Illinois Disaster #IL-00045, 33320 [2015-14323]
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Federal Register / Vol. 80, No. 112 / Thursday, June 11, 2015 / Notices
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fund assets and to detect any
irregularities.
The Commission staff estimates that
each fund makes 974 responses and
spends an average of 252 hours annually
in complying with the rule’s
requirements.3 Commission staff
estimates that on an annual basis it
takes: (i) 0.5 hours of fund accounting
personnel at a total cost of $99 to draft
director resolutions; 4 (ii) 0.5 hours of
the fund’s board of directors at a total
cost of $2200 to adopt the resolution; 5
(iii) 244 hours for the fund’s accounting
personnel at a total cost of $63,797 to
prepare written notations of
transactions; 6 and (iv) 7 hours for the
fund’s accounting personnel at a total
cost of $1386 to assist the independent
public accountants when they perform
verifications of fund assets.7
Commission staff estimates that
approximately 188 funds file Form N–
17f–2 each year.8 Thus, the total annual
hour burden for rule 17f–2 is estimated
to be 47,376 hours.9 Based on the total
costs per fund listed above, the total
cost of rule 17f–2’s collection of
3 The 974 responses are: 1 (one) response to draft
and adopt the resolution and 973 notations.
Estimates of the number of hours are based on
conversations with individuals in the fund
industry. The actual number of hours may vary
significantly depending on individual fund assets.
4 This estimate is based on the following
calculation: 0.5 (burden hours per fund) × $198
(senior accountant’s hourly rate) = $99. Unless
otherwise indicated, the hourly wage figures used
herein are from the Securities Industry and
Financial Markets Association’s Management &
Professional Earnings in the Securities Industry
2013, modified by Commission staff to account for
an 1800-hour work-year and multiplied by 5.35 to
account for bonuses, firm size, employee benefits
and overhead.
5 The estimate for the cost of board time as a
whole is derived from estimates made by the staff
regarding typical board size and compensation that
is based on information received from fund
representatives and publicly available sources.
6 Respondents estimated that each fund makes
974 responses on an annual basis and spends a total
of 0.25 hours per response. The fund personnel
involved are Accounts Payable Manager ($186
hourly rate), Operations Manager ($334 hourly rate)
and Accounting Manager ($265 hourly rate). The
average hourly rate of these personnel is $262. The
estimated cost of preparing notations is based on
the following calculation: 974 × 0.25 × $262 =
$63,797.
7 This estimate is based on the following
calculation: 7 × $198 (senior accountant’s hourly
rate) = $1386.
8 On average, each year approximately 188 funds
filed Form N–17f–2 with the Commission during
calendar years 2011–2013.
9 This estimate is based on the following
calculation: 188 (funds) × 252 (total annual hourly
burden per fund) = 47,376 hours for rule. The
annual burden for rule 17f–2 does not include time
spent preparing Form N–17f–2. The burden for
Form N–17f–2 is included in a separate collection
of information.
VerDate Sep<11>2014
17:06 Jun 10, 2015
Jkt 235001
information requirements is estimated
to be approximately $12.7 million.10
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules and forms.
Complying with the collections of
information required by rule 17f–2 is
mandatory for those funds that maintain
custody of their own assets. Responses
will not be kept confidential. An agency
may not conduct or sponsor, and a
person is not required to respond to, a
collection of information unless it
displays a currently valid control
number.
The public may view the background
documentation for this information
collection at the following Web site,
www.reginfo.gov. Comments should be
directed to: (i) Desk Officer for the
Securities and Exchange Commission,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503,
or by sending an email to: Shagufta_
Ahmed@omb.eop.gov; and (ii) Pamela
Dyson, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon,
100 F Street NE., Washington, DC 20549
or send an email to: PRA_Mailbox@
sec.gov. Comments must be submitted to
OMB within 30 days of this notice.
Dated: June 5, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015–14244 Filed 6–10–15; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
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: Dekalb.
Contiguous Counties:
Illinois: Boone, Kane, Kendall, La
Salle, Lee, McHenry, Ogle,
Winnebago.
The Interest Rates are:
ADDRESSES:
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 .....
3.625
1.813
6.000
4.000
2.625
2.625
4.000
2.625
[Disaster Declaration #14340 and #14341]
The number assigned to this disaster
for physical damage is 14340 B and for
economic injury is 14341 0.
The State which received an EIDL
Declaration # is Illinois.
Illinois Disaster #IL–00045
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
This is a notice of an
Administrative declaration of a disaster
for the State of Illinois dated 06/03/
2015.
Incident: Severe thunderstorms and
tornadoes.
Incident Period: 04/09/2015.
Effective Date: 06/03/2015.
Physical Loan Application Deadline
Date: 08/03/2015.
Economic Injury (EIDL) Loan
Application Deadline Date: 03/03/2016.
SUMMARY:
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Dated: June 3, 2015.
Maria Contreras-Sweet,
Administrator.
[FR Doc. 2015–14323 Filed 6–10–15; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #14338 and #14339]
West Virginia Disaster #WV–00036
10 This
estimate is based on the following
calculation: $67,482 (total annual cost per fund) ×
188 funds = $12,686,616.
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
U.S. Small Business
Administration.
AGENCY:
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]]>Agencies
[Federal Register Volume 80, Number 112 (Thursday, June 11, 2015)]
[Notices]
[Page 33320]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-14323]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #14340 and #14341]
Illinois Disaster #IL-00045
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster for the State of Illinois dated 06/03/2015.
Incident: Severe thunderstorms and tornadoes.
Incident Period: 04/09/2015.
Effective Date: 06/03/2015.
Physical Loan Application Deadline Date: 08/03/2015.
Economic Injury (EIDL) Loan Application Deadline Date: 03/03/2016.
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: Dekalb.
Contiguous Counties:
Illinois: Boone, Kane, Kendall, La Salle, Lee, McHenry, Ogle,
Winnebago.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Homeowners with Credit Available Elsewhere................. 3.625
Homeowners without Credit Available Elsewhere.............. 1.813
Businesses with Credit Available Elsewhere................. 6.000
Businesses without Credit Available Elsewhere.............. 4.000
Non-Profit Organizations with Credit Available Elsewhere... 2.625
Non-Profit Organizations without Credit Available Elsewhere 2.625
For Economic Injury:
Businesses & small agricultural cooperatives without credit 4.000
available elsewhere.......................................
Non-profit organizations without credit available elsewhere 2.625
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 14340 B
and for economic injury is 14341 0.
The State which received an EIDL Declaration # is Illinois.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
Dated: June 3, 2015.
Maria Contreras-Sweet,
Administrator.
[FR Doc. 2015-14323 Filed 6-10-15; 8:45 am]
BILLING CODE 8025-01-P
