South Carolina Disaster #SC-00009, 20761-20762 [E9-10313]
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Federal Register / Vol. 74, No. 85 / Tuesday, May 5, 2009 / Notices
SMALL BUSINESS ADMINISTRATION
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
[Disaster Declaration #11730 and #11731]
James E. Rivera,
Acting Associate Administrator for Disaster
Assistance.
[FR Doc. E9–10310 Filed 5–4–09; 8:45 am]
Alabama Disaster #AL–00021
AGENCY: U.S. Small Business
Administration.
ACTION: Notice.
BILLING CODE 8025–01–P
This is a Notice of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Alabama (FEMA–1835–DR),
dated 04/28/2009.
Incident: Severe Storms, Flooding,
Tornadoes, and Straight-line Winds.
Incident Period: 03/25/2009 through
04/03/2009.
Effective Date: 04/28/2009.
Physical Loan Application Deadline
Date: 06/29/2009.
Economic Injury (EIDL) Loan
Application Deadline Date: 01/28/2010.
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
04/28/2009, Private Non-Profit
organizations that provide essential
services of 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:
Baldwin, Bullock, Butler, Choctaw,
Clarke, Coffee, Covington,
Crenshaw, Dale, Dallas, Elmore,
Geneva, Henry, Houston, Lamar,
Marengo, Perry, Russell,
Washington, Wilcox.
The Interest Rates are:
SUMMARY:
Percent
Other (Including Non-Profit Organizations) With Credit Available
Elsewhere .................................
Businesses and Non-Profit Organizations Without Credit Available Elsewhere .........................
23:12 May 04, 2009
[Disaster Declaration #11705 and #11706]
Minnesota Disaster Number MN–00021
AGENCY: U.S. Small Business
Administration.
ACTION: Amendment 3.
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Minnesota (FEMA–1830–
DR), dated 04/09/2009 .
Incident: Severe Storms and Flooding.
Incident Period: 03/16/2009 and
continuing.
Effective Date: 04/29/2009.
Physical Loan Application Deadline
Date: 06/08/2009.
Economic Injury (EIDL) Loan
Application Deadline Date: 01/09/2010.
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: The notice
of the President’s major disaster
declaration for Private Non-Profit
organizations in the State of Minnesota,
dated 04/09/2009, is hereby amended to
include the following areas as adversely
affected by the disaster.
Primary Counties: Cook.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
James E. Rivera,
Acting Associate Administrator for Disaster
Assistance.
[FR Doc. E9–10314 Filed 5–4–09; 8:45 am]
BILLING CODE 8025–01–P
Jkt 217001
SUMMARY: This is a notice of an
Administrative declaration of a disaster
for the State of South Carolina dated 04/
29/2009.
Incident: Severe storms and
tornadoes.
Incident Period: 04/10/2009 through
04/11/2009.
Effective Date: 04/29/2009.
Physical Loan Application Deadline
Date: 06/29/2009.
Economic Injury (EIDL) Loan
Application Deadline Date: 01/29/2010.
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
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:
Abbeville, Aiken.
Contiguous Counties:
South Carolina: Anderson, Barnwell,
Edgefield, Greenville, Greenwood,
Laurens, Lexington, McCormick,
Orangeburg, Saluda.
Georgia: Burke, Elbert, Richmond.
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: ........................
4.375
2.187
6.000
4.000
4.500
4.000
South Carolina Disaster #SC–00009
AGENCY: U.S. Small Business
Administration.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
SMALL BUSINESS ADMINISTRATION
4.000.
Notice.
The number assigned to this disaster
for physical damage is 11728 C and for
economic injury is 11729 0.
The States which received an EIDL
Declaration # are South Carolina,
Georgia.
4.500.
The number assigned to this disaster
for physical damage is 11730B and for
economic injury is 11731B.
VerDate Nov<24>2008
SMALL BUSINESS ADMINISTRATION
ACTION:
20761
[Disaster Declaration #11728 and #11729]
PO 00000
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05MYN1
20762
Federal Register / Vol. 74, No. 85 / Tuesday, May 5, 2009 / Notices
Dated: April 29, 2009.
Karen G. Mills,
Administrator.
[FR Doc. E9–10313 Filed 5–4–09; 8:45 am]
BILLING CODE 8025–01–P
SECURITIES AND EXCHANGE
COMMISSION
The
following is a summary of the
application. The complete application
may be obtained via the Commission’s
Web site by searching for the file
number, or an applicant using the
Company name box, at https://
www.sec.gov/search/search.htm or by
calling (202) 551–8090.
SUPPLEMENTARY INFORMATION:
Applicant’s Representations
1. The applicant is a subsidiary of
Citigroup, Inc.1 Citigroup Inc. is a global
Citibank, N.A.; Notice of Application
financial services organization whose
lines of business include global cards,
April 29, 2009.
consumer banking, an institutional
AGENCY: Securities and Exchange
clients group (including transaction
Commission (‘‘Commission’’).
services such as agency/trust), global
ACTION: Notice of an application under
wealth management and corporate
section 6(c) of the Investment Company services. The applicant is frequently
Act of 1940 (‘‘Act’’) for an exemption
selected to act as trustee in connection
from certain requirements of rule 3a–
with asset-backed securities issued by
7(a)(4)(i) under the Act.
Issuers.
2. An asset-backed securities
SUMMARY: Summary of Application:
transaction typically involves the
Applicant requests an order that would
transfer of assets by a seller, usually by
permit an issuer of asset-backed
a ‘‘sponsor,’’ to a special purpose
securities that is not registered as an
corporate or trust entity that is
investment company under the Act in
established for the sole purpose of
reliance on rule 3a-7 under the Act (an
acting as the Issuer and is structured to
‘‘Issuer’’) to appoint the applicant as a
be bankruptcy remote and the
trustee to the Issuer when the applicant
subsequent issuance of asset-backed
is affiliated with an underwriter for the
securities (‘‘ABS’’) to investors by the
Issuer’s securities.
Issuer (an ‘‘ABS Transaction’’). The
Applicant: Citibank, N.A.
parties to an ABS Transaction enter into
DATES: Filing Dates: The application was
several transaction agreements that
filed on December 30, 2008 and
provide for the holding of the assets by
amended on April 23, 2009.
the Issuer and define the rights and
Hearing or Notification of Hearing: An
responsibilities of the parties to the
order granting the application will be
transaction (‘‘Transaction Documents’’).
issued unless the Commission orders a
The operative Transaction Document
hearing. Interested persons may request
governing the trustee is referred to
a hearing by writing to the
herein as the ‘‘Agreement.’’
Commission’s Secretary and serving
3. The sponsor of an ABS Transaction
applicant with a copy of the request,
assembles the pool of assets by
personally or by mail. Hearing requests
purchasing or funding them, describes
should be received by the Commission
them in the offering materials, and
by 5:30 p.m. on May 22, 2009, and
retains the underwriter to sell interests
should be accompanied by proof of
in the assets to investors. The sponsor
service on the applicant, in the form of
determines the structure, drafts the
an affidavit or, for lawyers, a certificate
documents, and prices the ABS
of service. Hearing requests should state Transactions. The sponsor selects the
the nature of the writer’s interest, the
other parties to the ABS Transaction,
reason for the request, and the issues
including the underwriter, the servicer,
contested. Persons who wish to be
and the trustee.
notified of a hearing may request
4. The servicer, either directly or
notification by writing to the
through subservicers, manages the
Commission’s Secretary.
assets held by the Issuer. The servicer
ADDRESSES: Secretary, U.S. Securities
pays the income from the assets held by
and Exchange Commission, 100 F
1 The applicant also requests that the order apply
Street, NE., Washington, DC 20549–
to an Issuer’s appointment, now or in the future, of
1090. Applicant, 388 Greenwich Street,
any other entity controlling, controlled by, or under
14th Floor, New York, NY 10013.
common control (as defined in section 2(a)(9) of the
FOR FURTHER INFORMATION CONTACT: Jean Act) with the applicant as a trustee for an Issuer.
The applicant represents that any other entity
E. Minarick, Senior Counsel, at (202)
relying on this relief now or in the future will
551–6811, or Julia Kim Gilmer, Branch
comply with the terms and conditions of the
Chief, at (202) 551–6821 (Division of
application. Any existing entity currently intending
Investment Management, Office of
to rely on the requested order has been named as
an applicant.
Investment Company Regulation).
[Investment Company Act Release No.
28717; File No. 812–13618]
VerDate Nov<24>2008
23:12 May 04, 2009
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the Issuer over to the trustee, and the
trustee uses the income, as instructed by
the servicer and provided by the
Agreement, to pay interest and principal
on the ABS, to fund reserve accounts
and purchases of additional assets, and
to make other payments including fees
owed to the trustee and other parties to
the ABS Transaction.
5. The sponsor of an ABS Transaction
selects the trustee. In selecting a trustee,
the sponsor generally seeks to obtain
customary trust administrative and
related services for the Issuer at minimal
cost. In some instances, other parties to
an ABS Transaction may provide
recommendations to a sponsor about
potential trustees. An underwriter for an
ABS Transaction also may provide
advice to the sponsor about trustee
selection based on the underwriter’s
knowledge of the pricing and expertise
offered by a particular trustee in light of
the contemplated transaction.
6. If an underwriter affiliated with the
applicant recommends a trustee to a
sponsor, both the underwriter’s
recommendation and any selection of
the applicant by the sponsor will be
based upon customary market
considerations of pricing and expertise,
among other things, and the selection
will result from an arms-length
negotiation between the sponsor and the
applicant. Applicant will not price its
services as trustee in a manner designed
to facilitate its affiliate being named
underwriter.
7. The trustee’s role in an ABS
Transaction is specifically defined by
the Agreement, and under the
Agreement the trustee is not expected or
required to perform discretionary
functions. The responsibilities of the
trustee as set forth in the Agreement are
narrowly circumscribed and limited to
those expressly accepted by the trustee.
The trustee negotiates the provisions
applicable to it directly with the
sponsor and is then appointed by and
enters into the Agreement with the
Issuer.
8. The trustee usually becomes
involved in an ABS Transaction after
the substantive economic terms have
been negotiated between the sponsor
and the underwriters. The trustee does
not monitor any service performed by,
or obligation of, an underwriter,
whether or not the underwriter is
affiliated with the trustee. In the
unlikely event that the applicant, in
acting as trustee to an Issuer for which
an affiliate acts as underwriter, becomes
obligated to enforce any of the affiliated
underwriter’s obligations to the Issuer,
the applicant will resign as trustee for
the Issuer consistent with the
requirements of rule 3a–7(a)(4)(i). In
E:\FR\FM\05MYN1.SGM
05MYN1
Agencies
[Federal Register Volume 74, Number 85 (Tuesday, May 5, 2009)]
[Notices]
[Pages 20761-20762]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-10313]
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 11728 and 11729]
South Carolina Disaster SC-00009
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster for the State of South Carolina dated 04/29/2009.
Incident: Severe storms and tornadoes.
Incident Period: 04/10/2009 through 04/11/2009.
Effective Date: 04/29/2009.
Physical Loan Application Deadline Date: 06/29/2009.
Economic Injury (EIDL) Loan Application Deadline Date: 01/29/2010.
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 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:
Abbeville, Aiken.
Contiguous Counties:
South Carolina: Anderson, Barnwell, Edgefield, Greenville,
Greenwood, Laurens, Lexington, McCormick, Orangeburg, Saluda.
Georgia: Burke, Elbert, Richmond.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
Homeowners with Credit Available Elsewhere:.................. 4.375
Homeowners without Credit Available Elsewhere:............... 2.187
Businesses with Credit Available Elsewhere:.................. 6.000
Businesses & Small Agricultural Cooperatives without Credit 4.000
Available Elsewhere:........................................
Other (Including Non-Profit Organizations) with Credit 4.500
Available Elsewhere:........................................
Businesses and Non-Profit Organizations without Credit 4.000
Available Elsewhere:........................................
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 11728 C
and for economic injury is 11729 0.
The States which received an EIDL Declaration are South
Carolina, Georgia.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
[[Page 20762]]
Dated: April 29, 2009.
Karen G. Mills,
Administrator.
[FR Doc. E9-10313 Filed 5-4-09; 8:45 am]
BILLING CODE 8025-01-P