Administrative Declaration of a Disaster for the Commonwealth of Pennsylvania, 32435 [2020-11550]
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Federal Register / Vol. 85, No. 104 / Friday, May 29, 2020 / Notices
32435
information required under Rule 15c2–
5 is necessary for broker-dealers to
engage in the lending activities
prescribed in the Rule. Rule 15c2–5
does not assure confidentiality for the
information retained under the rule.6
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to (i) www.reginfo.gov/public/do/
PRAMain and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission, c/
o Cynthia Roscoe, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: PRA_Mailbox@sec.gov.
Percent
jbell on DSKJLSW7X2PROD with NOTICES
loans to persons in connection with the
offer or sale of securities unless, before
any element of the transaction is entered
into, the broker-dealer: (1) Delivers to
the person a written statement
containing the exact nature and extent
of the person’s obligations under the
loan arrangement; the risks and
disadvantages of the loan arrangement;
and all commissions, discounts, and
other remuneration received and to be
received in connection with the
transaction by the broker-dealer or
certain related persons (unless the
person receives certain materials from
the lender or broker-dealer which
contain the required information); and
(2) obtains from the person information
on the person’s financial situation and
needs, reasonably determines that the
transaction is suitable for the person,
and retains on file and makes available
to the person on request a written
statement setting forth the brokerdealer’s basis for determining that the
transaction was suitable. The collection
of information required by Rule 15c2–5
is necessary to execute the
Commission’s mandate under the
Exchange Act to prevent fraudulent,
manipulative, and deceptive acts and
practices by broker-dealers.
The Commission estimates that there
are approximately 50 respondents that
require an aggregate total of 600 hours
to comply with Rule 15c2–5.1 Each of
these approximately 50 registered
broker-dealers makes an estimated six
annual responses, for an aggregate total
of 300 responses per year.2 Each
response takes approximately two hours
to complete. Thus, the total compliance
burden per year is 600 burden hours.3
The approximate internal compliance
cost per hour is $63.00 for clerical
labor,4 resulting in a total internal
compliance cost of $37,800.5 These
reflect internal labor costs; there are no
external labor, capital, or start-up costs.
Although Rule 15c2–5 does not
specify a retention period or recordkeeping requirement under the rule,
broker-dealers are required to preserve
the records for a period no less than six
years pursuant to Rule 17a–4(c). The
1 50 respondents × 6 responses per year × 2 hours
per response = 600 hours per year.
2 50 respondents × 6 responses per year = 300
responses per year.
3 300 responses per year × 2 hours per response
= 600 hours per year.
4 Cost per hour for a clerk is from SIFMA’s Office
Salaries in the Securities Industry 2013, modified
by Commission staff to account for an 1800-hour
work-year, multiplied by 2.93 to account for
bonuses, firm size, employee benefits and overhead,
and adjusted by a factor of 1.0965 to account for
inflation.
5 600 hours per year × $63.00 per hour = $37,800
per year.
VerDate Sep<11>2014
17:06 May 28, 2020
Jkt 250001
Dated: May 26, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–11592 Filed 5–28–20; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #16469 and #16470;
Pennsylvania Disaster Number PA–00105
Administrative Declaration of a
Disaster for the Commonwealth of
Pennsylvania
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
Economic Injury (EIDL) Loan
Application Deadline Date: 02/22/2021.
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
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: Huntingdon
Contiguous Counties:
Pennsylvania—Bedford, Blair, Centre,
Franklin, Fulton, Juniata, Mifflin.
The Interest Rates are:
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 .....
2.500
1.250
6.000
3.000
2.750
2.750
3.000
2.750
This is a notice of an
Administrative declaration of a disaster
for the Commonwealth of Pennsylvania
dated 05/22/2020.
Incident: Apartment Complex Fire.
Incident Period: 05/12/2020.
DATES: Issued on 05/22/2020.
Physical Loan Application Deadline
Date: 07/21/2020.
The number assigned to this disaster
for physical damage is 16469 5 and for
economic injury is 16470 0.
The State which received an EIDL
Declaration # is Pennsylvania.
6 The records required by Rule 15c2–5 would be
available only for examination purposes of the
Commission staff, state securities authorities, and
the self-regulatory organizations. Subject to the
provisions of the Freedom of Information Act, 5
U.S.C. 552, and the Commission’s rules thereunder
(17 CFR 200.80(b)(4)(iii)), the Commission does not
generally publish or make available information
contained in any reports, summaries, analyses,
letters, or memoranda arising out of, in anticipation
of, or in connection with an examination or
inspection of the books and records of any person
or any other investigation.
[FR Doc. 2020–11550 Filed 5–28–20; 8:45 am]
SUMMARY:
PO 00000
Frm 00080
Fmt 4703
Sfmt 4703
(Catalog of Federal Domestic Assistance
Number 59008)
Jovita Carranza,
Administrator.
BILLING CODE 8026–03–P
STATE JUSTICE INSTITUTE
SJI Board of Directors Meeting, Notice
State Justice Institute.
Notice of meeting.
AGENCY:
ACTION:
E:\FR\FM\29MYN1.SGM
29MYN1
]]>Agencies
[Federal Register Volume 85, Number 104 (Friday, May 29, 2020)]
[Notices]
[Page 32435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11550]
=======================================================================
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #16469 and #16470; Pennsylvania Disaster Number
PA-00105
Administrative Declaration of a Disaster for the Commonwealth of
Pennsylvania
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster for the Commonwealth of Pennsylvania dated 05/22/2020.
Incident: Apartment Complex Fire.
Incident Period: 05/12/2020.
DATES: Issued on 05/22/2020.
Physical Loan Application Deadline Date: 07/21/2020.
Economic Injury (EIDL) Loan Application Deadline Date: 02/22/2021.
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 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: Huntingdon
Contiguous Counties:
Pennsylvania--Bedford, Blair, Centre, Franklin, Fulton, Juniata,
Mifflin.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Homeowners With Credit Available Elsewhere.................. 2.500
Homeowners Without Credit Available Elsewhere............... 1.250
Businesses With Credit Available Elsewhere.................. 6.000
Businesses Without Credit Available Elsewhere............... 3.000
Non-Profit Organizations With Credit Available Elsewhere.... 2.750
Non-Profit Organizations Without Credit Available Elsewhere. 2.750
For Economic Injury:
Businesses & Small Agricultural Cooperatives Without Credit 3.000
Available Elsewhere........................................
Non-Profit Organizations Without Credit Available Elsewhere. 2.750
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 16469 5
and for economic injury is 16470 0.
The State which received an EIDL Declaration # is Pennsylvania.
(Catalog of Federal Domestic Assistance Number 59008)
Jovita Carranza,
Administrator.
[FR Doc. 2020-11550 Filed 5-28-20; 8:45 am]
BILLING CODE 8026-03-P
