[Federal Register Volume 69, Number 4 (Wednesday, January 7, 2004)]
[Notices]
[Page 949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-261]



[[Page 949]]

=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of Metropolitan Mortgage 
& Securities Co., Inc., To Withdraw Its Variable Rate Cumulative 
Preferred Stock, Series E-7, Par Value $2.50, From Listing and 
Registration on the American Stock Exchange LLC File No. 1-15595

December 31, 2003.
    Metropolitan Mortgage & Securities Co., Inc., a Washington 
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 Variable Rate Cumulative Preferred 
Stock, Series E-7, par value $2.50 (``Security''), from listing and 
registration on the American Stock Exchange LLC (``Amex'' or 
``Exchange'').
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
---------------------------------------------------------------------------

    The Issuer stated in its application that it has met the 
requirements of Amex Rule 18 by complying with all applicable laws in 
the State of Washington, 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 Directors (``Board'') of the Issuer unanimously 
approved a resolution on December 23, 2003 to withdraw the Issuer's 
Security from listing on the Amex and to list such Security on the OTC 
Bulletin Board. The Board states that the following reason factored 
into its decision to withdraw the Security from listing and 
registration on the Amex: on December 22, 2003, the Issuer received 
notice from the Exchange that the Issuer was not in compliance with the 
Exchange's continued listing standards pursuant to Sections 1003 and 
1009 of the Exchange's Company Guide.
    The Issuer's application relates solely to the withdrawal of the 
Securities from listing on the Amex and from 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\
---------------------------------------------------------------------------

    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
---------------------------------------------------------------------------

    Any interested person may, on or before January 28, 2004, 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 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 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
---------------------------------------------------------------------------

    \5\ 17 CFR 200.30-3(a)(1).
---------------------------------------------------------------------------

Jonathan G. Katz,
Secretary.
[FR Doc. 04-261 Filed 1-6-04; 8:45 am]
BILLING CODE 8010-01-M