NMFS announces that the directed fishery for Loligo squid in the exclusive economic zone (EEZ) will be closed effective March 25, 2003. Vessels issued a Federal permit to harvest Loligo squid may not possess or land more than 2,500 lb (1.13 mt) of Loligo squid per calendar day for the remainder of the quarter (through March 31, 2003). This action is necessary to prevent the fishery from exceeding its Quarter I quota and allow for effective management of this stock.