Self-Regulatory Organizations; MBS Clearing Corporation; Notice of Filing of Application for Extension of Temporary Registration as a Clearing Agency

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-34948; File Nos. 600-19 and 600-22]

Self-Regulatory Organizations; MBS Clearing Corporation; Notice

of Filing of Application for Extension of Temporary Registration as a

Clearing Agency

November 8, 1994.

Notice is hereby given that on November 7, 1994, MBS Clearing

Corporation (``MBS'') filed with the Securities and Exchange Commission

(``Commission'') pursuant to Section 19(a) of the Securities Exchange

Act of 1934 (``Act''),\1\ a request for extension of its registration

as a clearing agency under Section 17A of the Act for a period of

eighteen months through June 30, 1996.\2\ The Commission is publishing

this notice to solicit comments on the request for extension of

registration from interested persons.

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\1\15 U.S.C. 78s(a).

\2\Letter from David T. Rusoff, Foley & Lardner, to Ari

Burstein, Attorney, Division of Market Regulation, Commission

(November 7, 1994).

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On February 2, 1987, the Commission granted MBS's application for

registration as a clearing agency, pursuant to Section 17A(b) and

19(a)(1) of the Act\3\ and Rule 17Ab2-1(c)\4\ thereunder, on a

temporary basis for a period of eighteen months.\5\ Subsequently, the

Commission issued orders that extended MBS's temporary registration as

a clearing agency with the last of which extending MBS's registration

through December 31, 1994.\6\ MBS provides clearance and settlement

services for members in processing transactions in mortgage-backed

securities. 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 all written comments will be available for

inspection and copying in the Commission's Public Reference Section,

450 Fifth Street, N.W., Washington, D.C. 20549. All submissions should

refer to the File Nos. 600-19 and 600-22 and should be submitted by

December 7, 1994.

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\3\15 U.S.C. 78q-1(b) and 15 U.S.C. 78s(a)(1).

\4\17CFR 240.17Ab2-1(c).

\5\Securities Exchange Act Release No. 24046 (February 2, 1987),

52 FR 4218 (order granting MBS registration as a clearing agency for

a period not to exceed 18 months).

\6\Securities Exchange Act Release Nos. 25957 (August 2, 1988).

53 FR 29537; 27079 (July 31, 1989), 54 FR 32412; 28492 (September

28, 1990), 55 FR 41148; 29751 (September 27, 1991), 56 FR 505602;

31750 (January 21, 1993), 58 FR 6424; and 33348 (December 15, 1993),

58 FR 68183.

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For the Commission, by the Division of Market Regulation

pursuant to delegation authority.\7\

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\7\17 CFR 200.30-3(a)(50).

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Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 94-28263 Filed 11-15-94: 8:45 am]

BILLING CODE 8010-01-M