Puerto Rico Disaster # PR-00011, 68393-68394 [2010-27973]
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Federal Register / Vol. 75, No. 214 / Friday, November 5, 2010 / Notices
and is determined by approximating the
change in margin requirement caused by
depositing or withdrawing a particular
security from the Clearing Member’s
account based on the risk characteristics
of that security and its consequent
assessed value. OCC believes this
process will provide a more accurate
projection of the margin impact of
collateral withdrawals and substitutions
on a Clearing Member’s account. This
process is already used to analyze the
impact of substitutions and withdrawals
of equity collateral within the STANS
Monte Carlo simulations.7
OCC’s Rule 601, ‘‘Margin
Requirements,’’ already provides that
margin assets in the form of securities
may be incorporated into the Monte
Carlo calculations as an alternative to
valuing such assets under Rule 604,
‘‘Form of Margin Assets.’’ In connection
with incorporating common stocks and
ETFs into the STANS calculation, OCC
adopted Interpretation and Policy .06
under Rule 601 to clarify that margin
assets in the form of common stocks and
ETFs would be included in the Monte
Carlo simulations described in Rule 601
for purposes of determining the
minimum expected liquidating value of
an account with other margin assets
being valued as provided for under Rule
604.8 OCC is now broadening the
interpretation to provide that OCC may
designate those margin assets which if
deposited into a Clearing Member’s
account will be valued as provided in
Rule 601 rather than Rule 604. This
change is intended to facilitate OCC’s
adoption of certain government
securities into the STANS margin
calculation process.
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III. Discussion
Section 17A(b)(3)(F) 9 requires, among
other things, that the rules of a clearing
agency are designed to safeguard
securities and funds in the clearing
agency’s possession or control or for
which it is responsible. This requires
OCC to have the ability to meet its
settlement obligations following a
member’s default. It is therefore
necessary that OCC have an effective
methodology for calculating margin
requirements that are sufficient to
7 OCC believes the approach currently used to
assess the impact of collateral substitutions and
withdrawals represents an improvement over that
outlined in File No. SR–OCC–2007–20.
Interpretation and Policy .01 under Rule 608
generally provides that OCC may specify
procedures from time-to-time to assess the impact
of collateral withdrawals and substitutions.
8 Rule 604(f) provides that, in lieu of the
valuations provided for in Rule 604, OCC may elect
to value any or all margin assets in the form of
securities pursuant to Rule 601.
9 15 U.S.C. 78q–1(b)(3)(F).
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17:16 Nov 04, 2010
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enable OCC to complete settlement in
the event a member becomes insolvent
or otherwise fails to meet its obligations
to OCC. The Commission believes that
the changes OCC is making to include
government securities within the
STANS risk management methodology
should better enable OCC to fulfill its
safeguarding obligations under the Act
and therefore is consistent with the Act.
IV. Conclusion
On the basis of the foregoing, the
Commission finds that the proposal is
consistent with the requirements of the
Act and in particular with the
requirements of Section 17A of the
Act 10 and the rules and regulations
thereunder.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,11 that the
proposed rule change (File No. SR–
OCC–2010–14) be, and hereby is,
approved.12
For the Commission by the Division of
Trading and Markets, pursuant to delegated
authority.13
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–28057 Filed 11–4–10; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
Data Collection Available for Public
Comments and Recommendations
Notice and request for
comments.
ACTION:
In accordance with the
Paperwork Reduction Act of 1995, this
notice announces the Small Business
Administration’s intentions to request
approval on a new and/or currently
approved information collection.
DATES: Submit comments on or before
January 4, 2011.
ADDRESSES: Send all comments
regarding whether these information
collections are necessary for the proper
performance of the function of the
agency, whether the burden estimates
are accurate, and if there are ways to
minimize the estimated burden and
enhance the quality of the collections, to
A. B. McConnell, Jr., Chief 504 Program
Branch, Office of Financial Assistance,
Small Business Administration, 409 3rd
Street, 8th Floor, Washington, DC
20416.
SUMMARY:
10 15
U.S.C. 78q–1.
11 15 U.S.C. 78s(b)(2).
12 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).
13 17 CFR 200.30–3(a)(12).
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68393
A.
B. McConnell, Jr., Chief of 504 Branch,
Office of Financial Assistance, 202–
205–7238, Andrew.mcconnell@sba.gov;
Curtis Rich, Management Analyst, 202–
205–7030 curtis.rich@sba.gov.
SUPPLEMENTARY INFORMATION: The
information collected through these
forms from the small business
applicants and participating lenders
will be used to determine eligibility and
to properly evaluate the merits of each
loan request based on reasonable and
customary underwriting criteria such as
character, capacity, credit collateral, etc.
This information is collected for the
purpose of extending credit under the
504 loan program.
Title: U.S. Small Business
Administration Application for Section
504 Loan.
Description of Respondents: 504
Lenders.
Form Number: SBA Form 1244.
Annual Responses: 6,800.
Annual Burden: 15,735.
Title: Eligibility Information Required
for 504 Submission (non PCLP).
Description of Respondents: 504
Lenders.
Form Number: SBA Form 2415.
Annual Responses: 5,100.
Annual Burden: 4,675.
Title: PCLP Quarterly Loan Loss
Reserve Report and PCLP Guarantee
Request.
Description of Respondents: 504
Lenders.
Form Number: SBA Forms 2233, 2234
(Part A), 2234 (Part B), 2234 (Part C)
(Note: SBA Form 2234 (Part C) is the
only form being revised).
Annual Responses: 1,700.
Annual Burden: 1,558.
Title: Servicing Agent Agreement.
Description of Respondents: 504
Lenders.
Form Number: SBA Form 1506.
Annual Reponses: 7,830.
Annual Burden: 7, 830.
FOR FURTHER INFORMATION CONTACT:
Curtis B. Rich,
Acting Chief, Administrative Information
Branch.
[FR Doc. 2010–27925 Filed 11–4–10; 8:45 am]
BILLING CODE P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration # 12366 and # 12367]
Puerto Rico Disaster # PR–00011
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
This is a notice of an
Administrative declaration of a disaster
SUMMARY:
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68394
Federal Register / Vol. 75, No. 214 / Friday, November 5, 2010 / Notices
for the Commonwealth of Puerto Rico
dated 10/28/2010.
Incident: Severe Storms, Flooding and
Mudslides.
Incident Period: 10/04/2010 through
10/08/2010.
Effective Date: 10/28/2010.
Physical Loan Application Deadline
Date: 12/27/2010.
Economic Injury (EIDL) Loan
Application Deadline Date: 07/28/2011.
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:
Patillas, Ponce, Salinas, Utuado,
Yauco.
Contiguous Counties:
Puerto Rico: Adjuntas, Aibonito,
Arecibo, Arroyo, Cayey, Ciales,
Coamo, Guanica, Guayama,
Guayanilla, Hatillo, Jayuya, Juana
Diaz, Lares, Maricao, Maunabo,
Penuelas, Sabana Grande, San
Lorenzo, Santa Isabel, Yabucoa.
The Interest Rates are:
mstockstill on DSKH9S0YB1PROD with NOTICES
Percent
For Physical Damage:
Homeowners With Credit
Available Elsewhere ..........
Homeowners Without Credit
Available Elsewhere ..........
Businesses With Credit Available Elsewhere ..................
Businesses Without Credit
Available Elsewhere ..........
Non-Profit Organizations With
Credit Available Elsewhere
Non-Profit
Organizations
Without Credit Available
Elsewhere ..........................
For Economic Injury:
Businesses & Small Agricultural Cooperatives Without
Credit Available Elsewhere
Non-Profit
Organizations
Without Credit Available
Elsewhere ..........................
5.000
2.500
6.000
4.000
3.625
3.000
4.000
3.000
The number assigned to this disaster
for physical damage is 12366 6 and for
economic injury is 12367 0.
The Commonwealth which received
an EIDL Declaration # is lll Puerto
Rico.
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Jkt 223001
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Percent
Non-Profit
Organizations
Without Credit Available
Elsewhere ..........................
For Economic Injury:
Non-Profit
Organizations
Without Credit Available
Elsewhere ..........................
Dated: October 28, 2010.
Karen G. Mills,
Administrator.
[FR Doc. 2010–27973 Filed 11–4–10; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
Disaster Declaration # 12368 and # 12369
Puerto Rico Disaster # PR–00012
This is a Notice of the
Presidential declaration of a major
disaster for Public Assistance Only for
the Commonwealth of Puerto Rico
(FEMA—1946—DR), dated 10/26/2010.
Incident: Severe Storms, Flooding,
Mudslides, and Landslides associated
with Tropical Storm Otto
Incident Period: 10/04/2010 through
10/08/2010.
Effective Date: 10/26/2010.
Physical Loan Application Deadline
Date: 12/27/2010.
Economic Injury (EIDL) Loan
Application Deadline Date: 07/26/2011.
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
10/26/2010, 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 Municipalities:
Aibonito, Anasco, Guanica, Guayama,
Jayuya, Lares, Las Marias, Maricao,
Mayaguez, Patillas, Ponce, Sabana
Grande, Salinas, San German,
Utuado, Yabucoa, Yauco.
The Interest Rates are:
SUMMARY:
Percent
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3.000
The number assigned to this disaster
for physical damage is 123686 and for
economic injury is 123696.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
For Physical Damage:
Non-Profit Organizations With
Credit Available Elsewhere
3.000
3.625
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2010–27977 Filed 11–4–10; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
Small Business Size Standards:
Waiver of the Nonmanufacturer Rule
U.S. Small Business
Administration.
AGENCY:
Notice of Waiver to the
Nonmanufacturer Rule for Woven and
Knit impregnated with Flat Dipped
Rubber/Plastic Gloves.
ACTION:
The U. S. Small Business
Administration (SBA) is granting a class
waiver of the Nonmanufacturer Rule for
Woven and Knit impregnated with Flat
Dipped Rubber/Plastic Gloves, under
North American Industry Classification
System (NAICS) code 315992 (Glove
and Mitten Manufacturing). The basis
for the waiver is that no small business
manufacturers are supplying this class
of products to the Federal government.
The effect of this waiver will be to allow
otherwise qualified small businesses to
supply the products of any
manufacturer on a Federal contract set
aside for small businesses, ServiceDisabled Veteran-Owned (SDVO) small
businesses, Participants in SBA’s 8(a)
Business Development (BD) Program, or
Women-Owned Small Business (WOSB)
concerns.
SUMMARY:
This waiver is effective
November 22, 2010.
DATES:
Ms.
Amy Garcia, Procurement Analyst, by
telephone at (202) 205–6842; by FAX at
(202) 481–1630; or by e-mail at
amy.garcia@sba.gov.
FOR FURTHER INFORMATION CONTACT:
Section
8(a)(17) of the Small Business Act (Act),
15 U.S.C. 637(a)(17), and SBA’s
implementing regulations require that
recipients of Federal supply contracts
SUPPLEMENTARY INFORMATION:
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]]>Agencies
[Federal Register Volume 75, Number 214 (Friday, November 5, 2010)]
[Notices]
[Pages 68393-68394]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-27973]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 12366 and 12367]
Puerto Rico Disaster PR-00011
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster
[[Page 68394]]
for the Commonwealth of Puerto Rico dated 10/28/2010.
Incident: Severe Storms, Flooding and Mudslides.
Incident Period: 10/04/2010 through 10/08/2010.
Effective Date: 10/28/2010.
Physical Loan Application Deadline Date: 12/27/2010.
Economic Injury (EIDL) Loan Application Deadline Date: 07/28/2011.
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:
Patillas, Ponce, Salinas, Utuado, Yauco.
Contiguous Counties:
Puerto Rico: Adjuntas, Aibonito, Arecibo, Arroyo, Cayey, Ciales,
Coamo, Guanica, Guayama, Guayanilla, Hatillo, Jayuya, Juana Diaz,
Lares, Maricao, Maunabo, Penuelas, Sabana Grande, San Lorenzo, Santa
Isabel, Yabucoa.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Homeowners With Credit Available Elsewhere............... 5.000
Homeowners Without Credit Available Elsewhere............ 2.500
Businesses With Credit Available Elsewhere............... 6.000
Businesses Without Credit Available Elsewhere............ 4.000
Non-Profit Organizations With Credit Available Elsewhere. 3.625
Non-Profit Organizations Without Credit Available 3.000
Elsewhere...............................................
For Economic Injury:
Businesses & Small Agricultural Cooperatives Without 4.000
Credit Available Elsewhere..............................
Non-Profit Organizations Without Credit Available 3.000
Elsewhere...............................................
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 12366 6
and for economic injury is 12367 0.
The Commonwealth which received an EIDL Declaration is --
---- Puerto Rico.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
Dated: October 28, 2010.
Karen G. Mills,
Administrator.
[FR Doc. 2010-27973 Filed 11-4-10; 8:45 am]
BILLING CODE 8025-01-P
