Amendment to Restricted Areas R-5103A, R-5103B, and R-5103C; McGregor, NM, 47718-47719 [E9-21263]
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Federal Register / Vol. 74, No. 179 / Thursday, September 17, 2009 / Rules and Regulations
times the SMDIA) and there are more
than five different beneficiaries named
in the trust, the maximum coverage
available to A would be the greater of:
$1,250,000 or the aggregate of each
different beneficiary’s interest to a limit
of $250,000 per beneficiary. The
beneficial interests in the trust
considered for purposes of determining
coverage are: $250,000 for the spouse’s
life estate, $750,000 for the children
(because each child’s $275,000 is
subject to the $250,000 per-beneficiary
limitation), $15,000 for the friend,
$175,000 for the charity, and $250,000
for the granddaughter (because the
granddaughter’s $310,000 remainder is
limited by the $250,000 per-beneficiary
limitation). The aggregate beneficial
interests total $1,440,000. Thus, the
maximum coverage afforded to the
account owner would be $1,440,000, the
greater of $1,250,000 or $1,440,000.)
(h) Revocable trusts that become
irrevocable trusts. Notwithstanding the
provisions in section 330.13 on the
insurance coverage of irrevocable trust
accounts, if a revocable trust account
converts in part or entirely to an
irrevocable trust upon the death of one
or more of the trust’s owners, the trust
account shall continue to be insured
under the provisions of this section.
(Example: Assume A and B have a trust
account in connection with a living
trust, of which they are joint grantors. If
upon the death of either A or B the trust
transforms into an irrevocable trust as to
the deceased grantor’s ownership in the
trust, the account will continue to be
insured under the provisions of this
section.)
(i) This section shall apply to all
existing and future revocable trust
accounts and all existing and future
irrevocable trust accounts resulting from
formal revocable trust accounts.
State branch of any initial deposit of
less than an amount equal to the
standard maximum deposit insurance
amount (‘‘SMDIA’’).
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(v) Standard maximum deposit
insurance amount, referred to as the
‘‘SMDIA’’ hereafter, means $250,000
from October 3, 2008, until
December 31, 2013. Effective January 1,
2014, the SMDIA means $100,000
adjusted pursuant to subparagraph (F) of
section 11(a)(1) of the FDI Act (12 U.S.C.
1821(a)(1)(F)).
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■ 8. In § 347.206, paragraph (c) is
revised to read as follows:
PART 347—INTERNATIONAL
BANKING
§ 347.215 Exemptions from deposit
insurance requirement.
6. The authority citation for part 347
continues to read as follows:
■
Authority: 12 U.S.C. 1813, 1815, 1817,
1819, 1820, 1828, 3103, 3104, 3105, 3108,
3109; Title IX, Pub. L. 98–181, 97 Stat. 1153.
7. In § 347.202:
A. Paragraph (e) is revised.
B. Paragraphs (v), (w) and (x) are
redesignated as (w), (x) and (y),
respectively, and a new paragraph (v) is
added.
The revision and addition read as
follows:
cprice-sewell on DSK2BSOYB1PROD with RULES
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§ 347.202
Definitions.
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(e) Domestic retail deposit activity
means the acceptance by a Federal or
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13:59 Sep 16, 2009
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§ 347.206 Domestic retail deposit activity
requiring deposit insurance by U.S. branch
of a foreign bank.
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(c) Grandfathered insured branches.
Domestic retail accounts with balances
of less than an amount equal to the
SMDIA that require deposit insurance
protection may be accepted or
maintained in an insured branch of a
foreign bank only if such branch was an
insured branch on December 19, 1991.
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■ 9. In § 347.213, paragraph (a)(1) is
revised to read as follows:
§ 347.213 Establishment or operation of
noninsured foreign branch.
(a) * * *
(1) The branch only accepts initial
deposits in an amount equal to the
SMDIA or greater; or
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■ 10. In § 347.215:
■ A. Paragraph (a) introductory text is
revised.
■ B. Paragraph (b)(1) is revised.
The revisions read as follows:
(a) Deposit activities not requiring
insurance. A State branch will not be
considered to be engaged in domestic
retail deposit activity that requires the
foreign bank parent to establish an
insured U.S. bank subsidiary if the State
branch accepts initial deposits only in
an amount of less than an amount equal
to the SMDIA that are derived solely
from the following:
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(b) Application for an exemption. (1)
Whenever a foreign bank proposes to
accept at a State branch initial deposits
of less than an amount equal to the
SMDIA and such deposits are not
otherwise exempted under paragraph (a)
of this section, the foreign bank may
apply to the FDIC for consent to operate
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the branch as a noninsured branch. The
Board of Directors may exempt the
branch from the insurance requirement
if the branch is not engaged in domestic
retail deposit activities requiring
insurance protection. The Board of
Directors will consider the size and
nature of depositors and deposit
accounts, the importance of maintaining
and improving the availability of credit
to all sectors of the United States
economy, including the international
trade finance sector of the United States
economy, whether the exemption would
give the foreign bank an unfair
competitive advantage over United
States banking organizations, and any
other relevant factors in making this
determination.
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Dated at Washington, DC, this 9th day of
September 2009.
By order of the Board of Directors.
Robert E. Feldman,
Executive Secretary, Federal Deposit
Insurance Corporation.
[FR Doc. E9–22406 Filed 9–16–09; 8:45 am]
BILLING CODE 6714–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 73
[Docket No. FAA–2009–0770; Airspace
Docket No. 09–ASW–20]
RIN 2120–AA66
Amendment to Restricted Areas R–
5103A, R–5103B, and R–5103C;
McGregor, NM
AGENCY: Federal Aviation
Administration (FAA), DOT.
ACTION: Final rule; technical
amendment.
SUMMARY: This action amends the
airspace description of Restricted Areas
R–5103A, R–5103B, and R–5103C;
McGregor, NM. In a final rule published
in the Federal Register on November 3,
1994, (59 FR 55030), an error was made
in the airspace description to the time
of designation for Restricted Areas R–
5103A, R–5103B, R–5103C and R–
5103D (R–5130D was subsequently
revoked on January 20, 2005 (69 FR
72113)). Specifically, the time of
designation stated ‘‘0700–2000 local
time, Monday–Friday, other times by
NOTAM’’ instead of ‘‘0700–2000 local
time Monday–Friday; other times by
NOTAM’’. This action corrects that
error.
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Federal Register / Vol. 74, No. 179 / Thursday, September 17, 2009 / Rules and Regulations
FOR FURTHER INFORMATION CONTACT:
Colby Abbott, Airspace and Rules
Group, Office of System Operations
Airspace and AIM, Federal Aviation
Administration, 800 Independence
Avenue, SW., Washington, DC 20591;
telephone: (202) 267–8783.
SUPPLEMENTARY INFORMATION:
the NOTAM provisions for R–5103A, R–
5103B, and R–5103C should be
applicable daily, outside the 0700–2000
local time, Monday through Friday,
published hours currently listed in that
final rule. This action corrects that error
by amending the time of designation for
R–5103A, R–5103B, and R–5103C to
read, ‘‘0700–2000 local time, Monday–
Friday; other times by NOTAM’’.
History
List of Subjects in 14 CFR Part 73
On November 3, 1994, a final rule for
Airspace Docket No. 94–ASW–12, was
published in the Federal Register (59
FR 55030), changing the time of
designation for Restricted Areas R–
5103A, R–5103B, R–5103C, and R–
5103D at McGregor, NM. In that rule,
the preamble discussion stated the time
of designation was being changed from
the existing time of designation, ‘‘0700–
2000 local time; other times by
NOTAM’’ to ‘‘0700–2000 local time,
Monday–Friday; other times by
NOTAM’’ to lessen the burden on the
public and accurately reflect their actual
time of use. However, in the regulatory
language, the time of designation was
published as ‘‘0700–2000 local time,
Monday–Friday, other times by
NOTAM’’. Having changed the semicolon between the days of the week and
NOTAM provision to a comma
unintentionally linked the NOTAM
provision to the days of the week listed
in the legal description only. The
unintended consequence of this error is
that the NOTAM provision does not
apply to Saturdays or Sundays, as it did
previous to that final rule. Had a semicolon been published in the regulatory
text between the days of the week and
the NOTAM provision, the ‘‘other times
by NOTAM’’ provision would apply
daily.
Subsequent to the rule published
November 3, 1994, (59 FR 55030), a
second rule affecting R–5103A, R–
5103B, R–5103C, and R–5103D was
published December 13, 2004, (69 FR
72113), Airspace Docket No. 04–ASW–
11, FAA Docket No. FAA–2004–17773.
This second rule modified the
boundaries and designated altitudes for
Restricted Areas R–5103A, R–5103B,
and R–5103C, and revoked R–5103D to
allow the U.S. Army to activate the
restricted areas in a manner that was
more consistent with the actual
utilization of the airspace. As a result of
this action, the correction to Restricted
Area R–5103D is not necessary as it no
longer exists.
Based on the original intent of the
final rule published November 3, 1994,
and subsequently modified by a second
final rule published December 13, 2004,
Airspace, Prohibited areas, Restricted
areas.
cprice-sewell on DSK2BSOYB1PROD with RULES
DATES: Effective Dates: 0901 UTC,
October 22, 2009.
VerDate Nov<24>2008
13:59 Sep 16, 2009
Jkt 217001
Correction to Final Rule
Accordingly, pursuant to the authority
delegated to me, the legal description as
published in the Federal Register on
November 3, 1994 (59 FR 55030),
Airspace Docket 94–ASW–12, and
incorporated by reference in 14 CFR 73,
is corrected as follows:
■
§ 73.51
[Amended]
On page 55031, correct the airspace
description for the time of designation
for Restricted Areas R–5103A, R–5103B,
and R–5103C, to read as follows:
■
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R–5103A
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McGregor, NM [Amended]
By removing the current ‘‘Time of
designation. 0700–2000 local time, MondayFriday, other times by NOTAM.’’ and
substituting the following: ‘‘Time of
designation. 0700–2000 local time MondayFriday; other times by NOTAM.’’
R–5103B
McGregor, NM [Amended]
By removing the current ‘‘Time of
designation. 0700–2000 local time, MondayFriday, other times by NOTAM.’’ and
substituting the following: ‘‘Time of
designation. 0700–2000 local time MondayFriday; other times by NOTAM.’’
R–5103C
McGregor, NM [Amended]
By removing the current ‘‘Time of
designation. 0700–2000 local time, MondayFriday, other times by NOTAM.’’ and
substituting the following: ‘‘Time of
designation. 0700–2000 local time MondayFriday; other times by NOTAM.’’
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Issued in Washington, DC, on August 27,
2009.
Ellen Crum,
Acting Manager, Airspace and Rules Group.
[FR Doc. E9–21263 Filed 9–16–09; 8:45 am]
BILLING CODE 4910–13–P
PO 00000
SECURITIES AND EXCHANGE
COMMISSION
17 CFR parts 230, 240 and 260
[Release Nos. 33–9063; 34–60663; 39–2467;
File No. S7–02–09]
RIN 3235–AK26
Extension of Temporary Exemptions
for Eligible Credit Default Swaps To
Facilitate Operation of Central
Counterparties To Clear and Settle
Credit Default Swaps
AGENCY: Securities and Exchange
Commission.
ACTION: Interim final temporary rules;
extension.
SUMMARY: We are adopting amendments
to the expiration dates in our interim
final temporary rules that provide
exemptions under the Securities Act of
1933, the Securities Exchange Act of
1934, and the Trust Indenture Act of
1939 for certain credit default swaps in
order to facilitate the operation of one
or more central counterparties for those
credit default swaps. Under the
amendments, the expiration dates of the
interim final temporary rules will be
extended to November 30, 2010.
DATES: Effective Date: This rule is
effective September 17, 2009, and the
expiration dates for the interim final
temporary rules and amendments
published January 22, 2009 (74 FR 3967)
is extended from September 25, 2009 to
November 30, 2010.
FOR FURTHER INFORMATION CONTACT:
Amy M. Starr, Senior Special Counsel,
or Sebastian Gomez Abero, Attorney,
Office of Chief Counsel, Division of
Corporation Finance, at (202) 551–3500,
U.S. Securities and Exchange
Commission, 100 F Street, NE.,
Washington, DC 20549–3628.
SUPPLEMENTARY INFORMATION: We are
adopting amendments to the following
rules: interim final temporary Rule 239T
and Rule 146 under the Securities Act
of 1933 (‘‘Securities Act’’),1 interim final
temporary Rule 12a–0T and Rule 12h–
1(h)T under the Securities Exchange Act
of 1934 (‘‘Exchange Act’’),2 and interim
final temporary Rule 4d–11T under the
Trust Indenture Act of 1939 (‘‘Trust
Indenture Act’’).3
I. Background
In January 2009, we adopted interim
final temporary Rule 239T and a
temporary amendment to Rule 146
under the Securities Act, interim final
1 15
U.S.C. 77a et seq.
U.S.C. 78a et seq.
3 15 U.S.C. 77aaa et seq.
2 15
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47719
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17SER1
]]>Agencies
[Federal Register Volume 74, Number 179 (Thursday, September 17, 2009)]
[Rules and Regulations]
[Pages 47718-47719]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-21263]
=======================================================================
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DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 73
[Docket No. FAA-2009-0770; Airspace Docket No. 09-ASW-20]
RIN 2120-AA66
Amendment to Restricted Areas R-5103A, R-5103B, and R-5103C;
McGregor, NM
AGENCY: Federal Aviation Administration (FAA), DOT.
ACTION: Final rule; technical amendment.
-----------------------------------------------------------------------
SUMMARY: This action amends the airspace description of Restricted
Areas R-5103A, R-5103B, and R-5103C; McGregor, NM. In a final rule
published in the Federal Register on November 3, 1994, (59 FR 55030),
an error was made in the airspace description to the time of
designation for Restricted Areas R-5103A, R-5103B, R-5103C and R-5103D
(R-5130D was subsequently revoked on January 20, 2005 (69 FR 72113)).
Specifically, the time of designation stated ``0700-2000 local time,
Monday-Friday, other times by NOTAM'' instead of ``0700-2000 local time
Monday-Friday; other times by NOTAM''. This action corrects that error.
[[Page 47719]]
DATES: Effective Dates: 0901 UTC, October 22, 2009.
FOR FURTHER INFORMATION CONTACT: Colby Abbott, Airspace and Rules
Group, Office of System Operations Airspace and AIM, Federal Aviation
Administration, 800 Independence Avenue, SW., Washington, DC 20591;
telephone: (202) 267-8783.
SUPPLEMENTARY INFORMATION:
History
On November 3, 1994, a final rule for Airspace Docket No. 94-ASW-
12, was published in the Federal Register (59 FR 55030), changing the
time of designation for Restricted Areas R-5103A, R-5103B, R-5103C, and
R-5103D at McGregor, NM. In that rule, the preamble discussion stated
the time of designation was being changed from the existing time of
designation, ``0700-2000 local time; other times by NOTAM'' to ``0700-
2000 local time, Monday-Friday; other times by NOTAM'' to lessen the
burden on the public and accurately reflect their actual time of use.
However, in the regulatory language, the time of designation was
published as ``0700-2000 local time, Monday-Friday, other times by
NOTAM''. Having changed the semi-colon between the days of the week and
NOTAM provision to a comma unintentionally linked the NOTAM provision
to the days of the week listed in the legal description only. The
unintended consequence of this error is that the NOTAM provision does
not apply to Saturdays or Sundays, as it did previous to that final
rule. Had a semi-colon been published in the regulatory text between
the days of the week and the NOTAM provision, the ``other times by
NOTAM'' provision would apply daily.
Subsequent to the rule published November 3, 1994, (59 FR 55030), a
second rule affecting R-5103A, R-5103B, R-5103C, and R-5103D was
published December 13, 2004, (69 FR 72113), Airspace Docket No. 04-ASW-
11, FAA Docket No. FAA-2004-17773. This second rule modified the
boundaries and designated altitudes for Restricted Areas R-5103A, R-
5103B, and R-5103C, and revoked R-5103D to allow the U.S. Army to
activate the restricted areas in a manner that was more consistent with
the actual utilization of the airspace. As a result of this action, the
correction to Restricted Area R-5103D is not necessary as it no longer
exists.
Based on the original intent of the final rule published November
3, 1994, and subsequently modified by a second final rule published
December 13, 2004, the NOTAM provisions for R-5103A, R-5103B, and R-
5103C should be applicable daily, outside the 0700-2000 local time,
Monday through Friday, published hours currently listed in that final
rule. This action corrects that error by amending the time of
designation for R-5103A, R-5103B, and R-5103C to read, ``0700-2000
local time, Monday-Friday; other times by NOTAM''.
List of Subjects in 14 CFR Part 73
Airspace, Prohibited areas, Restricted areas.
Correction to Final Rule
0
Accordingly, pursuant to the authority delegated to me, the legal
description as published in the Federal Register on November 3, 1994
(59 FR 55030), Airspace Docket 94-ASW-12, and incorporated by reference
in 14 CFR 73, is corrected as follows:
Sec. 73.51 [Amended]
0
On page 55031, correct the airspace description for the time of
designation for Restricted Areas R-5103A, R-5103B, and R-5103C, to read
as follows:
* * * * *
R-5103A McGregor, NM [Amended]
By removing the current ``Time of designation. 0700-2000 local
time, Monday-Friday, other times by NOTAM.'' and substituting the
following: ``Time of designation. 0700-2000 local time Monday-
Friday; other times by NOTAM.''
R-5103B McGregor, NM [Amended]
By removing the current ``Time of designation. 0700-2000 local
time, Monday-Friday, other times by NOTAM.'' and substituting the
following: ``Time of designation. 0700-2000 local time Monday-
Friday; other times by NOTAM.''
R-5103C McGregor, NM [Amended]
By removing the current ``Time of designation. 0700-2000 local
time, Monday-Friday, other times by NOTAM.'' and substituting the
following: ``Time of designation. 0700-2000 local time Monday-
Friday; other times by NOTAM.''
* * * * *
Issued in Washington, DC, on August 27, 2009.
Ellen Crum,
Acting Manager, Airspace and Rules Group.
[FR Doc. E9-21263 Filed 9-16-09; 8:45 am]
BILLING CODE 4910-13-P
