Florida Disaster Number FL-00004, 42406-42407 [05-14471]
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42406
Federal Register / Vol. 70, No. 140 / Friday, July 22, 2005 / Notices
Fourth, OCC’s Rule 611 treats all long
option positions in the regular securities
customers’ account as ‘‘segregated’’ and
therefore free of OCC’s lien except to the
extent that a clearing member is entitled
to ‘‘unsegregate’’ long positions that are
part of a customer spread. Rule 611 is
being amended to provide that all
positions in customers’ lien accounts
will be deemed to be ‘‘unsegregated.’’
Fifth, Chapter XI of OCC’s Rules is
being amended to provide for the
liquidation of a clearing member’s
customers’ lien account in the event that
the clearing member is suspended. In
essence, a customers’ lien account will
be treated in exactly the same manner
as a combined market-maker account.
Under these provisions, proceeds of
long options or security futures in a
customers’ lien account will be applied
only to satisfy obligations arising from
that account.
III. Discussion
Section 17A(b)(3)(F) of the Act
requires, among other things, that the
rules of a clearing agency be designed to
assure the safeguarding of securities and
funds which are in its custody or
control or for which it is responsible.7
The proposed rule change is designed to
facilitate a new portfolio customer
margining program that was the subject
of proposed rule changes filed by NYSE
and CBOE and was approved by the
Commission.8 In order to reduce the
disparity between the customer-level
margin requirement and the clearinglevel margin requirement that would
occur if portfolio margining were
allowed at the customer level but not at
the clearing member level, the member’s
portfolio of eligible transactions will be
cleared and settled at OCC through a
new customers’ lien account and OCC
will compute margin for such account
using the same portfolio margining
methodology (OCC’s TIMS
methodology) that is used to calculate
margin at the customer level.
OCC’s Rule 611(c) currently allows a
clearing member to unsegregate a
customer’s long option position only if
the position is offset by a short position
being carried for the same customer and
if the customer’s margin requirement is
reduced as a result of the offsetting
positions. Under the customer portfolio
margining methodology program, all
long positions in the customers’ lien
account will be available as an offset to
all short positions, regardless of the
identity of the customer. This should
provide for a greater diversification
7 15
U.S.C. 78q–1(b)(3)(F).
Exchange Act Release No. XXXXX
(July, 2005).
benefit to OCC’s clearing members in
the calculation of their margin.
However, because all positions in the
customers’ lien account will be
unsegregated and therefore will be
subject to OCC’s lien, the long positions
in the account will be available to OCC
in the event a clearing member fails to
settle its obligations relating to a short
position. Accordingly, because the
proposed rule change is designed to
ensure that transactions in securities
which are eligible for the new portfolio
margining program approved by the
Commission will be cleared and settled
by OCC in a manner that will not reduce
the adequacy of collateral available to
OCC, the proposed rule change should
not adversely affect OCC’s ability to
assure the safeguarding of securities and
funds which are in OCC’s custody and
control or for which OCC is responsible.
IV. Conclusion
On the basis of the foregoing, the
Commission finds that the proposed
rule change is consistent with the
requirements of the Act and in
particular Section 17A of the Act and
the rules and regulations thereunder.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act, that the
proposed rule change (File No. SR–
OCC–2003–04) be and hereby is
approved.
19:28 Jul 21, 2005
Jkt 205001
A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, Suite 6050, Washington,
DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the Presidential disaster declaration
for the State of Florida, dated 7/10/2005,
is hereby amended to include the
following areas as adversely affected by
the disaster:
Primary Counties:
Bay, Franklin, Gulf, Okaloosa,
Wakulla, and Walton.
Contiguous Counties:
Florida: Calhoun, Holmes, Jackson,
Jefferson, Leon, Liberty, and
Washington.
Alabama: Covington and Geneva.
All other information in the original
declaration remains unchanged.
FOR FURTHER INFORMATION CONTACT:
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. 05–14468 Filed 7–21–05; 8:45 am]
For the Commission by the Division of
Market Regulation, pursuant to delegated
authority.9
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E5–3915 Filed 7–21–05; 8:45 am]
BILLING CODE 8025–01–P
BILLING CODE 8010–01–P
Florida Disaster Number FL–00004
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration No. 10139 and No.
10140]
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration No. 10137 and No.
10138]
Florida Disaster Number FL–00005
U.S. Small Business
Administration.
ACTION: Amendment 1.
AGENCY:
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for the State of Florida (FEMA–
1595–DR), dated 7/10/2005.
Incident: Hurricane Dennis.
Incident Period: 7/10/2005 and
continuing.
Effective Date: 7/13/2005.
Physical Loan Application Deadline
Date: 9/08/2005.
EIDL Loan Application Deadline Date:
4/10/2006.
DATES:
8 Securities
VerDate jul<14>2003
Submit completed loan
applications to:
U.S. Small Business Administration,
Disaster Area Office 3, 14925
Kingsport Road, Fort Worth, TX
76155.
ADDRESSES:
PO 00000
9 17
CFR 200.30–3(a)(12).
Frm 00108
Fmt 4703
Sfmt 4703
SUMMARY: This is a notice of an
Administrative declaration of a disaster
for the State of Florida dated 7/13/2005.
Incident: Severe Storms and Flooding.
Incident Period: 6/25/2005 through
7/07/2005.
EFFECTIVE DATE: 7/13/2005.
Physical Loan Application Deadline
Date: 9/12/2005.
EIDL Loan Application Deadline Date:
4/13/2006.
ADDRESSES: Submit completed loan
applications to:
U.S. Small Business Administration,
Disaster Area Office 3, 14925
Kingsport Road, Fort Worth, TX
76155.
A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
FOR FURTHER INFORMATION CONTACT:
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Federal Register / Vol. 70, No. 140 / Friday, July 22, 2005 / Notices
409 3rd Street, Suite 6050, Washington,
DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
Administrator’s disaster declaration
applications for disaster loans may be
filed at the address listed above or other
locally announced locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties:
Duval.
Contiguous Counties:
Florida: Baker, Clay, Nassau, and St.
Johns.
The Interest Rates are:
Percent
Homeowners with credit available
elsewhere ....................................
Homeowners without credit available elsewhere ............................
Businesses with credit available
elsewhere ....................................
Businesses & small agricultural cooperatives without credit available elsewhere ............................
Other (including non-profit organizations) with credit available
elsewhere ....................................
Businesses and non-profit organizations without credit available
elsewhere ....................................
5.750
2.875
6.387
4.000
Submit completed loan
applications to:
U.S. Small Business Administration,
Disaster Area Office 3, 14925
Kingsport Road, Fort Worth, TX
76155.
ADDRESSES:
A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, Suite 6050, Washington,
DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
President’s major disaster declaration on
07/06/2005, applications for Private
Non-Profit organizations that provide
essential services of a governmental
nature may file disaster loan
applications at the address listed above
or other locally announced locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties:
Nez Perce and parts of the Nez Perce
Reservation within Nez Perce
County.
The Interest Rates are:
FOR FURTHER INFORMATION CONTACT:
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
4.750
4.000
The number assigned to this disaster
for physical damage is 10139 6 and for
economic injury is 10140 0.
The States which received an EIDL
Declaration Number are Florida.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Dated: July 13, 2005.
Hector V. Barreto,
Administrator.
[FR Doc. 05–14471 Filed 7–21–05; 8:45 am]
BILLING CODE 8025–01–P
Other (including non-profit organizations) with credit available
elsewhere ....................................
Businesses and non-profit organizations without credit available
elsewhere ....................................
[Disaster Declaration No. 10141]
The number assigned to this disaster
for physical damage is 10141.
(Catalog of Federal Domestic Assistance
Number 59008)
Cheri L. Cannon,
Acting Associate Administrator for Disaster
Assistance.
[FR Doc. 05–14469 Filed 7–21–05; 8:45 am]
Mississippi Disaster No. MS–00002
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
19:28 Jul 21, 2005
Jkt 205001
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
SUMMARY: This is a notice of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Idaho (FEMA–1592–DR),
dated 7/06/2005.
Incident: Heavy Rains and Flooding.
Incident Period: 5/06/2005 through
5/20/2005.
DATES: Effective Date: 7/06/2005.
Physical Loan Application Deadline
Date: 9/06/2005.
VerDate jul<14>2003
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration No. 10142]
Idaho Disaster Number ID–00002
SUMMARY: This is a notice of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Mississippi (FEMA–1594–
DR), dated 7/10/2005.
Incident: Hurricane Dennis.
Incident Period: 7/10/2005.
DATES: Effective Date: 7/10/2005.
Physical Loan Application Deadline
Date: 9/08/2005.
PO 00000
Frm 00109
Fmt 4703
Sfmt 4703
Submit completed loan
applications to:
U.S. Small Business Administration,
Disaster Area Office 3, 14925
Kingsport Road, Fort Worth, TX
76155.
A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, Suite 6050, Washington,
DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
President’s major disaster declaration on
7/10/2005, applications for Private NonProfit organizations that provide
essential services of a governmental
nature may file disaster loan
applications at the address listed above
or other locally announced locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties:
Attala, Calhoun, Chickasaw, Choctaw,
Clarke, Clay, Covington, Forrest,
George, Greene, Hancock, Harrison,
Itawamba, Jackson, Jasper, Jefferson
Davis, Jones, Kemper, Lamar,
Percent
Lauderdale, Leake, Lee, Lowndes,
Madison, Monroe, Neshoba,
Newton, Noxubee, Oktibbeha,
Perry, Pontotoc, Rankin, Scott,
4.750
Smith, Stone, Wayne, Webster, and
Winston.
4.000
The Interest Rates are:
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
42407
Percent
Other (including non-profit organizations) with credit available
elsewhere ....................................
Businesses and non-profit organizations without credit available
elsewhere ....................................
4.750
4.000
The number assigned to this disaster
for physical damage is 10142.
(Catalog of Federal Domestic Assistance
Number 59008)
Cheri L. Cannon,
Acting Associate Administrator for Disaster
Assistance.
[FR Doc. 05–14470 Filed 7–21–05; 8:45 am]
BILLING CODE 8025–01–P
DEPARTMENT OF TRANSPORTATION
Federal Highway Administration
Environmental Impact Statement:
South Carolina
Federal Highway
Administration (FHWA), DOT.
ACTION: Notice of Intent (revised).
AGENCY:
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]]>Agencies
[Federal Register Volume 70, Number 140 (Friday, July 22, 2005)]
[Notices]
[Pages 42406-42407]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-14471]
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration No. 10139 and No. 10140]
Florida Disaster Number FL-00004
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster for the State of Florida dated 7/13/2005.
Incident: Severe Storms and Flooding.
Incident Period: 6/25/2005 through 7/07/2005.
Effective Date: 7/13/2005.
Physical Loan Application Deadline Date: 9/12/2005.
EIDL Loan Application Deadline Date: 4/13/2006.
ADDRESSES: Submit completed loan applications to:
U.S. Small Business Administration, Disaster Area Office 3, 14925
Kingsport Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster
Assistance, U.S. Small Business Administration,
[[Page 42407]]
409 3rd Street, Suite 6050, Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of
the Administrator's disaster declaration applications for disaster
loans may be filed at the address listed above or other locally
announced locations.
The following areas have been determined to be adversely affected
by the disaster:
Primary Counties:
Duval.
Contiguous Counties:
Florida: Baker, Clay, Nassau, and St. Johns.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
Homeowners with credit available elsewhere.................... 5.750
Homeowners without credit available elsewhere................. 2.875
Businesses with credit available elsewhere.................... 6.387
Businesses & small agricultural cooperatives without credit 4.000
available elsewhere..........................................
Other (including non-profit organizations) with credit 4.750
available elsewhere..........................................
Businesses and non-profit organizations without credit 4.000
available elsewhere..........................................
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 10139 6
and for economic injury is 10140 0.
The States which received an EIDL Declaration Number are Florida.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
Dated: July 13, 2005.
Hector V. Barreto,
Administrator.
[FR Doc. 05-14471 Filed 7-21-05; 8:45 am]
BILLING CODE 8025-01-P
