Federal Register / Vol. 77, No. 245 / Thursday, December 20, 2012 / Notices 75489 

15See Financial Market Utilities, 77 FR 45907 

(Aug. 2, 2012). 

16 12 U.S.C. 5464(b). 

17 12 CFR 234.1(b). 

18 12 U.S.C. 5464(b). 

19The risk management standards that have been 

adopted by the Commission in Rule 17Ad–22 are 

substantially similar to those of the Federal Reserve 

Board applicable to designated FMUs other than 

those designated clearing organizations registered 

with the CFTC or clearing agencies registered with 

the Commission. See Clearing Agency Standards, 

Securities Exchange Act Release No. 68080 (Oct. 22, 

2012), 77 FR 66219 (Nov. 2, 2012). To the extent 

such Commission standards are in effect at the time 

advance notices are reviewed in the future, the 

standards would be relevant to the analysis. 

Moreover, the analysis of clearing agency rule 

filings under the Exchange Act would incorporate 

such standards directly. 20 12 U.S.C. 5465(e)(1)(I). 

notices for FMUs, the consistency of an 

advance notice with Title VIII may be 

judged principally by reference to the 

consistency of the advance notice with 

applicable rules of the Federal Reserve 

Board governing payment, clearing, and 

settlement activity of the designated 

FMU.15

Section 805(a) requires the Federal 

Reserve Board and authorizes the 

Commission to prescribe standards for 

the payment, clearing, and settlement 

activities of FMUs designated as 

systemically important, in consultation 

with the supervisory agencies. Section 

805(b) of the Clearing Supervision Act 16

requires that the objectives and 

principles for the risk management 

standards prescribed under Section 

805(a) shall be to: 

• Promote robust risk management; 

• Promote safety and soundness; 

• Reduce systemic risks; and 

• Support the stability of the broader 

financial system. 

The relevant rules of the Federal 

Reserve Board prescribing risk 

management standards for designated 

FMUs by their terms do not apply to 

designated FMUs that are clearing 

agencies registered with the 

Commission.17 Therefore, the 

Commission believes that the objectives 

and principles by which the Federal 

Reserve Board is required and the 

Commission is authorized to promulgate 

such rules, as expressed in Section 

805(b) of Title VIII,18 are the appropriate 

standards at this time by which to 

evaluate advance notices.19

Accordingly, the analysis set forth 

below is organized by reference to the 

stated objectives and principles in 

Section 805(b). 

Discussion of Advance Notice 

The proposed rule change is designed 

to allow OCC to take full advantage of 

its liquidity resources that are secured 

by the clearing fund by collecting an 

amount that is at least 10% above the 

total size of the credit facilities to 

account for any collateral haircut that 

may be applied. This should assist OCC 

in maintaining market integrity in the 

event that one or more clearing 

members, settlement banks, or banks 

that issue letters of credit on behalf of 

clearing members as a form of margin 

fails to meet its obligations. By 

increasing the likelihood that OCC can 

take full advantage of its liquidity 

resources that are secured by the 

clearing fund, the proposed rule change 

should promote robust risk management 

and safety and soundness, reduce 

systemic risks, and support the stability 

of the broader financial system. For 

these reasons, the Commission does not 

object to the advance notice. 

IV. Conclusion 

It is therefore noticed, pursuant to 

Section 806(e)(1)(I) of the Clearing 

Supervision Act,20 that, the Commission 

does not object to proposed rule change 

(File No. AN–OCC–2012–04) and that 

OCC be and hereby is authorized to 

implement proposed rule change (File 

No. AN–OCC–2012–04) as of the date of 

this notice or the date of the ‘‘Order 

Approving Proposed Rule Change to 

Revise the Method for Determining the 

Minimum Clearing Fund Size to Include 

Consideration of the Amount Necessary 

to Draw on Secured Credit Facilities’’ 

(File No. SR–OCC–2012–22), whichever 

is later. 

By the Commission. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–30645 Filed 12–19–12; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Hatteras Venture Partners IV SBIC, 

L.P.; Application No. 99000769; Notice 

Seeking Exemption Under Section 312 

of the Small Business Investment Act, 

Conflicts of Interest 

Notice is hereby given that Hatteras 

Venture Partners IV SBIC, L.P., 280 

South Mangum Street, Suite 350, 

Durham, NC 27001, an applicant for a 

Federal License under the Small 

Business Investment Act of 1958, as 

amended (‘‘the Act’’), in connection 

with the financing of a small concern, 

has sought an exemption under Section 

312 of the Act and Section 107.730, 

Financings which Constitute Conflicts 

of Interest of the Small Business 

Administration (‘‘SBA’’) Rules and 

Regulations (13 CFR 107.730). Hatteras 

Venture Partners IV SBIC, L.P. proposes 

to provide equity financing to Clearside 

Biomedical, Inc., 1220 Old Alpharetta 

Road, Suite 300, Alpharetta, GA 30005 

(‘‘Clearside’’). The financing will be 

used for working capital and general 

corporate purposes. 

The financing is brought within the 

purview of § 107.730(a)(1) of the 

Regulations because Hatteras Venture 

Partners IV, LP and Hatteras Venture 

Partners III, LP, Associates of Hatteras 

Venture Partners IV SBIC, L.P., in the 

aggregate own more than ten percent of 

Clearside. Therefore, this transaction is 

considered a financing of an Associate 

requiring an exemption. 

Notice is hereby given that any 

interested person may submit written 

comments on the transaction within 

fifteen days of the date of this 

publication to the Associate 

Administrator for Investment, U.S. 

Small Business Administration, 409 

Third Street SW., Washington, DC 

20416. 

Dated: December 5, 2012. 

Sean Greene, 

Associate Administrator for Investment. 

[FR Doc. 2012–30656 Filed 12–19–12; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF STATE 

[Public Notice 8129] 

Culturally Significant Objects Imported 

for Exhibition Determinations: 

‘‘Projects 99: Meiro Koizumi’’ 

SUMMARY: Notice is hereby given of the 

following determinations: Pursuant to 

the authority vested in me by the Act of 

October 19, 1965 (79 Stat. 985; 22 U.S.C. 

2459), Executive Order 12047 of March 

27, 1978, the Foreign Affairs Reform and 

Restructuring Act of 1998 (112 Stat. 

2681, et seq.; 22 U.S.C. 6501 note, et 

seq.), Delegation of Authority No. 234 of 

October 1, 1999, and Delegation of 

Authority No. 236–3 of August 28, 2000 

(and, as appropriate, Delegation of 

Authority No. 257 of April 15, 2003), I 

hereby determine that the objects to be 

included in the exhibition ‘‘Projects 99: 

Meiro Koizumi,’’ imported from abroad 

for temporary exhibition within the 

United States, are of cultural 

significance. The objects are imported 

pursuant to loan agreements with the 

foreign owners or custodians. I also 

determine that the exhibition or display 

of the exhibit objects at The Museum of 

Modern Art in New York, New York 

from on or about January 9, 2013, until 

on or about May 6, 2013, and at possible 

additional exhibitions or venues yet to 

be determined, is in the national 

interest. I have ordered that Public 


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75490 Federal Register / Vol. 77, No. 245 / Thursday, December 20, 2012 / Notices 

Notice of these Determinations be 

published in the Federal Register. 

FOR FURTHER INFORMATION CONTACT: For 

further information, including a list of 

the exhibit objects, contact Ona M. 

Hahs, Attorney-Adviser, Office of the 

Legal Adviser, U.S. Department of State 

(telephone: 202–632–6473). The mailing 

address is U.S. Department of State, SA– 

5, L/PD, Fifth Floor (Suite 5H03), 

Washington, DC 20522–0505. 

Dated: December 12, 2012. 

J. Adam Ereli, 

Principal Deputy Assistant Secretary, Bureau 

of Educational and Cultural Affairs, 

Department of State. 

[FR Doc. 2012–30683 Filed 12–19–12; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF TRANSPORTATION 

Federal Motor Carrier Safety 

Administration 

[Docket No. FMCSA–2012–0209] 

Agency Information Collection 

Activities; Reinstatement With Change 

of a Currently-Approved Information 

Collection Request: Information 

Technology Services Survey Portal 

Customer Satisfaction Assessment 

(Formerly COMPASS Portal Consumer 

Satisfaction Assessment) 

AGENCY: Federal Motor Carrier Safety 

Administration (FMCSA), DOT. 

ACTION: Notice and request for 

comments. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, 

FMCSA announces its plan to submit 

the Information Collection Request (ICR) 

described below to the Office of 

Management and Budget (OMB) for 

review and approval and invite public 

comment. The collection involves the 

assessment of FMCSA’s strategic 

decision to integrate its Information 

Technology (IT) with its business 

processes using portal technology to 

consolidate its systems and databases 

through the FMCSA Information 

Technology Services Survey 

modernization initiative. The 

information to be collected will be used 

to assess the satisfaction of Federal, 

State, and industry customers with the 

FMCSA Information Technology 

Services Survey Portal. The ‘‘COMPASS 

Portal Customer Satisfaction 

Assessment,’’ ICR is being changed to 

the ‘‘Information Technology Services 

Survey Portal Customer Satisfaction 

Assessment,’’ to reflect the need for a 

broader term than ‘‘COMPASS’’ for the 

portal. 

DATES: Please send your comments by 

January 22, 2013. OMB must receive 

your comments by this date in order to 

act on the ICR. 

ADDRESSES: All comments should 

reference Federal Docket Management 

System (FDMS) Docket Number 

FMCSA–2012–0209. Interested persons 

are invited to submit written comments 

on the proposed information collection 

to the Office of Information and 

Regulatory Affairs, Office of 

Management and Budget. Comments 

should be addressed to the attention of 

the Desk Officer, Department of 

Transportation/Federal Motor Carrier 

Safety Administration, and sent via 

electronic mail to 

oira_submission@omb.eop.gov, or faxed 

to (202) 395–6974, or mailed to the 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Docket Library, Room 10102, 

725 17th Street NW., Washington, DC 

20503. 

FOR FURTHER INFORMATION CONTACT: Ms. 

Katherine Sinrud, Department of 

Transportation, Federal Motor Carrier 

Safety Administration, West Building 

6th Floor, 1200 New Jersey Avenue SE., 

Washington, DC 20590. Telephone: 

202–366–3843; email: 

katherine.sinrud@dot.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Information Technology 

Services Survey Portal Customer 

Satisfaction Assessment. 

OMB Control Number: 2126–0042. 

Type of Request: Revision of a 

currently-approved information 

collection request. 

Respondents: Federal, State, and 

industry customers/users. 

Estimated Number of Respondents: 

3,392. 

Estimated Time per Response: Five (5) 

minutes. 

Expiration Date: 11/30/2012. 

Frequency of Response: 4 times per 

year. 

Estimated Total Annual Burden: 283 

hours [91 hours (273 industry user 

respondents × 5 minutes/60 minutes to 

complete survey × 4 times per year) + 

192 hours (575 Federal and State 

government respondents × 5 minutes/60 

minutes to complete survey × 4 times 

per year) = 283]. 

Background 

Title II, section 207 of the EGovernment Act of 2002 requires 

Government agencies to improve the 

methods by which Government 

information, including information on 

the Internet, is organized, preserved, 

and made accessible to the public. To 

meet this goal, FMCSA plans to provide 

a survey on the FMCSA Portal, allowing 

users to assess its functionality. This 

functionality includes the capability for 

Federal, State, and industry users to 

access the Agency’s existing safety IT 

systems with a single set of credentials 

and have easy access to safety data 

about the companies that do business 

with FMCSA. The IT program will also 

focus on improving the accuracy of data 

to help ensure information, such as 

carrier name and address, is valid and 

reliable. 

FMCSA’s legacy information systems 

are currently operational. However, 

having this many stand-alone systems 

has led to data quality concerns, a need 

for excessive identifications (IDs) and 

passwords, and significant operational 

and maintenance costs. Integrating our 

information technologies with our 

business processes will in turn, improve 

our operations considerably, 

particularly in terms of data quality, 

ease of use, and reduction of 

maintenance costs. 

In early 2007, FMCSA’s IT program 

launched a series of releases of a new 

FMCSA Portal to its Federal, State and 

Industry customers. Over the coming 

years, more than 15 releases are 

planned. These releases will use portal 

technology to fuse and provide 

numerous services and functions via a 

single user interface and provide 

tailored services that seek to meet the 

needs of specific constituencies within 

our customer universe. 

The FMCSA Information Technology 

Services Survey Portal will entail 

considerable expenditure of Federal 

Government dollars over the years and 

will fundamentally impact the nature of 

the relationship between the Agency 

and its Federal, State, and industry 

customers. Consequently, the Agency 

intends to conduct regular and ongoing 

assessments of customer satisfaction 

with the Information Technology 

Services Survey. 

The primary purposes of this 

assessment are to: 

• Determine the extent to which the 

FMCSA Portal functionality continues 

to meet the needs of Agency customers; 

• Identify and prioritize additional 

modifications; and 

• Determine the extent that the 

FMCSA Portal has impacted FMCSA’s 

relationships with its main customer 

groups. 

The assessment will address: 

• Overall customer satisfaction; 

• Customer satisfaction against 

specific items; 

• Performance of systems integrator 

against agreed objectives; 

• Desired adjustments and 

modifications to systems; 


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