Presidential Declaration of a Major Disaster for Public Assistance Only for the State of Oklahoma, 34992-34993 [2019-15410]
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Federal Register / Vol. 84, No. 139 / Friday, July 19, 2019 / Notices
would be earlier in the document than
its current placement, the proposed rule
change would strengthen the
documentation surrounding ICC’s stress
testing methodology by highlighting and
emphasizing to the document’s users,
especially those involved in the daily
risk management process, that the
methodology’s scenarios establish
whether available financial resources
are sufficient to cover hypothetical
losses of the two greatest clearing
participant affiliate groups.
Additionally, the proposed rule
change updates terminology and makes
other clarifying updates. Some examples
of changes include: ‘‘CP AG’’ used to
reference clearing participants under a
common parent, ‘‘Lehman Brothers’’
shortened to ‘‘LB’’, ‘‘sum’’ replaces
‘‘total,’’ utilization of a table to list
reports associated with stress scenarios,
and minor placement and numbering
changes to figures in the document. The
Commission believes that these
clarification updates enhance the
readability of the Stress Testing
Framework.
Further, as described above, the
proposed rule change removes
information that is no longer relevant
(such as the ‘Correlation Sensitivity
Analysis based on Monte Carlo
Simulations’ section) and moves
sections around (such as moving the
‘General Wrong Way Risk and
Contagion Stress Test’ ahead of the
adequacy and sensitivity analysis
sections rather than between these
sections). The Commission believes that
these revisions enhance the
documentation of the Stress Testing
Framework by ensuring that it contains
only currently relevant information and
groups related sections in a nondisruptive manner
The Commission believes that by
enhancing readability and ensuring that
the documentation of ICC’s Stress
Testing Framework remains up-to-date,
clear, and transparent, the clarification
and clean-up changes described above
will promote the prompt and accurate
clearance and settlement of securities
transactions and the safeguarding of
securities and funds within the meaning
of Section 17A(b)(3)(F) of the Act.9
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B. Consistency With Rule 17Ad–22(b)(3)
Rule 17Ad–22(b)(3) requires ICC to
establish, implement, maintain and
enforce written policies and procedures
reasonably designed to maintain
sufficient financial resources to
withstand, at a minimum, a default by
the two participant families to which it
has the largest exposure in extreme but
plausible market conditions.10
The Commission believes that the
proposed changes to the Stress Testing
Framework described above provide
further clarity and transparency
regarding ICC’s stress testing practices
by strengthening the documentation
surrounding ICC’s stress testing
methodology through the introduction
of the cover-2 concepts earlier in the
document, updates to stress testing
terminology to maintain uniformity, and
providing additional clarity on the
reporting of stress testing scenarios.
The Commission further believes that
these proposed revisions enhance ICC’s
approach to identifying potential
weaknesses in the risk management
system with changes to procedures
related to the identification and
remediation of poor stress testing
performance. Specifically, as described
above, the proposed changes more
clearly define the scenarios
corresponding to the Historically
Observed and Hypothetically
Constructed Extreme but Plausible
Scenarios and, with respect to stress
results, specify that it considers
hypothetical losses on a cover-2 basis
and cross-references a section on
remediation of poor stress testing
performance. The Commission therefore
believes that these proposed changes
support ICC’s ability to maintain
sufficient financial resources to
withstand, at a minimum, a default by
the two CP families to which it has the
largest exposures in extreme but
plausible market conditions, consistent
with the requirements of Rule 17Ad–
22(b)(3).11
C. Consistency With Rule 17Ad–22(d)(8)
Rule 17Ad–22(d)(8) requires ICC to
establish, implement, maintain and
enforce written policies and procedures
reasonably designed to have governance
arrangements that are clear and
transparent to fulfill the public interest
requirements in Section 17A of the
Act 12 applicable to clearing agencies, to
support the objectives of owners and
participants, and to promote the
effectiveness of the clearing agency’s
risk management procedures.13
As described above, the proposed
changes clarify the frequency at which
stress testing results are reviewed and
discussed as well as the actions taken
upon identification of poor testing
results. Further, the proposed changes
describe the involvement of the Chief
10 17
12 15
9 Id.
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13 17
18:36 Jul 18, 2019
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CFR 240.17Ad–22(b)(3).
11 Id.
U.S.C. 78q–1.
CFR 240.17Ad–22(d)(8).
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Risk Officer, Risk Oversight Officer,
Risk Department, Risk Working Group,
the Risk Committee, and the Board in
addressing poor stress testing results.
The Commission believes that by
making such clarifications, the proposed
changes strengthen the governance
arrangements set forth in the Stress
Testing Framework by clearly
documenting responsibility for the
identification and remediation of poor
stress testing performance. As such, the
Commission believes that these
governance arrangements are consistent
with the requirements of Rule 17Ad–
22(d)(8).14
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(b)(3)(F) of the Act 15 and
Rules 17Ad–22(b)(3) and 17Ad–22(d)(8)
thereunder.16
It is therefore ordered pursuant to
Section 19(b)(2) of the Act 17 that the
proposed rule change (SR–ICC–2019–
005) be, and hereby is, approved.18
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.19
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–15340 Filed 7–18–19; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #16039 and #16040;
OKLAHOMA Disaster Number OK–00131]
Presidential Declaration of a Major
Disaster for Public Assistance Only for
the State of Oklahoma
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
This is a Notice of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Oklahoma (FEMA–4453–
DR), dated 07/12/2019.
Incident: Severe Storms, Tornadoes,
Straight-line Winds, and Flooding.
SUMMARY:
14 17
CFR 240.17Ad–22(d)(8).
U.S.C. 78q–1(b)(3)(F).
16 17 CFR 240.17Ad–22(b)(3) and 17 CFR
240.17Ad–22(d)(8).
17 15 U.S.C. 78s(b)(2).
18 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).
19 17 CFR 200.30–3(a)(12).
15 15
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Federal Register / Vol. 84, No. 139 / Friday, July 19, 2019 / Notices
Incident Period: 04/30/2019 through
05/01/2019.
Issued on 07/12/2019.
Physical Loan Application Deadline
Date: 09/10/2019.
Economic Injury (EIDL) Loan
Application Deadline Date: 04/13/2020.
DATES:
Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
jbell on DSK3GLQ082PROD with NOTICES
ADDRESSES:
DEPARTMENT OF TRANSPORTATION
Federal Transit Administration
[FTA Docket No. FTA 2019–0015]
Agency Information Collection Activity
Under OMB Review
AGENCY:
Federal Transit Administration,
DOT.
ACTION:
Notice of request for comments.
In compliance with the
Paperwork Reduction Act of 1995, this
notice announces that the Information
Collection Requirements (ICRs)
FOR FURTHER INFORMATION CONTACT: A.
abstracted below have been forwarded
Escobar, Office of Disaster Assistance,
to the Office of Management and Budget
U.S. Small Business Administration,
(OMB) for review and comment. The
409 3rd Street SW, Suite 6050,
Washington, DC 20416, (202) 205–6734. ICR describe the nature of the
information collection and their
SUPPLEMENTARY INFORMATION: Notice is
expected burdens.
hereby given that as a result of the
DATES: Comments must be submitted on
President’s major disaster declaration on or before August 19, 2019.
07/12/2019, Private Non-Profit
ADDRESSES: All written comments must
organizations that provide essential
refer to the docket number that appears
services of a governmental nature may
at the top of this document and be
file disaster loan applications at the
submitted to the Office of Information
address listed above or other locally
and Regulatory Affairs, Office of
announced locations.
Management and Budget, 725–17th
Street NW, Washington, DC 20503,
The following areas have been
Attention: FTA Desk Officer.
determined to be adversely affected by
Alternatively, comments may be sent
the disaster:
via email to the Office of Information
Primary Counties: Alfalfa, Atoka, Bryan, and Regulatory Affairs (OIRA), Office of
Coal, Craig, Kay, Lincoln, Love,
Management and Budget, at the
Major, Noble, Nowata, Okmulgee,
following address: oira_submissions@
Osage, Ottawa, Pittsburg,
omb.eop.gov.
Pushmataha, Stephens, Tillman.
FOR FURTHER INFORMATION CONTACT: Tia
Swain, Office of Administration,
The Interest Rates are:
Management Planning Division, 1200
Percent New Jersey Avenue SE, Mail Stop TAD–
10, Washington, DC 20590, (202) 366–
For Physical Damage:
0354 or tia.swain@dot.gov.
Non-Profit Organizations with
SUPPLEMENTARY INFORMATION: The
Credit Available Elsewhere .....
2.750
Paperwork Reduction Act of 1995
Non-Profit Organizations without
(PRA), Public Law 104–13, Section 2,
Credit Available Elsewhere .....
2.750
109 Stat. 163 (1995) (codified as revised
For Economic Injury:
at 44 U.S.C. 3501–3520), and its
Non-Profit Organizations without
Credit Available Elsewhere .....
2.750 implementing regulations, 5 CFR part
1320, require Federal agencies to issue
two notices seeking public comment on
The number assigned to this disaster
information collection activities before
for physical damage is 16039B and for
OMB may approve paperwork packages.
economic injury is 160400.
44 U.S.C. 3506, 3507; 5 CFR 1320.5,
(Catalog of Federal Domestic Assistance
1320.8(d)(1), 1320.12. On May 14, 2019,
Number 59008)
FTA published a 60-day notice (84 FR
21404) in the Federal Register soliciting
Cynthia Pitts,
comments on the ICR that the agency
Acting Associate Administrator for Disaster
was seeking OMB approval. FTA
Assistance.
received no comments after issuing this
[FR Doc. 2019–15410 Filed 7–18–19; 8:45 am]
60-day notice. Accordingly, DOT
BILLING CODE 8026–03–P
announces that these information
collection activities have been reevaluated and certified under 5 CFR
1320.5(a) and forwarded to OMB for
review and approval pursuant to 5 CFR
1320.12(c).
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18:36 Jul 18, 2019
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SUMMARY:
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34993
Before OMB decides whether to
approve these proposed collections of
information, it must provide 30 days for
public comment. 44 U.S.C. 3507(b); 5
CFR 1320.12(d). Federal law requires
OMB to approve or disapprove
paperwork packages between 30 and 60
days after the 30-day notice is
published. 44 U.S.C. 3507(b)–(c); 5 CFR
1320.12(d); see also 60 FR 44978, 44983,
Aug. 29, 1995. OMB believes that the
30-day notice informs the regulated
community to file relevant comments
and affords the agency adequate time to
digest public comments before it
renders a decision. 60 FR 44983, Aug.
29, 1995. Therefore, respondents should
submit their respective comments to
OMB within 30 days of publication to
best ensure having their full effect. 5
CFR 1320.12(c); see also 60 FR 44983,
Aug. 29, 1995.
The summaries below describe the
nature of the information collection
requirements (ICRs) and the expected
burden. The requirements are being
submitted for clearance by OMB as
required by the PRA.
Title: Rail Fixed Guideway Systems;
State Safety Oversight.
OMB Control Number: 2132–0558.
Type of Request: Renewal of a
previously approved information
collection.
Abstract: FTA administers a national
program for public transportation safety
under 49 U.S.C. Section 5329. One
element of this program, at 49 U.S.C.
5329(e), requires States to oversee the
safety of the rail transit agencies (RTAs)
in their jurisdictions, including heavy
and light rail systems, streetcars,
inclined planes, cable cars, monorail/
automated guideways and hybrid rail.
Through this program, State Safety
Oversight Agencies (SSOAs) ensure that
RTAs identify and address safety risks,
follow their safety rules and procedures,
and take corrective action to address
safety deficiencies. This program, which
only applies to RTAs, enhances and
replaces the State Safety Oversight
(SSO) program previously authorized at
49 U.S.C. 5330.
The previously authorized program
required SSOAs to perform oversight
without Federal grant funding available.
As a result, the approved information
collection included burden hours
associated with activities administered
by SSO agencies to collect information
from RTAs and activities performed by
RTAs to provide information to SSOAs.
FTA decided to include these burden
hours to address concerns raised by
SSOAs and RTAs regarding unfunded
Federal requirements.
With the expiration of the previously
authorized program, and the new
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Agencies
[Federal Register Volume 84, Number 139 (Friday, July 19, 2019)]
[Notices]
[Pages 34992-34993]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-15410]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #16039 and #16040; OKLAHOMA Disaster Number OK-
00131]
Presidential Declaration of a Major Disaster for Public
Assistance Only for the State of Oklahoma
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a Notice of the Presidential declaration of a major
disaster for Public Assistance Only for the State of Oklahoma (FEMA-
4453-DR), dated 07/12/2019.
Incident: Severe Storms, Tornadoes, Straight-line Winds, and
Flooding.
[[Page 34993]]
Incident Period: 04/30/2019 through 05/01/2019.
DATES: Issued on 07/12/2019.
Physical Loan Application Deadline Date: 09/10/2019.
Economic Injury (EIDL) Loan Application Deadline Date: 04/13/2020.
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, (202) 205-6734.
SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of
the President's major disaster declaration on 07/12/2019, Private Non-
Profit organizations that provide essential services of a 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: Alfalfa, Atoka, Bryan, Coal, Craig, Kay, Lincoln,
Love, Major, Noble, Nowata, Okmulgee, Osage, Ottawa, Pittsburg,
Pushmataha, Stephens, Tillman.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Non-Profit Organizations with Credit Available Elsewhere.... 2.750
Non-Profit Organizations without Credit Available Elsewhere. 2.750
For Economic Injury:
Non-Profit Organizations without Credit Available Elsewhere. 2.750
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 16039B
and for economic injury is 160400.
(Catalog of Federal Domestic Assistance Number 59008)
Cynthia Pitts,
Acting Associate Administrator for Disaster Assistance.
[FR Doc. 2019-15410 Filed 7-18-19; 8:45 am]
BILLING CODE 8026-03-P