Federal Register / Vol. 77, No. 58 / Monday, March 26, 2012 / Notices 17557 

11 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 66309 

(February 2, 2012), 77 FR 6615. 

4Rule G–14 RTRS Procedures are included in the 

text of MSRB Rule G–14, and the RTRS Users 

Manual is available on the MSRB Web site at 

www.msrb.org. The RTRS Users Manual will be 

revised as necessary to reflect the changes made by 

the proposed rule change. 

change is consistent with the Exchange 

Act. Comments may be submitted by 

any of the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rulecomments@sec.gov. Please include File 

Number SR–MSRB–2012–04 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–MSRB–2012–04. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Web site (http://www.sec.gov/rules/ 

sro.shtml). Copies of the submission, all 

subsequent amendments, all written 

statements with respect to the proposed 

rule change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of such filing 

also will be available for inspection and 

copying at the MSRB’s offices. All 

comments received will be posted 

without change; the 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–MSRB–2012–04 and should 

be submitted on or before April 16, 

2012. 

For the Commission, by the Division 

of Trading and Markets, pursuant to 

delegated authority.11

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–7133 Filed 3–23–12; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–66622, File No. SR–MSRB– 

2012–01] 

Self-Regulatory Organizations; 

Municipal Securities Rulemaking 

Board; Order Granting Approval of 

Amendments to Rule G–14, on Reports 

of Sales or Purchases, Including the 

Rule G–14 RTRS Procedures, and 

Amendments to the Real-Time 

Transaction Reporting System 

March 20, 2012. 

I. Introduction 

On January 20, 2012, the Municipal 

Securities Rulemaking Board (‘‘MSRB’’) 

filed with the Securities and Exchange 

Commission (‘‘SEC’’ or ‘‘Commission’’), 

pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’),1 and Rule 19b–4 

thereunder,2 a proposed rule change 

consisting of amendments to Rule G–14, 

Reports of Sales or Purchases, including 

the Rule G–14 RTRS Procedures, and 

amendments to the Real-Time 

Transaction Reporting System. The 

proposed rule change was published for 

comment in the Federal Register on 

February 8, 2012.3 The Commission 

received no comments on the proposed 

rule change. This order approves the 

proposed rule change. 

II. Background and Description of 

Proposal 

The proposed rule change consists of 

amendments to Rule G–14, Reports of 

Sales or Purchases, including the Rule 

G–14 RTRS Procedures, and 

amendments to the Real-Time 

Transaction Reporting System (‘‘RTRS’’) 

information system and subscription 

service (the ‘‘RTRS Facility’’; 

collectively, ‘‘proposed rule change’’). 

The proposed changes to Rule G–14 

would remove certain outdated 

information. The proposed changes to 

the RTRS Facility would (A) remove 

certain outdated information and amend 

certain definitions to reflect current 

system operating hours and business 

days; (B) add an RTRS-calculated yield 

to the information disseminated for 

inter-dealer transactions; (C) remove 

certain infrequently used data reporting 

requirements; (D) require dealers to 

submit dollar prices for certain trades; 

and (E) reduce the number of customer 

trades suppressed from dissemination 

because of potentially erroneous price/ 

yield calculations. The MSRB proposes 

that the proposed rule change be 

implemented in three phases, as further 

described herein. 

Amendments to Rule G–14, on 

Reports of Sales or Purchases, and Rule 

G–14 RTRS Procedures. MSRB Rule G– 

14 requires brokers, dealers, and 

municipal securities dealers 

(collectively, ‘‘dealers’’) to report certain 

information about each purchase and 

sale transaction effected in municipal 

securities to RTRS. Such transaction 

information is made available to the 

public, the SEC, the Financial Industry 

Regulatory Authority (‘‘FINRA’’) and 

certain federal bank regulatory agencies 

to assist in the inspection for 

compliance with and enforcement of 

MSRB rules. The reporting requirements 

are further outlined in Rule G–14 RTRS 

Procedures and the RTRS Users 

Manual.4

The proposed rule change would 

amend Rule G–14 and the Rule G–14 

RTRS Procedures to update certain 

references (such as references to the 

National Association of Securities 

Dealers, the predecessor of FINRA); 

eliminate certain provisions that are no 

longer relevant (such as provisions 

relating to testing during the original 

RTRS start-up period) or that, by their 

original terms, have expired; and 

conform terms in certain definitions. 

Amendments to the RTRS Facility. 

The RTRS Facility provides for the 

collection and dissemination of 

information about transactions 

occurring in the municipal securities 

market, and requires dealers to submit 

information about each purchase and 

sale transaction effected in municipal 

securities. The proposed rule change 

would (A) remove certain outdated 

information and reporting requirements 

and amend certain definitions to reflect 

current system operating hours and 

business days; (B) modify RTRS 

specifications to perform certain yield 

calculations for inter-dealer 

transactions; (C) remove certain 

infrequently used data reporting 

requirements; (D) require dealers to 

submit dollar prices for certain trades; 

and (E) modify RTRS specifications to 

reduce the number of trades suppressed 

from dissemination because of 

erroneous price and yield calculations. 

Remove certain outdated information 

and conform definitions to reflect 

current system operating hours and 

business days. The proposed rule 


tkelley on DSK3SPTVN1PROD with NOTICES
17558 Federal Register / Vol. 77, No. 58 / Monday, March 26, 2012 / Notices 

5 Dollar price and yield on customer transactions 

are required to be computed in the same manner 

as required under MSRB Rule G–15(a), on customer 

confirmations. Accordingly, from the transaction 

dollar price, dealers report yield calculated to the 

lower of an in-whole call feature or maturity. 

6For transactions in new issue securities traded 

on a when, as and if issued basis prior to the closing 

date being known, dealers only report a dollar price 

or yield since a final money and accrued interest 

calculation cannot be performed. 

7 In addition to calculating and disseminating 

yield for future inter-dealer transactions, 

amendments to RTRS specifications would 

calculate and disseminate yields for historical interdealer transactions in RTRS to the extent that such 

calculations can be accurately performed. 

8Since the RTRS subscription service already 

includes a field for yield, no significant system 

changes should be necessary for existing RTRS 

subscribers to receive yields on inter-dealer 

transactions. 

9For example, if an issuer has prepaid 50% of the 

principal on a $1,000 denominated security, each 

bond would cost $500 so a transaction of 10 bonds 

at ‘‘par’’ would be reported with a par value of 

$10,000 and final money of $5,000 resulting in an 

RTRS-computed dollar price of $50. This anomaly 

only occurs on inter-dealer transactions since 

customer transactions are reported with a dollar 

price and yield. In this example, the dollar price on 

a customer transaction in this security would be 

reported as $100, or 100% of the principal amount. 

change would remove references 

throughout the text of the RTRS Facility 

to prior amendments to Rule G–14, to 

certain testing requirements and to the 

implementation plan relevant to the 

initial phases of the RTRS system; 

update current hours of operation; 

conform certain definitions to reflect 

such change; and make non-substantive 

revisions to the language of certain 

portions of the RTRS Facility to reflect 

the passage of time since its initial 

approval. 

Yields on inter-dealer transactions. 

Inter-dealer transaction reporting is 

accomplished by both the purchasing 

and selling dealers submitting 

information about the transaction to the 

DTCC’s real-time trade matching system 

(‘‘RTTM’’). Information submitted to 

RTTM is forwarded to RTRS for trade 

reporting. For most inter-dealer 

transactions, dealers report final money, 

par amount and accrued interest to 

RTTM—as opposed to a dollar price and 

yield 5 as is done for customer trades— 

and RTRS computes a dollar price from 

these values for inter-dealer transaction 

price dissemination.6 Currently, RTRS 

does not compute a corresponding yield 

from the RTRS-computed dollar price 

for dissemination, resulting in a 

disparity between what is disseminated 

for inter-dealer and customer 

transactions. 

To facilitate yield-based comparisons 

of transaction data across securities, the 

proposed rule change would cause 

RTRS to be reprogrammed to perform 

this calculation so that a yield for most 

inter-dealer transactions would be 

added to the information disseminated 

from RTRS, thereby improving the 

usefulness of the inter-dealer data 

disseminated to subscribers and 

displayed on the MSRB’s Electronic 

Municipal Market Access (EMMA®) 

Web site.7 Since EMMA® is a subscriber 

to the RTRS real-time subscription 

service, the yield disseminated for interdealer transactions also would be 

displayed on EMMA® in the same 

manner as it would be provided to 

RTRS subscribers.8 This amendment to 

the RTRS Facility is reflected in the 

changes under the heading ‘‘Price 

Dissemination by RTRS—List of 

Information Items to be Disseminated’’ 

and ‘‘MSRB Real-Time Transaction Data 

Subscription Service—Description— 

Transaction Data Disseminated—Yield 

(if applicable),’’ and conforming 

changes to the RTRS Users Manual will 

be made. 

Transaction reporting requirements. 

MSRB rules on transaction reporting 

contain two requirements that were 

included in the original design for RTRS 

in 2005 to provide additional details 

about certain transactions for use in 

market surveillance. These requirements 

have applied to few transactions, yet 

continue to generate questions from 

dealers, and have provided only limited 

value for use in market surveillance. 

The proposed rule change would revise 

the RTRS specifications to remove these 

requirements. 

The first of these two requirements 

relates to inter-dealer transactions and 

requires the identity of an ‘‘intermediate 

dealer,’’ or correspondent of a clearing 

broker that passes data to the clearing 

broker about transactions effected by a 

third dealer (‘‘effecting dealer’’), to be 

included on applicable trade reports. 

One of the original purposes of having 

the intermediate dealer included in a 

trade report was to assist market 

surveillance staff by having an 

additional dealer associated with a 

transaction reported in the event that 

the effecting dealer’s identity was 

erroneously reported. However, few 

transaction reports contain such an 

intermediate dealer and, since the 

November 2009 enhancement to 

transaction reporting to add the 

effecting broker to the matching criteria 

in RTTM, the identity of the effecting 

dealer is rarely, if ever, erroneous. The 

proposed rule change would delete the 

requirement for dealers to identify the 

intermediate dealer. This amendment to 

the RTRS Facility is reflected by the 

deletion of the penultimate paragraph 

under the heading ‘‘RTRS Facility— 

Enhancement of Information Available 

to Regulators,’’ and conforming changes 

to the RTRS Users Manual will be made. 

The second requirement applies to 

any transaction effected at a price that 

substantially differs from the market 

price as a result of the parties to the 

transaction agreeing to significantly 

deviate from a normal settlement cycle. 

For such transactions, dealers are 

required to include an identifier on the 

trade report that allows the trade report 

to be entered into the RTRS audit trail 

yet suppressed from price 

dissemination. Since a small number of 

transactions are reported with this 

identifier, for example only .01% of 

trade reports were identified with this 

indicator in August 2011, these 

transactions could be reported using the 

generic ‘‘away from market’’ indicator 

used for reporting any transaction at a 

price that differs from the current 

market price for the security to simplify 

transaction reporting requirements. 

Thus, concurrently with the elimination 

of the intermediate dealer reporting 

requirement, the RTRS Users Manual 

would be revised to delete the ‘‘away 

from market—extraordinary settlement’’ 

special condition indicator from RTRS 

and require that such transactions be 

reported using the generic ‘‘away from 

market’’ indicator. 

Reporting dollar price for all interdealer transactions. RTRS currently 

computes a dollar price for inter-dealer 

transactions using the final money, par 

amount and accrued interest submitted 

to DTCC. Since the information reported 

for inter-dealer transactions also is used 

by DTCC for purposes of clearance and 

settlement, DTCC procedures require 

dealers to report par value as an 

expression of the number of bonds 

traded as opposed to the actual par 

amount traded. If the par value of a 

security is no longer a $1,000 multiple 

because, for example, the issuer has 

prepaid a portion of the principal on a 

security on a pro rata basis, dealers 

continue to report for inter-dealer 

transactions par value expressed as the 

number of bonds (i.e. ten bonds would 

be reported as $10,000 par value). 

Transactions between dealers in this 

security would result in erroneous 

RTRS-calculated dollar prices since the 

final money reported by the dealers 

would be based on a transaction in a 

security for which each bond costs less 

than $1,000.9

Since MSRB transaction reporting for 

inter-dealer transactions began in 1994, 

a very small portion of inter-dealer 

transactions have been in securities 

with a non-standard $1,000 par 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 58 / Monday, March 26, 2012 / Notices 17559 

10Historically, this problem primarily has been 

limited to transactions in certain municipal 

collateralized mortgage obligations. 

11For data quality purposes, RTRS would 

compare the buy and sell-side contractual dollar 

prices and return errors to dealers in the event of 

a material difference between the two reported 

dollar prices and continue to calculate a dollar 

price from the reported final money, par value and 

accrued interest. Since the dealer reported dollar 

price would not be used for clearance or settlement 

at DTCC, this data field would be able to be 

modified in RTRS by dealers to correct errors, even 

after trade matching had occurred. In the event that 

the dollar prices disagree between dealers, RTRS 

would disseminate the RTRS-calculated dollar price 

and if the dealer reported dollar prices agree yet 

differ from the RTRS-calculated dollar price (which 

would occur if the security par value is no longer 

a $1,000 multiple) RTRS would disseminate the 

dealer reported dollar price. 

12 In these cases, there is no action the dealer can 

take to disseminate the trade report and, to ensure 

the integrity of RTRS, the MSRB does not manually 

manipulate trade data or security descriptive 

information to cause the trade to meet the criteria 

of the error code. 

13 In approving this proposed rule change, the 

Commission notes that it has considered the 

proposed rule’s impact on efficiency, competition 

and capital formation. 15 U.S.C. 78c(f). 14 15 U.S.C. 78o–4(b)(2)(C). 

multiple.10 However, primarily since 

many Build America Bonds issued in 

recent years included partial call 

features with a pro-rata redemption 

provision, there is a likelihood that 

many more securities may contain par 

values that are no longer $1,000 

multiples. In addition, there have been 

press reports that more securities may 

be issued in nontraditional 

denominations, such as securities 

issued in $25 par amounts similar to 

preferred stock and other ‘‘mini bonds’’ 

with sub-$1,000 principal values. 

To ensure that the dollar price 

disseminated for inter-dealer 

transactions remains accurate and to 

minimize the impact on dealer 

operations as well as the clearance and 

settlement use of the data submitted to 

DTCC, the MSRB proposes to require 

dealers to report—in addition to the 

information currently reported for interdealer transactions—the contractual 

dollar price at which the transaction 

was executed.11 This amendment to the 

RTRS Facility is reflected in the changes 

under the heading ‘‘MSRB Real-Time 

Transaction Data Subscription Service— 

Description—Transaction Data 

Disseminated—Dollar Price,’’ and 

conforming changes to the RTRS Users 

Manual will be made. 

Increase dissemination of customer 

transactions. As described above, dealer 

reports of customer transactions include 

both a dollar price and yield. Depending 

on whether the transaction was 

executed on the basis of a dollar price 

or yield, a corresponding value must be 

computed and reported to RTRS by the 

dealer consistent with the customer 

confirmation requirements so that the 

corresponding value reflects a value to 

the lower of an in-whole call feature or 

maturity. RTRS also computes the dollar 

price from the reported yield on 

customer transactions using security 

descriptive information from the RTRS 

security master as a data quality check 

to ensure that the reported information 

is accurate. Currently, this data quality 

check returns an error to dealers and 

suppresses the transaction from being 

disseminated in the event that the dollar 

price computed by RTRS does not 

exactly match the dollar price reported 

by the dealer. Dealers receiving this 

error are required to review the 

information reported and, if incorrect, 

modify the transaction information in 

RTRS. However, in some cases, dealers 

submit correct information yet RTRS 

computes an erroneous dollar price as a 

result of an error in the security 

descriptive information used by 

RTRS.12

In 2010, of those trades receiving this 

error, over 75% of the reported dollar 

prices disagreed with the RTRScalculated dollar price by less than one 

dollar. To increase the number of 

customer transactions disseminated, the 

proposed rule change would cause 

RTRS to be reprogrammed to adjust the 

tolerance of the error code so that the 

error would continue to be returned to 

dealers for customer transactions where 

the reported dollar price disagrees with 

the RTRS calculated price but allow the 

trade report to be disseminated so long 

as the dealer and RTRS-calculated 

dollar prices are within $1 of each other. 

Further, since the disseminated dollar 

price would be unable to be exactly 

verified, RTRS would also be 

programmed to include with the 

disseminated trade report an indicator 

that the dollar price of these trades was 

unable to be verified. Thus, 

concurrently with the amendment to 

require dollar price reporting for all 

inter-dealer transactions, the RTRS 

Users Manual would be revised to 

reflect these changes in programming. 

Phased Effective Dates of Proposed 

Rule Change. The MSRB proposes that 

the proposed rule change be 

implemented in three phases. Those 

changes to Rule G–14, the Rule G–14 

RTRS Procedures, and the RTRS Facility 

removing outdated provisions and 

amending certain definitions, as 

described above under the caption 

‘‘Amendments to the RTRS Facility— 

Remove certain outdated information 

and conform definitions to reflect 

current system operating hours and 

business days’’, would be made effective 

upon approval by the SEC. Those 

changes to the RTRS Facility not 

requiring dealers to perform significant 

system changes, as described above 

under the captions ‘‘Amendments to the 

RTRS Facility—Yields on inter-dealer 

transactions’’ and ‘‘Amendments to the 

RTRS Facility—Transaction reporting 

requirements’’, would be made effective 

on April 30, 2012. Those changes to the 

RTRS Facility requiring dealers and 

subscribers to the RTRS subscription 

service to make significant system 

changes, as described above under the 

captions ‘‘Amendments to the RTRS 

Facility—Reporting dollar price for all 

inter-dealer transactions’’ and 

‘‘Amendments to the RTRS Facility— 

Increase dissemination of customer 

transactions’’, would be made effective 

on a date to be announced by the MSRB 

in a notice published on the MSRB Web 

site, which date shall be no later than 

November 30, 2012 and shall be 

announced no later than 30 days prior 

to the effective date thereof. 

III. Discussion and Commission 

Findings 

The Commission has carefully 

considered the proposed rule change 

and finds that the proposed rule change 

is consistent with the requirements of 

the Exchange Act and the rules and 

regulations thereunder applicable to the 

MSRB.13 In particular, the proposed rule 

change is consistent with Section 

15B(b)(2)(C) of the Exchange Act, which 

provides that the MSRB’s rules shall be 

designed to prevent fraudulent and 

manipulative acts and practices, to 

promote just and equitable principles of 

trade, to foster cooperation and 

coordination with persons engaged in 

regulating, clearing, settling, processing 

information with respect to, and 

facilitating transactions in municipal 

securities and municipal financial 

products, to remove impediments to and 

perfect the mechanism of a free and 

open market in municipal securities and 

municipal financial products, and, in 

general, to protect investors, municipal 

entities, obligated persons, and the 

public interest.14

The Commission believes that the 

proposed rule change is consistent with 

the Exchange Act because the proposed 

rule change would remove impediments 

to and perfect the mechanism of a free 

and open market in municipal securities 

by improving trade reporting and 

market transparency. The proposed rule 

change would facilitate comparison of 

trade data across securities and within 

data for a security, thereby contributing 

to fairer pricing, improve the reliability 

and accuracy of price information 

disseminated for inter-dealer 


tkelley on DSK3SPTVN1PROD with NOTICES
17560 Federal Register / Vol. 77, No. 58 / Monday, March 26, 2012 / Notices 

15 15 U.S.C. 78s(b)(2). 

16 17 CFR 200.30–3(a)(12). 

transactions, and increase the number of 

customer transactions disseminated to 

the market. The Commission believes 

that these changes would contribute to 

the MSRB’s continuing efforts to 

improve market transparency and to 

protect investors and the public interest. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Exchange Act,15

that the proposed rule change (SR– 

MSRB–2012–01) be, and it hereby is, 

approved. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.16

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–7132 Filed 3–23–12; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #13041 and #13042] 

Missouri Disaster #MO–00057 

AGENCY: Small Business Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of Missouri dated 03/15/ 

2012. 

Incident: Severe Storms, Tornadoes, 

Hail, High Winds, Heavy Rain, and 

Flooding. 

Incident Period: 02/28/2012 through 

03/01/2012. 

DATES: Effective Date: 03/15/2012. 

Physical Loan Application Deadline 

Date: 05/14/2012. 

Economic Injury (Eidl) Loan 

Application Deadline Date: 12/17/2012. 

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: Dallas, Stone, Taney. 

Contiguous Counties: 

Missouri: Barry, Camden, Christian, 

Douglas, Greene, Hickory, Laclede, 

Lawrence, Ozark, Polk, Webster. 

Arkansas: Boone, Carroll, Marion. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners with Credit Available Elsewhere ...................... 3.750 

Homeowners without Credit 

Available Elsewhere .............. 1.875 

Businesses with Credit Available Elsewhere ...................... 6.000 

Businesses without Credit 

Available Elsewhere .............. 4.000 

Non-profit Organizations with 

Credit Available Elsewhere ... 3.125 

Non-profit Organizations without 

Credit Available Elsewhere ... 3.000 

For Economic Injury: 

Businesses & Small Agricultural 

Cooperatives without Credit 

Available Elsewhere .............. 4.000 

Non-profit Organizations without 

Credit Available Elsewhere ... 3.000 

The number assigned to this disaster 

for physical damage is 13041B and for 

economic injury is 130420. 

The States which received an EIDL 

Declaration # are Missouri, Arkansas. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Dated: March 15, 2012. 

Karen G. Mills, 

Administrator. 

[FR Doc. 2012–7112 Filed 3–23–12; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #13050 and #13051] 

Kentucky Disaster #KY–00045 

AGENCY: Small Business Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the Commonwealth of Kentucky 

(FEMA–4057–DR), dated 03/16/2012. 

Incident: Severe Storms, Tornadoes, 

Straight-line Winds, and Flooding. 

Incident Period: 02/29/2012 through 

03/03/2012. 

DATES: Effective Date: 03/16/2012. 

Physical Loan Application Deadline 

Date: 05/15/2012. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 12/17/2012. 

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 

President’s major disaster declaration on 

03/16/2012, Private Non-Profit 

organizations that provide essential 

services of 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: Grant, Laurel, 

Lawrence, Magoffin, Martin, 

Menifee, Morgan. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Non-Profit Organizations With 

Credit Available Elsewhere ... 3.125 

Non-Profit Organizations Without Credit Available Elsewhere ..................................... 3.000 

For Economic Injury: 

Non-Profit Organizations Without Credit Available Elsewhere ..................................... 3.000 

The number assigned to this disaster 

for physical damage is 13050C and for 

economic injury is 13051C. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

James E. Rivera, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2012–7109 Filed 3–23–12; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #13048 and #13049] 

Tennessee Disaster #TN–00063 

AGENCY: Small Business Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for the State of Tennessee 

(FEMA–4060–DR), dated 03/16/2012. 

Incident: Severe Storms, Tornadoes, 

Straight-line Winds, and Flooding. 

Incident Period: 02/29/2012 through 

03/02/2012. 

DATES: Effective Date: 03/16/2012. 

Physical Loan Application Deadline 

Date: 05/15/2012. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 12/17/2012. 


tkelley on DSK3SPTVN1PROD with NOTICES