79324 Federal Register / Vol. 89, No. 188 / Friday, September 27, 2024 / Notices 

11See id. 

12 15 U.S.C. 78s(b)(3)(A)(ii). 

13 17 CFR 240.19b–4. 

14 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

Intra-Market Competition 

The Exchange believes the proposal to 

pass through the cost of any materials 

that are necessary for the Exchange’s onsite engineers to complete the requested 

technical support will not result in any 

burden on intra-market competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act 

because the Exchange will only passthrough the actual costs it is charged by 

third-party external vendors for such 

materials. At least one competing 

options exchange group similarly passes 

along charges assessed to those 

exchanges by third-party external 

vendors supplying materials on behalf 

of that exchange group’s customers.11

Additionally, the pass through of 

costs for materials will be assessed 

equally to all Equity Members and nonMembers who request technical support 

that requires the Exchange to purchase 

materials to complete the requested 

support. The Exchange notes that Equity 

Members and non-Members are not 

required to use the service. The 

Exchange offers this service as a 

convenience to all Equity Members and 

non-Members. The Exchange believes 

the proposal will not impose any 

burden on intra-market competition 

because it will permit both Equity 

Members and non-Members to request 

the use of the Exchange’s on-site data 

center personnel as technical support 

and as a convenience in order to test or 

otherwise assess the user’s connectivity 

to the Exchange via its data centers. 

Inter-Market Competition 

The Exchange believes that the 

proposed changes will not result in any 

burden on inter-market competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act. 

As discussed above, market participants 

are not forced to connect to and trade 

on all exchanges. The Exchange believes 

that the proposed pass-through of costs 

for materials for technical support will 

not cause any burden on inter-market 

competition because none of these 

changes impact other exchanges’ ability 

to compete. 

Accordingly, the Exchange does not 

believe its proposed fee changes impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments were neither 

solicited nor received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Pursuant to Section 19(b)(3)(A)(ii) of 

the Act,12 and Rule 19b–4(f)(2) 

thereunder 13 the Exchange has 

designated this proposal as establishing 

or changing a due, fee, or other charge 

imposed on any person, whether or not 

the person is a member of the selfregulatory organization, which renders 

the proposed rule change effective upon 

filing. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

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

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

PEARL–2024–43 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to file 

number SR–PEARL–2024–43. 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 

internet website (https://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 website 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 the filing 

also will be available for inspection and 

copying at the principal office of the 

Exchange. Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–PEARL–2024–43 and should be 

submitted on or before October 18, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.14

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–22129 Filed 9–26–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101131; File No. SR– 

NSCC–2024–008] 

Self-Regulatory Organizations; 

National Securities Clearing 

Corporation; Notice of Filing of 

Proposed Rule Change To 

Decommission the ID Net Service 

September 23, 2024. 

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

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2

notice is hereby given that on 

September 12, 2024, National Securities 

Clearing Corporation (‘‘NSCC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I, II and III below, which Items 

have been prepared by the clearing 

agency. The Commission is publishing 

this notice to solicit comments on the 

proposed rule change from interested 

persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

The proposed rule change consists of 

amendments to the NSCC Rules & 

Procedures (‘‘Rules’’) to decommission 

the ID Net service (‘‘ID Net Service’’ or 


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3Capitalized terms not defined herein shall have 

the meaning assigned to such terms in the Rules, 

available at www.dtcc.com/legal/rules-andprocedures.aspx. 

4 DTC also filed a proposed rule change with the 

Commission in connection with the retirement of 

the ID Net Service. See DTC filing SR–DTC–2024– 

010. 

5See NSCC Rule 11 (describing the CNS System) 

and Procedure VII (describing the CNS Accounting 

Operation), supra note 3. 

6An institutional transaction is one between a 

broker/dealer and its institutional customer. Such 

institutional customers are not Participants of DTC. 

Therefore, the counterparties on an Affirmed 

Transaction submitted by a Matching Utility to DTC 

are a (i) DTC Participant, acting as clearing broker 

to the Affirmed Transaction and (ii) DTC 

Participant bank, acting as the custodian for an 

institutional customer. 

7The Matching Utility must be (i) a clearing 

agency registered with the Commission (ii) an entity 

that has obtained an exemption from such 

registration from the Commission, or (iii) a 

‘‘qualified vendor’’ for trade confirmation/ 

affirmation services as defined by the rules of a selfregulatory organization. See DTC Settlement 

Service Guide at 38, available at www.dtcc.com/-/ 

media/Files/Downloads/legal/service-guides/ 

Settlement.pdf. DTCC ITP Matching (US) LLC 

(‘‘ITP’’), an NSCC and DTC affiliate, is currently the 

only Matching Utility that submits Affirmed 

Transactions to DTC. 

8See DTC Settlement Service Guide, supra note 

7 at 40–41. 

9This complexity includes (i) special eligibility 

checks versus the ID Net eligibility criteria 

described above and (ii) leveraging of the abovementioned omnibus accounts to simultaneously 

allow (a) a bank to process ID Net-eligible 

transactions on a trade-for-trade basis and (b) the 

broker/dealer side of an ID Net-eligible transaction 

to settle CNS. 

10 In 2021, NSCC adopted a proposed rule change 

to remove transactions processed through the ID 

Net Service from the calculation of Members’ 

Required Deposits to the Clearing Fund. See 

Securities Exchange Act Release No. 93070 (Sep. 

20, 2021), 86 FR 53125 (Sep. 24, 2021) (SR–NSCC– 

2021–011). 

‘‘ID Net’’), as described in greater detail 

below.3

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, the 

clearing agency included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

clearing agency has prepared 

summaries, set forth in sections A, B, 

and C below, of the most significant 

aspects of such statements. 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

1. Purpose 

The purpose of this proposed rule 

change is to amend the NSCC Rules to 

permit NSCC to decommission the ID 

Net Service, a joint service of NSCC and 

its affiliate, The Depository Trust 

Company (‘‘DTC’’). The proposed rule 

change is discussed in detail below. 

(i) Background 

The ID Net Service is a joint service 

offering of NSCC and DTC that allows 

broker/dealer users to net their affirmed 

institutional equity trades with other 

trades that they may have in NSCC’s 

Continuous Net Settlement system 

(‘‘CNS’’).4 CNS is NSCC’s system for 

accounting and settling CNS-eligible 

securities.5 To be CNS-eligible, a 

security must be eligible for book-entry 

transfer on the books of DTC and must 

be capable of being processed in the 

CNS system. All eligible compared and 

recorded transactions for a particular 

settlement date are netted by issue into 

one net long (buy), net short (sell) or flat 

position for each Member. As a 

continuous net system, those positions 

are further netted with positions of the 

same issue that remain open after their 

originally scheduled settlement date. 

NSCC, as central counterparty, becomes 

the contra-party for settlement purposes, 

assuming the obligation of its Members 

that are receiving securities to receive 

and pay for those securities, and the 

obligation of Members that are 

delivering securities to make the 

delivery. CNS netting thus reduces the 

costs associated with securities transfers 

by reducing the number of securities 

movements required to settle 

transactions. ID Net is a voluntary 

service available to broker/dealers that 

are participants of both NSCC and DTC 

and banks that are participants of DTC. 

DTC may accept affirmed institutional 

transactions 6 (‘‘Affirmed Transactions’’) 

from a matching utility (‘‘Matching 

Utility’’).7 An Affirmed Transaction 

submitted to DTC is processed on a 

trade-for-trade basis at DTC, unless it is 

designated for ID Net processing by the 

Matching Utility and meets certain 

eligibility requirements, as described 

below. 

In order for an Affirmed Transaction 

to be eligible for processing in ID Net, 

(i) both counterparties to the Affirmed 

Transaction must be a Member of NSCC 

and a Participant of DTC, or a bank that 

is a Participant of DTC, that has 

subscribed to ID Net and (ii) the 

transaction must be (a) in a security 

eligible for processing through CNS and 

(b) affirmed within established 

timeframes set forth in the DTC 

Settlement Service Guide.8

If an Affirmed Transaction is 

designated for ID Net and meets the 

eligibility criteria described above, then 

DTC will direct the transaction to ID 

Net, which facilitates the netting of a 

broker/dealer’s side of an Affirmed 

Transaction with that broker/dealer’s 

CNS activity, via omnibus accounts, that 

are maintained by NSCC at DTC and 

designated for ID Net activity. If a bank 

is a counterparty to the ID Net-eligible 

Affirmed Transaction, then it will either 

receive or deliver the subject shares 

versus payment, on a trade-for-trade 

basis, via the ID Net omnibus accounts. 

While ID Net was designed to allow 

broker/dealers to realize the benefit of 

netting for Affirmed Transactions by 

allowing the broker/dealer to net its ID 

Net-eligible Affirmed Transactions with 

its transactions in CNS, banks using ID 

Net settle ID Net transactions on a tradefor-trade basis as they would for other 

Affirmed Transactions, as described 

above. In this regard, ID Net’s main 

benefit is to streamline clearance and 

settlement of ID Net-eligible Affirmed 

Transactions for broker/dealers. 

The ID Net Service is primarily 

described in NSCC Rule 65 and 

Procedure XVI of the Rules. 

(ii) Proposed Changes to the Rules 

NSCC and DTC continually evaluate 

the efficiency and effectiveness of the 

services they each provide. As part of 

these evaluations, and in furtherance of 

their ongoing modernization efforts, 

NSCC and DTC are seeking to 

streamline and simplify their services 

and processes, including through the 

elimination of underutilized services. 

NSCC and DTC have identified ID Net 

as an underused service that may be 

eliminated as part of these 

modernization efforts. They each 

propose to retire the ID Net Service due 

to a number of factors, which include: 

(i) limited uptake and usage of the 

service since its adoption; (ii) the 

operational complexity of maintaining 

the service, which also connects with 

and impacts other core clearance and 

settlement processes; 9 and (iii) the prior 

elimination of the NSCC Clearing Fund 

offset for ID Net transactions.10

To implement the proposed change, 

NSCC would remove Rule 65 and 

Procedure XVI from the Rules and make 

other conforming changes throughout 

the Rules to reflect the retirement of the 

service. The ID Net Service is primarily 

described in NSCC Rule 65 and 

Procedure XVI, and these rules would 

no longer be necessary or relevant upon 

the retirement of the ID Net Service. As 

a result, Rule 65 and Procedure XVI 

would be deleted in their entirety and 

would be reserved for future use by 

NSCC. 


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79326 Federal Register / Vol. 89, No. 188 / Friday, September 27, 2024 / Notices 

11Active users of the ID Net service constitute 

less than 10% of NSCC’s full-service Members. 

NSCC believes that ID Net usage has been limited 

since its implementation in 2008 because, in part, 

the service needs both parties to an ID Net 

transaction to be subscribers of ID Net, as described 

above, which is not always the case. 

12See NSCC Rule 65, Section 5(c), supra note 3. 

13See supra note 10. 

14 15 U.S.C. 78q–1(b)(3)(F). 

15 Id. 

16 15 U.S.C. 78q–1(b)(3)(I). 

17See supra notes 10 and 12. 

NSCC would also remove associated 

defined terms ‘‘Eligible ID Net Security’’ 

and ‘‘ID Net Subscriber’’ from Rule 1 

and remove a reference to ID Net 

transactions from the definition of ‘‘Net 

Unsettled Position’’ in Rule 1. In 

addition, NSCC would remove Section 

1(f) of Rule 3, concerning certain lists 

required to be maintained by NSCC, to 

reflect that NSCC would no longer be 

required to maintain a list of Eligible ID 

Net Securities and would make a 

conforming change to renumber existing 

Section 1(g) of Rule 3 to Section 1(f). 

NSCC would also remove Section 

2(a)(vii) of Rule 18, which concerns 

procedures for when NSCC ceases to act 

for a Member, to reflect that 

uncompleted ID Net Service 

transactions would no longer be 

considered for purposes of determining 

excluded transactions in a cease to act 

scenario. 

Additionally, NSCC would modify 

Procedure VII, concerning its CNS 

Accounting Operation, to remove 

various references to the ID Net Service 

and ID Net transactions. Specifically, 

NSCC would revise the Introduction in 

Section A to remove a reference to 

Eligible ID Net Securities being 

included in CNS Securities for purpose 

of Procedure VII. NSCC would also 

modify Section D.1., concerning the 

process for exemptions from deliveries, 

to remove a statement regarding the 

treatment of securities available in an 

agency account established at a 

Qualified Securities Depository for the 

processing of transactions through the 

ID Net Service. In addition, NSCC 

would modify Section E.4, concerning 

the allocation algorithm for CNS 

deliveries, to remove a statement 

regarding the treatment of long positions 

in a receiving ID Net Subscriber’s 

agency account established at a 

Qualified Securities Depository. NSCC 

would also delete Section H.5. of 

Procedure VII concerning the reporting 

of ID Net transactions on NSCC’s 

Miscellaneous Activity Report and make 

conforming changes to renumber 

subsequent rules in Section H. 

Finally, NSCC would update Section 

I.(A)(1)(b) of Procedure XV, concerning 

NSCC’s Clearing Fund calculations, to 

remove a reference to ID Net 

transactions from the Mark-to-Market 

component of the Clearing Fund 

formula. 

NSCC believes that the retirement of 

the ID Net Service would have minimal 

impact on its Members. Only 13 broker/ 

dealers and 20 banks are subscribed to 

the ID Net Service, and the service is not 

used by all of those broker/dealers and 

banks.11 Furthermore, Affirmed 

Transactions can simply settle trade-fortrade, directly between the 

counterparties, if not eligible for ID Net, 

like they do today. NSCC also notes that 

there would be minimal impact to risk 

management from both an NSCC and 

Member perspective given that the ID 

Net Service is a non-guaranteed service 

of NSCC12 and there is no longer a 

Clearing Fund offset for ID Net 

transactions.13

NSCC has performed direct outreach 

to Members that use the ID Net Service 

and has also announced its plans to 

decommission the ID Net Service 

through Important Notice. There have 

been no material objections or concerns 

raised by Members. 

Implementation Timeframe 

Subject to approval by the 

Commission, DTC and NSCC would 

implement the proposed rule change 

using a phased approach. First, DTC 

Participants and NSCC Members have 

been informed that they may be 

unsubscribed from ID Net voluntarily at 

any time prior to termination of the 

service on November 15, 2024. Second, 

upon approval of the proposed rule 

change by the Commission prior to 

November 15, 2024, any DTC 

Participants and NSCC Members that 

have been inactive in the service for at 

least the last twelve (12) months will be 

offboarded from the service. Finally, 

NSCC and DTC will continue to fully 

support ID Net processing for any 

remaining active users until November 

15, 2024, at which time the service will 

be fully retired. NSCC and DTC will 

work with their respective Members and 

Participants to support all required 

offboarding activities. 

2. Statutory Basis 

NSCC believes that the proposed rule 

change is consistent with the 

requirements of the Act and the rules 

and regulations thereunder applicable to 

a registered clearing agency. Section 

17A(b)(3)(F) of the Act 14 requires that 

the rules of a clearing agency be 

designed to, among other things, 

promote the prompt and accurate 

clearance and settlement of securities 

transactions. NSCC believes the 

proposed rule change is consistent with 

the requirements of Section 17A(b)(3)(F) 

of the Act for the reasons stated below. 

The proposed rule change would 

modify the NSCC Rules to 

decommission the ID Net Service 

because the service is hardly used yet 

challenging to maintain. As discussed 

above, NSCC believes that the 

retirement of the ID Net Service would 

have minimal impact on its Members, 

particularly given the limited usage of 

the service. Furthermore, Affirmed 

Transactions that would have otherwise 

been directed to ID Net can simply settle 

trade-for-trade, directly between the 

counterparties, like most other Affirmed 

Transactions do today. As a result, these 

transactions would continue to settle 

promptly and accurately, as other 

Affirmed Transactions do, outside of the 

ID Net Service. For these reasons, NSCC 

believes its Rules would continue to 

promote the prompt and accurate 

clearance and settlement of securities 

transactions in accordance with Section 

17A(b)(3)(F) of the Act.15

(B) Clearing Agency’s Statement on 

Burden on Competition 

Section 17A(b)(3)(I) of the Act 16

requires that the rules of the clearing 

agency do not impose any burden on 

competition not necessary or 

appropriate in furtherance of the Act. 

NSCC does not believe the proposed 

rule change would present a burden on 

competition. While there may be some 

operational impact to the small segment 

of Members using the ID Net Service, 

NSCC believes the operational impact to 

these Members and their clients would 

be minimal. While broker/dealer 

Members using the service may see 

some reduced netting benefit from 

eligible Affirmed Transactions being 

processed through CNS, NSCC does not 

believe the elimination of this service 

would rise to the level of a burden on 

Members given the limited usage of the 

service. Meanwhile, banks using ID Net 

would continue to process affected 

Affirmed Transactions trade-for-trade, 

albeit directly with their counterparties 

rather than the ID Net omnibus 

accounts, described above. Furthermore, 

NSCC notes that there would be no risk 

management impact for the proposed 

rule change given that the ID Net 

Service is a non-guaranteed service of 

NSCC and there is no Clearing Fund 

offset for ID Net transactions.17 NSCC 

therefore believes the proposed rule 

change would not present any burden 

on competition. 


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18 17 CFR 200.30–3(a)(12). 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants, or Others 

NSCC has not received or solicited 

any written comments relating to this 

proposal. If any written comments are 

received, they will be publicly filed as 

an Exhibit 2 to this filing, as required by 

Form 19b–4 and the General 

Instructions thereto. 

Persons submitting comments are 

cautioned that, according to Section IV 

(Solicitation of Comments) of the 

Exhibit 1A in the General Instructions to 

Form 19b–4, the Commission does not 

edit personal identifying information 

from comment submissions. 

Commenters should submit only 

information that they wish to make 

available publicly, including their 

name, email address, and any other 

identifying information. 

All prospective commenters should 

follow the Commission’s instructions on 

how to submit comments, available at 

www.sec.gov/regulatory-actions/how-tosubmit-comments. General questions 

regarding the rule filing process or 

logistical questions regarding this filing 

should be directed to the Main Office of 

the Commission’s Division of Trading 

and Markets at tradingandmarkets@

sec.gov or 202–551–5777. 

NSCC reserves the right not to 

respond to any comments received. 

III. Date of Effectiveness of the 

Proposed Rule Change, and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period 

up to 90 days (i) as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or (ii) as to which 

the self-regulatory organization 

consents, the Commission will: 

(A) by order approve or disapprove 

such proposed rule change, or 

(B) institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

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

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

NSCC–2024–008 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549. 

All submissions should refer to file 

number SR–NSCC–2024–008. 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 

internet website (https://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 website 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 the filing also 

will be available for inspection and 

copying at the principal office of NSCC 

and on DTCC’s website (www.dtcc.com/ 

legal/sec-rule-filings). Do not include 

personal identifiable information in 

submissions; you should submit only 

information that you wish to make 

available publicly. We may redact in 

part or withhold entirely from 

publication submitted material that is 

obscene or subject to copyright 

protection. All submissions should refer 

to File Number SR–NSCC–2024–008 

and should be submitted on or before 

October 18, 2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.18

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–22127 Filed 9–26–24; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20645 and #20646; 

LOUISIANA Disaster Number LA–20005] 

Presidential Declaration Amendment of 

a Major Disaster for the State of 

Louisiana 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 1. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of Louisiana 

(FEMA–4817–DR), dated September 16, 

2024. 

DATES: Issued on September 23, 2024. 

Physical Loan Application Deadline 

Date: November 18, 2024. 

Economic Injury (EIDL) Loan 

Application Deadline Date: June 16, 

2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, 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 Louisiana, 

dated September 16, 2024, is hereby 

amended to include the following areas 

as adversely affected by the disaster: 

Incident: Hurricane Francine. 

Incident Period: September 9, 2024 

through September 12, 2024. 

Primary Parishes (Physical Damage and 

Economic Injury Loans): 

Jefferson. 

Contiguous Parishes (Economic Injury 

Loans Only): 

Louisiana: Orleans, Plaquemines, St. 

Tammany. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Francisco Sa ́nchez, Jr., 

Associate Administrator, Office of Disaster 

Recovery & Resilience. 

[FR Doc. 2024–22212 Filed 9–26–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

Interest Rates 

The Small Business Administration 

publishes an interest rate called the 

Optional Peg Rate (13 CFR 120.214) on 

a quarterly basis. This rate is a weighted 


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