities
designated by the Adviser to correspond generally to the price and
yield of the New Fund's Underlying Index (``Deposit Securities'') \2\
and satisfying redemptions with portfolio securities of the New Fund
(``Fund Securities''), including that the Deposit Securities and Fund
Securities are sold in transactions that would be exempt from
registration under the Securities Act.\3\
---------------------------------------------------------------------------
\2\ Applicants state that a cash-in-lieu amount will replace any
``to-be-announced'' (``TBA'') transaction that is listed as a
Deposit Security of any New Fund. A TBA transaction is a method of
trading mortgage-backed securities where the buyer and seller agree
upon general trade parameters such as agency, settlement date, par
amount and price. The actual pools delivered generally are
determined two days prior to the settlement date. The amount of
substituted cash in the case of TBA transactions will be equivalent
to the value of the TBA transaction listed as a Deposit Security.
\3\ In accepting Deposit Securities and satisfying redemptions
with Fund Securities that are restricted securities eligible for
resale pursuant to rule 144A under the Securities Act, New Funds
will comply with the conditions of rule 144A, including in
satisfying redemptions with such rule 144A eligible restricted Fund
Securities. The prospectus for a New Fund will also state that an
authorized participant that is not a ``Qualified Institutional
Buyer,'' as defined in rule 144A under the Securities Act, will not
be able to receive, as part of a redemption, restricted securities
eligible for resale under rule 144A.
---------------------------------------------------------------------------
6. Applicants state that the New Funds will operate in a manner
identical to the operation of the existing series of the Trusts in the
Prior Order, except as specifically noted by applicants (and summarized
in this notice), and will comply with all of the terms, provisions and
conditions of the Prior Order, as amended by the present application.
Applicants believe that the requested relief continues to meet the
necessary exemptive standards.
Future Relief
7. Applicants also seek to amend the Prior Order to modify the
terms under which the Trusts may offer additional series in the future
based on other securities indices (``Future Funds''). The Prior Order
is currently subject to a condition that does not permit applicants to
register the shares of any Future Fund by means of filing a post-
effective amendment to a Trust's registration statement or by any other
means, unless applicants have requested and received with respect to
such Future Fund, either exemptive relief from the Commission or a no-
action letter from the Division of Investment Management of the
Commission, or if the Future Fund could be listed on a national
securities exchange (``Exchange'') without the need for a filing
pursuant to rule 19b-4 under the Exchange Act.
8. The order would amend the Prior Order to delete this condition.
Any Future Funds will (a) be advised by the Adviser or an entity
controlled by or under common control with the Adviser; (b) track
Underlying Indices that are created, compiled, sponsored or maintained
by an entity that is not an affiliated person, as defined in section
2(a)(3) of the Act, or an affiliated person of an affiliated person, of
the Adviser, the Distributor, the Trusts or any Sub-Adviser or promoter
of a Future Fund, and (c) comply with the respective terms and
conditions of the Prior Order, as amended by the present application.
9. Applicants believe that the modification of the future relief
available under the Prior Order would be consistent with sections 6(c)
and 17(b) of the Act and that granting the requested relief will
facilitate the timely creation of Future Funds and the commencement of
secondary market trading of such Future Funds by removing the need to
seek additional exemptive relief. Applicants submit that the terms and
conditions of the Prior Order have been appropriate for the existing
series of the Trusts and would remain appropriate for Future Funds.
Applicants also submit that tying exemptive relief under the Act to the
ability of a Future Fund to be listed on an Exchange without the need
for a rule 19b-4 filing under the Exchange Act is not necessary to meet
the standards under sections 6(c) and 17(b) of the Act.
Applicants' Condition
Applicants agree that any amended order granting the requested
relief will be subject to the same conditions as those imposed by the
Prior Order, except for condition 1 to the Prior Order, which will be
deleted.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-8598 Filed 5-4-07; 8:45 am]
BILLING CODE 8010-01-P
