U.S. Virgin Islands Disaster #VI-00006, 80878-80879 [2010-32338]
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80878
Federal Register / Vol. 75, No. 246 / Thursday, December 23, 2010 / Notices
Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–EDGX–
2010–17 and should be submitted on or
before January 13, 2011.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–32286 Filed 12–22–10; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–63567; File No. SR–DTC–
2010–14]
Self-Regulatory Organizations; The
Depository Trust Company; Order
Granting Approval of a Proposed Rule
Change To Authorize Additional
Shares of Preferred Stock and
Designate Shares as Series A
Preferred Stock
December 16, 2010.
I. Introduction
On October 22, 2010, The Depository
Trust Company (‘‘DTC’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) proposed rule change
SR–DTC–2010–11 pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’).1 Notice of the proposal
was published in the Federal Register
on November 12, 2010.2 The
Commission received no comment
letters. For the reasons discussed below,
the Commission is granting approval of
the proposed rule change.
II. Description
In 1999, DTC’s Certificate of
Organization was amended (‘‘1999
Amendment’’) to provide for the
authorization and issuance of 1,500,000
shares of preferred stock, par value $100
per share.3 The 1999 Amendment also
provided that the preferred stock could
be issued in one or more classes having
such designations, relative rights,
preferences, or limitation as fixed by the
mstockstill on DSKH9S0YB1PROD with NOTICES
12 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 Securities Exchange Act Release No. 63254
(November 5, 2010), 75 FR 69514 (November 12,
2010).
3 The amendment was the subject of a DTC
proposed rule change approved by the Commission.
Securities Exchange Act No. 34–41529 (June 15,
1999), 64 FR 33333 (June 22, 1999) [File No. SR–
DTC–1999–08]. The amendment was also approved
by the New York State Superintendent of Banks.
1 15
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18:06 Dec 22, 2010
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Board of Directors of DTC at the time of
issuance of any such preferred stock.
DTC’s Certificate of Organization has
been amended three times since the
1999 Amendment to provide for the
issuance of variable rate,
noncumulative, nonvoting shares of
Series A preferred stock, par value $100
per shares, which are preferred over
DTC’s common stock as to dividends
and in the event of liquidation (‘‘Series
A Preferred Stock’’). The first such
amendment (filed in 2000) provided for
the issuance of 750,000 shares of the
Series A Preferred Stock.4 The second
amendment (filed in 2006) provided for
the issuance of an additional 500,000
shares of Series A Preferred Stock.5 The
third amendment (filed in 2009)
provided for the issuance of an
additional 250,000 shares of Series A
Preferred Stock.6
DTC participants are required to
purchase and own shares of the Series
A Preferred Stock in proportion to their
use of DTC services. DTC treats the
Series A Preferred Stock held by
participants substantially the same as it
treats the mandatory cash deposits made
by participants to the Participants Fund
for purposes of collateralizing securities
transactions, limiting net debit
positions, implementing default
procedures, and allocating unrecovered
losses.
In order to further increase its capital,
DTC is amending its Certificate of
Organization 7 to authorize an
additional 1,750,000 shares of Series A
Preferred stock with such rights,
preferences, and limitations as currently
provided in its Certificate of
Organization.8
III. Discussion
Section 17A(b)(3)(F) of the Act
requires that the rules of a clearing
agency be designed to, among other
things, assure the safeguarding of
securities and funds which are in the
custody or control of the clearing agency
or for which it is responsible and to
protect investors and the public
interest.9 The Commission believes that
the rule change is consistent with DTC’s
obligations under the Exchange Act
because the rule change will enable DTC
to be ‘‘well capitalized’’ while not
adversely affecting its ability to
adequately safeguard the securities and
funds in its custody or control or for
which it 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 with the requirements of
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–
DTC–2010–14) be and hereby is
approved.
For the Commission by the Division of
Trading and Markets, pursuant to delegated
authority.10
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–32225 Filed 12–22–10; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #12418 and #12419]
4 Securities
Exchange Release No. 43197 (August
23, 2000), 65 FR 52459 (August 29, 2000) [File No.
SR–DTC–2000–02].
5 Securities Exchange Act Release No. 54775
(November 17, 2006), 71 FR 68662 (November 27,
2006) [SR–DTC–2006–14].
6 Securities Exchange Act Release No. 59612
(March 20, 2009), 74 FR 13488 (March 27, 2009)
[File No. SR–DTC–2009–06].
7 On October 20, 2010, DTC’s sole stockholder,
The Depository Trust & Clearing Corporation,
authorized DTC to amend its Certificate of
Organization to increase the number of shares of
authorized preferred stock, as required by Section
8003 of the Banking Law of the State of New York.
DTC is also required to seek approval from the New
York State Banking Department, which concurrent
with the filing of this proposed rule change, it has
done.
8 DTC, as a member institution of the Federal
Reserve System, is subject to capital guidelines
issued by the Board of Governors of the Federal
Reserve System. To be considered ‘‘wellcapitalized’’ under these guidelines, DTC must,
among other things, maintain a Total Risk-Based
Capital Ratio of at least 10%, a Leverage Ratio of
at least 5%, and a Tier 1 Risk-Based Capital Ratio
of at least 6%.
The authorization and issuance of this additional
1,750,000 shares will increase the number of shares
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U.S. Virgin Islands Disaster #VI–00006
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
This is a notice of an
Administrative declaration of a disaster
for the U.S. Virgin Islands dated 12/15/
2010.
Incident: Tropical Storm Tomas.
Incident Period: 11/08/2010 through
11/12/2010.
Effective Date: 12/15/2010.
Physical Loan Application Deadline
Date: 02/14/2011.
Economic Injury (EIDL) Loan
Application Deadline Date: 09/15/2011.
SUMMARY:
of Series A Preferred Stock to a total of 3,250,000
shares with a total par value of $325 million. This
will enable DTC to continue to be ‘‘well capitalized’’
under the capital guidelines issued by the Board of
Governors of the Federal Reserve System.
9 15 U.S.C. 78q–1(b)(3)(F).
10 17 CFR 200.30–3(a)(12).
E:\FR\FM\23DEN1.SGM
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Federal Register / Vol. 75, No. 246 / Thursday, December 23, 2010 / Notices
Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
ADDRESSES:
A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
mstockstill on DSKH9S0YB1PROD with NOTICES
FOR FURTHER INFORMATION CONTACT:
DEPARTMENT OF STATE
[Public Notice: 7273]
Bureau of Educational and Cultural
Affairs (ECA) Request for Grant
Proposals: English Language Materials
Training and Development Program
Announcement Type: New
Cooperative Agreement.
Funding Opportunity Number: ECA/
A/L–11–02.
SUPPLEMENTARY INFORMATION: Notice is
Catalog of Federal Domestic
hereby given that as a result of the
Assistance Number: 19.421.
Administrator’s disaster declaration,
Key Dates: Application Deadline:
applications for disaster loans may be
filed at the address listed above or other March 15, 2011.
Executive Summary: The Office of
locally announced locations.
English Language Programs of the
The following areas have been
Bureau of Educational and Cultural
determined to be adversely affected by
Affairs (ECA/A/L) announces an open
the disaster:
competition for the English Language
Materials Training and Development
Primary Island: Saint Croix.
Program, including a U.S. exchange
The Interest Rates are:
component in summer, 2012. U.S.
public and private universities with a
Percent
graduate TEFL program meeting the
provisions described in Internal
For Physical Damage:
Revenue Code section 26 U.S.C.
Homeowners With Credit Available Elsewhere ......................
4.500 501(c)(3) may submit proposals to
implement the program that will
Homeowners Without Credit
Available Elsewhere ..............
2.250 include the following: 1. A needs
assessment for English language
Businesses With Credit Available Elsewhere ......................
6.000 instructional materials abroad; 2. an
rigorous, online academic program in
Businesses
Without
Credit
Available Elsewhere ..............
4.000 materials development for 26
Non-Profit Organizations With
international participants; 3. a threeCredit Available Elsewhere ...
3.250 week, U.S. exchange program for the
Non-Profit Organizations Withsame 26 participants including
out Credit Available Elsematerials development training; 4. the
where .....................................
3.000
revision of at least three products/
For Economic Injury:
publications presently in the ECA/A/L
Businesses & Small Agricultural
materials catalogue and the
Cooperatives Without Credit
Available Elsewhere ..............
4.000 development of at least three new
products/publications. More detailed
Non-Profit Organizations Withinformation about each of these four
out Credit Available Elsewhere .....................................
3.000 components of this cooperative
agreement are detailed in the Program
Objectives, Goals, and Implementation
The number assigned to this disaster
(POGI). Funding is pending the
for physical damage is 12418 B and for
availability of FY–2011 funds.
economic injury is 12419 0.
For the needs assessment for English
(Catalog of Federal Domestic Assistance
language instructional materials, the
Numbers 59002 and 59008)
proposal should include a detailed plan
for the recipient organization to perform
The Island which received an EIDL
a needs assessment among English
Declaration # is Saint Croix.
language learners and instructors
Dated: December 15, 2010.
outside the U.S., including present and
past participants in ECA/A/L programs
Karen G. Mills,
as well as the Regional English
Administrator.
Language Officers (RELOs), the corps of
[FR Doc. 2010–32338 Filed 12–22–10; 8:45 am]
State Department Specialist Foreign
BILLING CODE 8025–01–P
Service Officers based around the
world. The objective of the materials
needs assessment will be to identify
instructional materials preferences and
needs of learners and instructors of
English. This information will serve to
inform the development and
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18:06 Dec 22, 2010
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80879
implementation of the other
components of this program.
For the online program in materials
development, proposals must outline
and demonstrate an ability to produce
an online program that blends various
social media and web-based
technologies to provide professional
development opportunities on materials
assessment, review, adaptation and
development to approximately twentysix foreign participants. The
participants will be selected by ECA/A/
L in consultation with the RELOs.
Participants will be: citizens of the
country in which they reside; university
degree holders, preferably at the
graduate level in the fields of TEFL or
Applied Linguistics; employed in a
position which includes substantive
responsibilities in the area of materials
assessment, adaptation, development, or
closely related area; in positions of
authority with regard to the adaptation,
development and use of instructional
materials at the institutional, regional,
and/or national levels; and
professionally proficient in English. The
online program must commence at least
ten weeks before the U.S. exchange and
include at least five sessions after
completion of the U.S. exchange. The
program must also incorporate existing
ECA/A/L materials, drafts of revised
materials, and new products/
publications as illustrations throughout
the online program.
For the U.S. university-based
Exchange component, the recipient will
develop and implement a workshop in
the U.S. for the twenty-six English
language teaching professionals who
have been participating in online
program. The four-week U.S. Exchange
should be implemented in July of 2012
and include an orientation to the U.S.;
an intensive program on materials
assessment, adaptation, review and
development; cultural and community
service activities; and a three day
briefing in Washington, DC at the
conclusion of the exchange component.
The Washington, DC briefing should
familiarize participants with ECA and
other relevant bureaus within the State
Department, allow participants to meet
with English language materials
developers from Washington, DC, and
provide an opportunity for participants
to share their materials development
program development plans.
Participants will be encouraged to
develop a materials development
program to implement in their home
countries following the exchange
program. The proposal should include a
detailed plan for the content,
administration, and implementation of
the U.S. exchange.
E:\FR\FM\23DEN1.SGM
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]]>Agencies
[Federal Register Volume 75, Number 246 (Thursday, December 23, 2010)]
[Notices]
[Pages 80878-80879]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-32338]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 12418 and 12419]
U.S. Virgin Islands Disaster VI-00006
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster for the U.S. Virgin Islands dated 12/15/2010.
Incident: Tropical Storm Tomas.
Incident Period: 11/08/2010 through 11/12/2010.
Effective Date: 12/15/2010.
Physical Loan Application Deadline Date: 02/14/2011.
Economic Injury (EIDL) Loan Application Deadline Date: 09/15/2011.
[[Page 80879]]
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 Island: Saint Croix.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Homeowners With Credit Available Elsewhere................. 4.500
Homeowners Without Credit Available Elsewhere.............. 2.250
Businesses With Credit Available Elsewhere................. 6.000
Businesses Without Credit Available Elsewhere.............. 4.000
Non-Profit Organizations With Credit Available Elsewhere... 3.250
Non-Profit Organizations Without Credit Available Elsewhere 3.000
For Economic Injury:
Businesses & Small Agricultural Cooperatives Without Credit 4.000
Available Elsewhere.......................................
Non-Profit Organizations Without Credit Available Elsewhere 3.000
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 12418 B
and for economic injury is 12419 0.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
The Island which received an EIDL Declaration is Saint
Croix.
Dated: December 15, 2010.
Karen G. Mills,
Administrator.
[FR Doc. 2010-32338 Filed 12-22-10; 8:45 am]
BILLING CODE 8025-01-P
