Washington Disaster # WA-00007, 76418 [E6-21679]
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76418
Federal Register / Vol. 71, No. 244 / Wednesday, December 20, 2006 / Notices
The primary conforming changes are the
addition of procedures under which the
exercise settlement amount will be
established by an adjustment panel in
the event of the unavailability or
inaccuracy of the spot price and a
modification of normal expiration date
exercise procedures in situations in
which the adjustment panel delays the
fixing of the exercise settlement amount
beyond the last trading day for the
affected series.
The amendment also modified Rule
2302 of OCC’s Rules in connection with
a change in the expiration date exercise
procedures for Cash-Settled FCOs. As
originally filed, the rules for CashSettled FCOs provided for true
automatic exercise without the
opportunity for clearing members to
give non-exercise instructions. Phlx
subsequently informed OCC that CashSettled FCOs should be subject to the
same ‘‘exercise-by-exception’’
procedures that apply to many other
OCC-issued options. Under the
‘‘exercise-by-exception’’ procedures, a
Cash-Settled FCO will be deemed to be
exercised at expiration if the exercise
settlement value is at least $1.00 per
contract unless the clearing member
instructs OCC not to exercise it. OCC is
also adding an interpretation to Rule
2302 to note that the normal expiration
date exercise procedures do not apply in
circumstances in which the fixing of the
exercise settlement amount is delayed
beyond the last trading day before
expiration of cash-settled foreign
currency options.
sroberts on PROD1PC70 with NOTICES
III. Discussion
Section 17A(b)(3)(F) of the Act
requires, among other things, that the
rules of a clearing agency be designed to
promote the prompt and accurate
clearance and settlement of securities
transactions.5 The purpose of the
proposed rule change is to amend OCC’s
By-Laws and Rules so that OCC may
clear and settle the new Cash-Settled
FCO product proposed to be listed and
traded on Phlx. Accordingly, the
proposed rule change should promote
the prompt and accurate clearance and
settlement of securities transactions.
OCC has requested that the
Commission approve the proposed rule
prior to the thirtieth day after
publication of the notice of the amended
filing. The Commission finds good
cause for approving the proposed rule
change prior to the thirtieth day after
the publication of notice because such
approval will allow OCC to give its
members sufficient notice of its
5 15
U.S.C. 78q–1(b)(3)(F).
VerDate Aug<31>2005
20:03 Dec 19, 2006
Jkt 211001
clearance and settlement of Cash-Settled
FCOs before trading begins.
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.6
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act, that the
proposed rule change (File No. SR–
OCC–2006–10) be and hereby is
approved.
For the Commission by the Division of
Market Regulation, pursuant to delegated
authority.7
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E6–21684 Filed 12–19–06; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #10757 and #10758]
Washington Disaster # WA–00007
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
This is a Notice of the
Presidential declaration of a major
disaster for the State of Washington
(FEMA–1671–DR), dated 12/12/2006.
Incident: Severe Storms, Flooding,
Landslides, and Mudslides.
Incident Period: 11/02/2006 through
11/11/2006.
DATES: Effective Date: 12/12/2006.
Physical Loan Application Deadline
Date: 2/12/2007.
Economic Injury (Eidl) Loan
Application Deadline Date: 9/12/2007.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
President’s major disaster declaration on
12/12/2006, applications for disaster
loans may be filed at the address listed
above or other locally announced
locations.
SUMMARY:
6 In
approving the proposed rule change, the
Commission considered the proposal’s impact on
efficiency, competition and capital formation. 15
U.S.C. 78c(f).
7 17 CFR 200.30–3(a)(12).
PO 00000
Frm 00148
Fmt 4703
Sfmt 4703
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties (Physical Damage and
Economic Injury Loans):
Clark, Cowlitz, Grays Harbor, King,
Lewis, Pierce, Skagit, Skamania,
Snohomish, Thurston, and
Wahkiakum.
Contiguous Counties (Economic Injury
Loans Only):
Washington: Chelan, Island, Jefferson,
Kitsap, Kittitas, Klickitat, Mason,
Okanogan, Pacific, Whatcom, and
Yakima.
Oregon: Clatsop, Columbia, Hood
River, and Multnomah.
The Interest Rates are:
Percent
For Physical Damage:
Homeowners With Credit Available Elsewhere ......................
Homeowners Without Credit
Available Elsewhere ..............
Businesses With Credit Available Elsewhere ......................
Other (Including Non-Profit Organizations)
With
Credit
Available Elsewhere ..............
Businesses and Non-Profit Organizations Without Credit
Available Elsewhere ..............
For Economic Injury:
Businesses & Small Agricultural
Cooperatives Without Credit
Available Elsewhere ..............
6.000
3.000
8.000
5.250
4.000
4.000
The number assigned to this disaster
for physical damage is 107576 and for
economic injury is 107580.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Roger B. Garland,
Acting Associate Administrator for Disaster
Assistance.
[FR Doc. E6–21679 Filed 12–19–06; 8:45 am]
BILLING CODE 8025–01–P
DEPARTMENT OF STATE
[Public Notice 5647]
60-Day Notice of Proposed Information
Collection: DS–4048, Projected Sales
of Major Weapons in Support of
Section 25(a)(1) of the Arms Export
Control Act; OMB Control Number
1405–0156
Notice of request for public
comment.
ACTION:
SUMMARY: The Department of State is
seeking Office of Management and
Budget (OMB) approval for information
collection described below. The purpose
of this notice is to allow 60 days for
E:\FR\FM\20DEN1.SGM
20DEN1
]]>Agencies
[Federal Register Volume 71, Number 244 (Wednesday, December 20, 2006)]
[Notices]
[Page 76418]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-21679]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 10757 and 10758]
Washington Disaster WA-00007
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a Notice of the Presidential declaration of a major
disaster for the State of Washington (FEMA-1671-DR), dated 12/12/2006.
Incident: Severe Storms, Flooding, Landslides, and Mudslides.
Incident Period: 11/02/2006 through 11/11/2006.
DATES: Effective Date: 12/12/2006.
Physical Loan Application Deadline Date: 2/12/2007.
Economic Injury (Eidl) Loan Application Deadline Date: 9/12/2007.
ADDRESSES: Submit completed loan applications to: U.S. Small Business
Administration, Processing and Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster
Assistance, U.S. Small Business Administration, 409 3rd Street, SW.,
Suite 6050, Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of
the President's major disaster declaration on 12/12/2006, 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 (Physical Damage and Economic Injury Loans):
Clark, Cowlitz, Grays Harbor, King, Lewis, Pierce, Skagit,
Skamania, Snohomish, Thurston, and Wahkiakum.
Contiguous Counties (Economic Injury Loans Only):
Washington: Chelan, Island, Jefferson, Kitsap, Kittitas, Klickitat,
Mason, Okanogan, Pacific, Whatcom, and Yakima.
Oregon: Clatsop, Columbia, Hood River, and Multnomah.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Homeowners With Credit Available Elsewhere................. 6.000
Homeowners Without Credit Available Elsewhere.............. 3.000
Businesses With Credit Available Elsewhere................. 8.000
Other (Including Non-Profit Organizations) With Credit 5.250
Available Elsewhere.......................................
Businesses and Non-Profit Organizations Without Credit 4.000
Available Elsewhere.......................................
For Economic Injury:
Businesses & Small Agricultural Cooperatives Without Credit 4.000
Available Elsewhere.......................................
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 107576
and for economic injury is 107580.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
Roger B. Garland,
Acting Associate Administrator for Disaster Assistance.
[FR Doc. E6-21679 Filed 12-19-06; 8:45 am]
BILLING CODE 8025-01-P
