[Federal Register Volume 67, Number 60 (Thursday, March 28, 2002)]
[Notices]
[Pages 14993-14994]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-7463]


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SECURITIES AND EXCHANGE COMMISSION

File No. 1-13949


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration From the American Stock Exchange LLC (Local Financial 
Corporation, 11% Senior Notes)

March 22, 2002.
    Local Financial Corporation, a Delaware corporation (``Issuer''), 
has filed an application with the Securities and Exchange Commission 
(``Commission''), pursuant to section 12(d) of the Securities Exchange 
Act of 1934 (``Act'') \1\ and Rule 12d2-2(d) thereunder,\2\ to withdraw 
its 11% Senior Notes (``Security''), from listing and registration on 
the American Stock Exchange LLC (``Amex'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer stated in its application that it has met the 
requirements of Amex Rule 18 by complying with all applicable laws in 
effect in the State of Delaware, in which it is incorporated, and with 
the Amex's rules governing an issuer's voluntary withdrawal of a 
security from listing and registration.
    The Board of Trustees (``Board'') of the Issuer unanimously 
approved a resolution on February 27, 2002 to withdraw the Issuer's 
Security from listing on the Amex. In making the decision to withdraw 
its Security from the Amex, the Board states that the Issuer has no 
continuing obligation to list the Security. The Issuer states that the 
Security is rarely traded and the Issuer has no record of any 
transaction occurring on the Amex since the original listing of the 
Security in April 1998. In addition, the Issuer wishes to reduce the 
cost of continuing to list the Security and has other securities 
outstanding which obligate it to continue filing its reports with the 
Commission. The Issuer's application relates solely to the withdrawal 
of the Security from listing and registration under section 12(b) of 
the Act \3\ and shall not affect its obligation to be registered under 
section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before April 15, 2002, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex and what terms, if any, should be imposed by the

[[Page 14994]]

Commission for the protection of investors. The Commission, based on 
the information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
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determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 02-7463 Filed 3-27-02; 8:45 am]
BILLING CODE 8010-01-P