Presidential Declaration Amendment of a Major Disaster for the State of New York, 59261-59262 [2021-23305]

Download as PDF Federal Register / Vol. 86, No. 204 / Tuesday, October 26, 2021 / Notices reasonably designed to cover its credit exposures to its participants by establishing a risk-based margin system that, at a minimum, is monitored by management on an ongoing basis and is regularly reviewed, tested, and verified by, among other things: (A) Conducting backtests of its margin model at least once each day using standard predetermined parameters and assumptions; and (B) conducting a sensitivity analysis of its margin model and a review of its parameters and assumptions for backtesting on at least a monthly basis, and considering modifications to ensure the backtesting practices are appropriate for determining the adequacy of ICC’s margin resources.14 Consistent with such back-testing requirements, the proposed rule change would not modify ICC Risk’s current back-testing practices of performing daily, weekly, monthly, and quarterly portfolio-level back-testing analyses, performing monthly parameter reviews and parameter sensitivity analyses, and remediating poor back-testing results under the Back-Testing Framework.15 For the reasons discussed below, the Commission finds that the proposed rule change would enhance such backtesting practices to help ICC monitor its credit exposures to its clearing participants and maintain the ongoing effectiveness of its risk-based margin system and overall risk management framework. As described above, proposed new Subsection 2.1 (Lookback Period for Back-Testing of the Production Model with Clearing Participant Portfolios), in adding a detailed description of the maximum back-testing sample size, or lookback period, and an alternative statistical test for enhanced analysis and verification of the accuracy of risk model performance, would clarify and strengthen ICC’s back-testing analysis for CP related portfolios. Proposed Subsection 2.1, in establishing the minimum back-testing window length for the Margin Period of Risk (MPOR) model analysis, subjecting the MPOR model to the performance of additional analyses for portfolios with an insufficient number of available observations, and clarifying the reporting of back-testing results for such portfolios, would help ensure that the back-testing practices for MPOR models are appropriate for determining the accuracy of ICC’s margin resources. If red-zone results appear from overlapping back-testing periods, Section 4, as amended, would require 14 17 CFR 240.17Ad–22(e)(6)(vi). Notice at 51205. 15 See VerDate Sep<11>2014 22:39 Oct 25, 2021 Jkt 256001 ICC Risk to assess the sufficiency of the number of observations on the portfoliolevel back-testing analysis, which would supplement its complementary backtesting analysis without overlapping periods. The Commission therefore finds that these aspects of the proposed rule change, taken together, are consistent with Rule 17Ad– 22(e)(6)(vi).16 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(b)(3)(F) of the Act 17 and Rules 17Ad–22(e)(2)(i) and (v), and 17Ad–22(e)(6)(vi) thereunder.18 It is therefore ordered pursuant to Section 19(b)(2) of the Act 19 that the proposed rule change (SR–ICC–2021– 018) be, and hereby is, approved.20 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.21 J. Matthew DeLesDernier, Assistant Secretary. 59261 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: The notice of the President’s major disaster declaration for Private Non-Profit organizations in the Commonwealth of Pennsylvania, dated 10/08/2021, is hereby amended to include the following areas as adversely affected by the disaster. Primary Counties: Dauphin, Delaware. All other information in the original declaration remains unchanged. ADDRESSES: (Catalog of Federal Domestic Assistance Number 59008) James Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2021–23307 Filed 10–25–21; 8:45 am] BILLING CODE 8026–03–P [FR Doc. 2021–23258 Filed 10–25–21; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION SMALL BUSINESS ADMINISTRATION [Disaster Declaration #17217 and #17218; Pennsylvania Disaster Number PA–00116] Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the Commonwealth of Pennsylvania U.S. Small Business Administration. ACTION: Amendment 2. AGENCY: This is an amendment of the Presidential declaration of a major disaster for Public Assistance Only for the Commonwealth of Pennsylvania (FEMA–4618–DR), dated 10/08/2021. Incident: Remnants of Hurricane Ida. Incident Period: 08/31/2021 through 09/05/2021. DATES: Issued on 10/20/2021. Physical Loan Application Deadline Date: 12/07/2021. Economic Injury (EIDL) Loan Application Deadline Date: 07/08/2022. CFR 240.17Ad–22(e)(6)(vi). U.S.C. 78q–1(b)(3)(F). 18 17 CFR 240.17Ad–22(e)(2)(i) and (v), and (e)(6)(vi). 19 15 U.S.C. 78s(b)(2). 20 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). 21 17 CFR 200.30–3(a)(12). 17 15 PO 00000 Frm 00150 Fmt 4703 Sfmt 4703 Presidential Declaration Amendment of a Major Disaster for the State of New York U.S. Small Business Administration. ACTION: Amendment 4. AGENCY: This is an amendment of the Presidential declaration of a major disaster for the State of New York (FEMA–4615–DR), dated 09/05/2021. Incident: Remnants of Hurricane Ida. Incident Period: 09/01/2021 through 09/03/2021. DATES: Issued on 10/20/2021. Physical Loan Application Deadline Date: 11/04/2021. Economic Injury (EIDL) Loan Application Deadline Date: 06/06/2022. 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: The notice of the President’s major disaster declaration for the State of NEW YORK, SUMMARY: SUMMARY: 16 17 [Disaster Declaration #17147 and #17148; New York Disaster Number NY–00208] E:\FR\FM\26OCN1.SGM 26OCN1 59262 Federal Register / Vol. 86, No. 204 / Tuesday, October 26, 2021 / Notices dated 09/05/2021, is hereby amended to include the following areas as adversely affected by the disaster: Primary Counties (Physical Damage and Economic Injury Loans): Dutchess. Contiguous Counties (Economic Injury Loans Only): New York: Columbia, Ulster. Connecticut: Litchfield. Massachusetts: Berkshire. All other information in the original declaration remains unchanged. (Catalog of Federal Domestic Assistance Number 59008) James Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2021–23305 Filed 10–25–21; 8:45 am] BILLING CODE 8026–03–P SOCIAL SECURITY ADMINISTRATION [Docket No: SSA–2021–0044] Agency Information Collection Activities: Comment Request The Social Security Administration (SSA) publishes a list of information collection packages requiring clearance by the Office of Management and Budget (OMB) in compliance with Public Law 104–13, the Paperwork Reduction Act of 1995, effective October 1, 1995. This notice includes revisions, and one extension of OMB-approved information collections. SSA is soliciting comments on the accuracy of the agency’s burden estimate; the need for the information; its practical utility; ways to enhance its quality, utility, and clarity; and ways to minimize burden on respondents, including the use of automated collection techniques or other forms of information technology. Mail, email, or fax your comments and recommendations on the information collection(s) to the OMB Desk Officer and SSA Reports Clearance Officer at the following addresses or fax numbers. (OMB) Office of Management and Budget, Attn: Desk Officer for SSA. Comments: https://www.reginfo.gov/ public/do/PRAMain. Submit your comments online referencing Docket ID Number [SSA–2021–0044]. (SSA) Social Security Administration, OLCA, Attn: Reports Clearance Director, 3100 West High Rise, 6401 Security Blvd., Baltimore, MD 21235, Fax: 410–966–2830, Email address: OR.Reports.Clearance@ssa.gov. Or you may submit your comments online through https:// www.reginfo.gov/public/do/PRAMain, referencing Docket ID Number [SSA– 2021–0044]. SSA submitted the information collections below to OMB for clearance. Your comments regarding these information collections would be most useful if OMB and SSA receive them 30 days from the date of this publication. Number of respondents Modality of completion Average burden per response (minutes) Frequency of response Estimated total annual burden (hours) To be sure we consider your comments, we must receive them no later than November 26, 2021. Individuals can obtain copies of these OMB clearance packages by writing to OR.Reports.Clearance@ssa.gov. 1. Request for Waiver of Overpayment Recovery and Request for Change in Overpayment Recovery Rate—20 CFR 404.502, 404.506–404.512, 416.550– 416.558, 416.570–416.571—0960–0037. When Social Security beneficiaries and Supplemental Security Income (SSI) recipients receive an overpayment, they must return the extra money. These beneficiaries and recipients can use Form SSA–632–BK, Request for Waiver of Overpayment Recovery, to request a waiver from repaying their overpayment. Beneficiaries and recipients can also use Form SSA–634, Request for Change in Overpayment Recovery, to request a change to the monthly recovery rate of their overpayment. The respondents must provide financial information to help the agency determine how much the overpaid person can afford to repay each month. The respondents are individuals who are overpaid Social Security or SSI payments who are requesting: (1) A waiver of recovery of an overpayment, or (2) a lesser rate of withholding. Type of Request: Revision of an OMBapproved information collection. Average theoretical hourly cost amount (dollars) * Average wait time in field office or for teleservice centers (minutes) ** Total annual opportunity cost (dollars) *** SSA–632—Request for Waiver of Overpayment Recovery (If completing entire paper form, including the AFI authorization) ........................................... SSA–634—Request for Change in Overpayment Recovery Rate (Completing paper form) .......................................... 400,000 1 120 800,000 * $10.95 ** 21 *** $10,293,000 100,000 1 45 75,000 * 10.95 ** 21 *** 1,204,500 Totals ............................................... 500,000 ........................ ........................ 875,000 ........................ ........................ *** 11,497,500 * We based this figure on the average DI payments based on SSA’s current FY 2021 data (https://www.ssa.gov/legislation/2021FactSheet.pdf). ** We based this figure on averaging both the average FY 2021 wait times for field offices and teleservice centers, based on SSA’s current management information data. *** This figure does not represent actual costs that SSA is imposing on recipients of Social Security payments to complete this application; rather, these are theoretical opportunity costs for the additional time respondents will spend to complete the application. There is no actual charge to respondents to complete the application. 2. Statement of Claimant or Other Person—20 CFR 404.702 & 416.570— 0960–0045. SSA uses Form SSA–795, Statement of Claimant or Other Person, in special situations where there is no authorized form or questionnaire, yet we require a signed statement from the applicant, claimant, or other individuals who have knowledge of facts, in connection with claims for Social VerDate Sep<11>2014 22:39 Oct 25, 2021 Jkt 256001 Security benefits or SSI. The information we request on the SSA–795 is of sufficient importance that we need both a signed statement and a penalty clause. SSA uses this information to process, in addition to claims for benefits, issues about continuing eligibility; ongoing benefit amounts; use of funds by a representative payee; fraud investigation; and a myriad of other PO 00000 Frm 00151 Fmt 4703 Sfmt 4703 program-related matters. The most common respondents are applicants for Social Security, SSI, or recipients of these programs. However, respondents also include friends and relatives of the involved parties, coworkers, neighbors, or anyone else in a position to provide information pertinent to the issue(s). Type of Request: Revision of an OMBapproved information collection. E:\FR\FM\26OCN1.SGM 26OCN1

Agencies

[Federal Register Volume 86, Number 204 (Tuesday, October 26, 2021)]
[Notices]
[Pages 59261-59262]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23305]


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SMALL BUSINESS ADMINISTRATION

[Disaster Declaration #17147 and #17148; New York Disaster Number NY-
00208]


Presidential Declaration Amendment of a Major Disaster for the 
State of New York

AGENCY: U.S. Small Business Administration.

ACTION: Amendment 4.

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SUMMARY: This is an amendment of the Presidential declaration of a 
major disaster for the State of New York (FEMA-4615-DR), dated 09/05/
2021.
    Incident: Remnants of Hurricane Ida.
    Incident Period: 09/01/2021 through 09/03/2021.

DATES: Issued on 10/20/2021.
    Physical Loan Application Deadline Date: 11/04/2021.
    Economic Injury (EIDL) Loan Application Deadline Date: 06/06/2022.

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: The notice of the President's major disaster 
declaration for the State of NEW YORK,

[[Page 59262]]

dated 09/05/2021, is hereby amended to include the following areas as 
adversely affected by the disaster:

Primary Counties (Physical Damage and Economic Injury Loans): Dutchess.
Contiguous Counties (Economic Injury Loans Only):
    New York: Columbia, Ulster.
    Connecticut: Litchfield.
    Massachusetts: Berkshire.

    All other information in the original declaration remains 
unchanged.

(Catalog of Federal Domestic Assistance Number 59008)

James Rivera,
Associate Administrator for Disaster Assistance.
[FR Doc. 2021-23305 Filed 10-25-21; 8:45 am]
BILLING CODE 8026-03-P
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